DID YOU SEE ‘IT’ THIS TIME?
Nov 25 PART 1 This first part of this report I wrote at Noon time Tuesday.
Follow my thinking on this one : Earlier I discussed the SWISS BANK REFERENDUM and how some may be cautious going into the weekend with that on the table. Anyone who has entered trades in the Gold & Silver markets may be planning on Selling Friday, especially if they didn’t buy near the lows and cant take a possible “Gap Down” Monday after the vote. I have pointed out that for the past 3 Fridays People are nervous holding metals positions into the weekend. I see on several Blogs each week, “I am NOT holding Miners into the weekend” and then Friday there is a sell off in GOLD only to see that later it closes GREEN . Interesting .
Could selling this week be “The Final Shake Out / Leave many behind move” before a nice break out higher? Break out? Yes, above the 50sma on $GOLD $GDX $GDXJ
The idea here is to say that currently GDX / GDXJ look like flags setting up to break out. Are You In? Remember that some are still expecting a double bottom , and The repeated Friday Shake outs & Lock Outs that I have mentioned the past couple of weeks may be a way of keeping many from buying comfortably. Now we have before us a holiday week going into a Swiss Vote on Gold may cause any who did dare to buy to exit before that vote (While smart money is still accumulating?). I’d like to present 3 possible scenarios -Educated Guesses if you will .
1. Imagine another Friday pre-market shake out this 1/2 day Friday & then it surges higher to close near highs or even a break out higher BEFORE the vote? THAT would be another smart lock out move too. Will You Be In, Would you sell ?
2. Or we slowly sell off all 1/2 day Friday…who will “Hold” into the Swiss vote? Will You Be In, would you sell ?
3. Break out Friday in Gold and no one dares to enter with the Swiss Vote Sunday (Lock out again) (would you ___?)
I’m not really trying to speculate or guess, my past reports have been pointing out the many reasons why I feel that GOLD has bottomed into an ICL (Those meaningful lows that rally for several weeks) . They also have taken note of how Friday ‘shake outs’ and ‘lock outs’ have gone unnoticed by the majority, but then all 3 of those lows are still holding .
GOLD– All 3 Friday lows still holding
The set up is ripe to leave many behind . Weak hands are still being shaken out and Smart Money is likely collecting. The FEAR of a no vote Sunday may cause many longs to give up their positions.
Nothing is 100% so Yes, we could get a sell off Monday after the vote. My point is that each week as Friday approaches , most are ready to sell in fear and then a quick Morning shake out puts in new lows and that Friday closes Green
In my opinion, holding at least a small Core position going forward is prudent, many Miners have Bullish set ups.
PART 2 – After the close
DID YOU SEE IT? Thats right…’Signs Of Life’ again in the Miners and it was in an impressive way! Let me just show you a few charts and the whole time I want you to say in your head…
” Miners often lead the metals , right?” 
GDX is weighted heaviest in GG (then I believe its ABX & NEM )
GG POP end of day
NEM – Volume surge
Even GDX breaks the 50sma!
Are any others Breaking above their 50sma?
There are quite a few more breaking above thier 50sma (And still not many believe the lows are in. Not many dare to buy & hold ). “BUT I hate to chase, are there others set up to break higher, but still below their 50sma?” Yes…
PAAS is just breaking out now = ( It’s a buy), and AUY, BTG, etc are low risk entries.
I want to remind you that I showed $BPGDM in Early November at 0. IT was EXTREME lows, Miners were HATED, LOATHED, AND FEARED. Now we are seeing Miners already above the 50sma all over the place and I STILL see the FEAR of a double dip lows in other newsletter writers. SOMEONE IS BUYING THEM THOUGH.
To conclude: All the signs are there. No one can say for a certainty what the SWISS vote will bring, but I have seen many many signs all along the way that have convinced me that what we are seeing has all the hallmarks of a solid low. An ICL . A meaningful low. I expect at least 2 daily cycles that should be very profitable, and we may be only at the 1/2 way point of the first one out of the lows. If you bought the lows (Or close to it) with me in early Nov, you dont have to worry too much since we are well off the bottom. If you are thinking of buying here, I understand that the threat of a pullback Monday is scary.
