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- TEB63 replied Nov 30, 2014
I love the art of wave counts - so pretty hold your nose boys she's going - lol
- TEB63 replied Nov 30, 2014
no I am not long !!
- TEB63 replied Nov 30, 2014
its a falling knife for sure I do not see the Swiss vote as the issue its not oil's fall and when the other markets open we will have margin calls for sure
- TEB63 replied Nov 30, 2014
I have it at 1167.05 but this is only the forex world the big move may come when the gold market opens
- TEB63 replied Nov 30, 2014
Big gaps forming on the Aud, Cad, Nzd & Pound pre market open I thinks its going to be a bad day for gold and oil when the markets open!! cheers
- TEB63 replied Nov 29, 2014
if you a short you will likely be ok the reasons I say that 1. look at the charts 2. Volume in NY was just 15% less then a normal day in 1/2 a day - normally its like 20% of a normally day - there was a lot of panic!! 3. Monday we will see a run on ...
- TEB63 replied Nov 29, 2014
I think you will start to see oil as less important this will have two main effects on Gold 1. the Usd will start to fall - because it has been "petro- money" & it will not get that support == this is big == if you think 2008 was big - wait and see ...
- TEB63 replied Nov 29, 2014
Yes I agree with you long term - but on Monday what with happen?
- TEB63 replied Nov 29, 2014
I think if its a yes it will be a lot bigger issue and with a yes the floor will not hold
- TEB63 replied Nov 29, 2014
I am not trading gold only forex at this time but boy Gold is weak! and we see a clear target (T1) on the day chart who knows if it will get there - but I bet it will try and I think that may just be the 1st target
- TEB63 replied Nov 29, 2014
I think if you are long gold you maybe in for a world of hurt the oil was just the trigger look at the week remember Gold is for the big boys and they play hard and with a longer eye then forex
- TEB63 replied Nov 29, 2014
The Swiss thing is part of course but I think the market has a "no" prices in now. We would see a bigger move for "yes" as that would be the surprise!! the main reason is the correlation of Oil to Gold hence the old maximum -: "oil today is gold ...
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