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DrBubb's Diary - May 2018 Trading - v.112


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TOP of Page Header ... : Channel-GE : MP : PP : Charts : Acore : Fringe :

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3d : ag : au : 10d-Gvs.UK : >News : DrRp : AJo : Fox : WRH : Arc : RenA : Rvd : FxN :

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BTC all data: 8yr: 3yr: 12mo: 6mo 1mo 10d10d 5d / SLV-lv

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02/28: 0.6100 x10950-(- 50) =6680: -100:10950Mar(-800):6680/( -750 :11.2%):+0100:11048 +025,-.007: 11.6
03/31: 0.6817 x$7091- +200 =4834 -050:$7041Jun(+403):4800/(+603+12.6%):
04/29: 0.6942 x$9407- +100 =6530 +010:$9417Jun(+203):6537/(+303+4.64%):+0000:$9,477 +070,-.000: 9.65
05/05: 0.6937 x$9846(+000) =6830 +238:10,084Jun(+003):6995/(+003+0.04%):+0000:10,131+285,-.000: 10.1H
05/10: 0.6937 x$9365(+000) =6497 +268:$9,533Jun(+003):6613/(+003+0.05%):+0000:$9,633+568,-.000: 9.90

======
-Bonus: 0.225 x12750=$3337; x$9,533= $2145: 4468: H:4726 / ($258) /.6937= $372 = 9.90 New High !

Bitcoin--- : $9,330 ---- @9330
Cardano-- : .00003628 : $ 0.33
Bitc. cash- : 0.1889 -- : $1,761.
Ethereum-: 0.08434 -  : $  787.
Litecoin-- : 0.01807 -- :  $  169.
Ripple----- : 0.0000913 : $ 0.85

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PURE MAGIC, it will seem ... if it works

Big Movers Meet-Cryptos Should Rise

 

"$150,000 to get a little booth at this conference"

"$1999 just to get in"

Remote Viewing: XXX $250 By Sept?

=> New thread: Remote Viewing A Crypto with 10-Bagger potential

 

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Tony C

LONG TERM = Uptrend

With this Intermediate wave iv correction still lingering on. Some are thinking we may already be in a bear market. For some sectors of the market that may be true. But for many others it is not. Regardless of counts and wave structures, the DOW, NYSE and DJ Global index still require at least one more new high to end their bull markets. Plus FANG stocks, i.e. AAPL, AMZN, GOOG, and NFLX are still in bull markets. And market breadth indicators, the NYSE A/D and the SPX A/D, both made new highs last month. No bear market yet!

spxwkly.png?w=640&h=485

The long term count remains unchanged. Primary waves I and II of a new Cycle wave bull market completed in 2015 and 2016. Primary III began then and should complete some time around the year 2034. Its first bull market is Major wave 1 from the 2016 low. Major waves divide into five Intermediate waves. Int. i and ii completed in the spring of 2016. Int. iii then subdivided into five Minor waves. Minor waves 1 and 2 completed in the fall of 2016, and Minor waves 3 and 4 completed in the spring of 2017. Minor wave 5 and Int. iii recently completed in January 2018. Int. wave iv has been underway since then. When it concludes the bull market should resume, and Int. v should carry the market to new highs.

SPX ... update / Last: 2,697.79 +25.87: +0.97%

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MEDIUM TERM: downtrend

We have been tracking two possible medium term counts: triangle and double three. The first is posted on the SPX daily and the other on the SPX hourly. The triangle pattern suggest a rally to exceed SPX 2717 in the coming days/weeks to complete a wave D. Then a decline to about the mid-2550 level to end wave E and a triangular Int. wave iv. The double three pattern suggests a drop to the mid-2550’s or so without ever rallying above SPX 2717 to complete a 3-3-3 pattern. Either way it appears the mid-2550’s would be hit before the market enters a new uptrend.

> https://caldaro.wordpress.com/2018/05/05/weekend-update-652/

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Last week, I suggested people monitor PH property developer share prices this week.

