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The %'s of time the 20 crushes the 50 the pressure has stayed consistent downwards more times the others. 7 to 0 in the last three years. That is some of the determining factors as to the 998 to 1004 bottom numbers I came up with. WE SHALL SEE.. There is defiantly a war of mights happening now.
ST
Sgt, don't listen to me (LOL) It can go the opposite at any time around these levels. I will start to take small positions in NUGT some time in the near future and will continue to average down small parts at a time till it bottoms.
ST
I am not seeing any major reason for this movement yet gold/GDX. but let one or both move below the threshold and the inversion should happen. GLTA
ST
Next area should be the 13.13 GDX we shall see.
One hell of a fight.. LOL GDX dangerously at the 13.41 point
The day is young. Let them clear their books from Friday and we shall see.
ST
I did look at the DHOT60 board over the weekend but needed a break after Friday night Saturday am DD. I will follow up this week on it.
Today I am looking for the 23.50 (dust) If we can hit it today and close above it today or tomorrow than my numbers hold true above and beyond. Of course only the crooks know what will happen today.LOL Ridding their coat tails and scooping up some of their droppings. It's a shitty job but some one has to do it....
ST
MJ, thank you. I will do more research into that type of charting. Lord knows I/we need every tool out there to beat the crooks. LOL
ST
AD, first let me say I typed it wrong. My notes show 998 bottom. Sorry for the mistype. It was 3 am when I finally had enough this morning.. LOL
Based on the 200 DMA over the last three years with out the definitive FED increase lingering, as we are seeing today the numbers/math shows a continued downward trend in gold. Not to say the correction will not have a reprieve before DEC 10th but the trend is stronger down than up. I do have a upwards guess if a reprieve does take place but we can discuss that number when it comes.
I have mentioned a few times about the short/contracts that have lingered for years and the people that control (manipulate) prices need to cover with out going broke. Their time has come to fix/face the reaper. IMO and DD since 99/00. Long over due if ya ask me.. Lol
As far as the gap up on Friday (DUST), looking at charts that had nowhere as much market volatility from the FED's, you can see quite a few never filled. If the dollar keeps strong and can push above the 100.13 then the sky is the limit and will fill the gap later.
Now there are people stating that gold/GDX is over sold as of today and I respectfully will disagree. There may not be a lot of room but there is none the less downwards room. RSI (gold)= 25.93 with a trend low of 18.03 (NUGT)= 33.49 with a trend low of 13.89. As you can see there is room. Can it hit or pass the lows? Following the dollar above the 100 will be a major determining factor in my own discussion of exiting (DUST) and going long on gold (NUGT).
Watch what happens at time of inversion (IMO) of DUST -v- NUGT. I rely can't give a based opinion but can only Imagen the influx of buying.
There is a lot more DD needed to help make exit/entry decisions and I graciously except any and all out side views.
By the way, MJ Money, could you explain this DHOT60? I see the 60 as EMA but can't determine any set standard as to the determining point of moment. Also a very civil reply with class. Always take some profits for the Family.. Thank IA.
We shall see folks, best wishes to you all.
ST
Where is gold going? If/When it breaks the 1078 then the 1074 the bottom should accrue somewhere in the range of 989 to 1004 range. IMO The dollar has to break and hold the 100.39 for this scenario/ math to become pliable.
I am quite sure that we will continue to see downwards pressure (manipulation) on gold at the beginning of this week. There is still some room before the RSI tells me enough is enough. The GDX, and NUGT have room to move down too. So we shale see if the shorter's and paper contracts get cleared above the 1074 or they to will wait for that 989/1004 range.
There is a lot more things to be taken into consideration to have some type of educated guess but I will drop those opinions on my next post.
Please feel free to politely and constructively criticise my opinion and point out something I might have have missed.
Hope everyone had a great weekend.
Thanks and let's make some $$$$$$.
ST
PS Dust still on track to break the 23.5/23.6 range I posted last week. IMO
Wow, ya all. If you where to put half that energy into DD as to where DUST will/could go from here it would be way more productive. I will have a opinion post as to what I see for this coming week on Sunday night. There is not enough time in life to be wasting ya all's talents belittling others. Just my opinion. Let's make some money for our families.
Have a good weekend
ST
A close at the HOD would look real good going into the weekend. Run Bulls Runnnnnn LOL but any thing above the 20.96 would do too.
