56 replies to this topic

[tria]

Gold may/should move sideways with a higher bias early in the week

and lower bias to end the week.

 

Initial indications favor a tradable low around 8/17 but do not think much below 1,300 if at all.

[Russ]

Tria, Here's the latest from the Martin.... "Unless gold can close above 1362 on a monthly basis, the risk of a SLINGSHOT move still exists. Of course the goldbugs will say never. They are no different than the Japanese who refused to believe the NIKKEI would make lower lows. But this is the actual mechanism that creates the breakout rallies. The greater the SLINGSHOT on the downside, the steeper the move on the upside."

[dharma]

dharma

[tria]

This small rally early in the week which could top a bit higher than 1,340 was expected.

 

A quick trip back down to about 1,310 is still expected however.

Prefer to be more certain of that call in a few days.

This next week's low if seen, should be tradable for a change.

Edited by tria, 09 August 2016 - 08:36 AM.

[dougie]

So marty is still short?

[tria]

Platinum and Palladium Futures are testing or in new 2016 highs early this morning, my time.

This, despite the terrible COT reports during the last few weeks.

Could be a 'b' wave however.

 

http://www.barchart....=&txtDate=#jump

 

Off topic,

GS called for Hellas not winning any Olympic Gold metals in Rio.

(as if they can make a call on everything)

Well, One Gold, one Bronze so far.

At the age of 20 and in just her maiden Olympic campaign Anna Korakaki became the first Greek

athlete with two Olympic medals in the same competition since 1912.

She practiced shooting in an old quarry on her father's self made target whilst her competitors

were practicing in state of the art facilities.

Typical Greek dedication and will power...

Edited by tria, 10 August 2016 - 03:33 AM.

[tria]

Could or should be a sell on strength day but I will not.

Instead, some DUST may be in order for a trade with a stop.

[tria]

Could be a 5th of a 3rd as well or even a 3rd of a kind.

Now that I have covered almost all posibilities,

It will be better to leave Stu or Senor do the counting.

 

[tria]

Got the $4.63 DUST.

No stop loss till early next week.

Small position.

[tria]

Distribution day was yesterday, looking lower to next week and then I'll see what transpires..