Updates On Several Markets

CNBC announced this morning that a total shutdown of the US government may limit gold's price decline, and there is a new rumour that CNBC may announce later today that if the known universe is 100% destroyed, that event could also limit a gold price decline.

Question: Are there any market events that mainstream media does not spin as gold-negative? Answer: Yes, there are some needles in the haystack.

The gold market is a war, and all armed forces must wear a uniform into battle. To view your fiat opponents in full battle gear, please click here now.

Obviously, only YOU are your own enemy in the gold market. Greed & fear, not some toilet paper head telling gold-to-zero stories, are your enemies. The chimps are your entertainers. You'd be bored if they didn't exist. They're building massive paper gold markets in India & China to take your gold price into the stratosphere.

Regardless, only those with a lot of patience are going to the real honey pot zone.

For now, your gold starship is docked. The Western super-crisis is in lull mode, despite what the parabola demanders tell you. You got a taste of what's coming down the demand pipe out of India, after the April gold game played by the chimps. 800 tons of demand in a month is what India can bring to the table, and more, if push comes to shove.

I expect 300 tons a month in consistent demand to come from both India and China, meaning 600 tons a month in total average monthly demand out of Chindia, but that's a ways down the road. It's a bit near, but certainly not here.

India's citizens could probably buy all gold held by all central banks, and buy all gold held by all Western investors, and they probably will try to do so, but it's going to take some time before their relentless actions have a dramatic effect on your gold price.

I've got a lot of charts for you to look at now, so let's hope most modems and browsers are functioning. Here we go:

While your gold starship is in dry-dock, the chimps did send a little spice your way, so you don't fall asleep. The Dow is in the middle of my August 7 & October 31 crash season. Only a certified moron buys the Dow during that time, unless it is crashing. Can YOU imagine how utterly terrified all the price chasing morons that stupidly waded into the stock market at the start of crash season are now? Can you imagine how much more terrified these idiots will become, if the Dow begins to really crash?

I can…and if it happens, what the idiots sell in terror, will become.... mine. Hi ho, hi ho, it's off to the dump, with giant loads of price chasing garbage, all the chimp garbage truck drivers, soon do go?

That's the daily silver chart. Note the ?wet noodle? action of both price and the stokeillator (Stochastics 14,7,7 series). Let's hope that something drives price over that red downtrend line, but buy-side HSR is just below current levels, at $20.75, so I don't think you need to be terrified of any sell-off here.

Watch the copper & platinum prices. A move over $1560 for January platinum, and $3.50 for copper could trigger institutional buying of silver, and blast it over $25. I realize a move to $30 or so isn't the super-parabola demanded by many, but I doubt that T-bonds will be returning 50% any time soon, so, appreciate what a 50% gain is...

Speaking of T-bonds:

Rising bond prices are a key gold price driver, at least for now. Mr. Bond's stokeillator has a nosebleed, at 91.

A move over 135 could create a surge in gold, probably to $1480, but a rest maybe required before an assault on the bears at T-bond 135 takes place.

Another key gold price driver (during the Western super-crisis to Asian gold super-bull era transition phase) is the price action of the euro.

The euro stokeillator also has a nosebleed, and the chimp algo traders wrecked the flag pattern last week. Most key government leaders are better defined as armed robbers and mobsters, and there's nothing they'd like better than to see the dollar rally, while the US government is shut down and out of money to spend. ?Yes, the US government has no money, it's closed down, and that's why the dollar is now a super-buy!? -World government mafia leaders, September 30, 2013.

Natural gas has a reputation as the world's most volatile commodity. Cheer loudly for ?Prince Natty? to rally to your next pgen sell point in th $4.02 area on this chart, while fully endorsing the possibility of prices, impossibly, dropping by 50%, or more. I think the 2014 pseudo-recovery will help natty, but I know the pgen will help me, and you, whatever happens.

Gridtime!  -- That's the 5 minute bars chart, and the question is, did YOU sell anything, mentally or actually, into key $1350 HSR when the chimps cooked all the bears on the barbie last night? Or, did you buy, then climb onto your roof, and point a parabola-now arrow at the gold price sky?

You can see on this daily gold chart that the stokeillator is struggling, but looks decent with the lead line at about 38 and rising. The $1350 sell-side HSR zone is pretty clear. Round number fans have their next buys at $1300, and HSR fans pounce at $1266. Let's cheer for a rally to $1425, but let’s not forget to sell there, if it happens. Jobs report is this week, to spice up the US congress entertainment show. See you out there, on the gridlines that matter!

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