20 replies to this topic

[scott in Wisconsin]

I still have XAU 150 sept puts, and I'm short SA from 13.80. Near-term Trend still seems nicely down to me. Lots of the metals stock charts look fugly to me. Scott

[lhslancers3270]

I still have XAU 150 sept puts, and I'm short SA from 13.80.

Near-term Trend still seems nicely down to me.

Lots of the metals stock charts look fugly to me.

Scott

I don't know if we get that low but it looks sick from here as well.

[dharma]

scott you have the direction correct. but, i doubt we see those #s . dharma

[gvc]

Why do you quit posting when gold stocks rally?

[DIVOT]

darn, long and wrong again. Wonder where we will be in 10 days. I think above where we are now.. Good luck to any other longs. Paul

[SilentOne]

Hi scott,

... when 3 of 3 of 3 refuses to appear ...

I don't know about a 3-3-3, but gold should rally to a high in Sept. That's what I have been planning and will be disappointed if we sell out here in August. The next 2 weeks should be very firm. Of course, I have been wrong before.

cheers,

john

[swanstkdh]

Long term charts show postive divergence in every name just about. The new info about this just being a short term rally coming up(who knows which wave this is) and then after that testing the lows at 248 before we get an obscenely powerful 3 of 3 makes sense. There just does not seem enough underlying pressure to rocket launch for months here.

[gvc]

Hi scott,

... when 3 of 3 of 3 refuses to appear ...

I don't know about a 3-3-3, but gold should rally to a high in Sept. That's what I have been planning and will be disappointed if we sell out here in August. The next 2 weeks should be very firm. Of course, I have been wrong before.

cheers,

john

My next cycle guess for a gold crest is around 9/12 give or take a day. I have a target that exceeds the May highs but now I'm beginning to doubt that occurance give there are less than 20 trading days left to accoumplish that big of a move, but ya never know when it comes to the golden bull.

[dharma]

we are in a generational bull market in gold. these things take time and patience. in 79 there were many 50 dollar limit up days. we havent seen anything like that yet. my strategy isnt to try and play every wiggle. but to hold 2/3 position, at the least , all the time. putting limits of days for performance will never yield results. trade if you like, but hold some in a long term account. we are very early in this game! patience is the name of the game. dharma

[SilentOne]

gvc,

My next cycle guess for a gold crest is around 9/12 give or take a day. I have a target that exceeds the May highs but now I'm beginning to doubt that occurance give there are less than 20 trading days left to accoumplish that big of a move, but ya never know when it comes to the golden bull.

Astro also says we should break upward here anyday now. We'll see.

cheers,

john