Edited by dharma, 16 October 2012 - 10:37 AM.
deliberations
#1
Posted 16 October 2012 - 10:32 AM
#2
Posted 16 October 2012 - 11:04 AM
...more or less i dont care what i think...
dharma:
Thank you for this single statement!!! I think we ALL get caught-up in "information overload" and forget the KISS principal. We are in a BULL market - most of us have our "core" positions at various percentages and don't worry about that.
Your comment on 4th Waves hit home to me, as the corrections ending in both Gold (12 month corrective) and Silver (17 month corrective) have that "time element" indicative of 4th Waves. What degree is the only question - no matter 4th Waves are followed by 5th Waves (my enlightened statement) and thus we need to all BUCKLE UP FOR THE RIDE!
Those that are looking to add to core, waiting for that perfect moment may be left behind!
stubaby
#3
Posted 17 October 2012 - 10:04 AM
Will be watching Gold:Silver Ratio for end of corrective in PMs
60 Minute Chart shows rising wedges on both RSI and MACD:
http://stockcharts.c...71967&r=723.png
50-Day MA crosses below 200-Day MA and offers resistance:
http://stockcharts.c...1968&r=6638.png
stubaby
Edited by stubaby, 17 October 2012 - 10:04 AM.
#4
Posted 17 October 2012 - 10:29 AM
i have found the london traders insights to be profound . this am there will be 3 blogs posted .
here is the 1st
http://kingworldnews..._Is_Fierce.html
i am in sit mode. they say o won the debate last night. might the gold market like that=ie 4 more years of ben.
in the end it really wont matter. who ever gets in , they will throw money @the situation.
the euro has eaten some oats this am
that 1805 hangs overhead. like all the rest of the maginot lines, this one too shall fall. lots of charts display pennants.
dharma
#5
Posted 17 October 2012 - 02:17 PM
http://kingworldnews...nzi_Scheme.html
dharma
#6
Posted 18 October 2012 - 09:23 AM
#7
Posted 18 October 2012 - 10:04 AM
looking @ a weekly chart, we are in a tr. 1520ish on the downside and 1800 on the upside. the market is building cause. the tr has lasted almost a year now. the pattern , if stepped back to a monthly chart looks quite bullish. the question becomes how long does this consolidation take before breaking out??? ahhhh, i dont have the answer , so i sit and wait. w/fully paid for positions. then when we finally break out, will the 1800 need to be tested from the downside???
patience , there is nothing else to do
dharma
dharma:
Thanks for your observations!
What sticks out to me on the weekly is the distance from the 65-Week MA at the 2011 high and today - also the "reset" of the 15-Week and 65-Week MA's:
http://stockcharts.com/c-sc/sc?s=$GOLD&p=W&yr=4&mn=11&dy=0&i=p83448395647&a=183376203&r=644.png
On the monthly a new and steeper channel forming? MACD still not confirming and looks somewhat vulnerable here though!
http://stockcharts.com/c-sc/sc?s=$GOLD&p=M&st=1996-01-01&en=2012-12-31&i=p71184594845&a=259871923&r=939.png
stubaby
Edited by stubaby, 18 October 2012 - 10:05 AM.
#8
Posted 18 October 2012 - 11:52 AM
http://stockcharts.c...4865&r=7584.png
http://stockcharts.c...45106&r=709.png
CEF NAV(53.3% Gold/45.7% Silver/1.0% Cash)
stubaby
#9
Posted 18 October 2012 - 12:06 PM
#10
Posted 18 October 2012 - 03:04 PM
Short-Term looks like Wave a of 4 could finish-up tomorrow or Monday near the 38.2% FIB:
http://stockcharts.com/c-sc/sc?s=$HUI&p=30&yr=0&mn=3&dy=1&i=p94078093609&a=259871924&r=77.png
That would complete Wave a of 4 and depending on Wave b of 4 final Wave c of 4 could take us to early December just above the 50% FIB:
http://stockcharts.com/c-sc/sc?s=$HUI&p=D&yr=1&mn=6&dy=0&i=p19975498364&a=259871925&r=518.png
stubaby
note: of course - I'm "talking my book" as several more of my limit buys could hit if we get a final move down here
Edited by stubaby, 18 October 2012 - 03:04 PM.