There ain't nothing better than a stink breath super guru taking credit for a crash in gold that he "called" roflmaooooo
He was a mega gold Bull just a week ago, saying it was overdone and ready to bounce. I'm sure he got destroyed on that and took his sheep with him to the slaughter.
We had NEM 38 puts in the newsletter in at .95 in early March and out today for half at 3.90 and holding the rest with a 1.50 stop. We've been bearish on gold and silver for weeks now.
Oh and by the way, yeah I mentioned a winner, but we have losers in the newsletter too. That's the REAL way the market works, not fantasy land with fake win rates, and hedge fund blow ups.
Aren't you sick of paying for a super guru's mansion, exotic cars, planes and deluxe sushi dinners?
The newsletter is going to be launching at $497 a YEAR, not a month like some of these thieves charge.
Right now, its free, and you can check it out without even having to sign up at http://stockmarkettrendsx.com/newsletter
Stop being robbed by duplicitous scumbags.
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Showing posts with label Gold. Show all posts
Showing posts with label Gold. Show all posts
Monday, April 15, 2013
Sunday, April 14, 2013
Great Article on Gold by Mike Swanson
Here's a fantastic article by Mike Swanson of Wall Street Window that I tihnk you would enjoy reagrding gold.
Give me your feedback!
http://wallstreetwindow.com/node/8077
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Give me your feedback!
http://wallstreetwindow.com/node/8077
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Monday, August 22, 2011
Gold trading over 1900
Gold has become parabolic here, and is due for a correction. Stepping in front of this freight train is not a prudent business plan, but watching for a reversal candle and a momentum divergence could set up a nice trade.
It may or may not get to $2000, but its stretched enough here to start watching for a signal. Stay patient, but alert, as an opportunity for a quick move to the downside could come sooner than later.
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It may or may not get to $2000, but its stretched enough here to start watching for a signal. Stay patient, but alert, as an opportunity for a quick move to the downside could come sooner than later.
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Thursday, April 28, 2011
Gold and Silver
New highs may be work done, but way too early to try and lean on the short side.
Notice the action up here, the mini rotatiton is a sign of lack of buying commitment. of course, with the way gold and silver have been trading, that may just be temporary.
I haven't changed my tune on gold and silver. I'm still stalking a spot for a correction to start from.
Michael tiny Saul
tinymjs at gmail dot com
Notice the action up here, the mini rotatiton is a sign of lack of buying commitment. of course, with the way gold and silver have been trading, that may just be temporary.
I haven't changed my tune on gold and silver. I'm still stalking a spot for a correction to start from.
Michael tiny Saul
tinymjs at gmail dot com
Wednesday, April 27, 2011
OK, I'm saying it!
Contrary to popular sentiment, I'm going to be watching If gold and silver get to new highs. I will then be watching for a short side entry within a few days of hitting those new highs.
I wont be fading a certain level, but I feel that new highs may be one last gasp before a nice size correction.
I'm not a trend fader by any means, and I certainly wouldn't step in front of a runaway train, but new highs with divergences and a nice reversal pattern could be a good risk reward scenario.
The "we are buying $3 over spot for silver and $38 for gold" ads I've been seeing are just more signs that sentiment is leaning way too far in one way. Add in some key cycle dates, and the ingredients of a reversal are there. Of course, my sister in law tried to make cream puffs last Sunday, and they came out atrocious (sorry!), so just the ingredients themselves does not make a cream puff, or a reversal. In other words, who cares what my opinion is, what the cycle dates are, or how big the bullish sentiment is. Wait for a signal and use proper size and stops!
All the best in your precious metals collecting!
Michael tiny Saul
tinymjs at gmail dot com
I wont be fading a certain level, but I feel that new highs may be one last gasp before a nice size correction.
I'm not a trend fader by any means, and I certainly wouldn't step in front of a runaway train, but new highs with divergences and a nice reversal pattern could be a good risk reward scenario.
The "we are buying $3 over spot for silver and $38 for gold" ads I've been seeing are just more signs that sentiment is leaning way too far in one way. Add in some key cycle dates, and the ingredients of a reversal are there. Of course, my sister in law tried to make cream puffs last Sunday, and they came out atrocious (sorry!), so just the ingredients themselves does not make a cream puff, or a reversal. In other words, who cares what my opinion is, what the cycle dates are, or how big the bullish sentiment is. Wait for a signal and use proper size and stops!
All the best in your precious metals collecting!
Michael tiny Saul
tinymjs at gmail dot com
Saturday, January 29, 2011
An article from Paul Schatz
Paul is a top notch analyst, money manager and friend. All opinions expressed in his articles are his, and do not reflect any recommendations to buy or sell securities, options, currencies, futures or any other financial instrument not specifically mentioned.
