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  • #1,181
  • Sep 29, 2013 11:51pm Sep 29, 2013 11:51pm
Quoting ClockTrader
{quote} If you or anyone seeks long term long positions, I would suggest going for that around 7th of 8th of October. I'm expecting a huge fall ahead. By Monday, it may touch areas like 1350 though.
It has touched ~1350 as I had speculated, if it goes in that range again, that would be in the form of short lived spikes only. On a broad level I expect this to peak out around ~1350, I hope Red Apple Fall starts by / with US Tuesday session.
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  • #1,182
  • Sep 30, 2013 6:46am Sep 30, 2013 6:46am
Quoting ClockTrader
{quote} It has touched ~1350 as I had speculated, if it goes in that range again, that would be in the form of short lived spikes only. On a broad level I expect this to peak out around ~1350, I hope Red Apple Fall starts by / with US Tuesday session.
Could very well happen if some last minute compromise to avert "shutdown" in U.S. government. European inflation levels are low, which gives further credence to a drop, though this leaves room for additional stimulus by ECB.

After reviewing COT on Friday, I am long from 1335 with first target at 1665, though I think it could extend over 1,400 this week. What will temper any taper talk is NFP on Friday.
"The market can remain irrational longer than you can remain solvent"
  • #1,183
  • Sep 30, 2013 8:39am Sep 30, 2013 8:39am
Quoting ClockTrader
{quote} It has touched ~1350 as I had speculated, if it goes in that range again, that would be in the form of short lived spikes only. On a broad level I expect this to peak out around ~1350, I hope Red Apple Fall starts by / with US Tuesday session.
What's "Red Apple Fall" ?
  • #1,184
  • Sep 30, 2013 9:00am Sep 30, 2013 9:00am
Quoting Super_Mario
{quote} What's "Red Apple Fall" ?
Newton saw the Apple coming down, he created "Law of Gravitation". When I foresee Gold falling like a stone off the cliff, I call it "Fall like that Red Apple".

Quoting anton.olff
{quote} Could very well happen if some last minute compromise to avert "shutdown" in U.S. government. European inflation levels are low, which gives further credence to a drop, though this leaves room for additional stimulus by ECB. After reviewing COT on Friday, I am long from 1335 with first target at 1665, though I think it could extend over 1,400 this week. What will temper any taper talk is NFP on Friday.
I say its coming down way below 1300 within next 7 x 24 hrs
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  • #1,185
  • Oct 1, 2013 7:43am Oct 1, 2013 7:43am
The date & timeframes I've been predicting for several weeks have arrived. The "Red Apple Fall" is in action too.

The target of ~1250 is in my sight. I expect this to bottom around here, 10 - 15 up or down from 1250 would be make me feel kool. Like I've been saying, I've not been playing lately. I'm waiting for this dusty storm to settle down & then I plan to go Looooooooong for long term after about 24 x 6 hrs.
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  • #1,186
  • Oct 1, 2013 7:45am Oct 1, 2013 7:45am
oh yeah... come on... oh yeah...
ohh yeeeaaaah...
  • #1,187
  • Oct 1, 2013 7:45am Oct 1, 2013 7:45am
oh yeah...
  • #1,188
  • Oct 1, 2013 7:47am Oct 1, 2013 7:47am
Quoting ClockTrader
The date & timeframes I've been predicting for several weeks have arrived. The "Red Apple Fall" is in action too. The target of ~1250 is in my sight. I expect this to bottom around here, 10 - 15 up or down from 1250 would be make me feel kool. Like I've been saying, I've not been playing lately. I'm waiting for this dusty storm to settle down & then I plan to go Looooooooong for long term after about 24 x 6 hrs.
1245 could now also be a target...
To live a successful life, we must lose our fear of being wrong
  • #1,189
  • Oct 1, 2013 7:55am Oct 1, 2013 7:55am
Quoting EatPIPs
{quote} 1245 could now also be a target...
Well, the target date of 7 - 8th of October will trigger my longs, to be honest I've fu****g no idea where this will bottom out, 1250 is just a hunch, but the big fall & date targets are based on logic.

Quoting prototip
oh yeah... come on... oh yeah... ohh yeeeaaaah...
That was quite clumsy, nevertheless, like a compliment.
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  • #1,190
  • Oct 1, 2013 8:15am Oct 1, 2013 8:15am
Quoting ClockTrader
{quote} That was quite clumsy, nevertheless, like a compliment.
oh yeah...
  • #1,191
  • Oct 1, 2013 8:37am Oct 1, 2013 8:37am
Quoting ClockTrader
The date & timeframes I've been predicting for several weeks have arrived. The "Red Apple Fall" is in action too. The target of ~1250 is in my sight. I expect this to bottom around here, 10 - 15 up or down from 1250 would be make me feel kool. Like I've been saying, I've not been playing lately. I'm waiting for this dusty storm to settle down & then I plan to go Looooooooong for long term after about 24 x 6 hrs.
... i dont understant what is 24 x 6 means... is it mean for the next 6 days??
  • #1,192
  • Oct 1, 2013 9:30am Oct 1, 2013 9:30am
Quoting SStars
{quote} ... i dont understant what is 24 x 6 means... is it mean for the next 6 days??
yea, I go 4 longs after about 6 days
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  • #1,193
  • Oct 1, 2013 9:36am Oct 1, 2013 9:36am
Quoting ClockTrader
The date & timeframes I've been predicting for several weeks have arrived. The "Red Apple Fall" is in action too. The target of ~1250 is in my sight. I expect this to bottom around here, 10 - 15 up or down from 1250 would be make me feel kool. Like I've been saying, I've not been playing lately. I'm waiting for this dusty storm to settle down & then I plan to go Looooooooong for long term after about 24 x 6 hrs.

