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Gold Futures /GC ready for another move up? February 17, 2012 - Page 6

post #101 of 127
6/1/12 at 1:29pm
Quote:
Originally Posted by cactus View Post

Hope no more than a few of you where caught short...am glad I took advantage of the buying op this last correction presented Hope others did as well....Me thinks we ride higher from here.........much higher.......GLTA!!!

 with the holiday and such it took a couple days longer to hit......but a lot of happy campers today!!.......................GLTA!!!

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post #102 of 127
6/6/12 at 12:35am

 Next step is to break out of that 1629 - 1631 range....Im thinkin we will......Sold off almost all my stock holdings these past few days,,,,,,they were starting to smell a lil fishy ..........GLTA!!!

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post #103 of 127
6/6/12 at 9:28am

if gold (/gc) takes out 1645, I would consider that a breakout and would be looking for 1685-1700 shortly thereafter

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post #104 of 127
6/6/12 at 12:06pm

This break past 1630 is pretty telling ....Im a buyer here as well...........GLTA!!!

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post #105 of 127
6/6/12 at 1:21pm
Quote:
Originally Posted by cactus View Post

This break past 1630 is pretty telling ....Im a buyer here as well...........GLTA!!!

Definitely agree, that balance area 1610-1630 was a real proving ground. They tried juicing it through 1630, took a few tries. Now we might get back into 1610s if we get bad Fed speak today, but I expect it to move up soon. It is making the challenge of closing over 1560-1590 area look like child's play!
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post #106 of 127
6/6/12 at 2:03pm
Quote:
Originally Posted by rando View Post


Definitely agree, that balance area 1610-1630 was a real proving ground. They tried juicing it through 1630, took a few tries. Now we might get back into 1610s if we get bad Fed speak today, but I expect it to move up soon. It is making the challenge of closing over 1560-1590 area look like child's play!

 Would have to be surprised if Heli Bens biege book doesnt say something to damper the move for awhile......but as you say......^ soon................................GLTA!!!


Edited by cactus - 6/6/12 at 2:22pm
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post #107 of 127
6/10/12 at 7:04pm

Ok...now that Ben has done his part to drop the yellow,,,,,,,,,,,,,,,,,,I see a nice bounce when the comex opens.................GLTA!!!

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post #108 of 127
6/12/12 at 3:28am
Quote:
Originally Posted by cactus View Post

Ok...now that Ben has done his part to drop the yellow,,,,,,,,,,,,,,,,,,I see a nice bounce when the comex opens.................GLTA!!!

 

 

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post #109 of 127
6/12/12 at 11:18pm
Quote:
Originally Posted by cactus View Post

 Would have to be surprised if Heli Bens biege book doesnt say something to damper the move for awhile......but as you say......^ soon................................GLTA!!!

 

Here we go???........I am thinking so!!....................tomorrow will be very telling...........................GLTA!!!

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post #110 of 127
6/18/12 at 7:46pm

I think we have the bottom in already........I am buying more physical every day. Could take a few sessions to take out 1635 but Im thinking we will and take a nice ride up afterwards............................GLTA!!!

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post #111 of 127
6/18/12 at 8:00pm

so you think the fomc on the 20th will be bullish for gold?

Quote:
Originally Posted by cactus View Post

I think we have the bottom in already........I am buying more physical every day. Could take a few sessions to take out 1635 but Im thinking we will and take a nice ride up afterwards............................GLTA!!!

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post #112 of 127
6/18/12 at 9:38pm
Quote:
Originally Posted by charulz View Post

so you think the fomc on the 20th will be bullish for gold?

 Not so sure it will be bullish,  but I think the chances for a more 'non event' are greater.........There is a somewhat larger gathering of peeps that believe they(FOMC types) may tip their hand as to more easing of somekind.......I kinda think they are more likely to harp on Congress to do more as Ben did last week....

my bet is they say they will remain ready to help if need be but right now they need some help from other avenues.................my 2 pennies.......

 

I also believe that peeps are just not satisfied with a whole lot of nothing going on to save the economic world so to speak.....They will start buying into the yellow once again to save what they have..........................GLTA!!!

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post #113 of 127
6/19/12 at 4:56pm

http://www.indexuniverse.com/sections/blog/9706-why-gld-and-gdx-are-completely-unrelated.html

 

trading GLD vs GDX - yes there's a difference.

 

posting this b/c i caught a nice play with /GC  premarket & w/ the optimal play for me trading GLD puts... except i bought puts for GDX instead which did not perform at all the way i expected it to perform. GLD had the nice sell off i was expecting. GDX flatlined and just made me pissed off beyond all reason.

 

hppefully to those who dont know, now u know there's a difference.

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post #114 of 127
6/21/12 at 8:49am

/gc 1530's?

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post #115 of 127
6/21/12 at 5:24pm

Wow...............what a ride ....not just for commodities, and metals but dang near everything...lol.......Looking for a big bounce north in the yellow when it gets closer to 1540ish.......still quite confident in the overall bull market for gold...maybe even more so after todays news.(downgrades,downturns. etc.) side note...glad i aint in copper...lol...............................GLTA!!!


Edited by cactus - 6/21/12 at 9:54pm
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post #116 of 127
6/21/12 at 5:39pm

u buy more on this dip?

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post #117 of 127
6/25/12 at 12:32pm
Quote:
Originally Posted by cactus View Post

Wow...............what a ride ....not just for commodities, and metals but dang near everything...lol.......Looking for a big bounce north in the yellow when it gets closer to 1540ish.......still quite confident in the overall bull market for gold...maybe even more so after todays news.(downgrades,downturns. etc.) side note...glad i aint in copper...lol...............................GLTA!!!

 Boong!................................GLTA!!!

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post #118 of 127
6/25/12 at 2:18pm

from your prior posts it seems like you added a bunch of gold while it was in the mid 1600's (around 1610-1630)... Currently at 1580ish.. did you average down? what is your average price?

Quote:
Originally Posted by cactus View Post

 Boong!................................GLTA!!!

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post #119 of 127
6/25/12 at 2:34pm

buy on 2% dips.. GLTA

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post #120 of 127
6/25/12 at 5:11pm
Quote:
Originally Posted by charulz View Post

from your prior posts it seems like you added a bunch of gold while it was in the mid 1600's (around 1610-1630)... Currently at 1580ish.. did you average down? what is your average price?

 charulz.....been buying for years....swapping yellow for silver...silver for gold when it seems to make since...etc..........this has been years now....I remember peeps asking me the same question back before it broke 850.....so short term, as your post suggests, just doesnt apply to my holdings.....................GLTY!!!

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