Medusa Share Discussion Threads

[abacus23] 06/11/2015 12:42

Oh.

deka1. I've topped up recently. ;) Brings the average down.

Do you think we'll have a re-test of the bottom 35?

[deka1] 06/11/2015 12:10

The NFP numbers will be whatever they invent lol like everything else, no basis in reality.

[abacus23] 06/11/2015 11:40

Are we expecting a low jobs number then?

That way gold can run to 1180 and then drop slowly over the next few weeks. ;(

[deka1] 06/11/2015 10:53

Hi Neil , if they increase by 0.25 from Jan 16 to 2020 they rate would be increased by 1% over four years , time enough for things to adjust imo, perhaps wobbles in the bond markets lol, the mortgage rates will follow these small 25point moves , so wages would need to increase over the time, to protect the housing market.
Any rises bigger than 0,25 , then all bets are off, I mean if they increased by 3 to 4 % over that time it would cause mayhem.

[stevea171] 06/11/2015 10:03

Desperate or what ..... ?!!!

Something big n bad coming that the CB's need gold and silver smashed as never before before the news hits?

Jason Goepfert at SentimenTrader: “As noted yesterday, gold had declined 13 out of 15 days, a rare level of selling persistence. It dropped again on Thursday, making it 14 out of 16 days. The last time that happened was…never. There has never been this kind of concentrated selling pressure over a multi-week period.”

[nielsc] 06/11/2015 09:06

Deka,I don't think they can do an interest rate hike without bankrupting themselves. They could always print more, but then the dollar will go the way of the Zimbabwean dollar!See MML showing a little strength last night.Cheers,Niels

[deka1] 06/11/2015 06:27

hi Neils , thanks , I agree the move in int rates will be next year , perhaps January, and the new gold exchanges opening in the East could be a game changer for the pricing of gold.

[nielsc] 06/11/2015 00:34

deka1,

Will be interesting to see the NFP tomrrow. Will probably give the FED an excuse to move the huge 0.25% interest rate hike into 2016 (and then on from that as they can't do it).

Have you noticed that the HUI and XAU indexes haven't declined anywhere as much as gold. Get the feeling there are now more people willing to hang on in there.

Cheers,
Niels

[stevea171] 03/11/2015 19:49

Fund Manager Asks: Is Andrew Maguire Credible?
Posted on November 3, 2015 by The Doc

As for Andrew, I had a long phone conversation with Eric King this past summer about Andrew. Eric is adamant that everything Andrew says is based in fact. [note: I came away from my conversation convinced that Maguire’s intel was bona fide. As Eric and I discussed, the cartel has the backing of the U.S./British/EU Governments, which makes it impossible to predict the timing on actual occurrence of the events that we know ultimately will occur]

It’s hard to know for sure because Andrew references a lot of information that we have no way of verifying independently. For instance, he asserts that liquidity is leaving the Loco London market. Is there a way to verify this other than to have faith in Andrew’s assertions? If there is I’d love to see it.

Having said that, everything Andrew is talking about is exactly what Frank Veneroso said would eventually happen back in the late 1990’s. Frank never laid out “who and how” but he said eventually the western banks/CBs would be unable to contain the physical market with paper because the demand for physical would blow up the paper suppression schemes.

Here’s the other key assertion that we have no way of verifying: “the aggressive and predatory bullion banks that largely infest the swap dealer category of the COT report recognize the gold market has changed and are about to split ranks and reposition more bullishly, a position they would already have if they had not accrued such large underwater proprietary positions”

If you guys have any way of verifying that assertion, then we would know that Andrew is 100% bona fide.

At this stage, I have no reason to disbelieve Andrew based on my own observations and research into the precious metals market. I really want to believe everything that he says is happening right now, but I’ve been taking a wait and see mind-set with regard to his assertions.

[abacus23] 03/11/2015 18:00

Well it's testing the trend line now.

Gold down 1.5% today.

[abacus23] 03/11/2015 15:49

atlantic57, i'm with you.

i don't think we are on a rising trend line today, i have rising trend line at 1117 today.

Looks like a 1100 re-test to me, its broken the 61.8% fib and usually that means a full retraction to the start of the trend.

[atlantic57] 03/11/2015 15:26

I Lost alot we seem to be at 1126 i am not with you are saying we will hit 1120 and bounce up ??

[ilostthelot] 03/11/2015 15:23

Gold chart looks to be right on a rising trend line.I expect a decent bounce from here 1120 today or tomorrow.

[stevea171] 03/11/2015 15:08

Cabal has the pedal to the metal ....!!!

Crimex manipulators continuing to paint the charts so the lower lows and lower highs encourage traders to follow the st trend and continue the sell off of PM's and miners.

Rather than face a break out from the 200 DMA's the Cabal set in motion last Wednesday this latest wash and rinse extended cycle following the FOMC decision to continue to hold off on a rise in US interest rates.

