a quick 10 % shakeout to get all you guys out. Gonna whipsaw ya coolie. This baby is ready to rock and roll.

you think so? wishful thinking? what indicators of such are you using? can you point to other examples where a serious impulse down like we have had does not at aleast have a brother down?
an attack on Iran would presumably be good for metals, but who knows in alice in wonderland world of the feed

If she's gonna bounce right here is a good spot as $XAU, GDX, $HUI all at or around their 200 ema's.........anything over a 50% retrace I would consider a shorting opportunity, with stops, as I said before, once it convinces everyone that this was a speed bump then down she goes again, all imvho of course

A close look at the 60 minute intraday chart for gld still indicates that gld could bump up from here, but volume needs to pick up from yesterday.

uh

Most of you will get back in only when it hits a new high. What indicators tell you Gold is going down from here? I don't really want to know. Whatever indicator that is, get rid of it.

I don't understand how you can not be in the Greatest Bull market about to happen probably of all time. I guess thats why this is called traders-talk and not investors talk. Keep up the musical chairs boys. lol

Simply differing trading styles, some trade 5 min charts others buy and hold for months.....depends on ones risk tolerance and personal preference etc.
Not many around here willing to stomach more than a 2% drawdown.....

I have also observed that Cheerleading can be hazardous to your wealth unless of course you are secretly short

woody: why would something "over" a 50% retrace entice you back in? wouldnt a stronger retrace be evidence that the bounce might be for real?

cg: why not share what you are seeing rather than bash, unless as woody says you are talking the market up to short into?

Dougie, all depends on a myriad of factors, sitting here today thats the expectation, but if it looks different then I'll go with what the market says.

For the sake of the Bull I would like to see a greater unwinding of Bullish sentiment and more folks believing like Neely does ...that the Bull is over, more than likely, this is being viewed as a buying opportunity, and maybe so longer term, but in the vst likely not.

Anyway, I will be watching how the mkt reacts at key MA's and at Price resistance with a bias to shorting.

Its a very volatile market and I would not read much into a retracement of 50 to 62%