Thursday, February 18, 2016

GOLD BUGZ v. MR. NASTI

Now before you get down on Mr. Nasti's ($NASI) case, just realize he is  just the bagman for the US TREAS, BOJ, BOE, ECB, ESF, JPM, and PPT.  They all helped jump start the volume which has brought the mullets and some institutions back as well as BIG foreign money coming to the USA as tax dodge in their own countries.   Ironic isn't, the USE Red-Letters all the other tax havens and busts them, not to increase the US's legal take, but to steal their business ! 
      Wow what a plan !!   They did that in plain view and not one figured it out !!
So Mr. Nasti is pressed back into its socks like an ill-fitting show might.  The $64 Question is, how far could it go, UP, and how probable will each $ in gain make the succeeding harder or easier.  You could say its NOT NORMAL or is that NEW NORMAL ?  No one knows for sure, but for me NORMAL does not really exist except in some Economist's mind.

 Now looking at the NYSE's price Average NYA, you  can see a serious double bottom.  At which Point I ask you, that if tasked with keeping markets in the UP position, would this not be a good place to start.  Using that Model you could be thinking +500 points on this NYA price Index, or even back to Jan 2 levels.   It it had to Prove Up,, it would have to better that level, so I guess that means it could go up that far before a definiative test could take place.

  JOY in Mudville, right?  Despair in Gold Bugz Towne, as well.  Well cheer up Bunkie,  "Tell ya what I agonna do for you today !!"  Keep hammering, keep pumping, until Ya got those dots on the other side of the line.

     So Mr.Nasti suggests we could visit R1, which may it be, about the same level as last Jan 2 or 3?  How long?  if this move took a month, then a half month seems right.  Beware the Ides of March?   Will that be the time the march to the Straits of Hell begin? 

Just as a reference, here is what GDX looks like, as I wait for it to find its own level:

GUESTBOOK