Good News for the bulls - the stocks are holding at or above support levels

here's ALI / Ayalaland ... update :

F3ezt6Q.gif

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Gold Is "Radically Undervalued" - Goehring & Rozencwajg ... Kitco Video News

Compared to rising oil prices, gold is significantly undervalued and is presented with a good buying opportunity, said Leigh Goehring, managing partner at Goehring & Rozencwajg Associates.
“Oil will continue to do well. If oil were to go to $100 a barrel and gold were to stay at these levels, we’re getting down to that undervalued area of 10 to 1 (13:1?), where an ounce of gold only buy 10 barrels of oil, at that point I believe gold will be radically undervalued and will take off,” Goehring told Kitco News on the sidelines of the Mines & Money New York conference.
Goehring noted that even in a rising rate environment, gold has opportunities to rally.
“If you look historically, whether it be the great gold bull market in the 1970s, or the bull market last time, both of them occurred during rising interest rates,” he said.

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WARS - "Stars are aligned", says the rogue nation...

xx

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DIFFERENT Directions?  REALLY???

Metals Getting Ready For A Big Move

Gold and silver are once again setting up for a big move as they sit in a consolidation range. The congestion pattern represents the time of most confusion for investors as markets reach the bottom of the range and bounce, and then reach the top end only to sell off. This pattern keeps investors and traders alike in a state of frustration.

Gold has been consolidating for six months while silver has been in this pattern for almost a year. As the consolidation narrows, the odds increase for a big move in either direction. Consolidation creates a combustible set-up, which leads to a big move in either direction.

The way the metals are set up now, gold should break out to the downside to $1,280, while silver should break out to the upside and test the mid-$17 level. The gold/silver ratio is 79-1 and continues to come in, heading to the next level of 70-1.

haH8cNHl

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ratio : Gold to Brent Oil

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Ratio : SPX -toGold

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Why The New Starbucks Bathroom Policy Is A STEAMING CUP OF FAIL — From A Former Employee’s Perspective

Like many other Starbucks stores, we set a four-digit code on the bathroom locks so they couldn’t be accessed by just anybody. Paying customers had to ask for the code. And it changed every couple of weeks, so even regular customers had to ask. But there were good reasons behind this mandatory system that has recently been changed to allow non-paying customers to use Starbucks bathrooms, too.

First, the store I worked at was the third busiest in the entire city of Boston, located next door to Mass General Hospital, two large hotels, a train station and a residential neighborhood. The street was also home to many homeless people who slept beneath store awnings and private doorways in early hours of the morning when we opened.

In Boston, it’s illegal to offer shelter to people abusing substances. The Department of Housing and Community Development (DHCD) and Emergency Assistance (EA) are legally allowed to perform drug tests on those they believe to be under the influence of drugs or alcohol at shelters. Therefore, those who do have alcoholism problems or drug addictions often make the conscious choice to pitch up outside in public areas.

> http://dailycaller.com/2018/05/15/starbucks-bathroom-policy-fail/

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ugh ! support broken, stops hit !

Pressure Is Mounting In Gold Market Kitco News

After gold reached $1,326, the pressure has been on and gold is ready to test the recent lows at $1,302. It would be no surprise to see gold bounce off the $1,302 level, but breaking through $1,300 is almost a certainty in the current pattern.

The successive lower highs and lower lows indicate that the pressure is mounting on gold’s way to $1,280. Gold is just ugly right now and the added pressure from a strong dollar is just another excuse for the sellers to push gold lower.

Even with the recent pressure, gold has not yet become oversold, meaning a dead-cat bounce is not in the cards yet. We continue to observe waiting to see the action when the $1,280 level is reached. We are looking to be buyers at those levels, depending on the price action when $1,280 prints.

BREAKING:

Gold Prices Extend Loss As U.S. April Retail Sales Rise 0.3% Kitco News

Gold prices are sharply lower and fell to a nearly five-month low in early U.S. trading Tuesday. Importantly, the yellow metal has fallen below major technical support at $1,300.00. The drop below that key level set off a large number of pre-placed sell stop orders in the futures market, to drive prices still lower. The U.S. dollar index has resumed its trek north today, which is, and has been, a significantly bearish force working against the precious metals bulls. June Comex gold futures were last down $21.20 an ounce at $1,296.60. July Comex silver was last down $0.37 at $16.275 an ounce.

The gold and silver markets saw increased selling pressure in reaction to the U.S. retail sales report for April, which came in at up 0.3%, which was in line with market expectations. The Empire State manufacturing report also came in solid. Analysts deemed the reports as showing a healthy U.S. economy that won’t deter the Federal Reserve from continuing to raise interest rates.

