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Gold Rally

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Gold Rally

Postby Jonflyfish » Tue Jun 26, 2012 10:22 am

I could be 100% wrong but something tells me gold will rally soon.
Bought some at 1570 just now.
Cheers!
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Re: Gold Rally

Postby fb101 » Thu Jun 28, 2012 7:49 pm

Still long? Looks bad. thanks.
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Re: Gold Rally

Postby Rodebaugh » Thu Jun 28, 2012 8:16 pm

My observation: We are busting through support. Technicals can be thrown out the window in the short term.
This space for rent. :)
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Re: Gold Rally

Postby misteroman » Thu Jun 28, 2012 8:17 pm

I think you will see 1499 before ya see 1675 which is fine by me.
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Re: Gold Rally

Postby 68Camaro » Fri Jun 29, 2012 7:54 am

OK - this one I especially give Jon credit for. The "physics" of the move - specific cause - for this instance, definitely depended on market news about the ESM decision, so, Jon - in the data did you see some evidence of market movement ahead of the announcement, perhaps signs of some insider trading?
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Re: Gold Rally

Postby franklin » Fri Jun 29, 2012 9:38 am

Euro just jumped on Germany's decision. PMs should take off.
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Re: Gold Rally

Postby beauanderos » Fri Jun 29, 2012 10:29 am

franklin wrote:Euro just jumped on Germany's decision. PMs should take off.

Let's hope you're right, the Buck is down $1.24 8-)
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Re: Gold Rally

Postby shinnosuke » Fri Jun 29, 2012 11:06 am

beauanderos wrote:
franklin wrote:Euro just jumped on Germany's decision. PMs should take off.

Let's hope you're right, the Buck is down $1.24 8-)


Beware the rapidly shrinking half-life of rallies generated by pompous European announcements.
http://www.zerohedge.com/news/bidermans-disbelief-markets-unending-belief-something-nothing

http://www.zerohedge.com/news/charles-hugh-smith-why-debt-dependent-status-quo-doomed-one-chart
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Re: Gold Rally

Postby 68Camaro » Fri Jun 29, 2012 11:56 am

For paper traders, the rally was "enough", regardless of the half-life. For physical stackers, it's of little consequence.

I was just interested in Jon's data; what specifically did he see in advance of the announcement?
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Re: Gold Rally

Postby fb101 » Mon Jul 02, 2012 8:48 pm

68Camaro wrote:For paper traders, the rally was "enough", regardless of the half-life. For physical stackers, it's of little consequence.

I was just interested in Jon's data; what specifically did he see in advance of the announcement?



Maybe this is an example of what he sees?

http://www.ino.com/blog/2012/07/some-th ... or-macd-3/
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Re: Gold Rally

Postby Jonflyfish » Thu Sep 06, 2012 10:19 pm

Jonflyfish wrote:I could be 100% wrong but something tells me gold will rally soon.
Bought some at 1570 just now.
Cheers!

$1710 hedges holding strong. Will layoff later though.
Cheers!
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