$gold, $silver, #dxy, mining,

1. Precious Metals & General Market Review
September 2014 – Issue #327.c
9-14-14
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“Newmont Fits the Key”
Newmont Mining nearly addressed its closest gap left behind from the June blast-off on Friday.
Close but no cigar.
I think that the Season of Libra will restore justice to the markets next week beginning on
September 23rd….but you never know.
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2. That June gap exists between $23.72-23.89. I figure it will be addressed on Monday. It remains to
be seen if price will get inside the gap and bounce simultaneously off the rising linear support
line.
Both relative strength and stochastic indicators are now oversold and due for a reversal.
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3. Gold remains weak and in danger of testing $1125 where a rising linear support line may hold. Or
not.
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4. Gold is dangerously messing around with its rising logarithmic support line and the MACD is
refusing to cross over bullishly.
Goldman Sachs has been out calling for all to short the living pig spit out of gold because they
want gold at $1050.
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5. The Japanese Yen has dragged gold lower like a lead anchor.
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6. Silver continues to disappoint as well. It’s a mess and support lies down around $16.50. Well,
maybe it’s support.
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7. Silver remains weaker than copper as commodities deflation continues.
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8. Silver remains weaker than gold. That’s a bear market. A seemingly never ending bear market.
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9. The US Dollar is insanely overbought relative strength wise.
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10. The dollar is right at symmetrical triangle resistance.
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11. If this were a gold stock, based on technical discipline, I would be taking profits.
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12. The dollar appears to hold the key as to where gold’s going.
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13. 13
USERX failed to hold support.
SPLAT.

14. 14
The DOW is at resistance.

15. The markets continue higher, well above rising support moving average lines.
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16. I have no idea which way the small caps are going.
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17. The negative divergence between the MACD (falling) and the SPX (rising) remains. This new
highs new lows indicator remains on the bull signal.
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18. The 13-34 week exponential moving average model remains on the bull signal.
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19. The SPX is moving upward along the ceiling. The suggested stop range is 1900-1925. It wouldn’t
be a surprise to see the 150 day EMA test between now and the elections.
I don’t think the bull market is ending any time soon. But I do think a tight stop makes sense. Let
that be your decision.
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20. 20
Just keep an eye on the 150 day EMA.

21. The Master Thirdeyeopentrades Bull-Bear model remains firmly on a bull signal. For newer
subscribers, Thirdeyeopentrades uses the 10/12 month exponential moving average relationship
to determine when the markets are on a bull or bear signal.
Over the past twenty years, the bulls have been lasting around five to six years and the bears from
a year and one half to two years.
When the 10 crosses up thru the 12, that’s a bull market signal.
When the 10 crosses down thru the 12 that’s a bear market.
So far, the present bull market continues upward and onward; 5 ½ years old this month.
Print-print-print. The house finances look great when the credit card limits are extinguished.
That’s the recovery.
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22. The commercial shorts have succeeded in crashing the silver market and on the way down gold
follows silver.
Goldman Sachs has a way of winning, tentacles reaching every nook and cranny. Once they’ve
filled their coffers with gold at their price, then they’ll mark it up.
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23. I don’t know when the commercials will reverse their positioning on gold. They’re still reducing
shorts as gold falls in price and they cover.
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Commercials move opposite the market.

24. The commercials broke silver’s back last week. It looks like they certainly could take silver to
$16.50.
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25. Silver remains above strong logarithmic support. The money flow indicator is rising significantly
despite the recent hammering. The MACD is back on a sell signal, which sucks. Relative strength
continues to meander bearishly under 50.
That’s it for this weekend. My responsibilities to career and continuing education requirements
are going to make it a challenge to continue publishing on weekly basis, but it should get a bit
easier come mid to late October. Therefore, I apologize in advance for the brevity of weekly
review.
Thirdeyeopentrades wishes you Health, Wealth, Wisdom and Happiness!
Thirdeyeopentrades is not a registered financial advisory service and is not a broker dealer. We do not and cannot give
individualized market advice. The information in the newsletter is only intended for informational and educational
purposes. It should not be considered a solicitation of an offer or sale of any security. The reader assumes all risk when
trading in securities and Thirdeyeopentrades advises consulting a licensed professional financial advisor before
proceeding with any trade or idea presented in this newsletter. Thirdeyeopentrades may take a position and sell a
position in any security mentioned in this newsletter. We share our ideas and opinions for informational and
educational purposes only and expect the reader to perform due diligence before considering taking a position in any
security. That includes consulting with your own licensed professional financial advisor.
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