Weekly, Wrap-Up

The Usual Suspects

Bogart

No. 1

Airplanes Dropping Like Flies.

A very brief search of the most recent crashes or incidents are here, here, here, here, here, and here.

It’s all just a coincidence or maybe it’s because of this.

The repercussions of on-going events are just getting started.

This is a long-haul chess game.

No. 2

Americans Take Up The Gauntlet … Go To Vegas

What a pathetic bunch of cowards.

If you’re blowing whatever’s left of your money (or credit), it’s likely you have no real marketable (high pay) skills, no talent, lazy, obese; so, we’re off to Vegas.

Add to that, we’re just at the start of the depression.

Patera, from Appalachia’s Homestead (time stamp 4:24) addresses the problem a little differently but her final assessment is the same.

It’s true, there are some barriers to learning a new skill.

Dan from i-Allegedly points out the high cost to get a CDL, to be a trucker.

However, those who are awake, those with their nose in the KJV Bible, those leaving the corrupt church (in droves), knew that current events were coming; they took action way before it became obvious.

Remember this post?

It’s been nearly two years, to the day.

No. 3

Deflation Indicators

Not all prices are rising.

As the real estate sector gets vaporized, we have the natural fall-out, building materials dropping in price.

Uneducated Economist reports here, that’s exactly what’s happening.

Price reductions as we’re going into the summer building season, is a massive indicator of evaporating demand.

No. 4

Food First … Then Gold & Silver

Everything is going according to (their) plan.

Yet another indicator of the current strange weather (warfare) that’s going to strain the system.

Here’s the link to the very first post that specifically referenced Genesis 41; posted on December 31, 2020.

As with the ‘Mask on, Mask off (linked above), how has the post aged?

Is it still relevant?

What about this quote … seemed extreme at the time.

They paid for the corn first, with gold and silver.  Then they paid with their livestock.  Then they paid by selling themselves into life-long slavery. We can equate that last part (slavery) as getting the vax.

No. 5

Chess Board Strategy

It’s a bitter pill to realize we’re in the long game. ‘Normal’, is not coming back … ever.

That does not mean there’re no opportunities. There are.

Those opportunities (if we survive) are/will be potentially life changing for the good.

The Sunday futures market opened about two hours ago and we’re up around +0.40%, in the S&P.

Let’s see if that spills over to the Monday open; remembering that we’re short the real estate sector with the finger on the sell trigger (not advice, not a recommendation).

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.

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

Real Estate … Showdown !

Let The Lawsuits Begin

Let’s see …

We already have lawsuits for ‘The Speck’, injury and death.

Then we have the lawsuits because the stock price went down (always happens).

Now, we’ll have lawsuits for paying too much over asking price, because my real estate agent told me to.

Couple that with grocery store shelves going empty, power outages, fake wars (with real consequences), more corporate layoffs and voila!

The court case for any of the above, might be heard before 2030 … if you’re lucky, not homeless and we’re all still alive.

Was That, The Bounce ?

Yesterday, Wednesday was supposed to be the last chance for the bulls. The release of the CPI, being touted as a potential upward ‘catalyst’ for an already oversold market.

We even had helpful advice like this, saying ‘it’s so bearish, it’s bullish’.

Buried within that article was the caveat, extreme negative sentiment contrary indicators, only work in bull markets.

We’re not only in a bear market, it’s a full-blown collapse (so far). We’re on track for vaporization; all of which leads us to the market at hand: Real estate.

Real Estate, IYR, Daily Chart

The following chart contains a Fibonacci projection tool, showing levels from 23.6% to 100%.

Lower values such as 161.8%, are currently, off the screen.

It’s obvious, the market’s ‘respecting’ these levels as it hesitates (to confirm) before continuing lower.

However, the real story is on the hourly chart below.

Yesterday’s bounce is shown as well as a trendline.

The scary part, or good part depending on one’s perspective, that trendline’s declining at approximately 99%, annualized … effectively straight-down.

E.F. Hutton, Vice Chairman, Loeb

The late Chairman of E.F. Hutton said in his book ‘The Battle For Investment Survival’:

‘Real opportunities are rare. When you find one, it must be used to its fullest extent’.

