SunTrader

Right now it. What it will be "worth" in the future is anyone's guess. Gold used to "worth" something north of $1900 :doh:

What was there something like five people in the audience? Fiat Chicken, I like that. Otherwise known as Pieces/Parts Chicken. But he uses the same old same old that people valued money only because it was backed by Gold which had value. Yeah but then w does Gold have value? Dig it up, sell it to someone else, who then bury it back down in the ground. Sounds like a value proposition to me. Well more like sounds like a good sales pitch to me. Anything no matter how precious or how many industrial uses there are is only as valuable as the market place says it is.

Then that means you expect to be doing a lot of buying.

Nothing like a bearish market to quiet all the bulls.

Its looking good to me. But then I'm partially to the downside and have been for ..... it seems like forever. Stairs up, elevator (shaft) down. Should be a bounce coming - probably another good shorting opportunity. Then we'll see what FOMC has to say.

bulliiiiiishbeariiiiish

How low can gold go? How low can gold go?

2014? how about in another day or two.

No the ones you were talking about: 1x1 or 45 degrees.

You did see what I added to post# 1125 right? But BTW did I miss any charts with these Gann angles drawn on them.

Should have said O under an important long term swing low. Not far left corner. edit: Forget about it. Actually I was thinking of another Gann technique. 1/8ths etc projected up off 0 and down from important highs.

Gann used 0 as a starting point to draw up 45 degrees and important long term swing highs to draw down.

Took me awhile to come up with something appropriate - this will have to do:

Got another chart. In retrospect is it any wonder price turned last Wednesday - as it approached zone including top of high volume spike down day from 4/15/12. Also notice divergence between price and rate of change indi on bottom:

Oh I am confident but one can never be too confident when it comes to trading and probabilities. I'd say 70/30 or maybe even 80/20. But chart is showing ABC correction over at recent swing high and bear market resuming. But for good measure a daily close (not intraday) below 1343 trendline marker and it is on. Aug 28th time, price and pattern - with a pinbar thrown in for good measure says so. Note time equality of wave A (16 days) and wave C (15 days)

Oh its over (the rally). If I am right that is?

Bob, Added another to my post above. Sun

A bunch of spread charts I've been working on. Gold/Silver, Gold/SPX, Gold/US Dollar and Gold London am/pm Fix in USDollar and Euro:

We know, we know .

I agree. I think we are getting our signals crossed. Downtrend was meant only as the current move down from highs. Trendline (so far) and trend overall is still up. :thumbs up:

Bounced today. Need to break this if downtrend is to continue:

:haha: On another forum in a former (cyber) life I was "Son of a ...." ahem different kind. Don't want to give it away completely in case there are any current members lurking here as I still am over "there" but under a new name.

Bearish? I haven't seen it get bullish yet - on the time frame I trade.

If it were me I would still be trading because I prefer to limit losses, not wins. Per day/week/month.

But many of BH stockholders never sell. Doubt it is the same for holders of Gold. To the same extent.