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The cretin algo machine break down?

“Speaking of heads the shorts win, tails the longs lose the perpetual nightly silver access trade open selloff (now 104 out of 108) makes no sense in light of the relentless shorting going on. Normally profitable shorts would at the least be taking light profit, resulting in a higher open, not lower. A lower access trade open would be more consistent with a winning long hand. Regardless there is NO way you can have something like this happening without blatant and illegal interference. One look at nearly any gold or silver chart the past 3 years shows there are algo computers running 24/7, controlling every minute. The 8:30 AM Comex open is practically as ironclad in its selling as the 6:00 PM access trade open.”
JMc

From East to West, no regrets adding to silver at these levels!

Purulator “Tim”,  with a big smile,  reassured me on his companies security protocols for the recent car parts deliveries.  He’s German, and they like bullion, wonder if he’s shaken the odd box?

Seems like, even at these “bargains” …… There is plenty of inventory ?

Best Regards, waiting for the leaves to turn …….

Winedoc

“this shall be known as ‘free maya day’ sept 25 and celibrated each year hence forthwith! hows them apples?”

DANG!  I guess that means I can’t charge admission fees…?  🙁

Seriously… thanks for letting me out of the RoundHouse!

[I neither agree or disagree with this guy-don’t shoot the messenger]

Notes From the Rabbit Hole

First off, I want to say that the plan explained by Steve Hochberg in the video associated with the previous post (free sign up required) meshes well with how I see gold currently. The 1000 +/- level is very doable, folks. Not a given, but quite doable. That would close out investors’ fear from 2008 by having made a completed cycle on the rebound in greed.

In the short-term, gold was probably ready to bounce even before the war stuff hit the news yesterday. Sentiment had become just deplorable, with gold bulls puking left and right. The geopolitical thing is a negative, as it always is but the Hulbert HGNSI is quite a positive, as the gold timer community (ha ha ha…) plummets well into net short territory.

So, geopolitical aside (and I always take that seriously as a negative for gold because it gets the worst of the gold “community” back to pumping) gold can see some decent rally activity off of sentiment and the improved Commitments of Traders structure. But I think more downside may follow over the next few months. Then? Cyclical bull.

Meanwhile, I am using gold as a macro tool; probably the best macro tool I have when comparing it to other assets that are positively correlated to economies. Gold is just a tool around here after all; a tool for market evaluation and a tool for monetary value. It’s not an idol. When the ones who obsess about gold with wildly glaring eyes are back on the pump, take caution.

Separately, also at MarketWatch we see that the word is getting out that these ‘golden’ and ‘death’ crosses that inexperienced TA’s often get hysterical about are indeed opposite to the hype. The supposedly bullish golden ones are more bearish than the death ones. Too funny, and sadly all too true.

What I like about market management is that there is no shortage of bullshit out there to decode and debunk, but casual observers tend to take it seriously.

http://tinyurl.com/mxok8pn

1+6+9+4+5+8+0 = 33  As far as numerology goes a very interesting number. I don’t know but something is going to happen.  But then again something is always about to happen.

may have a problem..reports coming in the NEW phone is too thin and too long   ..Its bending in MENS pockets.

They use to say you can’t be too Rich or too Thin

Apple may prove the exception..

that I track ONLY ONE was UP TODAY ,    only ONE was UP (FSAGX)  GOLD !

These are Sectors of the economy  ! Its an easy way to track SECTORS ,Fidelity Publishes everyday .

The worst was Computers ,Technology,biotech,software.

In my curriencys list of 15 Countrys Japan did best today.

In my list of 25 Countrys Indexes  Japan did best today !

In a group of 30 different Sectors  Gold did best today with at least half in the Green today !

In my list of Chinese companies (13) only a Gold company was up (JINFF)

I agree we should be friends with Vietnam. No reason we should have been enemies in the first place. Communism seems to collapse of it’s own accord eventually anyways without us doing a thing. They’ve got problems with corruption and so forth … but who’s gonna say we don’t have our own particular problems.

What isn’t upside down these days ?     Money used to be a store of wealth ,now its not,saving was a good idea ,now your punished  for it.Former enemys like Germany and Japan are now our best friends.Russia our former ally ,now an adversary ! People used to want to work,now they want a hand out ! Presidents inspired the People to be the best ,Now ….#@$%#

Former Capitalists are now Communists,former Communists are now Capitalists,women act like Men..Men act like women

The world is upside down …maybe we had a POLE reversal and didn’t notice it …North is South  … Nobody told me !  Who knew ? that explains it !

