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Gaz - Sometimes looking too deep you 'miss the wood for the trees' a simple secondary layer between links and a deletion of the ing part of the image upload did it.

I realised it after thinking about your chart that you posted, and after various tweaks. Stockcharts, understandably don't like to allow non-members view live charts (As direct links update in real-time ) but do allow sharing of the static charts. ;))

Keep up the stream of pertinent links Gaz. 'THEY' have become a valuable part of my daily market consumption.

S.

I did post a while back on the other side to watch for a synchronised breakout of the resistance lines on the ratio to Gold the GDX 'Wedge' and the $BPGDM lateral line after the 'Triple Bottom'...



Notice the tag of the 63/EMA/ The first time since December.

S.

$Gold...



Look for a potential pullback from the 50/DMA to the breakout line for a re-test. Look for the Daily 10/MA or 9/EMA and 16/EMA for support too.

S.

Alex - there's a small example some top notch, excellent analysis
- although I feel sure Sahara would agree,

- that if the cartel chooses to come in with their... very, very large paper metal..hammer,
- it does tend to bugger up...the likely free market anticipated movements.
(as we saw with silver approaching $50 and more recently, the paper hit of several hundred TONNES of paper gold leading to the recent take down of gold)

Although in the past...Sahara has even indicated those type of upcoming likelihoods too.

Not a big fan of listening to many KWN full interviews
- but this one from Andrew Maguire...is a definite exception :o)

http://www.kingworldnews.com/kingworldnews/Andrew Maguire/Broadcast.html

An opinion from David Stockman - re the markets...and getting out of ...harms way

Stockman is the man former President Reagan called on in 1981,
- during that crisis, to become Director of the Office of Management and Budget.

"What’s wrong with zero interest rate policy and keeping the overnight rate at zero is....
- . It allows people to buy assets that have any kind of yield or any kind of appreciation, put them up as repo, and borrow 95 cents to 98 cents on the dollar.

This isn’t a natural way for a market to function. The point is
- that if confidence is ever lost
- that the Fed and the other central banks of the world can keep this game going,
- these massive trillions of dollars of carry trades of this sort....... will unwind.

“People will sell the assets, pay down the overnight repo, and.....

- there will be no bid ......to stop the downward acceleration.

The Fed is playing with fire. It’s created enormously unstable and dangerous markets, and it seems to be either unaware or clueless
- as to how much danger it has created in the financial system.

These things are not sustainable.
- These things are dangerous policy aberrations
- that are creating tremendous risks for ......the whole global economy and financial system.
- As I say, ....all...... markets are dangerous

You can’t have confidence in the central banks, and you can’t have confidence in the mainstream narrative.
- The only thing you (investors) can really do.......

- is get out of .....harm’s way.”


When..... the markets fall apart
- it will be so violent and so fast
- that it will be very difficult for the average investor .....to get out of the way.

We saw that clearly in 2000, we saw it (again) in 2008. I don’t know why this time it should be any different. In fact.......
- it’s likely to be....... even more violent and more severe ..when..
- the correction comes.”

(& indicationof what he means by "correction" ??)

Today all of the central banks of the world have adopted the same money printing, zero interest rate policy. Therefore this is not just an issue in the U.S. capital and financial markets, or in the dollar, instead....
- it’s global.

Look at what the Bank of Japan is doing, and the Bank of China has also been massively printing money to peg their currency for decades. The ECB is doing the same thing and the Bank of England is an embarrassment with the rate at which its balance sheet is expanding.

So....... this is worldwide,
- and therefore there will be....... a monetary breakdown,
- and at ....some point....
- gold will be the one place that people will go to
- as they lose confidence... in...... all currencies.”

(In my opinion - as I put it....perhaps better prepared a year or more early
- than...a day ...too late)

"IF" - you give Stockmans anticpated - flight to gold any level of credence, then...

Here's John Embry of Sprott's opinion re ....silver

“If ....gold finally starts to get out and run and we finally see silver punching through $20 convincingly,
- silver will be ready to begin.... a massive leg higher.
- The fundamentals for silver...... are beyond spectacular.
- When..... this whole bull market resumes with a vengeance,
- silver.... is going to outperform gold.
- Gold will do extremely well on its own,

- but the gains in silver........ will be historic.”

Embry also added:
“The mining shares have been through a tragedy, and a lot of these companies are impaired. But for those companies that aren’t impaired I think you are going to see
- the greatest bull market gold and silver mining shares.... that has ever taken place.