Gold Ready for Another Run
As I mentioned in my 2011 forecast, after two fantastic years for gold, I expect 2011to be more of a digestion or consolidation year with a wide and very volatile trading range. I believe we will see $1500 at some point as well as a $100 down day during the year. When all is said and done, I think gold is going to finish 2011 with modest gains, best case scenario.
Several people have questioned why I don’t think gold has seen its bull market peak yet. As I mentioned in last week’s edition, commodities tend to see inverted “V” tops and long rounded bottoms. That’s exactly the opposite of the behavior we usually see in stocks. As a particular commodity gains steam and acceptance, it usually melts up in parabolic fashion.
The chart below shows where gold is today. IF the rally was terminal, it would have blown off to the upside (straight up) and then begin to go straight down. We’re not seeing that right now. It’s a sideways (trading range) that should eventually resolve itself to the upside.
On the far right of the chart below and the next one, you can see the two possible scenarios for gold in the short-term. I think the shiny metal either continues lower into February towards $1300 and then rallies. Or, we see a quick rally now and then another selloff next month before rallying. Either way, I believe the ultimate resolution to this range is a move back to the upper end.
I want to go back to offer examples of how gold behaves near peaks as I discussed above. Before the last rally you can see in the chart above, gold looked a lot like it does right now.
And before that, below, you can see another example of how digestion and consolidation led to another major rally.
Don’t get me wrong. This is not infallible, but it does have some solid support behind it. The hardest part is judging what’s going on in real time, not hindsight. Many times, the initial top looks like an inverted “V”, but never gets going to the downside or stops going down and begins to enter the digestion.
Case in point on the chart above was the peak you see on the far left side that has the makings of an inverted “V”. I remember turning negative on gold around $990 as I thought a major top was forming. Several months later after the bears tried and tried to make headway without success, the pattern certainly had changed to that of digestion and consolidation and I slowly went to neutral and then positive.
FYI, I will be on CNBC's The Call on February 1 at 11:05am.
Feel free to email me with any questions or comments at Paul@investfortomorrow.com or follow me on Facebook at www.facebook.com/heritagecapital and on Twitter at Paul_Schatz.
Until next time…
Paul Schatz
Heritage Capital LLC
http://www.InvestForTomorrow.com
http://RetirementPlanningConnecticut.com/
Gold Ready for Another Run
As I mentioned in my 2011 forecast, after two fantastic years for gold, I expect 2011to be more of a digestion or consolidation year with a wide and very volatile trading range. I believe we will see $1500 at some point as well as a $100 down day during the year. When all is said and done, I think gold is going to finish 2011 with modest gains, best case scenario.
Several people have questioned why I don’t think gold has seen its bull market peak yet. As I mentioned in last week’s edition, commodities tend to see inverted “V” tops and long rounded bottoms. That’s exactly the opposite of the behavior we usually see in stocks. As a particular commodity gains steam and acceptance, it usually melts up in parabolic fashion.
The chart below shows where gold is today. IF the rally was terminal, it would have blown off to the upside (straight up) and then begin to go straight down. We’re not seeing that right now. It’s a sideways (trading range) that should eventually resolve itself to the upside.
On the far right of the chart below and the next one, you can see the two possible scenarios for gold in the short-term. I think the shiny metal either continues lower into February towards $1300 and then rallies. Or, we see a quick rally now and then another selloff next month before rallying. Either way, I believe the ultimate resolution to this range is a move back to the upper end.
I want to go back to offer examples of how gold behaves near peaks as I discussed above. Before the last rally you can see in the chart above, gold looked a lot like it does right now.
And before that, below, you can see another example of how digestion and consolidation led to another major rally.
Don’t get me wrong. This is not infallible, but it does have some solid support behind it. The hardest part is judging what’s going on in real time, not hindsight. Many times, the initial top looks like an inverted “V”, but never gets going to the downside or stops going down and begins to enter the digestion.
Case in point on the chart above was the peak you see on the far left side that has the makings of an inverted “V”. I remember turning negative on gold around $990 as I thought a major top was forming. Several months later after the bears tried and tried to make headway without success, the pattern certainly had changed to that of digestion and consolidation and I slowly went to neutral and then positive.
FYI, I will be on CNBC's The Call on February 1 at 11:05am.
Feel free to email me with any questions or comments at Paul@investfortomorrow.com or follow me on Facebook at www.facebook.com/heritagecapital and on Twitter at Paul_Schatz.
Until next time…
Paul Schatz
Heritage Capital LLC
http://www.InvestForTomorrow.com
http://RetirementPlanningConnecticut.com/
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