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Yes, agree, in the 1300-1320, feels so much like no mans land....trap
I haven't traded in two weeks because of it, no technicals are working for me so far this month, seems pointless, hence why I'm waiting for a break out over 1360
There is no bottom for me, I'd rather not chase if the FED isn't done flushing the sheep out
Will touch some jnug at 1270 or so with tight stop, if it breaks down, I'm not touching it, it won't hold 1180 the 3rd time, I'm sure of that, I won't go long until I see a break out and test of new support above 1365 or so
https://www.tradingview.com/x/bl5qp1Hf/
LMAO!
paper tail...good one...
yeah, looking forward to it....I watch every morning now for fun at 5-6am, everyday, the same smack down, right on the money...is that the gold fix being applied, so it has to come down? because it always seems to go up before, then splat.
Seems like it's already opened, thought it was only opening in Sept, no?
You're a gentleman and scholar.
Mid 2015 could see the capitulation I'm waiting for $13 silver looks to fit in well there, short term 18.70 critical support test, FED will smash it down through resistance like in April 2013, that should get rid of silver bugs.
https://www.tradingview.com/x/kNWBc9RE/
As for gold, same pattern, bearish flash, continuation, whatever you want to call it, it's extremely bearish and the FED, JPM and GS are planning their attack date...would be interesting if it was Arpil 2015... 1050 imminent...
https://www.tradingview.com/x/KaxxfiPD/
Stop drawing this line...it's completely wrong.
https://www.tradingview.com/x/bfAn6cCh/
Gold hasn't followed through and is barely holding onto 1300...
Investors need more of a run, past 1400 in order regain confidence in miners...most are scared since 800-1000 calls are rampant in the media...
Can you blame the sheep? (myself being one of them)
I'd rather pay at 25% premium than chase a falling knife to $800/oz and possible BK's for most miners...
Do you have a link to this?
I can't find anything saying some kind of fixing in china happening.
North American miners are based on Comex gold prices, not some Chinese exchange, I'm ignorant when it comes to this subject though....are you saying that the USA won't be the only ones deciding the POG in the morning?
Unlimited money = unlimited smacking down forever IMO
Nah, I wouldn't take credit, I've been in and out short for weeks with JDST and NUGT, haven't gone long, because a rally doesn't last more than 1 night....it's sad, but true...
Tomorrow will be a bug meltdown, gold worms are going to destroy bugs with sub 1300...
Need nuclear war and a financial meltdown, assassination, world war 3...and it would barely stay above 1300...
FED won't stop until those pesky bugs throw in the towel...
800 gold should do it.
Why would you need to own gold wit hthe FED being able to print unlimited money...nothing can go wrong with the economy with the printing press going at full speed...
Gold needs financial collapse and it won't happen this time.
Miners are toast, suckers bet to own any going into 2015...
Mining = thing of the past,
Gold = thing of the past..worthless IMO, listen to buffet.
Look how gold is traded, constantly being smacked non stop almost all day by the FED.
The 1% are doing everything they can to keep the sheep from flocking towards gold...
Sooner you get out of mining and just take your losses, the sooner you can rake in the cash with regular markets, tech, bio etc...
Gold target 1265 in the next week or two...so many catalysts and gold still can't hold a $10 gain, brutal and extremely bearish.
https://www.tradingview.com/x/LIYyfAZv/
Looking for 800-1000 capitulation in 2015, I'll load up physical big time and miners there...
There needs to be a flushing of scam miners with pathetic management
No gold worm position
Just holding a massive position in Belo Sun mining at 0.17
NO, but gold, is just a piece of metal...I can print a bunch of coins with serial numbers on them and make them worth a certain amount...it's the same deal, finite amount etc...like bitcoins....gold is just a metal...it serves no purpose...only a fraction of it is used for tech, the rest is for show...
Thing of the past if you ask me...and it'll be forgotten once the price hits $200-400 where it should be IMO...
They're mining too much of it, too many scam miners need to go away
Let's face it, gold isn't backed by any currency...it's just a yellow metal that's used in a few computers and some moms like buying it for rings and jewels...it's worthless these days...
With carbon nanotubes coming into the mainstream, technology is moving away from gold.
Why is gold worth 1300 when you can't buy anything with it...
Can you buy groceries with it? nope...drugs? nope...
No accepts gold, it's not currency and it's not backed by currency, making it worthless...Buffet makes sense.
GLD should get it's gap filled at 123.04 tomorrow, gold looking very weak IMO.
USD breaking out hard, looking to buy some physical between 800-1000, gold hasn't even begun to capitulate yet.
Still way too many bag holders clinging on for dear life...when this capitulates, they will sell...at the bottom as usual...
This 1178 bottom is not going to hold...never.
Gold to 1000 next...will be some bargain miners there too.
