25 replies to this topic

[tria]

Last week's potential strength was wasted.

Coflicting signals makes me think of more sideways action for now and

an early week dip is a strong possibility.

No action on my part and still remaining a cautious bull no matter if the

downside could be near the $1,120 level in Gold next month.

[tria]

What seems peculiar to me is my observation that Block traders accumulate

Gold or the GDX on some small weakness and after only a couple of days

they distribute it on a mere 0.50% rise.

 

This is no time for one to be hero one way or the other imo but time to relax and

to enjoy the last days of Spring.

[crossd]

..someone said awhile back that there was a 22 week cycle in gold..then someone said that Armstrong said 16 weeks works for tops..

 

from the August  2015 low gold bottomed Dec 7th week 2015..19 weeks..22 weeks from there puts us at May 13th week..

 

5/10 bottom rigth on schedule IF it can hold..

 

donc..no gold position

[tria]

At times like this it is better to say nothing but I will say something.

The GDX, GLD and SLV May opex OI situation, suggests going shaply to

nowhere in a hurry in May. Very narrow trading is my view if pressed to say

something. If not beeing pressed, I would have said nothing.

 

Enjoying the splendid local weather before the 2016 summer strong heat waves

hit both Europe and the USA. I better get more Grains in my pocket, some more

Coffee too (on price corrections).

 

[tria]

The bottom of the price range as suggested by the month of May OI max-pain situation could be :

Gold=1,265,

Silver=16.75

GDX=24.00-23.50

 

The high side of the range, you probably saw it yesterday.

 

Anything below or above this 2 last weeks of May potential range, may surprise me.

Edited by tria, 17 May 2016 - 08:14 AM.

[tria]

Deciding not to play the range for the rest of May, may have the benefit

of remembering some oldies but goodies charts such as this one.

 

(Gold's price is invinsible)

Those who bought near the Green ema, hold on for dear life, long term.

Those who are out, pray and try to buy as near as the ema as possible.

Those who are short pls remember that every brother, sister and cousin

are all looking for a strong correction. Your time may come but not now.

A few are outright bears. Good luck 2 U. 

 

Edited by tria, 17 May 2016 - 09:34 AM.

[tria]

Same story, some GDX block-traders distribution is noticed again today.

When I kindly enquired whom specifically to blame for it, the answer was

something like its dodgy or do_gie, 

[tria]

For the poor Europeans Silver has done absolutely nothing (in broad terms) for

the last two and a half years apart from penetrating the weekly 120-sma recently.

Promises, promises...

 

Much better result so far than the USD investors however.

 

[dougie]

Same story, some GDX block-traders distribution is noticed again today.
When I kindly enquired whom specifically to blame for it, the answer was
something like its dodgy or do_gie, 

.???

[tria]

Have you finished with your distribution, so a correction may develop Dougie ?

Inquiring minds want to know !

 

Forgive my humor Dougie