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  • #1,981
  • Jan 2, 2014 8:40am Jan 2, 2014 8:40am
Quoting Pip Anon
{quote} Well I think institutions will keep it down until it no longer serves their purpose. Paper products is what is keeping gold down. London and Comex vaults are near empty. Someone's buying the physical while selling paper.

Indeed. There might be a divergence here. Strong demand for the real deal, and selling of paper "assets." Likely, will see a gold spike up before next big move down
"The market can remain irrational longer than you can remain solvent"
  • #1,982
  • Jan 2, 2014 12:59pm Jan 2, 2014 12:59pm
no reason to fall. only long
  • #1,983
  • Jan 2, 2014 1:02pm Jan 2, 2014 1:02pm
As i wrote before… I think majors will fall this year. And people and investors will move into gold.
That is why we can see even 2000 this year
  • #1,984
  • Jan 2, 2014 2:00pm Jan 2, 2014 2:00pm
been waiting for 1230-35 ...next low very soon 1170-50 somewhere .. where I will start buy on dips ... good luck all
  • #1,985
  • Jan 2, 2014 7:09pm Jan 2, 2014 7:09pm
Daily correction target for today $1254 -)
Trand target for next week $1283
  • #1,986
  • Jan 2, 2014 9:01pm Jan 2, 2014 9:01pm
I agree with Bull Show to continue for sometime, nice upward until mid of next week, thereafter to continue too, there would be bumps for sure on way. Bears will show strength after & around 20th of Jan.

I am very skeptical how Feb will trend? Could there be a HUGE DOWNSIDE waiting? OR twists & tricks will carry on?

Hello World!
  • #1,987
  • Jan 2, 2014 9:25pm Jan 2, 2014 9:25pm
Quoting ClockTrader
I agree with Bull Show to continue for sometime, nice upward until mid of next week, thereafter to continue too, there would be bumps for sure on way. Bears will show strength after & around 20th of Jan. I am very skeptical how Feb will trend? Could there be a HUGE DOWNSIDE waiting? OR twists & tricks will carry on?

A nice retracement...given the yearly low for 2013 a few days ago. I just added a small short at 1229...and will add a heavier short (@1249?) when I see this "trend" has run out of steam.
"The market can remain irrational longer than you can remain solvent"
  • #1,988
  • Jan 2, 2014 10:39pm Jan 2, 2014 10:39pm
Quoting anton.olff
{quote} A nice retracement...given the yearly low for 2013 a few days ago. I just added a small short at 1229...and will add a heavier short (@1249?) when I see this "trend" has run out of steam.
and your SL & TP would be?
Hello World!
  • #1,989
  • Jan 3, 2014 6:35am Jan 3, 2014 6:35am
Quoting ClockTrader
{quote} and your SL & TP would be?

SL @ 1263, TP @ 1170
"The market can remain irrational longer than you can remain solvent"
  • #1,990
  • Jan 3, 2014 7:58am Jan 3, 2014 7:58am
Quoting anton.olff
{quote} A nice retracement...given the yearly low for 2013 a few days ago. I just added a small short at 1229...and will add a heavier short (@1249?) when I see this "trend" has run out of steam.

You mean the bulls or the bears have run out of steam. During the European session the dollar index crossed its 100dma and it is putting pressure on the futures.
After the NY opening bell, we should see where we are going with this. The bears seem hungrier.
  • #1,991
  • Jan 3, 2014 9:04am Jan 3, 2014 9:04am
Quoting Typhoan
{quote} You mean the bulls or the bears have run out of steam. During the European session the dollar index crossed its 100dma and it is putting pressure on the futures. After the NY opening bell, we should see where we are going with this. The bears seem hungrier.
I think he means to say that Bulls have or will run out of steam soon, that's why he is selling.
Hello World!
  • #1,992
  • Jan 3, 2014 9:09am Jan 3, 2014 9:09am
Does anybody have an explanation for that 1500 gmt gold spike up? Nothing else is moving significantly.
  • #1,993
  • Jan 3, 2014 9:13am Jan 3, 2014 9:13am
Quoting ClockTrader
{quote} I think he means to say that Bulls have or will run out of steam soon, that's why he is selling.
From what I see fundamentally...and technically for the longer term...the most likely scenario is for the current trend to continue, which translates to lower gold prices. Where they will finally bottom, is anyone's guess. I just hope that I am smart enough to be a buyer at that point, because inflation...regardless of how they are measuring these days (different from the Volker days)...will likely resurface with a vengeance.

I am however, hopeful that we'll see some spike up in the short term so that I can add to my shorts. I don't think we'll see a major reversal of the trend or counter trend. Bernanke's speech today may give the markets some relief or a relief rally (1288?)...but it appears the Fed is trying to deflate the bubble which they created. Don't think Yellen will veer too far from that course.
"The market can remain irrational longer than you can remain solvent"
  • #1,994
  • Jan 3, 2014 9:15am Jan 3, 2014 9:15am
Quoting Typhoan
Does anybody have an explanation for that 1500 gmt gold spike up? Nothing else is moving significantly.
There is usually a move of some type, at this time most days.
"The market can remain irrational longer than you can remain solvent"
  • #1,995
  • Jan 3, 2014 1:26pm Jan 3, 2014 1:26pm
just short it CMP 1239+ SL 1242 TP 1170 .... let's play the game in RAMBO style... ..let's see how it works
  • #1,996
  • Jan 3, 2014 9:36pm Jan 3, 2014 9:36pm
Sorry if this is out of point, i may expect this senario:
in D1 TF a clear symmetrical head (1433-1288) & shoulders (1347) formation which its age is 6 months is about to complete, we are in the last 2 weeks of it and may pick a bottom at 1145. If the economical conditions support bulls the target will be 1400 where the price will range about it for couple of years. otherwise a big downside move towards 800 and then ranging around the psychological 1000 until everyone hate and kill himself. I support that big boys always are trying to create new major price lines that no one can expect. also after thoso two big moves up and (relatively) down in the last 10 years, we are now in the ranging stage.
  • #1,997
  • Jan 4, 2014 1:15am Jan 4, 2014 1:15am
Quoting rambo12
just short it CMP 1239+ SL 1242 TP 1170 .... let's play the game in RAMBO style... ..let's see how it works
Just Jump style to 1270 and next is Rambo style.
  • #1,998
  • Jan 4, 2014 6:41am Jan 4, 2014 6:41am
Quoting namaus
{quote} Just Jump style to 1270 and next is Rambo style.
Now that was funny. While my view is go long, yet, there could be a downside of 5 - 10 $s

So, for a scalp or small swing that could be a lucky call.
Hello World!
  • #1,999
  • Jan 4, 2014 6:53am Jan 4, 2014 6:53am
Quoting ClockTrader
So, for a scalp or small swing that could be a lucky call.
Time to use "zero-loss" stop orders
  • #2,000
  • Jan 4, 2014 3:04pm Jan 4, 2014 3:04pm
IMHO... my personal view.

Market is progressing to complete correction wave C of weekly TF. Daily TF in the making of correction wave 4. Projection wave 5 down to zone 1060-1080.

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