Sorry, this response was meant for Dougie.I'm sticking with my XAU 155 bottom to go long!
By the way, would you prefer I remain silent when I have a strong opinion?
Senor
Senor
XAU to 145 at least?
Started by
senorBS
, Aug 01 2008 01:07 PM
16 replies to this topic
#11
senorBS
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Posted 01 August 2008 - 02:15 PM
Senor
#12
leocleoc
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Posted 01 August 2008 - 02:43 PM
Senor,
Please continue to pound the table and talk to us here ... your insight is always appreciated.
Grateful to this board and its many posters...time for a Corona beer and more cowbell playing.
Please continue to pound the table and talk to us here ... your insight is always appreciated.
Grateful to this board and its many posters...time for a Corona beer and more cowbell playing.
Sorry, this response was meant for Dougie.I'm sticking with my XAU 155 bottom to go long!
By the way, would you prefer I remain silent when I have a strong opinion?
Senor
Senor
Edited by leocleoc, 01 August 2008 - 02:44 PM.
#13
dougie
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Posted 01 August 2008 - 06:39 PM
not at all, just surprised is all. have a few margs and enjoy some well earned siesta on the house
#14
kaotic
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Posted 01 August 2008 - 07:45 PM
not at all, just surprised is all. have a few margs and enjoy some well earned siesta on the house
Senor K sees muy malo decline dead ahead and has prepared accordingly for it.
#15
nimblebear
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Welcome to the Dark Side !
Posted 02 August 2008 - 09:48 PM
im long all gold.
OTIS.
#16
Cirrus
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Posted 04 August 2008 - 10:32 AM
I have 3 targets for the XAU. I'm using each for a different tell:
1. 154ish -- the CBs are about to resume pumping and a major bullish stop is triggered clearing the 'system'
2. 145ish -- the CBs are determined to crush commodities but "blink" on fear of a US economic recession of incredible severity
3. 125ish -- the CBs allow a severe US recession and global growth zeros out or perhaps gets negative; commodities have a ways to go
FWIW I think that a correction lower than 125 means a chance of the depression talk being correct. Right now there is tremendous fear in the sector and leveraged funds that are long the commodity trade are suffering serious pain. I think the relation ship of energy stocks to CL is at least as important as gold. The performance of energy today is saying CL to 100 or lower at minimum....interesting to see how it all plays out.
#17
tradesurfer
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Posted 04 August 2008 - 11:54 AM
dont we have EXTREMELY STRONG SUPPORT at 140 level on XAU that support line goes all the way back to 1987 ????????
perhaps we dip under it a bit but then buyers come in ?
