|
|
Precious Metals
|
|
||
3 words. "I Don't Care." I returned today from a remote camp on Lake Huron, for a weeks respite with family to find the same old broken down sewage trucks spewing the same ole sh+t, and that doesn't even include Gartman, and I don't give a sh+t ! Same old broken down tired arguments, while looking right at a derivative blowup, central bank meltdown, outright lies from Gvt agencies to kick the can down the road. Absolutely pointless in wasting the bandwidth to read this crap. I updated 7 days of absence with 1 hour of scanning Z-Hedge, IV-PM, and my emails. Armstrong running off at the mouth, about KRIMEX pricing ad nauseum, etc, etc for other sh+t purveyors. Totally pointless drivel from narcissistic parolee con artists. We can see the shoes underneath the ill-fitted curtain. OK, so we don't KNOW which way they are going to tip the boat next. Do we need to? Or do we need a balanced defense, and credible offense ? Every time I try to figure THEM by THEIR measurements, I always underestimate their downside for how they measure PM Complex pricing. Using my own measures , I can hit the mode in MY level and timing. Considering how all the major PM Averages are contaminated by ABX, I am going to work on find one, in addition to my GIMBO -Style Breadth Measures that either cuts out ABX or minimizes its influence to say 1 of 36 or 1/36th, instead of some stupid disproportionate measurement. I hope they sacrifice ABX soon. With phyz gold demand running amuck, and the "spewers" clearly backing the bullion banks, I sit back and wait again this week for BATS,NASDQ, ARCA, etc, etc, to "break" and offer excuses it was "the other guy", with liquidity fractures scare the pants off everyone. Now I know there are "Circuit Breakers " in place for waterfall events, but since Citi said out loud, Fewer but larger corrections, what happens if the market opens up down 700 points down, with no Circuit Breakers in place. Far as I can see, OPENING DOWN is what trapped so many people last time we got into a serious decline. What would you do? For those who may wonder, I do have a preliminary BUY Signal on the PM Complex based on my Advance Decline Measures. Since preliminary it may or may not receive further validation. For me it would be a good starting point to create a trade. and Maybe AG @ 3.00 may not be to shabby. Plenty other candidates out there. Good Luck. DG. |
return to message board, top of board |
Msg # | Subject | Author | Recs | Date Posted |
152182 | Re: 3 words. "I Don't Care." | cluelessmeetoo | 4 | 8/1/2015 6:02:37 PM |
152188 | Re: 3 words. "I Don't Care." | couplover | 1 | 8/2/2015 2:30:43 PM |