Member
Posted 09 May 2016 - 09:29 AM
"Some regard it as a metal. We regard it as a currency, and it remains our largest currency allocation." - Stan Druckenmiller, May 4, 2016.
i am looking for strength to develop @ some point this week. tomorrow is the bradley. i think we are in C of the correction here. entered into C on friday. could be in 3 of C .
commercial short position coupled w/the large spec long position is troublesome. next button i hit is sell
dharma
Member
Posted 09 May 2016 - 10:02 AM
how long would you expect it to take for the large spec position to be unwound?
if next button is a sell, what timeframe are you looking to buy
thank you
Member
Posted 09 May 2016 - 11:02 AM
one step at a time. i dont think we have topped yet. i do see strength into late june. all of the excess can be unwound quickly w/20 +down days. it doesnt need to be unwound until there is a top. lots of circumstances still to be unveiled. as a minor note some of the names on the panama papers will be unveiled today. are the clintons on this list? will they be unveiled.? i can only deal w/the present market. my mind can imagine anything. i will say i see cycle weakness into oct/nov from a june high. should it play out like that
dharma
Edited by dharma, 09 May 2016 - 11:07 AM.
Member
Posted 10 May 2016 - 01:12 AM
Hadik seems to be calling for a Sharp short sell off in metals here
Member
Posted 10 May 2016 - 01:34 AM
from 1-2 weeks to one month long
Could get ugly here
Member
Posted 10 May 2016 - 01:38 AM
on the other hand, gold might have just completed an abc down to retest the BO line
Member
Posted 10 May 2016 - 10:37 AM
hmmm i didnt interpret him that way!
i am looking for a low in this period and then a rally the previous high of 1307 and then 1320 are the #s that need to be taken out
today is the bradley
ok we see
dharma
Member
Posted 10 May 2016 - 03:17 PM
bradley
and reversal day
lets see if it has legs
dharma
