The setup for the big trade

12263 posts / 0 new
Last post
Mon, Dec 10, 2018 - 11:38am argentus maximus
Solsson
Offline
-
Ankeborg
Sweden
Joined: Dec 14, 2013
1084
4173

argentus maximus wrote:

argentus maximus wrote:

You're an interesting chap, Solsson.

I didn't see it the first time, but when I scanned your post later Hah Hah!

88 months after 6 September 2011

89 months after 6 September 2011 (a Fibonacci sequence number)

.... from 6 Sept 2011 the gold bull high that year ...... would be either the first week of Jan or Feb next.

And I'll put this one out also. Seven point two years from that high was passed about three weeks ago. That marked a second higher low for gold following the August bottom.

PS : Video to elaborate something big in P&F for subscribers before this weekend's over.

Wohoo, congrats Argentus, you solved the riddle well done! Do you know there is more to it. I am born on the 5 of September. At that particular point in time I was exactly 47 years old, so the 6th of September marked a turn for Gold like the turn of the Sun at tropic of capricorn and tropic of cancer. The angles are 23.5°+23.5° = 47°

I am the Son of Sol maybe not, but I somehow vibrate in synchronization with Gold, that's cool ...

Tropic of Cancer / Capricorn and Equator Explained

Talking about synchronization. Carl-Gustav Jung was frustrated about the subject. He thought it was intellectual rubbish and that's why his book is so thin. His frustration became less when he was able to discuss the phenomena with his friend a mathematician specialized in quantum mechanics.

http://farm2.staticflickr.com/1954/32389152908_9771547d4a_b.jpg

Oh no, that number again. Last time I checked the price was 89SEK

Thu, Dec 13, 2018 - 11:06am
zman
Offline
Joined: Jun 15, 2011
1368
4603

Europe deflation

https://www.zerohedge.com/news/2018-12-13/euro-slides-draghi-warns-downs...

Wow, thanks for the warning. There's no economic growth or inflation, mission accomplished!!!

https://www.zerohedge.com/news/2018-12-13/italian-bonds-stocks-rally-ita...

Look at this, the EU elites controlling everything once again.

It doesn't matter which political party is elected in which nation, it doesn't matter where the people protest. The EU is controlled by the bond holders (elite) and they're going with even more deflation and lack of real economic growth.

So what's going to happen when the tax receipts start declining in the EU? Yes, they can't run budget deficits so they are going to experience big spending cuts for the peasants and even higher taxes. This is all about keeping the bond yields at negative or zero rates.

BTW, this is just a preview for the US as well. There is no bailout for Main Street, no stimulus, no flooding the economy with money. Not gonna happen.

Thu, Dec 13, 2018 - 5:00pm
zman
Offline
Joined: Jun 15, 2011
1368
4603

November US federal deficit!!!!

https://www.zerohedge.com/news/2018-12-13/us-reports-biggest-ever-budget...

"$205 billion" Not bad for just one month!!!! This is why interest rates MUST go lower. What's going to happen when tax receipts really start tanking? Yep, spending CUTS for the peasants.

Fri, Dec 14, 2018 - 4:39am
Solsson
Offline
-
Ankeborg
Sweden
Joined: Dec 14, 2013
1084
4173

Karmic debt numbers

I am looking into this a little bit and I've noticed that I've got two of the numbers in my joined date:

Karmic Debt Numbers

The term Karma could basically be defined by the cliché “what you sow is what you reap”. It therefore refers to the whole Karmic system wherein the results of actions done in the past come up in the present. Thus its basic idea is that everything and everybody in this life is connected. Each and every individual is accountable for his or her actions. The actions might be good deeds or sins. Quite naturally the results of good deeds are good and the results of the sins committed are bad.

Karmic debt refers to a very special number in numerology. From the name Karmic Debt itself it becomes clear that based on the debt of the actions committed in the past the future is decided.

The best and most powerful number yet. Not just for financials ...

Angel Numbers 8,88,888,8888 repeating 8s

for those of you who can not stand computer voices

Angel Number 888: Time to blossom!

The time has arrived, this is it. If you do not have the guts to invest now you might miss the whole thing. That is how I interpret the situation we are currently in.

