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kernull

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Posts posted by kernull

  2. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Pah, that's nothing. Ker reckons it'll be down $4 in one day tomorrow. :)

    (I'm paraphrasing and may be incorrect in this statement. If so, I apologize Ker)

     

    nop, maybe not tomorrow, but it has to be this week. i still think gold & silver will crash (or at least show the signs of a crash), i am not with the market right now, but that's what makes world interesting, different point of views

  3. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Great charts and I think you will be proved right - with the stockmarkets at a bottom as they were in early December 1974 when gold peaked, I think gold is likely to fall further as a new cyclical bull market in stocks begins.

    well, let me make some comments to the charts, this is not a final bottom in stocks, it is just a retracement for a couple of months. there is more pain to come in the 5th wave. Also, gold & stocks should rise at the same time after they bottom together, so the safe heaven play is temporary thing.

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Thanks for the charts Ker, I sincerely appreciate your views.

    I wasn't trying to be sarcarstic, just pointing out that in this debate on POG declining, it has been getting steadily more expensive to buy for anyone with GBP.

    Which I imagine would be quite a few people on here.

     

    what I have read so far, is that GBP is going to plunge, so, rather than base purchases on the gold chart, people who live in UK should analyze GBP/USD . I am in Mexico and I got out of my pesos long time ago.

    I just saw the chart of GBP/USD and i it broke 1.5200 , this was major support , this means GBP is going to 1.1000 on a long term (next 6 months could be?) , and on a short term it could stop at 1.3500 in 2-3 weeks. Then it should make a pull back to 1.4900 and then a final move to 1.1000 (but maybe it could not reach 1.49 and exhaust earlier). So, on a long term, in GBPs you will have price close to 1,000, the entry point right now is ok.

  16. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Thanks for the GBP outlook. :)

     

    What is the reason as to why the trend line is not now set at a higher angle? Isn't that what happens when are market goes exponential.

     

    i think you are right. the trend may be set at higher angle, but the volatility is very high, dust should settle down, before any big upside happens, here are some more points

    post-1767-1226880740_thumb.png

  18. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Ker,

     

    Would you mind doing some of these charts and analysis in GBP. A lot of the people on this board are using GBP to buy rather than USD.

     

    http://stockcharts.com/h-sc/ui?s=$GOL...id=p64060619744

     

    The chart looks a lot different in GBP, not half as bearish, it looks set for surge up again soon. In fact it looks much more positive in loads of currencies. It has recently hit new highs in UK Pound, Canadian Dollar, Rupee, Rand & Australian Dollar. Why the focus just on USD?

     

    I know Pixel, my trading account is in USDs, but for another currency , yes it is more complicated, in the chart in GBPs you refer to, the main monthly trend is bullish, but it looks like 5.50 is the resistance right now, and you have high volatility, means it is not in a trend, but a consolidation process, it may pull back a little bit (4.60), the best buy in your case would be when it is close to 200 exponential moving average (or lower), and the volatility is low, this should be entry points. but I suggest you to draw the trendline from the 2002 , like in my charts, and when it touches that trend, that's the buy for long term.

  21. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    The big picture for the end of 2009 and a bit beyond that:

     

    EUR/USD:

    http://i430.photobucket.com/albums/qq30/ke...eurusd-1115.png

     

    USD:

    http://i430.photobucket.com/albums/qq30/kernu11/usd1115.png

     

    OIL:

    http://i430.photobucket.com/albums/qq30/ke...115-monthly.png

     

    Stocks:

    http://i430.photobucket.com/albums/qq30/ke...dow-monthly.png

    http://i430.photobucket.com/albums/qq30/ke...-1115-daily.png

     

    GOLD:

    http://i430.photobucket.com/albums/qq30/ke...115-monthly.png

    http://i430.photobucket.com/albums/qq30/ke...1115-weekly.png

    http://i430.photobucket.com/albums/qq30/ke...-1115-daily.png

    http://i430.photobucket.com/albums/qq30/ke...d-1115-4hrs.png

     

    SILVER:

    http://i430.photobucket.com/albums/qq30/ke...115-monthly.png

    http://i430.photobucket.com/albums/qq30/ke...-1115-daily.png

  23. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    What are your thoughts on silver? Do you think it has bottomed yet?

     

    nope, i don't think its a bottom yet, silver is set up in a rising wedge (just like copper), to keep falling next week. looks like it will be the final week of selling, and then a rally of 4-6 weeks. i will post charts soon.

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