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Gold Price - Where is it heading?
- Thread starter guycharles
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I think it's going to rest back around 921/22ish for the session or Aus opening .
Been a great night though , ASX should boom today , goldies might dip , but could present opp. for some .
Goodluck today all , let's hope it's a ripper . I'd be selective though but that's just me ............
I'll try to get a projection chart up after I've shut my eyes for awhile and it's been a bit lonely in this thread tonight , all making squillions , good onya's .
Been a great night though , ASX should boom today , goldies might dip , but could present opp. for some .
Goodluck today all , let's hope it's a ripper . I'd be selective though but that's just me ............
I'll try to get a projection chart up after I've shut my eyes for awhile and it's been a bit lonely in this thread tonight , all making squillions , good onya's .
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This was the last poz set up , it's on auto with tight , very tight trailer , brain drain safety net . Expect small jump and retreat on crossing from above , top 2 are calculated peaks , the next 3 I call max body rise against resistance , lower buying volume or thinning trade . Patiently waiting for crossing from above , volatility has been factored into feed . The other sells were why nots .......
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fell asleep early last night.. good night for the swings though, your algo was nailing them alright
Massive volume last night, all that swinging, white uptrend on my last chart was violated but still didn't manage to penetrate the pink neckline area.
Still making higher lows day after day. Fundamentals are bullish, chart is bullish, I am bullish for now..
The only stormcloud is the gold stock indices, not confirming the new high, and turning down last night even as gold rose slightly. Like every indicator I guess, that's not always right.
John Hussman's XAU:gold indicator, the most reliable I know of, is showing that a multi-year opportunity for buying gold stocks is nearing, or around now.. I am gathering up cash to start adding as many shares of the good ones as I can with an emphasis on fully funded developers since they are the most oversold part of the sector despite their huge potential for both cash flow and as takeover targets.
Charts by Frank Barbera, include relative performance of producers, explorers, developers, etc...
http://www.financialsense.com/metals/fsjg.html
And on that topic especially for anyone new to precious metals I can't recommend anything better than tuning in to the financial sense newshour podcast every weekend, one of my all time favourites, Jim's a legend
Cheers
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Me too cobber I'm a bug , I just don't admit it to my banks managers .
I don't think I'll game a short tonight , had stuff all sleep except chair naps , just got my second wind now . By the way I think the neckline is correct , it's just easy money for invest. banks etc. right now .
If I'm sober later , it's must be party time for Kauri and myself , I'll put something up if wobbly , I'll get one of the lads to put up the chart for me .
Cheers ,
Mark
I don't think I'll game a short tonight , had stuff all sleep except chair naps , just got my second wind now . By the way I think the neckline is correct , it's just easy money for invest. banks etc. right now .
If I'm sober later , it's must be party time for Kauri and myself , I'll put something up if wobbly , I'll get one of the lads to put up the chart for me .
Cheers ,
Mark
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just got back, :bier: good work this week... & Kauri deserves something off the top shelf after that a=c call, the whole thread could have retired on that by now
Still long but secretly hoping for a smackdown so I can back the ute up again after a bit of the load was pinched yesterday..
Don't like my chances though! these bl--dy bulls just won't let up,
I'll just have to settle for all the rock-bottom gold stocks they aren't buying.. yet..
cheers
Still long but secretly hoping for a smackdown so I can back the ute up again after a bit of the load was pinched yesterday..
Don't like my chances though! these bl--dy bulls just won't let up,
I'll just have to settle for all the rock-bottom gold stocks they aren't buying.. yet..
cheers
explod
explod
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just got back, :bier: good work this week... & Kauri deserves something off the top shelf after that a=c call, the whole thread could have retired on that by now
Still long but secretly hoping for a smackdown so I can back the ute up again after a bit of the load was pinched yesterday..
Don't like my chances though! these bl--dy bulls just won't let up,
I'll just have to settle for all the rock-bottom gold stocks they aren't buying.. yet..
cheers
You can back up the truck. Notice the timing of the sell off. Then look at next post
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Kauri
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Are there those that remember the 70's and 80's , a $30 swing is peanuts compared to swings back then .
One of the lads got a 929.60 short which I can't close at the moment , would be nice to take a three unit close at present , it's got a trailer attached so it's safe . My excuse is that I was comatose late last night . The missus told me my only answer , was "goodoh" , when she tried to get a tenable answer out of me but my torpid disposition ( Thanks Kauri ) , left me in an apathetic situation . What we here in Oz call ........ smashed
Ah , the fun has just started . How about that Dow ?
