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Market Sentiment shifting

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8 months 2 weeks ago #118647 by RonS
RonS replied the topic: Market Sentiment shifting
Thanks Keith, it pretty well went straight up to $1380 so a pause or rest in order, be interesting to see if it holds above $1260 area

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8 months 3 weeks ago #118600 by Keith
Keith replied the topic: Market Sentiment shifting
Nice call on Gold Ron, looks like $1300 on the horizon

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8 months 3 weeks ago #118582 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
Good interview from July 19th

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8 months 3 weeks ago #118581 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
gold moving up to $1280, nice call Ron

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8 months 3 weeks ago #118566 by RonS
RonS replied the topic: Market Sentiment shifting
Fred Hickey of High Tech Strategist use to focus on tech stocks, a few years ago from what I seen he broadened his scope to cover precious metals. As of July this year sounds like he is shorting the techs and buying the Gold stocks

This months newsletter says 'He loves the Fang Stocks" but he does not mean Bubble Fang that are overloved, over-owned so over priced but Golden Fang

F Franco Nevada
A Agnico Eagle
N New Gold
G Goldcorp

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9 months 5 days ago #118455 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Nice chart up on Gold at chart of the Day, bottom is in!!

www.playstocks.net/index.php/market-trends/chart-of-the-day

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9 months 1 week ago #118437 by JunglistGuy
JunglistGuy replied the topic: Market Sentiment shifting
Ron nice work on Gold. Thanks, You were right on predicting a bottom was coming in Gold, today's pop probably means a new rally has begun

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9 months 1 week ago #118402 by Gambler
Gambler replied the topic: Market Sentiment shifting
Looks like they whacked Gold to a new low between 2 am and 3 am this morning, down to $1204 but was a useless attempt now up to $1214

Interesting plug by Rickards on June 26th flash crash

dailyreckoning.com/tale-two-gold-markets/

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9 months 2 weeks ago #118380 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Looks like there will be more paper Gold created in London

The London Metal Exchange (LME) and World Gold Council have just confirmed that their new suite of London-based exchange-traded gold and silver futures contracts will begin trading on Monday. These futures contracts are collectively known as LMEprecious.

These LMEprecious gold futures and silver futures contracts represent unallocated gold and silver and there is no direct connection in the contracts to physical gold or physical silver, since settlement is via unallocated gold and silver balance transfers across LME Clearing unallocated metal accounts at member banks of London Precious Metals Clearing Limited (LPMCL).

www.bullionstar.com/blogs/ronan-manly/bu...gold-silver-futures/

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9 months 2 weeks ago #118368 by RonS
RonS replied the topic: Market Sentiment shifting
Gold knocked down in thin trading in wee hours after US holiday hammer shows at 7am
lets see how stop/losses react this morning
Attachments:

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9 months 2 weeks ago #118363 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
Weekly Commentary
Time to be buying at the bottom

A number of the individual company charts are showing signs of having exhausted their downtrends, for the time being at least. They have started to move sideways through the trendlines of immediate downtrends, which could be the start of a turnaround. A number of gold producers have completed their correction patterns (short term downtrends) and recaptured longer term uptrends. This is an early buy signal that augurs well for the next few months provided that the gold price itself does not collapse. The first two weeks of July are often quiet with school holidays taking players away from the market, but
volumes should pick up in the back half of July.

www.fareastcapital.com.au/imagesDB/newsl...lyComm30June2017.pdf

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9 months 2 weeks ago - 9 months 2 weeks ago #118356 by RonS
RonS replied the topic: Market Sentiment shifting
Good time for monthly US$ chart, you can see the $ has dropped 4 months in a row and the expected sideways trading was giving way to a significant correction. Sideways trading would not surprise me and put in a right shoulder to the topping pattern. A drop below that 93 area would be very negative for the dollar.

More likely a bounce up to test 100 again, before a more significant correction

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Last Edit: 9 months 2 weeks ago by RonS.

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