Loading ...Thanks for the update. The USD sure doesn’t act like it wants to move higher and for some unknown, illogical reason the Yen is on fire.
It appears the scum is going to try to hold the line at $1240 to keep us in a mini trading range.
Im in the RNO camp
Good luck to all of those who trade
Loads of big money has missed the Au move….and wants in
here is where some want to buy and u can bet that there are loads more wondering where to start.
Where One Swiss Bank Will Be Buying Gold
http://www.zerohedge.com/news/2016-04-06/where-one-swiss-bank-will-be-buying-gold
redneckokie1 @ 22:43 on April 6, 2016 …Sandridge
It looks like a BUY on MAY 1 (NOT NOW)and then again on JUNE 2 (a better BUY) then up about 400% with a top on sept 29 ..then down followed by a final Top on DEC 30 of 700 % ( from june 2)..Thats what My charts say …My crystal BALL !
My Charts on the Dollar
say it goes down from 4,6 until 4,13 about a week…..then up for about a MONTH until 5,15 at the end of which the Great BUll MARKET BEGINS in AU &AG …
Usdx
is now under all significant daily, weekly, and monthly moving averages. When the support at 94.00 goes out, 84.00 could happen sooner than everyone thinks.
the silver cup and handle bottom continues to evolve. A crash in the usdx would propel silver to the upside very quickly. It may also explain why grains aren’t tanking with very bearish crop and inventory reports.
cocoa is priced in euros and appears ready for another leg up.
i hope those of you who purchased Sandridge stock sold enough to be on house money.
rno, dodging prairie fires, tornados, earthquakes and bill collectors!
R640 – Whew, thanks
What would we do without Radomski? After all he is a Chartered Financial Analyst.
As usual, thanks for casting doubt.
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Merle Haggard — Are The Good Times Really Over
IMO not quite yet for goldbugs. In fact I think it’s now our turn.
Richard640 @ 16:06….It’s all how you interpret where the support and resistance lines are drawn.
Here’s my interpretation. Gold has broken out and is now back testing. Click the chart to enlarge. Silverngold
Richard640
As of now we can say there is a stand off…..who wins……. tdy the bulls are winning….There is no way to call this a bear mkt, as of tdy …shud the Scum crash the mkt, then we have to re-evaluate….but they have to take the lows out to call it a bear mkt…until then it is a correction.
Over and above all TA, is the “action”….as of now it is bullish.
Rickey, Re Gold Bull Mkt, I Called The Bottom On Dec Third
But on TV the other day, they said “nobody saw this coming”. So I guess I’m Nobody. You can’t rely on charts anymore. You have to know what the central planners are doing.
Deflation implies TPTB don’t know what the f-hell they are doing and big money people banks and gov’ts go to gold. NOT futures contracts unless they want delivery. Playing the futures market is like a carnival game. You really can’t win and are being used like a shock absorber.
Parts Below:
Gold futures settled higher Thursday, scoring their best quarterly performance since 1986—a year when “Top Gun” was the most popular movie.
Bullion has benefited as the Federal Reserve’s dovish stance on policy has softened the highflying U.S. dollar.
Technically, the metal “has started a new bull market in [the U.S. dollar] and is now catching up to the bull market” which was started nearly two years ago, Sebag said.
Meanwhile, Roy Sebag, chief executive officer of GoldMoney, told MarketWatch that gold prices have been climbing strongly not just in U.S. dollars, but in other currencies as well.
“Though it’s been only three months, gold is now up between 13% [and] 23% in the world’s major currencies, making one of the strongest movements in gold since it was demonetized in 1971,” he said.
More:
http://www.marketwatch.com/story/gold-headed-for-best-quarter-in-nearly-30-years-2016-03-31
Richard640 @ 16:06
That guy’s gonna be real disappointed if gold keeps going up … him and Harry Dent.
PS Evidently the HUI doesn’ need higher gold to climb.
Please, O please…don’t shoot the messenger–I have no opinion on this but would like to hear y’alls’
Once again nothing changed from this perspective and what we wrote previously about the above chart remains up-to-date:
(…) the outlook remains just as it was before this week began – it remains bearish.
The sell signal from the Stochastic indicator remains clearly visible and gold remains within the declining trend channel.
Although this year’s rally might seem big, gold actually didn’t even manage to move to the 38.2% Fibonacci retracement based on the 2012 – 2015 decline. Consequently, this year’s rally seems to be nothing more than just a correction within a bigger downtrend.
I remember the good old days
back when every time the Fed opened their yaps gold would get hit for a $20 minimum.
They sure don’t seem to be fooling anyone anymore.
packy @ 13:42
Interesting. I’d heard of the “Needle Park” in Switzerland previously but not of what happened to it. What a friggin disaster!
treefrog
“an upward bias”
I can live with that. 
Yeah I guess if the Yen’s increasing in value against the dollar it’s not so good for all the speculators who have borrowed yen to invest in dollar denominated investments.
Ipso @ 17:40 Needle Park
a little history
The Platzspitz park is a park in Zurich, located next to the Swiss National Museum.
History of the park goes back to the Middle Ages. Positioned between the Sihl and Limmat rivers, it was originally used as a hunting and shooting ground in the 14th century, and by the end of the 18th century the park was also adorned with beautiful Baroque architecture.[1]
During the 1980s, heroin addicts would frequently gather at the park, and attempts to disperse them merely resulted in them regrouping elsewhere. Thus in 1987 the authorities chose to allow illegal drug use and sales at the park, in an effort to contain Zurich’s growing drug problem. Police were not allowed to enter the park or make arrests. Clean needles were given out to addicts as part of the Zurich Intervention Pilot Project, or ZIPP-AIDS program.[2] However, lack of control over what went on in the park caused a multitude of problems. Drug dealers and users arrived from all over Europe, and crime became rampant as dealers fought for control and addicts (who numbered up to 20,000) stole to support their habit. The once-beautiful gardens had degraded into a mess of mud and used needles, and the emergency services were overwhelmed with the number of overdoses, which were almost nightly. Platzspitz, or Needle Park as it was then known, became a source of embarrassment to the Swiss government and in 1992, police moved in to clear up the park.[3]
Today Platzspitz has been cleaned up and restored, and is presented by the authorities as a peaceful, family-friendly garden.
ipso,
if the light’s right, and if you kinda squint, that chart might be an inverted head and shoulders pattern forming …kinda on an upward bias
the dollar/yen ratio fell off the 110 cliff early this morning.
Maddog
“going sideways in overbought situation” yes a good sign of strength!
This is going to be a good year for us. I feel it in my bones!
I like Jesse’s cup and handle chart:
Cheers
bbl
Ipso-facto
Big picture looks v good, we are working off the O/B situation by going sideways, which is a v strong sign.
There is obviously big buying out there, only the Scum is holding it back….and again Dollar has gone soft, that isn’t in the playbook either.