18 replies to this topic

[Russ]

Gold is boxed between its downtrend and uptrend lines, some of my other work argues that gold and silver should rally into this summer, after which the bears may gain some serious traction. There remains the possibility that Gold will go down into the peak of the pi cycle high in 2015.75 before heading for the upper gold trend-line into the $5000 area.
http://4.bp.blogspot...n81s/s1600/Gold





Xau a/d line has broken it recent downtrend.
http://www.masterema...eclineChart.bmp

Edited by Russ, 29 March 2014 - 10:43 AM.

[Russ]

Please feel free to post other charts onto this string.

[stubaby]

Please feel free to post other charts onto this string.

Lot's of reasons for Gold (and Miners) to "stop here" or slightly lower - for sure:

http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=0&mn=8&dy=0&i=p25088046567&a=280889610&r=7199.PNG

stubaby

[Russ]

Interesting chart Stu, I hadn't noticed the parallel line you drew above the recent support line, I did hear one good analyst called Ross Clark on a radio show today who is looking for 1262 which is of course the next fib level on your chart and Armstrong thinks its going lower as it has had a weekly closing below 1308.

I am taking the liberty of posting Chilidawg's chart on this string too, which I think is also a good chart with some unique ideas, also I am posting a chart from another site http://econocasts.blogspot.ca/ mentioned in the post above this one by Lee.

[Russ]

Here is a gold chart that was posted on his silicon investor site by Don Walanchuk aka da_cheif , he thinks gold is ready to rock, of note is that the lower band is the next major support that Armstrong thinks it could go to...


http://stockcharts.c...78453&r=884.gif

Edited by Russ, 29 March 2014 - 05:12 PM.

[Russ]

Improved version

[dharma]

lots of great ideas? none on how to make a buck long/short in this market. i have added into the close friday and have some fire power should it continue, if not i buy on the pullback after the rally. the miners .618 gold .382 correction. looks about cooked dharma the indian elections are a major factor coming up on the 7th if modi wins, the indians will buy all your miners produce. they were the #1 gold buyer in the world. before the banksters reached in low risk area here. russ , seems marty can talk out of both sides of his mouth. if it does in fact go up, will be interesting what he says back in the day "you know who" was the man!

[Russ]

Dharma,

yes lots of ideas, good to look at things from both sides. MA always has both support and resistance numbers, hence his latest... "The weekly closing today below 1308 was bearish and support now lies at 1280 and 1240. As we warned at our conference, new lows are still likely to be seen in gold. Resistance should now start at the 1309-1311 area." If memory serves correctly, I think he was getting bullish just before it peaked in mid March. Not sure what you mean about 'you know who' (name being blocked by this site perhaps?) being the man?

lots of great ideas? none on how to make a buck long/short in this market.
i have added into the close friday
and have some fire power should it continue,
if not i buy on the pullback after the rally.
the miners .618 gold .382 correction.
looks about cooked
dharma
the indian elections are a major factor coming up on the 7th if modi wins, the indians will buy all your miners produce.
they were the #1 gold buyer in the world. before the banksters reached in
low risk area here.
russ , seems marty can talk out of both sides of his mouth. if it does in fact go up, will be interesting what he says
back in the day "you know who" was the man!

[Russ]

Golden Ratio article, giving next August as a key date....

http://moneytalks.ne...lden-ratio.html

[dharma]

Golden Ratio article, giving next August as a key date....

http://moneytalks.ne...lden-ratio.html

thanks russ interesting article
i was referring to the chief
dharma