not a braodening top anymore...indecision for sure. Could still be drawn as a bullish flag?
seasonals now against the metals as is COT data and perhaps sentiment
QUOTE (dougie @ Mar 7 2008, 12:44 PM) 
not a braodening top anymore...indecision for sure. Could still be drawn as a bullish flag?
seasonals now against the metals as is COT data and perhaps sentiment
seasonals now against the metals as is COT data and perhaps sentiment
A muy tough near term market, maybe we go down some more but once the stock market bottoms I think its muy rapido again to the upside.
BSing away
Senor
concur and that may happen muy soon
QUOTE (dougie @ Mar 7 2008, 06:06 PM)
concur and that may happen muy soon
Muy bueno!
Senor
QUOTE (senorBS @ Mar 7 2008, 08:17 PM)
QUOTE (dougie @ Mar 7 2008, 06:06 PM)
concur and that may happen muy soon
Muy bueno!
Senor
Gracias for the input. As always I love your thought process.
if one looks at a gold chart over the last few years. 675,775,875,975 all produced consolidations which led to up moves above the round # , this is what it appears we have here. today is the bradley. next week cyclic lows are due in the broads. and the following week, the fed will work its magic. looking for a continuation out of the consolidation. dharma
ps. if anyone was around during the previous bull market, the imf gold sales were an event that created buying opportunity. this time it was a one day pullback. there are lots of dollar holders that would love to change the dollars into gold.
ps. if anyone was around during the previous bull market, the imf gold sales were an event that created buying opportunity. this time it was a one day pullback. there are lots of dollar holders that would love to change the dollars into gold.
QUOTE (dharma @ Mar 8 2008, 02:13 PM)
if one looks at a gold chart over the last few years. 675,775,875,975 all produced consolidations which led to up moves above the round # , this is what it appears we have here. today is the bradley. next week cyclic lows are due in the broads. and the following week, the fed will work its magic. looking for a continuation out of the consolidation. dharma
ps. if anyone was around during the previous bull market, the imf gold sales were an event that created buying opportunity. this time it was a one day pullback. there are lots of dollar holders that would love to change the dollars into gold.
ps. if anyone was around during the previous bull market, the imf gold sales were an event that created buying opportunity. this time it was a one day pullback. there are lots of dollar holders that would love to change the dollars into gold.
Excellente thoughts amigo, Senor concurs. Maybe Gold tests 950-960 and Silver 19.50 and then norte again, if they even go that low.
BS is beautiful
Senor
QUOTE (senorBS @ Mar 8 2008, 04:52 PM)
QUOTE (dharma @ Mar 8 2008, 02:13 PM)
if one looks at a gold chart over the last few years. 675,775,875,975 all produced consolidations which led to up moves above the round # , this is what it appears we have here. today is the bradley. next week cyclic lows are due in the broads. and the following week, the fed will work its magic. looking for a continuation out of the consolidation. dharma
ps. if anyone was around during the previous bull market, the imf gold sales were an event that created buying opportunity. this time it was a one day pullback. there are lots of dollar holders that would love to change the dollars into gold.
ps. if anyone was around during the previous bull market, the imf gold sales were an event that created buying opportunity. this time it was a one day pullback. there are lots of dollar holders that would love to change the dollars into gold.
Excellente thoughts amigo, Senor concurs. Maybe Gold tests 950-960 and Silver 19.50 and then norte again, if they even go that low.
BS is beautiful
Senor
Howdy folks,
This is what it's feelling like - that we consolidate here, head north and crack 1000 solidly - say to 1025 or so, before turning down for the seasonal correction back to the 950 range - perhaps even down around 900. I think we'll start the correction around tax time as some folks will have to liquidate their Oro and be eager to do so at prices over 1000.
On the upside, the Fed meeting with them again cutting rates - not just talking about it - should be the trigger to break El Grande, all else equal.
Anyway, this is the scenario that benefits me the best because the kid will be able to access some funds towards the end of April that I want to use to buy bullion - and I would just as soon it be on sale, TYVM!
Oh, and I added to my SLV on friday.
peace,
rono
well today is looking like a bit more consolidation than i thought but if these lows hold then...
Senor: we got your 960 and the bearishness on this drop is growling louder by the minute. a sharp short move higher would surprise the most i think
voila!