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jsr

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Everything posted by jsr

  1. It' appears the 144dma is now 'resistance'.
  2. Not looking good so far. Gold futures have re-tested yesterday's low. Lets see if the bounce holds. If not, a quick drop to the $1630's look's in play.
  3. I went moderately long. Priced closed above the 144dma. Would feel more comfortable if it stopped dead on (like it has done through 2010 and 2011). I figure it's a low risk trade. Maybe only 15 point risk (gold price, not GLD).
  4. I may have spoken too soon. It looks like GLD may close above the 144dma. There's certainly volume which is consistent with GLD wash out bottoms. But, also consider the other scenerio, below ..
  5. Nope. GLD has shot straight through the 144dma. Next stop is around 158 on GLD. This is a major pivot point. I do not know if this will be the bottom, but we can at least expect a large bounce.
  6. Gold sitting on the 144dma. Will it hold? The last couple of times it has not. But then, the market tone was significantly different those last couple times. http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=6&dy=0&id=p20098382304 GLD could fall to $158 if the 144dma fails.
  7. Yes, they are setting up for excellent, low risk short opportunities. CMG, AAPL, and AZO in particular.
  8. Yesterday, the Fed announces an additional $40bn in Treasury purchases, and the market barely gives a Sh*t. Why should it? It has already been anticipated. We all knew the Fed would have to do it. There's more going out than coming in at the US Treasury. The shortfall would have to come from the FED. The Stock market is topping, and it will take Gold down with it. The only thing which can save Gold IMO, is some very bad news out of Europe (anyone know what?). Then we could see a situation similar to Summer 2011, where the Stock Market crashed, and Gold went parabolic. I've not liquidated my Gold miners yet. Lets wait for confirmation of a breakdown in Gold. I could also be very wrong on my forecast. Another scenerio might be if Gold drops to $1670 (the 144dma), and then rallies substantially. In this scenerio, I expect Gold to hit the 144dma, and stop flat, dead on. Any continuation will invalidate this forecast.
  9. DR B. Have you looked at Ghana based Golden Star (GSS) ? 300,000oz producer. Cash costs are higher, and the balance sheet is a not as clean as Endeavour. But, they are Half the market cap of Endeavour, and chart is bullish (far more leaveraged than EDV). They also have plans to increase production by another 90,000oz's (like EDV).
  10. jsr

    GOLD

    http://www.zealllc.com/2011/goldseas6.htm Check the seasonality chart. Gold has followed the pattern almost day for day. According to the seasonal pattern, next week will be the low, although it won't be until November until $1800 is broken.
  11. jsr

    Nanoviricides / NNVC

    Up over 25% today, and on big volume too. And nobody cares? What I think this signals ... Weak hands are flushed. Recent buyers are fresh buyers. A foundation for something much bigger.
  12. jsr

    Nanoviricides / NNVC

    So it turns out orally administered FluCide works. Interesting. http://finance.yahoo.com/news/nanoviricides-reports-oral-administration-flucide-110000620.html
  13. jsr

    Nanoviricides / NNVC

    Yes still about. Have not sold a share since I first brought in Oct' 09. DS, it looked impressive. Some serious buying started just before 2pm EST. I did think they owned the patents already (a sign of how little I understand this sector)? Can you shed some light please on how this affects the company going forward? P.s - I should think this has certainly flipped Allan's model LONG.
  14. jsr

    GOLD

    Yes. All that would suggest tightening liquidity? Have you noticed VIX and Gold are becoming more positively correlated. All it may take is a pullback/correction in the main stock indices to kick start Gold. As for GS and MS ramping, I have no idea what to make of this!
  15. jsr

    GOLD

    Question - Would you rather buy on fundamentals or chart and price action? The problem is, you can never really be sure when buying strictly on the fundamentals. Too many unknown, unknowns.
  16. jsr

    Nanoviricides / NNVC

    POP! And we're off! Who's still in this thing?
  17. jsr

    GOLD

    Very possible. I am surprised at the level of complacency. Has no one been watcing the TED spread? It's on a lazer beam rally! It does bring me some confort that the vast majority of parabolic moves are preceeded by large corrections that break the trend. This is probably the one.
  18. jsr

    GOLD

    I do not know your holding period, but I am almost certain gold will go much lower, $1400's. Key supports have been smashed, so have MA's. A rally upto 1620, but no higher than 1680 is likely, but its down hard from there. We are nearly knocking at final support, I don't think I have seen a similazr pattern which has held. But let's not forget, that a parabolic move tends to be preceeded by a serious drop to flush out all bears. This is the one
  19. Careful, Gold may be done here! BTW, why do you think a weak euro is good for silver?
  20. jsr

    GOLD

    Your explanation makes sense to me. However, your chart shows CB bullion holdings remained largely flat from 75' to 80'? Surely they could not have been that big of buyers?
  21. Hi PosDev. I will be interested to know how you first fell into trend following, what systems you are using, and which books have influenced your style? Warm regards
  22. jsr

    GOLD

    Hey Goldfinger, can you explain exactly what MZM is, to a layman like myself?
  23. jsr

    Nanoviricides / NNVC

    Ooo, we just got some action ... I hope I am wrong?
  24. jsr

    GOLD

    What happens now?
  25. jsr

    Nanoviricides / NNVC

    DS, the way I see it, if we don't take off from these levels in the next couple weeks, we are in trouble. With these OTC stocks which no one trusts, and what seems like a never ending supply of short sellers who believe every other OTC is a fraud, anything can happen! Having said that, it held up well on today's statement.
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