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Only Gold!

  • #601
  • Edited 12:18pm Jul 15, 2013 12:02pm | Edited 12:18pm
Quoting ClockTrader
{quote} I doubt.
2014 2015 possivel

friends on the day that the indices are at the top of the tops.
expl: minisp500 close to 3000 points and signal that the financial market has exhausted its resources, and here comes the red pump as you guys in 2007 summer gold near the 500 to 600 $ there and buy gold because it will fly up high even 3000 4000 $ 5,000
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  • #602
  • Jul 15, 2013 5:30pm Jul 15, 2013 5:30pm
According to COT data, commercials = suppliers of physical gold are at their peaks in pumping out gold to market, facilitating the buyers for their demand. So as you say, ClockTrader, the turning point will be near and I will be conservative with my TP's for shorts, although they are at the green lines at the moment.

What is your reading about the market's turning point according to your calendar? Within a few weeks?

Regards,
RS
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  • #603
  • Jul 15, 2013 9:45pm Jul 15, 2013 9:45pm
Quoting RisingSun
According to COT data, commercials = suppliers of physical gold are at their peaks in pumping out gold to market, facilitating the buyers for their demand. So as you say, ClockTrader, the turning point will be near and I will be conservative with my TP's for shorts, although they are at the green lines at the moment. What is your reading about the market's turning point according to your calendar? Within a few weeks? Regards, RS {image}
The miners are mining hard in order to generate some liquid. Their shares been falling like that Red Apple. As for closing your shorts, I would suggest you to do that on Friday, maybe US late evening EST on Thursday. I'm hoping it takes off for long journey around Friday & continues easily on Monday & thereafter. Thanks for the news inputs.

Quoting takytto
{quote} 2014 2015 possivel friends on the day that the indices are at the top of the tops. expl: minisp500 close to 3000 points and signal that the financial market has exhausted its resources, and here comes the red pump as you guys in 2007 summer gold near the 500 to 600 $ there and buy gold because it will fly up high even 3000 4000 $ 5,000 {image} {image} {image}
My dear friend, Gold will even touch $10,000 per ounce & even $100K one day, but that will take decades or prolly centuries or whatever timeframe. This is what I conclude from its past history of thousands of years. During this long journey, there would be ups n downs, it just can't keep climbing vertically. If you can invest in Gold & forget whether it would fall or climb, that would be the best strategy, this is what we Indians like to do with physical gold. I would suggest you not to attach your emotions with your investments.

PS: I've been working hard on 2 hr. cycles lately, this is something new for me. Never ever seriously tried scalping in my entire career, this has been giving me sleepless nights lately. Its been like awakening.
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  • #604
  • Jul 15, 2013 9:55pm Jul 15, 2013 9:55pm
Quoting ClockTrader
The miners are mining hard in order to generate some liquid. Their shares been falling like that Red Apple. As for closing your shorts, I would suggest you to do that on Friday, maybe US late evening EST on Thursday. I'm hoping it takes off for long journey around Friday & continues easily on Monday & thereafter. Thanks for the news inputs.
Nice input. Many thanks.

Quote
PS: I've been working hard on 2 hr. cycles lately, this is something new for me. Never ever seriously tried scalping in my entire career, this has been giving me sleepless nights lately. Its been like awakening.

Much interested.

Regards,
RS
  • #605
  • Jul 16, 2013 2:53am Jul 16, 2013 2:53am
Quoting RisingSun
According to COT data, commercials = suppliers of physical gold are at their peaks in pumping out gold to market, facilitating the buyers for their demand. So as you say, ClockTrader, the turning point will be near and I will be conservative with my TP's for shorts, although they are at the green lines at the moment. What is your reading about the market's turning point according to your calendar? Within a few weeks? Regards, RS {image}
How do you see the scenario if Gold keeps going sideways? or even upward? particularly until Friday? I see next 3-4 days incl. today as tough which should make the Gold fall, but possibly my analysis can fail. I wonder what your opinion is?
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  • #606
  • Jul 16, 2013 5:04am Jul 16, 2013 5:04am
Looks like a spiky US session ahead, volatility could escalate with the news ahead, fingers crossed.
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  • #607
  • Jul 16, 2013 12:06pm Jul 16, 2013 12:06pm
Quoting ClockTrader
{quote} It just got, not sure where you disappear each time after you post your website link here. edit -- Quote
I moved my sell order at 1295 and got triggered today. So I am short Gold now.
Buy when everyone else is selling and sell when everyone else is buying !
  • #608
  • Jul 16, 2013 1:00pm Jul 16, 2013 1:00pm
Quoting arenoosh
{quote} I moved my sell order at 1295 and got triggered today. So I am short Gold now.
Whats your SL & TP?
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  • #609
  • Jul 16, 2013 4:10pm Jul 16, 2013 4:10pm
Quoting ClockTrader
{quote} How do you see the scenario if Gold keeps going sideways? or even upward? particularly until Friday? I see next 3-4 days incl. today as tough which should make the Gold fall, but possibly my analysis can fail. I wonder what your opinion is?
We are in a usual sideways mode atm that usually last for several days but at this time it's rather scary as we are selling the bottom this late of a mature 6 months downtrend.

