Goldmember Posted August 23, 2011 Report Share Posted August 23, 2011 http://www.youtube.com/watch?v=at8hZpXyykM&feature=player_detailpage http://finance.yahoo.com/intlindices?e=asia Link to comment Share on other sites More sharing options...
Goldmember Posted August 23, 2011 Author Report Share Posted August 23, 2011 http://www.youtube.com/watch?v=RhTu1-8KbW8&feature=player_detailpage http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/ YouRope: Link to comment Share on other sites More sharing options...
Lugnut Posted August 23, 2011 Report Share Posted August 23, 2011 Check this DZZ chart out http://stockcharts.com/h-sc/ui?s=DZZ&p=D&b=5&g=0&id=p13862042475 I place the accumulation/distribution in the background of charts and sometimes see interesting divergences. Look around Aug 2 thru Aug 12. A bunch of people bought DZZ betting they found the top for gold. They got crushed and got out. Since then the brave have left the field. Smells like a top. Link to comment Share on other sites More sharing options...
Scully Posted August 23, 2011 Report Share Posted August 23, 2011 Wow, lots going on out there, some of which looks like it is reversing before the open. It looks to me like a peak and clean breakdown in gold. I certainly hope so, as we would like lower prices to give us a long entry point for our core holdings. Link to comment Share on other sites More sharing options...
Scully Posted August 23, 2011 Report Share Posted August 23, 2011 10 year bond looks like it made a clean break down. Certainly this is expected someday when the short squeeze fizzles out. But as I write, it is either retesting the breakdown or starting to push back into the channel - not sure which. If it succeeds at pushing back in, I will have to expand the larger channel to include the price action. Link to comment Share on other sites More sharing options...
Scully Posted August 23, 2011 Report Share Posted August 23, 2011 SPX did push through the resistance line I had drawn yesterday (in red) but has since reversed back into the trending channel so it has been redrawn to include the price movement. This still gives a reasonable channel height so it is an acceptable interpretation. It is currently headed down, and my bank shorts are all still below my stops from yesterday, so I am leaving the stops as is from now. Link to comment Share on other sites More sharing options...
alceringa Posted August 23, 2011 Report Share Posted August 23, 2011 Interlude- Musical Tribute to Big Hair- http://www.youtube.com/watch?v=R36CixkIaIc I'm just a bird in the Sky... Link to comment Share on other sites More sharing options...
fanatic Posted August 23, 2011 Report Share Posted August 23, 2011 IB reporting the NYSE is unavailable for trading. That should firm up the futures. LOL Link to comment Share on other sites More sharing options...
DrStool Posted August 23, 2011 Report Share Posted August 23, 2011 Oy, every time I ate at Wolfies, I got such indigestion, I tell ya. Best kippered salmon I ever had is at a place in Delray called Poppies. You can often catch us there taking my mother to dinner on a Saturday or Sunday night. She loves the borscht and blintzes! Link to comment Share on other sites More sharing options...
DrStool Posted August 23, 2011 Report Share Posted August 23, 2011 Precious Metals Update and Price Projections 8/23/11 Link to comment Share on other sites More sharing options...
DrStool Posted August 23, 2011 Report Share Posted August 23, 2011 Link to comment Share on other sites More sharing options...
K Wave Rider Posted August 23, 2011 Report Share Posted August 23, 2011 Gold back down to 5 min 900... possibility top is basically in now... let's see what kind of bounce we get here.... Link to comment Share on other sites More sharing options...
Jetlag Posted August 23, 2011 Report Share Posted August 23, 2011 Totally unexpected: "Standard & Poor’s, the ratings company that downgraded the U.S. AAA credit ranking for the first time, will replace President Deven Sharma with Citibank NA Chief Operating Officer Douglas Peterson. " http://www.bloomberg.com/news/2011-08-23/douglas-peterson-to-become-president-of-s-p.html Link to comment Share on other sites More sharing options...
DrStool Posted August 23, 2011 Report Share Posted August 23, 2011 Florida may not be out of the woods if this thing tracks left of the official NHC forecast. Link to comment Share on other sites More sharing options...
DrStool Posted August 23, 2011 Report Share Posted August 23, 2011 Could be the end of the Bahamas as we know it. Those islands are all pretty flat. Link to comment Share on other sites More sharing options...
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