Wow, nothing your gladder to see that a "DUSTOFF Huey". No guys with more guts than those pilots and aircrew to med-evac you shell fragged body, half dead and bleeding under a hail of enemy fire you can here hitting the aircraft.
Will it take as much guts as it took to fly an unarmed bird, into the vortex of hell, to get DUST ? If you got in early, your no doubt feeling "DUSTED" or "BUSTED". So far this Gold Rally has been a DUST Buster. I wonder if we will find BEAR DUST here ?
Whale Island lies just over the STRAITS of HELL, you remember that unclosed gap from the ham-handed short paper gold contract that cleaned out the bids floor to rafters like a dust explosion. Either a rookie or TPTB wanted to make the point Gold was Doomed. Awww too late isnt it, with NIRP, ZIRP and whom knows whatever the latest Alphabet Frankenstein the Monetary Authorities create.
are located and easily found btwn $HUI 280 and 300. Created by
selling enough paper contracts to equal TWO (2) years of Newmont's
production, in ONE DAY, cleaning out all the bids from
ceiling to floorboards. . Clearly UN-Economic
that was a signal from HELL that GOLD was doomed, from, in my
POWERS THAT BE
]. We shall see..... Between 30 & 31 on the GDX, the Straits of HELL Lie in wait for the unwary gap jumper......
Why this ?Why now?
Similar to the $HUI, the GDX Gapped down during the week of Apr
15, 2013. “Someone” decided that needed to be done and it was in
resounding fashion, so much so that there is still an unclosed gap
btwn HUI 280-300, and GDX 30-31. Why is this important ? We have
been below that point for 34 weeks. Weekly charts are pretty strong,
and we expect this to fill. It need not fill, it could be JUMPED.
IF that were to happen, we
would have one of the LARGEST ISLAND BOTTOMS in recent market annals
and point to a possibly cataclysmic rise in Gold Miner Shares as the
GDX & HUI. IF these averages just wade thru the Straits
of Hell rather than jumping it,
well that will be good, but not the same.
address the WHY NOW? Point & Figure
as below are considered arcane or exotic depending on your
vocabulary. I like to use them like a Builders BluePrint for a
Work-in-Progress, that is,an architectural framework of sortsthat points out likely limits
of the current structure,
and thus can change with other shifts in structure.
we see a potential trend neuter point of about 18.5 on the GDX, and
an Upside potential of 34.5, far North of the location of The Straits
of HELL. Be they a
figment of my imagination or not, they represent to me a significant
bitten, twice shy” describes what happens when a P & F target
is missed. BUT “ Three (3) Times, a Charm” is also valid with
this method. I will be watching it with great attention......to
see.......Is this a real BULL MARKET
? Subscribe & Ck it out !!