1. dpcassa

    Gary, I fully understand the concept of the breakout and run potential as shown. I like the examples of what happened in the gold market and what you believe is to come in the energy sector. My difficulty is in your labelling of the Nasdaq as a “consolidation.” When something loses 80% of its value from its original peak, hovers closer to the bottom than the top of the range for a significant portion of the period, then goes on a relentless ascent back to its original top in one of the longest, sharpest, and most uninterrupted manners in memory, it doesn’t seem to fit the view of a consolidation. I regard a consolidation as a period of a working off of the excesses with a horizontal to somewhat controlled, orderly retrenchment. Both the vertical drop after 2000 and the 2009-2016 periods are basically generational.

    1. Gary Post author

      I haven’t seen any evidence to suggest the manner of the consolidation makes any difference. Look at the ongoing bigger picture consolidation in gold. Very similar to what is happening to the Nasdaq. Both are being driven by the same thing. Trillions and trillions of currency units being printed.

  2. mike trike

    Silver had a 30 year consolidation between 1980 and 2011, then it crashed. What do you think is going to happen with silver in the next year or so, Gary?

    1. Gary Post author

      Silver will eventually break out above $50 and I suspect it’s going to go to levels none of us can even imagine at this time.

  3. anjing bau 22

    look at the consolidation in the shipping stocks…. long bases still require a catalyst to ignite a breakout……

    DHT DRYS EGLE or the SEA etf…….

    1. Gary Post author

      I tend to just look at indexes myself. I’m not sure this would apply to individual stocks.

  4. tulip

    really pitiful about korelins show going so dim… except for a couple of guests and commentaries,,,
    fortunately we have Gary…

    1. Gary Post author

      The trolls really ruined his site. It’s the reason I left.

      I warned him this would happen if he didn’t find a way to get rid of them.

  5. tulip

    Im not speaking of any trolls.. I find his comprehension of geopolitix
    utterly ignorant & inept.
    The trolls seem to be gone Gary…they were there when you were there.
    Perhaps they were encouraged….
    Now its just dim & no lights are on….wandering around in a daze…

  6. galaxy11

    Many of these “information/news” sites like Korelin’s straddle the fence from time to time in what appears to be “pump & dump” schemes for individual companies. That’s part of their “business model”. And it sucks.
    I’ll leave it at that, for now.

  7. lokum_

    Don’t be so optimistic about commodities. Soft are getting hammered. Wheat, corn, soybeans never exited the bear market. Wheat is constantly going lower and lower. Warning sign.

  8. Alexandru Popovici

    yeap, Gary, but first let’s get the DCL in stocks, now catalyzed by British PM’s latest words on Brexit: Article 50 will be summoned dirctly by government, without Parliament’s approval.
    I’m expecting a move from Queen E2

    1. crawfordnews

      Alex, on my call to 2021 is based on wide channel that the lower line sits at 2021. We are making lower highs and lower lows.

  9. goldbug

    I would not discount the extreme importance that the presidential race has on the behavior of all markets. I have the feeling that if Trump regains in the polls the markets will trend lower. If Trumps goes ahead, I believe, the markets will have correct and possibly crash. Exceptions will the PMs and their mining shares.

    1. s29

      I expect Trump to win (I don’t think Hillary can’t debate him well and the polls are way off like Brexit was), but if he doesn’t win at least he would get one or a few bumps up in the polls, which will cause some anxiety in the markets and will also affect the economy by less investment because of uncertainty. But this will be bearish for USD, which could be positive for gold, oil and foreign currencies.

      It seems though Yellen wants to keep the markets up, because a higher stock market is positive for the incumbent party. Maybe the S&P would correct somewhat, but not much, but European indicies will go down harder because of a stronger Euro.

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