Time Tunnel … GDX

Rendezvous With The Future?

Are gold and the miners destined to collapse?

Are the miners on some choreographed mission to take out themselves, the gold bulls, and ‘stackers’ in one fell swoop?

At the bottom (if there is a bottom) will Newmont, be the sole-survivor or will some other mining entity emerge as the next leader?

Year 2022: When It All Hits

As Bjorn Bull-Hansen has suggested in this post, we’re potentially just months (maybe weeks) away from a mass-awakening.

That is, there’s no, or very little food.

What food there is, seems to get mysteriously wiped-out by some never-before-seen weather event.

It turns out that precious metals and the grains, i.e., wheat, soybean, and corn are at this juncture, inversely correlated.

Gold & Grains: Inverse Correlation

What kind of nonsense is this?

I thought we were supposed to be in a hyper-inflation event. I mean, the financial press is aghast about it. The YouTuber’s have jumped on and provided their own non-thinking “me too” assessment.

How can it possibly be any different?

The official narrative has been sanctioned by the press and YouTuber’s alike. It’s a consensus!!!

Let’s put it this way, if your (or my) favorite YouTuber is not being harassed, shut down or otherwise ‘cancelled’, are they really offering any useful information?

So, what gives?

How can gold, precious metals and the miners be inversely correlated with grains and/or corn?

Well, ok. Let’s take a look.

Below is an un-marked daily chart of gold proxy, GLD.

Can you pick out the ‘Derecho of 2020?

Let’s put in a big arrow showing when that crop-destroying inland hurricane (just before harvest … how convenient) showed up:

Below is a daily chart of tracking fund CORN; showing the correlation.

The markets in corn and gold never looked back.

Now we have this report from ice age farmer, just out. Trucking shipments between U.S. and Canada could be reduced by 15% or more.

As a result, food shipments are likely to be impacted starting this month.

Sustainable, Self-Implosion

If the negative correlation between gold and the grains wasn’t enough, we also have the controlled demolition of ‘sustainability‘ being put in place as well.

Tony Heller was part of the YouTube purge a few years back. He wound up being one of the first major hitters moving to NewTube.

Sporting no fewer than five science degrees … one of them being Master of Electrical Engineering from Rice University, he has systematically dismantled the propaganda and cult of climate change.

As with our second link above (repeated here) the only climate change of note, is the one being sprayed in. 🙂

So, most if not all major corporations are implementing plans, that by definition (unless reversed) will ultimately result in their own collapse.

After all, if you’re implementing plans and actions to address something that’s not there, what are you doing about any real tangible problems in the company?

Back to the topic at hand.

Senior Miners, GDX.

As stated in the first paragraphs above, GDX seems to be on some kind of time-tunnel mission.

Yesterday, it was shown how GDX is in a huge trading channel … with Friday’s price action potentially confirming the right side.

Next up, scheduled for tomorrow are specific and repeating Fibonacci time correlations between GDX inflection points and channel widths.

Stay Tuned

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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 Danger Point®, trade mark: No. 6,505,279

Carvana Has No P/E

No P/E

No Grade-Point

Another Animal House ?

Delta

‘All courses, … incomplete

If your biggest claim to fame is that you ‘invented’ a vending machine … you’ve got real problems.

No haggle pricing, thin margins and high volume, have already been pioneered by CarMax.

So, what’s left … you get to select your car with a token and vending machine?

Based on available data, in the past three years, CVNA had one profitable quarter. Those results were released in August, this year.

About a week after that, CVNA breaks its uptrend, goes sideways and now, is heading lower.

CVNA Trend Break

The daily chart has the arrow showing the only profitable quarter in three years.

On the other side of business, we have CarMax … where every quarter for the past ten-years has been profitable.

Double The Bubble

During the melt-down in 2007 – 2008, new cars on retail lots had window stickers that said ‘$10,000 Off List Price’.

We’re probably double the bubble of then. With that in mind, even CarMax looks poised to have a hard time.

As the economy (if you can call it that) falls off the cliff, one of these two (KMX, CVNA), is not likely to survive.

So, we can expect even deeper discounts.

However, this time, it’s likely to be a choice between buying food or buying the SUV at 70% – 80%, off retail.

On the positive side, that SUV can be put to work hauling fertilizer (if it can be found) for raised bed gardens. 🙂

Stay Tuned

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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 Danger Point®, trade mark: No. 6,505,279

Starving For Profits

Control Food, Control Profit

The next chess-move.

