Gold Bullish or Bearish

[Patuca 13]

You are free to take either or no side of a trade, but you are not free to escape the consequences of your decision.

.................and??

[bobcollett 10]

The trend is DOWN

 

The $ is at a 7 week high

Bond yeilds are at 3%

And there are war drums sounding in Syria

Gold does not look so good

And my chart shows no volume below 1360, so if it goes to that level, the next stop is 1340.

For the last few days Gold has held steady and then dropped after the London PM fix.

Thats the DANGER time

My astro charts show a change in trend eminent, so I have no plans to sell SHORT.

BUT....With all the negative correlations I dont know how Gold is going to go UP

On the other hand,perhaps 1340 sounds like a good starting point .

regards

bobc

[tradingwizzard 10]

The trend is DOWN

 

The $ is at a 7 week high

Bond yeilds are at 3%

And there are war drums sounding in Syria

Gold does not look so good

And my chart shows no volume below 1360, so if it goes to that level, the next stop is 1340.

For the last few days Gold has held steady and then dropped after the London PM fix.

Thats the DANGER time

My astro charts show a change in trend eminent, so I have no plans to sell SHORT.

BUT....With all the negative correlations I dont know how Gold is going to go UP

On the other hand,perhaps 1340 sounds like a good starting point .

regards

bobc

 

hi bob, quick question........what does GOLD do when war drums are sounding?

[bobcollett 10]

hi bob, quick question........what does GOLD do when war drums are sounding?

 

Hi TW

Uncertainty of supply will lead to a rise in commodity and precious metal prices.

And a fall in the price of stocks

But its very short lived AND JUST A FEW DAYS LATER everything is back to normal.

The US House of Representatives sits on Monday to debate Syria.

regards

bobc

PS ...and its New Moon.The index weakens about 3 days after NM.

[tradingwizzard 10]

.................and??

 

you didn't share the feelings with the new status.....I was just curios how you feel at these levels

[Patuca 13]

you didn't share the feelings with the new status.....I was just curios how you feel at these levels

gold is bullish..no doubt about that...however, there will be many of my famous ATM zones to make money coming and going.

 

GOLD IS BULLISH

 

Patuca

[Patuca 13]

you didn't share the feelings with the new status.....I was just curios how you feel at these levels

Thanks..i finally got out of the complete idiot level! I'm feeling better already... I didn't know i was at the guru level. I have been working outside in the sun and feeling faint. My powers of observation must have failed me...

[tradingwizzard 10]

Thanks..i finally got out of the complete idiot level! I'm feeling better already... I didn't know i was at the guru level. I have been working outside in the sun and feeling faint. My powers of observation must have failed me...

 

.....I want to propose you something....what would u like to be written there in orther to make u feel better and catch more fish? ...including the big shark bob here

[SunTrader 10]

How low can gold go?

 

How low can gold go?

[Patuca 13]

How low can gold go?

 

How low can gold go?

How high can gold go?

 

PS Gold is bullish

[tradingwizzard 10]

How high can gold go?

 

PS Gold is bullish

 

right, is bullish.......you are talking about the actual assett or the price action?......if the last one, on what time frame?

[Patuca 13]

right, is bullish.......you are talking about the actual assett or the price action?......if the last one, on what time frame?

both...it is bullish on monthly chart..bullish on daily chart..maybe getting bearish for ATM strategy on 5 minute chart.

[SunTrader 10]

bulliiiiiishbeariiiiish

[tradingwizzard 10]

I don't know how many of you are familiar with the Murrey lines but that weekly chart presented in the attachment is not looking good......both based on the pattern (contracting triangle that broke to the downside acting like a reversal pattern) and the Murrey lines.......the bull/bear line, the blue one, should attract

[SunTrader 10]

..... but that weekly chart presented in the attachment is not looking good......

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.

[SunTrader 10]

Nothing like a bearish market to quiet all the bulls.

[MightyMouse 12]

Nothing like a bearish market to quiet all the bulls.

 

They lay in wait for another 15 minutes of fame.

[Patuca 13]

:

Nothing like a bearish market to quiet all the bulls.

I shall remember this...:haha: :haha: :rofl: :rofl:

[Patuca 13]

They lay in wait for another 15 minutes of fame.

:helloooo: :helloooo: :helloooo:

 

Is gold bullish? Every dog has his day:rofl: :rofl:

[MightyMouse 12]

:helloooo: :helloooo: :helloooo:

 

Is gold bullish? Every dog has his day:rofl: :rofl:

 

When time is considered, a day may be a very generous characterization.

[zdo 20]

Nothing like a bearish market to quiet all the bulls.

 

quietly buying

quietly embracing each lower low...

:missy:

[SunTrader 10]

quietly buying

quietly embracing each lower low...

:missy:

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

[MightyMouse 12]

I'll forecast 1200 or lower within 4-6 weeks.

[zdo 20]

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

 

Rising real rates will pressure PM's v fiats. I’ll quietly accumulate… welcoming lower ‘prices’ (… prices are now a false metric anyways … ‘built in’ as a true metric, but they ain’t…)

ie It’s all good in the long run…

 

Hm...rising rates… in a ‘new’ world where the borrowers can’t pay… and expect to be bailed out… meanwhile, Fed is leveraged more than any (surviving) hedge fund ever…

Kyle Bass: "The Next 18 Months Will Redefine Economic Orthodoxy For The West" | Zero Hedge

 

 

/

...

PM’s are a lousy investment. Actually, they should not be considered to be an ‘investment’

- or even a ‘trade’… they actually shouldn’t ‘move’ enough to be a ‘trade’

 

…but as safe savings tucked away… regardless of what fiats do… continues to work for me…

 

 

 

 

 

 

money humoris

[ame=http://www.youtube.com/watch?v=60Fead0hihM&feature=player_embedded]Money vs Currency - Michael Connell - YouTube[/ame]

 

///////////////

'quieted' down enough now... :rofl:

 

we now return you to your regularly scheduled posting...

[SunTrader 10]

Rising real rates will pressure PM's v fiats. I’ll quietly accumulate… welcoming lower ‘prices’ (… prices are now a false metric anyways … ‘built in’ as a true metric, but they ain’t…)

ie It’s all good in the long run…

 

Hm...rising rates… in a ‘new’ world where the borrowers can’t pay… and expect to be bailed out… meanwhile, Fed is leveraged more than any (surviving) hedge fund ever…

Kyle Bass: "The Next 18 Months Will Redefine Economic Orthodoxy For The West" | Zero Hedge

 

/

...

PM’s are a lousy investment. Actually, they should not be considered to be an ‘investment’

- or even a ‘trade’… they actually shouldn’t ‘move’ enough to be a ‘trade’

 

…but as safe savings tucked away… regardless of what fiats do… continues to work for me…

 

money humoris

///////////////

'quieted' down enough now... :rofl:

 

we now return you to your regularly scheduled posting...

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.