(Like a used car salesman is enthusiastic about cars - Embry could be considered similarly...connected with precious metal bullishness
- but that said - all the above posts tend to point... in his support)

Almost 11% .....of short gold positions ......covered in the last week
(according to CFTC Commitment of Traders' data).
- That is thelargest weekly drop in net shorts .....for four months
- and the combined futures-and-options....... net long position..... jumped 13,287 contracts or .......an impressive 48%
(the most since Nov 08)

Preident Reagan - said the 9 most dangerous words in the world are
- "I am from the government....how can I ...help"

What might be a good idea
- when the Indian govenment - seems to be "trying".... yet further...to "help"
- To stop...it's citezens...buying gold

http://www.indianexpress.com/news/indias-cad-rupee-fears-drive-rbi-to-crack-down-further-on-sheeple buying gold/1145115/

Might divert - yet more demand - in the physical silver direction too.

US Power structure neatly expressed...

http://www.realjewnews.com/?p=836

S.

Must see 9 minutes of MONEY...

http://goldsilverworlds.com/money-currency/real-vs-false-money-key-insights-monetary-history/

S.

All still fine and dandy in Euroland - so no concerns there then.

Spain
- tapped its social security reserve fund
- for the second time..... just this month,
(the Labour Ministry said, to help with extra summer pension payments as unemployment and retirement costs ........deplete government funds).

The government turned to the fund for 3.5 billion euros ($4.6 billion).... on July 1
- then for .....a further 1 billion euros on Monday..

Spain was forced to tap the reserve for the first time last year to help pay pension costs, using some...... 7 billion euros.

The fund was down to just 59.3 billion euros, after the operation on Monday,

And....here's the punchline:
virtually all of the "welfare" cash, and at least 97% of the social security pension fund, ........is invested in
- Spanish government bonds.

So in my mind - it begs the question
- if virtually - all the welfare funds
- and all - the pension funds
- are in Spanish bonds
- what happens if....Spanish bonds got hit with...a Greek style 80% plus haircut

Unpleasant....would be...a gross understaement !!!

S.

Stocks to Gold Ratio...



S.

Cheers Sahara
- have taken the liberty of clipping the final conclusion - of Former FEDy chairman Greenspans "Gold & Economic..Freedom" below

In the absence of the gold standard,
- there is... no way... to protect savings from confiscation.... through inflation.
- There is no safe store of value.

If there were, the government would have to make its holding illegal,
- as was done in the case of gold.
- If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power
- and government-created bank credit.... would be worthless as a claim on goods.

The financial policy of the welfare state... requires

- that there be....
- no way... for the owners of wealth - to protect themselves.

This is the shabby secret....... of the welfare statists'.... tirades against gold.
- Deficit spending is simply .....a scheme for the confiscation of wealth.

Gold...... stands in the way of.... this insidious process.
- It stands .....as a protector of property rights.

If one grasps this,
- one has no difficulty in understanding
- the statists' antagonism toward... the gold standard.

Stocks to Miners Ratio...



S.

Neatly put Gaz - Yet when I try to relay that to my neighbour or family member I get a weird look and a quick change of subject ;-/

S.

$Silver Breakout!!...



S.

Sahara - as you know I am no chartist...but I really do try to follow the overall gist (with much appreciated notes & commentary that you add)
- in very broad laymans terms I gather ....post 429

- chart 1 - that gold has been pushed down to the 3rd green circle level - and an attempt could be made to push down to the forth...or a bounce towards $1700
- Chart 2 - would a break from peak to peak Harami - be app $1500
- Char 4 - indicating a likely bounce upwards, within the rising - trend channel

Post 432 (Stocks/Gold ratio)
- get the hell out of stocks :o)

Post 434

- Chart 1- silver may have broken out from the falling wedge & head towards its moving average
- chart 2 - silver has bottomed at its earlier peak with the strong prospect of silver heading back towards its 200day m.a
- Chart 3 - note is self explanatory
- chart 4 - tadge confused (waves stahes 1's & 2's ?)
- Chart 5 - Silver anticipated to assume an upward trend, within the overall rising channel

I wouldnt expect you to try to cover all that in detail - but an.. if that's in the general "ball park" will do (or a short basic pointer on which one ...I am furthest off on and why ....would be appreciated :o)

Remembering we are in Larger Wave-3 (Huge Green Numbers) and currently in fractal Wave-5 of the larger Wave-3 (Large Green No's and it looks like Wave-4 is in! And now in Wave-5 of 5 of 3! Will it Extend (Hopefully to 30 but that may be a bit too ambitious.))...



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S.