This site adheres to tenets laid out by three masters: Livermore, Wyckoff and Loeb:

Strategy, Tactics, and Focus.

Shorting IYR via DRV (DRV-22-02) is our approach to what looks to be a significant opportunity (not advice, not a recommendation).

Summary

As long as IYR, price action continues to follow the trend lower, we’ll maintain short.

Anything can happen and the trend be violated … even at the next session about to start in 20-minutes.

However, at this juncture, probabilities for IYR, continue to point down.

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.

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

From Gold … To Crypto

Herding Towards The ‘Beast’

Are assets flowing out of gold, into Crypto?

Time stamp 9:27, at this link, Kyle Bass gives his perspective on why the precious metals (along with equities) have not launched higher.

‘People moved to other assets’

Insanity seems to be the go-forward behavior of what’s happening world-wide and in the markets.

Who knows how long the delusion(s) will last?

All it might take, is one major ‘Carrington Event‘, Coronal Mass Ejection to rip the mask off Crypto; just as this link has done with the truth of ‘The Speck’ protection.

From a predictive programming standpoint, it’s interesting the typical symbol for crypto, the most popular ‘Bitcoin’, is colored gold.

Which brings us to the actual chart of gold (GLD).

Gold (GLD) Weekly

From a Wyckoff, tape-reading approach, we have to trust what the chart is telling us.

That is, gold has reversed.

Earlier posts on gold and the miners have effectively stated, there’s no more ‘fear’ to be had save an outright nuclear detonation.

If that happens, it’s doubtful that anyone will be running to the gold market for protection.

Does everyone have Potassium Iodide tablets? If there’s an ‘event’, they’ll be worth their weight in gold (literally).

The Noose Tightens

Constriction, elimination of the food supply (along with everything else) continues and is accelerating.

Fortunately, or unfortunately depending on perspective, we’re watching a potential major opportunity unfold.

That is, the opportunity to acquire hard precious assets when (nearly) everyone else liquidates.

Gold to Crypto

Is that even possible?

Would gold (and miners) be sold off to buy Crypto?

According to Kyle Bass in the link above, it’s already happening and has been for a while.

From a ‘beast system’ standpoint, it makes perfect sense, going from the pure (i.e., gold) to man-made, corrupt.

Junior Miners, GDXJ

The last post showed GDXJ, at the danger point.

This (juniors) sector seems to be the most sensitive to metals fluctuations. So, we can use it as a leveraged proxy for the overall market.

One has to wonder what kind of ruse will be created to have the masses dump their precious metals ‘stack’ and panic into crypto.

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.

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

Newmont’s New Highs

How Long Will This Last ?

Looking at the charts below, the amount capital being thrown at the last man standing, NEM, is stunning.

A real sustainable precious metals (and stocks) bull market typically starts with the weakest sectors.

They are the ones in the worst financial shape. They are the ones to benefit the most from an increase in metals prices.

That’s not happening.

Instead, we have what looks to be a market thinning out, on a massive scale.

Everything being poured into the leader … Newmont.

The charts below are from Monday’s close. Scroll up and down to get a ‘feel’ for what’s really happening.

It’s a bull market, non-confirmation on a huge scale.

Basically, the rest of the market, the rest of the Senior Miners and Juniors, don’t believe current conditions are sustainable.

How could they be?

Let’s get real and pose even the most basic questions.

How are these operations going to get spare parts or new equipment for their operations? How are they going to feed their employees?

Lastly, what about the ones that have forced their workforce to be injected?

Newmont (NEM), Weekly Close

Senior Miners, GDX, Weekly Close

Junior Miners GDXJ, Weekly Close

The price action alone, tells us capital is flowing out of all sectors and into Newmont (NEM).

Just to make sure the herd continues to herd; that no-one else, is presenting this information, here’s a brief list of recent ‘analysis’.

