Gold pops on FOMC, will drop later

Discussion in 'Gold' started by leon1998, Sep 21, 2016.

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  1. leo25

    leo25 Well-Known Member Silver Stacker

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    I first thought Leon was just stupid, now i see he's just a troll. Don't feed the troll.
     
    leo25, Oct 2, 2016
    #41
  2. 2nd_Hand_Gold_Man

    2nd_Hand_Gold_Man Member

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    i agree no more feeding Leon from this keyboard......................^^^ who,s leon^^^^ :lol:
     
    2nd_Hand_Gold_Man, Oct 3, 2016
    #42
  3. leon1998

    leon1998 Member

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    Gold is dropping ... 1,313 USD/oz now

    13 more $ to go :lol:
     
    leon1998, Oct 3, 2016
    #43
  4. masmas

    masmas New Member

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    What system ?
    care to show the technical analysis behind the price prediction ?
     
    masmas, Oct 4, 2016
    #44
  5. Silverpv

    Silverpv New Member

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    I believe his is based on COT analysis.
     
    Silverpv, Oct 4, 2016
    #45
  6. masmas

    masmas New Member

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    Hm.. Cot analysis from Google search returns DNA testing method ?

    Technique for measuring the complexity (size) of DNA or genome. The technique was developed by Roy Britten and Eric Davidson in 1960
    http://www.mgel.msstate.edu/pdf/cot.pdf

    :eek: ??
     
    masmas, Oct 4, 2016
    #46
  7. Silverpv

    Silverpv New Member

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    COT reports sorry.

    EDIT: btw, i'm just guessing. He's mentioned them in the past but usually he's not to forthcoming.
     
    Silverpv, Oct 4, 2016
    #47
  8. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Try here :-

    http://www.barchart.com/futures/cot.php#2

    leon refers to the "Swap Dealers" in green on the bottom of chart showing net long or short position. He believes the Swap Dealers represents the bankster insiders trading position.

    I myself am skeptical but it *is* something I check on now and then. leon isn't *always* wrong. :p
     
    BuggedOut, Oct 4, 2016
    #48
  9. leon1998

    leon1998 Member

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    Looks like my system has one day delay, :rolleyes:

    Gold price is 1,299 USD/oz as I am typing now. ;p

     
    leon1998, Oct 4, 2016
    #49
  10. masmas

    masmas New Member

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    Leon,

    So ow do you predict Gold price by the end of this year ? :eek:
     
    masmas, Oct 4, 2016
    #50
  11. leon1998

    leon1998 Member

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    Just covered my short position GLD @122.9 :lol:

     
    leon1998, Oct 4, 2016
    #51
  12. leon1998

    leon1998 Member

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    My guess would be 1,250 USD/oz :rolleyes:

     
    leon1998, Oct 4, 2016
    #52
  13. leon1998

    leon1998 Member

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    1,289 usd/oz and it keeps dropping ... what a smackdown :p
     
    leon1998, Oct 4, 2016
    #53
  14. leon1998

    leon1998 Member

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    where are those gold bugs?

    Silent night, holy night ---------------------------------------------------
     
    leon1998, Oct 4, 2016
    #54
  15. JulieW

    JulieW Well-Known Member Silver Stacker

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    Holding physical tightly.


    "O Come all ye faithful"

    :lol:
     
    JulieW, Oct 4, 2016
    #55
  16. leon1998

    leon1998 Member

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    Damn, covered too early. Now GLD -> 122.4

    wow, 1,250 usd/oz this week? :p
     
    leon1998, Oct 4, 2016
    #56
  17. Silverpv

    Silverpv New Member

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    At this point, i'm picking up JNUG again conservatively. $12.85 open 100 shares
     
    Silverpv, Oct 4, 2016
    #57
  18. leon1998

    leon1998 Member

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    Seems to be good trade setup; gold price is right on support line now.

     
    leon1998, Oct 4, 2016
    #58
  19. leon1998

    leon1998 Member

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    But I think gold will have another leg down in this week. Reason is very simple:

    every time I covers my gold short position, price tends to slide again. :p
     
    leon1998, Oct 4, 2016
    #59
  20. leon1998

    leon1998 Member

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    The target might be around 1,260 USD/oz, which is the 200-day moving average line.

    I am afraid this Friday will be the event, US September non-farm-payroll. :p
     
    leon1998, Oct 4, 2016
    #60
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