One of the lads got a 929.60 short which I can't close at the moment , would be nice to take a three unit close at present , it's got a trailer attached so it's safe . My excuse is that I was comatose late last night . The missus told me my only answer , was "goodoh" , when she tried to get a tenable answer out of me but my torpid disposition ( Thanks Kauri
) , left me in an apathetic situation . What we here in Oz call ........ smashed Ah , the fun has just started . How about that Dow ?
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Forgot to mention but the word torpid suited a desciption of myself late last night , but it also applies to the US economy ....... not it's sharemarket , it has a mind of it's own , it's based around costings and reports , which are the makings of sentiment . But as always , transport will lead the way .
This by no means , says it's all over , more like it's mid play and the coach has just sent in a new receiver . If McCain gets in it will also have a new quarter back , with a good arm .
Obama and Hilary would have them hiding under rocks from the refs .
This by no means , says it's all over , more like it's mid play and the coach has just sent in a new receiver . If McCain gets in it will also have a new quarter back , with a good arm .
Obama and Hilary would have them hiding under rocks from the refs .
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Here we go, the rumour mill is getting under way.
"After the employment report Friday, the market is betting that the central bank will cut interest rates by another 50 basis points at its March 18 meeting."
http://www.marketwatch.com/News/Story/Story.aspx?column=Market+Snapshot
"After the employment report Friday, the market is betting that the central bank will cut interest rates by another 50 basis points at its March 18 meeting."
http://www.marketwatch.com/News/Story/Story.aspx?column=Market+Snapshot
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I always tend to struggle with the imaginations of people in high places that think they can always get one over the masses . Then when I look at the masses , I sometimes wonder how they managed to get as far as they have , luck , fortune or karma must play a roll .
A famous quote made by Abraham Lincoln should be a lesson for them to subscribe to :
"You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time."
It's just a shame that they keep on trying and it's lunacy for those that really believe the servings of crap laid out for them .
Non Farm Payrolls , blimey , just a glance at the charts show that the peak in the cycle was in 2003-2005 , these years saw the best of the bull . It was in this period that the data started to get distorted , these years saw well over 300K in NFP data .
If GATA wants to get a President impeached it had best start going back over the data and pulling out their pens and calculators . It was BS , it still is BS and it will always be BS . If they were to distill it and filter all the muck out of it , I think you'll find they are struggling to get over 135K , current measures say 135K would be absolutely bloomin' marvellous . Something closer to or under 100K is much closer to reality , the economic machine is broken , it's like an old bomb clunking down the road muffler shot and scraping the ground , blaring a racket everywhere it goes . The head gaskets have had it , there's a crack in the head , the CV joints are plain old dangerous and the tyres are bald and begging for a blowout .
The line meaningful employment is a fantasy of some numbnutz imagination , the only amazing thing is that they've gotten away with it for so long .
We're witnessing the shakeup of the USA , it's going to be squeezed , tossed , folded and rolled out before the true amellioration is allowed to set in . Amellioration is what it desperately needs , but it won't win votes .
It's all about economic victory and that has many battles , Presidents never get residence without the conservative vote on their side , that's what gives them the keys to 1600 Pennsyvania Ave. Not mega millions and baby kissing , if the hopefuls don't get it ....... they never will .
Victory has a thousand fathers , defeat is an orphan .
That being the case , just get ready for the rides of your life , volatility is about and around every corner , especially when short squeezes are the money makings in the market .
Any bets the squeezers get squeezed themselves ?
Well let's take Abes saying and remodel it for the 21st century .
"You can fool all the stock market some of the time, and some of the stock market all the time, but you cannot fool all the stock markets all the time . "
And now I'll probably get jumped on for rattling on in the gold thread , but I tried to show swings the other night , these were dominant signals for myself , the finance district is trying to fight back , you've got to at least expect them to try , fail they will , but do you really think they're going to go down without a fight , half of this mob is buried already . But they'll fight from the grave if they could , damn shame they can't though , so highrisers best bolt windows , especially in the financial districts , I know what pidgeon poo does to my cars paint , I'd hate to see what a flying banker could do .
If relief is what you need to see , I've said it before , watch the transports index , it will show a bottoming out phase commencing and mind you it could take years , the only problem to come is what will get rerated in the indexes and what won't .
I'll just crawl back into my vodka and tonic now ........
A famous quote made by Abraham Lincoln should be a lesson for them to subscribe to :
"You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time."
It's just a shame that they keep on trying and it's lunacy for those that really believe the servings of crap laid out for them .
Non Farm Payrolls , blimey , just a glance at the charts show that the peak in the cycle was in 2003-2005 , these years saw the best of the bull . It was in this period that the data started to get distorted , these years saw well over 300K in NFP data .
