Buygold
Yep, with the banking issues and War, I think Gold should be heading up or at least stable. Closed at the HOD not to mention GDXJ, wow. Been buying MDW (Midway Gold), does anyone own it here? The low cost mining, experienced board looks like a winner to me. JV with Barrick (could be good or bad) and millions of ounces.
Aspengold, samb
Aspengold – Yes, I remember your post about the USD, gold and Armstrong. Your post was the one I was referring to earlier. The USD and gold going up together would be a goldbug’s dream.
samb – yeah, I can’t figure this out. After yesterday I’d have thought we were sure to see $1280 today. Could just be the escalation in geopolitical tensions, but the shares responded as well. If players thought geopolitical stuff was temporary, should shares have been this strong? Bonds rallied hard, the USD rallied. I dunno, but it seems to me that maybe the SM is headed for trouble. We’ll have to see how pm’s respond to a real SM correction 10%+ that we haven’t seen in nearly 3 years.
Samb
I think it’s the wrong time of the year for gold to be going down for week/months. Anything can happen, but most are waiting for $1050, don’t think it’s going to happen. Nice volume on the close for GDXJ. We could be in for a terrific rally.
Dollar and Gold
both up. I mentioned this in a post a couple of days a go. When gold moves up it will be with the dollar, a la Marty A.
WANKA @ 16:39 on
Interesting tool. I believe most of that info is also on the Task Manager. My cpu’s don’t seem out of whack. (technical term) 🙂
Unfortunately I had auto update checked and I now have IE 11 as a browser. I don’t think I can go back … at least not without mucho trouble.
For now I’m just running IE for most stuff and listening to youtube on Opera. Maybe they’ll fix this youtube glitch in IE’s next version.
Cheers
BG1
This was a head scratcher for me today. As of yesterday, I had clear signals that the Int. uptrend was over and we faced multi weeks/months of downside action. Today’s action reversed those signals into neutral. Meaning that the last 2 weeks of downside could have been just a daily cycle low with the Int. uptrend continuing for weeks/months. By next Friday’s close we will know the answer.
grin @ 15:43
I read that 90% figure either here or one of the other sites within the last couple days but I didn’t keep it. If anyone remembers it perhaps they will post or re-post it. I do think the PM’s are set to make the next great run up but exactly when is the question. When we least expect it is when it will happen……like maybe today with that great close!!
Hey grin just saw your 14:29
I have no clue what’s next for pm’s or the shares. We could open up or down big Monday and it wouldn’t surprise me, well I guess opening up big would probably surprise me. 🙂
10 day gold
getting jumpy
WANKA @ 14:55
Thanks, I’ll look into that.
Speaking of volume
nice pick up in volume in all things pm into the close. Nice to end the week on an up note.
I guess there’s always the chance peace could break out by Monday.
Nah
Silverngold
90% really? where did you get the data for that?
I have seen 50 but 90? But it wouldnt surprise me….
“The most stunning allegation in the lawsuit is that an estimated 50 percent of all trading on the Chicago Mercantile Exchange is derived from illegal wash trades.”
at any rate volume near tops and bottoms happens for a reason smart money wants to sell because at tops they have already made a nice profit.
Dumb money wants to buy because the moon is clearly in sight.
ps smart money is now a cu, dumb money is a mouse.
The second mouse gets the cheese.
grin @ 14:29
With 90+% of all trades being “wash trades”, how can volume be a reliable indicator any more?? Not saying you are not correct short term but IMO volume has been added to the chart painting to mislead the short term small traders for the benefit of the institutional traders.
daily gold
“weekly candles are clear and Gold continues its weakness”
a while back a gold person was a student of candles and he lost his shirt with all the false signals of the candles and nission
so funny the indexs are manupulated and still folks still look at candles
just buy a few real oz of gold and silver and in my opinion than to focus on the day to day movements
the whole gold structure could be in a nose dive…. candles looking like the lost miners of diddly
and wam oh in an over night adjustment .. gold will double… when hard to tell .. why because the whole complex is and has a big boot AT ITS NECK
TheDailyGold @ 15:02
not often if ever a good sign when the 7ma crosses up through the 7ema on the weekly.(they are all crossing) I think this will be a pretty shallow correction with the hui holding at 218ish. but who knows
More Weakness Ahead?
Here is what I’m seeing:
More Weakness Ahead for the Miners
Despite the recovery today, the weekly candles are clear and Gold continues its weakness.
So … youtube has been messing up for me for months
stalls out repeatedly … refresh … different song … curse … research online … check speed bla bla bla … on a whim try opera browser instead of the IE I normally run … PERFECTION! … Thanks for nothing Microsoft!
Buygold @ 14:04
Id be surprised if the gaps dont get filled. The up volume has been less that the down volume for the past 3 weeks/distribution. looks like the jrs are leading the way dn?
Wanka
Not important enough to move fingers or waste thought considering world events. TKS
“Username can’t be changed”
Got me.
$1300 breached
Wow the day before OpEx. Highly unusual.
Maybe Armstrong will get it right and gold will rise with the USD. That would be the best of all world’s for Goldbugs.
Doesn’t look like the players want to get caught short gold or oil over the weekend.
WANKA @ 14:01
Good one! 🙂
Wanka
Were you “all there” when you alphabetized my name in the Poster Locator?