Charmin Posted November 10, 2010 Author Report Share Posted November 10, 2010 charms, i have been forced by the market to change my view of silver the giant cup and handle , going back to 80 is the reason. i now think this market will make new forever highs. slw blew the doors off w/its earnings. this sector is going to be seen as a good investment. and if they start giving dividends, watch out. this is mirroring the leg of the july lows. we are heading into the strongest part of the year. i expect jimmy will have been conservative on his call for january. but, none the less , he made the call 10 years ago. a hat tip to mr. sinclair. i am looking for 1900 fwiw the hui has made a 2year consolidation after the 520 highs. i am looking for hui 850! no date or time dharma Dharma, I certainly would like to see your analysis rung out. I see some big pigmen want to instill some fear today. Link to comment Share on other sites More sharing options...
dharma Posted November 10, 2010 Report Share Posted November 10, 2010 Dharma, I certainly would like to see your analysis rung out. I see some big pigmen want to instill some fear today. charms i had 1426 as resistance on gold changing margin requirements is a tactic they employ to cause corrections. the 18th is a significant astro date from the july lows to the oct 14 high there were 12 corrections. all of them short in duration. i suspect this will be more of the same dharma Link to comment Share on other sites More sharing options...
Ageka Posted November 10, 2010 Report Share Posted November 10, 2010 Sold me some GBG at 9% gain for the day and 104% total gains Now got 24% cash again I knew for a few weeks already my timing was wrong and I was dabbling in rearranging my portfolio Yesterday seems to me as a blow off at high volume and an outside reversal day in many mining shares. I hope bearvest shows up to give an idea what the correction will look like . Link to comment Share on other sites More sharing options...
AgentSmith Posted November 10, 2010 Report Share Posted November 10, 2010 Here is what the correction will look like: http://www.newyorkfed.org/markets/tot_operation_schedule.html Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted November 11, 2010 Report Share Posted November 11, 2010 Kool how silver and gold are supporting each other. Miners doing steady a climb overall short term. Link to comment Share on other sites More sharing options...
dharma Posted November 11, 2010 Report Share Posted November 11, 2010 i am feeling the $45 was all she wrote for this correction. dharma Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted November 12, 2010 Report Share Posted November 12, 2010 I was watching the spots last night which didn't look likely to recover the way they were acting so I put in some market sells on the open. Only HL did a serious gap down on my sells but I was up so much to begin with it didn't hurt so much. Been re-weighting and buying back and adding already as it is close enough for me in bargain hunting. Link to comment Share on other sites More sharing options...
Charmin Posted November 14, 2010 Author Report Share Posted November 14, 2010 Silver tapped out? http://trainingfortraders.com/Blog/?p=359 Chart http://trainingfortraders.com/Blog/wp-content/uploads/2010/11/Gold-Silver-Ratio1.jpg Chart of Gold/dollar http://trainingfortraders.com/Blog/wp-content/uploads/2010/11/TFT-Critical-Interim-Update-10-14-10.jpg Link to comment Share on other sites More sharing options...
Charmin Posted November 15, 2010 Author Report Share Posted November 15, 2010 i am feeling the $45 was all she wrote for this correction. dharma I wonder if that coincides with the dollar run up to the 78.60 area. Some might believe gold pulls back harder if the dollar can get through that area. Everyone is looking at the trendline below the recent lows in the dollar as support. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted November 15, 2010 Report Share Posted November 15, 2010 Caterpillar buying Bucyrus for $8.6 billion Heavy-equipment giant paying 32% cash premium in transaction I was thinking about buying some oil or natural gas stocks but I don't think they will outperform gold or even silver stocks as an inflation hedge. Link to comment Share on other sites More sharing options...
dharma Posted November 15, 2010 Report Share Posted November 15, 2010 Caterpillar buying Bucyrus for $8.6 billion Heavy-equipment giant paying 32% cash premium in transaction I was thinking about buying some oil or natural gas stocks but I don't think they will outperform gold or even silver stocks as an inflation hedge. in the last bull that was the case however, ng still has oversupply and is completely out of favor, majors are buying supply that being said i took a starter position in ung, because i think it is in a bottoming process dharma as for gold i look for volatility to ratchet up tomorrow and wednesday the bradley wednes and thurs astro turn w/venus and jupiter going direct miners didnt follow gold w/new lows on friday they are holding @these prices miners are making good scratch i am a buyer on weakness dharma Link to comment Share on other sites More sharing options...
dharma Posted November 16, 2010 Report Share Posted November 16, 2010 when the largest bond trader in the world, bill gross , comes on cnbc and issues a sell on bonds. stand up and take notice. bonds are tanking and as the dollar rises gold /stocks tank and that is what you are seeing. this will ultimately lead to an awakening which will bring 1700 gold into focus by end of january. the same situation occurred in 79 leading to more than a double in gold in 4 months. the awakening will come @some point here soon. the economy is weak, in spite of all the bull horns blaring. this will cause major problems 1341 gold breaks into the previous cycle. and 1325 is good support. i am wearing my buy hat, but conditions arent right yet, for me to pull the trigger dharma Link to comment Share on other sites More sharing options...
KnowsNothing Posted November 16, 2010 Report Share Posted November 16, 2010 I started rebuying my juniors today...agree nothing confirmed but initial small positions for now and will add the rest upon confirmation. bot some GC at 1333.5, shorted usd/cad 1.0247. tight mental stop on gc until confirmation of low. let's see. added silver @ 25.07 Link to comment Share on other sites More sharing options...
bearvest Posted November 17, 2010 Report Share Posted November 17, 2010 GOLD: Watch out for a possible HEAD & SHOULDERS formation between now and year's end. Link to comment Share on other sites More sharing options...
Ageka Posted November 17, 2010 Report Share Posted November 17, 2010 I have three opinions 1) I do not think we bounce ( weak opinion) 2) 1260 is a Fibo I picked as most likely 3) December is going to end lower then it started ( red monthly candle )strong opinion ) Thanks for your pic Bearvest Link to comment Share on other sites More sharing options...
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