drbubb

These are Confirmation indicators*, and are not meant to trigger trades. I use different indicators for that. You may recall, I gave a strong BUY indicator at the Turn of the Year when Gold was near $1550: Gold Charts look Bullish as we start 2012 - started Jan. 2, 2012 http://www.greenenergyinvestors.com/index.php?showtopic=15773 Since then, I have taken some profits, selling into strength on the way up through $1700. And I am now awaiting the next buying opportunity. Have I missed it? Maybe. But I don't think so. I push above the 144d-MA might cause me to change my mind. === === *Perhaps I should have called then "Sell Confirmations", and "Buy Confirmation" above, rather than "Signals". Sorry for the confusion.

I reckon that some do. But you are right, they probably wind up over-paying by more than the 1% plus they could save by waiting

The way I trade is: First, I form a big picture view. And then zoom in on a Daily or Intraday chart to place the actual Trade. Here's the Weekly view, and I have featured the 76d.MA= 18wk, and 144d.MA= 30wk.MA ... update What do you see here? I am interested in two main things: + Where the 18wk. Crosses the 30wk. MA : to the Downside in Red, and to the upside in Blue. + Where 30wk MA "rolls over" and starts moving lower. The first indicator has given three SELL signals, and we are on the Third one now. We are close to a BLUE "BUY" signal, but it has not yet been flashed. For that to happen, the GLD price needs to climb back over the 30wk=144d MA, and the 18wk=76d MA does too. GLD-Weekly-Closeup-chart Let's see if that will happen soon. The 30wk.ma is now close to rolling over, which might signal a deeper correction. Methinks we have a critical week or two ahead of us.

And sometimes far more than that. I suppose they do not join, because they have nothing to say, which seems a pity. I do think one change may be far less mud will be slung here. I do not abuse B&H folk, apart from a certain Mr JS Gold. And if the purists are not flinging mud at the traders, we might actually get some more interesting discussions here.

Now that most of the Circus entourage is gone, you can try a daring feat like: walking a tightrope (using options), or sticking your head in the mouth of a lion ( by purchasing a Gld etf.) By you may be doing it in front of a smaller audience. Actually, I wish GF and his entourage success in their ventures. There's no reason for me to wish them ill. But the site may change more in the next 3-6 months, than it did in 3 years. Or we may go back to the chaotic days, when the Gold thread returns from holiday. We shall see...

Gold-$1650 = GLD-$160, so I think we are in basic agreement. I am just waiting for the charts to tell me more.

Let's see what happens at GLD-$160, and on a retest of the lows, if it comes. I don't want to prejudge, but would rather let the volume and price movement tell me its own story.

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I'd rather wait for GLD-$160 or lower - which I think we will see

I look at Gold over various time horizons. For my next possible entry, I like to look within a 6 months window, and maybe 3 months

If he wanted his own section here - he could have it. I could call it the Goldfinger thread, or something like that. It could be an OpenBlog, But not always pinned on the Main board. Anyway, as I said elsewhere, the circus seems to have moved on now. And we may be back to where we were before the circus came to town some years ago.

Okay. Here's what I am looking at: update The next drop could be (not: "must be") imminent. A further quick rally to GLD-$168 would not invalidate the Bearish view, and there are Bearish and Bullish scenarios beyond that. As frequent traders will know, the market situation is rarely clear-cut. I don't hold substantial trading positions in Gold now. (I do have some core Longs though.) I slimmed down in the rally beyond $1700, and am awaiting the next Big Buying opportunity, but shall probably take longs in Gold stocks, as well as Gold. If Gold quickly shoots up to $1900 and beyond, will have missed something, unless I find another entry. But I do NOT expect that. Does anyone else here?

BTW, if you havent bothered to look, the 144d.MA is just under GLD-$167, and the top level of today's session (so far) is right on/near it. (GLD-$166.56) So by mty own measure, I am batting close to 1,000, if that makes the day's high, and Gold heads down next week. But i am not ruling out a rally into next week. No big positions on at the mo'. I am waiting for the market to tell me what to do. I have a slightly higher expectation of a downwards bias. But no great conviction yet. Do any of you guys trade here ? I don't hear the sort of things I would expect from experienced traders. I know quite a few, and the often will say something similar to what I have posted. But maybe you guys are a different breed. (??)

Why the hostility? Look back at my previous threads, and you will see I have a pretty good record, and have called almost all the major lows. I don't think we are seeing one now. But the next 2-3 trading sessions should tell us alot. Do any of you guys use Elliott Waves? If so, look at what an a-b-c up from 5 waves down would mean.

Yes. That gap down had been quickly filled. A nice bounce, which looks like a C wave to me, if the volume stays light. It could last into next week, and then fizzle. If I am wrong, and the volume picks up next week, we could have a nice low in place. Next week will tell the story, not today, I reckon.

The pressure seems to be to the downside at the moment, with GLD below the 144d MA

Good idea. Even so. I have been a follower of the 144d.MA for a long, long time, and GLD is now trading below it : GLD-Chart I am waiting to see if it "rolls over" in the days to come.

Sure - Like any collectible. I suppose oil paintings are the ultimate collectible, since each one is (or should be) a one-off, and an artist's particular style may be recognisable to a real expert. Can anyone else really reproduce Rembrant's brush strokes? But if a brilliant 300-year old painting from an unknown artist was discovered in a cave, would it have any large value? If it is not part of "the artistic conversation" it may have little value. Worth pondering.

Another big drop? Gold down $17 so far. Where's that fizzling rocket?

You bought: Yellowstone National Park !! I didn't know it was for sale.

NNVC / NanoViricides Inc. (OBB) ... update nice buy, CP !

I will respond to comments like that on the Gold thread in the Fringe section - Not here. (I have been holding fire for many months, in fact ! When the circus came to GEI a few years ago, it always seemed a bit of a mixed blessing to me. Some people did not understand how thorough p-ss-d off I was with the recent mudslinging. 'Nuf said.) Please ONLY post comments here that relate to the Gold & Currency topics. Thank you for your understanding everyone.

I am tired of maintaining a website for people who do not appreciate the work I do here. For my own purposes, a website, without mud being slung constantly at those who do not follow the Gold purist fan club approach will be far more useful to me in my research for investment opportunties. Over time, we will discover who is really interested in that sort of approach. Everyone is welcome to post constructive comments - only one Member has been suspended (& then for only 10 days.) But I suspect many are voting for a different sort of website than I intend to run, by voting with their feet. So be it. /see GEI's New Mission: http://www.greenenergyinvestors.com/index.php?showtopic=16092

The rumored sizes seem just incredible, more than the 160,000 tons officially known. 10,000 tons seems much more believable, I agree. But the rumors do not die. /see:

Operation Gold Lilly - Yamashita's Gold "untold riches buried in the hills of the Philippines"