Westpacific Technical Charts
1/1 POLA - Daily Candlesticks, 700
4/26 Miner shorts getting ahead of gold IMO, see several factors in the coming days; BOJ Thursday; YEN coming into that support cluster of the 89s. Stock Splits Monday and potential government shutdown on Monday as well. Trump has called all US citizens to leave Korea and calling all senators into WH for special meeting, he also did a phone call to China and Japan to discuss N. Korea. Should there be something around NK; it could favor gold in the near term......Then add in I have little doubt the 3rd wave down has begun, the TRIX weekly remains bullish on GDX, that needs to roll over to feel red hot short miners. Perhaps a bit of a pause into next week? So much ongoing near term, side with some caution for now. What a two day run! JDST put in bit of a topping stick as well on close....we should see some trend and consolidation into next week. Then the chance to load again. Remember this whole trade is the dollar/yen....nothing else matters. Would have to think if anything happens in Korea; YEN is toast; will selloff hard, keep that in mind. On the other side; government shutdown and dollar could selloff, it is truly a tricky trade near term!
4/26 Small Wave 2 retrace underway; have already worked this into many of the charts; should take us into near the end of next week then reload the boats, bigger move down coming. Will lay out numbers here manana....we are talking 3 or 4 points on GDXJ and a point or so on GDX, 50 into 62% retraces is all....23.28 into 23.67 on GDX and 34.61 into 35.44 GDXJ. Forget trading this bounce long.....not worth this risk. Note all retraces setup on charts just below and always use GDX chart first on retraces; GDXJ second ahead of DUST/JDST; have a great night.....west
1/2 POLA - Daily Invisible, 1600
3/03 Energy Producers XOP, BP, for example, recently admitted that its finances will not breakeven unless oil trades at roughly $60 per barrel. ?Recall that the initial trigger for the global financial crisis was about $US500bn worth of losses on US mortgages. Gave cites figures [showing] that through the magnifying effects of derivatives markets, that wiped some $US7 trillion from global GDP and $US28 trillion from global equity markets.? View the US$5.4 trillion ?alternative energy sector? debt, mainly associated with the US fracking boom, through the ?magnifying effects of derivatives? and you begin to see the scale of calamity soon to befall the world?s financial institutions.
3/18 Authored by Simon Black via SovereignMan.com, I serve on the Board of Directors of a large Singapore-based company that?s in the gold and silver business. And, last night during our quarterly conference call, the management team gave me a lot of intriguing information.Sales of physical gold and silver are collapsing across the entire industry. A t the US Mint, for example, sales of US Eagle gold coins fell by 67% between February 2016 versus February 2017. And sales of US Eagle silver coins are down 75% over the same period.
The one conundrum is that this trend does NOT correlate with the price of gold. In US dollar terms, the gold price is up 16% since the beginning of 2016. The paper price is rising, but physical demand is falling
1/2a Polar Power, Inc. (POLA)
4/01 Just in case; have created a Vertical Market Run or Blowoff Model, this is how they work. Again one more model to time the ultimate top. Should this happen will work this model into the charts.
1/2b JDST - 15 min HLC Bars, 900
4/24 Note they sucked them all out ahead of rally; do not be fooled when the games are played with gold; they will get you out ahead of every good move.
4/24 June 17th GDXJ rebalance http://www.nasdaq.com/article/gold-miner-etf-gdxj-to-undergo-dramatic-change-cm775363#/ixzz4euPdSaWl
1/2c DUST - Daily Candlesticks, 900
4/24 Both JDST and DUST looking primed for breakouts.....DUST next resistance at 32.37, then she flies back into the 38s.
1/2d GDX - Weekly Candlesticks, 900
4/24 CMF still no buyers....
1/2e GDX - Daily Candlesticks, 900
1/2e GDXJ - Weekly Candlesticks, 900
1/2f GDXJ - Daily Candlesticks, 900
1/2g $INDU:$GOLD - Weekly Solid Line, 900
3/28 Follow me short gold miners and in a few months you will almost double your money! GOLD is way overbought..imagine if this index moves up and it will, Yen tanks! This same chart monthly TRIX it just reversed upard! West