71 replies to this topic

[dharma]

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

[tria]

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

Well Dharma, I do look for something late this week which is a strong close by this week's end.

[dharma]

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

Well Dharma, I do look for something late this week which is a strong close by this week's end.

fine w/me. i think august is really where the fireworks get underway!
dharma

[dougie]

seems everyone is looking up for August. Anyone have recent sentiment ? If so, the real surprise will be a sell off

[dougie]

USD:XJY about to move one way or the other.
That will determine golds fate for a while IMO

http://scharts.co/1gdjDyd

[tria]

seems everyone is looking up for August.
Anyone have recent sentiment ?

If so, the real surprise will be a sell off

Not really dougie,
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

[jacksterr]

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]

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...

Very true and BTW correlations are hazardous to ones pocket and financial health.

-tria

[tomterrific14]

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

[tomterrific14]

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