bobcollett

No problem Patuca, Sticky fingers....... I assume Mr Skiff is discussing the general market and not Gold.(Deaf, cant hear the video) When is this crash going to happen? No dates are given. Or do we just sell all our long term positions and wait, watching the market make new highs for another 3 months. kind regards bobc

Hi Patuca, RULE no.1 Trade with the trend The S & P is UP ..... stay long Gold is DOWN..........stay short regards bobc PS Until Friday . Beast Cycle on Monday

I am always searching for a clue to a "Top" or a "Bottom" Now is there a correlation between Gold and the S & P? The articles I googled were here and there. So I am unscientifically proposing a Negative correlation. While the S & P is going Up , Gold is dropping And V/V. Thats an easy way to see a top/ bottom. If its true? regards bobc

Voted best joke of 2013 bobc

Some more for the disbelievers, S & P Capital IQ cut earnings growth outlook from 16.5% to 3.3% ......80% decrease. And the market will take a week to react to this info. That doesn't mean a recession.The market is still growing But the market has priced in 10% earnings growth. .... 3.3% means a 6% drop. Of course, who says Capital I Q is correct. !!!! Now what happens to Gold when the market falls? regards bobc

More bad news As zdo said, an interesting week ahead. But it looks like the following week commencing 21st May is a killer. Thats a BEAST Cycle Dont worry how it forms Worry about what happens.... it indicates a major TURN in the market. If the market is down , it turns up and v v. PAST BEAST CYCLES (it happens only now and again) 1962 High Market dropped for 3 months 1974 Low Big swing up 1987 High 20% drop in one day 2000 High Dot .com bubble . Nasdaq collapse 21st May 2013 .......The market is at a high (date is never accurate) Be careful if holding positions in big markets... Dow S& P Dax etc. regards bobc

Hi elovemer You have'nt been around for 2 months........I missed you Thats 3 posts in a row showing full stops ............................. What does this mean? I know you dont usually reply to my stupid questions, but make an exception. regards bobc

C'mon Larry You haven't finished. Who will buy all these institutional bonds that the US Fed and Japan have bought and will have to one day sell to balance the books? Do you think the banks will buy them back when the coupon is near zero .... no interest.? Sure they will, at 50% discount. So what you should be telling us is that all the pigeons who hold Govt bonds have lost a lot of money.And Govt bonds are supposed to be guilt edged!! You have painted the sunny side. Now lets see the other side. regards bobc

I want to add a 4th dimension to my tools .... the GROUP MIND. And this will open another can of worms.More snide remarks on top of the Full Moon. The technical trader will say every thing is shown on the chart. Psychology is not required. The price action trader (Brooks) will say just watch the price. The fundamentalist will say earnings govern price. 4 members on this thread all agreed that Gold was going down. What was on their minds? Heres a nice quote by John Burman...(never heard of him) "Our thought directions are mostly not our own but come from the group mind -which is itself a product of collective feeling at deeper levels. That is why suddenly the mood changes and society ( traders ) moves in a new direction." It requires a Group of people to sell Gold down $32. Why did the mood (trend) change? The media will try and explain this after the event. Our deeper levels are beyond my competence. The Gold market has closed for the weekend. Asia will open on Sunday night my time.Thats a BIG group. What are they thinking? Or am I wrong in this group mind theory. Is it simply the retailers panicing and selling Gold down , and the big boys (MMS;) )waiting to add to their positions at a lower price. Normal trading activities.There is no group mind. Comments are welcome. regards bobc

I did not want to SELL short and hold the position over the weekend. My market closes in 45minutes. I have missed a big move :crap: No prawns and smoked salmon this weekend Decisions, Decisions ? OK ...Reduce size to 2 contracts and sell short now.. regards bobc PS Sun Trader , where did you get that smart little Icon?

