today china announced a 7.4% inflation rate

This week, for instance, we have the news out of England that families there are now spending an extra £1,300 pounds a year (US$ 2,550) on household items, most notably food and fuel, which, according to an article in the Daily Telegraph, are rising at the briskest pace in 17 years.

stuff continues to rise. sooner or later, this will result in much higher gold prices.
looking for 1035 by the 1st week in march
dharma
ps. how long will bond investors continue to accept these low yields?

dharma
A couple of charts that IMO show inflation and confirm your commentary. Go gold.
Best to you.

DBA has been an unrelenting bull.



$TYX is on a buy with 49.59 as major resistance. Back and fill for a bit and once we move past that................

jg, nice charts. take a look @the crb. my buy signal friday on the close(posted on the thread below), says we have the potential to go to 1035 by the 1st week in march. juniors will surprise @some point in the future. awaiting the publics arrival in the sector. the dollar is toast.
dharma

Thank you dharma.



Yes, I read your post on the crb. Regards the metal price, jrs., and the dollar I cant agree more with you. As you so aptly put it......stay buckled up.
Best to you.

stagflation is here.
xau has run into stiff resistance from gann angles down from the highs. it has been pushing against it on my hourly and daily charts since yesterday. once that goes 192 comes into play, then the highs come into play. i think the resistance will be broken soon.
dharma

dharma
Below is a daily chart of the XAU. I drew a purple line across the chart @192 resistance for a visual aide. The chart automatically updates. Go gold.

resistance is now support. and 187.16 cleared too. now looking for 192.
musharraf lost! destabilizing in pakistan!
dharma

Several of my PM juniors are gapping up; yesterday and today.

I think this sector along with Oil service and uranium are
at historic long term buys.
All 3 are severely depressed from the latest deflation scare
and ready to explode as we swing to stimulated rising markets
during the election year = INFLATION !

I read yesterday that China has announced it will
dedicate 100 to 200 billion to secure uranium for it's
40 some new nuke plants.
Jim Dines may be right.
Uranium may be the most highly geared investment
ever.
Did he say EVER?

rock, i think all commodities will be in bull markets. which uranium plays are you watching! thanks dharma

DNN will attract earlier money as one of the world's few producers.
Canadian Jrs. I like:
KRI, STM, HAT, JNN

thanks rock, i will take a look.
gold hit 950 which is a natural resistance # i look for a day or 2 correction. then another leg up.
dharma

my stuff is showing march 7th give or take 5 days as the top for this move. i am looking for this cycle to right translate, meaning last a little longer. my theme is that we are in the base of the parabolic and corrections will be short in time, but could be steep in price. and then later, no more corrections just straight up moves. last couple of nights when studying the charts of the miners, they look like they are @various stages of turning up. there appears to be much more to follow. ano appears to be a lead dog.
dharma

using the opportunity to nibble on some juniors eg useg. i am going for stocks that are bottoming or just breaking out. looking for a move to start next week
dharma

My crystal ball shows the exact opposite actually. The PMs likely topped out for the 2nd stage advance that began in December. Along with the stock markets, there should be some pain in store until March 4-6th when a major low is due. For the PMs, this will likely mark the beginning of the 3rd and last stage of the PM advance that began in August 07. Gold should pullback to 885-890 and Silver to 16.50-16.70 range.

kaotic: what is the nature of your crystal ball?

Mostly pattern recognition from the 05-06 advance, seasonals from several sources, COT buildup and more importantly, intermarket developments in other commodities i.e, energy and stock indexes as well. The final leg that should end in some type of highly speculative blow-off top could carry gold up to $1250, silver to $25 and platinum to $2700. just my 2c but this is how i'm loading up.

It sure looks like the boyz are unloading against unsuspecting longs today. The intention appears to have printed a bullish MACD crossover to the upside to fake out new bull positions into the metals just before the takedown. Targets still remain 885-890 on gold and 16.50-16.70 on silver within the next 10 days. This low will be the last opportunity to load up for the final run higher into May/June timeframe.

this correction is close to running its course. done buying .
dharma

useg is an interesting gold, copper, uranium, etc
play. bollinger bands on the hourlies are squeezed. its going to bust a move
dharma

I've seen the March 4-6th date from a few others who do cycle work. What do you make of Crawford's LOB for the pm complex March 8-15th? He's been quite good and quite awful with his calls as far as I can remember.

