3 waves to the upside. now the lows
#11
Posted 30 May 2008 - 12:28 AM
#12
Posted 02 June 2008 - 08:46 AM
#13
Posted 02 June 2008 - 12:07 PM
#14
Posted 02 June 2008 - 01:32 PM
#15
Posted 02 June 2008 - 05:49 PM
unless another dominant cycle is operating. i still the metals to be up till months end. if that is not the case. then it will be back to the drawing board for me. dharma
Muy hard market, Senor just hangin loose. I think it eventually goes lower but not sure when or from where. This seems like a whipsaw market that will try muy hard to take your pesos, Senor has been there and done that - no gracias anymore.
BS all the way
Senor
#16
Posted 03 June 2008 - 08:53 AM
yes, the correction is still in force, 850 is support if that goes 780-800 is the next support zone. there is more pressure to come. by not hitting its upside targets, the gold market indicates weakness.740-780 is a possibility too. the correction is not complete. it is a time to sip those margaritas and watch. its what i am doing. there are some strong headwinds. here is some food for thought: peak gold:http://whiskeyandgunpowder.com/Archives/2008/20080602.htmlunless another dominant cycle is operating. i still the metals to be up till months end. if that is not the case. then it will be back to the drawing board for me. dharma
Muy hard market, Senor just hangin loose. I think it eventually goes lower but not sure when or from where. This seems like a whipsaw market that will try muy hard to take your pesos, Senor has been there and done that - no gracias anymore.
BS all the way
Senor
dharma
#17
Posted 03 June 2008 - 09:26 AM
yes, the correction is still in force, 850 is support if that goes 780-800 is the next support zone. there is more pressure to come. by not hitting its upside targets, the gold market indicates weakness.740-780 is a possibility too. the correction is not complete. it is a time to sip those margaritas and watch. its what i am doing. there are some strong headwinds. here is some food for thought: peak gold:http://whiskeyandgunpowder.com/Archives/2008/20080602.htmlunless another dominant cycle is operating. i still the metals to be up till months end. if that is not the case. then it will be back to the drawing board for me. dharma
Muy hard market, Senor just hangin loose. I think it eventually goes lower but not sure when or from where. This seems like a whipsaw market that will try muy hard to take your pesos, Senor has been there and done that - no gracias anymore.
BS all the way
Senor
dharma
Senor is in total agreement with you here amigo. There will be a grande buying opportunity in the next 4-8 weeks Senor thinks, grande fortune comes to those who can remain calm, cool, collective and then pounce when the time is right. Senor Marg's help him comply with that plan.
PURE Margarita BS (wih salt)
Senor
#18
Posted 03 June 2008 - 09:41 AM
yes, we are in agreement! i am watching the miners, which are performing well, inspite of golds weakness. this is a very good sign. the stocks gaining strength , will lead the next leg. dharmayes, the correction is still in force, 850 is support if that goes 780-800 is the next support zone. there is more pressure to come. by not hitting its upside targets, the gold market indicates weakness.740-780 is a possibility too. the correction is not complete. it is a time to sip those margaritas and watch. its what i am doing. there are some strong headwinds. here is some food for thought: peak gold:http://whiskeyandgunpowder.com/Archives/2008/20080602.htmlunless another dominant cycle is operating. i still the metals to be up till months end. if that is not the case. then it will be back to the drawing board for me. dharma
Muy hard market, Senor just hangin loose. I think it eventually goes lower but not sure when or from where. This seems like a whipsaw market that will try muy hard to take your pesos, Senor has been there and done that - no gracias anymore.
BS all the way
Senor
dharma
Senor is in total agreement with you here amigo. There will be a grande buying opportunity in the next 4-8 weeks Senor thinks, grande fortune comes to those who can remain calm, cool, collective and then pounce when the time is right. Senor Marg's help him comply with that plan.
PURE Margarita BS (wih salt)
Senor
#19
Posted 03 June 2008 - 10:15 AM
yes, we are in agreement! i am watching the miners, which are performing well, inspite of golds weakness. this is a very good sign. the stocks gaining strength , will lead the next leg. dharmayes, the correction is still in force, 850 is support if that goes 780-800 is the next support zone. there is more pressure to come. by not hitting its upside targets, the gold market indicates weakness.740-780 is a possibility too. the correction is not complete. it is a time to sip those margaritas and watch. its what i am doing. there are some strong headwinds. here is some food for thought: peak gold:http://whiskeyandgunpowder.com/Archives/2008/20080602.htmlunless another dominant cycle is operating. i still the metals to be up till months end. if that is not the case. then it will be back to the drawing board for me. dharma
Muy hard market, Senor just hangin loose. I think it eventually goes lower but not sure when or from where. This seems like a whipsaw market that will try muy hard to take your pesos, Senor has been there and done that - no gracias anymore.
BS all the way
Senor
dharma
Agree, but those stocks will still take quite a hit IMO, I expect the juniors to hold up the best if the expected decline occurs.
BS all the time
Senor
Senor is in total agreement with you here amigo. There will be a grande buying opportunity in the next 4-8 weeks Senor thinks, grande fortune comes to those who can remain calm, cool, collective and then pounce when the time is right. Senor Marg's help him comply with that plan.
PURE Margarita BS (wih salt)
Senor
#20
Posted 03 June 2008 - 12:54 PM
doesnt anyone here still have faith in a head and shoulders bottom formation?
Gold will be back at the 930.00 neckline of this formation before the end of JUNE.
Gold will not go below 850 1980's all time high support.
Dharma turned bearish and everyone is capitulating down here!
this downleg in gold is LOSING STEAM volume wise. remember, VOLUME is the force that moves markets... and on GLD volume is weakening on each successive low V formation.
on this so called Bernanke news, they should have taken gold down minimum $50 !! but all they can manage is a lousy 7 bucks???
Bernanke is a JOKE! He screwed this entire market and economy up, and now all of a sudden we are to believe him that he will rally the dollar and crash gold??? NOT. I dont buy it. The BKX is cooked big time and is soon going to break 10 year support.
but the broadmarket indices including the $BKX are gaining STEAM to the downside BIG TIME. This mini panic that is developing there will SUPPORT A GOLD PRICE RALLY that moves the gold price back up to 930 neckline !!!
If I am right I officially want to be crowned Senor Junior!!