8 replies to this topic

[Bob-C]

Hi Sentient Being, here is the XAU daily chart (please wait for the charts to load-thanks):

http://stockcharts.com/c-sc/sc?s=$XAU&p=D&yr=0&mn=3&dy=0&i=p52423023680&r=1341625365169.png

Here is the XAU weekly chart:

http://stockcharts.com/c-sc/sc?s=$XAU&p=W&yr=0&mn=6&dy=0&i=p52423023680&r=1341625365169.png

Here is the XAU daily Ichimoku chart:

http://stockcharts.com/c-sc/sc?s=$XAU&p=D&yr=0&mn=3&dy=0&i=p63718471674&r=1341628074789.png

Here is the XAU weekly Ichimoku chart:

http://stockcharts.com/c-sc/sc?s=$XAU&p=W&yr=0&mn=7&dy=0&i=p63718471674&r=1341628074789.png

Here are the XAU Gallery Charts.
Here is the HUI daily chart (please wait for the charts to load-thanks):

http://stockcharts.com/c-sc/sc?s=$HUI&p=D&yr=0&mn=3&dy=0&i=p52423023680&r=1341625365169.png

Here is the HUI weekly chart:

http://stockcharts.com/c-sc/sc?s=$HUI&p=W&yr=0&mn=6&dy=0&i=p52423023680&r=1341625365169.png

Here is the HUI daily Ichimoku chart:

http://stockcharts.com/c-sc/sc?s=$HUI&p=D&yr=0&mn=3&dy=0&i=p63718471674&r=1341628074789.png

Here is the HUI weekly Ichimoku chart:

http://stockcharts.com/c-sc/sc?s=$HUI&p=W&yr=0&mn=7&dy=0&i=p63718471674&r=1341628074789.png

Here are the HUI Gallery Charts.

BTW, thanks for sharing the interesting home projects and hobbies that you're working on.

Check your Inbox, you have mail.

Have a happy and profitable trading day.

Best,

Bob

[Russ]

Hi Bob, interesting charts, what is your interpretation of the Ichimoku indicator, does that project a low for the gold stocks for next winter? I have a projection on my oscillator for a high in NUGT (3X leveraged gold stoct etf) in Feb/Mar 2013. Russ

Edited by Russ, 12 August 2012 - 09:20 AM.

[Bob-C]

Hi Bob, interesting charts, what is your interpretation of the Ichimoku indicator, does that project a low for the gold stocks for next winter? I have a projection on my oscillator for a high in NUGT (3X leveraged gold stoct etf) in Feb/Mar 2013.

Russ

Hi Russ, it's good to hear from you. Thanks for stopping by and sharing your insights and analysis.

I can't tell where gold will be next spring, however, I hope the following charts will be helpful to you. The current Ichimoku charts and weekly charts appear favorable to gold in the ST.

Here is the NUGT daily chart (please wait for the charts to load-thanks):

http://stockcharts.c...41625365169.png

Here is the NUGT weekly chart:

http://stockcharts.c...41625365169.png

Here is the NUGT daily Ichimoku chart:

http://stockcharts.c...41628074789.png

Here is the NUGT weekly Ichimoku chart:

http://stockcharts.c...41628074789.png

Here is the NUGT daily CMF, OBV, and Accum/Dist chart:

http://stockcharts.c...41632672399.png

Here is the NUGT weekly CMF, OBV, and Accum/Dist chart:

http://stockcharts.c...44028391191.png

Here are the NUGT Gallery Charts.


Best,


Bob

Edited by Bob-C, 12 August 2012 - 02:58 PM.

[Bob-C]

Hi Russ, here is the NUGT daily TL chart depicting a bullish breakout above its descending bullish wedge:

http://finviz.com/ch...a=1&p=d&s=l.png

Cheers,

Bob-C

[Russ]

That's a lot of charts! What I notice is that the Ichimoku is projecting a low for next winter if I am interpreting it correctly, or maybe that is just support showing up. At any rate, I have a clear signal on my oscillator for a high next winter, after running the charts (hui and nugt appear the same) on my better software, it looks like the high will be in December but it could extend in to January, this also ties in with the elliot wave technician that Kitco.com features who is looking for a breakout to run gold up into the $2200 area by maybe late fall, he is looking for it to be a 5th wave completion. I however do not see this run as the end of the bull in gold, I am in general agreement with Martin Armstrong for a high later on, in my view into 2016, Armstrong has suggested 2017 based on cyclical research. He has suggested 5000 -10,000 per ounce by then after the 'zero' bid day shows up for US bonds and the USA becomes effectively bankrupt. It is going to be a wild troubled time, with Socialism of the west dying in his view.

