Timing & trends

Michael’s Sept 10th Comment on the student expectations for employment post-university and the reality of their training.

CLICK HERE to listen

Update: How Sardines Are the Same as Gold

Posted by Victor Adair - VictorAdair.com

on Tuesday, 10 September 2013 22:20

Screen Shot 2013-09-10 at 3.13.24 PMLast week’s blog about old Doc, the sardine trader, generated a lot of feedback…the essential question was, ”But how does this story help me to understand today’s gold market?”

Here’s how:

The purpose of that lovely old story, and why it gets re-told and re-told down through the years, is to get people to understand that the Paper market is NOT the Real market…no matter if you are talking about gold or sardines.

…..read more HERE

FREE LIVE webinar Sat – how to register and join

Posted by Michael Campbell

on Tuesday, 10 September 2013 21:56

MC horz cropped - 2013Immediately following the show on Saturday I will be joined by GPS Portfolio strategist Steve Deschesnes for a live webinar – which means you can watch us live on your computer. I’ll find out for you what key market indicators he is tracking right now. And more importantly, how you can follow exactly what he does in the days ahead. Plus ask some questions!

This is our first live webinar and due to the contraints of the technology only the first 500 listeners will be able to register.

Michael Campbell

HOW TO REGISTER

1)    CLICK HERE to register or paste this address into your browser – https://www.disnat.com/en/knowledge/event_register.aspx?EventId=d2dac22c-40ff-47f3-b4d3-1da8962fc850

2)    Once you click Submit you will be sent an email with the subject – Web seminar scheduled: Market Overview with Disnat GPS Portfolio Strategist. This email will include the link you will use to join the webinar on Saturday. The webinar will begin immediately after the show at 10:15am pacific time on Sat Sept 14th. You will be able to join the webinar as soon as the show starts at 8:30am Pacific.

HOW TO JOIN ON SATURDAY

1)   Open your confirmation email and CLICK on the link
          Enter your name and email. The event password is – DISNAT.
          Click Join Now.
          Confirm your email address and click Submit

2)   JAVA requirement – If you do not have Java on your computer the system will ask you to add this small, free piece of software.
          CLICK Use Java link
          CLICK Run
          At this point you should be able to see the workshop slides on your screen
          You can adjust the volume on the page to hear through your computer speakers.

*N.B.   If you cannot hear through your computer you can listen over the phone!
         Dial 1-866-699-3239
         Enter 667 097 102

If you are having any difficulties please feel free to call the Disnat Customer Service at 1-866-873-7103 or call the MoneyTalks office 1-877-926-6849

If you would like more detailed instructions CLICK HERE for a complete visual demonstration.

 

 

Godfather Russell: JP Morgan, Gold & The Future Of The Dollar

Posted by King World News

on Tuesday, 10 September 2013 16:10

On the heels of continued volatility in key global markets, the Godfather of newsletter writers, Richard Russell, discussed JP Morgan involvement in the gold market and the future of the US dollar.  Russell also warned about the massive worldwide debt, covered stocks, and also included two charts of gold and the US dollar.

Richard Russell: “The fundamentals in the US and the world are enough to turn your hair gray.  Debt worldwide is out of control.  Total debt to GDP in most countries in the world is at a mind-blowing 300-400%.  It’s obvious that this debt will never be repaid.  As the US continues to grow, it is forced to borrow more money.  

The Fed now owns $2.2 trillion in federal debt.  This year, in 2013, the Fed has purchased more debt than the Treasury has issued.  I could go on and on about the horrors of the debt situation.  But remember, the market is not stupid.  It contains all the information known to everybody.  This is the reason that I follow the markets so closely.  If we are heading into a brick wall, the market will know it and reflect it.

Ultimately the nation is caught in a vicious vice in which it must borrow more and more to sustain itself.  The question now is not how to generate income but where to find the safe zone.  When looking for safety investors normally make a dash for cash.  But with the Fed creating cash wholesale, the future of the dollar is in question.

A nation is as good as its currency, and a currency is as strong as a given nation.  Below we see the US Dollar.  I’ve applied the same rules to the dollar as I’ve applied to the Dow … If the Dollar should fall apart, I would consider such an act as bearish as a crashing Dow.

