305 replies to this topic

[stubaby]

http://stockcharts.com/c-sc/sc?s=$HUI&p=M&yr=12&mn=11&dy=28&i=p65858953158&a=259871926&r=9316.png

[SemiBizz]

The problem with using GLD is it is a DERIVATIVE. Our experience in volume analysis finds that you get bad signals from derivatives and that's why we use the SOURCE data... i.e the Gold Contract and Gold Spot. You get a very different conclusion looking at those than what GLD is telling you.

[senorBS]

Mucho weaker than expected jobs report today, only 120k jobs created, interest rates and stock market Futures falling hard, perhaps the death of QE3 has been greatly exaggerated? next week will be muy interesting. BSing away Senor

[tria]

Mucho weaker than expected jobs report today, only 120k jobs created, interest rates and stock market Futures falling hard, perhaps the death of QE3 has been greatly exaggerated? next week will be muy interesting.

BSing away

Senor

Indeed Senor, next week will be muy interesting and the April 25th Fed Statement will be even more interesting.

-tria

[senorBS]

Mucho weaker than expected jobs report today, only 120k jobs created, interest rates and stock market Futures falling hard, perhaps the death of QE3 has been greatly exaggerated? next week will be muy interesting.

BSing away

Senor

Indeed Senor, next week will be muy interesting and the April 25th Fed Statement will be even more interesting.

-tria

si, Europe is a disaster, U.S. weaker than thought, concerns about China's growth, hard not to think the QE3 fires could once again be stoked. We see

Senor

[dharma]

Mucho weaker than expected jobs report today, only 120k jobs created, interest rates and stock market Futures falling hard, perhaps the death of QE3 has been greatly exaggerated? next week will be muy interesting.

BSing away

Senor

Indeed Senor, next week will be muy interesting and the April 25th Fed Statement will be even more interesting.

-tria

si, Europe is a disaster, U.S. weaker than thought, concerns about China's growth, hard not to think the QE3 fires could once again be stoked. We see

Senor

yes, it is just jawboning , and in the process sending the leveraged gold bugs to the cleaners. w/o qe bonds would go into a tailspin. the debt would never be controlled. the chinese, japan, and england -the 3 largest holders of usa debt are having soft economic times. they cannot be buyers in size. here comes the fed to the rescue. @some point it will not be a question. it will just be a fact.
watch out for supposed experts that have never been long the metals for the entire bull market, and only scalp the markets. who only appear in the mid
st of deep declines. right semi. we are on another board together and have been for years. he has not gone long gold once.

as for laundry , i guess he is always right?!!!!
i did not call this bottom correctly ! i called the last bottom the bottom. it was obviously premature. like everyone else i sometimes get it wrong sometimes. for me my job is be on the back of the bull. hold unleveraged positions. and ride. @this bottom i had cash from the takeover of mfn. so, i bought. try as they may, this gold bull will reach full expression. i have no idea how long that takes. for now , i keep this chart front and center http://www.seasonalc...s_election.html they are going to do what they have to , to keep the economy looking as good as possible. the incumbent will pull whatever strings necessary to get re elected
dharma

[dougie]

look at those monthly indicators: never happened the whole bull market. maybe the bull is dead. Or this is a grande wave two of the whole shebang

[fluid]

60/40 the bull is dead IMO.

[stubaby]

look at those monthly indicators: never happened the whole bull market. maybe the bull is dead. Or this is a grande wave two of the whole shebang

dougie:

Wave 2 of Primary Wave 1 corrected just over the 38.2% FIB and then reversed.
Primary Wave 2 (2008) corrected just shy of 69% overshooting the 61.8% FIB level

http://stockcharts.com/c-sc/sc?s=$HUI&p=M&yr=12&mn=11&dy=28&i=p65858953158&a=259871926&r=7094.png


Currently in Wave 2 corrective of Primary Wave 3
Note: I'm using the late 2010 high of 598.36 as end of Wave 1 of Primary 3
Approaching the 38.2% FIB at 427ish

http://stockcharts.com/c-sc/sc?s=$HUI&p=D&yr=2&mn=0&dy=0&i=p72343067952&a=251986855&r=1333904005230.png

Currently in ending phases of Wave C of Wave 2 of Primary Wave 3
http://stockcharts.com/c-sc/sc?s=$HUI&p=D&yr=1&mn=6&dy=0&i=p19975498364&a=259871925&r=6476.png


http://stockcharts.com/c-sc/sc?s=$HUI&p=30&yr=0&mn=3&dy=1&i=p94078093609&a=259871924&r=8381.png

stubaby

[JGUITARSLIM]

look at those monthly indicators: never happened the whole bull market. maybe the bull is dead. Or this is a grande wave two of the whole shebang

From Hubbart...