I added some longs today (Au and Ag) and bought a little phiz too I think we turn around here - my bets are placed anyway, rightly or wrongly
[imgz=http://forums.silverstackers.com/uploads/6806_pog201212.jpg][/imgz] Price of gold since Feb '09. The blue line is the primary support trend line. The dark yellow line is the 200-day moving average. There is strong price support at their convergence. If we break support the next target is $1630.
Well that worked out well now to pick a sell point I think 1630 it is if it breaks 1630... watch out below. Still got Friday to negotiate quad witching or something
Tried and failed on this occasion Once again, as we've seen since late Dec 2012, big buyers waiting for the market to come to them with orders just below 1650 Bears will have to try again...
Tried to google an update of this Hulbert Gold Sentiment but couldn't find one. Got an update? Must be about rock bottom now!
That charts above must be in USD. The AUD prices were considerably different. How much of the chart is gold price movement and how much is USD movement ?
That Oct high is looking more and more like a lower high. If it busts below 1530, then real trouble. My shorts are locked and loaded, cause if this happens I think the extent of the fall will surprise.
My long term position is bullish in both gold and silver And all the fundermentals are there to push both metals Sky high.....but when? In a world where every market can be manipulated includin Gold and Silver this is a real concern. With banks now buying at the volumes they are it is in the banks interests to have low....low prices. The puppet masters are pulling the strings and I think can and will Get gold and silver lower.....but how low? Selling in this market is risky as prices could soar at any moment I think I will just hold what I have and let the dust settle after all Those figures don't mean a thing unless we sell at those figures. Those of you with fiat cash money to buy more make the most Of the market manipulation and buy at a rate you are happy With and be prepared to wait for the spike up which could happen Anytime in the next three years. Good luck and don't loose heart Ride that Bull to the end and reap the rewards....
Great insights into the current structure of the market http://kingworldnews.com/kingworldn...ew_Maguire_files/Andrew Maguire 2:24:2013.mp3
Gold Futures The third to last business day of each delivery month is the last trading day (LTD). Gold Options The fourth business day prior to the first calendar day of the corresponding Gold futures delivery month.
