(in my best whisper tone...) "breakout"
Fib
Posted 03 December 2016 - 10:16 AM
(in my best whisper tone...) "breakout"
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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Posted 03 December 2016 - 10:31 AM
Once again a picture is worth a million words! Awesome chart with those divergences and now we have "internals" LEADING price as we have had gold stocks diverging and LEADING gold. There are never any sure things or guarantees as it is all about ODDS, but IMO the ODDS that a major secondary bottom is forming and that final lows might be in place are about as good as it gets. I have no problem with those who want to wait for more "price" confirmation and that why I am still only about 15% long, but the weight of evidence IMO is decidedly bullish. And once again muchos gracias for a GREAT chart.
NO BS
Senor
Posted 03 December 2016 - 02:00 PM
Senor is curious Fib, is this enough for you to have a buy signal for gold stocks?
Senor
Posted 03 December 2016 - 02:05 PM
Nice Work Fib,
Posted yesterday.
We have a short term buy signal for the $XAU based on the 20 day FLD today. The larger cycle lows are pending as shown above and are due to come in at anytime. Price action will confirm the annual cycle low (48 week cycle).
cheers,
john
http://forum.hurstcy...ent-support/303
Posted 03 December 2016 - 09:56 PM
GDXADP, gives a similar result on stockcharts.com but it is not as clean as the xau chart.
Posted 04 December 2016 - 12:48 PM
I want to go back to my original premises, I dont want to screw with this thing, upon what is coming there
are many reasons trading mistakes can leave one depopulated overnight. You will see in several months.
So I was late to the paper gold and bought in the first pause of the 2016 ramp, that position stayed positive but
lost most the huge gains. Two beginning positions turned negative quite a bit. I never thought I would buy chinese pandas
at 1181 again but my lowest paid was 1133 for bullion. I did transition stock funds over to the gold funds just about right
for selling stock with the Sep lower highs but got hurt in the Oct gold stock drop because I direct exchanged when I should have parked
in cash just for two weeks. To many ways to make short term trading mistakes can break the confidence so I correctly said
I dont care this is about buy and hold for all the marbles. I added tremendously with Oct gold crash and we do see advance decline
up since then.
Think about it, fake new work bullion manipulation to run the obama fiat ponzie just one more lost election,
just exported all of it for the global arbitrage, the west is emptied of physical, except me, that is a strong position.
What i am going to do is margin up the paper account with advances. If there is a dip in 5-6 weeks, or a bad dip, I will take it and meet
margin calls. This dip in 5-6 weeks is there in my cycles will be at least a time pause, some short term puts can help the risk and meet
any margin calls. But on the other hand a huge move for two weeks now, can profoundly lock in broader bottoming cycles.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
Posted 04 December 2016 - 08:03 PM
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