bobcollett

You are correct But I only got in at 1241 .and out at 1255. Waste of a make up day. regards bobc

Dear Patuca My friend ... Remember when we drank Tequela on the beach...... Remember when we looked at all the girls ...... Remember when I said ....TAKE YOUR GOLD LOSES AND START AGAIN Do you remember? Me neither :rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl: BUT Your friend Bob

Hi Patuca I wish I could say yes.......but I am still learning. regards bobc

Hi Patuca Yep .Long gone. My wife is already spending the money. Now I have to start all over I would like to take my hat off to Mighty Mouse He called the trade correctly..... in advance If hes got 10 points @ $25 x10 contracts= $2500 . Fantastic Thats R25000 in my currency. Enough to buy a very good horse. And maybe hes got a bit more , and maybe hes still holding. regards bobc

Hi Mighty Mouse Do you have any ideas on Coffee ? I am thinking of a Long trade I need to diversify a bit. kind regards bobc

WARNING Gold now at 1247 Close all Longs at maximum 1255. Thats about 20 points profit. Leave something for the next guy. Prepare to see a bottom by mid July, latest mid August. regards bobc

And for all the disbelievers, the infidels,and thats everybody except zdo. I warned you all about 20 th May. The TOP came a day later. Heres a nice chart with accredition to platy of Planet Forcaster regards bobc PS Very choppy markets coming in July

Hi Mm Searching for my Beast Cycle post I read the above I though only SunTrader and I were Gold bears We have eminient company. regards bobc

Hi Henry Where did you get this info. from.? Google Goldman Sachs Financials Cash and equivalent + money markets 2009 $22bil 2010 $56bil 2011 $12bil 2012 $6bil Cash balances are getting smaller The banks are not sitting on money. They are buying equities and it looks like they have NO money to loan. Heres another anology The market had a big correction in 2010 .Cash went up. No bank buying. Now go and google a British bank like Barclays and check their cash Kind regards bobc 4

OK ntrader Dont generalise. Give us your view If you are wrong ,so what.. You did not lose your life. But you have to commit. And YOU WILL LOSE MONEY to get it right. Lets start with the entry point !! regards bobc

Dear ntrader, You got it right The trend is down So how are we going to make money with your info? :cool: kind regards bobc PS To all those Gold Bulls, (thats everybody except Sun Trader and I ) this correction might be an opportunity to get OUT AND CUT YOUR LOSES.

Hi Patuca Yes . I was referring to you and you were not scared to reply , and reply with very good comments. You are a good person. I think just lonely , living on your own in the jungles of Belize. So take half Fridays bar, that includes the tails ,....54 point / 2 = 27.Add 27 to 1234 = 1261, and if it breaks above that point, WITH GOOD VOLUME, we're in LONG. Could work. May I suggest an alternative BUY on a CLOSE above the MA ,which is about 1251.WITH GOOD VOLUME Either way GOLD is going up tomorrow.WITH GOOD VOLUME BUT ,we have to wait a while for an entry signal . And we have both put our heads on the block if we are wrong More....... Trend traders The trend is DOWN... Dont go long. Correlation The DOW closed down. Gold will go UP Technically (especially for Sun Trader) GOLD is very oversold. BUY at the -30% level on the RSI FIB level support is at 1153 and then at 1088 Big bullish reversal bar on Friday Elliot wave traders...... You will lose your cash either way. Fundamentals Somebody is buying...BIG........kuokoman? Astro Lunar green period ....markets strengthen, Gold weakens. We do have a TURN over the weekend which means Gold goes UP for a short while. Next TURN date is July 4th. TTT... Taylers Trading Technique OMG Tomorrow is a SELL day .Wheres elovermer? The Frank Sinatra Way ........my way Buy for a short term gain IF Asia is up and there is volume. kind regards bobc

Heres the chart for Gold Whats it going to do tomorrow? bobc

Hi MM There is one part left out of this ..... Banks dont make money by increasing their reserves. (Capital) They make money investing their reserves. So they swapped their reserves for equities They bid up the markets, and their reserves , now in the form of equities, went up. And us poor retailers are buying the top. But there is risk to the banks .If the market had to fall by 10% (guess),the banks would scramble to get out to preserve their capital.Thats when the proverbial hits the fan. How do I profit from this? Watch volume. Volume preceeds price , so a big fall in volume over a period tells me the banks have stopped buying. I think the market is going up because the Bond market has callopsed, so my idea is not imminent. regards bobc PS If the market falls , the biggest losers will be the banks. Comments please.

Well....Gold went all the way down to 1181 and then closed at 1234 on good volume Is 1181 the LOW? We have a few members who just look at a chart and can give an opinion / prediction No indicators Would one of them please step forward . Dont be shy. My short was stopped out at 1205. Greed. 25 point given back. Thats quite a lot of money for me. So I need to get back in tomorrow.Thats actually tonight for the ASIA market. What do you think.? Long, short, or stay out till the next TURN on 4th July? More to follow later. No golf today..... studying Gold chart. :missy: regards bobc

Oh Dear My analysis is wrong A stronger dollar makes imports cheaper. More job losses. So the strong dollar is not a FED initiative Back to the drawing board sorry. bobc

0 out of 10 for instruction Why Patuca? What do you see in the chart? I think you are cheating. You saw the DOW closed down a 100 points last night. You have to post your view in advance. regards bobc

Hi Patuca We are all importing deflation by buying cheaper and cheaper goods from Asia. Cheaper goods improve our lifestyle but corrode our manufacturing jobs. And it will get worse The easiest way to raise GDP is to print more money, thus causing inflation. The FED WANTS inflation.But everyone else caught up and inflation never happened Now the FED has a new trick. .... a very strong dollar The strong $ will increase the price of imports and maybe bring the jobs back home. How they will ever pay off the debt is another story.Your idea of making the dollars disappear is not so far fetched.In 1932 Germany chopped off 9 didgets and saved their economy. The middle class lost everything so a little war was a nice distraction. I think I will have to store some silver coins somewhere. :2c: regards bobc

Hi Gekko Why would the gorrilas attack something that makes sense? And your highlight "YOU WILL LOSE MONEY"is the holy grail. Accept and understand that fact and you will prosper. It does take a while. regards bobc

I saw, and hes got you associating with Mexican women :haha::haha::haha: Well ,if you're a Mexican, thats normal.

Hi Patuca I hope this is'nt going to be another version of your famous "yet" riddle, where every one had to shout monkey three times before you gave the answer. regards bobc

Hi Patuca I cant answer that. If I knew how each day would close I would move to Belize I can tell how each day will open simply by looking at how the futures are trading. But I think you have some ideas , and I am would like to hear them. regards bobc PS Sun Trader does have you on ignore, so you dont have to share with him .He'll be sorry.

Sorry SunTrader, I took your comments seriously :doh: regards bobc

Hi Patuca, I will lay my bottom $, the ES closes down , based on the above chart. I can see a "five finger " pattern.Can you see it .... three down bars , then two up bars. When I was young, thats just a few years ago, this "five finger "was a ...... never mind. regards bobc

Concentrate SunTrader You have been short for such a long time Why did you change your mind? Dont let Patuca influence you. You still need a bullish divergence bar to go long, and that was'nt there.. Not a train smash. regards bobc