COMMODITIES AND PM'S
US DOLLAR
PM's and commodities down! US Dollar up!
Started by
johngeorge
, Aug 17 2009 07:32 AM
18 replies to this topic
#2
senorBS
-
- TT Member+
- 10,968 posts
Member
Posted 17 August 2009 - 08:50 AM
some are not surprised, is it a brief interlude or a trend change is what is muy importante
NO BS
Senor
#3
Gold3600
-
- Traders-Talk User
- 150 posts
Member
Posted 17 August 2009 - 09:27 AM
some are not surprised, is it a brief interlude or a trend change is what is muy importante
NO BS
Senor
The gap down in GLD has me thinking a correction but the Weekly MACD turn down in SA and GOLD has me thinking trend change?
#4
senorBS
-
- TT Member+
- 10,968 posts
Member
Posted 17 August 2009 - 09:53 AM
some are not surprised, is it a brief interlude or a trend change is what is muy importante
NO BS
Senor
The gap down in GLD has me thinking a correction but the Weekly MACD turn down in SA and GOLD has me thinking trend change?
Si, it's rarely easy amigo.
NO BS
Senor
#5
souelle6
-
- Traders-Talk User
- 287 posts
Member
Posted 17 August 2009 - 10:09 AM
@Gold 3600... It seems to me that Gold often gets short term pressure when markets dip as clerks liquidate holdings to meet margin calls on an ugly day & the US dollar undergoes some correction... In addition, you'd have to think that real weakness in gold price would be pro risk, and bullish for the trend
"It's not the thinkin' that makes the money, it's the sittin' and waitin' that makes the money" -- J.L
#6
goldswinger
-
- Traders-Talk User
- 2,612 posts
Member
Posted 17 August 2009 - 11:08 AM
I don't know how can selling gold/gold shares relieve margin pressure issues. The gold market cap is less than 5% of the overall market cap, it is utterly insignificant.
The wekly MACD cross is very significant.
GS.
Edited by goldswinger, 17 August 2009 - 11:09 AM.
#7
dougie
-
- Traders-Talk User
- 9,071 posts
Member
Posted 17 August 2009 - 11:32 AM
to be usre we are at an interesting juncture as the door is WIDE open for this correction to be REAL. New lows?
#8
senorBS
-
- TT Member+
- 10,968 posts
Member
Posted 17 August 2009 - 11:50 AM
to be usre we are at an interesting juncture as the door is WIDE open for this correction to be REAL. New lows?
we will know soon, Senor thinks south of the border but has tightened stops to bueno profitable levels. Bearish but not cocky.
BSing away
Senor
#9
souelle6
-
- Traders-Talk User
- 287 posts
Member
Posted 17 August 2009 - 12:12 PM
987 stop senor?to be usre we are at an interesting juncture as the door is WIDE open for this correction to be REAL. New lows?
we will know soon, Senor thinks south of the border but has tightened stops to bueno profitable levels. Bearish but not cocky.
BSing away
Senor
"It's not the thinkin' that makes the money, it's the sittin' and waitin' that makes the money" -- J.L
#10
senorBS
-
- TT Member+
- 10,968 posts
Member
Posted 17 August 2009 - 12:43 PM
987 stop senor?to be usre we are at an interesting juncture as the door is WIDE open for this correction to be REAL. New lows?
we will know soon, Senor thinks south of the border but has tightened stops to bueno profitable levels. Bearish but not cocky.
BSing away
Senor
Huh? you mean 987 in gold? no way Jose, I will not give the stop but it's below 955.
BSing away
Senor
