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Platinum under $600, gold under $900.....


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#1 RagingSpartan

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Posted 17 July 2018 - 04:36 PM

In that range ......

#2 diogenes227

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Posted 18 July 2018 - 10:17 AM

Used to be platinum always traded higher than gold because of its rarity and industrial uses.

 

But one day it was jaywalking when an electric car came by and killed it in a hit and run.

 

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"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#3 LMF

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Posted 18 July 2018 - 06:55 PM

Technically the gold configuration right now is more like the late October 2008 low......40 week MA about 67 points above the 200 week MA.  And the 200 week MA is actually rising also.  They can keep pushing it down further until the big money finally jumps on it......but it's not the serious technical damage.  200 week at 1235......see how long it stays below that level.  2 days so far.....



#4 LMF

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Posted 18 July 2018 - 07:10 PM

The point where they should have been able to nail gold was around July 2017......at the 1205 lows.  But the bears royally screwed it up, when they had the moving averages setup for the kill.  Like a beach ball 10 feet down in the water......you can't let go of the ball even for a second.  Next stop was 1360.....