above 1358 indicates...............
#21
Posted 10 February 2011 - 02:42 PM
#22
Posted 10 February 2011 - 03:11 PM
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
dharma
I believe you are in good company. A quote from Robin Griffiths interview at KWN: “For as long as interest rates are super low, there’s no negative cost of holding gold. There is a seasonality to gold and very often it doesn’t start running until the end of February...Once we get into March, I think we can expect it to start motoring higher again.”
johngeorge
#23
Posted 10 February 2011 - 08:03 PM
Edited by alysomji, 10 February 2011 - 08:09 PM.
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
#24
Posted 11 February 2011 - 12:00 PM
i have quite a few issues that are in explosive formations, all we need is upside action.
egypt is a forerunner for the rest of the world
you can watch it all on aljazeera different perspective
http://english.aljaz....net/watch_now/
above 1375 and we have something going . so many analysts calling for downside action, did they all get off the boat and want back in? marc faber threw his hat in the ring calling for 1100-1200 gold. a short sharp drop says he w/ a fast recovery.
i peruse the sector , today i looked @monthlies, xra has a powerful formation on a montly.
dharma
#25
Posted 11 February 2011 - 12:21 PM
#26
Posted 11 February 2011 - 12:36 PM
johngeorge
#27
Posted 11 February 2011 - 12:59 PM
down goes frazier
dharma
#28
Posted 11 February 2011 - 02:15 PM
wise words!
i have quite a few issues that are in explosive formations, all we need is upside action.
egypt is a forerunner for the rest of the world
you can watch it all on aljazeera different perspective
http://english.aljaz....net/watch_now/
above 1375 and we have something going . so many analysts calling for downside action, did they all get off the boat and want back in? marc faber threw his hat in the ring calling for 1100-1200 gold. a short sharp drop says he w/ a fast recovery.
i peruse the sector , today i looked @monthlies, xra has a powerful formation on a montly.
dharma
dharma:
Yes - I was in XRA from summer of 2009 at breakout point ($2.75) and road till I was "stopped out" in spring of 2010, shortly after the Extorre spin-off, which I still own and added to. Been watching for a re-entry point since. Will probably wait for a break of the wedge $6.25 to $6.30!
http://stockcharts.c...0084&r=6235.png
http://stockcharts.c...9849&r=2746.png
http://stockcharts.c...18347&r=100.png
stubaby
#29
Posted 11 February 2011 - 03:56 PM
#30
Posted 12 February 2011 - 08:34 PM
I watch a combination of 3-month Treasury yields along with the Gold:Silver Ratio for overall signs of system stability or lack thereof.
Something "big" is brewing under the surface as both of the above point to the US Financial system spinning out of control! Can Big Ben & Co. "do it again" or are Ron Paul & Co. "gaining traction"
stubaby
stubaby, I appreciate your posts.
If you have time I would love to look at a chart of these (3-month,silver-gold ratio, and price) with any
annotations that you see as helpful. It's a tall order but if you have such an animal already I for one would surely appreciate
a peak.
jjc.