Accelerating Volume off the top...
1211.
Let downside price acceleration then follow the Volume, I am waiting to catch a falling knife.
Thursday 5/25 is Gold futures opex BTW.
Edited by tria, 23 May 2016 - 08:12 AM.
Posted 23 May 2016 - 08:09 AM
Accelerating Volume off the top...
1211.
Let downside price acceleration then follow the Volume, I am waiting to catch a falling knife.
Thursday 5/25 is Gold futures opex BTW.
Edited by tria, 23 May 2016 - 08:12 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
Posted 23 May 2016 - 08:12 AM
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.
Posted 23 May 2016 - 08:41 AM
My working assumption is that due to the GLD & SLV end of the month opex on 5/27 O.I. situation,
Gold should not drop below 1,240 and Silver below 16.25 this week.
Famous last words.
-tria
Edited by tria, 23 May 2016 - 08:44 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
Posted 23 May 2016 - 08:54 AM
It gets better by the day,
CITI joint the chorus of bearish callers forecasting Gold to drop below $1,000
This is excellent news, imo.
Citi: "Strong dollar could send gold below $1K"
http://seekingalpha...._title&uprof=46
Edited by tria, 23 May 2016 - 08:57 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
Posted 23 May 2016 - 10:20 AM
Simirarly GDX should fluctuate between 23.50 and 24.50 till this Friday 5/27 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
Posted 24 May 2016 - 05:20 AM
Filled on all Silver buy orders earlier today.
Today is ideally supposed to be the low day for the week.
I should be in the Green by early tomorrow.
At last Gold furures OI has started to drop and should have
fallen more yesterday but not updated in the chart yet.
Stop loss, short covering in the futures and GLD accumulation
by the Block Traders was noticed yesterday.
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
Posted 24 May 2016 - 05:41 AM
Silver near 16.00 is a 50% retracement of this year's rise, if it gets there mind you.
No such luck with the SLV.
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
Posted 24 May 2016 - 10:13 AM
Since my Silver bought much earlier today in London AM trading is already in the black,
and since I do expect a low in Gold by midday today, I bought some Gold too just below 1,235.
Tommorow should be vindication day or failure.
This is a short term trade I must stress, lasting a week or two perhaps.
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
Posted 24 May 2016 - 11:03 AM
If today's COT report to be made public on Friday, does not look much better,
I will throw my crystal ball at the screens.
I mean it.
Over and out.
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
Posted 25 May 2016 - 08:47 AM
Accelerating Volume off the top...
1211.
1217... getting close to the expected bounce area.