please i want to know, what happened to gold today? why did it fall 4000 pips just between 13:00 GMT +1 and 14:00 GMT. please help me out.
  • #1,194
  • Oct 1, 2013 10:20am Oct 1, 2013 10:20am
Quoting chuna1985
{quote} please i want to know, what happened to gold today? why did it fall 4000 pips just between 13:00 GMT +1 and 14:00 GMT. please help me out.
Almost everyone (net weight wise) was buying & as you may understand how this world will look like if everyone was rich? Whether there is good news or bad news or there isn't any news at all, it has move towards the opposite directions.

In other words, it fell, because it was over bought & there were tons of SLs on the lower side.
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  • #1,195
  • Oct 1, 2013 10:38am Oct 1, 2013 10:38am
Quoting ClockTrader
{quote} Almost everyone (net weight wise) was buying & as you may understand how this world will look like if everyone was rich? Whether there is good news or bad news or there isn't any news at all, it has move towards the opposite directions. In other words, it fell, because it was over bought & there were tons of SLs on the lower side.
And they are still buying. Watching tape - many small specs buying 10-20-30 contracts.
  • #1,196
  • Oct 1, 2013 11:01am Oct 1, 2013 11:01am
Quoting Super_Mario
{quote} And they are still buying. Watching tape - many small specs buying 10-20-30 contracts.
It all depends which side the balance tilts? Maybe it'll first hit the SLs below then the SLs above or vice versa, either way, we are again up for a 10-20 up <--> down <--> Goldance until bottoms out around 7-8th of October.

Its been quite a day today, more challenges ahead, wish you all best of luck!
Hello World!
  • #1,197
  • Oct 1, 2013 11:38am Oct 1, 2013 11:38am
Quoting ClockTrader
{quote} yea, I go 4 longs after about 6 days
Thank you for the answer... I appreciate it...
  • #1,198
  • Oct 1, 2013 2:11pm Oct 1, 2013 2:11pm
Interesting comment on gold by a Bloomberg news reader. Source : http://www.bloomberg.com/news/2013-0...ed-demand.html
john.manfred

I would also note that the fact that the gold came from looting of unallocated gold accounts at the BofE indicates that there is little or no gold left in the basement vault of the NY Fed at 33 Liberty Street. It would have been much easier and more "legalistic" for the banksters to have gotten the US Treasury's Exchange Stabilization Fund to issue a location swap with American-owned gold at Army-guarded repositories like Fort Knox. After all, the meeting at the White House, on April 11th, strongly implies that this was a joint USA/UK anti-gold operation. But, instead, they looted private gold in unallocated accounts at BofE's vault. That, coupled with the fact that the Fed is going to need 7 years to give the Germans back a mere 380 tons of gold, indicates that there is no gold left in the NY Fed's foreign gold repository. It seems pretty clear that, in order for the banksters to mount a manipulation operation using American gold, the vaults at Fort Knox, West Point or Denver Mint, would have to be broken open. These are guarded by the US Army, and a removal of troops, coupled with an abundance of Brinks trucks, would give the whole gambit away in a flash. So, they did it by looting gold from unallocated accounts at BofE
  • #1,199
  • Oct 1, 2013 2:16pm Oct 1, 2013 2:16pm
Quoting ClockTrader
{quote} It all depends which side the balance tilts? Maybe it'll first hit the SLs below then the SLs above or vice versa, either way, we are again up for a 10-20 up <--> down <--> Goldance until bottoms out around 7-8th of October. Its been quite a day today, more challenges ahead, wish you all best of luck!
They don't need SL's "below" yet.
They will need them (Bear's SL = buy) to help train going uphill.
  • #1,200
  • Oct 1, 2013 11:37pm Oct 1, 2013 11:37pm
Quoting Super_Mario
{quote} They don't need SL's "below" yet. They will need them (Bear's SL = buy) to help train going uphill.
Gold is still quite weak & vulnerable. We got a news trigger ahead: "ADP Non-Farm Employment Change", who knows its neutral, good or bad for Gold & on top of that how Gold will behave before & after this trigger? Fingers crossed, its all too scary & I'm content that I'm not playing right now.

The temptation to play has been growing & I just hope I can hold my horses real tight until 7th, preferably until 8th.
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