[stevea171] 03/11/2015 14:47

BITCOIN PRICE EXPLODES HIGHER – GOLD AND SILVER NEXT?
NOVEMBER 3, 2015 / JEFF BERWICK

We spent much of the summer telling people to get into bitcoin for a number of reasons I’ll go over below… and I’ll expand on where I think it, gold & silver and the markets are going next and how they are all interrelated.

To begin, though, bitcoin has skyrocketed higher, up $55 today alone to $370 and up $132 in the last month.

Bitcoin is up 55% in just the last month and is the best performing asset class in the world during that time.

And we called it.

Did your financial advisor tell you to get into bitcoin? How about your older financial newsletter writer who is not even quite sure how email works yet? Or how about some Austrian economists (not all by any means) who are focused on gold and silver to the exclusion of all else. These individuals have forgotten what Murray Rothbard said: Anything can be “money” if people accept it.

And bitcoin is surely becoming money. People are willing to pay a lot for just one. Please internalize this. Things are changing fast and you need to change along with them. What is going on in bitcoin is just a part of the bigger picture. Here’s why.

BITCOIN IS THE CANARY IN THE COAL MINE

Over the years I’ve pointed out that when events, such as the Cyprus bank “bail-ins̶1; occurred, how gold and silver should have risen dramatically… but didn’t. While during the same time period bitcoin tripled in price. And the reason I said that happened was because bitcoin is nowhere near of a controlled and manipulated market as gold and silver.

In that way, I see bitcoin as a canary in the coal mine. It had leveled off and stayed near $230-$250 nearly all year, which prompted me to give the “all clear” on it this summer for new investment and now it is literally skyrocketing.

I think this very well could be a presage to a major market event. By nearly every metric the markets are massively strained. The US markets had an excellent dead cat bounce since the crash in August but it could well be a set-up for a second, larger “event.”

By the end of this year,or even sooner, gold and silver could have have followed bitcoins’ lead higher – while fiat-based currency continue to degrade.

MONETARY, FINANCIAL AND ECONOMIC CHAOS AHEAD

Bitcoin is just one of many indicators that markets may yet again be close to the top and ready to correct – good and hard..

The gold and silver mining stocks are also showing life for the first time in years. Just recently, a junior miner recommended by TDV Senior Analyst, Ed Bugos, nearly doubled in less than two weeks from the end of September until the first week of October. It has pulled back since then but if gold & silver have breakouts this month we can expect additional significant gains (1,000%+ is not at all out of the question).

Get informed and positioned now for what I expect to be a wild ride for the rest of the year and 2016 to be a bloodbath for those not positioned correctly.

hxxps://www.dollarvigilante.com/blog/2015/11/03/bitcoin-price-explodes-higher-gold-and-silver-next.html

[abacus23] 03/11/2015 14:04

Looks like gold is heading to test 1100 support.

Will support hold for Medusa, supports at 0.50, 0.465 (61.8% fib) gap at 44.

Although the report of 31,500 ounces was brilliant, will it be enough?

[deka1] 02/11/2015 16:41

Yes Chip , another reason , and you know what I think that reason is lol a deal with the Yankers .

[chipperfrd] 02/11/2015 15:43

It is instructive to see the pattern of Chinese retail demand (as reflected in the withdrawals from the Shanghai exchange).

Their average weekly consumption of gold has been 53 tonnes per week so far this year. And yet their buying peaks have exactly coincided with the lowest price drop cycles that have occurred during the year. ie.

73.69 tonnes over week ending 11th September when gold reached US$1,101/oz.
73.29 tonnes over week ending 24th July after the Sunday night knock-down on the 19th when gold ended the week at US$1,083.9/oz.

If past performance is to be our guide then we might expect a similar surge in Chinese buying when this particular down-trend finally bottoms out.

So, the COMEX knocks the price down over a multi-week cycle and Chinese buying soaks up a lot more additional physical metal at the very lows. Either they are particularly good at timing their purchases (unlike the western markets) or there is, perhaps, another reason for this particular correlation!
Chip

[chipperfrd] 02/11/2015 12:50

Worth bearing in mind some simple arithmetic:

The per capita purchase of gold by the populations of China and India combined which will consume ALL the annual mine production is only 1.1 gramme.

At the current gold price that would be a per capita outlay of just US$40.3 per annum. And these are both populations which have a long history of valuing gold/silver above their own currencies.

If one takes a global view, then the per capita purchase would be only 0.4 gramme at a cost of US$14.6 per person.

Given that just about every currency on the planet (except for the USD and those linked to it) are falling significantly against gold, it would appear that the process is already well advanced.
Chip

[deka1] 02/11/2015 10:24

drop in gold from the week end intra day high of 1180 has caught up with the ozzy golds , and still dropping.

[arja] 02/11/2015 07:09

atlantic57 - no, but I do trade using charts and especially the intra-day chart . So I do my own "research" but sometimes nice if Twigg comes to the same conclusion as I have as gives me more confidence entering a trade, eg MML today was looking bearish short term and it is a stock one is allowed to short unlike some .
i think gold price has turned the corner maybe for medium term but far from certain . OZ market hammered today !