18 replies to this topic

[tria]

1, Gold is LOWER than it was in January and not higher.

When you are talking about inflows/ outflows, you are talking "multi-year" and when you are talking about price, you are comparing to past 2 months. Gold has barely budged in price. Do you understand?

2, When GLD shares are sold they have to sell physical bullion I believe,

"sell physical bullion" to whom? Doesn't it mean someone else is buying? If someone is buying, then what is the problem of "nobody buying Gold" here?

Conclusion is that the inflow/outflow factor has a lot to do with price action.
Finally, let the price do the talking and we do the trading, each one of us using the tools that serve/help him best.

-tria

You "concluded" but like I demonstrated again, it is an invalid argument.

The GLD outflows tool place during the last 2-3 months and the price cash of Gold has declined accordingly. The tonnage held by the GLD ETF dropped to multi-year lows, I don't have the exact figure since it is not a timming tool but just an observation od the prevailing bearish atmosphere now. The buyers were physical buyers as the price was dropping

The mass exodus out of paper gold has held the 13DEMA at 0% since February 28th. This is the lowest reading since the inception of the gold ETF and gives new meaning to an old phrase "get me out at whatever the cost."

Chart: London PM Fixed Gold and GLD (ETF) Total Assets WA Stochastic Exponential Moving Average (13DEMA)
http://3.bp.blogspot...00/GOLD TA3.PNG
Click on the chart to enlarge

I am not bullish or bearish, unlike you I am a trader in Gold for the past 37 years and looking for a rebound at least.
I believe we are in a trading range till proven otherwise.
If I am wrong I have my stops at much much higher levels than yours.

If I have presented to you an invalid argument Sir, so be it, kindly forget about it.

Have a nice weekend,

-tria

[DrSP]

Fairness to your argument, Tria. Good luck!

[dougie]

"Mine is to sell in cascades based on levels broken downward" Hmm, i thought the idea was to buy low and sell high but if you prefer to sell as we move lower fine

[DrSP]

"Mine is to sell in cascades based on levels broken downward"
Hmm, i thought the idea was to buy low and sell high
but if you prefer to sell as we move lower fine

Once the selling starts, it doesn't stop. I have my stop at 1450. That is where the selling starts and will continue with each level of 200$ up or down until I have sold everything. 1450$ is where I decide to sell, but from there the market will decide my profits. 1250$ or 1650$ would be the next sale. If it is 1650$, then 1450$ or 1850$. It goes on like that....

[dougie]

OK, so you are long, will sell at 1450, and are happy to talk the marketdown to that level

[DrSP]

OK, so you are long, will sell at 1450, and are happy to talk the marketdown to that level

Like I said above, I cannot label a tiger as sheep and sell it to you. The charts show me as it is. Regardless of whether I am long, short or neutral, I read the charts like they are.

I am long Gold from quite a bit of a low prices. I am looking for a catalyst to open an opportunity to sell and close the trade. In other words, I am impatient with this "trading range".

I don't pump the prices like some ponzis on this board do. I am not that kind of a person.

[Psycho]

Long or short, if you bought high or low or looking for an entry or exit point is to each his own. If your posting here you have made your bets already. I bought from 2000 all the way thru to the drop in 2008. Since then moving smaller amounts in and out on the dips/peaks. I believe we have had a huge increase the last 12 years, but nothing compared to what is going to happen over the next 4 years. The amount of money entering the economy is going to distort everything. I am not going to be on the sidelines for this move. I will be damned if I am going to miss this move and sell my gold, silver and miners to some banker.

Edited by Psycho, 16 March 2013 - 09:22 PM.

[DrSP]

I have a weekly buy signal on Gold for my system . Should it fail or reverse, I will let you guys know. The signal will only be confirmed at the end of the week though.

[Psycho]

I have a weekly buy signal on Gold for my system . Should it fail or reverse, I will let you guys know. The signal will only be confirmed at the end of the week though.

I would buy but am already all in. But glad to hear some good news. I would like to see a good jump to free up some for late summer buying. Need to get back into Natgas.