GLD is "outperforming" XAU to the downside today by 2:1.
The turn in the $gold:$xau ratio is telling us something --- what ??
Ive had a long-term target on GLD of 52.7, which is the lowest unfilled gap.
At the same time, volume spike high ==> no question that GLD will take out its prior highs of 72+
So the trading range is 52-72.
Meanwhile, USD hitting resistance levels here and $TYX is headed DOWN.
Just bought GDX
Started by
Chilidawgz
, Jun 13 2006 10:27 AM
19 replies to this topic
#11
beta
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lasergirl
Posted 13 June 2006 - 01:13 PM
"Daytrading -- An Extreme Sport !"
#12
johngeorge
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Posted 13 June 2006 - 01:16 PM
Bought GDX @ $32.57 today. Looking for a bounce this week. 
Peace
johngeorge
johngeorge
#13
beta
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lasergirl
Posted 13 June 2006 - 01:20 PM
.. make that GLD:XAU downside ratio 3:1 today ...
"Daytrading -- An Extreme Sport !"
#14
johngeorge
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Posted 13 June 2006 - 02:08 PM
Stopped out of GDX for a small loss. 
Peace
johngeorge
johngeorge
#15
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 13 June 2006 - 02:27 PM
Stopped out of GDX for a small loss.
they are shakin' the tree for the last of the fallen fruit JG, just added MDG @26.00
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#16
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 13 June 2006 - 02:59 PM
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#17
johngeorge
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Posted 13 June 2006 - 04:03 PM
Stopped out of GDX for a small loss.
they are shakin' the tree for the last of the fallen fruit JG, just added MDG @26.00
My thinking as well, Chili, and I was all set to buy back................got distracted and one thing lead to another and then a phone call about some of my insurance and before you know it the trading day was over and I missed my opportunity today.
But I will be back!!!!!!!!!!!!! 
Peace
johngeorge
johngeorge
#18
beta
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lasergirl
Posted 14 June 2006 - 01:42 AM
Anyone watching the USD here ? --- struggling w/ resistance @ 86.5 for past 24 hours.
USD failure here would coincide well with $gold's turnaround (so far) tonite in Asia trading.
Wed am close > 562 will bring in physical buyers.
Golddealer.com dude reported this afternoon that he was "swamped" with buy orders FWIW.
Calling all goldbugs:
$gold already back up > 560 tonite in Asia trading.
562+ (yesterday's close) is the magic number for Wed am ---
USD close < 85 would seal the deal.
USD failure here would coincide well with $gold's turnaround (so far) tonite in Asia trading.
Wed am close > 562 will bring in physical buyers.
Golddealer.com dude reported this afternoon that he was "swamped" with buy orders FWIW.
Calling all goldbugs:
$gold already back up > 560 tonite in Asia trading.
562+ (yesterday's close) is the magic number for Wed am ---
USD close < 85 would seal the deal.
Edited by beta, 14 June 2006 - 01:43 AM.
"Daytrading -- An Extreme Sport !"
#19
calmcookie
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calmcookie
Posted 14 June 2006 - 01:57 AM
Thanks for that info Beta. Yes, it's all very interesting. 
As I wrote earlier -
Gold
Gold you cad, don't make me sad
You slid and slipped and
Whooshed and dipped
Predicting now, ANOTHER trip
It's time to turn, it's time to rise
Heading up to bluer skies
Rise to hills, to mountain mix
No more diving, no more tricks
Oh precious metal, have your say
As long as outcome, is MY way
Don't dilly dally, here and there
Be firm, be sure, be up the stair
And I will chuckle, I will laugh
To watch you rise, compared to cash
Cuz coins I own, a shiney bunch
And I say UP ... it's just a hunch
As I wrote earlier -
Gold
Gold you cad, don't make me sad
You slid and slipped and
Whooshed and dipped
Predicting now, ANOTHER trip
It's time to turn, it's time to rise
Heading up to bluer skies
Rise to hills, to mountain mix
No more diving, no more tricks
Oh precious metal, have your say
As long as outcome, is MY way
Don't dilly dally, here and there
Be firm, be sure, be up the stair
And I will chuckle, I will laugh
To watch you rise, compared to cash
Cuz coins I own, a shiney bunch
And I say UP ... it's just a hunch
Edited by calmcookie, 14 June 2006 - 01:59 AM.
#20
johngeorge
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Posted 14 June 2006 - 12:09 PM
As always, CC, a wonderful and delightful composition. I was so enchanted by it that I bought some TGB and USGL this am. 
Thanks for that info Beta. Yes, it's all very interesting.
As I wrote earlier -
Gold
Gold you cad, don't make me sad
You slid and slipped and
Whooshed and dipped
Predicting now, ANOTHER trip
It's time to turn, it's time to rise
Heading up to bluer skies
Rise to hills, to mountain mix
No more diving, no more tricks
Oh precious metal, have your say
As long as outcome, is MY way
Don't dilly dally, here and there
Be firm, be sure, be up the stair
And I will chuckle, I will laugh
To watch you rise, compared to cash
Cuz coins I own, a shiney bunch
And I say UP ... it's just a hunch
Peace
johngeorge
johngeorge
