DoctorSolar Posted April 5, 2011 Report Share Posted April 5, 2011 Hi again folks, good setup to short gold right now: http://seekingalpha....h-setup-is-here p.s. I see you have got new design of the website, cool! I love this guy Link to comment Share on other sites More sharing options...
Schaublin Posted April 5, 2011 Report Share Posted April 5, 2011 I love this guy Gotta love Ker it is my dutty to warn about a possible crash in precious metals, Link to comment Share on other sites More sharing options...
Errol Posted April 5, 2011 Report Share Posted April 5, 2011 The pattern we have seen in the gold price over the last month or so tells us that it is preparing for a massive move. Whether up or down ... time will tell. Up. Up. Link to comment Share on other sites More sharing options...
marceau Posted April 5, 2011 Report Share Posted April 5, 2011 http://To da moon. Coincidence? I think not. Link to comment Share on other sites More sharing options...
fitkid Posted April 5, 2011 Report Share Posted April 5, 2011 FOA has been busy writing again well worth taking the time to read.!! http://fofoa.blogspot.com/ Link to comment Share on other sites More sharing options...
drbubb Posted April 6, 2011 Report Share Posted April 6, 2011 whoa! Au:1451.05... Ag: 39.03 That's a nice chart indeed. But we should be aware of this one too: update There's always a constant battle between bulls and bears. Having said that, I am making good money on the GLD calls and bull spreads I bought back in Feb. QUOTE (DrBubb @ Jan 26 2011, 09:30 PM) : Gold "remembers September"... and is headed back (near there) An Old Gap from early October attracts the price THE GAP: 128.62 - 129.87 == QUOTE (DrBubb @ Jan 29 2011, 02:40 AM) I bought; Feb, April, and Dec. GLD call options & bull spreads UNQUOTE== == == Previously the resistance line stopped the rallies. But this time it did not. Instead we got a push through it, and on reasonable volume. Nice. But there's another channel high looming above, and there's something called a "Last Engulfing" candle, which we sometimes see after moves like this push up. (Also the reliable "Fitkid-Ridcule-Meter" is flashing an amber warning) Should I be taking profits near here? The next day or two may give some clues. Here's a KEY CHART I will be using to trigger my next move. And another Anyone interested in how I might use them? Check DrBubb's diary over the next day or two, and see how I get on with them. Link to comment Share on other sites More sharing options...
electroweak Posted April 6, 2011 Report Share Posted April 6, 2011 That's a nice chart indeed. But we should be aware of this one too: update There's always a constant battle between bulls and bears. Having said that, I am making good money on the GLD calls and bull spreads I bought back in Feb. QUOTE (DrBubb @ Jan 26 2011, 09:30 PM) : Gold "remembers September"... and is headed back (near there) An Old Gap from early October attracts the price THE GAP: 128.62 - 129.87 == QUOTE (DrBubb @ Jan 29 2011, 02:40 AM) I bought; Feb, April, and Dec. GLD call options & bull spreads UNQUOTE== == == Previously the resistance line stopped the rallies. But this time it did not. Instead we got a push through it, and on reasonable volume. Nice. But there's another channel high looming above, and there's something called a "Last Engulfing" candle, which we sometimes see after moves like this push up. (Also the reliable "Fitkid-Ridcule-Meter" is flashing an amber warning) Should I be taking profits near here? The next day or two may give some clues. Here's a KEY CHART I will be using to trigger my next move. And another Anyone interested in how I might use them? Check DrBubb's diary over the next day or two, and see how I get on with them. I don't know how valid GLD charts are (I know they show volume), but the point it GLD is not priced at 1/10 of an ounce of gold, why? My assertion is that the market has priced in the fact that this investment is not as good as gold. Also, I feel for that reason there has been some withdrawal of tonnage fom GLD in favour of physical, so is the volume 'valid'? NYSE Arca 'GLD' Share Price Last Sale $ 142.05 Gold Spot Price US$ Gold/oz bid $ 1,454.75 offer $ 1,455.55 mid $ 1,455.15 Link to comment Share on other sites More sharing options...
