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FWIW

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Posts posted by FWIW

  4. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    ya gotta learn to play it right.

     

    You got to know when to hold em, know when to fold em,

    Know when to walk away and know when to run.

     

     

    Don't forget : LAW OF CAUSE AND EFFECT !

     

    "BIG CAUSE = BIG EFFECT"

     

    GOLD : $1240 USD = $71

     

     

    FOLKS,

     

    Again,

     

    "TRUST YOURSELF "

     

    Have a Good weekend ! :)

     

    Well said Jesse!

     

    Wanted to get your thoughts on this picture:

     

    e5g32f.gif

     

    I think she will go down to at least 89.66...

  5. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    thats not a Bullish Engulfing IMO. - the low needs to be below the previous days low

     

    Well 4 out of 5 aint bad....well after having a closer look, yesterday's close was 926.30, today's open was 926.

     

    5pj2uw.gif

     

    So there you have it 'technically' I am right! So it is 5 out of 5!

     

    The fisherman's also just posted some lovely TA...cheers jesse - I thought I was the only one on here who liked pnf charts!

  6. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Some more observations...and some pre-flight checks...

     

    Candlesticks - check

    Cup & handle - check

    Bounce off lower median line - check

    Highest close in 14 days - check

    Closes over 38.2% Fib retracement - check

     

     

    senod3.gif

     

    Some concerns...

    Friday is a holiday in US, so tomorrow ppt will probably pull us back down a bit; may be a great time to get some more gold?

     

     

  7. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    OK - I thought I'd give a quick update on my observations on the daily 'cup and handle' candlestick formation. I have used SMA, Median Lines and Fib retracements.

     

    oazv6c.gif

     

    I will not enter a long trade until I see a retest and confirmation of support at the 916 to 920 area. This is highlighted in the green circle.

     

    I am sure PPT want the price to be somewhere in the region of 880, which would continue the flat 12 month sma.

     

    Also, as Tim Morge (http://www.medianline.com) say's "Head & Shoulders" is just a shampoo. :P

  9. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I love it, but of course strictly speaking, it should be "to zero, and and beyond"....for fiat currencies :D

     

    Actually I think the correct term would be 1 over infinity...as close to zero as you can ever get, but not zero! Paper and ink must cost something!

     

     

  16. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I had a look at Goldfinger's charts. These are my observations:

     

    Looking at the chart below, I saw two distinct areas of support and resistance. I also highlighted the 60 horizontal line, as it looks to be a good mid point.

     

    2vt5j6r.png

     

    The shorter horizontal lines are me thinking of the extreme high and low values.

     

    I used them to put a fib retracement overlay on to them. I had to guess at the values as 101 and 5 as I don't know what they really are.

     

    efhx5c.png

     

    What is nice to see is that the 38.2% fib is providing support at our support area.

     

    So what are my conclusions?

     

    I don't think we will see the GoldSilver ratio less than 40 again. (but never say never especially if gold goes up and silver stands still)

     

    GF - would you be able to plot the difference or width between the gold and silver price? I am not really very familiar with thinking in ratios...I think if could overlay them then it may look a bit like bollinger bands? Just thinking out aloud...while i'm at it simple moving averages of 10, 20 and 50 months would be really cool!

  17. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I'm not practised in TA but those lines do look to have some reasoning behind them, and I like the conclusion :P . What about the top of the identically sized green and red bars after May '06 for support?

     

    Have you done TA on the gold/silver ratio? I notice it's gone back above 67 from being 62ish a few weeks ago.

     

    The May '06 support is around $13, so could work. I bet there are a load of buy orders between 13.0 and 13.6; I wish I could see these orders.

     

    I wouldn't mind trying some TA on the gold/silver ratio, anyone got the data handy? Or a website that tracks it?

     

    Also today we tested 13.6 area of support again, and survived...

  18. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I thought as I have my TA crayons out, I might as well have a look at Silver. I have been ignoring ag for a while and just concentrating on gold!

