Posted by Farmboy
@ 8:23 on February 4, 2016
”
More than 2.5 million gun background checks were performed in January, a record for the month, according to FBI statistics.
The number was lower than the 3.3 million all-time record set in December, but the most for the month of January in any year since the checks began in late 1998.”
http://www.newsmax.com/Newsfront/gun-background-checks-surge/2016/02/03/id/712614/
Comment: I am guessing Obama is going to receive the ‘Salesman of The Year’ award from the NRA once again. I look at the VIX to see how the markets may be doing, how much stress or fear is in the markets. I watch the gun sales figures for a similar reason, to gauge the ‘stress’ of Americans. I would say the ‘Fear Factor’ is high in both accounts. Got Gold ?
Posted by Farmboy
@ 8:07 on February 4, 2016
Ole Wanka called it right, 1150 gold on Friday. Course, that was last Friday, but whats a few days amongst friends eh?
Let me ask you something, is gold and silver about to get serious about a launch this time? What is your gut telling you?
Posted by Farmboy
@ 8:03 on February 4, 2016
Posted by Buygold
@ 7:59 on February 4, 2016
Thanks for the cup!
Who would’ve thought we’d wake up to see another USD smash and some gold strength? Not me.
Posted by eeos
@ 7:51 on February 4, 2016
You didn’t miss much since you last poked your head into the tent. I wish you’d take your ball cap and smack people over the head sometimes for me.
Looks like the dollar flag was just testing fakie flag break out territory.
Posted by Farmboy
@ 7:45 on February 4, 2016
Good Morning Gang ! Buygold, this first cup is for you buddy.
Posted by WANKA
@ 6:34 on February 4, 2016
when posting the pictures they should not exceed 600 on the scale or they will overshoot the frame and do a big gap in the site body. 
wj
for size adjustments of any pic you use out of your pictures file. here is a screen shot below. note the 600 size drop down and silver chart size resolution.
click on for full page enlargement.
wj
Posted by silverngold
@ 23:05 on February 3, 2016
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Posted by newtogold
@ 22:15 on February 3, 2016
Posted by Farmboy
@ 21:53 on February 3, 2016
Posted by goldielocks
@ 21:53 on February 3, 2016
Yeah in HUI, I see resistance about 133 something so it’s right there.just checked lol The Dow was just after the morning rush candle watching. Selling was drying up that’s all. I’m not strong on bonds don’t know much about them so hard to read into anything with them. Guess I’ll have to go to Barnes Nobel pick one up about them. I know the general cause for them but number meaning I don’t know. Was just there with grandson today getting a science book for kids. They want to use the internet for everything now so trying to get him to value books too. He likes the Huck Fin type books though and the ice cream shop next store. Hey what ever works.
Posted by Buygold
@ 21:38 on February 3, 2016
Good call on the DOW, I didn’t think it would come back today. As for gold, I’m not sure it’s predictable to the upside, so I was pleased to see it sort of hold up although I did think it should have been up more. As for the shares, they had a great day but the HUI has big resistance at 135 – chart wise, sooo… I expect it will be sold there. JMHO.
Anyhoo, something appears to be breaking in world markets because there is no way that the 10 yr. yields should be stuck at 1.86% and not have risen with the SM.
Currency wars appear to be game on, whether that will ultimately be good for gold in USD terms is anyone’s guess. I sure don’t know.
Best
Posted by goldielocks
@ 21:38 on February 3, 2016
I can usually figure his posts going forward but he appeared to disregard this move esp on Hui. What if it doesn’t move with equities? Not saying it couldn’t but it could start move against it just as well like now.
Naturally, the gold promoters are out in force. The problem with their theories has always been that they are dead wrong. The REAL BULL MARKET will see the metals rise with equities. Right now, they focus on the stock market and yell “buy gold” because a depression is here. Here we need to see a weekly closing above the 1143 level to raise any hope of a temporary low. Without that, we have a turning point in February which can be a high with a low moving into the next Benchmark target. A closing for January below the 1103 level will warn there is inherent weakness still lingering within this market.
Next month, watch the 1097 level for that is key support. Break that and it’s looking into a low into the second benchmark.