As of 8:42 a.m. EDT, Comex June gold was down $15.60 to $1,302.60 an ounce. Five minutes before reports on retail sales and the Empire State manufacturing survey, the metal was at $1,305.90.

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Gold came into the New York trading day on the defensive, with overseas analysts blaming the losses on the stronger U.S. dollar amid recently rising Treasury yields.

March retail sales were revised upward to a gain of 0.8% from the previously reported rise of 0.6%.

“U.S. retail sales made a solid but unspectacular start to Q2,” says Andrew Grantham of CBIC Economics. “The 0.3% gain in headline sales was in line with consensus expectations, although a two-tick upward revision to the prior month (now +0.8%) added a somewhat positive tone.”

Grantham commented that colder-than-normal weather in parts of the U.S. did not appear to materially dampen sales, as clothing (up 1.4%) and building materials (up 0.4%) sales were both higher.

“Overall, these are solid figures, particularly given the upward revision to March, which supports our forecast that consumer spending is accelerating again in Q2 after a sluggish first quarter,” Grantham said.
April retail sales were up 4.7% year-on-year, while sales excluding autos were up 4.8% from the same month of 2017.

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GLD near Key Support - about $122 ... update

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FAANG stocks look poised to breakout to new highs

... update

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SPY lags behind ... update - At $272.24 still 5% below High for year, $286.63

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We Found It All’: Goldcorp Says Mining Reached ‘Peak Gold’; ...

Kitco News

 

All major gold deposits have already been found, said Goldcorp chairman Ian Telfer, adding that mining production can only go downhill from here.

“We’re right at peak gold here,” Tefler told the Financial Post on Wednesday. “Gold produced from mines has gone up pretty steadily for 40 years. [But], this year [or next] it will start to go down, or it’s already going down.”

The dwindling production will boost gold’s prices in the long-run, according to Telfer, who is very bullish on gold despite a recent drop below $1,300 an ounce — a very critical resistance level for the precious metal.

Telfer said he sees gold prices heading all the way up to $1,500 or $1,600 an ounce by the end of this year.

Gold prices tumbled more than 2% on Tuesday, hitting this year’s lowest levels on strengthening U.S. dollar index that climbed to a five-month high. As Asian markets opened on Thursday, spot gold on Kitco.com was last trading at $1,291.10, up 0.07% on the day, and June Comex gold futures were at $1,291.00, down 0.04% on the day.

The argument of peak gold has been gaining support within the mining industry. The World Gold Council (WGC) said in September that annual global gold production will not be able to exceed current levels in the future.

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Effects of Fed Rate Increases

In our recent article: Will June Be A Major Low for Gold, we outlined some reasons why we believed that we would see one more pull-back before the next buying opportunity, and that pull-back has begun (and could be finished). In that article and in the chart below, we show how most/all of the recent rate increases by the Fed coincided with a nearby cycle low in gold prices. The chart below shows this graphically.

14584222_15265039920563_rId6_thumb.jpg

Since the Fed is expected to raise rates again on June 13th, it is reasonable to think that another cycle low will occur before or during June. This has been a classic “sell the rate hike expectation and buy the rate hike event” in almost every case.

As can be seen on the chart above, the $1,300 price level has been a very important threshold for several years. It is difficult for us to believe that the $1,300 level will be breached to the downside for just a day or two. What was solid support will often become solid resistance. Overall, we would be more confident that price has bottomed if we were closer to the middle of June and near the expected Fed rate increase.

/ 2 /

Gold Is Getting Closer To A Solid Entry Point

Kitco News

Gold is getting closer to our $1,280 target, making an overnight low of $1,284. It appears the sellers are running out of steam but should have one more burst to the downside. The $1,280 level should be a solid entry level with the possibility of going down to $1,260.

Since the highs of April 11, gold has dropped about 6% and is completing the downside move. Volume is starting to dry up and gold is in an extremely oversold condition. Rising interest rates and the strong dollar are the culprits, but those events have been priced in.

While gold is finishing its down move, silver prices have already found theirs. Silver should hold $16 and move higher and run to $17 as the first resistance. The long-term view for the metals is higher as they have made or are near the bottoms.

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Rogers:  "China’s market is 40 percent below its all-time high.

Japan is 50 percent below its all-time high. I'd much prefer China"

Okay.  But here's the China A-25 Index ... update / Last: 14.68, almost double the low of two years ago

M8NMEJ9.gif

I would not be surprised to see China back down to $12, & Maybe lower.