You COULD wait, but I personally think its best to have “SOME” skin in the game. Take a small position in one of the miners set ups mentioned above. You dont have to get too heavy, but even a small position will feel better if we blast off next week with a positive SWISS VOTE , and a small position wont hurt to much if we sell down after the vote and get another buying opportunity to add more. After watching & reporting on this Metals market unfolding Bullishly here daily , leaving the majority afraid to trade – you can see how masterful the Big Money is when they want t disguise their interests. The Move in Miners today has me thinking that the SMART MONEY is starting to leave footprints in the sand for all to see now.
~ALEX
P.S. “Question for a reader” – No, I am NOT claiming THE LOWS are in…that will take more time to identify where we are . I am saying that these lows have been bullish and very trade-able.
Sheesh Alex, get some sleep. I’m in mountain time and its late :). Check out LSG while you’re at. Currently flagging. NASDAQ .com shows Institutions increased positions 24.6 million and decreased 2.1 million. New positions taken are 6.5 million and sold outs just 193,000. Closed at .89 cents yesterday but big money must like it. I don’t own it, just found it today. Though plan on jumping in if/when flag breaks upside.
Hey R41 – I recognize that name from the past, how are you! I know…sleep must be nice : )
I featured LSG a few times in the past. It is acting like a solid company when you look on a 1.5 year wkly and like RIC , it has higher lows from June 2013 lows. I actually bought the recent slam down on the weekly because it was lighter volume, cheap , & still a higher low. I like the chart a lot
Once again, great work Alex. Now you are integrating all a bit more through narrative, and thanks.
Thank You Rube (Nice to hear from you again)
Sheesh Alex, get some sleep. I’m in mountain time and its late :). Check out LSG while you’re at. Currently flagging. NASDAQ .com shows Institutions increased positions 24.6 million and decreased 2.1 million. New positions taken are 6.5 million and sold outs just 193,000. Closed at .89 cents yesterday but big money must like it. I don’t own it, just found it today. Though plan on jumping in if/when flag breaks upside.
Hey R41 – I recognize that name from the past, how are you! I know…sleep must be nice : )
I featured LSG a few times in the past. It is acting like a solid company when you look on a 1.5 year wkly and like RIC , it has higher lows from June 2013 lows. I actually bought the recent slam down on the weekly because it was lighter volume, cheap , & still a higher low. I like the chart a lot
Once again, great work Alex. Now you are integrating all a bit more through narrative, and thanks.
Thank You Rube (Nice to hear from you again)
Guess I should have been paying more attention to you 🙂 I would have liked to have started buying 1rst of Nov when we broke back up thru that support. Took a small starter today. Break up thru that 7 day flag on the daily and I’m adding fair amount more. Due the heavy institution accumulation this one could become a longer term hold.
Thanks,
I agree…a long term hold has been good for this one already (June 2013 lows at $.20)
Thanks for all the hard work. You are a must read when the reports come out
Thanks Knight , I appreciate that. I also really hope they were able to build a little confidence during the crazy lows that come & go in the Metals markets.
Thanks for all the hard work. You are a must read when the reports come out
Thanks Knight , I appreciate that. I also really hope they were able to build a little confidence during the crazy lows that come & go in the Metals markets.
I hear your compelling charts very loud and clear.
My take is Swiss vote NO and all that is gold flies. Silver will stay back. ,…but for some obscure reason Swiss vote yes, I expect a canon shot across the bow and then attack bears left right and center once and for all.
I agree Matthew, it seems that any vote will take Gold Higher, the Smart Money seems to be stepping in. I do think that SILVER will make a nice move soon too. A close slightly higher on a weekly is very bullish to me. It has lagged a bit, but often plays catch up quickly (And the Silver stocks are starting to roll)
I hear your compelling charts very loud and clear.
My take is Swiss vote NO and all that is gold flies. Silver will stay back. ,…but for some obscure reason Swiss vote yes, I expect a canon shot across the bow and then attack bears left right and center once and for all.
Alex, wouldnt their cycles seem perfect for a short term bull trap set up ?
