the next leg
#1
Posted 28 July 2014 - 09:37 AM
#2
Posted 28 July 2014 - 10:40 AM
Well Dharma, I do look for something late this week which is a strong close by this week's end.we finished last week on a strong note. this week we begin w/options expiration today. look for 1300 near the close of options. options is a suckers game
i am not looking for much this week. we are entering the seasonal strong time of year. august will be a different feel for gold . there are so many geopolitical hotspots. debt has grown worldwide. there is no crises front and center right now.
it looks to me like C finished and the next impulse leg is beginning.
folks have been burned badly in this sector. i think for most to reenter it will require new highs. however, the east could care less, they keep buying
dharma
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#3
Posted 28 July 2014 - 11:01 AM
fine w/me. i think august is really where the fireworks get underway!Well Dharma, I do look for something late this week which is a strong close by this week's end.we finished last week on a strong note. this week we begin w/options expiration today. look for 1300 near the close of options. options is a suckers game
i am not looking for much this week. we are entering the seasonal strong time of year. august will be a different feel for gold . there are so many geopolitical hotspots. debt has grown worldwide. there is no crises front and center right now.
it looks to me like C finished and the next impulse leg is beginning.
folks have been burned badly in this sector. i think for most to reenter it will require new highs. however, the east could care less, they keep buying
dharma
dharma
#4
Posted 28 July 2014 - 11:54 AM
#5
Posted 28 July 2014 - 11:55 AM
That will determine golds fate for a while IMO
http://scharts.co/1gdjDyd
#6
Posted 28 July 2014 - 12:34 PM
Not really dougie,seems everyone is looking up for August.
Anyone have recent sentiment ?
If so, the real surprise will be a sell off
The real surprise would be for the first half of August to be up and the second half to be down. This has become a possibility I think.
BTW are you trading long or short because I am a bit confused with your posts.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#7
Posted 28 July 2014 - 12:44 PM
seems everyone is looking up for August.
Anyone have recent sentiment ?
If so, the real surprise will be a sell off
The tell may be gold rising with a rising dollar...
#8
Posted 28 July 2014 - 12:58 PM
Very true and BTW correlations are hazardous to ones pocket and financial health.seems everyone is looking up for August.
Anyone have recent sentiment ?
If so, the real surprise will be a sell off
The tell may be gold rising with a rising dollar...
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#9
Posted 28 July 2014 - 01:04 PM
seems everyone is looking up for August.
Anyone have recent sentiment ?
If so, the real surprise will be a sell off
FWIW, the 21 dma of the p/c ratio for GLD is near the lowest in over 2 years.
http://www.schaeffer...aspx?ticker=GLD
#10
Posted 28 July 2014 - 01:08 PM
seems everyone is looking up for August.
Anyone have recent sentiment ?
If so, the real surprise will be a sell off
FWIW, the 21 dma of the p/c ratio for GLD is near the lowest in over 2 years.
http://www.schaeffer...aspx?ticker=GLD
And Commercials more short than at March Top and Oct 2013 Top
http://snalaska.com/...t/charts/GC.png