Me-Too: Gold To The Moon

Will Gold give a Massive Breakout From it’s Sideways Trend ? Lyn Alden Prediction

Gold & Silver Breakout | On Track to Go Higher

GOLD Prices Will Not Stop RISING!! BUY GOLD Before This Happens.. – Chris Vermeulen | Prediction

Gold Breakout: Breakaway Gaps Confirmed

Silver Will Hit $1200/OZ as Russia Invades Ukraine – Lynette Zang | Silver Price Prediction

Gold price rally will power to $2,700, then $7,400 as ‘perfect storm’ brews – Chris Vermeulen

__________________________________________________

A Different View

Momentum indicators are pointing higher for both gold and the miners … that does not mean it’s a buy (not advice, not a recommendation).

For both GDX, and GDXJ, they’re entering up-thrust (potential reversal) territory as discussed in a previous post.

It’s time to monitor the sector for potential exhaustion and change of momentum.

That momentum could take a while to bleed-off … being patient is just one requirement for successful speculation.

Summary

From the panic, you would think no one’s ever seen a down market. On top of that, we’re potentially just getting underway.

This is the exact environment where Wycoff analysis comes to the fore: ‘What’s the market saying about itself?’

That analysis says, gold and the miners could still push a bit higher but there are huge disconnects under the surface; not the least of which, silver’s also not confirming the move.

More on that, later.

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.

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

Intel … Off the Cliff

Four-Year Top

Kick-Off … To The Downside

A massive four-year top, along with the latest ‘road-map‘, has this one going down; most likely, for good.

While other chip makers, have gone to near stratospheric levels such as Nvidia, with its 23,960% gain from 2009, lows, Intel has languished.

The rest of the markets, S&P, Dow, QQQs, have pushed on higher while INTC, has spent the last four years, in a trading range.

A sideways market is a bear market.

Intel never recovered its luster after the Dot-Com mania of the 2000s. Price action spent eight years heading sideways-to-down before bottoming out in early 2009.

After that, it’s been a long struggle to current levels.

Now, the markets have reversed and the economy’s collapsing. We’ve likely seen market highs that won’t be repeated in the lifetimes of anyone reading.

Friday’s announcement may be the kick-off for sustained price action to the downside.

INTC, Chart Analysis

The daily chart shows at least one breakaway gap and possibly two.

The next chart is on the weekly timeframe and identifies the long, multi-year, topping pattern.

When looking at these patterns, be reminded about the scale of what’s happening.

This wedge is massive … at least four years in the making.

Note: Price action finished the day right at the lower support. There could be a rebound on Tuesday (market’s closed Monday) or we could just keep going lower.

The SOXX Connection

Intel’s fifth in market cap of the SOXX, with Taiwan Semiconductor (TSM) at the top of the list.

Even the leader TSM, may not be immune to trouble.

Here are Fab locations for Taiwan Semi, located just off the coast of mainland China … nothing bad going to happen there, right?

And then, there’s this:

The SOXX, Drops

The SOXX, has been analyzed using Elliott Wave and Wyckoff.

Each method indicated potential for reversal.

In the case of the ‘wave’ analysis, if it proves correct, we’re possibly in for a sustained ride lower.

The daily chart of SOXX, shows each analysis point where a reversal lower was projected.

It’s clear from the chart and documented links, both methods nailed it … to the day.

Elliott was earliest and caught the exact point of inflection.

Wyckoff caught the test of the up-thrust.

Here’s the important part:

Wyckoff is a practical, bread and butter method. It looks at what the market’s saying about itself … is price action showing pressure to the upside or down?

Elliott Wave looks at where the market could be or is going.

If we’re really in an Elliott Wave Three down, it’s likely to be a decline like no other.

There are other indicators not market related, giving us hints, a massive collapse is ahead.

A Decline of ‘Biblical’ Proportions

Warning:

The following contains scriptural references.

Those who are in ‘it’s all a myth and fairy tales’ crowd, feel free to scroll to the ‘Summary‘.

For the rest of us, the secular world calls it ‘systems collapse’. The spiritual world calls it ‘judgement’.

Stated many times on this site, ‘the church’ is corrupt. Here’s just the latest salvo proving that point.

Along with the corruption, we now have the strong delusions prophesied over 2,000 years ago.