Just wow it is so spot on!

https://angelnumbersmeaning.com/angel-number-8888-meaning-and-symbolism/

Thank you Argentus-Norman and Carl-Gustav Jung for the support this was meant to be ...

Edit:
Oups do not say Hi before crossing the river, a Swedish saying. Early 2019 we would know for sure.

Once again I've got support from the only verse. Look at the time when I tried to edit my post, it's Phi²
It's a sign that what I wrote above is not entirely rubbish, maybe there are a lot of truth in it.
http://farm5.staticflickr.com/4890/32438587548_212688f114_b.jpg

Fri, Dec 14, 2018 - 9:34am
UncleFester
Offline
-
nunya, MS
Joined: Jul 13, 2011
353
1396

Update

It has been awhile, but here is weekly Au in dollars with Fester Fans added. Fans originate from the 12/2015 low. You will notice that this projection is weak or flat. This is the only set currently in play. To generate them, 1200 (1.38) and 1230 (1.62) for 08/16/2018.

https://www.tradingview.com/x/kRqGIitw/

Just because I'm paranoid, doesn't mean they aren't out to get me.
Fri, Dec 14, 2018 - 10:41am
Pete
Offline
-
Fair Oaks, CA
Joined: Jun 24, 2011
1006
3618

Feb gold Fri AM

Gold hit the minor pivot ml and put in an hourly reversal (though not a volume reversal also). Look at the hourly volumes over the week and notice how these last two have the highest volumes of the minor correction. This little decline is probably over.

Sun, Dec 16, 2018 - 6:11pm
Offline
-
Dublin
Ireland
Joined: Jan 20, 2013
3799
25043

Deutsche Bank + Commerzbank = ?

In case you are not watching this unfold:

Much depends whether the Ministry for Finance or the Ministry for Defence (or both) are running the show.

Deutsche Bank To Become A SUPER Bank! Germany Will Set Stage For Global Financial Collapse!

Also wouldn't it be a shame if the Co Co bond liabilities were not reeled in, cancelled, and converted into ordinary stock - before the final solution should be announced?

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Sun, Dec 16, 2018 - 7:39pm argentus maximus
silver66
Offline
Joined: Oct 8, 2012
3411
15828

coco's

https://www.investopedia.com/terms/c/contingentconvertible.asp

AM what you are really saying politely is who gets Fu#ked, and that will show at least for the moment where the power lies in this repositioning in German

silver66

Silver66 Rage against the dying of the light

Tue, Dec 18, 2018 - 1:55pm
Solsson
Offline
-
Ankeborg
Sweden
Joined: Dec 14, 2013
1084
4173

A letter from the military in

A letter from the military in France to Macron, globalism finally being stopped?

Mister President,

You are about to sign the "Global Compact on Safe, Orderly and Regular Migration" on 10 and 11 December, which establishes a genuine right to migration. It may impose itself on our national legislation through pre-existing treaties or the principle of common responsibility set out in this pact.

It seems to us that the only sovereignty that will remain with France will consist in freely setting the way in which the objectives of the pact will have to be implemented. You can not give up this new part of the national sovereignty without a public debate whereas 80% of the French population considers that it is necessary to stop or regulate drastically the immigration. By deciding alone to sign this pact, you would add an additional reason for revolt to the anger of an already battered people. You would be guilty of a denial of democracy or treason against the nation.

In addition, the finances of our country are drained and our debt is growing. You can not take the risk of an expensive call for air migration without first showing that you will not have to resort to more taxes to meet the objectives of the pact. On the other hand, you must be able, in terms of security, to curb the consequences linked to the arrival of extra-European populations. Finally, you can not ignore that the very essence of politics is to ensure security on the outside and harmony within. However, this concord can be obtained only if it maintains a certain internal coherence of the society alone capable of allowing to want to do together, which becomes more and more problematic today.

In fact, the French state is late in coming to realize the impossibility of integrating too many people, in addition to totally different cultures, who have regrouped in the last forty years in areas that no longer submit to the laws of the Republic.

You can not decide alone to erase our civilizational landmarks and deprive us of our carnal homeland.

We therefore ask you to defer the signing of this pact and call by referendum the French to vote on this document. You are accountable to the French of your actions. Your election is not a blank.

We support the initiative of General MARTINEZ against the signature of this pact which must be adopted by the Member States of the UN at the Intergovernmental Conference of Marrakech.

