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  • Gold For Bears: Yearly Reversal Is Here [View instapost]
    there is still a chance to close this year at around 520 (and even make the low to 430) , for that to happen we must close november below 1025, say 920, then open december with a quick test to 1000 and by christmas end at 520. Technically there is nothing weird in a drop like this, it is a normal bearish development, we had already a drop of 300 bucks in April, next 2 month a drop of 400 bucks each is absolutely ok.
    Nov 9, 2013. 02:54 PM | Likes Like |Link to Comment
  • Nasdaq's Final Top [View instapost]
    I forgot to mention that this analysis, is based on the "inverse relation trade" of the projected move on USD, described in my previous "USD, 3000 pip move" post
    Nov 9, 2013. 09:25 AM | Likes Like |Link to Comment
  • Gold For Bears: Yearly Reversal Is Here [View instapost]
    it is amazing how I nailed it on the bounce from 1180, now straight down to 600 level.
    Nov 9, 2013. 09:19 AM | Likes Like |Link to Comment
  • The 12 Biggest Mistakes The Media Make When Covering Gold Markets [View article]
    Gold bugs are neanderthals of 21 century. They don't realize we don't need any more gold to use it as currency. The technology today provide almost free ways to exchange value in seconds around the world. Gold bugs will be taught by the mother nature of this world about what gold really is and how much is it really worth, but to what us (smart people) concerns is to short the thing and don't exit until it gets to $430
    Apr 26, 2013. 05:15 AM | 2 Likes Like |Link to Comment
  • Central Banks To Accumulate Gold For Another 5 Years At Least [View article]
    hmm, interesting chart of world's gold reserves. it shows that gold peaked just before Nixon untied gold from the dollar, since then gold reserves have been in decline. This is another confirmation that gold bubble is peaking after 3,000 years of its use as money. From here, for gold reserves there is no where more to go but down, and when the electronic money will win over paper money and all of us will use credit cards or cellphones to exchange goods, gold will become a 100% commodity and its use as money will be discontinued officially. (by officially I mean, you will see gold coins at the museum only and Wikipedia will state the last date when gold was used as money)
    Dec 22, 2012. 01:32 PM | 4 Likes Like |Link to Comment
  • Gold Little Changed In November, Could Surge In December [View article]
    "a single trader" happens to be Ross Norman, gold trader with more than 10 years of trading future contracts, these kind of guys know about risk calculation
    Dec 1, 2012. 06:29 AM | Likes Like |Link to Comment
  • Regression And Volatility-Based 1-Year GLD Price Projections [View article]
    I am sorry, you can't draw trendlines through the price, you have to do it on the boundaries. Get a TA book.
    Nov 5, 2012. 07:44 AM | 1 Like Like |Link to Comment
  • The Bottom For Silver Is In, Prepare For A Rally [View article]
    it is not a flag formation, it is called down trend channel. get ready for a big plunge back to 15 bucks
    Jan 17, 2012. 03:18 PM | 6 Likes Like |Link to Comment
  • Anticipating The Next Golden Cross [View article]
    you only can buy when the cross happens, but not before.
    Jan 16, 2012. 03:32 PM | Likes Like |Link to Comment
  • Just How Low Can Gold ETFs Go? [View article]
    just as nutty when I said bonds going higher when Bill Gross dropped his bond holdings ?
    or as nutty when i said it was the bottom on the dollar when everybody was calling for dollar collapse?
    Jan 8, 2012. 06:51 AM | Likes Like |Link to Comment
  • Buy Gold In Advance Of QE3 [View article]
    so you are saying that one trillion of QE will sustain 700 trillion of derivatives. Why do market analysts have so many problems with mathematics ?
    Jan 7, 2012. 04:49 PM | 2 Likes Like |Link to Comment
  • Just How Low Can Gold ETFs Go? [View article]
    i am targeting 1182 for this month's low, technicals here:
    Jan 7, 2012. 04:36 PM | Likes Like |Link to Comment
  • A Simple Formula For The Fair Price Of Gold [View article]
    wow, despite it is logarithmic, I love this chart and this is how I read it:

    Century 19: we open the century with a countertrend move, test the lows and go up. In the year 30 of the century we do correction of 30 years long. We close the century up with new high.
    Century 20: we open the century with a countertrend move, test the lows and go up. In the year 30 we do a correction of 60 years long. We close the century up with a new high.
    Century 21: we open the century with a countertrend move, test the lows and ...... well, you got the picture, didn't you ?

    Few more details:
    The century 19 established level 1 as resistance, century 20 tested this level as support in 1980s
    The trading range levels marked in century 20 are level 2 , level 5 and level 20. Level 5 looks like a good support to me for this century.

    Clearly, the trend is up, and this means long term stocks will go sky high. The only hope for gold bugs is the megaphone pattern (broadening top) located on years 1920-2000 that on resolution , would bring DOW/GOLD to practically zero, i.e to the level of year of 1800, but that fundamentally would mean that you believe the progress humanity made over last 100 years is worthless and we will be trending towards a prehistoric man life style again (which is the current gold bug's understanding of fundamentals after an excellent brainwash applied on them by market makers)
    Jan 2, 2012. 03:03 PM | 5 Likes Like |Link to Comment
  • Is The Dollar Weak Or Strong? [View article]
    "Is The Dollar Weak Or Strong"
    it is strong but since it is a crowded trade among commercials, it moves slowly. Hold on to it and be patient.
    Jan 2, 2012. 11:57 AM | Likes Like |Link to Comment
  • Why I Am Short Gold Futures [View article]
    Stop at 1920 is too high. Right now 1600 is a good stop.
    Jan 1, 2012. 12:00 PM | 1 Like Like |Link to Comment