thanks - appreciate your civility
beeb
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Dislikedevery time gold make two or three new highs in a row, it falls
not necessarily. many times gold made 2 - 3 days of new highs but never fell, continued rising. so the assumption it will fall in such a scenario is not necessarly true.
so your guess to sell at 1772 was a very lucky one !Ignored
DislikedOK without wasting too much more time on this - you don't seem to get the point I was making - namely the graphic you originally posted of the various "manias" had a condensed time scale and an extended price scale to make the moves more apparent....I merely posted a gold chart that had the opposite done to it.
Thank you for advising me to look at harmony - after thirty years in the precious metals market I think I can do it quite well. See my 20 min GC chart in post # 567.
I was interested in the certainty of your timing:
Quote
I...Ignored
DislikedAgree with Theo. Gann S9 is also saying we will see GREATEST fall in gold from 15 august to 22 august. In this case forecast done using weekly data. NEoWave technics also saying that current Diametrical formation should make a top near 1800.Ignored
DislikedActually i have a CIT on gold tomorrow morning Europe time, this may not be very strong because of the collapse of the stockmarket and Gold seems like save haven for everyone, but time will change until the 16:Th.Ignored
DislikedAgree with Theo. Gann S9 is also saying we will see GREATEST fall in gold from 15 august to 22 august. In this case forecast done using weekly data. NEoWave technics also saying that current Diametrical formation should make a top near 1800.Ignored
Dislikedi eagerly await the so called ''collapse'' you guys are predicting between the 16-20 august.
i have my original long position still open, so made enough pips on that already. not too bothered if a collapse occurs.
i have been looking to go short for a long time, so let the collapse begin....
but me thinks it is highly unlikely to occurIgnored
Dislikedno reason to collapse in the current environment, but if central banks don't step in and buy for a few days in a row due to the high prices, we could see a quick and healthy drop
new high today but seems there are happy sellers at the top, at least for the momentIgnored
Dislikedtook small profit on my last previous entry, now my first entry level is 1784.58
I expect more drop tomorrow, but I am ready to increase if it goes up above 1800Ignored
Dislikedhi beeb, as you probably know, many central banks, especially most of the asian ones, are full of dollars (many asian currencies are or have been USD pegged).We can mention China, Korea, Malasia, Singapore, have been buying other currencies and gold to diversify their huge USD reserves.
I know that when they don't buy, or when prices are (temporarily) considered high, gold price tend to fall, and it does it more quickly than when it rises.
I suspect that close to 1800 some banks may be tempted to buy at lower levels (1650 to low 1700).
China,...Ignored
DislikedAbsolutely agree that they are supporting the dips - I thought you were implying that CB's were all that was pushing the market up....
thanks
beebIgnored