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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
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jimkane
Rep: 3,058
Posts: 33,089
Thanks, Marcin. I'll post an article to get things going. Yes, in the short-term, I know all these articles have no use. But in the grander scheme, it's all going to have more impact on us than anything else, in my opinion.

This one sums up what I have been saying since all this started. The market's key reasons for existence are price discovery and capital allocation. If that's lost, there are no markets. And since those are lost, especially the first one (that one has been long, long gone for a long time), the market is phoney/fake/non-authentic.

http://www.oftwominds.com/blogaug14/real-market8-14.html
MA
MarcinO
Rep: 67
Posts: 5,506
Resistance at 73-74.75

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es 2014 08 17 png
MA
MarcinO
Rep: 67
Posts: 5,506
Aussie. AB=CD.

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6a 2014 08 17 png
MA
MarcinO
Rep: 67
Posts: 5,506
If the correction in gold is not done yet, next support area is GZ.

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gc 2014 08 17 png
JI
jimkane
Rep: 3,058
Posts: 33,089
Nice stuff, Marcin.
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jimkane
Rep: 3,058
Posts: 33,089
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jimkane
Rep: 3,058
Posts: 33,089
Futures open up, well, a little. Too funny.
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jimkane
Rep: 3,058
Posts: 33,089
It should come in right from here, I'd think.
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jimkane
Rep: 3,058
Posts: 33,089
One tick from the high of the move. Maybe they get it just over. Recall the discussion on making it all back fast. It ran out of time on Friday, so watch for Sunday. Sunday doesn't even do it as a grind, it does it in a pop. Okay, as I write this it took out that high. Now, it may run to the area discussed before, highlighted by Marcin's chart, or it may weaken first. We'll see.
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jimkane
Rep: 3,058
Posts: 33,089
I'd expect the weakening. It would really surprise me if it didn't.
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jimkane
Rep: 3,058
Posts: 33,089
Not many know that lately I've been assisting my better half with 'landscaping' our front and side yard and doing the garden. She relocated a nearly eight year gardening project (flowers, shrubs, tress, and vegi's) when we moved. What we didn't know was the place we bought has the worst clay soil I have ever seen in my entire life. When we get closer to completion I'll post a picture or two in here. We won't finish entirely before the brutal non-stop rain gets here in the fall, but we'll be pretty far along, enough for some pics. In the meantime, here's what we're working with. No, those aren't rocks, that's the soil.

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clay png

And by the way, that's not concrete below the wheelbarrow, that's the ground we are working with.