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- AaronWard replied Dec 6, 2012
Having to chose one, I would go with GOLDMANSUCKS. Morgan Stanley predictions are one of my favorite contrary indicators.
- AaronWard replied Nov 6, 2012
Anybody know what is driving the commodity spike?
- AaronWard replied Aug 12, 2012
I think that from time to time the number of buyers and sellers are not perfectly balanced. This moves the market. That is more than enough for me and I see no point in entertaining the manipulation hypothosis for either up or down.
- AaronWard replied Jan 23, 2012
I focus on lot of reasons to NOT take a trade. Then I spend time thinking how much I absolutely hate a losing trade. Or I start doing something that makes it impossible to trade like going for a drive. And then when I really feel feel the need I ...
- AaronWard replied Jan 22, 2012
Not a lot of evidence in 2011 that a Euro crash produced a gold rally. At first everything rallied but USD, then Euro crashed, followed by Equities and then gold. Gold closed flat on where it was when the Euro started to crash (May 1). Further once ...
- AaronWard replied Jan 22, 2012
My take is that during last year (I assume you really mean 2010) crisis what happened is that the Euro decoupled from risk assets. Equity and commodity markets rose while the Euro fell. Nothing is going to fix the US debt crisis except an extended ...
- AaronWard replied Jan 22, 2012
By this standard there already is a currency crisis. I personally think the idea of the years 2013-2020 being years of strong inflation (more than 5% but less than 25%) is in the cards. I actually don't think the Euro is likely to disband but it is ...
- AaronWard replied Jan 21, 2012
all valid points. thanks. You run a great thread. thanks again I see the critical S/R as 1675 which is a bit below 1700, but really the 1620-1700 seem to be a cluster of S/R lines. By currency crisis do you mean hyperinflation?
- AaronWard replied Jan 21, 2012
I agree on all points. Sorry I couldn't be more helpful.
- AaronWard replied Jan 21, 2012
Cheer Wheels, I won't take it personally. Quite the reverse. Steel sharpens steel. I post because I am uncertain and find putting my thoughts into words helpful. Other people challenging these thoughts helps me. In fact, as far as I am concerned, it ...
- AaronWard replied Jan 21, 2012
Just based upon that article you need to downgrade inevitable to probable or possible. I would also say that the fed has an ongoing policy of stealth QE... sort of an ongoing guerrilla warfare against USD strength. However, things are going to have ...
- AaronWard replied Jan 21, 2012
Lol, battle of the trend lines. Do the same on the monthly chart and once again it closes beneath the trend line.
- AaronWard replied Jan 21, 2012
Standard reversal signals include: 1. double top 2. extreme volatility 3. trend channel overshoot 4. new, strong decending trend line However, the most important condition, failing to break the rising trendline did not happen. So major bull trend is ...
- AaronWard replied Jan 21, 2012
that gold has been in a 10 year bull... yes That gold has been undergoing a major correction... yes that gold did not close below the weekly rising trend line (although it broke the others)... yes that a major decending trendline on the daily is ...
- AaronWard replied Jan 20, 2012
Cheers, Buma I have been spending way to much time talking to people with way too much negativity like Nubcakes. So refreshing to talk to somebody with positive energy.
- AaronWard replied Jan 20, 2012
Having had 6 consecutive profitable months, I can see the attraction of being profitable consistently. However that is really out of your control. The only thing you can control is your trading. So trade consistently. Read about the greats that go ...
- AaronWard replied Jan 20, 2012
Hey Buma, you 15 yet? BTW you are producing some quality analysis, your tactical advice is spot on and your writing skills are now on another level. Looking forward to seeing what you can do when you hit 16.
- AaronWard replied Dec 22, 2011
Whatever the reason, mirroring the Euro is very bearish sign. Honestly think this is a higher TF correction. For now gold is still bullish because it bounced off of the rising weekly trend line. But it is really not getting that much traction. From ...
- AaronWard replied Dec 22, 2011
Gold or the Euro — I feel about as bullish about gold as I do the Euro. For the last 4 weeks they have been trading together as shown by the two 4 hours charts below.
- AaronWard replied Dec 16, 2011
That was and outstanding video. Many thanks.