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blackberryman

blackberryman
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  • A Short-Term Rally Is Setting Up In Gold [View article]
    Thanks greg. I had hoped to add to my position when JDST broke $8.65 in order to reduce my overall price and give me greater flexibility (hang on and wait for a ride up or exit at a lower overall price without loss). But I missed the opportunity as this ETF moves quickly. So I'll ride it for now. It looks like a lot volume is entering this ETF so far this morning.
    Feb 26, 2015. 09:42 AM | Likes Like |Link to Comment
  • A Short-Term Rally Is Setting Up In Gold [View article]
    gregd48-

    It looked good yesterday but not this morning. Gold is on a rise. Curious what you plan to do with your JDST position: keep it as gold peaks and declines, take loss now, or add to you position along the way? I should have stayed on the sidelines, but at least I took a very small position.
    Feb 26, 2015. 08:49 AM | Likes Like |Link to Comment
  • A Short-Term Rally Is Setting Up In Gold [View article]
    I also took a small position in JDST at $9.25. Of course, patience would have allowed me to get a lower entry point, as it may go down to $9. Gold just continues to seem weak when it hits the US market. If it follows the current pattern, it will likely jump back up overnight.
    Feb 25, 2015. 10:14 AM | Likes Like |Link to Comment
  • Gold Demand Won't Stay Down As Emerging Markets Buy [View article]
    Thanks, HA. Not much new but an interesting interview nonetheless. Would have been nice to ask where they see price action through the rest of the year.
    Feb 25, 2015. 09:55 AM | Likes Like |Link to Comment
  • A Short-Term Rally Is Setting Up In Gold [View article]
    Amen, John. Well said!
    Feb 25, 2015. 08:15 AM | 1 Like Like |Link to Comment
  • A Short-Term Rally Is Setting Up In Gold [View article]
    Pinto-

    I doubt the outcome will be as you described. Like others, I strongly suspect that banks have been somehow manipulating precious metals (BTW, "manipulating" means that the process somehow violates one or more laws or regulations). But the DOJ has a track record of non-prosecution. When they investigated the BP disaster, they quickly settled on fines. When they investigated the big banks for the derivative disaster, they settled on fines. With each major investigation of an entity or industry, the DOJ chooses to settle and levy fines. No one is prosecuted. It is a perfect way to exercise some power, obtain money and keep entities in check without having to prosecute. Why? Mostly likely so as not to risk exposing members of the government who are parties to the schemes. Or maybe to keep something over the heads of the parties to these schemes so they can extract more money when needed.

    IMHO, this DOJ investigation is just another shake-down opportunity. Nothing serious will come of it, other than the prospect of more money for the Administration to fund other shake-down operations. The Administration can't risk de-stabilizing the big banks...just bleed them a little from time-to-time.
    Feb 24, 2015. 11:38 AM | 1 Like Like |Link to Comment
  • A Short-Term Rally Is Setting Up In Gold [View article]
    QP-

    Thanks for the explanation and links. It makes more sense now. So since the DSI number is somewhat low (certainly not as low as 3%) might one conclude that the DSI is indicating that bullish sentiment is increasing?

    BTW, are the websites you linked worth joining, especially Tramline? Do they give regular updates on gold with DSI info? Is there a cost to it? Thanks!
    Feb 24, 2015. 08:59 AM | Likes Like |Link to Comment
  • A Short-Term Rally Is Setting Up In Gold [View article]
    Thanks for the update, Ben. Confusion (at least on my part) was mounting during your absence.
    Feb 24, 2015. 08:49 AM | Likes Like |Link to Comment
  • Why The Fed Has Lost The Will To Normalize Rates (And What You Can Do About It) [View article]
    Gary-

    Another interesting article. I remain concerned, however, that so much reliance is being place on bond-related funds like TLT. It has certainly been working to date, but it is looking more like a growing bubble to me. Any other options? Do you monitor precious metal ETFs?
    Feb 24, 2015. 08:39 AM | Likes Like |Link to Comment
  • A Short-Term Rally Is Setting Up In Gold [View article]
    Okay, so what does a 21% DSI imply? Does it mean that we are only about 10% away from marking a bottom. How to apply it is not clear to me.
    Feb 24, 2015. 12:38 AM | Likes Like |Link to Comment
  • A Short-Term Rally Is Setting Up In Gold [View article]
    Indeed. And it hit $1210 and is on its way back to challenge $1200. Some rally. HFTs are loving this, but I'm not. I'm curious what Ben thinks. It looks to me as though movements are being compressed. So I'm skeptical that this is going to take months to shake out. I'm starting to think this might all shake out in weeks.
    Feb 23, 2015. 11:16 AM | Likes Like |Link to Comment
  • A Short-Term Rally Is Setting Up In Gold [View article]
    Tough time for Ben to be without his tools of the trade. I'd like to believe that we are back in that $1180-1200 low range before we go higher. Gold is rising off the early morning lows, so perhaps this starts the rise (or maybe not)?

    Ben- When do you anticipate being able to access your charts and give an updated assessment?
    Feb 23, 2015. 08:28 AM | Likes Like |Link to Comment
  • A Short-Term Rally Is Setting Up In Gold [View article]
    Good point, Fred. A lot of money to be made within a range. So what ultimately breaks the range? A new player?
    Feb 22, 2015. 08:33 PM | Likes Like |Link to Comment
  • Zeits Crude Oil Review: February 11 EIA Report Was Neutral, But Failed To Instill Optimism [View article]
    Thanks, Elliot. That helps put things in perspective for me.
    Feb 20, 2015. 10:24 PM | Likes Like |Link to Comment
  • A Short-Term Rally Is Setting Up In Gold [View article]
    We'll all need good luck on this one. Gold does look like it may re-test $1200, perhaps this afternoon. JDST is one of my least favorite leveraged ETFs to hold going into the weekend, especially when gold is near an important pivot point. Tough call.
    Feb 20, 2015. 01:38 PM | Likes Like |Link to Comment
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