94 replies to this topic

[dharma]

obviously , i am not sure if its over or not, but i took 1/2 the cash and invested it. we are coming into
time frames for continued pressure. i have noticed that the full moon doesnt always bring highs,
sometimes it is a low , the 14 th is the full moon. i bought some issues that were beat up. and after
listening to their presentations i felt they were steals at these prices. of course i could be wrong.
in the short term. if so , i still have more cash to deploy
china will be exporting inflation http://www.graceland...1inflation1.png
dharma
i would like to see a couple of closes above 1285 to feel comfortable

dharma

[dharma]

well there is this possibility
http://www.321gold.c...llan110116.html
then we have the captain
http://www.gold-eagl...sp500-and-gdx-0
dharma

[gannman]

it could just be a c wave in an abc wave iv not sure. needs to show strength and break thru overhead resistance 

[johngeorge]

dharma

 

"i bought some issues that were beat up. and after
listening to their presentations i felt they were steals at these prices. of course i could be wrong."

 

At this time it looks to me like you are right.  Gold is moving up with the yen showing strength against the dollar.  Gold breaking 1300 would, I think, lead to gold `1325. I am well positioned to take advantage of any movement higher in gold and the miners with dry powder for further purchases.  Will know soon enough.

[dharma]

hsbc jim steele is bullish no matter who wins the election
http://www.bloomberg...ction-hsbc-says
i am expecting volatility here. this is my opinion. but w/ brexit the press was saying no way do we exit
and brexit won. the establishment is behind hillary , w/the press in tow. the people are behind trump,
or are they? we find out not soon enough
ok enough bs, we are at strong resistance. i am not quite where i want to be positioned. not going to chase
this caught my eye , not investment advice
http://finance.yahoo...-210100352.html
dharma

[dharma]

i think after todays action, i think we are still in the correction
dharma . those may lows will have lots of stops
dharma

[dharma]

correction taking on a more complex nature.
still think the market has more work to do
used the strength to raise a bit more of
cash to have more fire power to buy
@a very volatile juncture. waiting.
mid month should produce a low. but
caution is the word and continues to
be the word this is where traders get chopped up
dharma

Edited by dharma, 03 November 2016 - 11:52 AM.

[dharma]

keep in mind this chart isnt always right on. but it is a good guide
http://seasonalchart...ssics_gold.html
diwali
next is chinese new years buying
dharma
starting to feel like i am talking to myself

Edited by dharma, 03 November 2016 - 02:27 PM.

[goldfungus]

keep in mind this chart isnt always right on. but it is a good guide
http://seasonalchart...ssics_gold.html
diwali
next is chinese new years buying
dharma
starting to feel like i am talking to myself

You aren't talking to yourself. I read almost all your posts as well as others. I just think most are barrowing trouble. Sit tight and be right. This gold run is going to be blistering.

[johngeorge]

dharma

 

Thanks for the threads. Lots and lots of folks "listening" to you.  Your commentary is always informative and you make it easy for most of us to understand.  So when it comes to response time, well.........., some feel they really don't have much to add.  Unfortunately you find yourself by yourself too often.  That is not good and people do need to chime in with some of their thoughts.  That would be helpful to the many.  On this board you don't have to be right as we are all wrong from time to time, that is for example, I am wrong a majority of the time....... . 

 

I had been looking for 1325 gold for sometime now.  It has not happened so I may have to change my thinking and my portfolio allocation.  Perhaps it is a bit late for changing (I had a chance to sell into strength yesterday and didn't take it ) but, gold could pull back to the 1240's or lower before heading higher.  That is when I want to be a buyer.  On the other hand gold could not only go to 1325, but, perhaps all the way to 1400 before settling back again.  So I will hold my stocks as I have a good bit of cash left to buy with.  Will know all in the fullness of time.