     

    Anyway, here are some of my observations:

     

    1) The 38.2% Fib level is acting as support. This is around $13.64 level.

    2) The 9 Month SMA acted as Support and Resistance in the past

    3) All the moving averages are lined up correctly and the Trend is screaming UP!

     

    2cn70ba.jpg

     

    Actually looking at the Silver chart has made me decide to buy more silver rather than gold!

     

    Anyone got an opinion? (I know opinions are like ar*eholes - Everyone's got one!)

     

  19. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Thought I'd put on my TA hat for the monthly gold chart.

     

    33xuhd5.jpg

     

    Something really interesting lept out at me in this chart. Can you see the 12 month SMA is acting as resistance and then support? The fact it also looks to have flat lined could be a conspiracy theory post in itself, but let's not go there (yet).

     

    It also coincides nicely with a 61.8% fib...

     

    Also, I drew 2 Median Lines, one from 2004 and one at the same angle for credit crunch era (2008). Can you see the ascending triangle with the 100% fib level?

     

    If my daily 916 doesn't hold, then my monthly 904.55 will be where the fight happens, and if that does not hold then 880 will be where wars break out.

     

    I don't know or really care how much gold will go to; I only care that when I buy my physical the spot price is the lowest.

     

    Is there anyone out there who has a different opinion? I am open for alternative views or even views that support me!

  21. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I am still observing the Gold Cup & Handle formation as I believe this week will be a key week for gold.

     

    14uf2qe.gif

     

    I am looking at 3 key peices of information:

     

    1) 916 act as resistance and support in past - will 916 area hold?

    2) 38.2% Fib level is very close to 916 level (If you draw the fib disregarding the shadows then it is bang on)

    3) 100 day simple moving average is very close and may act as support.

     

    Anybody like to discuss?

  22. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Good read here with important history...

     

    Might help some people or it might not...

     

    http://www.gold-speculator.com/mark-lundee...lver-comex.html

     

    Quote I Like:

    The “reserve currency” feature in the BWA made the US dollar gold’s replacement for monetary reserves internationally, and the unit of account for settlement of international trade imbalances. To protect the system from inflation, the US Treasury was not to issue more than $35 paper dollars for every ounce of gold held in its gold reserves. Unfortunately, no one has more disrespect for Federal Law than Washington’s “policy makers.” Ten years after the ink dried on Bretton Woods, we see in the chart below how Washington started printing paper money in excess of its gold reserves.

     

    After WW2, much of “America’s gold” actually belonged to European banks. Their gold was brought to America during the 1930s for safe keeping from Hitler. They had no problem depositing their gold in the NY Fed’s vaults, * until * Washington began printing paper dollars in excess of their gold reserves. For the second time since 1913, the paper dollar became inflationary.

     

    2836d1244939222-bear-market-race-bottom-week-87-manipulation-gold-silver-comex-dc4bfwv3_563hj9xtxhk_b.png

  24. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I'd like to publicly thank CGNAO, GoldFinger, Bubb and all the other great posters on GEI that have given me the history, courage and conviction to 'understand' gold. Well at best as my little brain can cope with!

     

    I wasn't even alive when we went off a gold standard on 15th August 1971, but in case you remember it or need to be reminded of it here is some mood music of that era.

     

    From:

     

    8. I'm Still Waiting

    Diana Ross - Chart Topper: August 21 - September 18

     

    "I'm Still Waiting" first appeared on Ross' 1971 album "Everything Is Everything".

     

    It was a mild success in the US, reaching No. 63 on the Billboard Hot 100 singles chart. However, in the UK singles chart, it reached No.1 for four weeks in August 1971, prompting a re-title in the UK of the album "Surrender" to the title "I'm Still Waiting".

     

    Although initially intended only as an album track, BBC Radio 1 disc jockey Tony Blackburn featured it heavily on his morning program and persuaded EMI, who then issued all Tamla Motown material in the UK, to release it as a single.

     

    I can't help but read 'more' into the UK album title change!

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