Comment on GDX Stop Raised to $47.25 by ed
I’ve really enjoyed reading this blog! Do you have an approximate timeframe as to when gold will go into the next daily cycle low? TIA:)
View ArticleComment on GDX Stop Raised to $47.25 by moneybytrading
Well, gold is 15 days into its daily cycle, and gold’s daily cycle, from bottom to bottom, runs 18-28 days. So it could spend anywhere from 3 to 13 days working down into its daily cycle low and be...
View ArticleComment on Gold Makes Swing High by Walter
Thought about making a trade before Bernanke speaks but at this point it’s just gambling. You never know which way Helicopter Ben will turn.
View ArticleComment on Stand Pat, Don’t Chase Here by pimaCanyon
caution makes sense here, I agree. However, some cycle analysts use a “triangle rule” to call an Intermediate Term low at the last low of the triangle which, in the case of a symmetrical triangle is...
View ArticleComment on Stand Pat, Don’t Chase Here by moneybytrading
Pima, Yes, I’ve read about that, but I have to say I need to study triangles more. I respect the point. If we just keep rolling higher, I will profit from it, but if we get slammed between now and...
View ArticleComment on Stand Pat, Don’t Chase Here by Dmitri Visokov
I have a $20.000,00 in cash, what would you invest in if you were me, newbie, for the next 5-10 years? Gold, silver, metal ETF’s or farm ETF’s, real farmland in Eastern Europe? Can I please hear your...
View ArticleComment on Stand Pat, Don’t Chase Here by moneybytrading
Thanks for reading. Please know that I cannot give personally tailored financial advice. I plan to be largely invested in precious metals until a 1:1 DJIA:Gold ratio, which I am guessing happens around...
View ArticleComment on Another Interpretation on Gold by pimaCanyon
As you said here, the dollar is key and it’s due for an ICL This fact alone would shift the “gold in a new ICL” scenario to low probability. It’s going to be an interesting week!
View ArticleComment on The Rest of the Week by Ron
Just discovered your blog and really appreciate your reasoned, well considered opinion to tame my enthusiasm and provide some guidance. Thankyou for your generosity is sharing your wisdom.
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Comment on The Rest of the Week by moneybytrading
My pleasure, Ron. I’m glad I’m giving you value. Best way to thank me is to tell your closest trading buddies to subscribe.
View ArticleComment on Sold 1/3 of Gold Position by Scott Pluschau
Intuition is a good thing, not following your trade plan because of emotion or P&L is the bad thing in this business. In my opinion of course. Thanks for the posting on your blog roll, I appreciate...
View ArticleComment on Sold 1/3 of Gold Position by moneybytrading
Scott, Good to see you here. Had gold started correcting before this morning I would not have trimmed. This could be a replay of Jackson Hole Friday, where gold seemed to tank at first but recovered in...
View ArticleComment on Sold 1/3 of Gold Position by Scott Pluschau
There was a warning shot across the bow at 11:10am CST on the 5 min chart, which seemed as if someone had an agenda to scare some buyers prior to the announcement, and it was a blast off for those who...
View ArticleComment on Adding Gold Before Close by pimaCanyon
Good luck! Odds have definitely increased that the August 15 low was an ICL. Some might say the late July low should be used. In either case, we’re early in the IC, so a good time to buy. However,...
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Comment on Sold 1/3 of Gold Position by moneybytrading
So in a sense it was a repeat of Jackson Hole Friday: Gold dips first in a fake-out (albeit not as severely this time) and then rockets. Well, technically I was correct that we’d go lower before we...
View ArticleComment on Adding Gold Before Close by moneybytrading
I’m mulling the daily cycle over, Pima. I’m loathe to chase as much as the next guy, but I personally am OK with taking a drawdown tomorrow. That’s mostly because even at 100% I’m not leveraged. As the...
View ArticleComment on Sold 1/3 of Gold Position by Scott Pluschau
I wasnt buying in the 1720′s either… Beware hindsight bias. Scott
View ArticleComment on Sold 1/3 of Gold Position by moneybytrading
Absolutely. My crystal ball was malfunctioning at the time. ; )
View ArticleComment on The Fed Day Action by Auenland (@Auenland1)
Thanks for your blog. Very appreciated.
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