In reference to a Stew Peters broadcast, linked here, on the numerous media lies, is this comment (emphasis added):

“The only people to blame for this Stew are the ones who put on the mask, who distanced, who took the shot, who harassed other people and who advocated for my freedoms being taken away. Without doing five minutes of research.”

It’s not too much of a stretch to say, those who voluntarily injected themselves were (or are) in a place of delusion.

“And for this cause God shall send them strong delusion, that they should believe a lie:”

Also said many times, ‘The Speck’ as we call it, is a hoax. It’s a lie. It does not exist.

However, the injections are no lie … but the reasons for those injections are false.

Can this (spiritual assessment) really connect with what’s happening in the markets? How does it relate to actual price action?

Obviously, it can’t and shouldn’t be said that any specific price movement has been prophesied.

However, we can use the scriptural references to point us to the probability of events; the big picture, the situation at hand, the signs of the times.

The probability that we’re at some kind of major inflection point of Biblical proportions, seems exceedingly high.

Summary

Both Elliott Wave and Wyckoff Analysis, support the probability of lower prices ahead for the SOXX.

Because Intel (INTC) has been a laggard in the sector for years, suggests it may be one of the downside leaders.

As if to confirm the assessment we’re past the pivot, that generational highs have been reached, we have this just out, on ZeroHedge.

At the very bottom of the article, is a quote.

No, they’re not quoting from the King James Bible of 1611; they’re quoting from Shakespeare’s Richard III, of 1594.

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.

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

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The Usual Suspects

Special Edition … ‘The Dam Is About To Break’

We have a crescendo of events.

No. 1

Corruption At The Highest Levels

Hearings on Capitol Hill on what we call ‘The Speck’ (to avoid censorship) and “corruption at the highest levels”.

Those of us who are awake, already know about the corruption … it’s just nice to see it hitting the mainstream.

No. 2

Cowards, To Brave ? … Probably Not

Max Igan in this video seems to think those who have been brainwashed into murdering their own children, will all of a sudden become brave and wake-up.

No, an alternate (more likely) view is, those who have been duped, fooled, the cowards, or just plain stupid, will likely turn their anger, not to the perpetrators … but to those who are even now, being referred to as ‘purebloods’.

In his own video, at time stamp 10:30, he shows the type of behavior that may go to a whole new level.

Does anyone think these people are going to become more sane, when they find out the truth of the injections?

No. 3

Greedy Implosion ?

Another Stew Peters broadcast where the guest, Karen Kingston has sifted through legal contracts, patent application and patent abstract documents.

She may have found a chink in the armor.

Looks like in the haste for profits, one manufacturer of ‘Speck’ protection may have done so outside the umbrella of lawsuit ‘immunity’.

No. 4

Robinhood, Swimming Naked ?

It’s happening fast.

When the (economic) tide goes out, that’s when we see who’s left their swimsuit behind.

HOOD stock price may need to brace for impact … at zero.

No. 5

Bear Markets … The Great Equalizer

Everybody’s a genius in a bull market.

When the trend turns South, that’s the opportunity for one’s market skills to stand apart from the ‘genius’ crowd.

As this article says, ‘bear markets are tough’.

Indeed. We can see how tough (and profitable) they are from Livermore’s attempt to short the market during The Panic of 1907.

As stated in Reminiscences, the story goes that he recognized a huge market break coming but started shorting too early … in 1906, as the market continued to rally.

Eventually, those rallies completely depleted his capital. He went broke.

The book goes on to say he began trading again later on but does not say how he got another capital stake; just that his credit was good at the brokerage office of ‘Ed Harding’.

We have to go to Wyckoff’s text from 1910, to find out that Livermore hocked his car for $5,000 and may have used that to re-establish his trading account.

After that, his trading errors corrected, he eventually covered his short positions at the bottom of the panic, October 24th of 1907, with over one million in profits (around 30 million in today’s dollars).

No. 6

T-Mobile: Set To Implode By April

Is dumb going to get smart? Like in No. 2, above, the answer is probably not.

T-Mobile is set for implosion by April.

