631 replies to this topic

[dougie]

sheesh blue sky warnings : you aint worried you might offend the gods?

[Russ]

sheesh blue sky warnings : you aint worried you might offend the gods?

"It was my cross circuiting to x doctor, the deity had nothing to do with it. Well praise pointy ears and pitchforks then".  I should mention that the gld trend that showed this bottom is in conflict with the gold futures trend arguing a final low in oct, but for now gold should keep going up. I can't get a gold chart out of dial data anymore, so I cannot verify that trend on tradestation which is way better software than tradingview, it has the complete oscillator on it.

[gannman]

i am thinking around sep 21 the equinox will be interesting we are still in awave iii down imo

[Russ]

i am thinking around sep 21 the equinox will be interesting we are still in awave iii down imo

Opinions vary, I don't see how you can still think we are in a downtrend when gold broke above it's downtrend line with force on friday. 

 

Edited by Russ, 25 August 2018 - 06:34 PM.

[Smithy]

Sunday 8/26  opening - spot gold - 1206 breakaway gap.is bullish.

[Russ]

[Russ]

[Russ]

[CLK]

My hourly Renko went to a buy, all my st puts were closed last week. I have just $300 invested in leap puts which I will not

sell. At this point I don't care what gold does.

 

I am moving towards INVESTING in high growth stocks, not trading, no stops, just averaging in if they drop.

How many times have you looked back after a couple years and seen 1000% gains in something, but you were

dedicated to st leveraged trading and not only didn't make much for all the stress of stops and decay, but you missed

a half million in buy and hold ? Trading gets far too much spotlight these days. I lost 40k when I first started investing and made it all back

on one stock, everything went downhill when I switched to options. There has to be a strong long term fundamental story

behind the stock, there are no fundamentals for gold, it's just a 50/50 chance of direction.

My SPX Renko system I will trade a little more, but the rule is never add after the first brick of the turn, so I am out.

[dharma]

when csco was brought to market i was a subscriber to twst they interviewed the guy who brought csco to market. cutting to the chaff , he
jumped off way too early, yes he made good money but he left the big money on the table. somewhere/sometime soon gold will bottom and the
whole facade of the banking system will be in doubt. how long one rides the train will determine his financial prowess.
i believe we are close here. 3of C of 2 ended 4 here(perhaps it bottomed?????) trying to pinpoint the bottom will not get you to where
you want to go. trading graveyards are full of bottom pickers. i have cash to deploy, am in slow motion mode. nibbling here and there.
mining is a terrible biz and gold mining has been squeezed for 20++ years that i can see. i believe that will change.
nibbling here and there, not on up days , unless what i like gets hit. its very rare when the banksters are long. in 79-80 the chant was
trade w/the big boys -the hunts. well the exchange members and banksters squashed the hunts. the banksters are the big boys. the trap is being
set in bankster time
dharma