tag:blogger.com,1999:blog-7130708113832839690.post547712740501731345..comments2023-10-29T02:04:09.499-07:00Comments on Smart Money Tracker: Mar. 19Garyhttp://www.blogger.com/profile/14556370683669428668noreply@blogger.comBlogger37125tag:blogger.com,1999:blog-7130708113832839690.post-34909671201306700192014-03-20T06:16:45.968-07:002014-03-20T06:16:45.968-07:00Gary,
"....The jury is still out on whether ...Gary,<br /><br />"....The jury is still out on whether it also printed an intermediate cycle low....."<br /><br />What price level or action you need to see to say we put dollar ICL yesterday?<br /><br />Thank you.Fellowhttps://www.blogger.com/profile/10406613891743075498noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-57697858680242506242014-03-20T06:01:18.923-07:002014-03-20T06:01:18.923-07:00Too short (time) to be an ICL, imo.Too short (time) to be an ICL, imo.Neohttps://www.blogger.com/profile/13018594796951003154noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-67824892284487884022014-03-20T05:55:42.656-07:002014-03-20T05:55:42.656-07:00if we break the IC trend line and then make a swin...if we break the IC trend line and then make a swing low - and break the IC downtrend line - could this is an ICL ??? considered that potential ?Jayhttps://www.blogger.com/profile/13785603898705908767noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-13260552981504342302014-03-20T05:47:16.882-07:002014-03-20T05:47:16.882-07:004 day rule ??? what does it entail ?4 day rule ??? what does it entail ?Anonymoushttps://www.blogger.com/profile/11065000145434806331noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-84473048800153010412014-03-20T05:34:38.651-07:002014-03-20T05:34:38.651-07:00Yes I think so. Yes I think so. Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-77586536454910663862014-03-20T05:01:11.744-07:002014-03-20T05:01:11.744-07:004 day rule in gold Gary?4 day rule in gold Gary?Aaronhttps://www.blogger.com/profile/05437108237927001130noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-59907341915800485492014-03-20T04:48:17.561-07:002014-03-20T04:48:17.561-07:00Gary, If this is still the second daily cycle in g...Gary, If this is still the second daily cycle in gold, don't you think the drop would be less severe, being it is so late in the cycle?<br /><br />many thanksesshttps://www.blogger.com/profile/12962180175667401958noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-73098013466064642552014-03-19T23:29:16.793-07:002014-03-19T23:29:16.793-07:00We don't know for sure, but we at least have t...We don't know for sure, but we at least have to wait for a swing, and we may want to wait and see if gold makes a new high and does it quickly in the daily cycle before jumping back in. Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-60985873607080756852014-03-19T21:28:27.699-07:002014-03-19T21:28:27.699-07:00How do we know Gold will reverse today\tommorow? B...How do we know Gold will reverse today\tommorow? Byt the ammount of pessimism in blogs..:)<br />eliyahuhttps://www.blogger.com/profile/17437662048427792426noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-15017301212149368682014-03-19T21:03:18.743-07:002014-03-19T21:03:18.743-07:00Gary, don't you think the 8 YCL could occur in...Gary, don't you think the 8 YCL could occur in 2015 due to all the M that has skewered the gold & silver markets? Thanks.Anonymoushttps://www.blogger.com/profile/00441528764934991778noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-62588331281216138092014-03-19T20:41:43.162-07:002014-03-19T20:41:43.162-07:00I just don't see anything 13 days ago that loo...I just don't see anything 13 days ago that looks like a DCL. Gold didn't even close below the 10 DMA. I'm not sure I've ever seen a DCL that didn't at least close below the 10 DMA. Neither silver, platinum or palladium show any indication of a DCL 13 days ago. Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-62668503540967586212014-03-19T20:35:05.266-07:002014-03-19T20:35:05.266-07:00Gary
I think your belief that we have to be in bu...Gary<br /><br />I think your belief that we have to be in bull market has clouded your long term views on gold but I think you still play the short game well. Sitting on the sidelines until we see a swing is the safe thing to do. Though I don't think we will see that swing for a while with Gold being on day 13 of a left translated daily cycle. <br /><br />I know you don't agree with my position but with proper risk management we can both come out ok even with competing view. dutchisuhttps://www.blogger.com/profile/17796365925633000085noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-31216423877847598602014-03-19T20:05:37.651-07:002014-03-19T20:05:37.651-07:00Oops, my mis-communication. I didn't mean to ...Oops, my mis-communication. I didn't mean to say that you were predicting anything, like a hammer in this case. But I was just admitting that I myself sure as heck was predicting it. Was speaking about myself only there. ;-)Billhttps://www.blogger.com/profile/04903431719501161947noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-81342339081028566912014-03-19T20:03:48.388-07:002014-03-19T20:03:48.388-07:00Gold hasn't completed a swing yet. The dollar ...Gold hasn't completed a swing yet. The dollar has clearly printed a DCL. The jury is still out on whether it also printed an intermediate cycle low. Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-18995101436896574732014-03-19T20:01:43.162-07:002014-03-19T20:01:43.162-07:00If you read the reports again you will see that no...If you read the reports again you will see that no one was predicting a hammer candle. A hammer candle was what we needed to buy long positions. If it didn't happen then the plan was to continue sitting on the sidelines and wait for a swing. If that swing doesn't occur before gold moves below $1318 then we assume that the intermediate cycle has topped and it's time to go on vacation for the metals for a month or two. Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-62949844522020566202014-03-19T19:36:51.380-07:002014-03-19T19:36:51.380-07:00I've gone over it multiple times. It's alw...I've gone over it multiple times. It's always been after the 8 year cycle low in 2016. Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-62663386840489956372014-03-19T19:34:03.713-07:002014-03-19T19:34:03.713-07:00I was honestly expecting a hammer candle in gold j...I was honestly expecting a hammer candle in gold just as Gary said, as it made perfect sense. Instead we got a hammer in the $SPX. It proves again to me to stop predicting anything, and just to accept and respond. Like riding about 8 positions back in a peleton.<br /><br />Stepping back, since 2009, QE has been the fuel for this entire S&P market run. But now we are tapering, and nearly 1/2 way into it, meaning that the fuel is running out, so odds are that I think Gary's got this exactly correct in that the S&P probably has a few more points higher before a major top is in.<br /><br />But I am still bullish on gold, based on the monthly chart. I don't know about a few months of sitting on the sidelines, but Gary has this cycles stuff down pretty good, so probably that will happen, too. But for me myself, I'm just waiting for a) a buy signal in the monthly chart to buy physical, and b) a reversal in the daily chart to trade via GDX/GDXJ. Billhttps://www.blogger.com/profile/04903431719501161947noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-60932831690026230982014-03-19T19:18:30.121-07:002014-03-19T19:18:30.121-07:00I don't think it was stopping the dollar's...I don't think it was stopping the dollar's fall so much as keeping the major currencies falling at *roughly* the same pace. I think they want the dollar to fall v. goods and services. Financial repression, don't ya know... worldwide inflation and rising taxation. Welcome to the 21st century feudal economy where you are graciously allowed to keep 20% of your lifetime wealth accumulation--if you can accumulate anything.Anonymoushttps://www.blogger.com/profile/14679539961167636469noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-56595987291614671752014-03-19T19:00:55.392-07:002014-03-19T19:00:55.392-07:00Like John Smith I am surprised that the bubble pha...Like John Smith I am surprised that the bubble phase in gold was never going to start until after the 8 year cycle low in 2016. This is not my recollection of late 2012 posts.<br />BurgageManhttps://www.blogger.com/profile/07256801209973461174noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-52388331703925020442014-03-19T18:58:40.663-07:002014-03-19T18:58:40.663-07:00Gary...I'm surprised how you said that the eas...Gary...I'm surprised how you said that the easy money would come from the stock market and the gold market would be complicated. Fight now everything seem complicated and nothing easy....<br /><br />Txvacohttps://www.blogger.com/profile/00503166800271949100noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-60681126541174706362014-03-19T18:46:32.650-07:002014-03-19T18:46:32.650-07:00Bill,
I agree with you I think today was all about...Bill,<br />I agree with you I think today was all about stopping the fall in the dollar. Yellen did what Bernanke did all last year to drop gold and commodities and get people into stocks. What is troubling is gold has fallen since Sunday night at 1390 to 1328 with little show off resilience. Concordhttps://www.blogger.com/profile/05015491360293136821noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-9006778926536914232014-03-19T18:11:58.017-07:002014-03-19T18:11:58.017-07:00http://likesmoneycycletrading.wordpress.com/2014/0...http://likesmoneycycletrading.wordpress.com/2014/03/19/this-changes-everything/<br /><br />Excuse me if I'm mistaken, but both gold and the dollar completed swings today. Good, bad, or otherwise?Heads Uphttps://www.blogger.com/profile/13773337268505624781noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-57847075111104938592014-03-19T17:41:44.997-07:002014-03-19T17:41:44.997-07:00I don't think she slipped up. She was testing...I don't think she slipped up. She was testing the markets. Play chess 20x/day and you'll understand.<br /><br />Agree the Fed will ramp up once they see the market start to fall. Gary has said the same before I believe. <br /><br />Even if QE stopped today, the amount of debt, including unfunded liabilities, plus derivatives, means that we have to either print or default.<br /><br />For that reason I myself will be buying gold bullion once the monthly $GOLD chart turns up.<br /><br />And I don't think this has much longer to play out. I think that THIS year is the time to put 1/2 in gold bars. The match has not been lit, but I can smell kerosene all over the place. I wish it were not so, as I'm a patriot, but it is so, so gotta protect my family.Billhttps://www.blogger.com/profile/04903431719501161947noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-58624783685476383772014-03-19T17:40:48.683-07:002014-03-19T17:40:48.683-07:00The bubble phase in stocks has been underway for t...The bubble phase in stocks has been underway for the last year and a half. I don't see any indication yet that it's over.<br /><br />The bubble phase in gold was never going to start until after the 8 year cycle low in 2016.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-21984963147098119172014-03-19T17:37:16.866-07:002014-03-19T17:37:16.866-07:00Commodity or stock portfolio.Commodity or stock portfolio.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.com