Westpacific Technical Charts

Glenn Burnett Rank: 54 Followers: 15 Votes: 64 Years Member: 0 Last Update: 21 August 2017, 12:48 Categories: Elliott Wave Analysis
Gold / Gold Stocks
Commodities

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$GOLD - Daily Candlesticks, 1280

-I feel like you are more effective if you block a lot of that stuff out and try to ignore what everyone else is doing - Set your own path.' Chad Hurley Youtube
-This is why I follow no other trader; nor trading site; I develop original material that has taken decades to learn and let the charts dictate!
And he said this about the future...?I think there?s going to be a sense over the next few years, that there?s going to be a social [media] fatigue that sets in. There?s so much information that is being produced, that people start tuning out.?
-You can not be a trend follower and you must redevelop and redeploy your thoughts and ideas week by week; this is the future of a killer stock technical site; stay tuned.

1/1a Reuters/Jefferies CRB Index (EOD) ($CRB)

1/1b GDX - Weekly Candlesticks, 900

1/1c POLA - Daily Candlesticks, 700

Monday
-As we near entry will double alert everyone; this week starting right to plan!
-Bodysurfing with the hand plane at the beach today; sun; killer swell, life can be so good at moments; Walt figs coming ripe on the tree.....
-Watch for breakout XJY above 92.32, confirms final C high push for the entire gold complex.
-Last chart on site; Tencent; this is insane overvalued; insane...some shorts time it right going to do very well.
-Been working for a few days looking at energy; what a mess; if oil goes to 10 we are going to see so many BKs; debt ratios above 100 all over the space, these idiots are leveraged up to the hilt! Hard to even find a clean balance sheet! Forget the divie.....
-Today few traders even look at the balance sheet; notice we include some numbers in the call out box of all our picks; and yes it matters!
-Building a list in energy of the less leveraged plays, lowest debt ratios as these will be the ones to own at some point in the next few years when commodities bottom.
-Added Klondike Gold chart7/9-11 ; much hyped but just maybe, they say they have the motherload...want to own this early 2018 so have put the chart up; do not buy it here; tons of hype on net pushing it. They just did a private placement of 5M well below this price; if you have the motherload seems they would sell share at a higher price; yes hype for now. When gold bottoms this should be a nice play.

1/1d POLA - Daily Invisible, 1600

?I feel like you?re more effective if you block a lot of that stuff out and try to ignore what everyone else is doing...-Chad Hurley Youtube
3/03 Energy Producers XOP, BP, for example, recently admitted that its finances will not breakeven unless oil trades at roughly $60 per barrel. ?Recall that the initial trigger for the global financial crisis was about $US500bn worth of losses on US mortgages. Gave cites figures [showing] that through the magnifying effects of derivatives markets, that wiped some $US7 trillion from global GDP and $US28 trillion from global equity markets.? View the US$5.4 trillion ?alternative energy sector? debt, mainly associated with the US fracking boom, through the ?magnifying effects of derivatives? and you begin to see the scale of calamity soon to befall the world?s financial institutions. 3/18 Authored by Simon Black via SovereignMan.com, I serve on the Board of Directors of a large Singapore-based company that?s in the gold and silver business. And, last night during our quarterly conference call, the management team gave me a lot of intriguing information.Sales of physical gold and silver are collapsing across the entire industry. A t the US Mint, for example, sales of US Eagle gold coins fell by 67% between February 2016 versus February 2017. And sales of US Eagle silver coins are down 75% over the same period.The one conundrum is that this trend does NOT correlate with the price of gold. In US dollar terms, the gold price is up 16% since the beginning of 2016. The paper price is rising, but physical demand is falling5/14 A rise of this magnitude and pace is as unprecedented as its impact is ubiquitous; more CO2, fewer rhinos, higher global asset prices, lower global defaults. 'People believe they,re leveraged to all of these wonderful things happening in the world. But they?re simply leveraged to what happens in China. Oil prices; iron ore, cooper, real estate, and today,s global cyclical recovery are all directly tied back to China. And this can all continue for a time

1/1e Japanese Yen - Philadelphia ($XJY) 3

1/2 $USD - Daily Candlesticks, 900

1/2 $XJY - 1 hour Candlesticks, 900

1/2 Japanese Yen - Philadelphia ($XJY) 9

1/2 Polar Power, Inc. (POLA)

4/01 Just in case; have created a Vertical Market Run or Blowoff Model, this is how they work. Again one more model to time the ultimate top. Should this happen will work this model into the charts.

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