6 replies to this topic

[pisces]

as per dougie,s post on the gold board i added to JO.today..

[thoughtpwr]

I was looking at JO as it parallels the retracement that the gold stocks like AG are undertaking. It looks like JO is ahead of AG in the process and has reached major resistance, from which I would expect a retracement back to 20 in JO before it makes another move up to 22 from where it is today. Be cautious in here as things are going to be very choppy for both commodiites in making this retracement. I think we make a last major low in gold and commodities later in the year before beginning the real rally. If you get a retracement back to JO = 20, that is where I would add more or I might also sell calls in JO against my position at this point.  Good fortune on the trade, I would expect JO to get to 22.5-23 with big double top in the 22-23 area before beginning a last selloff. to new marginal lows.

[pisces]

Thanks, i am looking for $ 26.00 , 31.00 , 35.00. i take profits along the way and reload on pullbacks , KISS method .

i go by the futures charts.now looking at CL ,trading SCO , and NG , trading UGAZ..

Doing this because stockmarket seems to be topping and harder to trade. GLTU  

[pedro]

"I think we make a last major low in gold and commodities later in the year before beginning the real rally."

 

Have it the same way here.   By late spring it appears.

[pisces]

keep on trucking JO ,on the futures chart [KC] i see 157 coming up quick .probably take some off the table there,but of course first we must get there  ,  

[dasein]

KC -

[pisces]

Thanks Karen , most interesting.

 

i am totally ignorant about the fundamentals of anything i trade.i could never accumulate all that knowledge.but the result of all the players knowledge and opinion is displayed on the chart at the end of the day.and i read and interpet this to the best of my ability and try to turn this to my advantage.

like in most endeavers there are many pitfalls and it does not always work out.but we all know that......GLTU