claydoctor
Long

Gold and Oil links

COMEX:GC1!   GOLD FUTURES
139 0 5
Previous 126 day lag between gold             rebounding and oil             , markets followed. Now 90 days, Gold             has bottomed, OIl             to complete right shoulder (very well structured) HS, and rebound, markets to follow after they correct to previous lows or overshoot a bit. Secular bull continues after reaching valuations where bulls cannot resist (once again), and once again do not let valuations reach reasonable levels. I am starting to change my mind about a very large correction here, but still on the fence, subject to some major world event to tip the scales to an unseen variable in currency failures. In 1998 the currency failure contagion was saved by loans, saying that group of nations were too big to fail, so they did not take down the world economy. But the question remains, who will save them this time. Oil             completes the right shoulder, and perhaps the IMF comes in to save the oil             based economies of smaller world nations and the US oil             industry debt heavy frackers?A final dip to 36 in OIL             could do just that, and if we go lower than that, that is where I am saying the commodity crisis tips the scales into world wide deflation, and there would be no financial engineering tool to fight it. And if it is the IMF this time, then that starts a one world bank, government, all digital currency world. I have no words to describe how life changing for all of us the next 6 months will be. Do we save our current system or do we change it forever. And as we scare into this final dip in oil             , I think Gold             spikes short term big time as a safe haven. Being that that rise is happening, against the current and river's force, that is my sign that I am probably not off too much on the above, and that quietly big money is rotating already to GLD             and physical Gold             , what is left of it to purchase, since the mines are all going bankrupt. That shortage of supply, and the length of time to restart the mines, will cause a supply demand spike in price. Supply really low, demand spiking high. Could be the single biggest rise in GLD             ( and slv             ) in the shortest amount of time ever.
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