It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford

Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin

The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Saturday 30 December 2017

Gold....time to shine ?

Gann 3rd HL setup.December candle very positive and maybe nullifies September

Sunday 24 December 2017

Happy Christmas to all long-suffering readers.I apologise for the recent paucity of posts.....have been finding it difficult to add value in these markets and otherwise occupied.Lets see what 2018 brings....


weekly chart

Thursday 14 December 2017


looks like I was wrong in my bull call on Dax today's candle was bearish and we should once again head lower to test support from the June highs around 12950 area

Wednesday 13 December 2017


seems to be approaching decent support

Tuesday 12 December 2017

CAPE ratio

from Tim Price

the CAPE ratio is not a timing measure but is a good indictor for long-term investors as to how far from fair value we are. Interest rates and free money are of course the other part of the equation

Peaking share buybacks add another sign for caution


this chart is 2 days old but shows a possible arc distribution patter



Thursday 7 December 2017

Monday 4 December 2017


we could see an overshoot of say 200 points but I would expect a  retracement in the New Year from the 12000 zone


FANGz for the memories ?

Naz first LH now in place on 4h chart,50 period ma now resistance

Saturday 2 December 2017


a bearish weekly candle and a potential double top....I am reluctant to get too bearish in December,given seasonality,but it it is hard to be bullish