KWN Russell II 9-10

…..one more chart with commentary HERE

  1. As gold soared towards $1434 recently, greed seemed to be making a comeback. From the lows near $1180, the golden metal had rallied about $254, with only one minor pullback.
  2. The sell-off over the past few weeks has squashed that greed, and that’s good news for gold bulls. Markets rise on walls of worry, and worry seems to be creeping back into the gold market.
  3. Please click here now . That’s the daily gold chart. From a technical standpoint, I don’t see anything to be overly concerned about.
  4. My stokeillator reached a level of about 90, as gold peaked in the $1434 area, and the lead line is now at about 47.
  5. The stokeillator (14,7,7 Stochastics series) tends to fall to the 20 area, very roughly speaking, about once a month. 
  6. Using that rule of thumb, gold could drift lower or consolidate here for another couple of weeks, before starting another move to the upside.
  7. Interestingly, the next FOMC meeting announcement is scheduled for September 18th at 2pm. Bloomberg surveys suggest that’s when most money managers believe the Fed will announce the start of QE tapering.
  8. At 2:30pm on the same day, Fed Chairman Ben Bernanke is scheduled to hold one of his rare press conferences. Journalists will be able to ask him some questions, and he will respond.
  9. If Chairman Bernanke stuns the mainstream money managers by holding off on the “taper caper”, gold could surge violently higher, and perhaps trigger a stokeillator buy signal, from near the 20 level on my gold chart. 
  10. Any tapering that does occur is likely to be quite mild, and it’s probably already priced into the gold market now.
  11. I think the growing “demoralization” amongst gold bulls, on the current pullback, is no different from the mood that set in on the first pullback,and it’s probably very healthy for the market. 
  12. Please click here now . Note “pullback #1” on this gold chart. Gold market investors should take a quick trip down memory lane, and remember how they felt at the lows of that first pullback, in the $1270 area.
  13. Note the technical similarity of “pullback #2” to “pullback #1”.  That’s bullish. 
  14. The upcoming FOMC meeting, press conference, and the taper caper issue are creating modest tension in the gold community, but the gold chart looks very healthy.
  15. It’s always comforting to have technical “top guns” looking for higher prices. On that note, Scotiabank is a very powerful bullion bank. What do their top technicians have to say about the gold chart? “We see the latest price action as a correction of the uptrend which began on June 28th. Support is at 1352, which is the low from August 20th. Below there, at 1337, is the 38.2% retracement of the June to August uptrend.” – Scotiabank Gold & Silver Marketwatch, September 9, 2013.
  16. There’s more good news for gold bulls. CNBC reports this morning that Wang Jianlin, reputedly the richest man in China, says his nation’s property market is “immune” to Fed tapering.
  17. Investors should focus on China’s industrialization and urbanization. These factors are much more important than short term booms or recessions. Millions of new gold investors could be “created” in China, during the next wave of industrialization.
  18. Deutsche bank apparently agrees. “The ‘new form’ of urbanization will include developing big city-clusters, rather than just a few big cities, with more urban retail properties in Tier [sic] two, three and four cities, it said in a recent report.” – CNBC News, September 10, 2013.
  19. The term “city-clusters” should send shivers of bullish excitement down every gold investor’s spine! 
  20. I’m particularly excited about the position of my stokeillator on the GDX (gold stocks ETF) chart. Please click here now . The stokeillator has arrived in the 20 area, and powerful rallies can begin there. Note the converging green trend lines. 
  21. Gold stocks could find powerful support at the apex of those lines, in the $26 area. I’m covering short positions that I put on in the $29-$31 area, in anticipation of a new gold stock rally. 
  22. Some investors have noted a head and shoulders top pattern in play on the platinum chart, and they believe that’s bearish for gold. Perhaps, but I’m not so sure about that. Please click here now . That’s the daily platinum chart, and there is a head and shoulders top in play,but it’s very small.
  23. Note the position of my stokeillator. The lead line is near 27,suggesting the decline is almost done.
  24. Also, I think the small top pattern could be helpful in creating a much more powerful bullish formation. Please click here now . That’s the same platinum chart, with a potentially powerful inverse head and shoulders bottom in play, and that pattern is truly enormous. The minimum technical target is $1800. Platinum can be a leading indicator for gold at times, and if this huge bullish pattern plays out according to script, gold bulls could soon be sporting a very big smile!

Sep 10, 2013
Stewart Thomson
Graceland Updates
website: www.gracelandupdates.com
email for questions: stewart@gracelandupdates.com 
email to request the free reports: freereports@gracelandupdates.com

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