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/GC, GDX, & GLD - Discussion & Ideas

post #1 of 67
5/6/12 at 12:35pm
Thread Starter 

Need a decline in gold here to really get any kind of true bearish development across the board. A combination of declines in equities and gold, along with bonds going flat means money is coming out of the system. 37 day target of 1580.

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post #2 of 67
5/6/12 at 2:48pm

The true test comes when we see the US dollar catch a rally.

 

Gold has been a crowded trade for a long time with no real panic sell off.

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post #3 of 67
5/7/12 at 2:38pm
The longer GC holds under 1700 without a test of 1600, the more I'm thinking the bears are just getting teased. Volume has been on the low side for a month now, so it would not surprise me if we look back and identify Spring 2012 as a period of very quiet accumulation by the bigger fish. Silver telling a similar story. Once silver can bust up through the upper trendline of the descending channer silver has been in since the big crash last May, I think we'll have our longer term buy signal. We had one head fake last month, I think the next time will be a good signal.
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post #4 of 67
5/7/12 at 2:58pm
Thread Starter 

1622 and 1632 keep putting up a good fight. Bears will need to keep harassing those levels and eventually, sooner than later, get some hourly and day sessions to close below them. If that can happen, then 1580-1600 should be in the bag.

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post #5 of 67
5/7/12 at 3:52pm

Im sticking by my #s posted in the other thread a few weeks ago......nuddin has changed......................GLTA!!!

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post #6 of 67
5/8/12 at 3:55am

^ long term gold is trending up?

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post #7 of 67
5/8/12 at 9:28am
Thread Starter 

Gold bears ftmfw

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post #8 of 67
5/8/12 at 11:04am
Thread Starter 

Need moAR free fall.

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post #9 of 67
5/24/12 at 11:13pm
Thread Starter 

Capture.PNG

 

200ma -GLD


Edited by apples4oranges - 5/25/12 at 1:08am
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post #10 of 67
6/1/12 at 11:58am

GDX sparkling today

 

chart.ashx?t=GDX&ty=c&ta=1&p=d&s=l
 

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post #11 of 67
6/1/12 at 12:37pm
This guy is trying to sell a 1 oz gold coin for $25. American investor = dumb... these people = brain dead. Once you get the idea of the video, skip to 11:20, the guy in the brown t-shirt is the feature act. Priceless, literally. OTOH it does tell you just how sensitized people have become to the "cold call" type sales approach.
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post #12 of 67
6/1/12 at 12:38pm
Thinking 3-4 closes over 1580 or so and GC will be a better long than short.
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post #13 of 67
6/1/12 at 12:46pm
Quote:
Originally Posted by rando View Post

This guy is trying to sell a 1 oz gold coin for $25. American investor = dumb... these people = brain dead. Once you get the idea of the video, skip to 11:20, the guy in the brown t-shirt is the feature act. Priceless, literally. OTOH it does tell you just how sensitized people have become to the "cold call" type sales approach.

 

 

 

 

I see where he is going with it, but it was a bad execution on the point he was trying to make. People walking in the street are not going to be buying anything off some buy standing there with a camera.

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post #14 of 67
6/2/12 at 2:45pm

LOL at the girl that asked if it was made of chocolate...

now at $1626...that would buy you a lot of chocolate

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post #15 of 67
6/2/12 at 4:37pm
Quote:
Originally Posted by StockJock-e View Post


I see where he is going with it, but it was a bad execution on the point he was trying to make. People walking in the street are not going to be buying anything off some buy standing there with a camera.

But if anyone who knows much of a thing about gold at all met up with him, like someone from HSM... here is how I would handle it:

"Yeah, will you sign a contract of sale for that price right now, and I only have to buy it once it's verified as real gold?"

I bet he got a bunch of people who knew gold, it's not like everyone is that ignorant. I think he was just trying to show how clueless a lot of people are about gold... nothing new, but good sport.
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post #16 of 67
6/2/12 at 5:36pm

i'm not sure i would've bought it from him myself.. as a new yorker I learned a few things...

1. if a deal is too good to be true, it is

2. don't trust anyone selling you stuff on the streets...

 

you know how many people i've run into trying to sell me "gold necklaces" for 90% discount? One guy even tried to convince me the gold was "legit" cuz he "stole" it... how did he try to prove to me he stole it? he attempted to show me paperwork he got from his time at rikers island... lmao

 

i would've also thought that he was trying to prank me.. like one of those candid camera things...

Quote:
Originally Posted by rando View Post


But if anyone who knows much of a thing about gold at all met up with him, like someone from HSM... here is how I would handle it:
"Yeah, will you sign a contract of sale for that price right now, and I only have to buy it once it's verified as real gold?"
I bet he got a bunch of people who knew gold, it's not like everyone is that ignorant. I think he was just trying to show how clueless a lot of people are about gold... nothing new, but good sport.
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post #17 of 67
6/3/12 at 3:27am

http://victorthecleaner.wordpress.com/2012/06/01/gld-the-central-bank-of-the-bullion-banks/

 

GLD - The Central Bank of Bullion Banks. Excellent read about GLD and the GLD Puke Indicator

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post #18 of 67
6/21/12 at 11:21pm

GLD looking to bounce from these levels

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post #19 of 67
7/9/12 at 8:28am

Check out Mike Maloney's clips on youtube. He's really good when it comes to investment.

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post #20 of 67
7/14/12 at 8:22pm

I see it's chart as having etched a serious breakdown.....

 

big.chart?nosettings=1&symb=gld&uf=0&type=2&size=2&sid=3219852&style=320&freq=1&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=11&rand=2100186956&compidx=aaaaa%3a0&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1

 

As of this date (July 13th) it's at 154.14

 

big.chart?nosettings=1&symb=gld&uf=0&type=2&size=2&sid=3219852&style=320&freq=1&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=8&rand=87627126&compidx=aaaaa%3a0&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1

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