Gold pops on FOMC, will drop later

2nd_Hand_Gold_Man said:
flip a coin(same odds)
leon1998 said:
My system has showed a stunning signal:

Gold price might drop below 1,300 usd/oz on next Monday.

Well, let's see :rolleyes:
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Click to expand...

I first thought Leon was just stupid, now i see he's just a troll. Don't feed the troll.
 
i agree no more feeding Leon from this keyboard......................^^^ who,s leon^^^^ :lol:
leo25 said:
2nd_Hand_Gold_Man said:
flip a coin(same odds)
leon1998 said:
My system has showed a stunning signal:

Gold price might drop below 1,300 usd/oz on next Monday.

Well, let's see :rolleyes:
Click to expand...
Click to expand...

I first thought Leon was just stupid, now i see he's just a troll. Don't feed the troll.
Click to expand...
 
leon1998 said:
My system has showed a stunning signal:

Gold price might drop below 1,300 usd/oz on next Monday.

Well, let's see :rolleyes:
Click to expand...

What system ?
care to show the technical analysis behind the price prediction ?
 
masmas said:
leon1998 said:
My system has showed a stunning signal:

Gold price might drop below 1,300 usd/oz on next Monday.

Well, let's see :rolleyes:
Click to expand...

What system ?
care to show the technical analysis behind the price prediction ?
Click to expand...

I believe his is based on COT analysis.
 
masmas said:
Silverpv said:
I believe his is based on COT analysis.
Click to expand...

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

:o ??
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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.
 
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
 
leon1998 said:
Looks like my system has one day delay, :rolleyes:

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

leon1998 said:
Gold is dropping ... 1,313 USD/oz now

13 more $ to go :lol:
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Click to expand...

Leon,

So ow do you predict Gold price by the end of this year ? :o
 
leon1998 said:
where are those gold bugs?

Silent night, holy night ---------------------------------------------------
Click to expand...

Holding physical tightly.


"O Come all ye faithful"

:lol:
 
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
 
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
 
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