108 replies to this topic

[jjc]

armstrong had a call out for November gold high leading to a 6 month pull back
Hadik has a cycle gold high due nov12
anyone think we could have a blow off top in next week?

I don't know how far we will pull back but I do expect a large pull back once we make a new high here. I will be liquidating some of my holdings as
within the next few days.

[Ken]

armstrong had a call out for November gold high leading to a 6 month pull back
Hadik has a cycle gold high due nov12
anyone think we could have a blow off top in next week?

That's interesting because Merriman has a critical reversal for silver also on Nov 12th, however, he doesn't state if it'll be a high or a low.

[dharma]

last i looked, the system is still bankrupt! the dollar is in a major downtrend. corrections are part of the natural process 08 created a deep fear in this sector, yet if one rationally looks. gold has appreciated against all currencies. w/the price @1389 the miners, who are producing , are making big profits. more and more folks are recognizing this. even crammer, who @best is a clown, admitted that his 401 k only holds 2 miners and nothing else. that being said we are approaching a period where a correction can and most probably will occur into the 18th. now the 18th is quite an usual occurrence. venus and jupiter both go direct. which means they can give fully what they have.they are the biggest benefics in the zodiac. venus resides over finance and jupiter resides over wealth. i want to keep most of my astrology bent to myself. but , for ken and traderama, i am w/you. i am a buyer in the correction. watching the miners to see how they respond. more of the public and fund managers are casting an eye in this direction. which means to me, that when the top of this leg occurs , the correction will be larger. but, for now my eye is on certain miners that i would like to pick up. i am not a seller here. i am clueless as to what will aid golds rise here, from a fundamental standpoint , but something lurks and will show itself . all i will say that 1650 while bold will prove to be too low by jan 11 dharma

[tradermama]

last i looked, the system is still bankrupt! the dollar is in a major downtrend.
corrections are part of the natural process
08 created a deep fear in this sector, yet if one rationally looks. gold has appreciated against all currencies.
w/the price @1389 the miners, who are producing , are making big profits. more and more folks are recognizing this. even crammer, who @best is a clown, admitted that his 401 k only holds 2 miners and nothing else.
that being said we are approaching a period where a correction can and most probably will occur into the 18th. now the 18th is quite an usual occurrence. venus and jupiter both go direct. which means they can give fully what they have.they are the biggest benefics in the zodiac. venus resides over finance and jupiter resides over wealth. i want to keep most of my astrology bent to myself. but , for ken and traderama, i am w/you. i am a buyer in the correction. watching the miners to see how they respond. more of the public and fund managers are casting an eye in this direction. which means to me, that when the top of this leg occurs , the correction will be larger. but, for now my eye is on certain miners that i would like to pick up. i am not a seller here. i am clueless as to what will aid golds rise here, from a fundamental standpoint , but something lurks and will show itself . all i will say that 1650 while bold will prove to be too low by jan 11
dharma

Dharma,
I have HL and been adding on dips..HL is very strong...even this morning, when market/silver was going down..it was going up...i know you said you had it before and didn't like management but this to me has nothing to do with managing the company..this is all about ta imo and taking advantage of it while silver is hot..volume has been coming in stronger too...just another one to keep an eye imo..Just thought I'd share what i'm seeing on this one..I'll be still buying the dips here...hoping for a correction...
TM

[dharma]

last i looked, the system is still bankrupt! the dollar is in a major downtrend.
corrections are part of the natural process
08 created a deep fear in this sector, yet if one rationally looks. gold has appreciated against all currencies.
w/the price @1389 the miners, who are producing , are making big profits. more and more folks are recognizing this. even crammer, who @best is a clown, admitted that his 401 k only holds 2 miners and nothing else.
that being said we are approaching a period where a correction can and most probably will occur into the 18th. now the 18th is quite an usual occurrence. venus and jupiter both go direct. which means they can give fully what they have.they are the biggest benefics in the zodiac. venus resides over finance and jupiter resides over wealth. i want to keep most of my astrology bent to myself. but , for ken and traderama, i am w/you. i am a buyer in the correction. watching the miners to see how they respond. more of the public and fund managers are casting an eye in this direction. which means to me, that when the top of this leg occurs , the correction will be larger. but, for now my eye is on certain miners that i would like to pick up. i am not a seller here. i am clueless as to what will aid golds rise here, from a fundamental standpoint , but something lurks and will show itself . all i will say that 1650 while bold will prove to be too low by jan 11
dharma

Dharma,
I have HL and been adding on dips..HL is very strong...even this morning, when market/silver was going down..it was going up...i know you said you had it before and didn't like management but this to me has nothing to do with managing the company..this is all about ta imo and taking advantage of it while silver is hot..volume has been coming in stronger too...just another one to keep an eye imo..Just thought I'd share what i'm seeing on this one..I'll be still buying the dips here...hoping for a correction...
TM

thanks traderama
dharma

[dharma]

explorers in the next phase the explorers get some play! what do you value gold in the ground? welcome to the internets of 99 started today w/exsff dharma

[dougie]

dharma: may i trouble you for your opinion of gold:yen?

[Ken]

armstrong had a call out for November gold high leading to a 6 month pull back
Hadik has a cycle gold high due nov12
anyone think we could have a blow off top in next week?

dougie, are you a subscriber to Eric Hadik? I'm not a subscriber but when I went to his website, insiidetrack.com, I got the idea that Hadik believes the high will come in January 2011 similar to Jim Sinclair and dharma's viewpoints. Does Hadik believe there will be a high on Nov 12 and then a small correction and then a newer high in January 2011? Is that it? Or Nov 12 is the high?

[dharma]

ok where to start. i do my own work. and i do it because i like the challenge. and i do it to make the prize-money. i dont really care what anybody else does or thinks. they are not w/me and when the market gaps up or down 20what will their opinion be. i dont give a rip. cause i do my own stuff. having traded through the bull in commodities in 79-80 and being very active. i learned alot. the tide carries all boats higher. poor purchases sooner or later are lifted to profits in a primary trend. so, even buying here into the run, while probably not your best shot. over time will yield profits. be focused on the trend. sure corrections are part of it. being obsessed w/a correction causes one to miss the mark. 1460 is the magnet. notice how this leg is the mirror to the move off the july lows. this leg will accelerate. remember we are coming into the strong part of the year for gold . now everyone has cast an eye in this direction. they are all waiting for the pullback to get on board. will the market accommodate them?! fortunately its not a proposition i am confronted w/. any weakness i am a buyer. i am essentially all in and will go on margin. runs are rare events. it is a signal that an asset is undervalued and catching up to perceptions. folks are losing faith in the currency. they are losing faith in government. and w/a mountain of the largest deficits the world has ever seen in history , its no wonder.its not a stretch. i state here study compare this market to other parabolic blowoffs. how many really do it? i must peruse 20-25 stocks a day looking for entries. right today i cant find any. so , i am in wait mode. the fed wants inflation. they are going to get it in spades. they should be abolished. they are an engine of what is wrong w/the economy. watch your thoughts, feelings , and emotions. they will tell you what to do. its not easy to do the opposite. like when gold does correct most will put lower targets and still miss getting on board. fear /greed move markets. its human nature and it never changes. this leg is going higher than most think possible. the list for shorting will appear. too far too fast. listen to the market . what you think is of no consequence i communicate w/one member of this board several times a day. we have a relationship. which for me is enough. dharma