IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE??? | |
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Anonymous Coward User ID: 69209100 Japan 05/13/2015 02:24 PM Report Abusive Post Report Copyright Violation | There it is. Hope we can make it up over $1224 and to $1240. There I will most definitely start a small short position. Quoting: Anonymous Coward 11973576 At least I was right for once. I literally felt that stubborn energy pushing this thing up, lol. Yep, hope we go as high as possible now to exhaust this for good. |
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Anonymous Coward User ID: 11973576 United States 05/14/2015 02:41 PM Report Abusive Post Report Copyright Violation | Maybe we consolidate for some days and then top by end of month. Man oh man I hope so! Quoting: Anonymous Coward 11973576 Indeed. :D May I ask where you get the $1224 and $1240 numbers from? $1224 is the top of the current bounce I suppose, but what about $1240? Just guessing? Yes, just a guess based on drawing lines. |
Anonymous Coward User ID: 11973576 United States 05/15/2015 06:43 AM Report Abusive Post Report Copyright Violation | Ok, so Armstrong fucker is saying a pop in gold is probably through the summer and then a turn back down into fall. That makes sense since his 1st set of benchmarks for the final low are late this year. So 1240 is way too low. According to him we could reach at least $1309. That ought to draw in the bulls and then...WOOOSSHHHH! Down she goes. Coming to the final moves now. |
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Anonymous Coward User ID: 69218760 Japan 05/15/2015 08:22 AM Report Abusive Post Report Copyright Violation | Ok, so Armstrong fucker is saying a pop in gold is probably through the summer and then a turn back down into fall. That makes sense since his 1st set of benchmarks for the final low are late this year. So 1240 is way too low. According to him we could reach at least $1309. That ought to draw in the bulls and then...WOOOSSHHHH! Down she goes. Quoting: Anonymous Coward 11973576 Coming to the final moves now. I hope he's wrong and it won't take until fall for the downturn to start... He can't be right about every single thing, can he? lol |
Anonymous Coward User ID: 69218760 Japan 05/15/2015 08:28 AM Report Abusive Post Report Copyright Violation | I gotta say...if gold goes above the last high I'm gonna seriously doubt we see new lows afterwards. Armstrongs timing is amazing but his price targets not so much. He was way off on the prices of the 2011 high. Timing was perfect. Quoting: Anonymous Coward 11973576 True that. At the same time I wonder where this momentum should come from to take us back up to $1300. The weekly chart doesn't really look bullish to me right now: [link to finviz.com] See that recent huge (compared to its environment) bear hammer that had no follow-through whatsoever? It screams "breakdown" to me, but what do I know... |
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Anonymous Coward User ID: 11973576 United States 05/16/2015 07:42 AM Report Abusive Post Report Copyright Violation | Here you go. Take a look at the last chart (#8) and it shows how we can make it up to the $1309 area and still be within the downtrend. I like Ike. He is one subscription I pay for and its cheap. $200 yr. I signed up through Swanson and got a 50% discount. I do not think we will make it out of the downtrend before we roll over again. wallstreetwindow.com/node/11605 |
Anonymous Coward User ID: 69246444 Japan 05/16/2015 09:04 PM Report Abusive Post Report Copyright Violation | Here you go. Take a look at the last chart (#8) and it shows how we can make it up to the $1309 area and still be within the downtrend. Quoting: Anonymous Coward 11973576 I like Ike. He is one subscription I pay for and its cheap. $200 yr. I signed up through Swanson and got a 50% discount. I do not think we will make it out of the downtrend before we roll over again. wallstreetwindow.com/node/11605 Thanks, very interesting. So he is essentially saying the same as you and Armstrong, i.e. that the Dollar will rocket higher than 100. That would imply that we might find the bottom in gold simultaneously. |
Anonymous Coward User ID: 69246444 Japan 05/16/2015 09:52 PM Report Abusive Post Report Copyright Violation | One reason I still think we go to at least $1000 is that we still haven't seen any real washout. We had the brief crash in 2013 but ever since we have just been consolidating and the stubborn bulls have survived. Is this really how this bear market could end? Maybe, but it doesn't seem likely to me. And from a chart perspective this move down really just looks incomplete. Something is missing, the second crash that completes all of this. And regarding the Dollar, the thing just blew straight up since mid last year and after such strength that should have been it and we just move the same way back down? Makes no sense, especially because most people have already called the top. The suffering is not done for the Euro either, that would just be too good to be true. So I will go with Armstrong's theory and say that we start to move back towards parity (beyond 100 in the Dollar) in the next few weeks. It's actually good we have dropped so much in such a short time (from 100 to 93 in just 4 weeks), so we can hopefully move on towards our targets in short order. |
Anonymous Coward User ID: 69246444 Japan 05/16/2015 10:14 PM Report Abusive Post Report Copyright Violation | Btw, what's interesting is that the Dollar daily chart immediately reminds me of the Gold weekly chart since the 2011 top: [link to finviz.com] The entire pattern looks very similar and if you take this analogy it seems we just had the (much briefer) consolidation after the initial crash and will now move further to the final low (around 91-92 according to Ike) where we then start to move back up. |
Anonymous Coward User ID: 11973576 United States 05/17/2015 03:46 PM Report Abusive Post Report Copyright Violation | Btw, what's interesting is that the Dollar daily chart immediately reminds me of the Gold weekly chart since the 2011 top: [link to finviz.com] Quoting: Anonymous Coward 69246444 The entire pattern looks very similar and if you take this analogy it seems we just had the (much briefer) consolidation after the initial crash and will now move further to the final low (around 91-92 according to Ike) where we then start to move back up. I was thinking the same. It will be very interesting if gold rises with the dollar and goes above $1239. Apparently my rough drawing of the lines was very close to the breakout or breakdown point! ($1240) Really changes my plans though. I prefer to see us go all the way to $1309 and then breakdown hard. We could still breakdown and go sideways until June and THEN the rally to $1309 could start. |
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