9 replies to this topic

[Russ]

Also note the much lower volume today, bullish statement.  Today is the XAU low that was projected from last July from my oscillator as was posted on this board back then...

 

 

 

Edited by Russ, 23 November 2016 - 03:51 PM.

[dougie]

Well Russ: time to find out if you have nailed it or not. Thank you for your consistent sharing

[Russ]

Looking back in mid July there were a few other posters calling a top other than myself,  Tria, Kimston, Smitty and perhaps others, let me know if I missed you. I originally said Oct/Nov low and then updated it to a late Nov. low and a few days ago I decided it looked like today, even though I did go long on nugt yesterday.

 

blast from the past... http://www.traders-t...nov-low-coming/

[Russ]

Well Russ: time to find out if you have nailed it or not. Thank you for your consistent sharing

You're welcome Dougie,  this is a great forum and I do also like to bounce my ideas off of other's work and hopefully learn.

[Russ]

check out the monthly gold chart on here, you can see today's lows hit some important pivots from past months, switch to candlestick chart... http://www.investing...ommodities/gold

Edited by Russ, 23 November 2016 - 04:20 PM.

[Russ]

gld came close to closing a major gap... 

 

 

[goldfungus]

Looking back in mid July there were a few other posters calling a top other than myself,  Tria, Kimston, Smitty and perhaps others, let me know if I missed you. I originally said Oct/Nov low and then updated it to a late Nov. low and a few days ago I decided it looked like today, even though I did go long on nugt yesterday.

 

blast from the past... http://www.traders-t...nov-low-coming/

Great call! My fingers are crossed that today was it. I bought a 1/4 position in NUGT. 

[Russ]

 

Looking back in mid July there were a few other posters calling a top other than myself,  Tria, Kimston, Smitty and perhaps others, let me know if I missed you. I originally said Oct/Nov low and then updated it to a late Nov. low and a few days ago I decided it looked like today, even though I did go long on nugt yesterday.

 

blast from the past... http://www.traders-t...nov-low-coming/

Great call! My fingers are crossed that today was it. I bought a 1/4 position in NUGT. 

 

Good luck to you and me, I am a little underwater right now as I bought late yesterday but we'll see.

[senorBS]

actually Russ only the HUI made a new intraday and closing low below nov 14 low, XAU/GDXJ/GDX (failed by 2 ticks) all held above their previous Nov. 14 intraday lows while the GDX and GDXJ along with the HUI all made new daily "closing" lows - a mixed bag here and enough for Senor's "ugly bottom"? we;ll see 

 

Senor

[Russ]

Senor,

 

Only HUI made a new low compared to Nov. 14  and let's not forget GDM (nugt is based on it) which also did not make a new low...