Good for you. could of went the opposite too. My bet was that that the Fed has been backed up against the wall for to long and even the banksters have been calling for the increase. The biggest reason for the manipulated price of gold is for the big cover of short positions. Watch for the break in gold at 1072.30, if that where to happen then like I said before we are witnessing history.. GL to you.
looking for the the inversion and the 23.60 (NUGT)
mgplayer, how did that advice work out for you? I hope you did very well. more to come. sitting tight.
P.S. some new numbers will have to be adjusted now.. lol
Wish I was wrong all the time.... LOL Best to ya .. wait for the inversion going to be exiting.. you watch what happens.. imo
Your three teers on NUGT as (IMO) see it are (1)26.67 (2)25.36 and (23.60) just about the time they Invert.. Best Wishes to ya....IMO Only
So we shall see. So far up till today The charts and the good/bad news has been spot on. If I am wrong so be it but till this day I HAVE BEEN HITTING EVERY # close as hell. 1100 WILL break and there is a reason for it to happen.. DD does not LIE. Every one should do some..
Report will be out before market opens in AM.
http://www.marketwatch.com/Economy-Politics/Calendars/Economic
stick by the gut, no one said all or none. I cant blame you for taking profit. Is that not why you are here? LOL Good luck to ya
Tick Tock 1,099.99 in sight.... tomorrow is going to be a nail biting day.. LOL
If 1100 breaks I see the 22.80 coming. IMO only. We shall see. tomorrow will determine the break out. IMO. Watch the gold before ya jump. lol
Looking good for 19.50+ . We shall see. Good luck all
And you where saying? Rate hike coming, job's report to beat expectations and earnings will not be as bad as projected. (cried wolf for too long) imo only. History in the making folks.
So far numbers are looking text book except the price on DUST/NUGT. A bit behind the trend but should catch up fairly quickly by Friday job's report and more earnings reports. Looking to see DUST pass the 19.50. This of course is just my opinion. The 1112 was a great mile stone and if that breaks say byby to the 1100's. Good luck all..
well i will disagree, never closed the 1112 and the shorts/contracts are covering slowly. weak hands created by fear.. 200dma is in sight.ST IMO
looking for 17.48 then 19.56. gold below 1128 to free fall to 1112 IMO only
That 1141.31 50dma held at the end of the day. The start of next week could see a small rebound. Hope everyone did good this week. Have a great weekend.
gold will spike for a short time in the am,IMO then continue the sell off from hedge Sad.. Again history has done it before, looking for the retreat to 1130. lol
dmcc, If it brakes the 1141 +- then the one year chart says it will go lower. It may be a temporary drop but as of today it's trend is down. By what I can tell 1130 +- 2p will be the bottom by Dec Fed meeting.. As you know the market is being manipulated by the rich (Fed's) and they don't give a f about you or me. Just trying to ride their coat tails. Crumbs are better than none'zzzz.. LOl
PS, my first post on nugt board. Best wishes....
I see nugt free falling below 65.65 here we go. we shall see
Tick tock Tick Tock 1130 +- getting clearer..We shall see GLTA
And you where saying? 1130 + - I will be surprised if we don't see and hold the 15.50 today or tomorrow.
Looking to break the 15.50 and hold IMO. going to be interesting. Have a great day. 1130 + - 2 IMO target by DEC.
and then 1130 + or - 2 LOL
TheSittingtight1 Tuesday, 10/27/15 10:27:04 AM
Re: letj21 post# 3118
Post # of 3151
ya, but the dxy has been kicking azz for the last 4 days.. Looking for gold to drop below the 1159 and then close that 1130 +- area before December fed meeting. We shall see,
ya, but the dxy has been kicking azz for the last 4 days.. Looking for gold to drop below the 1159 and then close that 1130 +- area before December fed meeting. We shall see,
one hell of a fight. LOL
My first post here, Manipulation is a BITCH. There was a post a few days back that said charts don't matter.. Short or Long the big boys take profits. Stay on their coat tails.. Just a observation of a next level trader.
IMO the gap will close at 1,132 + or - 3 points by Dec Fed meeting. I am of the belief that there will be a interest rate increase this year for the simple fact that even the major banks are saying get it done... or we will go -1/4%... the time has run out for the Fed's to stall any longer IMO
short sweet fast