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Long GDX

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#1 opinionated

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Posted 17 October 2017 - 11:39 AM

1285 gold...

#2 blustar

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Posted 17 October 2017 - 02:31 PM

So am I.yes.gif


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#3 opinionated

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Posted 17 October 2017 - 05:33 PM

Well,

 

I'm in good company then...  I was impressed how it took off when gold turned from 1285 to 89 it went from 23,22 to 23.51

 

GDX usually leads and not follow (IF) the move in gold is real. Last time off the bottom I was very disappointed that it could not crack 23.95

 

This time (IF) it's real I am looking for 24.40 Actually just put in a trigger order in there,  My next target for gold is 1317 which may offer a bit of Res. but the main target is 1334 then trying to pin point the pullbacks to reload as it measures 1420 on the ABC

 

But the reality is it is all about the dollar,  which pulled back as it needed to as gold layed on 1285...  Tricky time right here.  Over 94 DX and gold is toast. But I bailed at 1306 expecting exactly what we've seen.  Now for the bottom to hold. I know it was real last time because they wanted the shiny stuff across the pond more than we did.  Sure would be nice to see then take it to 1300 in the morning! banana.gif

 

Good Luck Brad...



#4 opinionated

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Posted 18 October 2017 - 03:59 AM

Morning... as I said it's all about the dollar. Not looking good for gold bugs.

#5 SemiBizz

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Posted 18 October 2017 - 06:58 AM

Gold cycle low expected in early December...


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#6 blustar

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Posted 18 October 2017 - 08:39 AM

Today my target is 24.02, close 23.94, Thursday : 24.12, Friday 24.34 then end of day 23.74. These should be close.


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#7 blustar

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Posted 18 October 2017 - 08:45 AM

These are +/- .07


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#8 opinionated

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Posted 18 October 2017 - 10:24 AM

PRAISE G__...

Don't see it as it stands first step is a close over 1285...

As I said If That was a inverse h/s on dollar were toast.

Thanks semi... hope your mistaken

#9 K Wave

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Posted 18 October 2017 - 10:25 AM

Jury still out on Gold...rejection at 1310 a few days back is SIGNIFICANT inflection point now for longer term.

 

If Gold takes out that level again, likely time to push a lot of chips in for a multi-year ride upside.....

 

If 1275-1280 holds today, then this could be a decent place to take a shot at a long trade, with stop below today's low, and then see if it can go up and take out 1310 over next few days....

 

If not, then it looks like a possible breakout/fakeout over 1310 over last couple of months, and that more downside to come.


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#10 SemiBizz

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Posted 18 October 2017 - 12:12 PM

The "Mo" guys that used to trade gold and ran it up to the highs...

 

Are yawning at this trade... too sleepy.

 

They are taking their juice to "Crypto"

 

A whole lot of advantages there, not to mention just pure sheer monster moves...


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