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Third test 1550

Started by Islander , May 30 2012 11:54 AM

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5 replies to this topic

#1 Islander

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Posted 30 May 2012 - 11:54 AM

Tests of local lows (click for a better view)

Ok, I want gold to move up, and I am looking for a bottom. This test today could be that bottom (it's my illness).

The contract, GCM12, and the open interest reduction are interesting if not determinative of anything - yet.

Suspect that the announcements on NFP may stimulate interest in the metal and maybe miners.

Watch Friday movements.

Best, Islander

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#2 dougie

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Posted 30 May 2012 - 02:05 PM

was todays test a headfake or is the headfake a head fake. getting dizzy

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#3 Islander

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Posted 31 May 2012 - 02:53 PM

Something to hold the confusion level. It is possible it was a fake, under certain conditions folks on this board can become confused, easily. Best, Islander.

Edited by Islander, 31 May 2012 - 02:57 PM.

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#4 dharma

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Posted 01 June 2012 - 09:19 AM

Something to hold the confusion level.

It is possible it was a fake, under certain conditions folks on this board can become confused, easily.

Best, Islander.

aint that the truth!
dharma

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#5 johngeorge

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Posted 01 June 2012 - 09:25 AM

"Suspect that the announcements on NFP may stimulate interest in the metal and maybe miners. Watch Friday movements" Islander I believe you nailed it!!!!! Great call. :yes: