25 replies to this topic

[tria]

An ealry but small rebound and then down again imho. No long trading position in Gold yet but a small long Silver trading position was filled @ $16.25 -tria

[Russ]

Tria, Do you have any price and time targets on the gold bounce up or did we already see it this morning? Russ

[tria]

Tria,

Do you have any price and time targets on the gold bounce up or did we already see it this morning?

Russ

Russ,

Tomorrow is March futures OPEX, so pobably they want Gold to close as near to the $1,200 level as possible.
I am afraid that the gold bounce will be short lived, just a few days and with no great potential price wise. JMHO

-tria

[Russ]

Tria,

Do you have any price and time targets on the gold bounce up or did we already see it this morning?

Russ

Russ,

Tomorrow is March futures OPEX, so pobably they want Gold to close as near to the $1,200 level as possible.
I am afraid that the gold bounce will be short lived, just a few days and with no great potential price wise. JMHO

-tria

Should be good shorting opportunity then, perhaps heading into another summer low which should be the final low.

[tria]

Tria,

Do you have any price and time targets on the gold bounce up or did we already see it this morning?

Russ

Russ,

Tomorrow is March futures OPEX, so pobably they want Gold to close as near to the $1,200 level as possible.
I am afraid that the gold bounce will be short lived, just a few days and with no great potential price wise. JMHO

-tria

Should be good shorting opportunity then, perhaps heading into another summer low which should be the final low.

Probably Russ a falling wedge since September 2013???
However do not like the fact that one too many are waiting for the same outcome, thus no shorting for me etheir.
Prefer to go day by day, week by week and watch the COTS, OBV, OI, put/call ratios and other esoteric indicators.

http://stockcharts.c...p...7&cmd=print

-tria

[tria]

Tria,

Do you have any price and time targets on the gold bounce up or did we already see it this morning?

Russ

Russ,

Tomorrow is March futures OPEX, so pobably they want Gold to close as near to the $1,200 level as possible.
I am afraid that the gold bounce will be short lived, just a few days and with no great potential price wise. JMHO

-tria

Should be good shorting opportunity then, perhaps heading into another summer low which should be the final low.

Probably Russ a falling wedge since September 2013???
However do not like the fact that one too many are waiting for the same outcome, thus no shorting for me etheir.
Prefer to go day by day, week by week and watch the COTS, OBV, OI, put/call ratios and other esoteric indicators.

http://stockcharts.c...p...7&cmd=print

-tria

[Russ]

I am still showing Platinum, Copper, Oil forming major lows in the coming months while the US dollar index will form a major high and the Euro should bottom towards the end of this year.

This Platinum chart has very strong confirmed trends on it for a big low this summer, these are confirmed long term trends on multiple time frames which are extremely unlikely to be violated and there is of course Mr. Armstrong's computer which is predicting the same thing and he/it is usually correct.

[Russ]

I have trends on gdx for a high at the end of this week so that seems to fix what you see Tria, that should be followed by a June low for gdx which for gdx is not that confirmed yet but since the other commodities i mentioned are showing lows for this summer then that will probably be correct too. Notice how gdx came to just the top of the first wave up on this latest pullback, so perhaps the final fifth wave up could happen now but there is not much time left as you said so maybe just a test of the Jan high.

[tria]

A small long position in Gold was filled @ $1,196 now. Just for a short term trade or even a day trade. -tria

[dharma]

Tria,

Do you have any price and time targets on the gold bounce up or did we already see it this morning?

Russ

Russ,

Tomorrow is March futures OPEX, so pobably they want Gold to close as near to the $1,200 level as possible.
I am afraid that the gold bounce will be short lived, just a few days and with no great potential price wise. JMHO

-tria

Should be good shorting opportunity then, perhaps heading into another summer low which should be the final low.

Probably Russ a falling wedge since September 2013???
However do not like the fact that one too many are waiting for the same outcome, thus no shorting for me etheir.
Prefer to go day by day, week by week and watch the COTS, OBV, OI, put/call ratios and other esoteric indicators.

http://stockcharts.c...p...7&cmd=print

-tria

tria , what are the lines set @ in this cycle? thanks
dharma