19 replies to this topic

[swanstkdh]

You mean intra day or closing below 920

[dharma]

trading did some light gold share buying when things got beaten w/an ugly stick. will probably unload tomorrow it is normal when breaking the neckline to come back over it by 2-3% which is what i think we are doing here. and prices got wedged in on hourly charts. this flim flam bounce will last maybe all of manana . and then down we go. looking for the 20s on faz dharma

[rooster]

trading did some light gold share buying when things got beaten w/an ugly stick. will probably unload tomorrow

it is normal when breaking the neckline to come back over it by 2-3% which is what i think we are doing here.
and prices got wedged in on hourly charts. this flim flam bounce will last maybe all of manana . and then down we go. looking for the 20s on faz
dharma

Dharma, FAZ is doing a 10 for 1 reverse split today.

[dharma]

trading did some light gold share buying when things got beaten w/an ugly stick. will probably unload tomorrow

it is normal when breaking the neckline to come back over it by 2-3% which is what i think we are doing here.
and prices got wedged in on hourly charts. this flim flam bounce will last maybe all of manana . and then down we go. looking for the 20s on faz
dharma

Dharma, FAZ is doing a 10 for 1 reverse split today.

yes, thank you i am aware of that
dharma

[swanstkdh]

So what will that do for the price??? of faz

[dharma]

bullish divergences on the daily charts of xau/hui- i bought lightly for a bounce

“Gold's relative strength is easily missed, however, which may be why advisers have become so pessimistic in recent weeks. Over the last five weeks, for example, the editor of the average gold timing newsletter has reduced his recommended gold market exposure by nearly 70 percentage points. That's an extraordinary decline in so short a time, given that gold bullion over this period is down only around 6%.

Gold timers' pessimism, in the face of gold's strong relative strength, is what is leading contrarians right now to conclude that gold will soon turn up.”

-- Mark Hulbert

http://www.marketwat...oil?siteid=nbkh
dharma

[johngeorge]

trading did some light gold share buying when things got beaten w/an ugly stick. will probably unload tomorrow

it is normal when breaking the neckline to come back over it by 2-3% which is what i think we are doing here.
and prices got wedged in on hourly charts. this flim flam bounce will last maybe all of manana . and then down we go. looking for the 20s on faz
dharma

dharma

What a great call!!!!!!!!!!!!!!!!!!!!!!

Best to you

[dharma]

here this link works
http://www.marketwat...of-gold-and-oil
dharma

[dharma]

hui/xau diverged on the daily from oversold condition looked like we we finished 5 waves down, now 3 waves up and then another 5 waves down to new lows i just bailed on my trading positions i will put on a full trading position @these next lows found this interesting Question -- Russell, the world is deflating. Stocks are deflating, housing is deflating, commodities are deflating. How can gold possibly go up in this kind of deflationary atmosphere? Answer -- Somewhere ahead I believe there's going to be a flight out of fiat money. "If it's paper, it's garbage," will be the sentiment. People don't understand the meaning of gold, they think it's a commodity. Wrong, gold is MONEY. In a world where all paper money is discredited, people will rush to the one money that is not the fantasy of some nation's central bank. When you think about it, where is the logic of a bunch of central bank hacks producing wealth out of "thin air"? Wealth comes from hard work, wealth come from man's sweat or brains. Fiat currency is basically computer-generated junk. When all else is disbelieved and distrusted, gold becomes the only trusted true wealth. That's why intelligent men and women hoard gold during hard times. Gold is timeless money -- 5,000 years of history attests to that statement. dharma this is an investment for me, not a religion, when the parabolic expresses itself i will bail and move onto to something else, after a long vacation.

[dharma]

thanks jg dharma