Member
Posted 24 July 2016 - 12:36 PM
This is what I think, and if Gold does not move higher this week then next week becomes probable.
BTW, I think the Fed will guide for a possible rate hike at its September meeting
provided the US stk mkt remains at elevated levels.
Those looking for a very strong USD long term, may be disappointed if Trump gets elected.
All his publicly discussed policies should result in a lower USD against many major currencies, IMO.
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
Member
Posted 26 July 2016 - 04:26 AM
People seem to have forgotten the "don't short a dull markey" axiom and were buying more
GLD puts than calls yesterday.
In my opinion enough time of probing the low 1,310s levels was spent and the time for
somewhat higher levels probing should not be that far out.
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
Member
Posted 27 July 2016 - 03:28 PM
Rally came right on time, right on scedule.
Looking forward to unload some, I was really heavy recently, as early as tomorrow but
more probably as late as mid next week.
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
Member
Posted 28 July 2016 - 12:09 AM
I don't think GDX ends the week above $30.00
You see there are 10,504 outstanding GDX -strike 30- 7/29 CALLS desperately waiting to get in the money
next 2 days but heavy Call buyers and options in general are usually disappointed.
Likewise there were 9,170 GDX -strike 28.50- 7/29 PUTS and hence it looked like GDX would not
end much lower than 28.50 thisFriday.
Bottom line, end of the month opex configuration suggests of not much further price rise till week's end.
Hope I am wrong on this.
Mid next week is the optimum time for this wave to conclude, imo.
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
Member
Posted 29 July 2016 - 09:36 AM
Odds favor GDX to pop and then to drop and the drop can be very severe imo.
Starting next week I will be very careful and take a look once again at DUST.
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
Member
Posted 29 July 2016 - 10:18 AM
Platinum ST/MT looks like is finishing a of 5th wave of a kind.
OI and COT situation makes it a short candidate in the near future, imo.
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
Member
Posted 31 July 2016 - 02:09 PM
With the end of month opex behind us, Gold looks primed for still higher levels such as say 1,370
just before week's end timewise. A small correction may/should follow and then I'll see.
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
