30 replies to this topic

[dharma]

 

2018 will not be the top! and end of the bull run, 
2020 or 2022 will be
of course at this point its all opinion
dharma

and according to Armstrong who I do not know if he is still bearish
and still expects a below $1,000 number or not, Gold will be on its way
to $5,000 by then.
Now why one who believes in Gold near $5,000 in a few years time
did not buy the December 2015 low, reminds me of the time in late 1998
when Crude was trading near $10.00 and some technical experts suggesting
not to buy because it would fall to $9.00
Well Crude did not fall below $10.00 and instead started its 10 year bull move to
just below $150.00

 

i cant begin to tell you who many times i waited for the 5th of the 5th down or up that didnt happen, well all that got thrown out the window years back. and these guys are analysts! they demand to get paid. risk a buck to make 50 -no way!

its why like you , i do my own work and come to my own conclusions

dharma

[johngeorge]

After doing some research this weekend I decided to buy a starter position in NMKTF today.  I too think this bull has a lot farther to run and believe this stock will  be one of the winners.  Will see. 

 

This is not investment advice.  Do your own due diligence.

[tria]

I will not be surprised if Silver becomes relative weaker to Gold in the short term.

In fact I will not be surprised by anything any more after the Brexit outcome.

It just seems that 5 waves down are complete in the chart below.

In fact was one reasons that I did not buy the 3rd of a 3rd scenario, not yet anyhow.

 

(just a highly speculative point of view)

 

[tria]

Bought back Gold at the 1,345 level, just $25/oz lower than sold early Monday.

 

Now back to 100% long  (besides the call options) which may be increased as the day progresses as follows:

 

1339.90 turns me to 150% long

 

1335.60 to 200% long

 

In any case if not filled near the close today turns me 200% long by going to mkt probably.

That is my plan.

 

 

[tria]

Bought back Gold at the 1,345 level, just $25/oz lower than sold early Monday.

 

Now back to 100% long  (besides the call options) which may be increased as the day progresses as follows:

 

1339.90 turns me to 150% leveraged  long.

 

1335.60 to 200% leveraged long.

 

In any case if not filled near the close today turns me 200% long by going to mkt probably.

This is my plan.

Edited by tria, 12 July 2016 - 07:34 AM.

[tria]

As the the unfortunate killing of a Matador by his wounded Bull last Saturday in Spain reminded us,

and in addition to the man killed whilst partcipating in the annual Pamplona  2016 Bull run Festival,

Bull fighting can be hazardous to one's financial and perhaps even to his spiritual health.

[tria]

Filled on all Gold orders, it feels nice to be able to buy on weakness rather than having to chase on strength.

Furthermore I could not resist and bought some Silver too, just below 20.00 which rises my long exposure to:

200% leveraged long Gold now and 175% leveraged Silver.

 

Interested to see if the bullish mfi-T in Gold (which I posted about last Tuesday) and expired yesterday

may mean anything to the GDX.

Edited by tria, 12 July 2016 - 12:43 PM.

[relax]

Would that not be negative for a long in gold/gdx, if the T expired......but maybe the expiration of the T is not that important for your conditions for buying....

 

thank you

[tria]

Would that not be negative for a long in gold/gdx, if the T expired......but maybe the expiration of the T is not that important for your conditions for buying....

 

thank you

 

Mfi-Ts don't always work out but when they do they are beauties,

was one of the reasons I sold Gold early on Monday.

Why I am buying back so soon today one may ask.

Other factors suggested of a short both in price and time correction.

If not higher by the end of the week I may be wrong.

Edited by tria, 12 July 2016 - 01:15 PM.

[tria]

I like the action so far so near the close will buy more probably, I'll see in an hours time.

 

BTW, Gold is trading softer than Silver as I thought it would for now.

Edited by tria, 12 July 2016 - 01:23 PM.