Général Antoine MARTINEZ

Charles MILLON – Ancien Ministre de la Défense

Général Marc BERTUCCHI

Général Philippe CHATENOUD

Général André COUSTOU

Général Roland DUBOIS

Général Daniel GROSMAIRE

Général Christian HOUDET

Général Michel ISSAVERDENS

Amiral Patrick MARTIN

Général Christian PIQUEMAL

Général Daniel SCHAEFFER

Général Didier TAUZIN

Colonel Jean Louis CHANAS

Tue, Dec 18, 2018 - 2:09pm
Solsson
Offline
-
Ankeborg
Sweden
Joined: Dec 14, 2013
1084
4173

I was supposed to post this,

I was supposed to post this, but I was blown away by the letter. The Swedish government signed the Global Compact deal without hesitation ...

Du you recognize the number, 16.2?

http://farm5.staticflickr.com/4841/46371357201_a671bc636e_b.jpg

Tue, Dec 18, 2018 - 3:15pm
zman
Offline
Joined: Jun 15, 2011
1368
4603

Deflate the debt away

Oil- $46

2 year bond- 2.65 % 10 year bond- 2.82%. Bond bears, what's happening? Booming economy, tax cuts, wage growth, Fed hiking rates, massive deficits, infrastructure spending, tariffs!!!!!!!!!! All BS, cover those shorts and then go LONG!!

CRB commodity index- 174 today, the low was at 155 in Feb. of 2016. That's only -11% from today. It's likely to break by early 2019.

Copper- $2.65 This is the next leg to drop. I see a move to below $2 in short order and then even lower lows.

US dollar- 97 . Going to 100 and then even higher in 2019. This is the plan.

Gold- $1250 Well. considering the mess in the world today, gold is FAILING to perform, why? There is no inflation and there's NOT going to be any inflation to hedge against. Gold does NOT work in deflation, it only works IF there's a rescue and some stimulus. There is no stimulus or white knight coming folks, we are just starting to deflate the debt away.

Tue, Dec 18, 2018 - 9:30pm Solsson
Solsson
Offline
-
Ankeborg
Sweden
Joined: Dec 14, 2013
1084
4173

Solsson wrote:

Solsson wrote:

Du you recognize the number, 16.2?

Oh, I forgot to mention that 16 is 8+8 ...

#zman

Not a white knight, but mother nature is coming, big time!

Enjoy the ride ...

Wed, Dec 19, 2018 - 1:59am
Pete
Offline
-
Fair Oaks, CA
Joined: Jun 24, 2011
1006
3618

DX

Very precise selling at the 0-4 line, making r1 a very strong support for a bottom if reached. The many pivots on the way there suggest correction only. On the other hand, the 2nd H-bounce pattern got triggered yesterday at the red bar; should r1 break, DX has potential to decline to the red ML.

Wed, Dec 19, 2018 - 12:19pm
Pete
Offline
-
Fair Oaks, CA
Joined: Jun 24, 2011
1006
3618

Gold pre FOMC

Price reached a critical area on the chart for the continuation of the rally, where r1 of the recent correction (both target and resistance) crosses the latest median line. Price put in a (slight) volume reversal to the downside on the 60m, but the 30m chart gives a different picture as volume dries up, and prices drift as traders await the FOMC announcement.

Wed, Dec 19, 2018 - 5:51pm
AGXIIK
Offline
-
reno, NV
Joined: Jun 11, 2012
2851
21920

SOLSSON---DOW CLOSING 23,323.66

Even I saw that one. Kind of jumped off the page and bit me in the nose

AGXIIK

Wed, Dec 19, 2018 - 9:25pm
Pete
Offline
-
Fair Oaks, CA
Joined: Jun 24, 2011
1006
3618

@zman

You've said it maybe 100 times, but I don't understand your concept of "deflate the debt away". Seems to me the value (cost) of the debt increases if the currency in which it is denominated rises against other currencies, or gold.

Even when I google "deflate the debt away", there are no hits.

Thu, Dec 20, 2018 - 10:26am
Pete
Offline
-
Fair Oaks, CA
Joined: Jun 24, 2011
1006
3618

Fast move in progress?

