SenorBS are you mostly on the sideline
Started by
Gold3600
, Mar 13 2009 09:59 AM
15 replies to this topic
#1
Posted 13 March 2009 - 09:59 AM
with Gold, and a large or small position in Crude? Thanks
#2
Posted 13 March 2009 - 10:35 AM
with Gold, and a large or small position in Crude? Thanks
I accumulated several canadian gassy trusts this week looking for an intermediate term rally. I bought a very light position in a few gold and silver stocks into the recent decline, but I am being cautious. Gold could be muy bullish and I might pile in at some point, but not yet.
BSing away
Senor
#3
Posted 13 March 2009 - 05:14 PM
next week could be a very interesting week , technically speaking.
#4
Posted 13 March 2009 - 09:17 PM
next week could be a very interesting week , technically speaking.
we may have a 2B buy signal on gold pretty soon.
it would trigger an enormous short squeeze.
the setup looks similar to the 2B buy signal that occurred on 16 september 2008 before gold moved up 100 dollars in a couple days.
http://www.surinotes...B_TJDec2007.pdf
#5
Posted 16 March 2009 - 01:01 PM
testing to see if I can post a chart here. Please tell me if you can see the lines I have drawn on this chart to show a bear flag-like looking patter
http://stockcharts.c...amp;a=163256730
http://stockcharts.c...amp;a=163256730
#6
Posted 16 March 2009 - 01:05 PM
No lines visible.
#7
Posted 16 March 2009 - 01:14 PM
thanks, darnfelds. does anybody know how to upload stockcharts.com charts here? I cannot save it as a .jpg file
#8
Posted 16 March 2009 - 03:16 PM
thanks, darnfelds. does anybody know how to upload stockcharts.com charts here? I cannot save it as a .jpg file
skott
To upload a chart you need permission. Send a message to mss this boards administrator for information on uploading an attachment.
Best to you.
Peace
johngeorge
johngeorge
#10
Posted 16 March 2009 - 04:20 PM
Skott, that chart appears to me as a slanted down bear flag, where the B wave ends lower than the beginning of the A wave. It portends a deep and significant move down after the C wave up completes which it just did Today in my opinion, but if I am wrong it will end with a spike up Tomorrow AM.......b4 the drop.
Goldswinger.
Disclosure: I went short the gold pm sector on Friday last week.