I'll start with the Cable. The correction may be done here but 3Ds into 1.6010 is my the most preferable scenario.



If this area doesn't hold, 1.6040 with EXP ABCD is next.

Silver four cents away from a 14 handle. Who'd a thunk it.

The GOFO rate for gold is once again negative, and pressure for a monster pop is brewing. Although a few times it has gotten much more negative, recently (since the stock 'bull' market started, coincidentally) whenever it gets negative it has soon after produced a violently big popping reaction. Just a thought.

external retracements in blue box:
202.45 – 200.06 = 1.27 at 203.10
201.73 – 181.92 = 1.128 at 204.27

Gold up well over 40 today...

Originally posted by jimkane

The GOFO rate for gold is once again negative, and pressure for a monster pop is brewing. Although a few times it has gotten much more negative, recently (since the stock 'bull' market started, coincidentally) whenever it gets negative it has soon after produced a violently big popping reaction. Just a thought.

Watch 24.25 area, for grins.

Okay, in my opinion, no bounce here and it's swooooooooooooooooooooooooooosh time.

Nothing but down until close is my read.

But, watch the GZ anyway, since I can't imagine a down Friday close after setting another new all-time high.

Once the LOD is taken out, unless it's just to stop run it, there is nothing below for the rest of the session.

We are so brainwashed in this country, we are conditioned to believe we are doing great, better than everyone else, so lucky to be AmeriKan (and most agree, following along with O'Bummer's quips about the USA's exceptionalism). But here's some facts:

"The Upper Middle Class of America Owns a Smaller Percentage of Wealth Than the Corresponding Groups in All Major Nations Except Russia and Indonesia."

and

"America’s bottom half compares even less favorably to the world: dead last, with just 1.3 percent of national wealth. Only Russia comes close to that dismal share, at 1.9 percent. The bottom half in all other nations own 2.6 to 10.2 percent of the wealth."

That doesn't even sound remotely exceptional, or even remotely 'good'.

How about this:

"Just 47 Wealthy Americans Own More Than Half of the US Population. Oxfam reported that just 85 people own as much as half the world."

And to finish, we hear all the time about how brutal it is in Greece. The stories are chilling. Youth unemployment, businesses closing left and right, endless stories about former middle class families (entire families) living in cars, and so on. So, with that context, how about this one:

"Oh, and if you’re wondering how the American middle class ranks in the latest data, it improved two spots to #25. Just behind Greece."

But still all us AmeriKans keep thinking we have it so good, relatively, and we keep the system going for the elite. Nice job, AmeriKans. Your exceptional all right, exceptional suckers, exceptional sheep.

Source: http://www.zerohedge.com/news/2014-11-07/american-middle-class-wealth-worse-every-nation-russia-indonesia