vt, I assume "flowing into the system" infers the flowing into the general system, not just the gold sector.
One thought I've had recently is that if the economy and markets do well, so may gold, but if not gold may tank right along with the rest of everything else. Two possible reasons for the positive economy/positive gold case - increased demand from all angles and inflation. Call it the positive/positive scenario. Everyone seems to have the idea that gold will do well in either positive economy or negative economy cases, but I guess I still question that, and so far have been in gold primarily from a TA perspective. Rarely is there a no lose proposition. Of late gold seems to have been more in sync with the rest of the markets as opposed to the opposite.
If say in the limit if things really tank, it is not immediately obvious to me that everyone will rush to gold. What are they going to buy it with? Debt loads are astronomical, in general, my opinion. The pumpster has not been pumping just because he is an idiot and likes to do it, as least I don't think so. He pumps because it is the least negative of the things he can do. Maybe in the end it all turns out the same anyway. (note I didn't say the pumpster is not an idiot - lots of double negatives?)
I don't usually use stops, but I'm pondering putting stops on all my remaining PM's. It will prevent me from loosing a lot of nice gains, if chit happens.
I do on the other hand agree that if there is another leg up in gold, it should be one to be in, for sure. It would seem we are due one as well. Maybe it would go along with what appears to me to be maybe a final blowoff in the general markets here.
I did go over Swenlin's stuff again. The OEX put/call ratio which has been a very interesting indicator continues to increase. It is getting high, but has of course gone higher. I'd say it is just real noticeable now. Usually smart money goes there and when the ratio peaks so to does the market, in sync or shortly thereafter. This I guess is in concert with the general COT's, where the comms seem to be shorting the crap out of almost everything. Likewise Swenlins trading oscillators, taken together, have rarely if ever been higher. When they have been like this, a top and strong correction was usually in the works.
Guess I think Slider's recent comments are correct as usual. Timing is the question.
Well just my 1 cent for today. But what the hell do I know? I've been having trouble getting everything right as well lately. I'm thinking of getting into this Elliot stuff much deeper. It might help keep a person more neutral and let one just deal with the market as it is.
Well, gotta go out and soak up some sunshine. Man is it beautiful here. Cool, crisp and deep deep blue sky.
Can you or anyone read German? What does this say?
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