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#171 dharma

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Posted 14 August 2012 - 11:11 AM

computer problems this am !@##%%##%^&$ well we see effective the banksters can be @controlling libor. amazingly someone blew the whistle. its all painted pictures anyway. now take a look @ the gold market. amateur technicians point to the pennant and say this is a bullish pattern. and i say yes, its alot of bull. we have yet to take out a previous high. the oscillators keep rising, and no upside headway takes place. we are approaching a bullish time band for the metals, starting aug 24th . the market needs to take out the 1681 and then 1700 other wise this is all noise and the lows will be tested. i am not impressed w/the action to say the least. if i jump out to a weekly or monthly chart, this is all just another consolidation in the bull market, which in the past has led to higher prices. my sense is there is growing distrust. that will lead to higher gold prices. and loss of control, but that is down the road. in the short term, they tried to knock gold on its butt, only to be met w/strong defense of the 1600 support level. a reversal day would be a strong indication that this correction has breathed its last, in the short term here. i dont know when the storm hits, the winds are blowing, but the sails have yet to bellow out. rest up, you will need it down the road. now the euro , never had a defining climax. it hit the skids, but never saw a final capitulation. it is of course being well defended. dharma

#172 stubaby

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Posted 15 August 2012 - 10:30 AM

Another one "bites-the-dust":


http://stockcharts.c...45013&r=363.png

GBG Quarterly News Release

The house is being "cleaned-out"!

stubaby B)

#173 dharma

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Posted 15 August 2012 - 10:46 AM

yes, it is stubaby, setting up the next phase. mergers and acquisitions the overall pattern that formed off the highs in gold is quite constructive. this move since the lows does not look bullish. what i do see is apathy and boredom in the sector spanish and italian bond yields fell yesterday. gold sentiment still remains quite negative hgnsi -2.3% and market vanes bullish consensus is 58% gold still staring up @the 1630 resistance. china, japan, europe, and the us mired in a sluggish economy. when does someone act.? bull markets dont end w/a whimper, this one is far from over. alf's expertise is elliot wave, he is looking for 3of 3 . i am looking for wave 5 here. in the meantime the debt keeps rising. the drought continues, the mighty mississippi is 15' below normal. and the saber ratting continues in the middle east. soros and paulson substantially increased their positions in gld. for us we want to take delivery, let the big guys buy the gld. when the really big guys entered the room against the hunts, the hunts walked away alot poorer. patience. saintly patience. dharma

#174 dharma

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Posted 16 August 2012 - 10:20 AM

i am looking @gbg , no action yet, kicking the tires seems broken up, the company is worth more than the current share price. not sure the selling is over though. so just watching the weekly and monthly chart of gold looks like past consolidations. it has a very bullish pennant pattern. the sentiment still remains negaitve. and the bears are growling. there are many shorts in the market. paulson and soros, 2 of the smartest guys around substantially increased their gld positions. the deflationists are pissing into the wind. on the daily charts , we are peering over the triangle. and have formed a bull flag. we are rapidly approaching a bullish time for the metals. the indian wedding season approaches . throwing a curve ball here, as does mars in scorpio. sure there could be a flash crash in the broads, or some surprise could happen to take the broads and gold down. w/the sentiment @negative #s to begin w/, this is not a likely place for a decline to begin. it seems to me the market is under accumulation. mark up is not far away dharma