Eric Sprott

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/31_Billionaire_Sprotts_Terrifying_Warning_As_Gold_%26_Silver_Smashed.html


"....  Maybe we are in the last death throes of the central planners trying to keep things together here....."

Thanks to Northman Trader for this

https://pbs.twimg.com/media/B0-bXr2IEAAxVsD.png

IEV

European index chart looks terrible

Gold

Ftse

S&P

Pretty hard to explain this rally without resorting to extreme cycnicism re manipulation etc. The sell setup from the Sep 19 high was perfect from a Gann price and time point of view and we took out a major swing low,so all textbook stuff for a decent correction at the very least.Sure a retracement of say 50- 62% was a reasonable expectation but this  rally through 3 Gann lines back into the original resistance zone without even a 1 day pullback beggars belief.And all this at a time when the Fed announces withdrawal of QE.
 Free markets are dead,which shouldnt be a surprise to anyone,but the scale of it is mind-blowing.....then there's gold,which should have rallied on the Japanese news but lets not go there....:-)

Northman Trader has a good set of charts and comments this weekend
http://northmantrader.com/2014/11/01/weekend-charts-the-sound-of-silence/

my best guess.....some kind of reversal week on the Gann 120* (4mnth) from July high at around 0.707 harmonic retrace (from Sep high).I like this level because it is about 1080 (3x360 pts) from low,also angles intersecting is usually resistance (or support).Obviously this is not a forecast,jut a setup requiring price action to confirm,as per usual .