634 replies to this topic

[Smithy]

Why 1263 Dougie?  Pls always post your reasons 

[dougie]

gap and support

[Smithy]

London gold dealer Sharps Pixley to accept payment in bitcoin

 

http://www.reuters.c...n-idUSL8N1M64T6

[senorBS]

15 minute chart IMO shows a nice 5 up in gold from the new overnight low, I added another 5% pre-market, as always DYODD

 

Senor

[Smithy]

Senor, a penny for your thoughts. Overnight low spot 1278.

[senorBS]

Senor, a penny for your thoughts. Overnight low spot 1278.

I just posted them!

[Smithy]

Two minds but with a single thought...

I like silver's relative strength too.

We've hit 50% retrace in gold.

Lots of pointers to a possible low in this area but nothing conclusive.

[dharma]

agree senor since the lows the market appears to be moving in an impulse higher, we have daily divergences in the sector but it did not get oversold  maybe this is A 

down Bup to follow w/C ahead. not sure.  so far the correction is more than 50%  yesterday the gld holdings were up again, so hopefully its unlevered fund allocation following grundich and dalios lead. !? i did detect short covering yesterday.  so the deliberations continue 

lynette zang https://forbiddenkno...w-lynette-zang/

world gold council covers india in its recent paper.  they dont understand the indian psychology , imo 

https://gracelandupd...pricemaker1.PDF

dharma

[dharma]

i have been saying the majors need to buy  now brent cook http://www.kitco.com...ve---Brent-Cook

the majors will buy when they are confident in the market. ihey need to do so

dharma

[Russ]

The fact that gold did not go down to the bottom of it's channel shows some strength and there are some divergences. Gold also broke above its downtrend line from 2011 (blue line) , so this is probably just a test of that breakout. I am still showing a high for October should be coming.

 

 

Edited by Russ, 28 September 2017 - 12:09 PM.