( 12/14.68 = 18% lower )

Why? Well, because of the chart, and things like falling Leading indicators in China

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DOWNTIME?

The site came up for my monthly rollover, and I did not have access to my CC for 24 hours.

It is back up now!

=====

DATA

10: 272.02 +2.52 60.8M: 13.23 : 22.95 +0.32 : 125.18 +0.85 5.12M: 1322.3 $71.36 : $92.71 -0.41 : 118.93 +0.95/ 05, 029; 044, 174
11: 272.85 +0.83 50.4M: 12.65 : 22.88 -0.07 : 125.00 -0.18 4.17M: 1320.7 $70.70 : $92.55 -0.16 : 119.23 +0.30/ 04, 033; 044, 218
14: 272.98 +0.12 00.0M: 14.63 : 22.78 -0.10 : 124.49 -0.51 0.00M: 1318.0 $70.96 : $92.65 +0.10 : 118.60 -0.63/ 03, 036; 042, 260
15: 271.10 -1.88 78.0M: 14.49 : 22.26 -0.52 : 122.48 -2.01 10.8M: 1290.3 $71.31 : $93.30 +0.65 : 117.25 -1.35/ 02, 038; 040, 300
16: 272.24 +1.14 44.7M: 13.55 : 22.29 +0.03 : 122.29 -0.19 4.86M: 1291.5 $71.49 : $93.32 +0.02 : 116.80 -0.45/ 04, 042; 028,
17: 272.01 -0.23 51.2M: 13.28 : 22.19 -0.10 : 122.36 +0.07 7.74M: 1289.4 $71.49 : $93.45 +0.13 : 116.21 -0.59/ 02, 044; 025, 353
18: 271.33 -0.68 58.2M: 13.42 : 22.19 -0.00 : 122.41 +0.05 6.51M: 1000.0 $00.00 : $93.66 +0.21 : 117.21 +1.00/
==========

