Ask A Gold Pimp How Massive Asset Deflation Is Good For Commodities/Gold
Ask a gold pimp how massive asset (stocks, credit/debt instruments, real estate) deflation and a worldwide major economic downcycle is good for commodities/gold. Plummeting stock markets and other markets/assets around the world are supposed to be inflationary? Forgetaboutit!
Just say no (report them to the SEC) to lowlife gold cockroach pump and dump scam artists that prey upon the unsuspecting public.
The commodities bubble is also deflationary, in that it hurts individuals and businesses. Big rigs spend $1000+ (that's right) to fill up, mining firms energy expenses have skyrocketed, as have airlines obviously. Consumers are feeling the pinch along with many businesses.
Concerning HUI/XAU/gold, the important thing now is that HUI/XAU/gold hit a 5% follow through major sell signal three weeks ago, see http://stockcharts.com/charts/gallery.html?%24xau. The multi month uptrend lines broke down and 5%+ follow through occurred to the downside. HUI/XAU/gold (gold might lag and peak in rollover mode) are in the midst of a major intermediate term downcycle, that's probably the start of an 18 monthish Wave 2 Cyclical Bear Market. HUI/XAU/gold will probably fall -50%+ in this bear market. Got cycles?
HUI/XAU very likely put in an intermediate term and a Wave 1 Cyclical Bull Market cycle high on 3-17 for HUI and on 3-14 for the XAU, see http://stockcharts.com/charts/gallery.html?%5Ehui. The XAU has a large bearish spike on 3-14's candle.
.......http://www.JoeFROCKS.com/ .
HUI NEM XAU
Just say no (report them to the SEC) to lowlife gold cockroach pump and dump scam artists that prey upon the unsuspecting public.
The commodities bubble is also deflationary, in that it hurts individuals and businesses. Big rigs spend $1000+ (that's right) to fill up, mining firms energy expenses have skyrocketed, as have airlines obviously. Consumers are feeling the pinch along with many businesses.
Concerning HUI/XAU/gold, the important thing now is that HUI/XAU/gold hit a 5% follow through major sell signal three weeks ago, see http://stockcharts.com/charts/gallery.html?%24xau. The multi month uptrend lines broke down and 5%+ follow through occurred to the downside. HUI/XAU/gold (gold might lag and peak in rollover mode) are in the midst of a major intermediate term downcycle, that's probably the start of an 18 monthish Wave 2 Cyclical Bear Market. HUI/XAU/gold will probably fall -50%+ in this bear market. Got cycles?
HUI/XAU very likely put in an intermediate term and a Wave 1 Cyclical Bull Market cycle high on 3-17 for HUI and on 3-14 for the XAU, see http://stockcharts.com/charts/gallery.html?%5Ehui. The XAU has a large bearish spike on 3-14's candle.
.......http://www.JoeFROCKS.com/ .
HUI NEM XAU
Labels: Gold, Gold Stocks, HUI, NEM, Silver, Silver Stocks, XAU
posted by Joe Ferrazzano at
7:51 PM
3 Comments:
The gold Emperor has no clothes!
By
Joe Ferrazzano, at 8:13 PM
Who ya gonna call? Gold Pimp Busters!
By
Joe Ferrazzano, at 8:15 PM
A deception for personal gain is FRAUD, it's criminal activity. Keep that in mind when you read (or see on TV) a gold pimp.
By
Joe Ferrazzano, at 8:22 PM
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