I agree Matthew, it seems that any vote will take Gold Higher, the Smart Money seems to be stepping in. I do think that SILVER will make a nice move soon too. A close slightly higher on a weekly is very bullish to me. It has lagged a bit, but often plays catch up quickly (And the Silver stocks are starting to roll)
You keep amazing me, Alex, day after day. As someone mentioned, this blog is a must read first thing in the morning or whenever it comes out. Your one or sometimes even two steps ahead analysis helped me personally to survive the PM market storms of late. The only two things I regret are that I started buying a little early in the downtrend, which eroded my ACB, and that in certain cases I let my fear to take over and didn’t follow your advice more closely in the last three weeks.
Anyway, thank you for your outstanding effort here.
Thank You Mastec, readng the first part of that was encouraging to hear. Appreciate that.
As for the rest…P.M. Market storms after the kind of Bear Mkt selling that we’ve seen can be VERY Nerve wracking! we all miss-play things from time to time and all we can do is try to remember it and learn. The good part is that IF we are where I am thinking we are ( I will likely lay this out in a future report) , we will have the first run up that we are currently in , and then a pullback ( MIGHT be a tad scary ,but its also Second chance to buy), then we should get at least 1 more run higher. SO what I am saying is that you’ll get another chance to make some of that money back.
Sometimes one well timed trade can offset a past mistake (I know…been there done that) I hope it helps! Thanks for reading & the kind words : )
You keep amazing me, Alex, day after day. As someone mentioned, this blog is a must read first thing in the morning or whenever it comes out. Your one or sometimes even two steps ahead analysis helped me personally to survive the PM market storms of late. The only two things I regret are that I started buying a little early in the downtrend, which eroded my ACB, and that in certain cases I let my fear to take over and didn’t follow your advice more closely in the last three weeks.
Anyway, thank you for your outstanding effort here.
Thank You Mastec, readng the first part of that was encouraging to hear. Appreciate that.
As for the rest…P.M. Market storms after the kind of Bear Mkt selling that we’ve seen can be VERY Nerve wracking! we all miss-play things from time to time and all we can do is try to remember it and learn. The good part is that IF we are where I am thinking we are ( I will likely lay this out in a future report) , we will have the first run up that we are currently in , and then a pullback ( MIGHT be a tad scary ,but its also Second chance to buy), then we should get at least 1 more run higher. SO what I am saying is that you’ll get another chance to make some of that money back.
Sometimes one well timed trade can offset a past mistake (I know…been there done that) I hope it helps! Thanks for reading & the kind words : )
Alex,
My biggest reward to date of joining Gary’s Savage’s site only about 7 days ago is being guided to your site. Your work is EXCELLENT!
I lost big time riding JNUG and NUGT down from February, 2014. I thought it would correct itself as it did
in January, 2014 and again in June, 2014. Looking at the charts where JNUG and NUGT had dropped from in August, 2011, my thought was, look at all the upside potential and these cannot go that much lower or have much more loss. WELL, JNUG from just February, 2014 dropped 85%. Lesson learned the hard way BUT never to be forgotten.
So, what did I do 7 days ago, I bought twice as much JNUG and NUGT as I bought in February, 2014. What has that done for
my NUGT, it has almost covered my loss. Why, as I am sure you already know, 100 down to 50 is a 50% loss BUT 50 up to 100 is a 100% gain.
Based on my confidence in making a decision based off your guidance, I will know to get out and/or short JNUG / NUGT when they start to move down. I know not all of your recommendations will execute as projected, BUT the losses will be small and the gains will be large.
Thanks again.
Welcome to chartfreak DJGold! I’m not sure how you heard of me from Garys site , but thank that person and glad to have you here! Thats quite a story and the ending was a relief! The 3xETF’s are definitely dangerous to hold when trending down or even sideways chop for too long has decay built in.
I’m glad that you gained some confidence from here to place those winning trades. Like you said…I wont always be 100% right, but if we try to cut our losses and run with some gains…it can be quite rewarding. Thanks for sharing your story and seriously…I’m glad you have gained some losses back (That kind of mental pain can affect trading ). And believe me….We’ve all taken losses that we can learn from.