No. 7

What’s The Motive ?

If you ever watch ‘Forensic Files’ or similar broadcasts, the police and the lawyers are always looking for the motive to commit the crime.

Well, here it is.

No. 8

And Then, There’s This …

Activist Post in this article is naming names.

Data and artifacts are piling up to dam-break levels.

There’s a virtual army of citizen journalism working to discover and sift through databases and documents.

No. 9

The Parting Shot:

What does any of this have to do with the markets?

Well …

Get your popcorn ready, ’cause Kansas is going bye, bye ….

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: Now, It’s Obvious

It Was Never A Bull Market

The bottom’s falling out of the equity markets and the miners are going right along with them.

For long-time users of this site, this lack of a sustainable bull market in the mining indices was identified long ago.

Fifteen months ago, we had the following post. Let’s review and give it an update:

‘What’s wrong with this picture?’

The Charts:

First off, we’ll re-post the weekly close chart of Junior Miners, GDXJ as it was then (October 25th, 2020):

The following quotes were also part of that report:

“One way to look at it is, the junior sector does not believe gold (and silver) prices can be sustained at current levels.”

“Or, if they are sustained, there must be something else at work that would prevent them form obtaining a substantial profit.”

Now we know, nearly a year and a half later, that “something else at work”, is what we call The Speck and the Speck-Effect.

Not only that, energy (and money) that’s being diverted to solve non-problems (covered in the last post) may be having an effect as well.

Let’s not forget supply chain problems with no end in sight.

If there ever was a case for Wyckoff analysis, this is it.

Reading price action, making calculated (intuitive) decisions will keep one away from what by now, has become useless prattle from the mainstream sources.

Remember ‘blue skies ahead’?. Seems like it was almost yesterday … oh, wait. 🙂

This garbage-in, garbage-out, is not exclusive to just the financial media.

As Dr. Vernon Colman points out in his video (linked here), it seems to be pervasive in all types of media world-wide.

Junior Miners GDXJ, At Present:

Here’s how the weekly close of the Junior Miners looks today (approximately, mid-session):

Downside Trading Channel(s)

We’ll stay with the weekly GDXJ but zoom in and mark it up:

GDXJ, has been in a well-established down-channel, beginning around late November of 2020.

As shown with the grey dashed-line, there’s a possibility of a new more aggressive channel.

The chart below shows the potential right-side trend line is currently being ‘straddled’ by price action; this can happen when the equity or index is unsure there’s been a change.

If GDXJ really has pivoted more aggressively to the downside, price action will ‘get itself into the channel’ by accelerating sharply lower.

Where’s It Headed?

For this update, we’re going to use the P&F projections for GDXJ. Fibonacci projections (which have a similar target) may be covered in tomorrow’s update … price action depending:

Downside projection is for a drop of approximately – 35% to -50%, from current levels (not advice, not a recommendation).

Summary:

As always, anything can happen. The markets could be rescued yet one more time.

However, at this juncture we’re at least in the established down channel shown above. Price action will let us know if there’s been a decisive acceleration to the downside (grey dashed-line).

Remaining short GDXJ via JDST; labeled as JDST-22-01 (not advice, not a recommendation).

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.

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

Depopulation, is Deflationary

‘Safe And Effective’

Independent sources confirming, Americans are now dying at unprecedented rates.

This article just out from Activist Post, contains two (possibly three) sources, each confirming the numbers.

One of the earliest posts that discussed mass depopulation, is linked here. Line-item No. 1, starts it off.

Murder For Hire

This post from September last year, discussed the ‘Elephant in the room’.

That elephant is, we’re at the front end of a potential mass genocide event (that’s already underway).”

Now, here is verifiable proof of just one avenue for ‘deflation’; i.e. demand is literally going to die-off.

This on-going tragedy or ‘plan’ depending on the source is not going to end anytime soon. In fact, we’re still at the front end of what will last for decades.

The medical establishments in the ‘proof’ link above, know exactly what they’re doing; their actions affect millions, if not billions, world-wide.

Fundamentals Of The Matter

This time, the fundamentals do matter.

