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Gold at the bottom of its recent range


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#1 tria

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Posted 22 May 2016 - 03:51 PM

Gold should rebound and perhaps strongly by midweek.

It may spend the rest of the month between 1250-1270.

 

For those correlating rising interest rates with a weak Gold, here is something

to look at and think about.

 


Edited by tria, 22 May 2016 - 03:59 PM.

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."
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#2 AChartist

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Posted 22 May 2016 - 08:47 PM

It almost touched line on close on Thurs, cant say for sure I didnt write it down,

 

bullion price appears up for the week, that was always a sign the paper scam was failing.

 

I do the delivered metal price not NY paper. Worked before. It will be a beautiful thing to see the commercials wiped

 

out in 3rd wave it doesnt count, its fake digits.

 

I might buy one tonight, was planning to convert 401k incrementally from stock to gold fund

 

incrementally during this week. What if it lauched a 3 of 3 right here, cant say unless we see initiation

 

volume. I am at 5 years mort and property in metals and need alot more.

 

My cycles are not that strong but the pesky 9 week low finishes this week, it is not exact can be as much as one down

 

open in the week or could have been last week.

 

 

See the 50 year old run down neighborhoods ravaged by compounding debasement, cant even buy paint,

 

They pay property tax on rotting wood. I only wanted 5-10 years of living space set aside and something like silver to

 

buy cattle from the next door farmer if I was hungry, would never care to own a property

 

tax in satanism, the property is not the point.


Edited by AChartist, 22 May 2016 - 08:47 PM.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#3 AChartist

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Posted 22 May 2016 - 09:48 PM

you might have a super bullish higher B wave a-b-c here.

 

If I'm wrong I'll have a lot of capital aside for a big trade if it corrects by

 

switching 401k from stocks to gold fund.

 

What are the chances it lets anyone in easy like that, yeah they are all right just laying

 

back for the "big" correction, aint going to happen that way.

 

I'll ease in during the week hoping for some stock highs to switch to gold.

 

I bought one Panda, didnt have any of those. Isnt much choice because I dont like anything

 

with the queens face. 


Edited by AChartist, 22 May 2016 - 09:52 PM.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#4 Rogerdodger

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Posted 22 May 2016 - 11:07 PM

I'm thinking this will drive a lot of gold volatility as we get closer to the June 23rd decision.

 

  SHOWDOWN: Anti-elite winds tilt Brexit...

 

I say that "they" will not allow exit.


Edited by Rogerdodger, 22 May 2016 - 11:09 PM.


#5 tria

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Posted 23 May 2016 - 04:44 AM

I wish to be clear in case I was misundestood with a wrong choice of words.

I do not see any iii of a 3rd.

All I think is 1375 +/-5 and then back down to 1,345 +/-5 for now.

Then I'll see.


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


#6 tria

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Posted 23 May 2016 - 06:46 AM

To put some money where my mouth is I have started collecting some SIN16 futures

between 16.35-16.27

This is just a short term trade and if not higher by late Thursday/early Friday I am out.

Time stop loss I have and not a price stop.


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


#7 blackcloud

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Posted 23 May 2016 - 07:39 AM

Hi tria, I think you'll be fine, but I don't think you want to see that low from last Thursday taken out in gold.  It was actually taken out while I typed this, I guess we'll see what happens.  G/L

Sorry, it was the Wednesday low I was looking at.


Edited by blackcloud, 23 May 2016 - 07:42 AM.


#8 SemiBizz

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Posted 23 May 2016 - 07:56 AM

Accelerating Volume off the top...

 

1211.


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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#9 blackcloud

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Posted 23 May 2016 - 08:03 AM

Thanks coach!!



#10 tria

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Posted 23 May 2016 - 08:05 AM

Hi tria, I think you'll be fine, but I don't think you want to see that low from last Thursday taken out in gold.  It was actually taken out while I typed this, I guess we'll see what happens.  G/L

Sorry, it was the Wednesday low I was looking at.

 

Hi blackcloud, tomorrow should be the low point of the week imo.


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