800 could be bottom, let's not forget, gold is dead, no one likes it anymore...Silver, forget about it...worthless
Looks like I might have to try using matrix turn-key systems for my trades...
LMAO!!!
This baby is about to take off!
Go eye tocs
Nothing's changed in my chart, just testing support.
Should move back up, tomorrow will be a huge day for bears or bulls.
https://www.tradingview.com/x/B2NuFOCW/
Well, now it's broken...LMAO
Breakout where....USD hasn't broken out yet.
https://www.tradingview.com/x/LKT2TYHw
The UN should agree that all markets are to be closed during conflicts i bet you the conflict would be cleared up very quickly, instead of profiting from war, the 1% would be quick to find a peaceful resolution.
Would be a way to solve some of the worlds problems don't you think?
Totally, after gold hits about 1360, it's going to stay between 800-1000 for a few years, FED knows it can NEVER ever raise interest rates and they can print money forever, so it doesn't really matter, gold will ONLY move if interest rates go up, no war, airplane crash, CPI, GDP, employment at 2% or 30%, QE , no QE, it doesn't matter, none of those will make gold up, only inflation and the FED will never allow it.
They're talking mid 2015? no way, won't happen.
Gold top of resistance is still around 1360, but after that, bye bye, I'm selling all my miners, because gold is worthless. I see it going back to 200$ / oz in my lifetime.
I feel the same way as you.
Let's see if my chart works.
At least I'm actually betting on my own charts.
I keep it simple and don't use theories. A monkey can pick a stock more accurately than using gartley's or elliot waves.
I use patterns that have been tested over and over that have repetitive success rates of more than 65%
A falling wedge is a VERY accurate pattern and breaks out approx 80% of the time.
Bottom play here on falling wedge?
The 15 minute hammer might be enough of a confirmation for me.
https://www.tradingview.com/x/tYyECVxt
Check out that 15 minute hammer, first one I've seen in a week, since the 18th.
https://www.tradingview.com/x/kdbFmRpE
Looks like the top of the dollar to me.
https://www.tradingview.com/x/gGcRBpdH/
Housing sales was a disaster, CPI is more like 10%, many have done their own DD on prices of goods....all lies from the GOV...
I heard of a car dealership denying over 40 people trying to lease cars...
What you read and see on TV is NOT what is actually happening in the states...it's actually a disaster.
Looking like a falling wedge, very bullish, but 1280 might have to be tested before moving up, the fractal version of the big wedge failed a few minutes ago.
https://www.tradingview.com/x/TU0sixaV
Thoughts?
That wedge is bearish.
Target $800 in 2015.
Sorry bugs...
LMAO!!!
Price of gold will never go up, because the FED knows it can never ever ever raise interest rates.
Yeah, no 1260 target, here's why
https://www.tradingview.com/x/pupSoVWh/
Won't happen, because we're the ones holding up the curtain. We're too scared to face the real numbers because we won't be eating anything unless we grow it.
Gold headed to 1250-1260 imminent. Gold is back to being hated like crazy.
my question, if it only took 4 billion or so to smack it down $50...why don't they print and dump 100B in one shot, that should bring it straight down to bout 800-1000...
Why do it slowly...
"X" marks the spot...either the first X supports us at 1291...or we flush to the bottom X at about 1260 in 5-6 days.
https://www.tradingview.com/x/Ayb17u9y
if jp morgan says 1050....thats where its headed because they will make it go there...its simple...the US will never default and will print money forever...
Complete fraud....who do you contact to get this investigated....I don't get how this isn't public
Strange, I see lots of miners ignoring this gold crash...
Are they calling golds bluff this time?
LMAO!
So glad I sold all miners on Friday...so lucky.
Who sells billions of $ of gold at market price with no limits
How is this even legal...pisses me off how they get away with it.
Another interesting monthly view
https://www.tradingview.com/x/1TWJPjcG
Imagine the run that could happen, LMAO
That chart your posting, wedge in a downtrend is 80% bearish and will break down not up.
Have to look at the bigger picture too, a descending broadening wedge is what I see long term with a double bottom.
https://www.tradingview.com/x/ar5LUvoe
I disagree with your chart, a symmetrical wedge is what you're pointing out, is bearish, where as a falling wedge would break out, this is not what we see with your chart.
In your chart, you're also missing the cup and handle, most investors online have missed it, a good formation on the handle in and out, target 1365 top, if it breaks through, the party starts, but it's too early. will flush back to 1280 and fall way down from there, triple bottom should be in play near the end of the year IMO.
https://www.tradingview.com/x/zXQjyLuy
check out the short numbers for gdxj ... almost 75%!!!
never saw it that high...
but yeah...slowly getting knocked down...target 1300, hopefully 1280 holds if 1300 fails..but its going down...nothing we can do but watch it get chopped