Member
Posted 09 May 2016 - 09:13 AM
Hey tria, what are your thoughts on FCX here?
B-C, had a quick look and FCX seems trying to form a reverse H&S formation.
Below $10.00 looks OK to me but even a double bottom can not be ruled out.
Just my opinion and I do not follow it daily but only weekly.
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 - 09:18 AM
Thanks! I think right around 10 would be about a 38% retrace from Jan. low to recent high also.
Member
Posted 10 May 2016 - 06:28 AM
Dennis Gartman: still buying gold
Member
Posted 10 May 2016 - 10:12 AM
Dennis Gartman: still buying gold
contra indicator!?
dharma
Member
Posted 10 May 2016 - 10:16 AM
yes big time with oil and spx, so probably being used by the masters for false info ;-)
Member
Posted 10 May 2016 - 11:24 AM
yes big time with oil and spx, so probably being used by the masters for false info ;-)
he is so visible , i take him as a fade also
dharma
druckenmiller on the other hand has made 30% for 30 years he is not a fade
"Some regard it as a metal. We regard it as a currency, and it remains our largest currency allocation." may 4th
Member
Posted 10 May 2016 - 01:17 PM
I must see the Gold futures OI decrease next few days to indicate ST short covering and
stop loss selling for me to become more optimistic than I am allready.
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 11 May 2016 - 01:20 AM
For 2 days in a row Puts were running higher than Calls in the GLD, this is good.
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 11 May 2016 - 06:54 AM
Sold some Gold at 1,278.00
Was a bit overexposed in Gold since late Monday, so money management decision.
Waiting out of curiosity to see what Hadik means by a sharp and lasting 1-2 weeks
Gold and Silver sharp sorrection. Suggesting to buy the 1,250 puts implies that he
is looking for a lower possible target soon. (I am not a subscriber so not sure of what
he expects).
Not selling any Silver by any means however, not sure if it drops below the $16.00
level again in May.
Edited by tria, 11 May 2016 - 06:58 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