If GATA wants to get a President impeached it had best start going back over the data and pulling out their pens and calculators . It was BS , it still is BS and it will always be BS . If they were to distill it and filter all the muck out of it , I think you'll find they are struggling to get over 135K , current measures say 135K would be absolutely bloomin' marvellous . Something closer to or under 100K is much closer to reality , the economic machine is broken , it's like an old bomb clunking down the road muffler shot and scraping the ground , blaring a racket everywhere it goes . The head gaskets have had it , there's a crack in the head , the CV joints are plain old dangerous and the tyres are bald and begging for a blowout .
The line meaningful employment is a fantasy of some numbnutz imagination , the only amazing thing is that they've gotten away with it for so long .
We're witnessing the shakeup of the USA , it's going to be squeezed , tossed , folded and rolled out before the true amellioration is allowed to set in . Amellioration is what it desperately needs , but it won't win votes .
It's all about economic victory and that has many battles , Presidents never get residence without the conservative vote on their side , that's what gives them the keys to 1600 Pennsyvania Ave. Not mega millions and baby kissing , if the hopefuls don't get it ....... they never will .
Victory has a thousand fathers , defeat is an orphan .
That being the case , just get ready for the rides of your life , volatility is about and around every corner , especially when short squeezes are the money makings in the market .
Any bets the squeezers get squeezed themselves ?
Well let's take Abes saying and remodel it for the 21st century .
"You can fool all the stock market some of the time, and some of the stock market all the time, but you cannot fool all the stock markets all the time . "
And now I'll probably get jumped on for rattling on in the gold thread , but I tried to show swings the other night , these were dominant signals for myself , the finance district is trying to fight back , you've got to at least expect them to try , fail they will , but do you really think they're going to go down without a fight , half of this mob is buried already . But they'll fight from the grave if they could , damn shame they can't though , so highrisers best bolt windows , especially in the financial districts , I know what pidgeon poo does to my cars paint , I'd hate to see what a flying banker could do .
If relief is what you need to see , I've said it before , watch the transports index , it will show a bottoming out phase commencing and mind you it could take years , the only problem to come is what will get rerated in the indexes and what won't .
I'll just crawl back into my vodka and tonic now ........
explod
explod
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Not at all Ithatheecret, as always your posts are one of the great contributions.
The financial chaos is the collapse of money, gold became a good of exchange so that city people could swap it for their daily spuds.
All was great till, must have been 007's mate perhaps, thought up using an IOU with the King's head on it. We are just looking for the return on our IOU.
Tangible goods, property and gold is all that will be left.
After rate cuts, takes a few days, the US$ index always continues its slide down, watch it this week and look out above for gold.
Dunno bout that vocka, Johnny Walker and petrified water for me
The financial chaos is the collapse of money, gold became a good of exchange so that city people could swap it for their daily spuds.
All was great till, must have been 007's mate perhaps, thought up using an IOU with the King's head on it. We are just looking for the return on our IOU.
Tangible goods, property and gold is all that will be left.
After rate cuts, takes a few days, the US$ index always continues its slide down, watch it this week and look out above for gold.
Dunno bout that vocka, Johnny Walker and petrified water for me
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Interesting story about GATA, conspiracies and the old chestnut dogsbody, Gordon Brown.
http://seekingalpha.com/article/62678-anybody-seen-our-gold
http://seekingalpha.com/article/62678-anybody-seen-our-gold
Impress with the guy in the interview. Succinct and very persuasive argument. Do yourself a favour and hear what he says. Thanks Barrett.
Kauri
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Sorry to say after the Friday selloff, neckline, shoulderline broken, and today's action, I'm also leaning on the bearish side here and probably for some days yet. Nice work those who predicted a selloff.
Buying interest on rallies has been low all day, much higher volume on selloffs and that kept me out of the market today after being stopped out spectacularly on Friday night..
Right now I'm taking some notice of the GLD ETF, that major vehicle for gold demand, which just traced out a downside reversal on the weekly (below).
The dollar seems to be becoming the new 'trendy' investment..
http://www.bloomberg.com/apps/news?pid=20601087&sid=a2HxkpuPdTWc&refer=home
I'd expect any rally in it to be sharp and short lived.. noticing in this article the consensus expectation for a 5%+ rally in the dollar this year.. so much for it being a contrarian investment..
Buying interest on rallies has been low all day, much higher volume on selloffs and that kept me out of the market today after being stopped out spectacularly on Friday night..
Right now I'm taking some notice of the GLD ETF, that major vehicle for gold demand, which just traced out a downside reversal on the weekly (below).
The dollar seems to be becoming the new 'trendy' investment..
http://www.bloomberg.com/apps/news?pid=20601087&sid=a2HxkpuPdTWc&refer=home
I'd expect any rally in it to be sharp and short lived.. noticing in this article the consensus expectation for a 5%+ rally in the dollar this year.. so much for it being a contrarian investment..
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