Gold Miners Channel Lower

10:47 a.m., EST

GDX In Trading Channel

Follow On To ‘Up-Thrust’ Analysis

First, let’s start with the July 29th analysis of GDX. That update showed price action about to ‘Up-Thrust’ into a reversal.

The update even gave a possible high for the top of the developing set-up.

That high was in the area of GDX 35.65, near the 38% retrace level.

GDX topped-out at 35.82; then reversed.

The set-up chart is shown below and followed with the price action result:

And the result …

Pulling out to look at the weekly time frame, it’s clear, GDX is in a down-channel.

The magenta arrows show channel contact points:

Summary:

Gold and the miners are not showing hyperinflation at this juncture. It’s just not there.

Something else is going on.

As with the real estate index (IYR) not reversing as expected from collapsing retail purchasing (within established malls and elsewhere), gold and the miners are not moving decisively higher.

With real estate, It came out months later (after abandoning shorts on IYR) that Black Rock and others had been buying up whole sub-divisions … specifically from D.R. Horton.

With gold, it may be something else.

As proposed several times, the ‘controllers’ may make it irrelevant.

For example, some parts of Australia are completely immobile.

If you can’t get to the bullion dealer to either buy or sell, does it really matter if the metal’s in your possession?

This is a long-term game and this site’s in it for the long haul.

Each side making its chess moves. With that, it’s probably a good idea to review the standard plan of those on the other side.

Anecdote:

From a personal standpoint, as this post is being generated, there’s a Leghorn Rooster in a dog kennel cage (in my office) that’s been crowing for about two hours.

The same one (only much larger now) seen in this brief video.



Roosters are absolutely verboten in this neighborhood.

He started to crow decisively (collar or not) about a week ago; starting around 6:30 a.m.

He was not part of the plan. The five chicks were all presumed to be hens and his appearance was sort of an accident.

Several iterations later, which included sound-proofing the garage, he’s got his own set-up in my office.

It’s been about two and a half hours now and it looks like he’s done crowing. Soon, he’ll be off to check out the hens and be on with his day.

As a result of his arrival, we’ve changed our thinking: It may not be long before sentiment (to the food supply) changes instantly. It’s possible everyone at that time will be clamoring for their own livestock … crowing or not.

They’re no guarantees we’ll be able to keep him a secret (but God willing).

However, if he can be kept on the down low and then food supplies are cut off or severly curtailed, we’ll be more than happy to offer “Stud” services … for ‘small’ fee 🙂

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

After the ‘plug is pulled …’

Jerimiah Babe:

‘The real money’s going to be made, after the plug is pulled’

Well, that’s close.

Actually, the real money’s made on the way down … when the plug is pulled … not after.

‘After’, is when you take the huge gains from the short side and then allocate that to areas which stand to recover … or at least have a good chance of recovery.

It’s a two-step process:

Nobody demonstrated that better than Livermore himself during the panic of 1907.

It’s probably no surprise that panic was potentially a fabricated event (sound familiar?).

It laid the groundwork for the Federal Reserve act of 1913.

Operating in parallel, we have the following:

Titanic engineering design approval: July of 1908.

Construction begins: March 1909.

Sea trials: Early April, 1912

Titanic ‘sinks’: April 15, 1912.

April 15th, is tax day … coincidence … no.

Whether or not there really is a ship (or which one is) at the bottom of the Atlantic, is immaterial.

What’s important, was that it all may have been a controlled demolition of the financial system so that it cold be ‘reset’ to allow fractional reserve banking.

The fly in the ointment? Unexpectedly, Livermore owned the market at the bottom. He could have single handedly destroyed the financial system by executing more short selling.

That’s when J.P. Morgan (possibly chief cook and bottle washer for the ‘reset’) called him in to appeal to Livermore’s ‘patriotism’; to not destroy the market. You can’t make this stuff up.

So, it’s time to reset the system every hundred years or so.

Just like it’s time to have a medical ‘incident’ and reduce the population every hundred years or so:

2019: ‘The Speck’

1918: ‘Espana’ Flu

1817: ‘Cholera’

1718: ‘Plague’

How does this relate to the markets? For this update, the preamble above, brings us to gold (GLD):

Gold (GLD) Analysis:

It’s no secret, price action in GLD and the miners (GDX, GDXJ), has been analyzed for months as bearish.