Hi Russ, here is the NUGT daily TL chart depicting a bullish breakout above its descending bullish wedge:

http://finviz.com/ch...a=1&p=d&s=l.png

Cheers,

Bob-C

[Russ]

I forgot to include that I notice my projection for HUI/NUGT for a high in December is also a perfect Terry Laundry (who passed away recently) 'T' formation from the high last summer.

[Bob-C]

I forgot to include that I notice my projection for HUI/NUGT for a high in December is also a perfect Terry Laundry (who passed away recently) 'T' formation from the high last summer.

Russ, thank you for all your prescient comments, analysis, and insights. Thanks also for and Armstrong's comments and projections. IMHO, the next few years will provide increased volatility and the most favorable trading opportunities, far better than 2008-2009! I look forward to the opportunity and the challenge to make great profits both long and short.

Good luck on all your trades.

Best,

Bob

[Sentient Being]

Thank you for the charts Bob. Just caught this before heading to work. Some late night wetness kept me from sanding a bit on the deck this AM before work. Perhaps the deck will be dry tomorrow afternoon. Between the heat, humidity, and rain outside work here in New England has been difficult to do. The contractors, painters have been complaining about not being able to get at the houses. I'm planning on doing two more gold buys before 2013 which would give me a modest gold holding for whatever comes after the elections. Although I'm personally pessimistic about what is to come for the economy and markets I've noticed that at my times of greatest pessimism I'm almost always wrong and on the wrong side of the trade so to speak! The charts are better to follow than my opinion that's for sure. Clearly no one knows what is to come but many will guess and afterwards those who guess right will take a bow and offer subscription services! I'm not singling anyone out here for that comment by the way, just a general statement. I have an opinion and realize it may be wrong, may be very wrong. This time I'm going to pay attention to charts and try to go with the flow instead of having a position on the outcome and stubbornly stay wrong and lose out. If I'm right, then the charts should give many signals to get out of the market along the way and this time I'll be looking for the signals first instead of taking a position first and not looking at the reality.

[Bob-C]

Thank you for the charts Bob.

Just caught this before heading to work. Some late night wetness kept me from sanding a bit on the deck this AM before work. Perhaps the deck will be dry tomorrow afternoon. Between the heat, humidity, and rain outside work here in New England has been difficult to do. The contractors, painters have been complaining about not being able to get at the houses.

I'm planning on doing two more gold buys before 2013 which would give me a modest gold holding for whatever comes after the elections.

Although I'm personally pessimistic about what is to come for the economy and markets I've noticed that at my times of greatest pessimism I'm almost always wrong and on the wrong side of the trade so to speak! The charts are better to follow than my opinion that's for sure. Clearly no one knows what is to come but many will guess and afterwards those who guess right will take a bow and offer subscription services! I'm not singling anyone out here for that comment by the way, just a general statement.

I have an opinion and realize it may be wrong, may be very wrong. This time I'm going to pay attention to charts and try to go with the flow instead of having a position on the outcome and stubbornly stay wrong and lose out. If I'm right, then the charts should give many signals to get out of the market along the way and this time I'll be looking for the signals first instead of taking a position first and not looking at the reality.

You're very welcome Sentient Being. Thanks a lot for sharing your valuable market opinions and potential market direction for the fall of 2012 and the spring of 2013. IMHO, you're right on target with your intelligent analysis and you're right again to use the charts to help time your entry and exit for your current and prospective positions. Keep up your good work!

Thanks also for sharing the latest about all the hard work and effort that you've been putting into your deck. You've been very busy all around!

Have a great day and a happy and very successful trading week.

Best,

Bob