Commercials are in the reversal mode already so the turnaround can show up any moment. I would therefore play with very conservative TP for any short positions. Conversely, I would think your long positions will soon see healthy lights.

Regards,
RS
  • #610
  • Jul 16, 2013 9:29pm Jul 16, 2013 9:29pm
Quoting RisingSun
{quote} We are in a usual sideways mode atm that usually last for several days but at this time it's rather scary as we are selling the bottom this late of a mature 6 months downtrend. Commercials are in the reversal mode already so the turnaround can show up any moment. I would therefore play with very conservative TP for any short positions. Conversely, I would think your long positions will soon see healthy lights. Regards, RS
Well, I locked all my longs few days back, maybe you didn't observe that post (last fri) . I didn't want to lose my floating profit as I've been expecting a fall from here. I accede to the commercials about reversal. Just in case it shoots like a rocket from here, I'll have no chance or courage to release the shorts & make longs effective. I just wish it falls from here so that I can add longs. I'll sit on the little cash I have & wait for a fall from here or from higher point to re-enter for longs. It certainly looks too dicey & scary here, but, to me, it makes no sense to buy here.
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  • #611
  • Jul 16, 2013 11:56pm Jul 16, 2013 11:56pm
gold usd is very closed to the resistance zone 1300.500: we should be looking for an opportunity to sell goldusd.

i have just attached my past trade on goldusd.
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  • #612
  • Jul 17, 2013 1:44am Jul 17, 2013 1:44am
I am long gold now at 1288 targeting 1335 and a tight stop of 1260. I expect prices to correct further upward, against the backdrop of S&P weakness during the coming week(s).
Shit Happens
  • #613
  • Jul 17, 2013 1:59am Jul 17, 2013 1:59am
Quoting act333
I am long gold now at 1288 targeting 1335 and a tight stop of 1260. I expect prices to correct further upward, against the backdrop of S&P weakness during the coming week(s).
Very interesting. Lets see how it performs, wish you luck mate.
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  • #614
  • Jul 17, 2013 2:03am Jul 17, 2013 2:03am
Quoting ClockTrader
{quote} Whats your SL & TP?
1305.00 SL and 1236.65 TP
Buy when everyone else is selling and sell when everyone else is buying !
  • #615
  • Jul 17, 2013 5:29am Jul 17, 2013 5:29am
gold all the way down in next couple of hours...... TP $1250.00
  • #616
  • Jul 17, 2013 7:51am Jul 17, 2013 7:51am
I thought I should post a chart too, lolz. The news was good for Gold, right now at 1292 after almost kissing 1300. Lets see what dude Benny has to say. It'll add further to the storm, fingers crossed.
Attached Image (click to enlarge)
Click to Enlarge Name: news.PNG Size: 19 KB
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  • #617
  • Jul 17, 2013 9:14am Jul 17, 2013 9:14am
Quoting ClockTrader
I thought I should post a chart too, lolz. The news was good for Gold, right now at 1292 after almost kissing 1300. Lets see what dude Benny has to say. It'll add further to the storm, fingers crossed. {image}
it will go up i believe until 1323...
now 1298.99.. it wanna retest 1300 position once again...
Gold is my pleasure.
  • #618
  • Jul 17, 2013 9:15am Jul 17, 2013 9:15am
Quoting jebataro
it wanna retest 1300 position once again...

Agree
  • #619
  • Jul 17, 2013 9:19am Jul 17, 2013 9:19am
Yess 1300
  • #620
  • Jul 17, 2013 9:38am Jul 17, 2013 9:38am
at this price and volatility, gold is such an attractive hedging machine...

im just buying and forget any notable retracement on the daily charts will be used as a chance to load load load
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