commercials covered shorts as of tuesday
http://news.goldseek.../1409340736.php
it is getting more in line.
i expect more of the same this week
dharma
the next leg
Started by
dharma
, Aug 14 2014 10:42 AM
63 replies to this topic
#42
johngeorge
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Posted 01 September 2014 - 05:20 PM
"commercials covered shorts as of tuesday
http://news.goldseek.../1409340736.php
it is getting more in line.
i expect more of the same this week"
dharma
Going back to the daily $BPGDM chart it certainly is looking very bullish. I do believe you are right on. I am well positioned for a rally in the miners.
http://news.goldseek.../1409340736.php
it is getting more in line.
i expect more of the same this week"
dharma
Going back to the daily $BPGDM chart it certainly is looking very bullish. I do believe you are right on. I am well positioned for a rally in the miners.
Peace
johngeorge
johngeorge
#43
dharma
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Posted 02 September 2014 - 09:25 AM
is todays, action more in line w/the pre jobs report?! last month there was a decline leading into the jobs report, is this more of the same.?
i dont have answers, but it seems this consolidation, if that is what it is , is getting long in the tooth.
the gann guy thinks its approaching being historic http://www.ganngloba...9a816772f93b5e4
i am trying not to get ahead of the market, and just being reasonable in my long approach
it seems the chinese are getting quietly longer. http://www.bloomberg...ase-demand.html
staying in the present here and gold is under duress. oscillators are approaching or @levels from where rallies occur
dharma
i dont have answers, but it seems this consolidation, if that is what it is , is getting long in the tooth.
the gann guy thinks its approaching being historic http://www.ganngloba...9a816772f93b5e4
i am trying not to get ahead of the market, and just being reasonable in my long approach
it seems the chinese are getting quietly longer. http://www.bloomberg...ase-demand.html
staying in the present here and gold is under duress. oscillators are approaching or @levels from where rallies occur
dharma
#44
dougie
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Posted 02 September 2014 - 12:31 PM
seems most of us are positioned for a rally and only one person here has consistently been posting on the right side of the trade, short and that is TT
#45
dougie
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Posted 02 September 2014 - 12:37 PM
The Yen getting Sh#$hammered is making this tough sledding
#46
dougie
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Posted 02 September 2014 - 12:48 PM
I can only see one period of time when the weekly full stochs crossed own on GDX that did not lead to a full on sell off for months and that was second half 09
those are NOT good averages
#47
dharma
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Posted 02 September 2014 - 01:16 PM
until today, the miners had been up every day. or @least my account had been
dharma
#48
dharma
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Posted 02 September 2014 - 01:35 PM
intermarket divergences gdx low on the 25th gld low today
i am waiting to see if we can get a rally, then a lower low on gld.
in short looking for hourly divergences
dharma
#49
dougie
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#50
dharma
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Posted 03 September 2014 - 09:56 AM
well the banksters have brought back the 2am bombing run, pulled it to the surprise of the market again.
i am looking @the weekly chart of gold, where there is a large inverse h&s pattern
that is the dominant pattern, it has not been activated yet, that would take a move above the neckline.
if the market craps out from here and new lows are put in, then it was just a drawing. nothing more
i would think yesterdays bombing run allowed the banksters an opportunity to cover shorts.
there are intermarket divergences ie gold made new lows for the move while the miners did not
i want to see hourly divergences. just waiting.
dharma