Hi zdo Correct I do believe that the viibrtions (excitability) caused by astro affect big markets more. There are more participants. So Gold might just go sideways while the Dow moves down strongly.I also believe you cant use astro on its own as a trading signal.You need other info. I actually think you know all this and pose your comments as a sort of test,never quite disclosing your own trading methods. kind regards bobc

First the astro Tomorrow is New moon. Markets weaken 2-3 days after New moon Tomorrow is a Solar eclipse ,which usually means a change in trend. :helloooo: Now the technicals The short term trend remains UP The market is going sideways....it looks like Distribution. The attached chart shows lower highs and higher lows..... thats a pennant forming. It can break either way !!!!!!!!!!!! :missy: Now the fundementals MY VERSION :crap: The Germans want their New York Gold returned to Frankfurt. And New York dont have it??? There is a shortage of physical Gold Asia is buying There is still strength in the market. Now my gut feel ..... the losers method I will sell SHORT 5 contracts on Monday, subject to Asia trade closing lower. Looks like I'm going with the Astro. regards bobc

Hi Larry Interesting thread. Do you trade for a living? regards bobc

Mr. horseShoes and Seeker, well done , you are smarter thsn me

Oh dear. More. We have a Solar Eclipse on May the 9th. Dont say I did'nt warn you regards bobc

This is for Patuca....................

I pray this does not happen........... But just in case, I'll close all positions after the 10th, just for a few days, and spend some time with my race horses. regards bobc

Some Asian markets + my SA market were closed today.Workers Day Waste of makeup day. Some technicals.... Gold has closed the big gap of two weeks ago and retraced about 60% Now its going sideways with a nice pennant forming.... see attached The breakout should be UP THE TREND REMAINS UP. Its a positive Lunar green period. Big buyers somewhere. QE continues There is a big shortage of physical Gold.There is a waiting list for Kruger Rands in SA BUT I am nervous The pennant shows lower highs The stars will fall on our heads from the 5th -7th May.No discussion will be entered into. So I will quietly close my long position until the 7th May. regards bobc

Hi Ammeo, What do you think has driven Gold up from 1340 to 1475.? I dont know . But when I look at the market I see Asian pushes up the price and then for the rest of the 24 hr day , the price seems to go sideways.. Who do you think is buying.....besides MMS and zdo? regards bobc

Hi Ammeo How did you work out the above? My broker ,IG Markets, tells me 74% of their Gold clients are LONG. I also hope it gets to 1200. Thats a BIG short sale. BUT at the moment..... Gold is now trading at 1476. New stop at 1470. I am tempted to add another 5 contracts, but every time I do that the market retraces. My target is now 1500 .Pure greed. regards bobc

The short term Gold trend remains UP Gold bumped 1440, 3 days ago and is back there, a small resistance. A market moving up in a lunar red period is a sign of strength. Heres an easy trade for me... Buy the breakout above 1440 with a tight stop below 1440. I might have to wait a few days regards bobc

Hi kuokom I cant answer that with authority.I am still learning. The basis of my study is we are wired to astronomical conditions. The tides etc The female is hardcore wired to the Lunar cycle .... 28 days. The male is hardcore wired to ............?? Changes in external conditions cause excitability in us. So a X flare from the Sun makes us do stupid things. I think its all about the biggest force in the universe... magnetism. How it works is the problem My theory is that BIG markets with lots of participants ( S & P ) are affected more than a small market like Gold/ Silver. You come from Luxemburg. That indcates the DAX. Thats a Big market. regards bobc

HOW JP MORGAN & THEIR CO-CONSPIRATORS ENGINEERED THE GOLD CRASH & WHY « The Burning Platform Heres the best article I have read on the BIG FALL in Gold bobc

Hi zdo Tomorrow is Full Moon + a partial lunar eclipse + a big solar flare (condition red) It usually takes a few days but Big trouble coming. Expect markets to weaken. regards bobc

Hi ST I need to look at your cycle a bit more carefully "Terminator"