Here wrote this around Jan 29th then today he wrote and note everyone has there own resistance and none has been right 100 percent.:
Gold is slowly and begrudgingly moving to test the key resistance. We need a weekly closing ABOVE 1143 to push higher. The band of resistance begins at the 1156 level followed by 1170, 1175, 1184 and 1208. Only a weekly closing above 1208 would hint at a more sustained rally.
The directional change we had for the week of January 25 performed as expected. The previous high of January 8 at the 1113 area was penetrated on Tuesday, January 26. This was a breakout to the upside fulfilling the directional change meaning the sideways consolidation came to an end and the market made its move to a new trading level. The panic was a big move in one direction, rising from the close of the previous week at 1098 reaching a high, at first, around 1128.
Now we are looking at caution being advisable as we enter February.
This entry was posted in Uncategorized and tagged Gold by Martin Armstrong. Bookmark the permalink.
Posted by goldielocks
@ 21:18 on February 3, 2016
DOW and gold that’s about right. At about 10 am texted a friend. Said watch the DOW have up day soon or tomorrow just checked now it was soon but still not out of woods and consolidating. On gold I which this person doesn’t like due to volatility I said Gold choppy and expected rise
May be topping for now or close.
I think the trades will slip by people and later maybe leave them standing at the station expecting it not to last.
It may not yet until in sync with market can’t be sure though about that yet.
Then on que here comes armstrong with a warning it could be topping for now. That’s what I fear with charting but still think above. He said something like expected but I didn’t read anything prior to that expecting a bounce. Personally I don’t see it as a bounce but the beginning as people start waking up no matter what they do for now bouncing it around. It just might at some point bounce right out of their greedy little hands.
Posted by silverngold
@ 19:40 on February 3, 2016
According to reports from “health authorities,” the Zika virus is now a sexually-transmitted disease in the USA.
They’re also concerned that Zika might have already infected the emergency blood supply.
But we’ve heard this tune before… are we all being PLAYED by the CDC, the WHO and other vaccine pushers?
Funny how the so-called solutions to every outbreak turn out to be more vaccines, more pesticides and more GMO mosquitoes…
Click here for my full story.
Posted by Buygold
@ 18:08 on February 3, 2016
Every market is nuts. The DOW could easily be down 300 tomorrow, for it to come back like it did today was just surreal and made zero sense.
GDX had massive volume today 120 million shares, 21 million at the close. Who the hell knows.
Gold closed above the 200 dma but could easily get smashed back down tomorrow.
The USD was a head scratcher unless we buy the idea that Dudley just sent the signal that the Fed was about to reverse course.
I guess only Lloyd and Jamie know for sure. Absolute craziness.
Posted by silverngold
@ 18:03 on February 3, 2016
Use scare tactics to intimidate ranchers and militia into standing down after they murder one innocent good hearted rancher they have been harassing. This can only end badly!!
Posted by redneckokie1
@ 17:46 on February 3, 2016
If she has another tie, I volunteer to flip the coin. She will get another very low percentage result.
rno
Posted by silverngold
@ 17:45 on February 3, 2016
Posted by goldielocks
@ 17:21 on February 3, 2016
East Oregon they’re picking out another rancher. When will people wake up.
Oregon Grass-fed Ranchers Face Criminal Charges for Grazing Animals
Posted by old-timer
@ 17:17 on February 3, 2016
Posted by ipso facto
@ 17:16 on February 3, 2016
Posted by ipso facto
@ 17:12 on February 3, 2016
Posted by Maddog
@ 16:38 on February 3, 2016
Was short SM into close…like an idiot….unreal buying going on ….Scum were going crazy, but as u say Dollar falls apart…PM’s bid etc….they are fighting on all fronts against everyone….and yet the mkts are running over them.
Lots of signs that they have blown it…see Gross tdy…..mocking their failure.
http://www.zerohedge.com/news/2016-02-03/bill-gross-trolls-addled-impotent-central-bankers-asks-hows-it-workin-ya
Posted by Ororeef
@ 16:36 on February 3, 2016
PUT a 30% TAX on all those TAX FREE FOUNDATIONS that the Democrats RUN …..Tax the LIKES of SOROS and Clinton Foundations…even the Ford and Rockefeller Foundations are RUN BY LIBERALS …TAX FREE …THere all a scam to support Liberal crap ……
The Budget could be balanced in ONE YEAR ! by taxing Foundations !
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