34 thoughts on “EASY WAY, OR THE HARD WAY

  1. ras

    SM upswing beginning, gathering steam, accelerating? Interesting times ahead. I choose the easy way, leaving the hard way to folks more talented than myself. Compliments to Gary for his unwavering stance on SM.

    1. Gary Post author

      Gaps tend to fill towards the end of a daily cycle, not at the very beginning.

      Looking for a gap fill only 4 days into a new daily cycle can cause one to miss the rally.

      Also don’t forget we’re in a vertical phase. The market may not behave normally during a vertical phase.

    1. Gary Post author

      No.

      I will be taking down leverage soon. Even if we are about to go parabolic I expect we will still get one more ICL early next year.

  2. Steffmeister

    Cmon Gary, you are also a Goldbug like the rest of us! Just look at your background πŸ™‚ I am old turkey as you guys call it since summer 2015 and I always keep a core holding.

    My pensionffunds are allocated in common stox. Looking good at the moment, but we are in for a correction sooner or later. The Swedish EW that I follow says Q1-2018 for some indices and midsummer for others. This may only be the first wave up. The backside of the coin is that fiat is loosing purchasingpower. So a +15% gain in S&P is only flat in real terms.

    Gold is my passion πŸ™‚ be patient here and do not forget we are in a bear! 2018 is looking very gloomy for gold, however I think a good buying opportunity will come soon and if you buy miners in a timely fashion you could easily make a three digit profit.

    A flattening yield curve is bad for gold. We need a steepening yield curve to be bullish … to be honest I am a little bit confused here. Are we in a Kondratiev autumn or a winter? I hope we are in a winter and that it will end soon, give it another year? Bcos winter is commodity deflationary … I am going to discuss it a little bit with a friend of mine.

    1. Gary Post author

      WTF?

      You are old turkey but gold is in a bear market?

      Why would you be Old Turkey in a bear market?

      1. Gary Post author

        Kondratiev winter is an obsolete term that only applied years ago when currencies were backed by gold, supply was limited, and deflationary forces could be expressed.

        That went out the window when currencies became purely fiat allowing governments to print money at will. Notice how quickly deflation was halted once QE1 began.

        1. Steffmeister

          Just common sense to have a core holding, just in case if I am wrong πŸ™‚ if a double bottom next year (most likely) I will double my position.

  3. Alexandru Popovici

    Second rejection by 10dma of EURUSD and USX today.
    Evidence brought by eurgbp (capped by its 10dma) and by eurchf suggests that EURUSD may be able to penetrate and close below its 10dma today (USX above) and head lower.

  4. Goild

    Good trading day to all.
    Let us make good money today to pay for turkey, sweet potatoes, cranberry, pie, wine,
    dissert and gifts.

    1. Nada

      How many times are we going to go through this? Its sweet, but Christian will not be back unless there is a failed cycle in gold. The dollar ihs pattern failed and when gold gap fills (and confirms my winning of 1 burrito) that will ensure, Christian will never return.

  5. Anthonyo

    Gary,

    OIL
    Oil is going up NOT based on fundamentals or cycles…Oil is going up on whiff of war and conflict between Iran and Arab coalition in Persian Gulf………….HENCE, oil stocks lagging…but they will have to catch up if oil marches on upward.

    What we are seeing now is OIL is shifting UP trading ranges…used to be $42-$55…….It is now shifting up to $56-$70.

    GOLD
    I argue the SAME for Gold rising too………Not based on cycles, but based on geopolitical………

    If it were not because of Bitcoin, gold would be a LOT higher right now. I know you think this is crap, but eyes wide open will say it is not.

    1. Nada

      I agree 100% with the flows. Bitcoin has taking a nice chunk of change from funds that would have been ear marked by gold speculators.

      1. Anthonyo

        Agreed, and bitcoin will CONTINUE to siphon and divert away liquidity from metals.
        Why deny an obvious fact?

        Bitcoin is here to stay, and most likely longer than Euro will ever survive too.

        Whoever started bitcoin wanted to stifle and thwart gold’s ascend to extreme heights … and who wants to do this? Yep, western governments, financial Globalists, and mega banks,….
        They found the perfect “alternate investment/currency” to deliver a blow to gold.
        Complete with the feel and aura of a currency which is designed by the marginal anti-establishment elements unknown….But it is not.

        Why wait for someone to come up with a alternate currency when governments and banks can create their own, pass it as a ‘rebellion currency” and control it? And knock down bank enemy number 1: gold price with it?
        Perfect ploy!

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