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Bob Kirtley  

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  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    Dollar drops but gold fails to rally - not a good sign for gold prices - Cash is still King

    http://bit.ly/1JY6dBz

    Take care
    May 2, 2015. 12:35 AM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    "DXY is today DOWN 0.30 to 97.76 to soon challenge the crucial 97.5 level, which if that fails will activate its Double Top at 100, and thereby signal a large drop to approximately 89"

    Well as I read this the DXY is 97.30, so if you are correct then the USD should fall to 89 - we'll soon know.

    The other events that you mention, Greece, etc, are all known about and to some extent they are baked into the cake.

    We will no doubt get small rallies and small falls over any short time period, but overall gold will trade $1000/oz this year.

    Take care
    Apr 23, 2015. 05:25 PM | Likes Like |Link to Comment
  • That Was Quick! Our First Premium Author Hits $200,000 In Annual Revenue [View article]
    Well done Chris, I think I'll celebrate your success with a nice cup of tea.
    Apr 22, 2015. 07:05 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    James,

    Gold is rolling over and heading back to challenge the support level of around $1150/oz having just dropped below its 50dma and the HUI is still only 22 points above its support level of 150 and it has also dropped below its 50dma.
    As for the US dollar it is up for four days in a row and still above its 50dma, once this breather is over it will get above the 100 level.
    Take care that final capitulation is still coming.
    Apr 22, 2015. 04:40 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    Steven,

    "A Greek default would accelerate the Euro's uptrend--on that I would bet my entire net worth." - a tad cavalier for me.

    Its not just the Greeks leaving its the contagion that will follow - France could easily be the next one out especially if the 'Front National' win control and lets face they can't pay their debts off ever. Same goes for the UK and a few of the other so called better off members of the EU.
    Apr 22, 2015. 04:33 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    'no new lows in recent weeks' well maybe not in April, but we are still in April, your comment is a tad too micro for me.

    The middle of March came very close to forming a new low which was only a month ago, nope we are not out of the woods yet and we still have to get through 'sell in may' etc.

    Also, should the Greeks default the Euro will fall out of bed pushing the dollar higher, gold to trade below $1000/oz coming to a screen near you.

    Take care, Bob K
    Apr 21, 2015. 10:11 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Sleeps At Least For Now [View article]
    James,

    Gold is more or less where it was last December - that's not rising its going sideways - same goes for the HUI which has gained very little this year.
    Apr 15, 2015. 07:16 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    GDX isn't the real deal, Gold is and its run of higher lows has been broken. The uptrend has not been established yet - but that's just our view.
    Apr 15, 2015. 07:13 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    Steven,
    Gold's run of higher lows was broken in March so there is no trend there.
    The USD continues to make ground - did you notice that it touched '100' on the US Dollar Index yesterday.
    We don't have your confidence to have only 4% in cash at the moment, the thought of it gives me the shivers, but we do admire your bravery at this time.
    Take care
    Apr 13, 2015. 06:18 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Sleeps At Least For Now [View article]
    5731311,

    You are even more bearish than we are, but sub $1000/oz is on the cards in our view.
    Apr 12, 2015. 06:57 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Sleeps At Least For Now [View article]
    James,

    Gold is only up $2 for the week and the trend is down, it may move higher over the next week but over the next month or so we are of the opinion that it will trade a lot lower than today's price.
    Good news about Apple though, every little bit will help when the time comes and we are not that far away, however the next leg down will be eye watering to say the least.
    Go gently
    Apr 12, 2015. 06:55 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Sleeps At Least For Now [View article]
    David,

    That's privileged data for the subscribers to our premium service so I can't give you it, other than to say don't assume that its all long or short for that matter.
    Apr 12, 2015. 06:49 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Sleeps At Least For Now [View article]
    pmccance123,

    Be careful with QE and remember that QE1 and QE3 sent gold up but QE3 didn't. Its not just QE that's important its what is in it that counts - the devil is in the detail as they say.
    Go gently
    Apr 10, 2015. 05:40 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Sleeps At Least For Now [View article]
    T-time,

    "could have said that every 3 months for the last 3 years and been accurate... dare to be more specific" - first of all we have been in the bear camp for the last 3 years or so and have posted articles on SA to that affect.

    Secondly we publish our track record and every trade we make which is more than most dare to do. Our record shows that we have placed and closed a number of short trades at a profit so we do have skin the game as they say.

    As for 'when' well we are closing in on that date and price level that will turn us bullish, however, as we manage a premium service it is only right that they should know first. We are currently reducing our short list of about 30 stocks to hopefully about a dozen or so. When the time comes we will send trading signals to our subscribers informing them of which stocks we are buying, at what price and how much we allocating, etc. These signals go out at the same time that we are buying.

    The future looks very exciting to us as we have 70% of our funds in dollars and they have outperformed the PM sector for some time now.

    This link takes you to our track record: http://bit.ly/17UodLA

    Take care and be patient, Bob K
    Apr 10, 2015. 05:37 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    Steven,

    If I remember correctly you reduced your cash assets to around 4% a few months ago - that's as good as "all in" for me.
    Apr 10, 2015. 05:17 PM | Likes Like |Link to Comment
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