bottoming?
#11
Posted 09 September 2014 - 02:27 PM
#12
Posted 09 September 2014 - 02:55 PM
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#13
Posted 09 September 2014 - 03:05 PM
as i posted yesterday fridays hgnsi was quite heavily bearishWhat does Gold do from here? Possibilities to ponder:
1. This is a very, very deep retracement of the rally from June to July (1240-1345) and is done - is anyone at all buying here?
2. we are still correcting a 5-wave rally from last Dec to March (1182 -1388) and need to at least take out 1240 before that is complete
3. We are going to major new decline lows below 1180
I have no strong inclination at this time
Senor
there are hourly divergences from oversold in gld , gdx , gdxj
it looks to me like we are bottoming.
i am buying faz, as i do think the broad market is @an extreme
the news out of japan=gdp collapses- 7.1%
germany has a trade surplus, but slip sliding away
and the rest of europe is in recession.
it looks to me like gold is bottoming or has bottomed
i have bought more juniors. confidence is not high. they are so close to testing the 1240 lows, last lows
1230ish is the .76 retracement and then the double bottom.
so , i am squeamish, but long.
dharma
Edited by dharma, 09 September 2014 - 03:08 PM.
#14
Posted 09 September 2014 - 03:10 PM
as i posted yesterday fridays hgnsi was quite heavily bearishWhat does Gold do from here? Possibilities to ponder:
1. This is a very, very deep retracement of the rally from June to July (1240-1345) and is done - is anyone at all buying here?
2. we are still correcting a 5-wave rally from last Dec to March (1182 -1388) and need to at least take out 1240 before that is complete
3. We are going to major new decline lows below 1180
I have no strong inclination at this time
Senor
there are hourly divergences from oversold in gld , gdx , gdxj
it looks to me like we are bottoming.
i am buying faz, as i do think the broad market is @an extreme
the news out of japan=gdp collapses- 7.1%
germany has a trade surplus, but slip sliding away
and the rest of europe is in recession.
it looks to me like gold is bottoming or has bottomed
i have bought more juniors. confidence is not high. they are so close to testing the 1240 lows, last lows
1230ish is the .76 retracement and then the double bottom.
so , i am squeamish, but long.
dharma
"Squeamish but long." Best chance of being right.
#15
Posted 09 September 2014 - 03:21 PM
the interesting thing is in dollars gold took a hit , in yen/euros not much happened(senor pointed this out)
have we turned?
read a piece by the ceo of goldcorp . he thinks we are @or close to peak gold. world is running out of everything
dharma
#16
Posted 10 September 2014 - 09:51 AM
#17
Posted 10 September 2014 - 09:59 AM
#18
Posted 10 September 2014 - 12:12 PM
#19
Posted 10 September 2014 - 01:24 PM
#20
Posted 10 September 2014 - 03:04 PM
http://www.marketwat...p;utm_source=tf
dharma
Edited by dharma, 10 September 2014 - 03:06 PM.