The one-year long triangle consolidation pattern has broken to the downside. If HUI does not get back inside the triangle, it is a long way down.

really might be the center of the hurricane we’re expierencing, but the storm most likely is building pressure since the 2007 event. That’s my way of over simplifing a much more complex reality.

Vietnam had the mis fortune of defeating the US in a WAR .!  All of our former adversarys prospered after we defeated them.!

The Vietnamese are Great fighters ,very resourceful and natural enemys of China.China has coveted Vietnam for centurys ,as its the RICE BOWL of Asia .Its climate low land s and rivers are ideal for growing rice.They have always exported Rice. That very small country has fended off China for years ,just imagine if they were well armed and financed what they could do to China.

I knew a long time ago why the Americans were there ..The oil companies discovered oil off the Cast of vietnam years before Vietnam war…thats why WE were there  !  Now the Chinese want to exploit it claiming territorial rights for off their traditional previous borders.    Vietnam is a Natural Friend of the US  ….make use of it !   What friend is better than a former enemy ,,they really understand each other. I hired many Vietnamese when I was in business and I’m happy to say I benefitted from industrius hard working and very honest people .All my employees handeled my money every day and in 25 years I can tell you I never worried about honesty with them.They were a blessing to me during an era when help was hard to get .I became friends with some and they told me amazing stories about that WAR.  WE should be friends with Vietnam….

More on Gold Sentiment
September 25, 2014 | Author Pater Tenebrarum

Mark Hulbert on the HGNSI

As an addendum to Dan Popescu’s article on the state of gold sentiment, we want to show an update of the indicators we follow. Coincidendally, Mark Hulbert has also just published an update on his HGNSI measure (Hulbert Gold Newsletter Sentiment Index). The Index measures the percentage newsletter writers recommend to allocate to gold-related investments on average – either on the long or the short side. As it turns out, the current level of the HGNSI stands at nearly minus 47%, which happens to be the second-highest bearish sentiment expression in 30 years (the highest was recorded in June 2013).

Mark Hulbert notes:

“[…] the average recommended gold market exposure level among a subset of short-term gold market timers tracked by the Hulbert Financial Digest (as measured by the Hulbert Gold Newsletter Sentiment Index, or HGNSI). This average currently stands at minus 46.9%, which means that the average short-term gold timer is now allocating nearly half his clients’ gold-oriented portfolios to going short.

That is an aggressively bearish posture, which is unlikely to be profitable according to contrarian analysis.
There’s been only one time in the past 30 years when the HGNSI got any lower than it is today. That came in June 2013, when the HGNSI fell to minus 56.7%. As you can see from the accompanying chart, gold soon — within a matter of a couple weeks — began a rally that, by late August, had tacked more than $200 on to the price of an ounce of gold.
Notice that gold’s 2013 summer rally didn’t begin immediately after the HGNSI dropped to the levels we’re seeing today. That’s hardly a criticism, of course, since no trading system can pick the market’s turning points with pinpoint accuracy. Nevertheless, according to the econometric tests to which I have subjected the 30 years’ worth of my sentiment data, the gold market performs appreciably better following low HGNSI readings rather than it does high ones. Contrarian analysis hasn’t always worked, needless to say, but it’s more successful than it is a failure.”

http://www.acting-man.com

He expects a long run-of a year or two-“like during Reagan” Just another buy signal for gold…

things are quiet.  too quiet.  i feel a premonition that this may be the calm before the storm.  perhaps the storm that blows everything up.  but then again, it may be the storm that blows everything down.
we can wait.  we can watch.

I bought two 90% silver bags and one monster box of silver eagles thinking 18.50 would hold in the last couple of weeks. The more I watch the more it becomes apparent that silver is the proverbial “canary in the coal mine”.

I guess they can do $16 short term. Either we’re really wrong about silver or the boyz are scared to death of a big move. I imagine we’ll find out soon enough, but at the moment silver is killing us.

and a gold mkt bottom TODAY??

As I have said many times, when the next bull run in gold starts, it will look ragged and tentative-just like gold looks today…

AS I asked yesterday=if gold fundamentals–those discussed on CNBC–are O-so-bearish-why isn’t gold a $1000 today–with the rise in the $, why has gold only grudgingly gone down….greater minds than mine want to know…

I bought 2000 jnug yesterday near the close at 13.09–and bailed out in the pre-mkt at 8:39 am when gold was down $10-at 13.01….dammit-! Gold looks hopeless–Wolanchuk said “hopeless” is a bottom…

Russians talking about seizing foreign assets

Rumors of some hedge fund getting ready to blow up