Perishabull Posted April 6, 2011 Report Share Posted April 6, 2011 Pump up the volume Link to comment Share on other sites More sharing options...
Pixel8r Posted April 6, 2011 Report Share Posted April 6, 2011 I don't know how valid GLD charts are (I know they show volume), but the point it GLD is not priced at 1/10 of an ounce of gold, why? My assertion is that the market has priced in the fact that this investment is not as good as gold. Also, I feel for that reason there has been some withdrawal of tonnage fom GLD in favour of physical, so is the volume 'valid'? NYSE Arca 'GLD' Share Price Last Sale $ 142.05 Gold Spot Price US$ Gold/oz bid $ 1,454.75 offer $ 1,455.55 mid $ 1,455.15 There are big redemptions of physical when the bullion banks need to get their hands on physical in a hurry this happens in GLD & SLV, so it as you rightly say makes their volume figures unreliable for TA. Link to comment Share on other sites More sharing options...
LauraB Posted April 6, 2011 Report Share Posted April 6, 2011 & once more Au falls in Euros (razer-edge style, but still falling). What is the excuse this time, EZ GBP figs?! German manufacturing orders? Link to comment Share on other sites More sharing options...
drbubb Posted April 6, 2011 Report Share Posted April 6, 2011 I don't know how valid GLD charts are (I know they show volume), but the point it GLD is not priced at 1/10 of an ounce of gold, why? My assertion is that the market has priced in the fact that this investment is not as good as gold. Also, I feel for that reason there has been some withdrawal of tonnage fom GLD in favour of physical, so is the volume 'valid'? NYSE Arca 'GLD' Share Price Last Sale $ 142.05 Gold Spot Price US$ Gold/oz bid $ 1,454.75 offer $ 1,455.55 mid $ 1,455.15 GLD has been fully as good as gold (just buy 10 shares, instead of one ounce), with the added advantage that you can trade options cheaply and easily. The PHYS indicator on Wednesday has flashed a possible TURN, see DrB's diary. (It could get cancelled straight away, or be a false signal - But let's watch it !) Link to comment Share on other sites More sharing options...
Pixel8r Posted April 7, 2011 Report Share Posted April 7, 2011 GLD has been fully as good as gold (just buy 10 shares, instead of one ounce), with the added advantage that you can trade options cheaply and easily. The PHYS indicator on Wednesday has flashed a possible TURN, see DrB's diary. (It could get cancelled straight away, or be a false signal - But let's watch it !) GLD will be as good as gold till the day it isn't, then what? Don't you find it funny that JPM are accepting gold as collateral but won't accept GLD shares as such? Have a read of this - http://fofoa.blogspot.com/2011/01/who-is-draining-gld.html Gold has just broken out of a month long consolidation, which displayed the inverse head and shoulders pattern, I think we are now due over $1500 in short order. Link to comment Share on other sites More sharing options...
Pixel8r Posted April 7, 2011 Report Share Posted April 7, 2011 Link to comment Share on other sites More sharing options...
fitkid Posted April 7, 2011 Report Share Posted April 7, 2011 GLD will be as good as gold till the day it isn't, then what? Don't you find it funny that JPM are accepting gold as collateral but won't accept GLD shares as such? Have a read of this - http://fofoa.blogspot.com/2011/01/who-is-draining-gld.html Gold has just broken out of a month long consolidation, which displayed the inverse head and shoulders pattern, I think we are now due over $1500 in short order. Don't you find it funny that JPM are accepting gold as collateral but won't accept GLD shares as such? NO.!!! Would you give ANY value to something that you will be wiping your A** with in the near future.JPM are many things but STUPID is definetly NOT one of them. Its your choice follow the WIZARD OF OUNCES OR FOLLOW THE YELLOW BRICK ROAD.!!!!!!! Link to comment Share on other sites More sharing options...
harvipark Posted April 8, 2011 Report Share Posted April 8, 2011 Gold exploding upwards again. Here we are in the middle of a healthy gold rally and its Friday!! I hate Fridays! Link to comment Share on other sites More sharing options...