By now, we all know the backdrop for the entire population world-wide, is ‘shortage’.

Shortage of almost everything.

However, one thing’s not short; stupidity.

We seem to be full up on that. Anecdotal evidence from a trip to the local Target had people still getting in line, apparently of their own free will, for injections.

At this juncture the results are starting to pile up.

One local school is so short-staffed from ‘illness’ (i.e. potential adverse effects), it closed this week; planned to re-open this coming Monday.

Dead Paradigm: ‘Money Management’

Schools are a microcosm of the entire population.

If schools are closing, what’s going on in the other industries? Just for argument, we’ll keep our focus on the ‘wealth management’ sector.

A quick check of a randomly selected ‘partnered research firm’ that has $1-Trillion in assets, 19,000 financial professionals, partnered with 800 institutions, shows in their market commentary, it’s nothing but, ‘blue skies ahead’.

With stats like that, one can surmise: This Is The Herd

The herd sees nothing but blue skies. All is well.

The Netflix implosion could be used to paint market potential as a whole (not advice, not a recommendation): Down over 20%, instantly.

Dan, from i-Allegedly, with his thousands of contacts, has repeatedly stated, the old way of doing business is not coming back: It’s over.

If you’re running a juggernaut of 19,000 ‘professionals’, how fast are you going to be able to change course if/when the market implodes?

New Paradigm: ‘Centralized Management’

You can almost feel it.

That may be the likely outcome of the potential wealth management implosion (not advice, not a recommendation).

That’s if the markets can even survive.

At time stamp 20:49, in this link, Dan may have given us the model for the entire commercial structure, post apocalypse.

After the small and medium businesses have been destroyed, it’s time for a centralized approach.

After it’s all over, if you’re ‘certified’, the centralized method may be all that’s left (not advice, not a recommendation).

Throw in the requirement to be fully ‘injected’ to be part of a centralized firm and voila!, It will become even more centralized as the management population naturally decreases (rapidly).

Taking that to its logical conclusion, as the ranks of certified managers decreases, the only ‘managers’ left will be those who are exempt; the government employees, i.e., the final solution.

There’s more than one way to confiscate an IRA (not advice, not a recommendation).

The War Room

As the ‘About‘ page has stated, we’re in a war; a financial war.

The rules of the game have changed.

The old way of gathering assets, making sure you don’t lose too much money or posting small gains, intentionally keeping clients blissfully ignorant (by spouting garbage like ‘due diligence’), is over.

What’s needed now, at least for starters, is straight talk and the truth; or as much of it that’s currently known.

So far, what is known is this:

Results of mass-injections are starting to show. The largest die-off in recorded (by insurance firm’s) history.

Shortages of everything and especially the food supply (search on this site for keyword, Genesis 41).

All market bubbles appear to be deflating simultaneously; gold miners and biotech leading the way.

The typical money management firm, if they’re nimble enough will begin to ‘minimize losses on the way down’.

They only know, or can only work in one direction: Up

After meeting with a reputable manager ($100s of millions under management) and asking him if he works the downside, the response was: ‘The clientele can’t handle the volatility’.

So, the answer is no.

The fastest, potentially most profitable direction, the direction that trading professionals prefer, i.e., ‘down’, is not worked by a typical firm. They wait for the upside.

What’s The Market Saying?

Wyckoff analysis focuses strictly on what the market’s saying about itself.

Looking at the table above, that market clearly shows, gold miners and biotech leading the way down; potentially going much lower and each for their own reasons.

On deck for tomorrow, a technical look at gold and the miners; what may be in store for continued downside action.

We’ll discuss Newmont’s apparent reversal; Juniors as the weakest sector, along with P&F and Fibonacci projections.

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

Volatility Event: Newmont Mining

Alignment Of The Bears

“Volatility Is Good”

Volatility cauterizes the emotions. It reveals the market extremes and shows each player’s hand; bulls and bears.

With the market just opened we’re going to look at gold’s last man standing: Newmont Mining.

‘Last man standing’ because, except for two equities far down in Senior Miner’s GDX, no one is anywhere near their mid-November highs.

