i hate to say it guys, but it looks like gold is heading towards a huge final washout to slightly under $1000, buying opportunity of a lifetime coming up....
Sold out
Started by
tria
, May 17 2015 05:22 PM
26 replies to this topic
#21
tradesurfer
-
- Traders-Talk User
- 2,944 posts
Member
#22
tria
-
- Traders-Talk User
- 2,325 posts
Member
Posted 22 May 2015 - 09:02 AM
Will believe it if I see it, Tradesurfer.i hate to say it guys, but it looks like gold is heading towards a huge final washout to slightly under $1000, buying opportunity of a lifetime coming up....
The Central Banks do not wish yet another haircut in their holdings and Asia is a willing physical cash buyer.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#23
tria
-
- Traders-Talk User
- 2,325 posts
Member
Posted 22 May 2015 - 09:17 AM
The cycles:
http://stockcharts.com/h-sc/ui?s=$GOL...7&cmd=print
http://stockcharts.c...a...8&cmd=print
http://stockcharts.c...a...5&cmd=print
http://stockcharts.c...p...7&cmd=print
All or most of the charts by Eddie (T-theory forum member)
-tria
http://stockcharts.com/h-sc/ui?s=$GOL...7&cmd=print
http://stockcharts.c...a...8&cmd=print
http://stockcharts.c...a...5&cmd=print
http://stockcharts.c...p...7&cmd=print
All or most of the charts by Eddie (T-theory forum member)
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#24
tria
-
- Traders-Talk User
- 2,325 posts
Member
Posted 22 May 2015 - 09:43 AM
4th hourly RSI positive divergence in 4 consequent days.
It is next Tueday’s June’s overcrowded futures OPEX that keeps me only 1/2 long.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#25
dougie
-
- Traders-Talk User
- 9,052 posts
Member
Posted 22 May 2015 - 11:59 AM
Thing is why would that gift be made so easily and telegraphed by so many?i hate to say it guys, but it looks like gold is heading towards a huge final washout to slightly under $1000, buying opportunity of a lifetime coming up....
Either we are heading MUCH lower or not at all imo
#26
tria
-
- Traders-Talk User
- 2,325 posts
Member
Posted 22 May 2015 - 02:47 PM
Not a good COT report at all.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#27
Russ
-
- Traders-Talk User
- 7,196 posts
Member
Posted 22 May 2015 - 03:49 PM
Yes Tria, COT not looking bullish, commercials (who are usually right) are getting ready for a washout. The small bulls and specs are the ones who are pounding the table dougie, look at the cot chart...
Dust looks like a double bottom with a bull flag that is starting to break out from its top line...
http://stockcharts.c...32327603066.png
Dust looks like a double bottom with a bull flag that is starting to break out from its top line...
http://stockcharts.c...32327603066.png
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"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/
"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/
