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More McClellan from Crash Davis chez Wolanchuk

Posted by Richard640 @ 22:50 on February 27, 2020  

Maddog–Captain–this one’s for you off the Wolanchuk site

Posted by Richard640 @ 22:38 on February 27, 2020  
HI Breeze,

In short are you saying the recent SPX high (3393.52 on 2/19) was the end of a B wave of a an irregular expanding flat. The B wave top extended higher than the start of the A wave down on 3337.77 on 1/22

To fulfill the irregular expanding flat definition (in a bullish market), The low of the C wave must go below the end of the A wave. Which means the C wave low must now reach below the end the A wave (3214.68 on 1/31) .

Mission accomplished


Clx says we’re well into a climatic decline and closing on the end of it, eerily similar to that of December 2018.

If it gets worse than that, tomorrow will tell.

5 day trin in the 2018 decline was a high of 7.25.

Yesterday’s 5 day trin was 6.71. The last hour today was a doozy. I bet it gotto the 7’s again.

If like December, the bottom goes in tomorrow with a weak sides ways to down day. No one will trust it as a bottom, for the next 5 to 6 trade days.

Before I do any dip buying, I’ll wait for clx to turn slightly positive and almost drift sideways till the supermoon on the 9th.

Let’s hope the deep slide of this flat disappears like a pimple on the azz of an elephant. <smile>

Hail to da cheif!



Latest Intellectual Froglegs

Posted by commish @ 19:16 on February 27, 2020  

Crash and Bernie

Click Home



Heating up … I would venture to say that Turkey and Russia ain’t best pals anymore. Gotta wonder how those S-400 missiles Turkey bought work against Russian aircraft?

Posted by ipso facto @ 18:09 on February 27, 2020  

22 Turkish soldiers killed in Syrian gov’t air raid in Idlib


Up a $1.70 after hrs…I rest my case…

Posted by Richard640 @ 17:54 on February 27, 2020  

Credit Suisse VelocityShares 3x Long Gold (UGLD:NASDAQ)

Real Time Quote | Last NYSE Arca, VOL From CTA | USD
Extended Hours | 4:12:22 PM EST
+ 1.70 (+0.99%)
Close | 4:00:00 PM EST Volume 52 week range

-0.99 (-0.57%)
88.43 188.79

I have never seen such extreme divergences in gold as I sawr today…

Posted by Richard640 @ 17:26 on February 27, 2020  
Ok…Ok…I don’t give a crap! I am reissuing my RL640 buy call on gold! I just got home and saw the incredible…the outrageous HUI=
HUI down 17.25 or 7%…gold futures as I write up $3….the dollar index DOWN .477–these are extreme divergences…maybe a historic day…
[$ index]
as for stocks, the tic, trin and ad line didn’t confirm the decline…

Until they can get Gold back below 1590, it is coiling to break higher

Posted by Maddog @ 16:18 on February 27, 2020  

and if it does, it could just keep going……today may yet be a pyrrhic victory.

We are HERE

Posted by ipso facto @ 16:04 on February 27, 2020  

scum have resorted to what I feared…the Samson defence

Posted by Maddog @ 16:03 on February 27, 2020  

If the SM is gonna die, then so is everything else…..

Burger Flipper Versus Mail Man? Who should get paid more?

Posted by Mr.Copper @ 15:08 on February 27, 2020  

A grown adult with a small truck, (wasting gas) just drove up in front of my place, and put a Bobs Store circular in my mailbox. The much lower paid burger flipper works a LOT harder all day than a “delivery boy” mailman.

Every body MOANS when they hear about a burger flipper getting a raise. “Oh geez the burger is going to cost $12.” No it won’t. The owner will make less profit. They can’t raise prices.

Well, what about your various taxes? Village county, state, federal?  Nobody complains, probably because 50% of the population works for and gets well paid by the taxpayers. They actually pay taxes to themselves.

This whole financial system regarding values of many things is all distorted. The system has been “worked on” so many times and the condition is getting worse and needs to be replaced with a new one. This system is like a car with 300,000 miles on it but it half ass runs. 🙂

Also, picture the whole global economy as a CAR, and picture the USA as the “Battery”, and the battery after 50 years of abuse needs to be replaced instead of keep recharging it so many times. This is why they are hell bent in stimulating the US economy.

The global economy simply needs a new battery.  Even for China to continue doing good.


Folks….check out the Shanghai Comp on a daily chart

Posted by Maddog @ 14:57 on February 27, 2020  

we think the scum are active …just look at what the Chinese scum have done…..just


R640 – yes

Posted by Buygold @ 14:51 on February 27, 2020  

This is exactly like 2008-09’

Shares get absolutely crushed, now we’re even seeing the “liquidity” rush come in and sell GLD. I guess to meet margin calls.

Meanwhile physical gold around the world is flying of the shelves, but that doesn’t matter to a market that is controlled by paper and probably always will be.

The Fed will arrive shortly then we’ll see how pm’s react but $3K, much less $10K is pure fantasy in my lifetime.


Looks like no last hr rally–bonds back up 15-16 bps…unbelievable=the HUI down 11.29

Posted by Richard640 @ 14:23 on February 27, 2020  


Doncha love those gold huckster ads on Tee Vee…that gold is the way to protect your assets…this is beginning to look like 2008-9 all over again


Posted by newtogold @ 13:04 on February 27, 2020  

Like some of us here, I occasionally read some comments on the “rogue” tenters site. My point for bringing this up is to comment on the way “they comment”. Comments go directly to a “comment” section on the post. Keeps everything in a neat little package and one does not have to scroll around to find the original post. Now it can have its drawbacks that people cannot see the “commentary by these posters” unless they click on the comments section but I think most will do so if the original posting inspired their curiosity. Just a thought that might be worthy of a vote or not. Question is can this be done by our guy who sets up our site. If so, I, for one, think it would be an improvement.