Alex,
My biggest reward to date of joining Gary’s Savage’s site only about 7 days ago is being guided to your site. Your work is EXCELLENT!
I lost big time riding JNUG and NUGT down from February, 2014. I thought it would correct itself as it did
in January, 2014 and again in June, 2014. Looking at the charts where JNUG and NUGT had dropped from in August, 2011, my thought was, look at all the upside potential and these cannot go that much lower or have much more loss. WELL, JNUG from just February, 2014 dropped 85%. Lesson learned the hard way BUT never to be forgotten.
So, what did I do 7 days ago, I bought twice as much JNUG and NUGT as I bought in February, 2014. What has that done for
my NUGT, it has almost covered my loss. Why, as I am sure you already know, 100 down to 50 is a 50% loss BUT 50 up to 100 is a 100% gain.
Based on my confidence in making a decision based off your guidance, I will know to get out and/or short JNUG / NUGT when they start to move down. I know not all of your recommendations will execute as projected, BUT the losses will be small and the gains will be large.
Thanks again.
Welcome to chartfreak DJGold! I’m not sure how you heard of me from Garys site , but thank that person and glad to have you here! Thats quite a story and the ending was a relief! The 3xETF’s are definitely dangerous to hold when trending down or even sideways chop for too long has decay built in.
I’m glad that you gained some confidence from here to place those winning trades. Like you said…I wont always be 100% right, but if we try to cut our losses and run with some gains…it can be quite rewarding. Thanks for sharing your story and seriously…I’m glad you have gained some losses back (That kind of mental pain can affect trading ). And believe me….We’ve all taken losses that we can learn from.
Hey there Alex…..I am at Garys site also and as I stated prior I was intro’d to you there by your loyal sub ‘thebeek’. So thank you so much to him and you. Wish I had a story similar to DJ but just had the life sucked out of my account by the oil debacle. Sheesh was doing so well thinking the commodity complex would move along. Oh well I’ll just keep chugging along.
Graham- Nice to have you here, but sorry to hear of your tough time with the oil trades.
My best advice would be that when we take a pretty good size loss, as humans we tend to want to try to make it all back A.S.A.P. That one big home-run to recoup losses. I’d say try to just make a few good trades and safely work your money back. It keeps one from any more quick BIG losses and getting frustrated.
I hope some trades here can help- we need to get beyond next Sundays referendum and hopefully we get small trend higher in Miners. I like the current set up.
Thanks for sharing that ( And thank you to Beek for sharing this site!).
Alex,
I’m in agreement with you about a ICL having formed in the mining sector….I’ve been buying for the last week. But in case we are wrong, I’m curious how you set your stops, maybe this can be a topic of a future article. For example I have my stop for GDXJ set at 26, a move to 26 in my opinion is more than noise. A cycle should not be moving past the 20 DMA this early in a new ICL. Do you agree? thanks
Hi Harry,
Its a good question and how I set my stops often depends on the trade. Sometimes its a trailing stop, other times its just below an entry if I enter above the 20sma or 50sma …I may not want it to break back down, etc
Since you are talking specifically about Cycles here, I can say this (And you’ll understand)- There COULD be a possibility that GDX just made a high on day 14 and if it was a short cycle, it could dip down to a Daily Cycle Low at lets say day 21. THAT could drop GDXJ below 26, and then the 2nd Dcycle would rally upward.
I DONT EXPECT THAT, but just pointing out the trickiness of stops in an ICL when I want to be bullish on the 1st and 2nd daily cycles. . If its a R.Translated 1st daily cycle…you still expect higher highs on the second daily cycle.
Looking at GDX JUNE 2013 lows below , the STEEP selling into the DCycle low was that way, breaking below the 20sma but then it took off upside. One COULD plan on selling near day 16-18 & HOPE to hit the top and re-enter the DCL.
