96 replies to this topic

[senorBS]

"because if it rallies as high as 161 then that is really going to make this hombre think the entire correction from the dec. 2010 top at 232 is DONE."
Why Senor?

Buying the .618 retrace looks like a good bet for a trade. An obvious target looks like the 162 area (basis XAU) in the next few weeks/months. If it gets there it may be a good short if things set up.

Kimston

I just can't agree with that because if it rallies as high as 161 then that is really going to make this hombre think the entire correction from the dec. 2010 top at 232 is DONE. in the fullness of time

we are getting way ahead of ourselves however, I'll be thrilled with a rally to XAU 161!

Senor

cause we hit the .618, if it rallies to 161 it will really make it look like two yr plus correction is over and we may be headed norte to new highs. There is of course no certainty but I'd say it would be a bueno bet. we have had TWO grande corrections in this bull market, one into 2008 low and now, my contention is new all time highs could easily result from this low, we see

Senor

[tria]

tria: nice call on turn dates!
But i seem to recall you saying a late march dip?

Dougie,
I am thinking of a high in Gold between March 16 to March 23 and then a correction/drop in Gold.
That is all for the moment and may have to revise come next Monday morning.

-tria

[tomterrific14]

Buying the .618 retrace looks like a good bet for a trade. An obvious target looks like the 162 area (basis XAU) in the next few weeks/months. If it gets there it may be a good short if things set up.

Kimston

I just can't agree with that because if it rallies as high as 161 then that is really going to make this hombre think the entire correction from the dec. 2010 top at 232 is DONE. in the fullness of time

we are getting way ahead of ourselves however, I'll be thrilled with a rally to XAU 161!

Senor

In at 5.48 on NUGT, impressive volume off the bottom...let this hombre know when you trade out...saw tria's chart and just had to buy......a V bottom would serve the short sellers right for overstaying their market..and now if NUGT gaps up and has another big up day, the longs will be locked out of the market ,unless they are willing to pay up and chase.......

[bunker]

these lows should get a retest in time I think but this was as good a place as any to turn
and sentiment is in the toilet
just ask me

the decline has beaten the livin daylights of almost any remaining bull, despair and disbelief reign supreme as they should if there is a chance of a grande bottom. Uno day at a time for sure! If a bottom is here then the trade of the year has arrived - uno day at a time once again and with stops!!!!!

BSing away

Senor

There should be no retesting for sometime to come at least.

http://1.bp.blogspot...600/HUIlog1.png

Furthermore today's largest daily candle on GDX since Sep 13th 2012 that also comes on a day where new 4 year low were made, may mean something for a change.

-tria


-tria

Yes, Tria, saw this coming yesterday

http://www.traders-t...?...&pid=648960

[senorBS]

bueno early follow thru - looooooking good Senor

[tomterrific14]

bueno early follow thru - looooooking good

Senor

promising open on NUGT, but GLD is down .09.....encouraging that UUP is down

http://stockcharts.com/h-sc/ui?s=uup

[senorBS]

bueno early follow thru - looooooking good

Senor

promising open on NUGT, but GLD is down .09.....encouraging that UUP is down

http://stockcharts.com/h-sc/ui?s=uup

if it absorbs this selling after the opening and rally continues norte then that would be another bullish sign, if not and we sell off hard then it's worry time, we see

Senor

[tomterrific14]

bueno early follow thru - looooooking good

Senor

promising open on NUGT, but GLD is down .09.....encouraging that UUP is down

http://stockcharts.com/h-sc/ui?s=uup

if it absorbs this selling after the opening and rally continues norte then that would be another bullish sign, if not and we sell off hard then it's worry time, we see

Senor

Gold playing ping pong between 1585 and 1570 over the last few days...need it above 1585 for rally in NUGT to continue

[RagingSpartan]

watch the hard asset currencies. the canadian dollar will tell you the direction.

[tomterrific14]

watch the hard asset currencies. the canadian dollar will tell you the direction.

http://stockcharts.com/freecharts/gallery.html?$CDW