tag:blogger.com,1999:blog-5673441815180854503.post4170917236385101783..comments2023-09-10T09:54:59.309+01:00Comments on Screwtape Files: Sunday pre-game, 7/15/2012Louis Cypherhttp://www.blogger.com/profile/07670126160101669248noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5673441815180854503.post-41516248035021392512012-07-19T21:07:48.315+01:002012-07-19T21:07:48.315+01:00Awfully quiet here. It's almost like there'...Awfully quiet here. It's almost like there's a wedge within a wedge within a wedge, both literally and metaphorically. Maybe something's about to happen? ;)Funky Tapehttps://www.blogger.com/profile/09271221564702147756noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-4130650593651846122012-07-15T06:24:59.173+01:002012-07-15T06:24:59.173+01:00GSR not HST ... wtf?GSR not HST ... wtf?GM Jenkinshttps://www.blogger.com/profile/09133132062816684129noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-2145363593378344972012-07-15T06:24:37.685+01:002012-07-15T06:24:37.685+01:00Hmm... you could be right about the HST, JdA - I d...Hmm... you could be right about the HST, JdA - I drew parallel lines to the bottom line and you get an interesting pattern which I'll save for next week. Still, the line I drew connects two double taps (for lack of a better word), one in 2008, one now, so it's worth keeping an eye on. . .<br /><br />Re: miners. I don't even think of fundamentals with the miners. I've heard 10 different fundamentals-based arguments for why they're gonna tank (e.g. Victor's nationalization argument) to why they're gonna massively outperform gold (e.g. easy entry for those who missed the smart money bullion accumulation stage), that I have no clue. Maybe this is a reason why charts might actually work. Unfortunately, the charts are pretty ambiguous too.GM Jenkinshttps://www.blogger.com/profile/09133132062816684129noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-59582504433477066282012-07-14T23:58:44.718+01:002012-07-14T23:58:44.718+01:00Nice chart porn as always, GM. On the GSR chart, t...Nice chart porn as always, GM. On the GSR chart, though, I wonder if you might be jumping the gun a bit. If one were to redraw the top line so that it were parallel with the lower line, then there'd still be some way to go before swapping gold ottomans for silver ottomans would look like a good trade...<br /><br />For the gold:CCI chart - if gold is going to appreciate against other commodities, then what does that mean for gold miners? Do they benefit from a rise in the spot gold price, or are they punished by a general sell off in mining equities? And if not, what about miners that do a bit of both, such as Rio Tinto?<br /><br />Just a few thoughts on a Saturday evening. <i>JdA</i>Anonymousnoreply@blogger.com