rich6400 Posted April 8, 2011 Report Share Posted April 8, 2011 http://www.mrc.org/bmi/commentary/2011/Unreported_Soros_Event_Aims_to_Remake_Entire_Global_Economy.html Link to comment Share on other sites More sharing options...
d2thdr Posted April 8, 2011 Report Share Posted April 8, 2011 http://www.mrc.org/bmi/commentary/2011/Unreported_Soros_Event_Aims_to_Remake_Entire_Global_Economy.html Soros missed out betting big on the housing bubble which culminated (kind of) in 2008. He is not big enough to control global economy. Even a huge war machine like USA cannot control global economy, soros is but a small fish. Link to comment Share on other sites More sharing options...
fitkid Posted April 8, 2011 Report Share Posted April 8, 2011 What colour is your RIDICULE METER FLASHING NOW.? MY WAKE UP METER IS FLASHING GREEN.!!!!!!! http://www.marketwatch.com/story/gold-hits-fresh-record-silver-tops-40-an-ounce-2011-04-08 Gold settles at record; silver ends at $40.61 an ounce Dollar weakness fuels commodities fire SAN FRANCISCO (MarketWatch) — Fears of rampant inflation and U.S. dollar weakness added fuel to gold’s fire on Friday, pushing the metal to a record high, and took silver to a close above $40 an ounce, its first in three decades. Link to comment Share on other sites More sharing options...
tl8177 Posted April 8, 2011 Report Share Posted April 8, 2011 Gold £900.30 Silver £25.00 Link to comment Share on other sites More sharing options...
d2thdr Posted April 8, 2011 Report Share Posted April 8, 2011 Soros missed out betting big on the housing bubble which culminated (kind of) in 2008. He is not big enough to control global economy. Even a huge war machine like USA cannot control global economy, soros is but a small fish. The economy is such a complex organism with so many variables that it simply cannot be controlled. It is the height of arrogance that our politicians and so-called economists think they can control it. And it is the absolute height of arrogance that they attempt to do so in such a way as to ALSO benefit their selfish goals. Link to comment Share on other sites More sharing options...
sine270 Posted April 8, 2011 Report Share Posted April 8, 2011 Gold £900.30 Silver £25.00 Yes, silver up 126% in the past year. If you tryed trading that, you'd loose a lot more than just your knickers Link to comment Share on other sites More sharing options...
fitkid Posted April 8, 2011 Report Share Posted April 8, 2011 The economy is such a complex organism with so many variables that it simply cannot be controlled. It is the height of arrogance that our politicians and so-called economists think they can control it. And it is the absolute height of arrogance that they attempt to do so in such a way as to ALSO benefit their selfish goals. It is the height of arrogance that our politicians and so-called economists think they can control it Absolutely correct the central issuing banks using the Rothschild formula would be incensed that you could even imply such a thing. ONLY THEY CONTROL. It is the absolute height of arrogance that they even devised such a plan,execute it brilliantly and actually achieve their selfish goals. Link to comment Share on other sites More sharing options...
G0ldfinger Posted April 8, 2011 Author Report Share Posted April 8, 2011 I am going to be offline until after Easter. Don't let them steal your eggs, and watch silver! Link to comment Share on other sites More sharing options...
Jake Posted April 9, 2011 Report Share Posted April 9, 2011 I am going to be offline until after Easter. Don't let them steal your eggs, and watch silver! Have a good trip! Hope you are going where there are no tsunamis/earthquakes (Scotland- ) Remember my offer of a guided Japan trip for 'a few ounces'. If it all goes well for silver, you may pay in that currency. Thanks for all your comments. Jake. PS When is Easter? Link to comment Share on other sites More sharing options...
BelfastBoy Posted April 9, 2011 Report Share Posted April 9, 2011 Have a good trip! Hope you are going where there are no tsunamis/earthquakes (Scotland- ) Ummm... The east coast of Scotland was struck by a 70 feet (21 m) high tsunami around 6100 BC, during the Mesolithic period. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now