The weekly chart shows GLD, right at the edge of a terminating wedge; about to break lower:

The measured move … to around GLD ~ 120, is exactly at the Fibonacci 161.8%, projection (not shown).

If there’s a wedge breakdown, we have two separate measurement techniques targeting the same area.

The next chess move, is probably not going to be dollar destruction.

No. The next move is likely to be as stated before, supply chain shut-down with the objective of ‘starve them out’.

In a prior update, when that statement was made, it may have sounded extreme. Now, we have this interview and time stamp (8:11), where we get the exact same thing.

Take Action:

This article, just out on ZeroHege is a good one-stop shop to start or continue being out in front of ‘events’.

Here’s a brief video of one man’s action, in action:

Four hens, a rooster, in an urban setting (houses on three sides).

The rooster was not part of the plan. If you look closely, you can see his ‘No Crow‘ collar … it works most of the time.

He was unexpected but is now seen as an asset.

He keeps the hens under control (otherwise, they fight) and gets them all back in the coop at night.

Is it a hassle: Yes.

Is it messy: Yes.

Will the neighbors not care about the crowing, be clamoring (and paying with cash, gold, silver) for eggs and chicks three months from now, if/when food shipments are cut off? Probably, yes

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

GDX: Short Sell, Set-Up

11:50 a.m., EST

Gold miners back at it … about to ‘Up-Thrust’

The daily GDX chart is almost self-explanatory.

Price action spent about seven days in spring position before finally getting up enough energy to launch. The past two trading days have been essentially straight up.

Straight up that is, into known resistance.

This site’s not part of the hyperinflation crowd. It’s too easy to jump on the bandwagon, get the clicks and then say it’s all ‘manipulated’ when price action does not follow the narrative.

The (market) truth is and has been for a long time, gold and the miners are not yet confirming hyperinflation.

Buying gold/silver, gets more ‘clicks’ than buying food and showing everyone your freeze-dried plastic packs.

Since you have chosen to monitor this site, you have also made a choice to access information that’s not comfortable; information that may challenge (or even change) already held beliefs on how it’s all supposed to go down.

Case in point: With each passing day, it becomes more clear that food (Genesis 41) and the ability to create it, will come first as one storehouse of wealth.

Gold and silver will come … but only after nearly everyone has had it stripped from them (not advice, not a recommendation).

As of this post, GDX, is pushing through the resistance level shown in the chart.

How it behaves if/when it contacts the 38% level, will let us know if a downside reversal (up-thrust) is in the works.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Silver … Heading Lower

2:41 p.m., EST

‘Short Squeeze’ is Over

Those getting that ‘uh-oh’ feeling with their precious metals hoard, being first to recognize the error (not advice, not a recommendation) may be out in front; liquidating to buy storable food, water filtration, protection and power.

Since there’s so much injection ‘resistance’ does anyone really think it’s over?

Next step, starve them out.

Taking a cue from the late Zig Ziglar; he would start his presentations by telling the audience the one that needs to listen most closely, the one who needs to heed (and follow) his advice most, was himself.

‘Walk the talk’ … which he did.

I personally have some silver … even some gold. However, I am following the Biblical (Genesis 41) standard of where we are (again, not advice, not a recommendation).

If I had a massive ‘stack’, there’s a risk I would begin to trust in the ‘riches’ themselves.

All that’s needed is some kind of ransom or cyber attack at major trucking centers to effectively shut down the food supply.

Its already happened with gasoline distribution … trucking companies would be child’s-play.

Here’s a presentation on just how quickly food becomes the main, if not the only consideration when supply lines break down.

The daily close chart of SLV, shows the possibility of a measured move lower to 18.0 – 18.50, area.

The caveat is, once a reversal like that gets going, the hyper–inflationists are going to get very nervous.

Then, if there’s another ‘infrastructure’ event, we could see a mass panic liquidation. The next chess move (food supply) would be obvious; the stackers would be ‘check-mated’.

Russian Ready:

Is it a coincidence the new Russian jet fighter is named: шахматы

That’s pronounced “Shock … ma … Tee” (Check-mate)

They’re standing by while the enemy continues to (intentionally) weaken its own defenses.

Recall, the Russians do not have a ‘diverse workforce’.

