ah a REALLY technical level lol.........
thanks chum
beeb
thanks chum
beeb
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Dislikedhi beeb,
1412 area was inline with the trendline if you pull a line on lows from Jan 28, Mar 15, Mar 17. I just got back from having friday night dinner, and I missed the banquet alsoIgnored
Dislikedif you noticed the forks i put up a few days ago (now removed) you will spot that it was $1 through the quartile that had already provided two good longs..........
beeb
i'm sorry but i don't post my trades in advance because i don't want people just following them blindly.........Ignored
Dislikedhi, i saw your forks few days ago. I tried to mimic the forks but I cannot. I read all explanation about how to setup andrew's fork, but still cannot create as good as yours. Maybe you have tips or specific technique for gold ?Ignored
Dislikedhttp://seekingalpha.com/article/2605...-the-fed-again
Here is the true risk in the next month. There is the possibilty of making a lot of money this month if Uncle Ben has to stop the crack.Ignored
QuoteDislikedHe follows this on with:
"Another useful measure to determine gold’s relative value can be made by comparing gold to the Dow Jones Industrial Average. Gold is overvalued when it takes only one ounce to buy the DJIA. For example in the 1930s, one ounce of gold at $35 bought the DJIA, and it did so again in 1980 when an ounce of gold was $850 and the DJIA was 800. Though this ratio has fallen from more than 40 ounces in 2000, it still takes 16 ounces of gold to buy the DJIA, meaning that gold continues to be a relatively good value while the DJIA...
DislikedI did not say anything about the price of Gold.
This is the recent SILVER chart I was comparing to the bubble cycle. It isn't the long term gold trend.
What I am saying is I see on the chart a very rapid short term rise in silver after years of lower levels. It has been a one way bet for months now. As soon as enough people think something is a one way bet we are in a bubble.Ignored
DislikedOkay, just replace gold with silver from my previous post, my bad. I had gold on my mind when I replied. Silver still has a ways to go before it reaches it nominal high of $50, I'm not sure what the inflation adjusted price would be.
Usually when something goes parabolic it corrects, I agree with you there, but I'd hardly call that a bubble. I'd say Silver has had a big run up or say it has gotten a little over extended or needs to correct, but I'd wouldn't say it's a bubble.Ignored