Sell Signal for the Gold Shares
Started by
Frac_Man
, Feb 19 2007 03:10 PM
11 replies to this topic
#1
Posted 19 February 2007 - 03:10 PM
Expect to XAU to drop into the 130 to 120 area soon --- along with the Metal
Hank
Enjoy
#2
Posted 19 February 2007 - 04:08 PM
Gosh ! Gold was being pumped last night on cnbc.........the program about wealthy people.
#3
Posted 19 February 2007 - 04:42 PM
FRACMAN
when does the SELL OFF being in metal and the stocks. Does that begin with tommorow morning's trade?
#4
Posted 19 February 2007 - 09:18 PM
darn close , the point being is that a decline is near
FRACMAN
when does the SELL OFF being in metal and the stocks. Does that begin with tommorow morning's trade?
#5
Posted 19 February 2007 - 09:43 PM
Thanks FRACMAN. How many points of a decline are you looking in the Metal? And does the decline end by end of Feb? or continue into March?
[quote name='optionking' post='272396' date='Feb 19 2007, 06:42 PM']
FRACMAN
when does the SELL OFF being in metal and the stocks. Does that begin with tommorow morning's trade?
[/quote]
[/quote]
[quote name='optionking' post='272396' date='Feb 19 2007, 06:42 PM']
FRACMAN
when does the SELL OFF being in metal and the stocks. Does that begin with tommorow morning's trade?
[/quote]
[/quote]
#6
Posted 20 February 2007 - 01:24 AM
We are in quick sand aren't we.... the dollar tanking, gold and oil going higher on elevated geopolitical concerns.... and fractals showing a possible sharp pullback. How about next week rather than this week on the sell and drop so I can position things better - timing is a hard call here.
Mike
#7
Posted 20 February 2007 - 04:06 AM
I held KGC (Kinross Gold) from mid-January until late last week. That has been my gold trading vehicle. The price has been breaking down. They will have an earning report out tomorrow night and gold has been getting choppy again. KGC will probably drop more during the earning announcements. I plan to pick it up again if gold is headed in the right direction. If I am wrong, nothing lost sitting on some cash.
Only in geometry can a line go into infinity.
#8
Posted 20 February 2007 - 04:34 AM
Forgot to say, why do you believe gold should be a sell? If you look a GLD, it hasn't reached that point yet. If the trendline breaks, then I would be in your camp. It is now at the point to go either way, but the short term trend still supporting an upward trend.
Only in geometry can a line go into infinity.
#9
Posted 20 February 2007 - 06:08 AM
Hank,
Your timing is impeccable.
http://www.traders-t...showtopic=66510
http://www.traders-t...showtopic=66148
http://www.traders-t...showtopic=66274
http://www.traders-t...showtopic=66488
cheers,
john
Your timing is impeccable.
http://www.traders-t...showtopic=66510
http://www.traders-t...showtopic=66148
http://www.traders-t...showtopic=66274
http://www.traders-t...showtopic=66488
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#10
Posted 20 February 2007 - 06:31 AM
Hank - MULT MONTH correction???
XAU is currently not too far from that and the 120 to 130 range is the same level of 2-3 months ago.
Any more precise details? I am a "subscriber"
All the best and great calls.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.