Not sure what the Russians would want with a pathetic soy-boy enclave of woke-ness.

Maybe they would feed them to the Chechens. 🙂

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Random Notes

The usual suspects for the week.

No. 1

You can’t make this stuff up.

CDC declares PCR test unsuitable for identifying ‘The Speck’.

For those new to this site, it’s called ‘The Speck’ (to avoid censorship, and) as a spoof from Horton Hears a Who … the speck on the clover

The speck on the clover represents how big the supposed ailment really is … virtually non-existent.

Back to the CDC.

Screen-shot of website, below:

Actual link to the website, is here.

Turns out Dr. Coleman was right (never doubted him). It’s just the re-branded, seasonal flu.

One more brick in the wall for biotech.

No. 2

You’re going to need a root cellar.

The No. 1, item shows the wheels already set in motion.

If the available data is even half-correct (pathogenic priming), it will be years, if not decades before the oscillations from this event dampen out.

So, it’s prepare for the long game.

Here are two links (here and here) describing effective, low cost root cellar designs.

No. 3

Here we go again.

It’s back to Mask on, Mask off and what the ‘experts‘ say.

What variant are we on now … Epsilon?

No. 4

Quote of the week:

You have to go where the food is as it wont be picked packaged or transported. Without food everything else is irrelevant.

The big “joke” is that people actually believe the plandemic is over when is is only just getting going, they have seen to that.

Normal is never coming back so the sooner people REFUSE to participate in what is being forced on us the faster we may have our lives back.

Unfortunately an overwhelming majority are not able to think for themselves and eventually lapse into insanity due to the psychological warfare they voluntarily watch every day.

Link to the above quote (posted in the comments) is here.

Yes, ‘Without food … ‘ How’s that stack of silver coming?

No. 5

Think like a Texan

J.P. Sears, shows us how it’s done.

No. 6

Bartering?

If it gets to bartering, Glenfiddich is the most recognizable and available 12-yr old Scotch.

No. 7

Administering The Mark

If it really is the mark, it’s nice to see ‘the church’ has become so deceived (and vile), they are helping lead the effort.

The video above, shows someone that’s collapsed just after injection; right on the steps of ‘the church’.

“And then will I profess unto them, I never knew you: depart from me, ye that work iniquity.”

Time stamp 0:02 at this link confirms the location.

No. 8

Let them eat trash

Incompetence runs the city.

Brokerage firm Schwab’s headquarters has officially pulled out of San Fran for Dallas … anyone else left?

If we’re really in the first stages of ‘balkanization’, it’s clear that Texas will be a major player.

No. 9

The one difference between ‘Conspiracy’ and fact, is ‘Time’.

No. 10

Food prices surge … supply chain about to break (if not already).

At time stamp 8:49, J.B. reports that food prices in Lebanon have increased 670%, in about two years.

Coffee futures moving up as a result of crop failures in Brazil.

If you already have precious metals … great.

If not, they may be about to come on sale in exchange for food.

Stay Tuned

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Unprepared

1:57 p.m., EST

South Africa Food Lines

The video at this link paints the picture.

Let’s use the images in that video and get deathly serious for a minute.

Imagine yourself walking up to one of the people in line, asking this rhetorical question:

“How’s that stack of silver?”

It’s no secret to anyone that’s been monitoring this site, we’re using the Biblical model (Genesis 41) for the current environment (not advice, not a recommendation).

That is: Corn and Grain (food) first … then gold and silver.

At first it seemed like a quaint alternative to the non-stop hyperinflation (no thought required) rants to continue ‘stacking’.

Now, it’s different. Now, it’s getting serious.

You won’t see that kind of line outside the bullion dealer.

Moving on to the markets at hand … once again, biotech:

LABD (SPBIO) Analysis:

After yesterday’s LABD behavior, the logical thing to do would be to put the stop at the session low.

After all, that low was just below the lows of the previous day. Good to go, right?

Wrong.

It’s wrong because that’s what everyone would do. It looks like from today’s action, that’s what everyone actually did.

Recall that price action is automatic.

If there are too many stops all bundled up at one location, the orders will (automatically) be generated to go that that spot.

LABD price action penetrated the daily lows at a deeper level early in the session.

In the process, it penetrated well defined support which in turn, puts LABD, in spring position.

