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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Two Legends Just Issued Major Alerts

    Lobo
    Lobo
    Lobo
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    • Post n°1

    Two Legends Just Issued Major Alerts Empty Two Legends Just Issued Major Alerts

    Post by Lobo Wed 03 Feb 2016, 5:43 pm

    Two Legends Just Issued Major Alerts
    February 03, 2016
    Two Legends Just Issued Major Alerts King-World-News-We-Just-Got-A-Major-Warning-Signal-That-Preceded-Stock-Market-Crashes-In-1987-2007-864x400_c
    On the heels of the dollar tumbling nearly 2 percent and the Nikkei plunging more than 3 percent, two legends just issued major alerts.
    Two Legends Just Issued Major Alerts King-World-News-We-Just-Got-A-Major-Warning-Signal-That-Preceded-Stock-Market-Crashes-In-1987-2007Two Legends Issue Major Alerts
    First, here is a portion of today’s note from legend Art Cashin, which references what Nomi Prins was warning KWN about yesterday. As always, Cashin gets right to the heart of what could turn out to be a very dire situation:
    Oil, Contagion Concerns, And Even The Election Weigh On Markets – Once again weakness in crude helped send equity prices lower. Energy stocks took a sound pounding.
    The weakest group, however, were the financials, as fears of contagion began to resurface in a manner not seen since crisis trading. Several reports speculated that the weakness in oil and other commodities could lead to bankruptcies in the trading houses, even some of the largest. If that were to happen, it might have a large negative impact on some money center banks.
    It will be interesting to see how Draghi and Kuroda react to the unwanted strength in their respective currencies. Stick with the drill – stay wary, alert and very, very nimble.
    Second, below is a fascinating update on the gold market from legendary market technician, Louise Yamada.
    Yamada Says Gold Is Now Under Accumulation
    By Louise Yamada, Founder of Louise Yamada Technical Research Advisors

    February 3 (King World News) – Gold Spot price (GOLDS-1,118.17, see Figure 31, left), for the first time in three years there is a very minor saucer of accumulation for Gold, currently addressing the declining 200-day MA. We have cited 1,200 as the first important resistance to be addressed, representing the broken support of 2013-2014. Simultaneously, now, 1,200 would also address the 2013 downtrend that has confined each rally over three years, creating a series of lower highs (representing selling into strength).
    Gold had nearly achieved our 1,000 target, representing a strong support from the 2008-2009 price action, where we anticipated Gold might stabilize. The accumulation at hand (see saucer on the right hand side of the chart below) suggests 1,200 may be achieved, but technically a larger consolidation should be needed to carry price much higher at the moment.
    Two Legends Just Issued Major Alerts KWN-Yamada-I-232016
    We know the S&P 500 (or DJIA) versus Gold ratio suggests an inverse relative strength performance relationship (as depicted herein last month in Outlook 2016). But even if the equity market corrects, Gold can outperform simply by not going down, as well as by moving up moderately.
    Given the 45% decline for gold, we would anticipate a larger period of repair prior to a significant move up. The weekly momentum model has been essentially flat throughout the past two years; the monthly remains flat but negative, neither offering a strong message at this time.
    Yamada is now watching the $1,200 level very closely in order to see if there is a major trend change in gold.  Yamada has been correct on gold’s downward trend for quite some time, but she will turn bullish if her long-term indicators give her a buy signal.  KWN will immediately alert readers as soon as Yamada issues a buy signal on gold.
    http://kingworldnews.com/two-legends-just-issued-major-alerts/
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