41 replies to this topic

[tria]

Very disappointed with Gold's trading so far today and with my crystal ball which seems out of tune recently.

The odd thing is that I bought some Silver on Monday between 16.30-16.25 and when Gold was trading above 1,240.

Today my Silver is in the same level but Gold is trading $20.00 lower.

Actually Silver trades with a very small backwardation in the near months whilst Gold is not.

Another reason may be that the June Gold futures is a very popular trading month whilst July is for Silver.

Today being opex for June Gold's futures the pressure is on Gold.

That is my take and tomorrow should clear things up a bit.

[dasein]

very insightful observations tria -

 

I see flags everywhere - but it seems if silver gives up the support it is on as did gold next stop is back around 15...

[tria]

Could not resist the positive Gold's RSI-hourly divergence and succumbed to the temptation.

Added more just below 1,220.

PS

 

I have Semmi and Hadik on my side as well.

Semi seems to expect a rebound from 1,217 and Hadik in a free email suggest that the initial

drop should be over today at the latest.

Edited by tria, 25 May 2016 - 10:18 AM.

[tria]

The 'smart' GDX and GDXJ do not seem to discount/anticipate any big carnage

for the 'dumb' Golld Bugs during the first half of this year at least.

[dougie]

Kimble sees possible trouble:

http://blog.kimblech...99bfc1-40015193

[dougie]

hee too

http://blog.kimblech...82d48a-40015193

[dougie]

interesting what todays low retested

[dougie]

one more view

Edited by dougie, 25 May 2016 - 02:34 PM.

[tria]

Due to the GDX end of the month (5/27) opex OI situation and the Max Pain principle,

the 'mazohysts' wish GDX to be > 23.00 and probably >23.50 on the close on Friday.

What 'they' wish they usually get. 

[tria]

Perhaps my freaking model is running a day or two late, this is the good scenario.

I'll remain optimistic in any case for now and not do anyhing drastic for the rest of this week.

Looking for just a small/medium size rebound, mind you.

Silver is looking really nice, thank you....

Edited by tria, 26 May 2016 - 07:54 AM.