The take on this: The gold market’s thinning out and ready to reverse.

A really big move

It’s easy to get lost and hypnotized with the day-to-day action. However, by pulling back, one sees the potential for a massive short (the market) opportunity (not advice, not a recommendation).

Implosion Effects: Broker Platforms Go Inoperative

Over and again, nearly each time there’s a big down move in the markets, where the Dow may lose 1,000 points or more, brokerage platforms seize up.

It happens so often; it’s probably best to incorporate it into one’s trading approach.

That’s one of the reasons, if not the main reason to work the short side (not advice, not a recommendation).

Newmont’s Short Clues

The volatility has exposed everybody’s hand on both side of the trade. That’s the good part.

We’ll touch on each technical event separately, starting with the unmarked daily chart:

First off, markets that have wide, high-volume bars, tend to come back and test that bar. We see it below:

Next, price action’s got itself into a terminating wedge; a potential bearish reversal pattern:

Then, we have today as Fibonacci Day 34, from the December 2nd, reversal low.

As this post is being created, NEM just made a new daily high; potentially culminating its wedge terminating move.

Big Fish, Little Hook

As Dr. Elder has said concerning stop placement, ‘You can’t catch a big fish with a little hook’.

So, we have GLD, GDX and GDXJ, in a November bull trap (up-thrust), with what looks like two-months of price action to come back and test.

If that assessment’s correct and it took two months just for a test, whatever happens next, may be on the order of years to resolve itself.

From a trade standpoint, it looks like today’s low in JDST, current open position, JDST-22-01, may be a good place for a stop (not advice, not a recommendation).

Newmont, Reversing

After Newmont posted a new daily high, it’s currently trading below yesterday’s close.

Deflation Pivot-Point

We have the usual hysteria in the gold market but this time, deflationary forces may be overtaking the manic gold bulls.

Case in point:

Existing home sales look like they’re rolling over. All kinds of excuses being made about lack of inventory and the imaginary ‘Speck’ with its new variant.

The one thing not imaginary about The Speck, is this report about what’s really going on.

Massive ‘depopulation’, is deflationary.

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.

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

Front Running The News

‘Out In Front, By A Year’

A pattern begins to emerge.

That is, the strategies and research presented on this site are leading actual news events by about twelve months.

Example No. 1: The Dollar Rally

The dollar rally potential (when first recognized) was presented in this post over a year ago.

Since then, about 10 – 11 months later, ZeroHedge picked it up only after it had become a full-blown reversal.

The dollar has continued to rally and is currently (after breaking support), in Wyckoff ‘spring position’.

Example No. 2: The Food Supply & ‘Inflation’

One of the earliest posts discussing the intentional destruction of the food supply, is linked here.

From that update, we had:

“The entire U.S. agricultural food supply infrastructure is being systematically dismantled.”

Those statements looked hyperbolic at the time.

Obviously, at this point, it’s becoming common knowledge; at least for anyone that’s listening.

Example No. 3: The ‘Speck Effect’

In what may have seemed like a brutal rant, has now become fact.

This rendition of ‘The Night Before Christmas’, posted over a year ago, had no links to support the intuitive assessment of what was to come.

That post has now been updated with the facts.

Warning Note:

Obviously, not everyone injected, is a coward.

Children are rightly terrified. Let’s be realistic.

However, the idiot parents and enabling Doctors and Pharmacists are (eventually) likely, as Dr. Vernon Coleman puts it, to be arrested and tried/convicted for either murder or attempted murder.

Summary

There are other research examples like gold and the gold miners but the three above, cover the picture fairly well.

From the data presented, it’s apparent at least two things are happening simultaneously.

No. 1: Strategic Analysis

World, market, and local (within the U.S.) events are researched and analyzed for potential impact.

No. 2: Market (Wyckoff) Analysis

Those events from No.1, are then linked to market action if any. Potential opportunities are identified.

The Path Forward:

This update is a very brief description of the site’s go-forward objectives.

What’s here, is a long-term (documented) track record of situational awareness; coupled with reading price action which in turn, is used as a case for market positioning.

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