My stops are mental stops right now, and I usually can tell if its acting correctly or not. A break of the 20sma Should indivate that a dip to a daily cycle low is here, but a quick reversal also may happen…so I’d hinor your stop,ut stay alert for bullishness. I hope that helps? See the chart
Alex,
I’m in agreement with you about a ICL having formed in the mining sector….I’ve been buying for the last week. But in case we are wrong, I’m curious how you set your stops, maybe this can be a topic of a future article. For example I have my stop for GDXJ set at 26, a move to 26 in my opinion is more than noise. A cycle should not be moving past the 20 DMA this early in a new ICL. Do you agree? thanks
Hi Harry,
I do agree, this early it ‘shouldnt’ dip below the 20sma UNLESS its a short dcycle and is dipping to a DCL.
Its a good question and how I set my stops often depends on the trade. Sometimes its a trailing stop, other times its just below an entry if I enter above the 20sma or 50sma …I may not want it to break back down, etc
Since you are talking specifically about Cycles here, I can say this (And you’ll understand)- There COULD be a possibility that GDX just made a high on day 14 and if it was a short cycle, it could dip down to a Daily Cycle Low at lets say day 21. THAT could drop GDXJ below 26, and then the 2nd Dcycle would rally upward.
I DONT EXPECT THAT, but just pointing out the trickiness of stops in an ICL when I want to be bullish on the 1st and 2nd daily cycles. . If its a R.Translated 1st daily cycle…you still expect higher highs on the second daily cycle.
Looking at GDX JUNE 2013 lows below , the STEEP selling into the DCycle low was that way, breaking below the 20sma but then it took off upside. One COULD plan on selling near day 16-18 & HOPE to hit the top and re-enter the DCL.
My stops are mental stops right now, and I usually can tell if its acting correctly or not. A break of the 20sma Should indicate that a dip to a daily cycle low is here, but a quick reversal also may happen…so I’d honor your stop,ut stay alert for bullishness. I hope that helps? See the chart
Son-of-G,
For you from Bullion Vault. Apparently my lappie’s NetDania didn’t had that glitchy spike like the one you showed us.
“Late on Tuesday, one of the price data sources we use went awry. Around 10-11pm UK time…the “dead zone” between the end of US business hours and the start of Asian trade…it fed incorrect gold-price data to us and other companies as well. Silver was unaffected, but gold briefly showed above $1400 per ounce, instead of $1200.
“If only!” you might say.””
haha. …….. maybe that was a glimpse of the future.
Thx Matthew!
that explains my near heart attack experience.
Let us hope it is a glimpse,… but i’d settle for a slightly more gentle stair-step increase
Son-of-G,
For you from Bullion Vault. Apparently my lappie’s NetDania didn’t had that glitchy spike like the one you showed us.
“Late on Tuesday, one of the price data sources we use went awry. Around 10-11pm UK time…the “dead zone” between the end of US business hours and the start of Asian trade…it fed incorrect gold-price data to us and other companies as well. Silver was unaffected, but gold briefly showed above $1400 per ounce, instead of $1200.
“If only!” you might say.””
haha. …….. maybe that was a glimpse of the future.
Thx Matthew!
that explains my near heart attack experience.
Let us hope it is a glimpse,… but i’d settle for a slightly more gentle stair-step increase
Me too, not good to have gaps but if there are, I know what exactly to do
What is your gap strategy?
They don’t always close in the near term.
Alex, can you tell us how to identify a Major Cycle Low and Top?
Sorry , Not really. It would take a workshop.
Alex, can you tell us how to identify a Major Cycle Low and Top?
Sorry , Not really. It would take a workshop.
Hi Alex….. what I understand form you in your audio report this morning, every day and especial the coming days (Thanks-giving weekend) when there is NEWS (positive or negative) regards the PM, YOU WILL LET US KNOW ?
Have a wonder full thanks-giving. Warm greetings.
Well, My report said that I probably wont be writing anything more WED & FRI….what to expect is in that report. So I personally mentioned… “I’d buy the dips and at least have a small position at this point” in case of an upside surprise. I then pointed out in my report bullish signs (Again) that could give one conviction. It took $44 million dollars in 20 minutes to get that Volume in my GG example. Thats Smart Money I.M.O.
If you are nervous on Friday and have a position …YOU must do what you are comfortable with. Sell if you need to sleep at night. I basically said in my report that I probably wont have anything to report Friday (Its a 1/2 day of trading & so I likely wont have anything new to write. My report today covers Friday.)
