gold tanked..

so what happens to the buck here?

so what happens to the buck here?

It is gold's 5th wave down, good bounce or new highs after this down move completes over the week end....

$USD is about to turn up hard for a few weeks......

GS.

so what happens to the buck here?

It is gold's 5th wave down, good bounce or new highs after this down move completes over the week end....

$USD is about to turn up hard for a few weeks......

GS.

I dunno about that. I think Timmy and Ben are bent on destroying the dollar.. which will create the next crisis.. dollar + US treasuries.

so what happens to the buck here?

gold swaps? reference?

so what happens to the buck here?

gold swaps? reference?

it was in one of my posts a few days ago..

My Gold top call confirmed for the IT time. As a I said on today's T-score comments short the hell out of it on the last gasp run to 1200. I expect the traders that know better in longs got stopped out today. I will repeat if you did not cover yet when it cracked 1200 again. Your now even more the dumb money. Hate to put it that way but when I was getting the flack I wanted to wake you up. Like that exit even more now Don

Improved my 1091 last night to 1194 and scalped 3. Just dumped them 1075 Will re-short a good pop one more time. We'll see. I got an 11:30 turn +- 10 min

My Gold top call confirmed for the IT time. As a I said on today's T-score comments short the hell out of it on the last gasp run to 1200. I expect the traders that know better in longs got stopped out today.

I will repeat if you did not cover yet when it cracked 1200 again. Your now even more the dumb money. Hate to put it that way but when I was getting the flack I wanted to wake you up.

Like that exit even more now Don

Yeh,Yeh, Yeh,... I sold at 1202. Gold Silver Ratio this morning...

So that make me just "dumb money" not "even more dumb money"..
I lost 8 pts on the trade w/ six contracts.

Been pre-occupied with other issues in my life and have neglected to stay up with things... Should have gone flat instead of carrying positions.

Edited by jjc, 16 July 2010 - 09:04 AM.

My Gold top call confirmed for the IT time. As a I said on today's T-score comments short the hell out of it on the last gasp run to 1200. I expect the traders that know better in longs got stopped out today.

I will repeat if you did not cover yet when it cracked 1200 again. Your now even more the dumb money. Hate to put it that way but when I was getting the flack I wanted to wake you up.

Like that exit even more now Don

Yeh,Yeh, Yeh,... I covered at 1202. Gold Silver Ratio this morning...

So that make me just "dumb money" not "even more dumb money"..
I lost 8 pts on the trade w/ six contracts.

No Jc that was a good shot at it nothing wrong with that bud. I was talking to the 1248.80 call dumb money one's. I figured that may make them look a the charts a tad more.

Edited by zoropb, 16 July 2010 - 09:04 AM.

Improved my 1091 last night to 1194 and scalped 3. Just dumped them 1075 Will re-short a good pop one more time. We'll see.

I got an 11:30 turn +- 10 min

Hi Z,
Just thought I'd share my webcast with Merriman on gold...I have to rehear it again, because I just came back from my home in Ga where my husband had a near fatal heart attack on July 4th (unbelievable on the planets/stars aligned for us..it was just minutes to spare) and couldn't make the webcast but changed to the download version...so I quickly listented to this 2 hr webcast taking notes quickly...

His gut is this...that as long as 1185 holds on gold..we could see a huge rally up into July 23-Aug 10 period..where gold hits $1300-1350..but then a big 200-300 pt drop in aug/sept..possibly a low oct 8th when Venus goes retrograde..but he does reserve the right to be wrong...as most traders..LOL!

grains are very bullish he says and he called that in his 2010 forecast book...again, I have to listen to it again..but we do need confirmation on that call taking out of course the last highs out..I know that differs with your call..however it might also depend on the timing..because you both can be right if it happens in august...he sees one more crisis default in Europe in August...his position is long on gold for now..not sure where he bought it...a high could happen first week of August and then down $200-300 ..he doesn't expect it to get too much under $1000 if it gets that low

By the way..he's not like Crawford who chooses the scare the crap out of people...Merriman does expect something big in August..but it doesn't necessarily have to happen too..according to him..that's why I like him..he's more balance in his forecasting
It was really a good webcast..but again if we break 1185 and close 2 times under that..then his gut is wrong..I"ll post more on that webcast on the market once i have time

TM

Edited by tradermama, 16 July 2010 - 09:34 AM.