177 replies to this topic

[dougie]

relatively ugly action today in the miners normal pullback or local top might be in

[johngeorge]

relatively ugly action today in the miners
normal pullback or local top might be in

I thought likewise this am so took some short term trading profits. Reloading and ready for the next run up.

[JGUITARSLIM]

relatively ugly action today in the miners
normal pullback or local top might be in

I thought likewise this am so took some short term trading profits. Reloading and ready for the next run up.

Looks like normal pullback so far. Been conteplating adding here ....

[johngeorge]

relatively ugly action today in the miners
normal pullback or local top might be in

I thought likewise this am so took some short term trading profits. Reloading and ready for the next run up.

Looks like normal pullback so far. Been conteplating adding here ....

With my trading I am always late in and early out

[senorBS]

dharma:

I have several people I follow (and respect) that are looking for a mid-March low 1,220 to 1,260, after near-term strength over the next several weeks - then blastoff. I agree that 1,375 needs to be recaptured - from EW perspective Wave 1 could have ended with yesterday's high - with Wave 2 "shakeout" ending today or tomorrow morning - then Wave 3 will take us above 1,375.

That's what I'm watching ST. Intermediate-term I am less interested in Gold price - more interested in Miners, which are in the beginning of "dancing to their own tune" IMHO


stubaby

no amigo, the move from 1307 to 1369 is not a cinco wave rally

Senor

[dharma]

the move off the 1307.7 lows can be seen as a five or a correction. very difficult to decipher. we shall see. i go through periods where i lose the market. it moves to a different harmonic and then i lose it. i follow the market or try to. the harmonics i watch bottomed last week. if this is wrong then i am lost.
the harmonics call for a march high. if this does not pan out this is proof that i am w/o an oar. my work suggests there will be a catalyst to carry the gold market to new highs by that time frame. there are many possibilities out there.
dharma
i think the link that stubaby posted yesterday is an interesting chart. and could turn out to be the correct picture
http://1.bp.blogspot...lytentative.png

[dougie]

nice lil shake out htis am; run the stops on the new shorts: that you running em senor?

[senorBS]

the move off the 1307.7 lows can be seen as a five or a correction. very difficult to decipher. we shall see. i go through periods where i lose the market. it moves to a different harmonic and then i lose it. i follow the market or try to. the harmonics i watch bottomed last week. if this is wrong then i am lost.
the harmonics call for a march high. if this does not pan out this is proof that i am w/o an oar. my work suggests there will be a catalyst to carry the gold market to new highs by that time frame. there are many possibilities out there.
dharma
i think the link that stubaby posted yesterday is an interesting chart. and could turn out to be the correct picture
http://1.bp.blogspot...lytentative.png

when I look at most gold indices or the commodity I really see no cinco up, now that does not mean it can't be bullish but there is IMO no bueno case for cinco up. That being said I bot a little GDXJ on this mornings decline. If there had been a clear cinco up I would have bought mucho more.

BSing away

Senor

[johngeorge]

I wonder if there is truth in this and, if so, the implications.............

Here Comes Executive Order 6102 For The QE Generation: Dutch Central Bank Orders Pension Fund To Sell Its Gold

[dharma]

I wonder if there is truth in this and, if so, the implications.............

Here Comes Executive Order 6102 For The QE Generation: Dutch Central Bank Orders Pension Fund To Sell Its Gold

that is not a large quantity
the implications are disturbing. monty guild posted a piece last night on sinclair's site. and he too is worried about gold confiscation.
that maybe why silver is the stronger metal?
anyway have a good strategy
dharma