cycle top in view
#1
Posted 17 July 2011 - 11:16 AM
#2
Posted 17 July 2011 - 07:57 PM
RPPVW/SHP
"It is not your duty to complete the work,
but neither may you desist from it."
--Talmud
#3
Posted 18 July 2011 - 12:13 AM
#4
Posted 18 July 2011 - 09:13 AM
#5
Posted 18 July 2011 - 11:11 AM
johngeorge
#6
Posted 18 July 2011 - 11:44 AM
the volatility has not started yet, it is one way street thus far. 1603 is my # , just back tested. there are so many fundamental positives out there. the potential here is great. no telling where this all shakes outdharma
Volatility is the key word alright! I am riding a kicking bull for sure. Would like to see gold close above $1600 and silver above $40 spot which I think will give us a shot at gold $1650 or so and silver $42-43. Will see.
Thanks, as always, for your timely and informative posts.
Best to you.
as always , you are a gentleman jg -thanks for your kind words. looking for the miners to bust to new highs.
this all happening w/the broads behind the woodshed.
dharma
#7
Posted 18 July 2011 - 06:11 PM
Wall Street already got one.I'm very new to this as my username implies, but would it be at all possible for nations to declare a time of Jubilee and a forgiveness of debts?
GM unions too.
They got the goldmine, bondholders got the shaft.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#8
Posted 19 July 2011 - 04:11 AM
#9
Posted 19 July 2011 - 10:00 AM
here we are after 10 days of higher closes on the gold market , a pause into the round # and resistance, how surprising. gann had a 7-10 day rule, which i have followed its effectiveness for years. essentially what it says is after 7-10 days of advance , reverse and go short , for a short sharp correction. as you can see, this market remains firm and well bid @this point. i dont think we will experience a correction of more than a few days in july. although it will not upset the apple cart if it should occur. the sector seems to be building momo here. pauses refresh
take a look @a montly gdx chart , possible inverse h&s pattern?! miners could go ballistic!? they have lagged , is it time to play ketchup?!
there are no rules when to take profits. take em when you feel to. its a matter of personal preference and comfort
last night the edge and bono were on letterman. i am a fan of u2 they did stuck in the moment w/just an acoustic guitar. quite beautiful enjoy
http://survivor.cbs....ate_show/video/
dharma
#10
Posted 19 July 2011 - 10:30 AM
Selling 10% of my miners today. Setting some to the side to maybe buy back lower on the dip I think we are gonna get over the next few weeks. If I am wrong so be it, maybe I need to move some back to natgas anyway. The greater the bull gets over the next few days I may sell another 10-30%. Lately I have not had as much to the side when the dips come to benefit as much as I would have liked.
Psycho:
I agree with dharma - do what you must do to be comfortable and nothing wrong with taking profits. My personal style is to always have funds available if/when there is a "smackdown" - usually held in the Swiss Franc or the Japanese Yen vs. US Dollar. Options expiration for Gold and Silver is July 26th (I believe) which in the past has led to some weakness - I will be looking to add to select positions early next week.
Very hard to "trade" the BULL - IMHO sell the losers and hold the winners is the way to go!
Goodluck
stubaby