18 replies to this topic

[barbu]

First time poster in this Board

from somewhere ....
i am a technician, neither bullish nor bearish. but will post some non-TA based perspectives.
when facts change, i change my mind, no ego sticks to the pan

reviews

11/02/15 09:44:08 AM
A potential buy zones for NUGT : (1) 32.8 +/- (2) 25.5-28.5

10/13/15 01:25:33 AM
To be bullish, price needs to close above 1169-1171. if so, imho, there is a 50/50% odd to see 1193-1196, somewhat tight on timing to see 1250

Status

Now, Gold price is jogging in a critical juncture but not yet incurable, refer to the second chart.

Gold Futures - Dec 15 (GCZ5) 1,115.00 +0.90 +0.08%
15:08:41 GMT
http://www.investing...historical-data
http://www.kitco.com....londonfix.html
http://quotes.ino.co...s=FOREX_XAUUSDO

[barbu]

Nov 4 2015, 12:27 PM
Gold price is jogging in a critical juncture but not yet incurable, refer to the chart.

- Gold (Gold Futures - Dec 15 (GCZ5) ) lost an important support 1117 +/-
- The rally since 07/24 is in jeopardy if the following support zone is accessed & lost:

0.764 1104.5 1100.7
0.786 1102.1 1098.2

Note: - session low on 07/24 was 1073.7 (but 1078.6 was an inconsistent number been recorded by different web sites)
http://www.investing...historical-data


London Fix Prices 2015-07-24 1083.75 AM 1080.80 PM
http://www.kitco.com....londonfix.html

[johngeorge]

Welcome barbu Thanks for the chart and analysis. Hope to see more of you in the future.

[barbu]

11/05/15 Gold price is holding at its finest precious moments

Review

08/09/15 08:51:00 PM
from the following charts & re-post, dollar may have reached the strong resistance,

04/29/15 09:45:31 AM

U.S. Dollar: Evidence of Important Top
04/13 - 100.27 (100.27 < 100.78)

status:

- The inverse relationship between Gold price & USD index comes back
- The correlation Comes and Goes, no one knows when it ends for sure.
- Fed Gangs rate hike drama complicates the USD direction
- USD index is retesting the secondary high 98.42 observed on 08/07/15
-
- Gold prices is holding at its finest Precious Moments
- The Gold rally since 07/24 is in jeopardy if the following support zone is accessed & lost:
- 0.764 1104.5 1100.7
- 0.786 1102.1 1098.2

Date___ High__ Low___
Nov 05 1110.80 1102.20
Nov 04 1121.90 1106.70
Nov 03 1134.70 1114.20
Gold Futures - Dec 15 (GCZ5) http://www.investing...historical-data

Dollar index http://www.investing...historical-data

Top : dollar index
Bottom: Gold Future

Edited by barbu, 05 November 2015 - 04:54 PM.

[barbu]

Please refer to the prior post for USD & Gold relationship

Jobs report crushes expectations, unemployment rate plunges to 7-year low
11/06/2015
http://www.businessi...ember-6-2015-11


- "Good" job report triggers USD up whopping $1.23, to test the late April high 100.23 (04/13/15)
- Therefore, Gold dives accordingly, the support is around 1074 - 1079
- It is getting closer to buy NUGT for a short term play, no signal yet, keep watching.


as of 14:48:31 GMT
US Dollar Index - Dec 15 (DXZ5)
99.32 +1.23 +1.26%
http://www.investing...historical-data

as of 14:49:11 GMT
Gold Futures - Dec 15 (GCZ5)
1,087.10 -17.10 -1.55%
http://www.investing...historical-data

[barbu]

Eric Hadik Beginning Nov. 4, 2015 Weekly Re-Lay Alert…

--Gold & Silver Poised for Secondary Low in Nov. 2015;

Released on November 6, 2015
Full text: http://www.consensus...1104tec-itt.htm

[barbu]

Important Timing

11/06/15
- read at you own peril: cycle man says new down phase after middle Dec.

Eric Hadik Beginning Nov. 4, 2015 Weekly Re-Lay Alert…

Released on November 6, 2015
Full text: http://www.consensus...1104tec-itt.htm

On an intra-year basis, the Indices were expected to see competing multi-month moves with the most bearish phase in the center of 2015. [EDIT: see Peter Eliades ]

The next truly bearish period--and more convincing facet of the larger-degree, 2015/2016 Crash Cycles--is expected to take hold after mid-Dec… when the greatest synergy of weekly and monthly cycles enter another down phase.

3-6 month and 6-12 month traders/investors should... [EDIT: reserved for subscriber]

STOCKMARKET CYCLES - Prepared by Peter Eliades

The Cycles
November 3, 2015 Peter Eliades
Stockmarket Cycles

http://www.consensus...1115fc-pesc.htm

Anthony Caldaro Posted on November 7, 2015
https://caldaro.word...end-update-525/

Primary V is currently underway from the August SPX 1867 low.
When Primary V concludes, which could be this year, the Cycle wave (1) bull market will be over, and a Cycle wave (2) bear market will follow.

Edited by barbu, 07 November 2015 - 10:54 AM.

[dougie]

Who is cycleman?

[barbu]

Who is cycleman?

cycle man: Eric Hadik

Eric Hadik’s Cycle Progression™
http://www.insiidetr...Progression.htm
http://www.insiidetrack.com/
http://www.insiidetrack.com/whois.htm

[dougie]

frankly hard to know what he is saying. he said the gold lows were in and was clearly wrong now chaging his tune fast there. I will say he makes some good calls but he makes so many that oddfavor getting some right