That’s where we are now.

Springs are usually tested.

If price action can hold above the support boundary, expectation is for a rally to at least the top of the range: ~ 24.50 – 24.75

Stay Tuned

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Gold Channel … Down

10:47 a.m., EST

Contact points confirm channel

Gold (GLD) heading lower

The two hits on the right side channel line provide confirmation of the trend.

An expanded version of the daily is below:

So far, we’ve had the blockage of the Suez Canal. Auto parts being sent to the bottom of the ocean off Japan. ‘Mysterious’ grain silo fires destroying harvested crops.

But wait, there’s more. This just in:

A fire has destroyed the largest grease plant in the U.S.

If transportation is shut down as a result of cyber attack, fuel pipelines off-line, no grease to lubricate the wheels or any number of other (planned … and don’t think there’re not) events, the last thing that’s going to help get anyone through, is a ‘stack’ of inedible metal.

It’s no secret this site’s been using the Biblical precedent of Genesis 41.

That is: Grain and Corn come first … then gold and silver.

The ‘stacking’ public has got this message reversed. Of course, this is not advice or a recommendation.

However, for those that can see, it’s so obvious the goal is ‘controlled demolition’ of the supply chain. All of it.

We’ll put everything back to ‘normal’ if you just get injected.

Meanwhile, biotech IBB, and SPBIO, have both posted a new daily low.

IBB is poised to penetrate the resistance area identified in this update, and come back to test the wide bar.

If that happens, we have a Wyckoff up-thrust in play. More analysis of biotech to follow.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Gold, The Big Picture

The bottom line for gold is: Retrace, lower

No-one in the inflation camp wants to hear that … it’s uncomfortable to face the potential of being so wrong.

Albeit wrong in the short term but probably right later … after it’s too late. More on that farther down.

Just like the lazy (and complicit, we might add) financial journalist publishing the standard (speck blaming) propaganda for the day, so too are the hyper-inflationists, jumping on the most popular bandwagon in town.

Not even considering the potential for a retrace; admittedly, which could be short and sharp but significant nonetheless.

This site has presented several times, we’re in a situation similar to that of Genesis 41. It’s the corn and grain first … then gold and silver.

Just to back that up a bit before getting to the charts, we have the following:

Crop failures world-wide

Systematic destruction of the food supply chain

Systematic elimination of farms and viable (for millennia) ranching practices.

Solar minima activity (decreased sun-spots) causing erratic weather patterns, shifting growing zones; even as far as sub Sahara, Sudan.

Those so focused on stacking metals will likely be using that stack to pry much needed food, food staples, seeds and fertilizer out of the hands of those not willing to sell … at any price.

Why are the oligarchs not worried about the ‘little guy’ stacking metals?

Because there’re going to make it irrelevant … at least for just long enough to completely bankrupt, starve or ‘inject’ the middle class.

Moving on to the charts:

The title header said ‘big picture’. Here we are with monthly gold charts going back to the 1950s, time-frame.

It’s been a long … long bull market. It appears to have made a top at ~1,972 and is retracing … if only just a bit.

The second chart is the one that gives us pause. Consider the potential for a more substantial pull-back.

Markets like to retrace and test. It’s what they do.

That second chart is scary. It’s plain, the 760 – 780 area is a long time (monthly) support level that goes all the way back to 1980.

Absolutely no-one expects, or is planning for gold to get back to $800/oz, or lower.

Think of the irony. The ‘stackers’ (and maybe the rest of us), having to exchange actual money, gold and silver, for worthless fiat just so they/we can buy food to stay alive.

After the middle class stackers have exhausted their metals hoard, that’s when gold and silver will launch into the next bull phase.

It has been done this way (keeping the peasants under control), literally for millennia. The method works … why change?

Summary:

The intent here, is to at least recognize the possibility for the above scenario. It’s clear and becoming more clear every day, food is the weapon of choice.

The objective is to have enough food ahead of time; be in position to take advantage of once-in-a-lifetime metals prices should that opportunity be presented.

Stay Tuned

Charts by Macrotrends

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Another Brick … in Biotech

4:36 p.m. EST: Updated with additional data below in red

10:26 a.m. EST:

If the adverse event database can be trusted (a question in itself), the number of people recently injected with ‘speck’ protection, has fallen off a cliff.