IF I see something CRAZY happen…I’ll post. I mentioned that – So far , Fridays have been shake outs. I have to Expect it, and I mentioned it in todays report, so I wont write a report if we see it again. It is expected.
I will write a weekend report, that may be posted Monday Morning, Sell if you are nervous, hold if you have confidence
Have a safe weekend .
Hi Alex….. what I understand form you in your audio report this morning, every day and especial the coming days (Thanks-giving weekend) when there is NEWS (positive or negative) regards the PM, YOU WILL LET US KNOW ?
Have a wonder full thanks-giving. Warm greetings.
Well, My report said that I probably wont be writing anything more WED & FRI….what to expect is in that report. So I personally mentioned… “I’d buy the dips and at least have a small position at this point” in case of an upside surprise. I then pointed out in my report bullish signs (Again) that could give one conviction. It took $44 million dollars in 20 minutes to get that Volume in my GG example. Thats Smart Money I.M.O.
If you are nervous on Friday and have a position …YOU must do what you are comfortable with. Sell if you need to sleep at night. I basically said in my report that I probably wont have anything to report Friday (Its a 1/2 day of trading & so I likely wont have anything new to write. My report today covers Friday.)
IF I see something CRAZY happen…I’ll post. I mentioned that – So far , Fridays have been shake outs. I have to Expect it, and I mentioned it in todays report, so I wont write a report if we see it again. It is expected.
I will write a weekend report, that may be posted Monday Morning, Sell if you are nervous, hold if you have confidence
Have a safe weekend .
Indeed, the 3rd Friday might jinx again. Hmmmm one Friday beaten, second Friday shy, third Friday beaten sure to die.
Interesting to watch who brave hearts are tomorrow as results would be out after HK closes.
There would be tons of news when 5m Swiss takes on the world.
On the positive side even if snb wins, is the increased calls by more CBs to repatriate gold home led by Holland and voicing by French opposition now.
A win might contagios a repatriation effect and perhaps cause China to declare its holding to WGC and the US to show cause that it still has.
Alex, this one’s for you and all the nice ppl here who enjoy your site so much. I am playing around someone’s chart that its time line REVISED so often that many lost interest in that site
However I am assuming from 7 Nov with 1130 as major cycle low. Also I am assuming a 3 std deviation either side of the line chart.
We have interesting ‘rally’ for Chinese New Year which kinda coincide with Shanghai’s current rally going into CNY?
If my assumption of 3 std deviation from the mean is good, I expect +ve 3SD to 1600 around 2H Feb and then max -ve 3SD to 1200 into May…………….that would be the shake out as May is usually not friendly to PM.
CHINESE NEW YEAR rally along with Shanghai SE rally
here are the CNY rally histories.
My take is gold new cycle high commencement for next 12 weeks going into CNYear is delayed while $/DJ/SPX should begin their DCL (overdue)
The bottom which some say will come Jan came early on Nov 7………well if there is another down leg it is likely to be after CNY for 12 weeks into May/June?
Have fun with time line, who knows Gold is good for Christmas and CNYear…
fractal ?
CHINESE NEW YEAR rally along with Shanghai SE rally
here are the CNY rally histories.
My take is gold new cycle high commencement for next 12 weeks going into CNYear is delayed while $/DJ/SPX should begin their DCL (overdue)
The bottom which some say will come Jan came early on Nov 7………well if there is another down leg it is likely to be after CNY for 12 weeks into May/June?
Have fun with time line, who knows Gold is good for Christmas and CNYear…
fractal ?
Dear Alex….
This give me comfort what you say: “IF I see something CRAZY happen…I’ll post”. That’s what I trust you will do!
Again …. so as always…… many Thanks and a safe weekend. Greet your family.
Dear Alex….
This give me comfort what you say: “IF I see something CRAZY happen…I’ll post”. That’s what I trust you will do!
Again …. so as always…… many Thanks and a safe weekend. Greet your family.
This strength is despite Very unlikely swiss support on sunday. There will certainly be a poll, two, or three before weekend to test this mettle.
