Loading ... Where is the coach? Dunno. Be sure to use a ’soft’ icepack. Zellers has them. Some are three bucks and some are ten. Same thing inside. Be sure to take pictures of the door before you stone it. :-) This way you know what it should look like when you go to put the pieces back together later. 
I have letters for each of my heirs and instructions for my trustee and executor along those lines. Seriously.
aurum
…will you be here to remind us…or will you at least leave instructions with the Aurum Juniors ?
….One is my Cretin Flipper…its splinted…and sticking strait UP !
Just remember that in the 2030’s when the moves up are more than you imagined that it will end at some point when everyone has forgotten that the pm market can go down. Then that down will be really sharp and really brutal making this wave II seem a small move on the chart. It will be very difficult to sell when you should and very difficult to know when the rise will end. People will have become complacent and used to dips that then turn up yet again until they don’t and the drop then can be very fast. Start thinking about this maybe as early as 2034 definitely I think by 2037. Start selling some on each seeming peak in those years.
Good luck and best wishes.
aurum
Hi Fully; it’s now officially past my bedtime; so I am now officially sleep deprived; but this is fun, so I’ll just add a few thoughts.
About the longer correction; that I need to think about.
For me the rear view mirrow is the news; the charts are the map; the markets are the present; as I see it. Now where did I put my glasses?
The support line might be repaired by some change. I just thought that some charts from another source would be helpful, as there has been a lot of damage to the support lines. However, new support can arrive, and lines can be redrawn using them.
Might the dow be stuck in a range?
The monthly on page 1 outlines 830,784 and 730 as supports, this weeekly shows why I used those #’s and the first two have been good so far
Another viewpoint!
Wouldn’t it be great if there was a video made of a discussion between goldbugs, the subject being the price of gold, gold stocks and what affects the current economic climate is having on them. Special mention should be made of pm market manipulation and whether Hank Paulson needs a toupe. Sure to be stimulating. Everyone would have a different slant on things.
I’m presuming from your description, that we are at present going through Wave 11. “Sharp and brutal” fits the description. It would be nice to think that “most, if not all of the down is done,” and the important low is soon behind us. It would be great if the pm stocks made a move up.
Wave 111 sounds good.
I’m interested that you believe that it will come to an end in the mid 2030’s. Longer than most belive, I think, but great as far as I’m concerned.
There are strong arguments that inflation still has legs. And the Swanson article that I linked has a comment on that too. So yes, the inflation fox is still in the henhouse. What I see is that Deflation Farmer has arrived with the derivatives /solvency /credit crisis. So that inflation fox won’t remain healthy much longer. So yes, the inflation fox will end things for a few more chickens before he meets his end; that is, we could see the US dollar go much lower if Happy Hank monetizes enough cash to save Freddie and Fannie.
And oil could go much higher if the 1979 Aramco estimates of Saudi Oil being nearer 110 billion barrels are proven true and more big fields go into greater decline. [See the recent Daily Reckoning eletter for this]
But what would this do to stock prices? even as physical gold rises?
….thanks for the Canadian Capitol Loss Rules Post…..I didnt know you could use them against previous years…i thought you had to carry the residual loss forward only….
Cool so if I sold all my losers…i have a couple….hehe….now….I could carry the Loss back and get in effect a refund on tax paid in the last 3 years ?….I asume I have to wait till filing time in April to claim that !
Maybe a good reason to sell….then wait a month to rebuy….at lower prices according to some here
saved that unde Accounting
a close below today’s low would execute a sell signal. overnight trading is well below that low. we’ll see what tomorrow will bring.
rno
www.the-privateer.com/g-bottom/gold98-l.html
that middle line….which shows a miniscule break below…is tilted up to start from the 2006 and2007 lows..
might that line still be support…and might it be parallel to your top line ?
POG is not going anywhere near 600…IMHO…wanna bet ?…1000 before 600 ?
as for your statement you dont need the news because its all in the chart….
thats like saying..all I have to do is look in my rearview mirror to know where I’m going
Its no fun arguing wth you….you are way smarter than me….but some of this stuff is way off my vibration pattern…
Scroll down to the $SPX chart for some more double tops; these fulfilled.
www.wallstreetwindow.com/content/node/7671
Swanson comments on the bear market:
‘The market situation right now is very similar to what it was like in December and February. In both of those times the market put on a very short-lived bear market rally. During these rallies volume steadily declined just like it has right now. In fact last week was the lightest volume week of the year for the stock market. Both rallies ended with a lower high put in place. Last week the market rallied in the beginning of the week, but failed to break through it earlier August highs and turned down hard on Friday and Tuesday on higher volume.
‘If it breaks its August lows then a confirmed double top will be put in place and you can expect to see substantially lower prices to follow. Right now you want to watch the 1260 level on the S&P 500. If the S&P 500 closes below this level then I’ll take it as confirmation that the rally is over.
‘One thing worth noting is that the average bear market rally lasts 6-8 weeks. Last week marked week seven of the rally that began in July.’
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