tag:blogger.com,1999:blog-8765832528826242391.post7386920752639585618..comments2024-03-27T08:45:49.016-07:00Comments on Cyclical Market Analysis: $SPX - 60min UpdateSChttp://www.blogger.com/profile/09474760275693948933noreply@blogger.comBlogger92125tag:blogger.com,1999:blog-8765832528826242391.post-42216799371441717892011-07-13T19:44:00.114-07:002011-07-13T19:44:00.114-07:00Massive deflation coming for everything first incl...Massive deflation coming for everything first including PM's. The Gold bugs will really be upset with me when I mention the bottom targets for PM's next few years. <br /><br />I'll answer this question soon though.<br /><br />Yes, I'm going heavily long SPX 1310. Most likely the mkts are flat and weak tomorrow and probably Friday so no rush. Monday (maybe starting Friday) is a different story. Debt ceiling resolved over weekend? I see a rocket shot to 1350 or so! <br /><br />The blue/yellow lines on the above charts are the supports for SPX. Very strong.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-59611661740404633662011-07-13T19:22:19.638-07:002011-07-13T19:22:19.638-07:00Hi SC just with the PM, as you have mentioned long...Hi SC just with the PM, as you have mentioned longer term you see the price of gold & silver to skyrocketing which I agree also. Is this after we have a deflationary correction and the PM have a massive correction and then rise when we enter the hyper inflation phase further down the road (years)?<br /><br />What levels do you see them bottoming at before we get the longer term move up?<br /><br />Just with the SPX I noticed on my futures platform (IG Markets)it went down to 1306 and now sitting at about 1312, are you still looking for a long entry around the 1310 area for the spike up? Or do you see more downside near here?<br /><br />Thanks again for your great analysis again SC.Muzzhttps://www.blogger.com/profile/10089965117242010751noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-53296282558772563682011-07-13T19:06:25.081-07:002011-07-13T19:06:25.081-07:00i'm seeing comments and followers keep increas...i'm seeing comments and followers keep increasing. good stuff.Zhttps://www.blogger.com/profile/08294961273984548696noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-17299087354381250512011-07-13T18:38:45.402-07:002011-07-13T18:38:45.402-07:00Thanks for your hard work SC.
It seems a perfect d...Thanks for your hard work SC.<br />It seems a perfect drama for rising the PM price short term with Euro crisis, debt ceiling, FED meeting with some words from Ben to comfort Wall Street.I still keep the faith that the PM need to finish the correction.TChttps://www.blogger.com/profile/04386051849053531836noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-65206927456625059842011-07-13T18:23:27.269-07:002011-07-13T18:23:27.269-07:00sc,
i also believe that gold /silver long t...sc, <br /> i also believe that gold /silver long term will be way higher. most commentators are saying that this day no 7 of the new cycle and they usually last for a few weeks at least before a meaningful correction. i hope you are correct as i am 100 % in cash.phantomhttps://www.blogger.com/profile/16723908148140436442noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-68266286691454967432011-07-13T18:22:32.766-07:002011-07-13T18:22:32.766-07:00SC,
Echoing Nuggy, keep up the good work!SC,<br /><br />Echoing Nuggy, keep up the good work!Bobhttps://www.blogger.com/profile/11656332988854440614noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-42425859403100346782011-07-13T18:13:55.483-07:002011-07-13T18:13:55.483-07:00I'm a trader, I expect to get egg and tomatoed...I'm a trader, I expect to get egg and tomatoed by the gold bugs shortly for this analysis. I'm glad to hear you appreciate it. <br /><br />That is the right approach!SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-78887492046051762502011-07-13T18:10:40.358-07:002011-07-13T18:10:40.358-07:00Nuggy that is what I see long term bull mkt for Go...Nuggy that is what I see long term bull mkt for Gold and Silver. My long LONG term targets are sky high (to the moon high). <br /><br />However, there are surprises along the way. 1987 Black Monday was corrective....SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-6225883572026831202011-07-13T18:03:55.282-07:002011-07-13T18:03:55.282-07:00I'm a long term gold/silver bull, but I want t...I'm a long term gold/silver bull, but I want to increase my physical exposure at lower prices. I'm a bit biased so I'm rooting for SC's gold/silver price drop, but my expectations are much higher prices in the long term. Not sure if this is what other people are thinking for gold/silver.<br /><br />keep the charts coming sc. Thanks for your hard work.Zhttps://www.blogger.com/profile/08294961273984548696noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-8493556825602812212011-07-13T17:52:51.670-07:002011-07-13T17:52:51.670-07:00Thanks, silver is up 5 off of the recent low, anno...Thanks, silver is up 5 off of the recent low, annoyed that i stayed short through that whole move. Started as very profitable, now a bad loss after todayBlakehttps://www.blogger.com/profile/08650600450661791461noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-14894738724214183952011-07-13T17:39:44.696-07:002011-07-13T17:39:44.696-07:00Updates coming for Gold and Silver shortly. Thing...Updates coming for Gold and Silver shortly. Things much better than they seem for the bears.