Buygold=HUI down 10.5??? Obviously my…ha ha!…”buy signal” didn’t work

Posted by Richard640 @ 13:03 on February 27, 2020  

The last hour could see everything go -green–the DOW was down only 200 and the trannies were up 33 pts=that’s 540 pts off the days low…now the DOW is down 256-it was just down 380 a few minutes ago..when a steep sell off bottoms there’s lots of disbelief and yo-yo business before the indexes all turn up–

the 10 yr and 30 yr are red by 5 or 6 bps…tranniees down only 14…


In The Beginning There Were Countries, Then All Countries Living As One, Now We All Have The Same Problems

Posted by Mr.Copper @ 12:21 on February 27, 2020  

The above is one sample of LEARN, UNLEARN, and RELEARN, why everything WAS the way it WAS. This is a very common sequence or long term procedure. Sooner or later, the world master planners will RELEARN why Gold and Silver were used as money.

ZERO inflation 1800 to 1934. No “wheel spinning”. No greed. No such thing as assholes with money like George Soros. You had to make cars or railroads, or steel mills, or oil wells. No such thing as Naked Shorting the British Pound, or buying Apple stock and getting rich.

California case

Posted by goldielocks @ 12:07 on February 27, 2020  

Of Coronavirus saying not linked to travel. Theres Chinese here too as well as casinos they like to go to. People go to Casinos just for the Buffet. Stores, shopping or anywhere. Someone could have been infected by casual contact.
I saw a video think it was NY China air was supposed to be closed but wasn’t. That what they were doing is going to Europe then lying about where they came from coming to the US. Probably how the outbreak got started in Europe.

Watch Out For Fake Gold and Silver Coins From Our Most Favored Nation Trade Status CHINA.

Posted by Mr.Copper @ 11:47 on February 27, 2020  

Could even be bad Americans having them MADE there and importing them for resale.

Not all gold coins weigh the same, even if they contain the same gold content, so it’s important to know in advance how much an authentic gold coin should weigh. One ounce 24k gold coins, such as Canadian gold maple leaf coins, should weigh 31.1 grams. 22k gold coins, such as American gold eagles and South African gold krugerrands, weigh 33.93 grams. $20 Liberty Head and St. Gaudens gold coins weigh 33.43 grams.

However, if the same metal used to produce the authentic gold coin isn’t used in the production of the counterfeit coin, then the diameter and/or thickness of the coin is unlikely to match the specifications of the authentic coin.

How to Avoid Becoming the Victim of a Fake Gold Coin

When will FAKE end. Fake news, fake jobs, fake boobs, fake wooden fences,


Posted by Maddog @ 11:26 on February 27, 2020  

The scum have lost the plot, they have lived so long with gaming the No’s and triggering the Algo’s etc, …they have no idea how to deal with non stop v bad news.

At some point someone important will ask why, Gold is trading like this.

All they can do is print, drop rates and kill PM’s …..but that won’t help here…..the mkt Gods have got them cornered, with no way out…..

ipso facto @ 10:28 re Treaty To Expire, Here’s Another Reversal, That Was Blocking Our Exports

Posted by Mr.Copper @ 11:16 on February 27, 2020  

It’s going to get a lot easier to export some firearms from the US due to a new Trump administration rule.

  • The movement in jurisdiction of certain firearms sales from the State Department to Commerce Department means U.S. manufacturers will have fewer registration requirements in order to obtain an export license.
  • The long-delayed rule change, which began under the Obama administration, is intended to lower costs for U.S. firearms makers such as American Outdoor Brands Corp. and Sturm, Ruger and Co.
  • In May 2018, Trump formally proposed streamlining the process for exporting American firearms.

WASHINGTON — In a move aimed at boosting the sale of U.S. firearms and ammunition abroad, the Trump administration has eased regulations on some commercial firearms exports.



Posted by Buygold @ 11:09 on February 27, 2020  

Yeah, they’re going to take gold negative here, they already have taken silver out. That’s why they’ve trashed the shares so much this am. Classic scum.

Maddog, Hook

Posted by Buygold @ 11:04 on February 27, 2020  

10 Yr. @ 1.25% – Unbelievable

scum hard at it

Posted by Maddog @ 11:02 on February 27, 2020  

Gold just had a v nice break out on the Hourly chart….and just got crushed, by the scum, as they rammed the SM back up and Bonds.

It get’s worse……this will not end well…..but will there be any mkts left….that i doubt, as the scum are out of any control.

there is no logic, just manipulation and panic here.

Posted by Maddog @ 10:54 on February 27, 2020  

seems PM shares could be weak due to fears the virus will get into a mine and shut it down….which could easily happen…but then the price of the metal will sky rocket, offsetting the shutdown….

No the shares are looking at the way the scum are sitting on the metal and realise prices are going no where.

Buygold @ 10:33

Posted by Captain Hook @ 10:54 on February 27, 2020  

Ya you are right. It might not go down that much (10%? 20%?) and then when stocks do find a bottom look out to the upside. And PM stocks would outperform. Only thing is, in both 2000 and 2008 it took 6 months from when stocks topped for PM shares to find a bottom. And today investors have less cash than back then. Can’t count on our bankers / fund managers to buy PM stocks with their printed money, so aside for bullion, one could still be cautious for a few months (who knows?).

I intend to start chipping away at the stocks again if we get a good crash next week.

That’s all I know for now cuz if stocks bounce they could trash PM’s again with the bubbles in Comex gold and silver.

Who knows at this point?

Need to watch things closely now and roll with the punches.


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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.