15 replies to this topic

[dharma]

gold is currently in a bullish falling wedge pattern. want to see the lows hold. and break the pattern to the upside. dharma

[johngeorge]

dharma
This afternoon got a short term buy signal on 30 minute chart, MACD positive divergence, for GLD. Falling volume. Need to see yesterday's $84.92 hold before I am a buyer in here. As you have pointed out previously Fridays seem to be a beat up on gold day. Maybe we will see more consolidation action until then. Seasonal is favorable for gold.
Best to you

[Tor]

Gold stocks, falling rock! Will see where wave 2 ends. Could be a buy the rumour sell the news, in which case they are a SELL. Inflation figures already out.

[dharma]

saturday is the bradley. bradley's have been effective for gold dharma

[gvc]

saturday is the bradley. bradley's have been effective for gold
dharma

[dharma]

oppps you are correct sir, the bradley is the 24th! i want to see gold come out of the top of this declinning wedge. the gold/oil ratio says gold is cheap. those that are looking for a dollar rally, it could happen however, the declinning gann angles halted the dec, jan, and feb rally and if this rally makes it to 7475-7525 it will be the end of this rally too. the piece uncle jim posted yesterday on what volker had to say is @ the least eye opening. and @ the most made me sit up @attention! dharma

[dougie]

came out but 424 ceiling on hui ugly

[dharma]

looks healthy to me, a 1 and 2. its still a good rally. maybe i should be more spooked! but, nothing goes straight up. dharma

[dharma]

so gold took out the declining trend line from the highs through the 2ndary high in april. the case for the decline is over, now we return to 1k and then we will talk. dharma

[dougie]

great bs dharma