GREY:ALXDF - Post by User
Post by
goldopportunityon Mar 09, 2017 6:35pm
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Post# 25960484
Fwiw....
Fwiw....So we wait for the jobs report tomorrow am. If it's a big number the Dow will probably spike to start the day, and then I'm figuring a sell-off that will extend until Yellen's decision next wednesday. As much as Yellen and her gang insist that it's time for rates to rise, I'm speculating that that's not what she really wants. She's gotta be afraid of the bond bubble bursting on her watch. Once the 10-year breaks thru 2.62 then it's pretty much game over imo. She'd have no coals still in the fire and, in fact, she may have to have a rate cut before too long. So I'm sticking with NO rate increase from the fed. We'll see what happens.
As for the gold stox (including azx). Well, believe it or not, they're looking pretty good. The jdxj, xau, and hui are all stabilizing. I wouldn't be concerned about paper gold which dipped just below $1200 intra-day. It may even dip more tomorrow am depending on how strong the jobs report is. The gold stox look likely to lead the physical on this next up move. Speaking of physical pog, if you want the real price of gold, look at the sge am and pm prices. The sge only deals in actual physical gold/silver...no paper. You pay with immediate cash or gold/silver. sge = shanghai gold exchange.
As for azx, it's basically range-bound. But I like to think of the price action as a coiled spring, that when sprung will result in much higher prices. I won't mention the name, but there is a mm who for the last several weeks or more has been buying several K a day, usually at the intra-day high. I like seeing that. That indicator I mentioned the other day that gave me the signal that we could take out .06 as soon as tomorrow went neutral yesterday. So we just patiently wait like everyone else who own gold stox. Things are about to get very interesting very shortly. Have a good friday. Jmvho.
goldopp