This article, just out, is one more data-point on where the next choke-hold will be applied … literally.

If you think about it, this could be the way precious metals are made irrelevant … just long enough for the ‘stackers’ to sell it all 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 Danger Point®, trade mark: No. 6,505,279

Silver, Going To Single Digits ?

It’s A Depression

And

It’s An Industrial Metal

They don’t call it ‘silver solder’ for nothing.

As the link above says, it’s almost ‘impossible’ to substitute.

Silver goes into nearly everything electronic.

Depending on whom you believe, the mainstream says the Future’s So Bright … right?

However, the charts say we may be headed much lower.

Remember the silver ‘short-squeeze’ and the little guy putting-it to ‘The Man’?

At this point, the only silver put around is on the little guy.

The Man’s going merrily along; short the sector that was so recently hyped with gold to “$3000 In Months, Not Years”

In Steven Van Metre’s latest update, he said no fewer than three times, the Fed ‘does not print money’.

It’s a false belief (by the public) they’re not about to change.

At the end if his video, he promised a report … or to make accessible his research on how that (not printing) is so.

Bringing us to the market at hand.

Silver (SLV)

Monthly un-marked chart.

The main thing to note above, SLV, is not at new highs.

In fact, at today’s price, SLV is down over 57%, from its all-time high set in April of 2011.

That in itself, should say there’s something wrong with the inflation, hyper-inflation, narrative.

Using a standard Fibonacci projection tool and tagging the 2011 high, the 2020 low, and the 2021, retrace high, we get the following:

It’s a little hard to see … so we’ll zoom in on the right side.

The 50%, Fibonacci projection, is somewhere between SLV: 9.00, and 9.50.

The premise for declining past 38% (around 13.70) and getting at least to 50%, is predicated on the collapse of the economy and subsequent evaporation of silver demand … at least from an industrial standpoint.

The precious metals ‘stacker’, discussed below, might become more interested in obtaining food than continuing to stockpile something that in times of famine, has very little use.

With the SLV chart above, is that even possible?

SLV, to single digits?

Well, can oil futures go negative?

Enough said.

Food As The Weapon

This site’s been steadfast in thinking, it’s the food first, then silver and gold.

Here are two more links to add to our ‘stack’ supporting that assessment.

The Stage Is Set

Famine Comes Next

As Bjorn says in ‘famine’, come this spring, when the masses realize there will be no (or very little) food and/or you need ‘papers’ to buy food, market pandemonium (if not already) is the likely result; precious metals included.

When To ‘Stack’

So, when will be the time to acquire precious metals (not advice not a recommendation).

It’s deceptively simple; ‘When you don’t want to’.

The time to acquire an asset, is when nobody else wants it … including you.

Positioning short the gold miners GDX, was done when everybody and their dog was a manic bull; screaming an upside breakout was “imminent”.

As Prechter said, positioning opposite the herd involves overriding the limbic system of the brain.

It’s an intellectual (logic-only, thinking) process.

However, overriding the lower brain, i.e., going against the herd, is physically painful.

Excruciating, is a better description.

He went on to say, some of the best traders/speculators he ever knew, were former Marines.

Positioning

Coming up (most likely tomorrow) will be a chart showing positions opened in GDX inverse fund DUST (not advice not a recommendation).

There’s no obligation on this site’s part to reveal that information.

However, it will help explain how the market itself directed trading actions.

It will also show how the on-going reversal corrected several entry errors on my part.

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 Danger Point®, trade mark: No. 6,505,279

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

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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 …’

Updated, 12/18/21, with notes in blue text.

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.

Gold (GLD) did break lower but has not progressed to the measured move. Latest update is here and here.

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’.

Correct but not the way the media plays it.

They attempt to tie it to ‘climate change‘. Yes, the climate is changing but the earth is getting colder, not warmer. Crop failures are the result.

Couple that with intentional weather modification (weaponization), controlled demolition of the supply chain and voila! Food becomes scarce or more expensive or both.

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

Mass recognition of potential famine to come in the spring when the farmers do not have enough ‘inputs’ (seed, fertilizer) for a viable crop.

Don’t forget about no spare parts for farm equipment.

Scaboo

The rooster, “Scaboo” was such a happy camper that he was crowing all day.

He was moved outside of town to a more rural location.

We still have access to him if needed for fertilized eggs.

Here is, all grown up and strutting his stuff

Stay Tuned

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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

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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

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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.