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What is limit up for gold? eom


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#1 cgnx

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Posted 03 March 2008 - 01:04 PM

Is there a number?
If it can be cornered, it will.

#2 gvc

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Posted 03 March 2008 - 01:41 PM

it used to be $75. dont know if its been changed recently, though

#3 Islander

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Posted 03 March 2008 - 02:06 PM

The several exchanges in the world have different limits, or none. Limits are really more likely tp distort prices, particularly in Silver. At 1k in AU we are due for a correction back to $930,950. The down movement will be buying time. Best, Islander

#4 senorBS

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Posted 03 March 2008 - 02:43 PM

Is there a number?


:wub: Senor has to ask if this is the type of question that tells an amigo a top is at hand? :o

NO BS

Senor

#5 dharma

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Posted 03 March 2008 - 04:30 PM

if we are looking for a top than anything said can be construed as a top. my date is still march 7th+- 5days for a top and i think that will prove to be short term. this configuration to me looks similar to the one we had in 05. before the move up out of it. top callers yell loud, maybe that will work? not yet! dharma cgnx it is $75 limit

Edited by dharma, 03 March 2008 - 04:33 PM.


#6 lhslancers3270

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Posted 03 March 2008 - 04:41 PM

if we are looking for a top than anything said can be construed as a top. my date is still march 7th+- 5days for a top and i think that will prove to be short term. this configuration to me looks similar to the one we had in 05. before the move up out of it. top callers yell loud, maybe that will work? not yet!
dharma
cgnx it is $75 limit


Don't be too shocked to get a buyable bottom by the end of this week. Although the bullish consensus is 90 this still looks very strong. 4-5% correction in Gold should probably do it.

#7 gvc

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Posted 03 March 2008 - 08:14 PM

Some math to consider.... 456 (2004 top) was 78.82% increase from 255 (2001 bottom) 732 (2006 top) was 78.54% increase from 410 (2005 bottom) The average between the two % legs = 78.68% A 78.68% increase from 555 low in June '06 = 992 (today's top).(april gold)

#8 vitaminm

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Posted 03 March 2008 - 11:10 PM

ctrend projects $gold..........103
vitaminm

#9 cgnx

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Posted 04 March 2008 - 04:07 PM

Senor owed me that. But since when do you get a top without going lock limit up? When was the last time gold did that? Wait till they increase the limit that would be another sign. But we have many moons to go before we start talking top. The public is no where near gold. We are in the 2nd inning if that.
If it can be cornered, it will.

#10 senorBS

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Posted 04 March 2008 - 04:56 PM

Senor owed me that. But since when do you get a top without going lock limit up? When was the last time gold did that? Wait till they increase the limit that would be another sign. But we have many moons to go before we start talking top. The public is no where near gold. We are in the 2nd inning if that.



:P Amigo, at least you were good for a trading top! Senor only thinks that is what it was, did a muy little bit of nibbling late in the session.

BSing away

Senor