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Strategies & Market Trends : The coming US dollar crisis
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3bar
To: Real Man who wrote (57156)3/10/2015 11:09:25 PM
From: ItsAllCyclical1 Recommendation   of 71407
 
Have said before the bigger the potential problem the more gold is smashed/sat on. Despite rhetoric to the contrary Euro does have fundamental flaw and Greece solution only postpones the inevitable for a measly 4 months. Draghi going to have a hard to fully implementing QE per ZH and bond yields are quickly going negative due to front running. Epic distortions/bond bubbles shaping up everywhere. Great post on your part. Gold can go under $1,100 as you say they can push things where ever they want ST. But more than half the sector cannot survive even w/high grading below $1,100 so it won't stay there long. Reversal will be very quick when it comes. FED rate hike was inevitable even though they'll be lucky to get it to 75 basis pts let alone 100. The recent gold smash has everything to do w/algo simply hitting the tape due to falling Euro and headlines about strengthening US economy. Latest smash hit sector with little differentiation. That's the kind of action you see in a final washout. About 10-15% of the sector is well prepared for $1,000 POG and can survive 1-2+ years of it if need be. The rest is iffy or poorly run. But to the algos picking winners and losers doesn't matter when you can make the market purely thru momentum and brute force. This is one of my fav LT charts. Reversal is coming. Look at MACD divergence on weekly even if we smash lower here for the next few months there's little chance we take out 2013 low. Bar keeps getting lowered on when LT non-gold bug comes flooding back into the sector in a world awash in 1% to negative rates.

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