DoctorSolar

Eric King is such a good motivational mentoring coach. What a great speaker.

 

00 Check portfolio

10 Thinking about selling gold

20 Listen to Eric King

30 Goto 00

http://www.u.arizona.edu/~rubinson/copyrig...ed_Harmful.html

Looks like we will not be going to sleep tonight...

 

Need to stay awake especially at 10,11 and 12 tonight!

 

If 740 does not hold - I will need a change of pants (at least until retest at 715)....

Looks like $740 has been broken - gulp!

To quote the clash: Should i stay or should i go?

Thanks for those charts. From a TA point of view had you looked at the chart for POG in pounds sterling would a chartist have forecast that bounce up? Or would you have maintained your bearish outlook?

From my naive point of view those two charts look nigh identical on the left hand side yet wildly different on the right. A chartist would surely have thought the outcome would be the same for both?

Apologies if I sound skeptical i am genuinely interested in hearing from folks about how TA can resolve such things.

Down hugely in USD, up in GBP!

 

 

That's some almighty fall in sterling.

Thanks for those charts. From a TA point of view had you looked at the chart for POG in pounds sterling would a chartist have forecast that bounce up? Or would you have maintained your bearish outlook?

I remain bearish gold, from a chart perspective.

 

As for Neely. I got motivated earlier this year to find out more about his analysis so i took out his trial subscription for a month i think it is. Jury is out as far as i am concerned. It is not elliott wave as i recognise it (or how Elliott himself would recongise it for that matter) so find it difficult to follow his reasoning. But, he has made some good calls. I disagree that the S&P bottom will be around the 2002 lows and think it will be substantially below this. As for gold, i am less bearish than him. I am looking for a bottom around the $600 area, he, if i recall rightly, is looking for a long bear market going further than that.

As I mentioned in another thread - if you looked at a chart of the price of gold denominated in pounds sterling would your analysis be the same?

Is POG bearish in terms of pound sterling?

The POG was bearish many times this year but if you lived in Iceland it would most likely be bullish all the way?

Apologies for cross posting this but i am very keen to get input on how your own currency perspective changes your analysis.

i am 90% bearish. because crude closed lower, and the DOW is set up in a nasty triangle continuation pattern, so , if it goes to 7,500 , and all the world stock exchanges with it, guess what is going to happen to the dollar index.

Being in the UK I am much more interested in following the price of gold in terms of pounds sterling.

If you looked at the charts for the price of gold (POG) denominated in that currency would your analysis be the same?

The POG has fallen in dollars over the past few days but in terms of sterling its hardly moved at all.