35 replies to this topic

[dharma]

xau/hui showing hourly divergences.
so are many stocks
i am buying only junior, they are holding fairly well
this looks like the end of A to me
dharma

That's the bullish hope, better bounce muy rapido or we flush mucho more. Just watching.

BSing away

Senor

1075ish is the max that i see. this correction will be finished before months end.
i have been wrong before, but i dont think the top is in. yes, 1224(nice call jimmy sinclair) was a top. but , this leg
has more to express.
just my 2c
dharma

Interesting as that level is Senor's fail safe price point, if you go below there IMO all upside bets are off and a grande decline becomes more possible. My 2 centavos

Senor

yes, you have been looking for a big decline.
surprises in bull markets are to the upside.
seasonally this is abullish time of year
my cycle work does not call for a top till 10
of course, the markets have a way of making us all look stupid from time to time
but, i have to express what i think. and its higher and probably alot higher.
dharma

Amigo you are misrepresenting what Senor has said. I have been "worried" about a big decline and still do, I have not been predicting one. I still think this is a correction and prices go norte. I for one like to have a level where I say I say I am wrong and am willing to change my opinion, do you have such a level here you say your bullish outlook is probably wrong and you exit to limit losses?

NO BS

Senor

senor, as you know i have been in gold for years now, and will continue to be so. i trade w/a small percentage of my account. from my experience, 30years, bull markets end in a parabolic blowoff. @the top everyone wants whatever it is , and gold will be no different. i have done well following this strategy, which as a former commodity trader , cta, and money manager this is not my usual mo. but, one i have adopted from the onset of my involvement in this bull. i do expect volatility to increase w/huge swings in both directions. my last physical buy was 550. this is a process which i believe will take 6 more years or so to complete. i appreciate your trading style, its not one that i am employing . i only trade 20%of my account. and i suspect after a larger correction in 10 my trading will even be less.
dharma

You still have not answered my question if you have an exit point? Would you ride this all the way down to 650 if it went there? Just askin

NO BS

Senor

we will see when and if that situation arises.
its not a cut and dry and answer
the economic backdrop comes into play
right now the currencies are in an economic war to devalue, its a race to the bottom
during the depression there were economic battles, and we have that again right here
if i bail.i will announce it here.
dharma

[senorBS]

xau/hui showing hourly divergences.
so are many stocks
i am buying only junior, they are holding fairly well
this looks like the end of A to me
dharma

That's the bullish hope, better bounce muy rapido or we flush mucho more. Just watching.

BSing away

Senor

1075ish is the max that i see. this correction will be finished before months end.
i have been wrong before, but i dont think the top is in. yes, 1224(nice call jimmy sinclair) was a top. but , this leg
has more to express.
just my 2c
dharma

Interesting as that level is Senor's fail safe price point, if you go below there IMO all upside bets are off and a grande decline becomes more possible. My 2 centavos

Senor

yes, you have been looking for a big decline.
surprises in bull markets are to the upside.
seasonally this is abullish time of year
my cycle work does not call for a top till 10
of course, the markets have a way of making us all look stupid from time to time
but, i have to express what i think. and its higher and probably alot higher.
dharma

Amigo you are misrepresenting what Senor has said. I have been "worried" about a big decline and still do, I have not been predicting one. I still think this is a correction and prices go norte. I for one like to have a level where I say I say I am wrong and am willing to change my opinion, do you have such a level here you say your bullish outlook is probably wrong and you exit to limit losses?

NO BS

Senor

senor, as you know i have been in gold for years now, and will continue to be so. i trade w/a small percentage of my account. from my experience, 30years, bull markets end in a parabolic blowoff. @the top everyone wants whatever it is , and gold will be no different. i have done well following this strategy, which as a former commodity trader , cta, and money manager this is not my usual mo. but, one i have adopted from the onset of my involvement in this bull. i do expect volatility to increase w/huge swings in both directions. my last physical buy was 550. this is a process which i believe will take 6 more years or so to complete. i appreciate your trading style, its not one that i am employing . i only trade 20%of my account. and i suspect after a larger correction in 10 my trading will even be less.
dharma

You still have not answered my question if you have an exit point? Would you ride this all the way down to 650 if it went there? Just askin

NO BS

Senor

we will see when and if that situation arises.
its not a cut and dry and answer
the economic backdrop comes into play
right now the currencies are in an economic war to devalue, its a race to the bottom
during the depression there were economic battles, and we have that again right here
if i bail.i will announce it here.
dharma

What does that mean "we will see if and when the situation arises"? You provided nothing but economic stuff, I am looking for price levels that can alert the many lurkers here that your very very bullish outlook might be wrong and they should perhaps take some action. I am surprised by your answer.

Senor

[dharma]

that is what i feel to answer @this time, i am under no obligation to answer questions ride the bull dharma

[senorBS]

that is what i feel to answer @this time, i am under no obligation to answer questions
ride the bull
dharma

Okay, thought it was a simple question that many would appreciate an answer to.

NO BS

Senor

[dharma]

ok for you folks keeping score @home. i will post when we are there for me dharma

[dougie]

< agree Dharma that it's still a but the dips gold market, if gold drops below 1070 though I change my tune.> senor bs so, senor, i guess that may change your tune was just that, a may not a will.... curious what level you would change your tune?