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Post by platy on May 8, 2014 19:56:46 GMT -5
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Post by simonsays on May 8, 2014 23:06:03 GMT -5
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Post by simonsays on May 9, 2014 6:55:37 GMT -5
If these guys are correct and the dollar has bottomed, that should provide some heavy headwinds for gold moving forward. But then again, the dollar has been dropping for a while now and gold hasn't exactly been rallying, so it's possible that they could rally together.
it's early today, but gold has held up well since it dropped $30 two days ago. If we are going to waterfall into a ICL, now is the time to do it. But maybe it'll go up for a few days and then down, as per Platy's turn date.
I have to admit that I don't like that so many people are talking about June being the bottom to buy after a washout. Somehow I just don't think it can be that easy.
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Post by simonsays on May 9, 2014 8:01:08 GMT -5
Fading housing market discussion and from the MSM yet. www.cnbc.com/id/101656339You create a policy that favours banks and wipes out the middle class and then you wonder why banks won't lend to said middle class who don't have money. |
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Post by platy on May 9, 2014 9:04:03 GMT -5
Gold not reacting at all to the dollar's moves, down or up. Weird.
And stocks are finally reacting opposite to the dollar again. I think we may be in a phase shift.
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Post by simonsays on May 9, 2014 9:10:39 GMT -5
Gold not reacting at all to the dollar's moves, down or up. Weird. And stocks are finally reacting opposite to the dollar again. I think we may be in a phase shift. I think so too. It might be a time to just wait for direction change. I think volatility should pick up however, and I'm considering a VIX instrument. There goes miners on a little pop but not much volume so far. |
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Post by platy on May 9, 2014 9:24:00 GMT -5
Most people are going to lose their houses.
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Post by radar on May 9, 2014 9:27:08 GMT -5
You have to quit watching one in order to trade the other. This next bull run in gold may easily coincide with a bull run in the dollar due to unrest in the middle east andeuropEurope. Interest rates will eventually rise too.
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Post by simonsays on May 9, 2014 9:29:52 GMT -5
Most people are going to lose their houses. Sadly, yes. You should see it up here. It makes the 2007 US bubble look ordinary. People here are still building like crazy. Everyone lives in brand new 500k homes it seems. New cars, new furniture, cottages at the lake, etc. All my friends think I'm crazy for selling out. |
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Post by simonsays on May 9, 2014 9:31:02 GMT -5
You have to quit watching one in order to trade the other. This next bull run in gold may easily coincide with a bull run in the dollar due to unrest in the middle east andeuropEurope. Interest rates will eventually rise too. Yes, very possible. Watching the USD may keep people out of metals when they should be long. |
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Post by platy on May 9, 2014 9:37:02 GMT -5
Is that your filly Radar?
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Post by radar on May 9, 2014 9:41:38 GMT -5
No platy....that is a colt by Flexible, a very famous Irish sport horse! I own Flexible full sister!!! OK kids there was an inside day in live cattle yesterday too.......
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Post by radar on May 9, 2014 9:50:55 GMT -5
I know this us "funny mental" thinking but when Europe and the Euro fail, and they will, and Putin start getting physical, and he could, cash is going to move from that side of the globe to the safest place possible. Some money will no doubt go into gold....some into the us stock market....and some remain in cash out short term treasuries in us dollars.
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Post by radar on May 9, 2014 9:51:48 GMT -5
Sorry for bad typing but I am on my phone!
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Post by simonsays on May 9, 2014 10:15:31 GMT -5
GDX at fairly critical support (23.60). Next support is 23.
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Post by simonsays on May 9, 2014 10:16:59 GMT -5
Support gone.
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Post by radar on May 9, 2014 10:17:57 GMT -5
Platy you may be RIGHT ON with your call for a low today! (gold)
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Post by simonsays on May 9, 2014 10:24:12 GMT -5
Oil and gas getting destoyed but one stock bucking the trend is AEI.TO. That's a nice chart.
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Post by radar on May 9, 2014 10:40:01 GMT -5
live cattle could be setting up for a reversal......can you believe a cow/calf pair go for $2500?
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Post by radar on May 9, 2014 10:40:45 GMT -5
positive divergence (STO) short term time frame for SILVER
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Post by simonsays on May 9, 2014 10:42:45 GMT -5
GDX recovering back above support. But not before my ill-advised SMF trade was stopped out. Dumb trade, and even dumber spot for a stop. Thankfully, I risked little.
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Post by radar on May 9, 2014 10:51:01 GMT -5
Simon, what is SMF?
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Post by simonsays on May 9, 2014 10:58:20 GMT -5
Sorry, SMF.TO is a gold miner that has an "ok" chart. I bought it for a bounce the other day which never really materialized. I had no real reason for taking the trade other than a nice high volume close in GDX, which sometimes fortells a gap up open. |
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Post by platy on May 9, 2014 11:03:17 GMT -5
Gold 1288.25 support has held on 1 hr close until just now.
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Post by radar on May 9, 2014 11:03:28 GMT -5
let's see if silver buyers come in here close to $19
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Post by simonsays on May 9, 2014 11:04:42 GMT -5
It could still go either way Platy imho. There's no volume participating.
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Post by radar on May 9, 2014 11:08:38 GMT -5
Where is everyone? (no volume)
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Post by simonsays on May 9, 2014 11:18:33 GMT -5
Where is everyone? (no volume) On the sidelines I suspect. A lot of indecision out there in general it seems. |
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Post by radar on May 9, 2014 11:22:32 GMT -5
I have put on another silver position with very low risk here. I will let you know if some a-hole ruins it for me.  |
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Post by radar on May 9, 2014 11:39:57 GMT -5
ok, so there's a possibility silver has reversed on the very short term time frames.... Crossing fingers and toes.
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