13 thoughts on “MARKET WRAP

  1. Bill in Tokyo

    Thanks Gary! I myself like these video formats.

    I have to say, I wonder which is harder, trying to figure out cycles in these manipulated markets, or smearing a 5.12d lead onsite climb?! 😉 But, you are doing it, so well done.

    1. Gary Post author

      I’ve more or less given up on cycles in gold. It’s just too easy for the bullion banks to stretch them to whatever length they want. I’m mostly just following the COT reports and sentiment now, but neither one of those are great for timing.

      Cycles are still working pretty well in the stock market, plus you know the Fed has your back so it’s easier to make money in that sector, and that’s where I’ve been focusing and recommending traders focus for a while now.

      1. David Silver

        Surprised you don’t focus on energy trends. Seems the most predictable and profitsble with less manipulation.

        1. Bill in Tokyo

          David, he did try – see http://blog.smartmoneytrackerpremium.com/2015/11/smt-portfolio-update-3.html

          Muff, I had to give myself a time out. I was listening to so many folks that I had no clue what I actually thought, about trading that is.

          Gary, I hear you, but please don’t give up on PM cycles just yet! When I look at a monthly chart of $GOLD, it looks like your old D wave down, and maybe a longer cycle still works, and you can buy’n’hold Ol’ Turkey. Take a break, then take a look again in early Jan. Remember though, that even if cycles are stuffed for now, you’re still the best PM trader on Planet Earth. Just gold is going down is all. Take a break.

      2. Jorgy

        That’s why they call it a bear market. Thanks for hanging in there and rolling with the punches. The credit cycle has rolled over and massive bankruptcies and liquidations are coming in 2016. The best thing that everyone can do is stay away, quit trying to pick a bottom and embrace the final phase of the bear. 🙂

  2. Jay

    Eventual single-digits in GDX …eventual GDX single digits! Don’t say I didn’t warn anyone!….and that includes you, MuffinTop! 🙂 At least I’m a lot closer to my target than Schiff is to his targets. lol

  3. Tenyear

    Gary: Thanks for posting the charts and commentary. Could you happen to speak a bit louder? I have my volume up all of the way and still find it hard to hear you.

    1. Gary Post author

      Try listening to it on youtube by clicking the youtube link. It comes through loud and clear on all my devices.

  4. Gary Post author

    Looks like the PPT is going to get the Dow back above the 200 DMA and who knows they may even get the S&P back above that level before tomorrows annoucement.

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