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  • Gold Makes New Bear Market Lows [View article]
    Thanks for the link, Swing. Always appreciated.
    Jul 27, 2015. 10:41 AM | 1 Like Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    Yes. Physical.
    Jul 26, 2015. 11:07 AM | Likes Like |Link to Comment
  • I See $2 A Gallon Gasoline This Summer [View article]

    If you throw in a comment or few about USO or OIL, or any of the other energy, oil, natty, or coal ETF's you would fare better with the editorial staff.

    Having said that, I am glad you posted your latest ideas here.

    I have to admit that I enjoyed the shorting of WTI from last summer into early spring and although I use more technical than news or undies, I enjoy your writings.
    Jul 19, 2015. 11:38 AM | Likes Like |Link to Comment
  • Gold Bulls Are On Borrowed Time [View article]

    I think I read that Puerto Rico stepped up and paid the bills that were due yesterday.

    Anyone curious about the Shanghai Composite and what it did this past month?
    Jul 2, 2015. 09:52 AM | Likes Like |Link to Comment
  • Gold Bulls Are On Borrowed Time [View article]
    The referendum is written to be very confusing to the voter. The less the average person understands something, the greater the likelihood he/she will vote negatively.
    Jul 2, 2015. 09:45 AM | Likes Like |Link to Comment
  • Gold Is Heading Lower [View article]
    Ha ha ha just showing my age............... :^)
    Jun 19, 2015. 02:29 PM | Likes Like |Link to Comment
  • Gold Is Heading Lower [View article]
    Where are all you Deadheads?

    Ship of Fools ....... The Dead
    Jun 19, 2015. 11:02 AM | Likes Like |Link to Comment
  • Medical Insurance Premium Shock Set To Continue Crushing Retail Sales Into 2016 [View article]
    Couldn't agree more.

    Health care and insurance are two different things. Instead of fixing a failing system, we have been mandated to just pour more money into it. It is not fixing anything. The US is #1 in health care costs and #38 in quality. That says something.

    The fix is in making CARE costs more realistic. Instead of endeavoring to fix a ship full of holes, now everyone is required to buy a ticket and climb aboard this leaking tub!

    But when the Pharma/hospital/med professional lobby is the most active up on the Hill, PAC's, and campaign contributions, and the insurance lobby is also in the top 5, you can see it is an uphill battle for the health consumer.

    This swan is sure starting to look like its turning black........
    May 27, 2015. 09:53 AM | 3 Likes Like |Link to Comment
  • Crude prices continue climb higher [View news story]
    Dave makes an excellent point. With wave 4's being hard to predict as far as duration goes, and the inherent decay of the leverages ETF's (not sure how you are shorting), your money is decaying even of oil goes flat for a while.

    When I trade, I wait until a trend is in motion. For example if I suspect a wave 1, I will dip just about a third of a position, but go in the remaining 2/3 when we enter wave 3. Then pull 3/4 when I think wave 3 has topped (bottomed if shorting), and the rest in wave 5. Why so much at the top (bottom) of 3? Because 4 can drag on, and if it is a leveraged product I am trading, much of my profits can just go away if I hold the full position through wave 4.

    This will be a worthy short soon, but I will wait to re-enter when I see that impulsive wave down.
    May 6, 2015. 12:06 PM | 1 Like Like |Link to Comment
  • Crude prices continue climb higher [View news story]

    Right now WTI is in wave 5 of c of 4. I can be a few bucks off, mainly because in commodities, it is not uncommon for a wave 5 to extend beyond the expected Fibonacci value. Also, take note, as wave 4's can go on and on and on and on ....... as we are seeing in gold. But this one looks pretty clean to me.

    If wave 5 of c of 4 does not extend, I see it reversing around 64 and going to $40/barrel. If wave 5 of c of 4 extends, the final (larger) wave 5 could breech $40.

    With any type of analysis I like to give myself a +/-4% error. Others are much more accurate, but at this level 4% can mean around 2 bucks.....

    For more in depth information on Elliott Wave analysis, you can find many websites on the internet that will give you a "Cliff Notes" type of explanation. However if you are really interested in EW, get "Elliott Wave Principles" by Frost and Prechter. The first couple of chapters will define what EW is, how to view on charts and count, as well as the most common formations and how to identify them.

    Volume: If you look at the chart for USO, the volume has been declining ever since the middle of March, when USO started its recent upturn.

    MACD: As far as MACD goes, I have been seeing a pattern reversal recently, showing negative divergence (price tops going higher while MACD highs are moving lower).

    All that aside, we are at record high supplies, the Saudis keep pumping, etc. So logic would back up a move lower as well.

    I hope this is what you were asking for.

    There are people here much smarter than I am, who also have their "pet data points". Don't discount them either. Good luck with your trading.
    May 6, 2015. 11:35 AM | 1 Like Like |Link to Comment
  • Crude prices continue climb higher [View news story]
    From an Elliott Wave standpoint, I can see oil going to $64 and some change, then falling back to new lows. Also watch volume and MACD. I do my own calculations by hand. But if you look online there are others who offer charts using Elliott Wave. I can say that EW can be very successful especially in commodities.

    Good trading, everyone.
    May 6, 2015. 09:40 AM | Likes Like |Link to Comment
  • Whipsawed Gold Is Now 'Data Dependent' [View article]

    For me, personally, I do not believe all the newsy stuff, COT reports, or fundamentals affect the price of gold (but I am not a day trader). I go for the technicals only. I can tell a lot of work goes into your articles, so I greatly commend you for all you do here and look forward to your articles as well as everyone elses input. Many thanks to all and happy trading.
    May 4, 2015. 09:59 AM | Likes Like |Link to Comment
  • Don't Buy Gold Now, Wait Until It's Under $1,000 [View article]

    He copy/pastes his articles into a number of authors he follows. This is not the first time I have seen this missive today........... I suspect because I am early in my readings, I will see it again within the next half hour. Seems like when you post a comment, James, I get to see it under four different authors articles.

    You might as well as make some nickels on your thoughts. Why not just post these as your own articles rather than as comments to others articles?
    Apr 15, 2015. 10:36 AM | 2 Likes Like |Link to Comment
  • BAML: Dollar bull trade world's most crowded [View news story]
    Is the dollar bull trade statistically the most crowded as the title suggests, or do the surveyed people just think it is the most crowded?
    Apr 14, 2015. 10:12 AM | 1 Like Like |Link to Comment
  • I See $2 A Gallon Gasoline This Summer [View article]
    I like the way you write. Very clear and easy to understand.

    I don't notice much mileage difference. But then again I rarely go anywhere in winter! I don't do mileage observations when doing short trips - doesn't do it justice. No matter what, mileage will be poor if only going a couple of miles.

    Thanks for the explanation.
    Apr 13, 2015. 09:55 AM | Likes Like |Link to Comment