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bobcollett
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Everything posted by bobcollett
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:offtopic: I would really like to hear some thoughts on OIL. There is massive over supply :helloooo: How can the price go UP.? Manipulation? Or just plain volatility? I am trying to find a correllation between Oil and Gold :missy: (OK Michael. I did see your post on correllation. It works until it stops working..) Even if you are a complete novice and know SFA,please express your view. I will support you if some redneck from Mississippi attacks your view Sorry zdo. Kind regards bobc
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Hi zdo, When Gold moved above $1100 , I moved my stop up to 1096, and was stopped out the next day. Profit of 7 points. Gold reached my target of $1120 in Asia this morning and I have no position. WT..ck But today I expect a big move for marginal gold stocks. I have defraged the computer, cleaned the keyboard, all prepared. :haha: regards bobc PS What are all the bears doing while Gold goes up. Are you facing this hugh drawdown, or did you have a stop in place , and at what level? Or did you never have a position in the first place and it was all talk?
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Well zdo, I have a few issues with this Bullish or Bearish nonsense.. Very few members are actually trading Everybody is a bear, with lots of noise.:doh: NOBODY, except you ,POSTS WHEN GOLD GOES UP :helloooo: The market goes up and down :doh: I have all sorts of correllations, ideas, proofs., technical sollutions, etc. BUT GUT FEEL, thats more than 10 000 hours of screen time,tells me that when the stock market falls, Gold rises.. And today the market went UP, and my position went down. WTF>:crap::crap: I know. Its not very scientific. regards bobc
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LONG 2 contracts @1091 Stop 1088 Target 1120 bobc
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And here an interesting supporting my comments SA gold shares may sustain bump in revenue bobc
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Hi Michael Not quite sure why you posted the $ Rand chart? I use it for trading marginal gold mines, not so much Gold. A marginal mine is one producing at a cost higher than the price of the commodity. Its a fantastic correlation. A small increase in the price of Gold , and a weakening in the Rand, leads to a BIG move in a marginal Gold stock. With low risk The problem is the Rand is heavely traded in Asia, (carry trade) which closes before South Africa opens.. So a favourable move will lead to a GAP opening,which is often the move for the day.See attached chart of Harmony Gold .... a terrrible stock, but it more than doubled since Dec. on a small rise in the Gold price. I think its listed on New York as an ADR. Worth a look :missy: Google" SA shares listed on NYSE" for other possibilities kind regards bobc
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It was a surprise. :crap: Chinese central bank released DEC. trade data early, which steadied the yuan and the stock market This trade data was positive with exports far exceeding imports. Expect Gold to go back up if this data reverses end Jan So we have a month of bearish Gold. No wars expected this month Bobc PS I now have two edges to trade Gold.... $ / Gold negative correlation .....China trade / Gold negative correlation :)
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Introduce Yourself Here - Don't Be Shy!!
bobcollett replied to trading4life's topic in Beginners Forum
Hi monica 88 I dont usually post on this thread, but your 88 caught my attention. :missy: 8 is the luckiest number in Chinese, so you must be Chinese and double lucky:roll eyes::roll eyes: This is NOT the place to reply to your request. Start a new thread with the same request, or post this on "Gold , bullish or bearish" Maybe I can help kind regards bobc -
Hi David You will learn after a few years on TL that when you post something unscientific, people will challange you. :helloooo::helloooo: I am NOT trying to knock your post. Just curious.:fight: Why do you think the US economy is weakening? Unemployment remains at a healthy 5%? Why buy Gold if the economy IS weakening? Inflation? Safe haven? kind regards bobc
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You dont have to call a bottom to BUY It called counter trend trading :) LONG @1078 STOP now @1099 TARGET 1120 , then 1125. Danger .. big positive job US report on Friday. ... US $ rising. Catalyst....CHINA falls. GOLD rises My view regards bobc
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Dear Patuca, Missed you ;) Happy new year. :cheers::cheers: Kind regards bobc
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SunTrader Your levels are too far from the price. If I had to wait for that sort of pullback , all my profits would disappear. What would get the Gold price back up to 1100? I think NO RATE increase by the FED in Dec will do the trick. $ down today and what with Turkey shooting down Russian Mig, I am getting nervous Closed my SHORT. bobc.
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Hi SunTrader I like this. Gold is up a bit... $ down. When do you SELL again? Do you have a level/ resistance? kind regards bobc
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271 000 jobs created :helloooo::helloooo: Get ready to short bobc
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For all the Gold bulls..... Tomorrow morning the Non Farm Payroll report is published. The experts expect 180 000 new job created. Thats the number for Gold. If its higher than 180 000, the market starts pricing in a rate hke in Dec. That means a stronger $, and Gold breaks below 1100. It also means weaker OIL and the stock market will take a hit. If its below 180 000, we can all relax. So a strong economy , more jobs, strong $, actually sees a pullback in the market Does my reasoning make sense? bobc
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Hi Zdo Over the years you have told us why you prefer Silver And we are all aware of the positive correlation between Gold and Silver. Silver is falling with Gold at present Please tell us again why you favour Silver.Or are you just buying coins for a rainy day? kind regards bobc
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Hi Zdo Thank you for an honest answer. You are basically a good person. I have some Silver questions for you tomorrow. Its sleeping time in South Africa:sleep: Kind regards bobc
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Hi Eddie, The $ is stable. The Stock Market is good. US growth is great. Demand for PMs is not exciting. Chinese misdirection.. And you are predicting a bounce.? Do you have a LONG position? regards bobc
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Hi Zdo You have excelled in your latest post..... you have fooled me.:confused:: I dont get your point.:doh::doh: I realise coming from Romania, language can present a problem.:haha: Are you still LONG Silver? :) kind regards bobc
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The Gold price is inversely proportional to the US $ The $ is falling . The Gold price is rising. Why is the $ falling.????? How far will it fall? regards bobc
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Not so fast Suntrader It must break 1105 with increasing volume to go short regards bobc
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To those of you looking at a long in Platinum, BE CAREFUL.. South Africa produces 80% of the world supply Last year the 5 month strike saw no production. We expected a shortfall and a rise in price. Well, the price went down, because of huge undeclared stockpiles. And those stockpiles have not disappeared. We have the added Volkswagen debacle, which sees diesel vehicles in a very negative light. Another damper for Platinum/ Palladium. I trade platinum stocks..... SHORT. The biggest plat stock is Angloplat.... R700 two years ago . Closed today @ R229.... down R6.83.. Barley for the race horses. bobc Sunny South Africa.
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LOL:rofl::rofl::rofl::rofl: bobc
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We have a catalyst China announced "strengthen fiscal policy, boost infrastructure, and speed up tax reforms " Thats good for the S & P , GOOD for the $ ,and BAD for Gold.... SELL bobc