tag:blogger.com,1999:blog-5673441815180854503.post6766135627373849460..comments2023-09-10T09:54:59.309+01:00Comments on Screwtape Files: Monday Night ChartsLouis Cypherhttp://www.blogger.com/profile/07670126160101669248noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-5673441815180854503.post-53706296987090932522011-11-27T20:16:42.912+00:002011-11-27T20:16:42.912+00:00nickt1y, I think the point is that even the small ...nickt1y, I think the point is that even the small silver market is still too big on a global level for even a very powerful cartel to have its way with it without recruiting unwitting helpers. And the help comes from the small and large specs who do, for better or for worse, rely a lot on TA. Then, there's the fact that TA (at least basic TA) does capture a lot of market psychology in symbolic form (but I agree, that aspect of it is less useful when criminals have their thumbs constantly on the scales)GM Jenkinshttps://www.blogger.com/profile/09133132062816684129noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-62295935800804963012011-11-26T13:14:51.698+00:002011-11-26T13:14:51.698+00:00Do charts really mean anything in a market that is...Do charts really mean anything in a market that is manipulated by TPTB? Since they use charts does that make TA more powerful?nickt1yhttps://www.blogger.com/profile/08845613357116375746noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-74909133926232165272011-11-22T23:10:45.142+00:002011-11-22T23:10:45.142+00:00hmm my thought about sequels above got erased some...hmm my thought about sequels above got erased somehow. But seriously how bad were those star wars prequels? the source of the intergalactic conflict turned out to be <a href="http://starwars.wikia.com/wiki/Tax_Levy_Bill" rel="nofollow">tariffs?!</a> (Jar jar binks, a student of david ricardo, voted against it) Lol. Watching those ruined good childhood memories. it was like looking back and realizing your favorite uncle molested you.GM Jenkinshttps://www.blogger.com/profile/09133132062816684129noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-59767423104971016582011-11-22T23:06:08.453+00:002011-11-22T23:06:08.453+00:00Thanks, AG and Mary :)
BigSetup, I'm not sure...Thanks, AG and Mary :)<br /><br />BigSetup, I'm not sure what you're gettign at?<br /><br />Warren, lol at Wynter Benton. Silver needs to go up 50% in 5 trading days ... good luck with that. I wonder if on Dec 1 when even the most die hard believers have to accept it's a hoax, i wonder if whoever's behind it will go ahead and do the end-of-the-episode Scooby Doo thing explaining how they pulled off such an effective hoax (at least their first time around - they had me fooled). What a lame and sorry sequel. It's like the Star <br /><br />JdA - I'm glad you're back in the saddle ... the metals will offer you their forgiveness for your momentary lapse of faith, i'm sure (Luke 22:31-32)<br /><br />As far as the 144 is concerned, I had the same thought. But, I felt that way back in <a href="http://screwtapefiles.blogspot.com/2011/06/144.html" rel="nofollow">June</a> too when I did the thought experiment extrapolating the 144 linearly to November 21 (i.e. yesterday); that analysis suggested gold would average $1620 till then with the 144 ending up at $1600. Well I was off by $50 (although interestingly it's still moving in the same linear way, just shifted $50 up). This steady 27% increase was commented on by John Embry (he said 26%) - his point being that no real market goes up like that year after year. That was similar to what I wrote in the June 10 post that gold's ascent was a little "too perfect" for me to think a hand wasn't at work managing the ascent. So if that's true, it makes the 144 even more reliable.GM Jenkinshttps://www.blogger.com/profile/09133132062816684129noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-59419521876071909772011-11-22T19:04:36.346+00:002011-11-22T19:04:36.346+00:00thanks for the charts . .I love your charts :-) an...thanks for the charts . .I love your charts :-) and comments.Maryhttps://www.blogger.com/profile/10887944793320820702noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-14742896014684751232011-11-22T18:53:10.639+00:002011-11-22T18:53:10.639+00:00WOW the charts couldn't be so WRONG!WOW the charts couldn't be so WRONG!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-56365504040498237972011-11-22T13:22:21.290+00:002011-11-22T13:22:21.290+00:00Very nice, GM. I've also been struck by the be...Very nice, GM. I've also been struck by the bearishness on Turd's site, and have frequently found that to be a big glowing 'buy' signal (for gold, anyway). Have just started nibbling again, getting ready to get back some of this year's horrifying losses after a self-imposed two-month absence from the markets... ;-) The closer we get to the 144, the more I'll buy.<br /><br />I sometimes worry that I have too much faith in the 144, but it's never let me down yet. One day I'll get burned by it, but I don't think that day's just around the corner.<br /><br />Hey, I know you're really busy, but if you ever fancied turning your magic coloured line analysis to the price of Ag/Au in Euros and GBPs, then I'm sure you'd earn even more grateful fans..!<br /><br />Just don't start developing a 'god complex' like certain other bloggers... ;-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-53737145944859135832011-11-22T11:00:48.112+00:002011-11-22T11:00:48.112+00:00Great charts as always!Great charts as always!AGhttps://www.blogger.com/profile/02094544618090446119noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-20122283966293201422011-11-22T06:30:12.210+00:002011-11-22T06:30:12.210+00:00The silver falling wedge looks good, as does the 2...The silver falling wedge looks good, as does the 200 moving average for gold, ditto for the variety of colors in your charts, which does set you apart :) A bit of cheer for the precious metals investors ...<br /><br />The only one who won't be happy is Wynter Benton, who expected (hoped?) silver to be trading over $45 by November 30 (<a href="http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_J/threadview?bn=10073&tid=406563&mid=406567" rel="nofollow">link</a>). Still room for it in the next week or so, given recent volatility (but I do wonder what the caveat or excuse will be this time).<br /><br />I concur with your assessment - we are all picking up the cheque for the monetary sins of others. Thanks GM for the charts.Warren Jameshttps://www.blogger.com/profile/00631403827559820571noreply@blogger.com