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Post by simonsays on Jun 30, 2014 9:11:48 GMT -5
Closed NQ short. No more attempts at shorting for me until I see a daily trend change.
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Post by simonsays on Jun 30, 2014 9:34:50 GMT -5
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Post by sb on Jun 30, 2014 9:59:25 GMT -5
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Post by radar on Jun 30, 2014 10:07:37 GMT -5
I remember a similar situation (in gold) where I attempted to "play" the swings and get in/out..... That's OK, but I'm not playing this C wave that way.
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Post by radar on Jun 30, 2014 10:08:54 GMT -5
pos divs 60 min silver (STO) FWIW
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mp
Junior Member
Posts: 77 
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Post by mp on Jun 30, 2014 11:16:21 GMT -5
USD looks to be in a position to breakout to the upside.
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Post by simonsays on Jun 30, 2014 11:38:35 GMT -5
Will be interesting to see how gold reacts to a USD breakout. Right now, the action in gold miners is superb.
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Post by sb on Jun 30, 2014 12:31:43 GMT -5
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Post by daniel on Jun 30, 2014 13:54:43 GMT -5
Man..I have got to stop posting over there!!! Just when I think I am done old TEX over there says something I just can't let go by! LOL God bless everyone... (including Tex) I should not let his arrogance drag me in! Must resist!!! LOL
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Post by daniel on Jun 30, 2014 13:55:42 GMT -5
I think this DCl will be relatively mild. Any bulls out there better get there list ready when the swing forms!
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Post by simonsays on Jun 30, 2014 13:59:19 GMT -5
I suspect anyone waiting for golds swing low will miss the move in miners.......
Tex lives on a different planet. One where no understanding of monetary policy is required....
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Post by daniel on Jun 30, 2014 14:04:47 GMT -5
I suspect anyone waiting for golds swing low will miss the move in miners....... Tex lives on a different planet. One where no understanding of monetary policy is required.... Thought maybe I was the only one who realized this! |
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Post by simonsays on Jun 30, 2014 14:26:17 GMT -5
I suspect anyone waiting for golds swing low will miss the move in miners....... Tex lives on a different planet. One where no understanding of monetary policy is required.... Thought maybe I was the only one who realized this! No, it is widely realized by anyone who has ever picked up a book on the history of money and our financial system. Unfortunately very few have. |
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Post by radar on Jun 30, 2014 14:27:49 GMT -5
I wonder how old Tex is?
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Post by sb on Jun 30, 2014 14:58:04 GMT -5
It's a good time to be nimble.
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Post by simonsays on Jun 30, 2014 15:25:19 GMT -5
Well, wish me luck since the TSX is closed tomorrow. No stops can save me now!
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Post by sb on Jun 30, 2014 16:03:03 GMT -5
June wraps up with XAU about a half point from the high.
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mp
Junior Member
Posts: 77
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Post by mp on Jun 30, 2014 16:14:46 GMT -5
Looks as if the Nasdaq is ready or ripe for a turn down.
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Post by simonsays on Jun 30, 2014 19:05:22 GMT -5
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Post by platy on Jun 30, 2014 19:44:56 GMT -5
Triangle on the Aussie dollar is getting tight. That thing's gotta fall soon.
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Post by daniel on Jun 30, 2014 19:46:59 GMT -5
Platy... (Spitz) can you refresh us with July Precious Metal turn dates and relevance again! This time I will write down!  THANK YOU |
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Post by platy on Jun 30, 2014 19:51:40 GMT -5
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Post by simonsays on Jun 30, 2014 23:15:21 GMT -5
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Post by sb on Jul 1, 2014 5:36:17 GMT -5
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Post by sb on Jul 1, 2014 7:07:03 GMT -5
Regarding the golden cross I mentioned earlier, here is another's viewpoint. We're allowed to post KWN material here, right? lol While I agree it is significant, I don't necessarily think we'll have "an upside explosion". Gold might also just rise gently for a long time in an overall uptrend and get the "explosion" higher nearer the end of the uptrend. I'm not sure why people have to predict explosions or crashes always in the near future when markets usually drift along a trend more often than not. Draw your own conclusions: kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/1_Historic_Golden_Crosses_To_Create_Explosions_In_Gold_%26_Silver.html |
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Post by sb on Jul 1, 2014 7:09:35 GMT -5
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Post by simonsays on Jul 1, 2014 11:03:38 GMT -5
Good stuff Ole SB. I don't like how Clive draws his trend lines. In my view the trend from the early 2000's is broken and are now looking for a new trend. I don't know what to make of the COT data. It seems weird to me. Could it be producers hedging their production?
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