58 replies to this topic

[tria]

GDX is Numero Uno in the Money Flows-Buying on Weakness list so far today.

http://online.wsj.co...-moneyflow.html

-tria

Edited by tria, 29 October 2015 - 08:53 AM.

[tria]

As trading time passes today the chance of a new daily low is exponentially reduced imo. An hourly positive divergence was observed at the low. -tria

[Smithy]

Tria, what is your longer term outlook for gold? Thanks for all your posts.

[tria]

Tria, what is your longer term outlook for gold?

Thanks for all your posts.

Smithy, I am a long term Gold but then again I live in a Country that is caput=bankrupt and so are our systemic big banks.

Gold owes nothing to anyone, it is debt free.

As Armstrong suggests, Gold will blast off only when we see the overall CONFIDENCE in government collapse. It is not yours or mine that needs to be lost, but that of the general public. I have allready lost mine.

There is a War cycle coming up as well, a few observers/gurus suggest.

-tria

[tria]

Added 1/4th Silver @ $15.56

[tria]

Didn't get a fill on GCZ15. Wished to buy below $1,147.00 Consequently I closed 1/2 of the short GCZ15-strike 1,170-calls. Sold them on 9/24 for $27.00 credir premium Bought them just now for $7.90

Edited by tria, 29 October 2015 - 12:10 PM.

[dougie]

Nailing it!

[tria]

Impatiency won the day and went to mkt. Bought 1/4th GCZ15 @ $1,147.60 Now 3/4ths long GCZ15 The next level of interest if approached is the $1,130 area, the apex of the pennant and timewise very very early November. -tria

Edited by tria, 29 October 2015 - 12:29 PM.

[tria]

Bought last 1/4th $1,146.20 and calling it a day. Now fully long in both the "barbarous relics". Crispy aromatic duck is waiting. -tria

[tria]

Nailing it!

Not me Dougie, the option writers are nailing it and mostly they try to suck our blood.

They managed to drop the end of the month GLD-strike 110- from testerday's high of $3.00 to a mere $0.23

110 GLD translates to about $1,149.00 in spot Gold and hence my interest to buy at these levels.
Fortunately there are many puts oustanding with 110 and 109.5 strikes and hence imo not much downside tomorrow either.

One needs to have a devious mind in order to succeed short term with leveraged positions.
This is what I have come to believe.

-tria

Edited by tria, 29 October 2015 - 01:46 PM.