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-60249851197827950952011-07-13T17:18:53.542-07:002011-07-13T17:18:53.542-07:00Don't ignore PM sentiment again....only short ...Don't ignore PM sentiment again....only short on spikes.The Hookhttps://www.blogger.com/profile/09663409569521261853noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-54644781896887686002011-07-13T16:59:47.977-07:002011-07-13T16:59:47.977-07:00Silver still going up. One of the worst 24 hour p...Silver still going up. One of the worst 24 hour periods i have had trading, what a nightmareBlakehttps://www.blogger.com/profile/08650600450661791461noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-37365872762376968072011-07-13T14:41:28.512-07:002011-07-13T14:41:28.512-07:00moody's downgrade news out; good for gold, bad...moody's downgrade news out; good for gold, bad for silver?Bobhttps://www.blogger.com/profile/11656332988854440614noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-18595476101340748632011-07-13T13:58:16.922-07:002011-07-13T13:58:16.922-07:00A question for the PM bugs out there. If I wanted...A question for the PM bugs out there. If I wanted to sell my 1 oz gold maple leaf coins to a coin shop. How much is a reasonable price over/under spot?<br /><br />ThanksBobhttps://www.blogger.com/profile/11656332988854440614noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-9783276560497762262011-07-13T12:33:31.881-07:002011-07-13T12:33:31.881-07:00Silver still holding up, but I see both tomorrow a...Silver still holding up, but I see both tomorrow and Friday being weak days for mkts. Timing is quite clear so expecting Silver to work it's way lower.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-28145281706301918902011-07-13T12:28:47.259-07:002011-07-13T12:28:47.259-07:00Silve just consolidating while market drops, it wa...Silve just consolidating while market drops, it wants to keep going higher, very annoyingBlakehttps://www.blogger.com/profile/08650600450661791461noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-67883320042681549122011-07-13T11:31:56.672-07:002011-07-13T11:31:56.672-07:00Confirmed now for SPX imo, heading to 1310 area. ...Confirmed now for SPX imo, heading to 1310 area. Today was a false break up. Target 1310, and then the real bounce up to 1345 area comes. Timing has become clear to me with today's action as I will soon explain with updates.<br /><br />Financials weakening, and can short any bounce here.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-49385144857860745592011-07-13T10:36:26.898-07:002011-07-13T10:36:26.898-07:00I am 100% short silver too now, looking at past 2 ...I am 100% short silver too now, looking at past 2 months pattern, the highest price is now for silver, too much rise, bound to cool down for a bit.Santahttps://www.blogger.com/profile/12676163183934734551noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-53175092982093612552011-07-13T10:29:15.100-07:002011-07-13T10:29:15.100-07:00Shorted more Silver. 100% short now. I plan to c...Shorted more Silver. 100% short now. I plan to cover some at the white line test, and keep core short probably also. <br /><br />I am mostly interested in the bigger picture for PM's, and see these short term gyrations as a distraction from that...SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-8543191839428248812011-07-13T10:16:29.173-07:002011-07-13T10:16:29.173-07:00Yes, I believe so Blake.
I am quite satisfied (...Yes, I believe so Blake. <br /><br />I am quite satisfied (not overconfident, have thought about this very carefully) the bigger picture already confirmed with my pattern so sharp declines coming for PM's.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-25789350767810620982011-07-13T10:12:28.184-07:002011-07-13T10:12:28.184-07:00After the test of the white line we come back up t...After the test of the white line we come back up to these highs?Blakehttps://www.blogger.com/profile/08650600450661791461noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-4434781603633120002011-07-13T10:10:00.056-07:002011-07-13T10:10:00.056-07:00White line is $35.80 for SLV.White line is $35.80 for SLV.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-9862045622262777542011-07-13T10:08:49.868-07:002011-07-13T10:08:49.868-07:00Now that I see SPX coming down, Silver should foll...Now that I see SPX coming down, Silver should follow and fill some of this morning's gap. I'm expecting at least a test of the white line for SLV.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.comtag:blogger.com,1999:blog-8765832528826242391.post-18311623180059453122011-07-13T10:04:46.260-07:002011-07-13T10:04:46.260-07:00Correlation has been loosening between PM's an...Correlation has been loosening between PM's and equities. I think they still move together as well, but certainly that does not mean they move to the same extent.SChttps://www.blogger.com/profile/09474760275693948933noreply@blogger.com