Metals » April 8 blog of MA

� Martin Armstrong � Metals � April 8 blog of MA

Topic settings

Jump to forum

Martin Armstrong General Discussion Metals Stock Market Energy Currencies Politics Currencies Dollar / Euro Report 2016

#1 | RE: April 8 blog of MA datum

Fri Apr 08, 2016 7:03 pm

813
Blog/Dow Jones
Posted Apr 8, 2016 by Martin Armstrong

Market-Closings

Gold needs a closing ABOVE 1254.50 to signal a rally. A closing below 1225 would warn of a decline. Between these two numbers is still neutral.

In Silver we nee a daily closing above 1551 on a daily basis to signal a rally but a closing above 1531 today will keep silver in a neutral position. It will take a weekly closing back below 1483 to signal new lows ahead near-term.

lakesurfer

reply

#2 | RE: April 8 blog of MA datum

Sat Apr 09, 2016 3:57 am

Checking metals, stocks, oil, currency, it's ALL in neutral position. Majority of the people are being confused, should one be bullish, or bearish, no no bullish, no no bearish, back and forth, . And as the time is elapsing the gap between bullish and bearish is getting narrowed. I think even the great master MA is not completely sure which way this will play out soon. Hence, he is doing the best that can be done at this point of time, providing the numbers.
As for the time arrays, not quite useful in determining the turning points. If the FED can make up their mind on how they will proceed with the interest rate, would help defining the short term trends. That being said though, the panic and volatility do exist on the time arrays. The gaps can not be narrowed forever, it will break, but which way for which market accordingly?

Just thought a little more about it, and one possible scenario to unfold at this point of time might be the following:
It might depend on the oil to be determining factor. If oil goes up, it will pull DOW up, and push metals (Gold) down. Accordingly the EUR (and other currencies) will go up, and USD dollar down. If the oil goes down, then the opposite will unfold.
Any thoughts welcomed.

reply

#3 | RE: April 8 blog of MA datum

Mon Apr 11, 2016 5:40 pm

Zitat
Gold needs a closing ABOVE 1254.50 to signal a rally

Is this daily or weekly? The heading of the blog article implies that it's weekly, but the next unelected weekly bullish stands above 1254.50. At least that I know for sure.
Consequently this should be a daily reversal.
I don't understand why Martin can't clearly state whether its daily or weekly. I had this unclear situation many times before with his numbers on the blog.
Or maybe it's just me not getting it because english is not my native language?

regarding market movements. There is indeed a interesting correlation between oil and the DOW in the past couple of month.
For now, the Euro has not elected a weekly bullish reversal, so it should not move up really quickly. Also oil failed to elect the daily bullish (maybe today though). I would expect that oil goes up to the 41/42 level, then a small correction and then up into May.
According to Martin, the Dow should not break out before 2017. To my understanding of what Martin expects, the Dow might correct first (after retest of resistance) before moving up further.

Martin on April 7th

Zitat
Moreover, the weekly array also show a choppy trend just yet with the weeks of the 11th and 25th and volatility beginning to rise in May

Gold and Silver may now retest resistance or even make a new high during April. This is also what I also would say when I look at the weekly array (turning point was the week March 28th.).

reply

#4 | RE: April 8 blog of MA datum

Tue Apr 12, 2016 10:49 pm

Is he still looking for a big dip even if Gold and silver are edging up in April? I see new Socrates is out today. Retired Firefighter trying to time things
Thanks.

reply

#5 | RE: April 8 blog of MA datum

Wed Apr 13, 2016 2:56 am

Does anybody know what the bottom line is with MA 2016 gold report? When is the gold bottom due? That's all I wan to know as I am a long term investor but shorter term investor for stocks/ETFs.

If not, does anybody know if there are people who want to chip in and pay the $500 for the MA 2016 gold report...I can't afford the $500 alone...just want to know the bottom line, not the white noise.

Thank you all.

reply

#6 | RE: April 8 blog of MA datum

Wed Apr 13, 2016 7:44 pm

Zitat von paul4utica

Does anybody know what the bottom line is with MA 2016 gold report? When is the gold bottom due? That's all I wan to know as I am a long term investor but shorter term investor for stocks/ETFs.If not, does anybody know if there are people who want to chip in and pay the $500 for the MA 2016 gold report...I can't afford the $500 alone...just want to know the bottom line, not the white noise.

The investor level of Socrates does also provide long term forcasts for Gold and with 150$ / Year its not expensive.

This is what MA wrote 2 Month ago and it's still valid.

Zitat
We need a monthly closing in gold ABOVE 1363 and a Quarterly closing above 1309 before you can negate a potential collapse still below $1,000. We have central banks dumping gold to raise cash. So this is not over until the central bankers scream. Holding 1170 on a closing basis leaves gold still positive for now.

If Gold doesn't make new highs during April, it's becoming unlikely that a breakout to the upside will happen.

reply

#7 | RE: April 8 blog of MA datum

Wed Apr 13, 2016 9:53 pm

Silver looks like a good short term short trade to me.
- the Dollar is appreciating
- Silver went up today while Gold went down
- Gold is now below tech resistance 1245
- Silver went up 10% from the low without a correction
- one other good reason which unfortunately I can't talk about here

the con is that Silver could still move higher, but maybe not that much anymore.

reply

End of Q1 - GOLD � � MA calling for a silver down turn?