Member
Posted 08 May 2016 - 08:28 AM
As far as I am concerned testing again the 1,300 level could/should be expected soon and then I will see.
How this probing is handled and what it may reveal will tell me something perhaps.
No action on my part and staying conservatively long (relative to my standards) for now.
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
Member
Posted 08 May 2016 - 08:51 AM
BTW, whilst I do not wish to be involved to the discussion whether DUST with its posiible consecutive reverse splittings
will become the blood brother of FAZ, I certainly do not think that it is a perpetual GDX put option with no expiration.
The potential long term negative returns together with the compounding mathematics onvolved prove otherwise.
DUST now is just for short term trading for a correction agaist the bigger trend and these corrections need perfect timming.
JMHO
-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
Member
Posted 08 May 2016 - 09:14 AM
Jack Chan, Martin Armstrong and Mahendra the Prophet who was shouting for many weeks now
that Gold will not move above $1,250 this year, are still not long.
Interesting it will be to see when they throw in the towel.
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
Member
Posted 08 May 2016 - 11:57 AM
tria
"Jack Chan, Martin Armstrong and Mahendra the Prophet who was shouting for many weeks now
that Gold will not move above $1,250 this year, are still not long.
Interesting it will be to see when they throw in the towel."
Gotta love it! The more bears the better is how I see it. Now I am fully invested in the PM miners portion of my portfolio. Still looking for $1300 or higher in gold before this rally is done.
Thanks for your humble opinions and commentary. I very much appreciate your views and feel certain that others do as well.
Best to you. 
Tim
Posted 08 May 2016 - 02:48 PM
the street, retail, and jewerly store gold will be gone almost overnight when they figure it out too late.
thats why my cycles told me ot methodically buy truncating lows over two years because I would hate to
be in a panic chasing price, where would the capital come from all at once, it had to be methodical. But I would
hope for some pullback in mining this week to add to the 401k which is only 5% gold.
It would have to be next week or not at all just a potential for it in my cycles that has not occurred yet and
maybe running out of time to occur.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
Member
Posted 09 May 2016 - 06:02 AM
Early Monday weakness was expected.
What is not however is for it to continue all day and/or for the rest of the week.
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
Volume Dynamics Specialist
Posted 09 May 2016 - 08:11 AM
Gold is in the bounce area here... if it fails 1251 is calling...
Member
Posted 09 May 2016 - 08:53 AM
Bought the1,263 and a bit more aggressively the Silver 16.95 since I was a bit underweight in Silver.
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
Member
Posted 09 May 2016 - 08:58 AM
I don't have to chase up the Gold mkt now,
Gold's price has to chase me down if it so wishes.
Edited by tria, 09 May 2016 - 08:58 AM.
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
Member
Posted 09 May 2016 - 09:00 AM
Hey tria, what are your thoughts on FCX here?
