Westpacific Technical Charts

Glenn Burnett Rank: 54 Followers: 13 Votes: 53 Years Member: 0 Last Update: 30 April 2017, 2:59 Categories: ETFs
Gold / Gold Stocks


1/1 POLA - Daily Candlesticks, 700

4/29 Have added a chart of IPO Cloudera, Intel invested in the company in 2014 at a then valuation of 31 dollars; it came public yesterday at 15, could be one to play; we give it a week to see how it reacts.

1/2 POLA - Daily Invisible, 1600

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 falling

1/2a 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.

1/2b JDST - 15 min HLC Bars, 900

4/24 Note they sucked them all out ahead of rally; do not be fooled when the games are played with gold; they will get you out ahead of every good move.
4/24 June 17th GDXJ rebalance http://www.nasdaq.com/article/gold-miner-etf-gdxj-to-undergo-dramatic-change-cm775363#/ixzz4euPdSaWl
adds http://themacrotourist.com/images/2017/04/AddsApr1917.png
drops http://themacrotourist.com/images/2017/04/DeletesApr1917.png

1/2c DUST - Daily Candlesticks, 900

4/24 Both JDST and DUST looking primed for breakouts.....DUST next resistance at 32.37, then she flies back into the 38s.

1/2d GDX - Weekly Candlesticks, 900

4/24 CMF still no buyers....

1/2e GDX - Daily Candlesticks, 900

1/2e GDXJ - Weekly Candlesticks, 900

1/2f GDXJ - Daily Candlesticks, 900

1/2g $XJY - Daily Candlesticks, 700

4/04 Note steepness of roof parabola; just time now for big breakdown. Note into June, break of 85 I call the death of Ponzi Japan.....it is the biggest ponzi on the globe.
7/24 Wave 2 Top on YEN is in.....remember the ------ at the BOJ control the globe via their money printing now, and they are about to lose control!!!!! West
7/27 BOJ buying another 751B in Bonds JGBs and 57B in ETFs.

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