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NEEDS UPDATE


 ==== : Fye'16 : Fye'17 : +-%chg :  01/05 :  02/02 :   03/02 :  03/29  :  04/27 :  05/04  :  05/11 :  05/18 :
Gold : 1151.7 : 1309.3 : +13.7% : 1322.3 : 1337.3 : 1323.4 :  1327.3 : 1323.4 : 1314.7 : 1320.7 : 1291.3 :
GLD- : 109.61 : 123.65 : +12.8% : 125.33 : 126.39 : 125.39 : 125.79 : 125.50 : 124.54 : 125.00 : 122.41 :
SPY- : 223.53 : 266.86 : +19.4% : 273.42 : 275.45 : 269.08 : 263.15 : 266.56 : 266.02 : 272.85 : 271.33 :
SPX- : 2238.8 : 2673.6 : +19.4% : 2743.2 : 2762.1 : 2691.3 : 2640.9 : 2669.9 : 2663.4 : 2727.7 : 2713.0 :
Sp/Au 194.4%: 204.2%: ====== : 207.5%: 206.5%: 203.4% : 199.0%: 201.7%: 202.6%:  206.5%: 210.1 %:
Silvr : 16.580 : 17.150 : +3.44% :  17.285 : 16.710 :16.470 : 16.268 : 16.500 : 16.520 : 16.750 : 16.445 :
SLV- : $15.64 : $15.98 : +2.08% : $16.22 : $15.66 : $15.56 : $15.41 : $15.57 : $15.54 : $15.70 : $15.48 :
XLE : $75.32 : $72.24 : -4.09%: $74.97 : $72.46 : $66.95: $67.41: $73.82 : $73.85 : $76.73 : $78.11 :
WTIc: $53.72 : $60.42 : +12.4% : $61.44 : $65.45 : $61.25 : $64.94 : $68.10 : $69.72 : $70.70 : $71.37 :
Au/Wt:  r-21.4 :  r-21.7 : ====== :  r21.52 : r-20.43 : r21.61 : r-20.44 : r-19.43 : r-18.86 : r-18.68 : r18.09 :
Ngas: $3.350 : $2.950 : - 11.9% : $2.795 : $2.850 : $2.690 : $2.730 : $2.770 : $2.710 : $2.807 : $2.847 :
Cop'r: $2.510 : $3.305 : +31.7% : $3.230 : $3.190 : $3.120 : $3.030 : $3.050 : $3.090 : $3.112 : $3.064 :
Weat : 408.00 : 426.25 : +4.47% : 430.75 : 446.75 : 500.00 : 451.00 : 498.50 : 526.25 : 498.50 : 518.25 :
Corn : 352.00 : 350.75 : - 0.36% : 351.25 : 361.50 : 385.25 : 387.75 : 398.50 : 406.25 : 396.00 : 402.50 :
CRB- : 192.51 : 193.86 : +0.07% : 193.45 : 197.44 : 194.12 : 195.36 : 201.39: 203.25 : 203.54 : 203.69 :
DBA : $19.97 : $18.76 : -6.06%: $18.83 : $18.97 : $19.39: $18.18: $19.22: $19.32 : $18.97: $18.87 :
D/crb: 10.37% :  9.67% : ====== : 9.73%  :  9.61%  : 9.90% :  9.31% :   9.54% :  9.51% :  9.32%  :  9.26%  :
Xle/D: r-3.770 : r-3.850: +2.14%: r-3.981 : r-3.820 : r3.453 :  r-3.707 : r3.841 : r3.822 : r-4.045 : r-4.139 :
DXY- : 102.38 : $92.30 : - 9.85% : $92.01 : $89.19 :: $89.91 : $89.81 : $91.53 : $92.41 : $92.55 : $93.66 :
TLT- : 119.13 : 126.86 : + 6.49% : 125.71 : 119.58 :: 118.35 : 121.90 118.89 : 118.99 : 119.23 : 117.21 :
====
Gold : 1151.7 : 1309.3 : +13.7% : 1322.3 : 1337.3 : 1323.4 : 1327.3 : 1323.4 : 1314.7 : 1320.7 : 1291.3 :
Au/hd: r1.401 : r1.58E : ====== : r1.584 : r-1.589 : r-1.587 : r-1.569 : r-1.519 : r-1.521 : r1.52EE : r1.510
Hold : 822.17 : 830.00 : +01.0% : 834.86 : 841.35 : 833.98 :  846.12 : 871.20 : 864.13 : 869.EE : 855.28 :
GDX- : $20.92 : $23.24 : +11.1% : $23.67: $22.91 :  $21.49 : $21.98 : $22.73 : $22.65 : $22.85 : $22.19 :
WPM : $19.32 : $22.27 : +15.3% : $21.95 : $21.13 : $19.32 : $20.37 : $21.35 : $21.32 : $21.86 : $21.66 :
Gdxj : $31.55 : $34.13 : +8.18% : $34.48 : $32.29 : $31.73 : $32.15 : $33.03 : $33.55 : $33.85 : $32.84 :
PHM: $18.38 : $33.34 : +81.4% : $34.54 : $30.70 : $28.95 : $29.49 : $31.06 : $30.98 : $31.34 : $29.91 :
EEM- : $35.01 : $47.30 : +35.1% : $49.13 : $49.05 : $48.13 : $48.28 : $47.26 : $46.43 : $47.40 : $46.07 :
ShCm: 3103.7 : 3307.2 : +6.56% : 3391.8 : 3462.1 : 3254.5 : 3168.9: 3082.2 : 3091.0 : 3163.3 : 3193.3 :
PhpSi: 6840.6 : 8558.4 : +25.1% : 8770.0 : 8810.8 : 8458.6 : 7979.8: 7721.0 : 7546.2 : 7752.1 : 7672.3 :
XLF-  : $23.25 : $27.19 : +16.9% : $28.41 : $29.36 : $28.44 : $27.57: $27.70 : $27.27 : $28.26 : $27.95 :
IWM- : 134.85 : 152.43 : +13.0% : 154.75 : 153.83 : 152.35 : 151.83: 154.60 : 155.73 : 159.84 : 161.87 :
F/iwm 0.1724 : 0.1784 : =====  : 0.1836 : 0.1909 : 0.1867 : 0.1816 : 0.1791 : 0.1751 : 0.1768 : 0.1727 :
BTC-- : $948.5 : 13,100 : x13.8X : 15,840 : $8,800 : 11,117 : $7,401 : $9,230 : $9,593 : $8,580 : $8,106 :
==== : Fye'16 : Fye'17 : +-%chg :  01/05 :  02/02 :   03/02 :  03/29  : 04/27 :  05/04 :  05/11 :  05/18 :

QfEZ5dk.png

=====

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