LOB?

Look out below.

i think this leg has alot more upside. in spite if imf sales gold remains very firm. the last 2 days were hammers. loa
dharma

i think this leg has alot more upside. in spite of imf sales gold remains very firm. the last 2 days were hammers. loa. food stuffs continue to rise. so does the crb. and oil is pressing the highs. and i expect ng to bust a move
got the metals!
dharma

I agree dharma. LOB is look out below. That isn't the direction I think we are headed.

does anyone else see a parabolic starting in the jrs.

yes, we are in the early stages of a parabolic in the whole complex. this will end in a parabolic blowoff. i think this has alot more to go before we go into the vertical stage. folks who are looking for deep corrections have not studied parabolics. it aint gonna happen
buckle up
arms and legs in the vehicles
the shares didnt top till sept-oct of 80, gold topped jan 21st of 80. the shares have a lot more to go. of course it doesnt have to happen the same way. but its a marker, the higher gold goes, the more profitable the majors are. juniors are @different stages of development. they will be taken over, overspeculated in, and reach astronomical valuations. it is all ahead of us
dharma

and for those whose hopes lie in a dollar rally, or revival. we are witnessing the destruction of our currency and the government is complicit in it. my targets are much lower, yes rallies will occur but only lead to lower lows. now the ceiling is below 80. dharma

Of course this is all speculation but this time around I think the metals run long after the shares will have topped. I think we have a few years left in the mining share rally. The SP ran up by a factor of 15 from '82-'00. I think the XAU will outdo that marker. That's 3 times up from here. Nearly a 5 timer in PMPIX and we are well off the bottoms. We'll have corrections but it is early. We're not even 7 months off the August '07 bottom.

gold and xau/hui spinning their wheels, in resistance here. close to my time frame for a correction. which could be sharp in price but short relatively speaking in time. dharma

the shorts will use the opportunity to call a top, but its not to be. it appears that we will again enter into a more powerful 3rd wave to finish this phase. governments world wide are printing, thus the whole commodity complex is going higher. stuff is dear . however, w/the housing mess, money is evaporating quickly, thus STAGFLATION @this point. good for the metals.
the currency ie the dollar is the easiest vehicle to jettison and they have. its going alot lower. there will be rallies, but their failure will result in lower lows.
awaiting the publics arrival in the sector. it shouldnt be too long. the game is becoming more and more blatant. the usa will become like south america, most will be poor, a small middle class , and a small upper class that own and control everything.
dharma

pretty impressive #s if one considers where we have come from.:
http://www.marketwatch.com/news/story/sent...BEEE3D21D970%7D
for those looking @ small exploration companies this one caught my eye.
http://www.exploresources.com/video/compan...ee/1/video.html
dharma
the pause that refreshes

slow, steady, orderly rise w/the pause that refreshes! next week will be interesting.the 8th is the bradley.
dharma

seems everyone is eager to call the top! the money is made trading w/the trend. the trading graveyards are littered w/traders trying to get the top or the bottom! dharma

with that i agree dharma: never seen as much top calling in the metals sector

gold going over 1k on this leg, still have the fed meeting ahead. lots of problems in the muni bond market. commercials have had a large short position in silver, @ what # do they start to cover, $20? if not here the panic will be down the road. just hanging tight, dharma

while silver is pretty extended, and gold is also overbought, i am looking for more upside, we are still short of my target 1035. i am looking for a shakeout of the shorts in the juniors, ie a powerful upmove that gets em running. still more upside ahead, this is not going to end w/a whimper, but w/more verticality. wearing a neck brace
dharma

ending diagonal on the broads, ringing a bell
expect a rocket ride later this month in the precious metals if todays lows are tested on xau
/hui. will be on margin
dharma

not sure that was the whole correction, but it doesnt matter to me. i am in this until we are well into the parabolic. i am thinking the public
will come into this sector when gold goes over 1k. awaiting their arrival.
i tip my sombrero to senor. good job.
dharma

while looking @the historical gold chart, one can see consolidations @675, 775, 875, and i expect one @975 which is what we are starting to develop. and notice each consolidation was shorter in duration than the previous one. this one should continue that trend. so some consolidation here for the next upmove
dharma