In the Feb gold chart: I began to suspect something like a running correction wave 2 after the rally out of November low, which was a Gann "3rd higher bottom" from the powerful monthly R1 line in the Dec 2018 contract. My suspicion was confirmed with the "h-kicker" low at the red arrow, the day after price made the minor low ON the latest ml (that was dead horizontal, btw, another suggestion of the running correction idea). Then yesterday, with the virtually-always selling of gold with the FOMC announcement (a MOPE control measure assisted by short term specs), the price returned to the h (green arrow), where buyers exceeded sellers.

And now we see a launch higher, which I hope is going to close over the ml today (for strength) and yesterday's high (to negate the bearishness of the turn lower after the possible 5th pivot to latest r1 line). The pattern of the last several days seems to be confirming that gold is in a fast third wave higher, especially if there was a running correction. We shall see.

It's early in the trading day in NY, and I'll bet many are surprised at this sudden reversal to the upside, given that usually there are two days of selling with the FOMC. Lots of short covering going on. As I send, gold is continuing higher. Go gold!

Thu, Dec 20, 2018 - 4:25pm Pete
zman
Offline
Joined: Jun 15, 2011
1368
4603

Pete wrote:

Pete wrote:

You've said it maybe 100 times, but I don't understand your concept of "deflate the debt away". Seems to me the value (cost) of the debt increases if the currency in which it is denominated rises against other currencies, or gold.

Even when I google "deflate the debt away", there are no hits.

The most important debt is US-T bonds, what do you think would happen if we end up with $30 trillion in a few years with average interest rates at 5%? Yes, that would be $1.5 trillion just in interest payments on the debt.

Next year the estimate is $3.4 trillion of tax revenue, do you really think we're going to live in a world with 40% of tax revenue going to service the debt? The answer is NO.

What happens if we continue to drain money out of the system? Growth and inflation are dead, and deflation takes over.

What happens with $30 trillion of debt with average interest rates at 1% or even lower? The interest payments are almost NOTHING at that point. All that debt will be rolled over into very low interest bonds.

The EU and Japan are already doing the same thing, interest rates are NOT an issue. The problem is that other forms of debt get defaulted on and bank bail-ins are going to be used to bail out the banks.

The corporate bond owners are going to take over the companies that fail to make the interest payments, they're going to make out just fine as these shareholders are going to hand the keys over to the bondholders.

The bad student debt, credit card, mortgage, auto debt and junk debt will be served with bank deposit bank-ins.

The end result is everything is going lower, but the US bonds and US dollar will be the big winners. Could gold get a bid if people start worrying about the bank bail-ins? Maybe, but the deflation could bring the price very low before that happens.

Look at zinc today- down -25%!!!

Fri, Dec 21, 2018 - 1:09am
Pete
Offline
-
Fair Oaks, CA
Joined: Jun 24, 2011
1006
3618

DX

DX has nearly reached r1 of the last major pivot rally. Odds strongly favor a turn here, with a retest of the high relatively quickly. There's a tight, corrective wedge of 5 min-3 pivots, holding above the prior p4 low. A very bullish setup, absolutely textbook. BUT, if there is a break lower, with closes sustained below r1, something very big is happening. The major pivot, downsloping ML becomes the key target.

@zman: I am pondering your reply...

Fri, Dec 21, 2018 - 2:23pm
zman
Offline
Joined: Jun 15, 2011
1368
4603

gold oil ratio

https://www.macrotrends.net/1380/gold-to-oil-ratio-historical-chart

Now over 27, this is very high by historical standards. It's not likely to go much higher and oil is likely to drop even lower. So that means gold is likely to also drop in get the ratio back in line. If the ratio goes back to 16, which it was in Sept. of this year, we're looking at $740 oz gold price.

The system will continue to be drained of money, there is no QE or stimulus coming. Pension funds will reduce payouts by -50% or more, SS, medicare and other programs will be cut big time.

Bailing in bank deposits will be extremely deflationary, cash will be the king of all asset classes. It's the only choice the people in power have today, they must preserve currency and government debt.

Contribute

Donate Shop

Forum Discussion

by sierra skier, Aug 17, 2019 - 7:14pm
by sierra skier, Aug 17, 2019 - 8:30am
by Boggs, Aug 16, 2019 - 7:46pm
by Boggs, Aug 16, 2019 - 7:07pm