76 replies to this topic

[jabat]

Real good possibility for quick advance for Gold next week.

[dharma]

Real good possibility for quick advance for Gold next week.

soon,,its how i am reading the tea leaves also
argentina can be a surprise. lots of debt no way to pay it back. who has exposure?
there are so many possibilities right now. the climate has changed
dharma

Edited by dharma, 27 June 2014 - 01:53 PM.

[tria]

Shocked or not with the latest COT report on Gold and Silver I will quite happily buy an expected early week weakness. I still believe that July will be a kind month to the Bulls. If wrong, stops will ring the bell for me. -tria

[dharma]

Shocked or not with the latest COT report on Gold and Silver I will quite happily buy an expected early week weakness. I still believe that July will be a kind month to the Bulls. If wrong, stops will ring the bell for me.

-tria

my take also, july will be kind to the bulls. however , as you say, i think the odds favor a pullback 1st before the ramp up. oscillators are still high, the large specs drastically cut their short positions and went very long, and the commercials added major short positions http://news.goldseek.../1403897591.php
just a warning. its not profitable to fade the commercials. besides which if they take it on the chin, then they change the rules. dont think so, see if you can talk w/bunker
dharma

[stubaby]

dharma:

Good potential bottoming action - needs to confirm the Head and Shoulders bottom on the weekly chart!

http://stockcharts.com/c-sc/sc?s=$HUI:$GOLD&p=D&yr=1&mn=6&dy=0&i=p53161712897&a=300692626&r=5408.PNG

http://stockcharts.com/c-sc/sc?s=$HUI:$GOLD&p=W&yr=4&mn=0&dy=0&i=p03443757094&a=300692703&r=253.png

http://stockcharts.com/c-sc/sc?s=$HUI:$GOLD&p=M&yr=18&mn=3&dy=0&i=p80649608020&a=300692705&r=671.PNG

stubaby

[jabat]

Looks like somebody lit the fuse!

[mark_goal]

Looks like somebody lit the fuse!

i think i saw senor on his bike headed towards the woods

[dharma]

stu, i too am bullish, but found the cot distressing. the commercials are the sharks. w/the lows @1232 , the 1st way to that # was the wrong way. now we have gold breaking its high of a couple of days ago. so, i am hoping this is not the 1st way is the wrong way. however as the month progress i see a very bullish set up, so if we do correct it should be short term i am positioned dharma

[dharma]

oscillators still high. metals not giving a cent lots of geopolitical tensions around the globe well argentina cannot make its debt payments . are they the 1st in a long line. lots of bonds to be sold! modi will present the budget july 10th the seasonal weakness in gold is ending i have july 20-21 as a date when the next leg can begin of course modi can put the worlds largest gold buyer back in the running. this is going to be an interesting month. then there are the sharks , flipped to massively short dharma not doing a thing in here

[johngeorge]

Thanks for the update dharma I too am sitting on my hands.....no buying or selling. Just sitting tight. As you say metals hanging tough in this area, but, miners giving some ground basis the GDX. I do see a pullback coming in the short term. We live in very interesting times.

Edited by johngeorge, 01 July 2014 - 10:57 AM.