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Post by clinton on Apr 6, 2015 9:04:14 GMT -5
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Post by novie08 on Apr 6, 2015 9:38:25 GMT -5
Booo...silver undergoing a major squeeze here. +3.4% currently...is it the same chart?
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Post by huh on Apr 18, 2015 8:17:55 GMT -5
Whether long or short gold, tight stop definitely warranted here. The larger H&S and the failed iH&S would suggest back to 1140's. But Friday's close and the dollar suggesting the iH&S could play to high 1290's for a head test of that larger H&S. Either way, the next move will be a big one, relative to recent action anyway. Personally, I think the dollar always wins, and it still has an appointment downtown with 95. In the bigger picture, gold still trending down until over the major downtrend line, which currently sits ~1320. Long term downside target still ~935.  |
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Post by jacksrbtr on Apr 19, 2015 18:41:51 GMT -5
PBS Weekly Report by Shreenivasan on Sunday evening had an interesting report on digital money. It's coming and being promoted by Wall Street. And my guess is that Apple's system will be a winner if not THE winner.
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Post by novie08 on Apr 19, 2015 20:01:12 GMT -5
PBS Weekly Report by Shreenivasan on Sunday evening had an interesting report on digital money. It's coming and being promoted by Wall Street. And my guess is that Apple's system will be a winner if not THE winner. Government/Wall Street = same Nowhere to run, nowhere to hide...no cash transactions means no labor without paying SS & Medicare tax...this will bring all of the cheap labor into the paying pool. Apple also recently got a patent on tech to have your phone record your weight, BP, BMI, etc. before you can turn on your phone...EVERY day!!! Anyone got a cheap hole I can crawl into?  |
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Post by huh on Apr 21, 2015 7:13:34 GMT -5
Although still a a little bit away, if gold >1216 = 1290's
1196.50 is the support it needs to hold
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Post by crumbdon on Apr 21, 2015 7:52:58 GMT -5
4/20: Gold Extends Gains Above $1,200 On Weaker Dollar –Reuters
4/21: Gold Holds Losses Below $1,200 On Stronger Dollar –Reuters
'Nuff said.
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Post by novie08 on Apr 21, 2015 11:43:37 GMT -5
$15/oz. turnaround today...and "they" say it isn't manipulated!
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Post by huh on Apr 21, 2015 12:09:54 GMT -5
If we were to see gold and dollar begin to rally together, while oil & equities falling, that's likely a fear trade and I'd expect some bad news around the corner. JMO
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Post by novie08 on Apr 22, 2015 9:14:30 GMT -5
Is the Fed speaking? big takedown in spot today...in spite of which, cnl.to green on a very red day.
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Post by huh on Apr 22, 2015 9:20:11 GMT -5
Is the Fed speaking? big takedown in spot today...in spite of which, cnl.to green on a very red day. ...If gold loses 1188, next downside target is 1140's. Major upside resistance ~1217.50... Testing that 1188 support again. Don't want to see it lose that IMO. (if it does, could get one big bounce yet from ~1178) But like I said yesterday, gold's a tough one to figure this week. |
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Post by huh on Apr 22, 2015 13:47:36 GMT -5
Regardless of the possible dollar weakness, gold looks like another leg down into the close.
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Post by novie08 on Apr 23, 2015 10:10:00 GMT -5
Can we tell this is opex week for the metals? The action has been crazy.
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Post by huh on Apr 29, 2015 19:27:51 GMT -5
I hate to even suggest this because miners have been so beaten up, but GDX could be in some big trouble here. Today's high was a key resistance, and potentially the final high of a large topping pattern.
Hopefully not. We'll see tomorrow. However, juniors could still have some upside in them (GDXJ).
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Post by huh on Apr 30, 2015 8:15:40 GMT -5
Had my buy order all set for DUST when gold was at 1205. Got a phone call and walked away. Came back to see gold down $20.
I'm sick of this market. All the set-ups and moves are happening AH's. Sucks for me, I was really excited about that trade.
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Post by huh on Apr 30, 2015 8:47:20 GMT -5
Missed out on 12% (& climbing) because of a freaking phone call - and it was someone returning my call so that I could tell them to buy DUST!
Bite me, Mr. Market. Bite me.
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Post by huh on Jun 25, 2015 7:52:39 GMT -5
...If gold loses 1188, next downside target is 1140's. Major upside resistance ~1217.50... Testing that 1188 support again. Don't want to see it lose that IMO. (if it does, could get one big bounce yet from ~1178) But like I said yesterday, gold's a tough one to figure this week. Gold has played that 1188 like a fiddle, and in the process created a potentially larger bearish pattern. Lose 1168 now and downside target becomes 1050. JMO |
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Post by huh on Jun 25, 2015 8:20:27 GMT -5
My take on CNL.TO - I'm always the bad guy  If it breaks higher here, it has some upside. But look how it hit those 61.8 and 76.4 FIBs. At the very least, be careful if it loses 2.90's now:  And GDX could be looking at a 28% drop from here yet ...  |
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Post by jacksrbtr on Jun 25, 2015 8:30:26 GMT -5
"Oy!" (Yiddish term for WTF-I-hope-not.) |
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Post by jacksrbtr on Jun 25, 2015 9:33:11 GMT -5
"Oy!" (Yiddish term for WTF-I-hope-not.) Already down 9% of the +14% it made yesterday - good prospecting news apparently has a VERY SHORT HALF-LIFE!  |
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