Yes, it seems that the NO VOTE is a given. There may be a knee jerk reaction when its all said and done, but the recent strength is not news driven, I think we go higher eventually. . A yes vote would likely cause a surge higher.
This strength is despite Very unlikely swiss support on sunday. There will certainly be a poll, two, or three before weekend to test this mettle.
Yes, it seems that the NO VOTE is a given. There may be a knee jerk reaction when its all said and done, but the recent strength is not news driven, I think we go higher eventually. . A yes vote would likely cause a surge higher.
ALEX….. GLD stuck between the 50 and 20 MA… is this bullish or bearish?
Have a great day tomorrow.
ALEX….. GLD stuck between the 50 and 20 MA… is this bullish or bearish?
Have a great day tomorrow.
IMHO a smackdown will be a buying opportunity. A no vote is the best result for gold as low sentiment = bottom. In other words the more bears in the swiss population the better. Nothing worse then taking the entire population of a country of a bull run as the idea of a bull market is to leave as many people behind as possible. A yes vote will provide a pop, but it will not last
Hey Richard …Thats my thinking overall…and thats a good observation on “Too many bulls in Switzerland = not bullish overall” . Good point. There is a smaller chance of shorterm (in cycles – an early Daily Cycle low) which would look on a daily chart as a Bottom and a “higher Low” . I’ve actually entertained a mini report tomorrow to cover that possibility.
Thanks for your input , best wishes
DEAR ALEX…..
Did you send it already?
” I’ve actually entertained a mini report tomorrow to cover that possibility”.
Look really forward to your report, if it’s possible.
Blessing…..
Alex, maybe i missed something but your audio link isn’t working. As always thanks for your great insights
DUY24
I apologize , but the audio isnt available at this time. I bought extra bandwidth the past 2 months and I received notification that it maxed out too. instaed of more funding, I am thinking of switching to buying video screen capture going forward. I DID make sure that I also wrote all that was needed to explain the ideas. I’m sorry for the temporary inconvenience.
Dear Readers,
I just replied to one reader who informed me that the audio is not working at this time…
I apologize for those who didnt have a chance to listen to it yet. I bought extra
bandwidth the past 2 months and I received notification that it maxed
out again due to high traffic (I view that as a pretty cool problem actually…thanks for all the interest)
. instead of more funding, I am thinking of switching to buying
video screen capture going forward. I DID make sure that I also wrote
all that was needed to explain the ideas. I’m sorry for the temporary
inconvenience! -Alex
.
Dear Alex…
Even on Thanksgiving I write you an
email. (we live here in Canada)
Hope you become not upset to me, I think you will not.
My question Alex is: Would you listen to this gracie guy what
and how he sees Gold? I think you can start @ 11.20 minuts.
https://www.youtube.com/watch?v=EnfUD7EjYaE
Question: What’s your take on this?
Like really to see your comments.
Have still a great day.
https://www.youtube.com/watch?v=EnfUD7EjYaE
Martin says gold pops next week….Alex’s candle’s lighting up folks
We should see a pop in gold going into next week.
The resistance stands at 1255-1275.
A closing for November above 1256 will signal a strong rally is possible.
A closing above 1241 will shift it into neutral for the seasonal rally.
Of course the fundamentalists will be projecting the new bull market as always so hurry up and jump in selling everything you own.
The timing is still unfolding as laid out and the real turn should unfold with the Benchmarks. We need the entire landscape to unfold to set the stage for the sustainable turn.
http://armstrongeconomics.com/2014/1…old-a-revival/
Martin says….next week gold pops
We should see a pop in gold going into next week.
The resistance stands at 1255-1275.
A closing for November above 1256 will signal a strong rally is possible.
A closing above 1241 will shift it into neutral for the seasonal rally.
Of course the fundamentalists will be projecting the new bull market as always so hurry up and jump in selling everything you own.
The timing is still unfolding as laid out and the real turn should unfold with the Benchmarks. We need the entire landscape to unfold to set the stage for the sustainable turn.
http://armstrongeconomics.com/2014/1…old-a-revival/
http://armstrongeconomics.com/2014/1…ld-referendum/