SILVER bull legs

We've had 2 very recent 500+ % ramps in silver.. The question is can we get a 3rd ? It would project to $110+ per oz.

Lunar strangness...

strange that 2 previous long term tops occurred one day after New Moons both on Aug 29 2000 and Oct 11th 2007... all well and good but stranger still is when you project that resistance line across to today you'll find that the coming May 9th New moon appears ready to bisect both time and price pricesly.  Very strange indeed... by the way the next day marks the anniversary of the May 10th 1837 stock market collapse and BANK RUNS   hmmm...  So now I ask myself...  is gold front running something ? Why is Benny not going to the Hole?   have we seen a Hindenburg recently ?  Is aluminum about to break the 08 lows with copper following right behind ? If  INDX soldiers like XOM take a hit (and it looks shaky right now) the markets will get trashed.  Lots of strange happenings clustering in the coming days and weeks.

SPY re-approaching long term weekly resistance..

I have SPY re-testing long term resistance which is the line that crosses the highs on the weekly charts over the last 14 years or so.  The 1st attempt to break out failed and closed dead on the line.  Looks like they want to come in for a second go round... that's fine, I see it holding (on a closing basis) although intra day we can expect a massive key reversal type of affair where we puncture it once again only to collapse back and have the markets turn lower. We shall see we are just about there now...

GLD wants to tuck right back into it's weekly channel..

GLD is taking a direct, quick shot straight back up inside it's long term trading channel where I expect it will tease the bears and cling to the inside of the channel for a few weeks before launching in to new highs...

Visualizing BennyB's printing bonanza...

If you start from about the time BennyB when all in full bore print to infinity and take a visual of it's affect in chart form among a few industries it becomes obvious that company's like Alcoa and US Steel, to name just a few, let alone gold miners via GDX need to find a way to get included into BennyB's balance sheet.  Perhaps they need to drive their industries into the ground before Benny includes them in his vision of the future?

21 day front weighted mva of NUGT

Pretty massive volume spike in NUGT  as it collapsed from roughly 30 to 10. I'm long from 11.90ies

another look at XOM against DJIA, Copper and Alumina etf's (JJC, JJU)

With Aluminum approaching the 08 collapse lows and Copper a few steps back it appears that XOM having broke the lower wedge trendline is about to pick up momentum to the down side along with the rest of the energy sector so you have to wonder when the DJIA is going to take notice of everyone else having left the party ?

XOM rising wedge vs. SPY (weekly chart)

It looks like XOM may have broken the lower wedge line that has been supporting it and now implies I potential sharp drop to 70ies is possible. In the mean time SPY is adrift in the stratosphere above and ultimately will realign itself with XOM... or so I'm thinking but don't listen to me.. just my own thoughts here.

My downside target on GLD was triggered today

so for now I'm opening positions in NGUT for the short term. My concern is I think /ES is headed for low 1100's in which case gold and associated etf's may very well flat line until the equity slide finishes. The $RUT will probably see the most damage in this down turn so I'm also long TZA as well.  Obviously don't listen to me (goes without saying) just my personal thoughts....

SPY is forming an interesting pattern on the charts..

also if you use a line chart (weekly closing price) and extend across the previous 2 tops going back the last 13 years or so it looks like we closed right on the touch point...

I'm thinking 137.50 is doable on GLD

but I'll start loading long *phyz* from 137.75ish should it break down the way I've been expecting it to...

XOM vs SPY

Technically speaking if XOM is developing into a maturing wedge and should it break down as it appears to be contemplating sitting right on the trigger point and with SPY in the background (red) revealing how far ahead of it's self it has traveled..should XOM break it will be a blood bath in SPY.. big if I know

Gold is just about ready to start a powerful leg to new highs..

To my way of seeing it gold has one last flush lower that will break support and the longer term channel at the same time. This is where everyone dumps their gold and exactly where I reload long looking for 2800 price target..  or so I'm thinking

some visual perspective...

Looking back at the performance of the Russel 2000 compared with things like Copper or Aluminum which are used in the real economy for things like engine blocks, tractor trailers, machine tools, electric motors etc etc etc it appears like Benny is succeeding in increasing the paper wealth of his gang of banksta nigga friends while everyone else must suffer the cost. Also find it interesting that the Chinese market (PEK)  is basically inline with industrial metals.. so which of these things are hinting at reality I wonder ?

Neat trick..

I luv the little fake out move Benny pulled pressing UGA (gasoline) and the pm's lower while lifting stocks in the past week or so.. that was cute, unfortunately  UGA will sling shot ahead now and with it mid $4 dollar gas on deck for the spring...or so I'm thinking..  unless he plans to take everything down for a breather...

VIXY and moving avg of daily volume

Interesting that VIXY did not confirm the recent breakout in stocks and that volume has been building exponentially as though front running a big shock about to hit from left field..

One of the few areas of the market the PPT has neglected

One of the few areas of the market the PPT has neglected is the aluminum market.  Overlaying a chart of Alcoa and JJU  (aluminum etf) you can see that they both languish at 09 depression collapse lows.  Amazing with car sales around the world supposedly so strong and with world central banksters blowing money out their asses as fast as they are makes you wonder just how shitty things really are.

IBM and moving moving avg of volume

IBM is quickly heading towards transaction levels not seen since the mid 1980ies as the banksters continue to prop the market up in the face of folks selling off their paper/IRA's/401k's/pension draw downs etc. I guess at some point soon it will be back to the 1960ies with everyone having left the market except a few computers bouncing stocks back and fourth between each other for the purpose of marking fraudulent price levels.

..and XOM same thing although interesting wedge pattern seems to be maturing right about now...

VIXY volume explodes

Gold was dumped and VIXY volume exploded this week.  Somebody know something ?

Another look at Copper (JJC)

It's still possible that copper is trying to find it's natural price (lower) but facing interference from central banksters printing fiat and manipulating economic data which is drawing and extending out the right shoulder of a head and shoulders pattern. In the mean time Russel 2k continues to ignore economic reality...