Brad Zigler

Will Gold Stock Earnings Surprise Anyone?

Bears are looking for a test of the $767 level in June futures.

Will Gold Stock Earnings Surprise Anyone?

For futures traders in the June COMEX contract, the $850 level's in view.


On Apr 18 02:06 PM Brad Zigler wrote:

> Well, there was a LOT of technical damage done to bullion this past
> week. Spot gold loco London broke below its October-February trendline;
> the nearby COMEX contract cracked through its 100-day moving average
> and is now within a day of taking out its 200-day moving average.
>
>
>

Will Gold Stock Earnings Surprise Anyone?

Well, there was a LOT of technical damage done to bullion this past week. Spot gold loco London broke below its October-February trendline; the nearby COMEX contract cracked through its 100-day moving average and is now within a day of taking out its 200-day moving average.




On Apr 18 12:43 PM RiskReturnOptimizer wrote:

> CNBC is teaching the purple crayon rule ... and telling people that
> GLD has put in double top, and will break down much lower soon.
>
>
> Not sure fundamentals support that view, but concerned their millions
> of viewers will take their advice. Maybe we wait for those amateurs
> to exit the gold market, and we BUY, BUY, BUY more, until the eventual
> 1000+ target is achieved.

Will Gold Stock Earnings Surprise Anyone?

Well, differences are what makes a market a market. Circumstances change, as do market participants' viewpoints.

We're all dealing with perceptions of value. Manny's sense of value is not the same as Moe's or Jack's.

Issuing the fiat "buy" could well be inappropriate for certain individuals.


On Apr 17 10:55 AM GMiki1 wrote:

> And then another turning point comes and it's all different again.
> What's the turning point? A technical chartist's hidden pivot? An
> international incident? Or do these two strangely coincide? Hold
> a few gold and silver stocks as well as physical. The PMs have gotten
> beaten up this week so buy.

Will Gold Stock Earnings Surprise Anyone?

Expectations--and how they're met--are especially critical at market turning points. In a perfect world--for analysts--company earnings would match forecasts. There'd be, as a result, no reaction trade. But that doesn't happen. Company earnings DO surprise analysts and traders; the market DOES react to these surprise.

All that's being done here is to attempt quantification of a risk factor. Traders facing a known risk, then, can take steps to avoid or counteract it.

How superficial is THAT?