Keeping in the loop, just is that we can still claim to be paying attention t the state of 'is' whilst on break ...
On 19 Jul 2019, at 4:21 PM, H wrote:
Here is a good analysis of the gold / gold miner situation from someone who actually understands the gold market. That is actually rare - most of the analysis I see, whether from mainstream or "alternative" sources, is produced by people who even after years of watching and commenting on the sector still don't know the first thing about what moves gold prices.
Now, in this piece the guy doesn't discuss gold fundamentals, but I know from what he has written about them previously that he actually knows what's what. This one is mainly interesting for the initial technical targets he proposes. Actually, this is quite useful and more or less jibes with my current thinking (which is, let us take one step at a time - as he says here, once we reach the target suggested by the current technical and fundamental backdrop, we will have to reassess the situation in order to determine if a long term bull market is indeed underway).
Anyway, bookmark the dude, he is always worth reading:
ino.com
On Fri, Jul 19, 2019 at 10:03 PM G wrote:
might be worth finding out if Gartman died, somehow. I won't lol. his presence has been nothing but bizarre, but to his credit "somehow"
On Friday, July 19, 2019, 2:36:02 PM CDT, H wrote:
I think it just means that ZH no longer gets his newsletter for some reason [redacted].
On Fri, Jul 19, 2019 at 9:26 PM G wrote:
YES! he fucking disappeared all of a sudden. even the bs networks apparently haven't been able to raise up for a profit, to them, giving comment.
wtf is going on there???????????????????????
this MUS^T be an indicator. It must be!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
On Friday, July 19, 2019, 2:23:24 PM CDT, H wrote:
Ah, Gartwit! :) Haven't heard from him either, probably for the best.... :)
On Fri, Jul 19, 2019 at 9:22 PM G wrote:
the one that gets quoted all the time and then you trade against him. wtf.
must go in for an Alz check up.
I thought you were in charge of the headliners. mea culpea.
On Friday, July 19, 2019, 2:13:24 PM CDT, H wrote:
Day-to-day volatility will be the new normal. Near the end of the bull market we should see daily ranges of $250 to $300 in the gold price (this sounds crazy now, but I history is backing me up on this idea). Please forget the idea that markets move because of "news" - they don't.
Who is what's his name?
On Fri, Jul 19, 2019 at 8:32 PM G wrote:
also, rather weird action today.. markets look like shit actually, FED has yet again this week made a fool of itself, BOJ is signaling rate cuts, Italy is looking like shit again, and ad infinitum, but silver break out is under pressure and gold heading for the doors for the weekend.
Whatever.
I should never lean bullish ever in anyway in a public statement of any kind. Have I not learned this fundamental lesson? obviously not.
By the way, did what's his name die? not a word about his longs or shorts in weeks now.
On Friday, July 19, 2019, 1:04:10 PM CDT, H wrote:
1. Some gaps are never filled. This one is very likely either a break-away gap or a measuring gap and may well remain open just as the gap in the DJIA in Dec. 1974 (only Prechter is still waiting for it to be closed...:))
2. the same thing happened with gold stocks in the 1970s after the mid-cycle bear market of 1974 to 1976. The reasons were the same: higher costs, share dilution during the preceding bullish phase, and investors not believing that gold would move much higher. They finally realized the error of their ways in 1978-1980. In the end, gold stocks made a new all time high 9 months after gold had actually topped out (!) - investors at the time thought it would go even higher.... (e.g. DRD was at $ 2 1/2 in mid 1978, at $32 1/2 at the gold peak in Jan 1980 and at $52 3/4 at the secondary lower gold peak in late Sept 1980).
On Fri, Jul 19, 2019 at 8:54 AM G wrote:
Huge open gap at 180. Would suck if that were to be filled.
Was at 286 in 2016 when gold was considerably lower, 1377/oz
638.59 all time high with gold at 1923/oz. |