The April 16th update linked here, had this to say:

“You would think it’s just a matter of time before this reaches some kind of tipping point; where enough of the herd realizes all at once, the lie.”

The abrupt halt in reaction uploads would indicate a jump in collective awareness the ‘speck’ is a lie … just in time for the next ‘event’ (likely to be food supply or cyber disruption).

Before we get to any market analysis, there’s one more thing concerning biotech … the masks.

Since investigative reporting has been usurped by controlling entities pushing false narratives, information now has to come from the individual(s).

That data is typically in raw form; unlike the slick presentations (i.e. lies) we’ve grown used to on the mainstream.

It’s now up to the researcher to do the leg-work on what’s real or not.

However, this link, appears to be above-board. Download the file if your viewer will not work.

A medical professional has investigated (internet rumored) mask contamination and has found disturbing results.

She is visibly shaken by her findings … probably realizing for the first time, the level of evil that’s directing controlling interests, world events.

She can’t fathom that someone would intentionally put parasites in a product that’s being pushed by the mainstream for us (and children) to wear ‘two … or three’.

Unfortunately, that’s where we are.

This author knows for a fact, a certain big-box home improvement store, handed out boxes of these same (type of) masks ‘for free’ to its employees.

When those employees for the most part, refused to wear them …. it then became a corporate directive, subject to termination.

Most of those employees eventually replaced the paper with a nylon-based covering. However, looking at the video, it seems like just one exposure to the paper masks is enough to inflict unknown levels of harm.

Intentional parasitic contamination … one more brick, in biotech.

Update: A contrary opinion is here:

Harmless textile fibers.’

You’ll have to make your own call. Both sides (parasites non parasite) are presented in this update.

Since the author of these posts has never worn a toilet-paper mask (or any mask), what’s on them does not apply from a personal standpoint.

Nonetheless, many in the public can be seen using this type of so-called protection.

Either way, the technical condition of biotech remains …

Moving on to the markets:

The chart of LABD (3X Inverse SPBIO), continues to move higher.

Our project position is being maintained (see table) and the stop has been moved up as shown:

Obviously, there’s a lot going on in the markets and elsewhere. There’s no telling when or if it will all break loose.

No matter; If that happens, we’re positioned (not advice, not a recommendation) in a market that’s already moving lower … pushing LABD higher.

Stay Tuned

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Corn in New Trend, Higher

1:53 p.m. EST, Yesterday’s update finished with this:

To wit, CORN has just pivoted to the up side in a new trend; rising at over 437%, annualized.

If and when this news hits the mainstream press, it’s likely to be painted as ‘signs of inflation’.

It’s easy to be a lazy mainstream financial press writer these days.

All one has to do, is write some financial drivel and blame ‘The Speck’, inflation or climate change for the crisis du jour.

There … done.

The next day will be the same. Except maybe we’ll throw in something about the direction of interest rates; how they too, are somehow controlled by ‘climate change’. There … done.

The hard part then, is to dig into actualities.

What’s really going on.

As the systematic dismantling of the food supply infrastructure continues, prices will naturally rise. There’s plenty of documentation supporting this assessment.

The best site identified thus far, that includes supporting data is iceagefarmer.com.

Moving on to the chart:

It’s never been the same for CORN since the Drecheo of last year (highlighted below).

After the drecheo, CORN moved steadily higher. It then morphed into a trading range around mid-January this year. Then, on April 31st, there was a major breakout to the upside.

We’re now trending at above 430%, annualized.

The dashed arrow on the middle of the chart is the exact same trend. The right side arrow was just copied and moved over to the middle area.

Markets have their own characteristics.

At this point, CORN’s characteristic is to trend, rise aggressively (dashed arrow), go into a range, then break out higher again (solid arrow).

With that, we can expect at some point for CORN to go into another range … but it’s not guaranteed. Panic may set in way before that.

My frim is not trading the grains but using them as a proxy for how much time is left to prepare. At this point, it looks like time’s very short.

All we need is another mid-west (growing area) weather ‘event’ such as an unexpected freeze or persistent flood; launching corn and grains to nosebleed levels.

That would give the oligarch’s their chance to sell it as ‘climate change’.

It is, in a way:

However, they’re the ones making the climate.

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.