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Gold & Silver


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#1 mss

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Posted 18 August 2011 - 09:30 AM

:)
A very interesting picture is developing in Gold and Silver. IMO caution is suggested in LONG & SHORT positions. Charts will update.

http://stockcharts.c...61037&r=163.png

http://stockcharts.c...61039&r=812.png

http://stockcharts.com/c-sc/sc?s=$HUI&p=D&yr=0&mn=6&dy=0&i=p67493104263&a=162061020&r=503.png

http://stockcharts.com/c-sc/sc?s=$XAU&p=D&yr=0&mn=6&dy=0&i=p67493104263&a=162061033&r=809.png

http://stockcharts.c...06294&r=795.png

Comments welcomed.

mss

This is not a recommendation to do anything, buy, sell, go long or short.
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#2 dharma

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Posted 18 August 2011 - 10:41 AM

its why i am lightening up. blowoffs are unstable. and they never have a happy ending. all the folks coming to gold now, will be brought to the woodshed. excess' take time to work off. dharma

#3 SilentOne

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Posted 18 August 2011 - 12:00 PM

hi Scott,

Great charts. I have been speculating on a top here for the miners and silver ... no idea here on gold.

http://www.mexicomik...o...sc&start=15

cheers,

john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain

#4 KoacNation

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Posted 18 August 2011 - 12:00 PM

hourly gdx

http://stockcharts.c...amp;a=241358866

daily gdx
http://stockcharts.c...amp;a=241359026


I see all kinds of resistance on this, in fact I took out a small aggressive play today on it, gdx does not want to follow gld on the way up, but I'll bet should gld crack, it'll go way down with it

time will tell.

it's got about a 1 to 4 risk to reward ratio (or 1 to 8 if you assume that I can get back about half of what I put in, should it break upwards or just stall for a few days)

#5 gismeu

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Posted 18 August 2011 - 12:26 PM

Just wondering if it isn't so bleedingly obvious that it won't work this time, i.e. just a shallow pull back to get rid of overbought conditions? Maybe this time it's different? Na, can't be, gis :)
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#6 dougie

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Posted 19 August 2011 - 11:25 AM

on the other hand, the miners are diverging with broads about as well as they ever have st, no?

#7 dasein

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Posted 23 August 2011 - 10:51 AM

dunno about gold - dont think it is over. silver - measured move and momo says we get to 45 again, and if we get to 45, we should fill that gap, and if we fill the gap, why not 50 :) i will entertain up to the gap fill on this run.
best,
klh

#8 mss

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Posted 23 August 2011 - 11:50 AM

dunno about gold - dont think it is over.

silver - measured move and momo says we get to 45 again, and if we get to 45, we should fill that gap, and if we fill the gap, why not 50 :)

i will entertain up to the gap fill on this run.

Would you entertain 32-35 or maybe 26 ?

http://stockcharts.com/c-sc/sc?s=$SILVER&p=W&yr=7&mn=0&dy=0&i=p15385195546&a=215729855&r=215.png
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#9 CHAx

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Posted 12 September 2011 - 10:29 PM

HUI 590 was resistance, now support? BTW, I think you had the right trade, short at +/- 590, but now that we are consolidating above, fireworks are north IMHO. Thanks for the charts.