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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

GOLD In Two Words - BULL MARKET

Commodities / Gold and Silver 2016 Feb 14, 2016 - 03:54 PM GMT

By: Denali_Guide

Commodities

BULL MARKET = 2 Words
     We know it bottomed in Jul 2013.  Really !!!
Lets go back to October of 2015 when this appeared on this blog.

GOLD NOW IS U$D 1336 - FIGURED IN COIN SHOPS FRIDAYS CLOSE WAS 1310 U$D, SO IT CORRELATES TO THE REAL WORLD, SINCE THE COIN SHOP PRICE IS F.O.B. COIN SHOP


**************************************** 
  Emphasis Mine.   "REAL GOLD, that which is deliverable metal has bottomed at U$D 1149, with the USDX @ 95, and will not go lower in the next 
12 months, without a consequent rise in the USDX changing its price % for % in correlation.  Thus the higher the USDX rises, the Lower the Bottoming and unbreakable Low in REAL DELIVERABLE Gold will correlate."

All the Moving Averages are in gear as the 20 & 50 move up towards their meeting with the 200.
RSI has fallen out of its Do-Not-Buy-Zone, and is bouncing around in open country (good).   
The MACD continues to climb as does the Coppock Index (quite Long Term).   Now lets move to
REAL DELIVERABLE GOLD METAL = MNT.To

 Now, I here, if  you can do it, its not bragging.
with that I say, TAKE A LOOK AT GOLD, and tell me it is not in an uptrend.......please.   What is different here, is IT IS ABOVE its 200 Day Moving average.  
'Nuff said, DYODD (do your own Due Diligence).
For me its "Hot" Chart.  Was that not good enuf ?
Lets see what the LEADING MEASURE SAYS........
 It says, "Its all in gear, and the train is getting ready for a trip", at least that is how I see it.  DYODD.

You and I have witnessed the KRIMEX take the contract paper price of NON-Deliverable (mandatory) fake Gold to any level they want by accepting the issuance of clearly bogus contracts by market interveners for what are clearly NON-PROFIT transactions, at the times of lowest volume in order to skew prices in the direction dictated by the agenda of the ESF, JPM and US Treas, as a matter of US Treas policy.
    Should that type of attempted intervention appear here, arbitrage will drive it away since there will be a tangible profit to be realized and thus driven by profit, arbitragers will swamp the fake transaction and break the casino's bank.


Now let's look at what I consider the most dishonest of Gold charts, showing Spot Gold as priced by the KRIMEX. Would you not say that it was not the greatest instruments of suppression and depression that you have seen compared with the Real Deliverable Gold. And like Fluoride if it is added to your water, there seems hardly a way to avoid it.
*  CURRENT CHART * 2/12/2016


 How about a KRYPTONITE ANTIDOTE to the KRIMEX FRAUD KUOTE ??

*  CURRENT CHART * 2/12/2016



As a DELIVERABLE Gold vehicle, MNT.To trades at a premium to all non-metal supposed proxies for gold pricing.
So as it closed Friday, Oct 16 @ C$16.17 representing 1% of an Ounce of Gold, it then priced Deliverable Gold @ 1251.84 per Troy Oz. So a U$D 74.14 difference constitutes a 6.3% premium metal over paper, quite a lot of room for profitable arbitrage transactions which are not occurring. Hmm. I think people trust Deliverable Gold from the Government of Canada, to the an unaccountable commodity exchange. Hence the premium.

So what in that chart above suggests U$D 700 Gold ?  
NOTHING !
In short, the middle of the three lines is in the Midline position. The price actually touching the top boundary and yet spaced off the bottom by 6.7%. A hint. Not conclusive but a hint. The calculation is a Raff Regression (“According to Gilbert Raff who introduced the Regression Channel in 1991:

The Regression Channel Top will be the precise point at which the high days in a trend hit resistance and turn down,
and the low days will find support at the Regression Channel Bottom and turn up.
Finally, a day will arrive when price exceeds the Regression Channel Range and
the trend is over. )”.


Thus we see in July of 2013 the downtrend ended. Shortly after, an uptrend started. From there you can follow the historical tracks of MNT.To. Same for the funny looking worm of Red and Green segments, the Ichimkomu Cloud. MNT.To has now chewed its way thru the resistance and is now atop a Green Support Cloud.

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As you saw, CARTEL~BUSTER went totally BULLISH Over Extended into the NO-BUY-ZONE on OCT 7 and stayed Over-Extended into the NO-BUY-ZONE until OCT 19, for EIGHT market sessions until it dropped back.   Having demonstrated such BULLISH Behavior, CARTEL~BUSTER is another strong piece of evidence that the Tide has Turned to BULLISH for the GOLD & GOLD STOCKS TREND.

Given our inquiring minds desire for FORWARD-RECKONING, I publish the following Proprietary Chart "BEAR-SLAYER"    FYI !
 BEAR-SLAYER's chart suggest we have running room at a minimum to years end and maybe into 2016.   It is all "interesting" but subject to change.
 ////////////////////////////////////////////////////////////////////////////////////////////////////////
      GOLD and probably most of the entire Precious Metals Complex (with the exception of the Platinum Metals Group) turned the corner back in June of 2013, but whichever forces opposed them saw fit to exert as much pressure as they could to mis-direct and mis-lead the public.  What could have been their motivation ?
To grab most of the seats on this train?  Possible.   I have no real clue, but we can all guess, so as that is, I am happy if people recognize what to do NOW.  In My Opinion, this is NOW a Bull Market for  the Precious Metals Complex.   What you do about it is a measure of you needs and savvy, but feel free to request a copy of PEAK PICKS (weekly) or the RECAP Report (monthly) free, via the Alert Group SignIn on the top of the sidebar.

By Denali Guide

http://denaliguidesummit.blogspot.ca

To the the charts involved, go here, to my Public Stock Charts Portfolio, and go to the last section.  All charts update automatically. http://stockcharts.com/public/1398475/tenpp/1

© 2016 Copyright Denali Guide - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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