Here are the technicals Doc is watching
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Could be in. You very possibly could be correct.
Al
james I would never dream of suggesting you sir do not know how to read a good horse but I will add just because U can’t read a chart don’t suggest they are useless….your comment everyone can look at a chart and see the same thing and when everyone knows the same thing its worthless well my friend those key areas that Gary and Rick, Doc point out are exactly what everyone watches and at those key levels reaction unfolds just as the breakdown this time last year in gold @ $1525 area suggested head for the hills and so did the many, many resistance areas gold overcame on the way from $400-$1900….I have no clue what you talk about regarding horses so I wont make an ignorant comment towards your expertise, charts are not a waste of time…..Giddy Up!!
If charts made people so much money everyone would be rich.
Although, they do work until they don’t. Much more accurate
indicators I use. However, insulting The General is not something
I condon its in very bad taste. He’s one of the nicest posters on here.
He means no harm and a apology is in order. Please !!!!
And the General is?
General James…who else
You, of course, mean James the Greater and I do agree with you!
lol, has nothing to do with how nice a person is, man this site is more sensitive than a hemorrhoid
Do you really think anyone can successfully read a chart, ask Rick, Doc or Gary’s opinion on that one cheeez….its like saying if you can skate your can play in the NHL….silly!
I love guys like you who claim they have better indicators yet they keep them a secret, right! If your so smart tell us where gold closes Fri where it will be next Fri instead of always preaching silliness of $50000000000 gold, currency collapse and so on, its like the cult call of the end of the world which is next month or was it last year, or the year before lol…..much rather let todays price indicator its trend than always looking waaaaay out to da moon how about close above $1350 first and then take out the next 100 or so resitance levels on the chart you can’t read before making new highs.
There is nothing wrong with a bearish or bullish outlook towards gold but lets keep in within eye sight and not looking out to the stars not looking at $1000 gold by next week
OK…but lets exercise respect. He not once harrassed you.
If so, then sure. But its the other way around.
The General is highly savy and possesses great wisdom.
Valuable asset to this board. So please !!!! Be nice
I agree originaL.
Al
Original JJ asks you to tell us when gold will cross 1350 Heavy. His challenge is that since you are so good at predicting the big picture then surely you can tell us all when just this small increase will happen. Especially since you have that secret system that is better than technicals…..so how about it. When do we get to 1350…..this is an easy one 😉
Actually, my gift to you is below on a post regarding the 1976 gold market.
Pull the chart and enjoy it.
TAKE THE PEPSI CHALLENGE. Its right up your alley.
Also read the post just above it for your answer on 1350 gold.
It gets ★★ for short term trades. I have a strick set of rules
with any trade short term and long term. Going long gold right
now is a high risk short term trade. Good luck
I have a short term buy on gdx and j as long as its put on with this mornings opening prices.
Little more or less is OK. PROBABLY A 2 DAY TRADE AND SELL.
Even so its a ★★★★ trade. Not meeting my strck criteria. I won’t touch it.
“It works until it doesn’t”
I say this a lot: It is funny because it is true
“I don’t want to give away all my secrets Cory”
Ha! First time I have laughed out loud listening to this show all week. That was funny Doc.
Bird, glad you enjoyed it—-my proprietary secrets of course. I was waiting for Cory to ask if I have proprietary software and I was going to answer in the affirmative—-my brain.
Doc-Richard….if you apply a 3,6,7 version of the MACD it shows the turns quicker than the traditional …..I keep both on all my charts from daily-weekly-monthly
Boy, if you have time can you explain that one to me?
Al
Al your alot smarter than you look regardless of what Cory says…lol
This link will explain the application Doc was talking about MACD….one can use different time frames depending on ones trading approach…you sir being such a long time buy and hold guy all you need is a ruler
http://stockcharts.com/help/doku.php?id=chart_school:technical_indicators:moving_average_conve
That is probably true, original jj.
Thanks,
Al
What I understand Gary to say is that there is a strong possibility that gold could see a sharp drop. I believe he sees that as the likely scenario. What I like about Gary is that he gives me the opportunity to manage my affairs so I can take “all likely scenarios” into consideration and invest accordingly. Al’s show pretty well covers the bases. The “Big Picture” with alternatives presented on this show are outstanding, in my opinion!
Thanks much, that is the plan.
Doc have a look at the weekly CRB index, looks like it wants to run towards 320 with todays candle action…MACD still bullish….odd imo as when the general markets are getting smacked hard usually the commodities in general do so aswell
Original; both the daily and weekly look good. I especially like the weekly and it looks like it’ll run for some time yet. I think the CRB is living off the recent move down in the dollar. That should reverse in the next few days but then I feel there’s a good potential of the dollar finally breaking down in the next few weeks.
Posted this on Gary’s interview earlier…If equities continue to fall, and they’re falling hard today (again), could money actually flow into gold? Safe haven? (Not the miners as they will fall at least some as they are still stocks.) Instead of a grind lower in gold, could we have a grind higher? Hmmm…
That’s been the wish for every investor long gold for sometime now Mike. How about Japan as an example when Abe was clear that he would devalue $yen and send the Nikkei higher one would have thought the Japanese would have bought their equities (which they did) AND some gold with the currency depreciation about to unfold since the fall of 2012 the yen devalued 33 pips into the Dec low…Gold followed from $1775 into the Dec low….no Safe haven currency play with the obvious $yen outcome from Japan….with so many hedge fund positions leveraged using US$’s their liquidation should have the $ heading higher….I haven’t seen a move into gold as safety these last couple years and again when the Cyprus issued unfolded one would think gold would be sought a year ago…nope!
Maybe my ears are bad, but it sounded to me that Gary was saying “if this or that happens” he wonders if the gold buyers give up. Just didn’t sound to me he was calling for it. Basically, I hear Doc and Gary seeing the same thing, now Gary, a bit of a conspiracy guy sees maybe these banks drive price down. That would be far from a revalation. Its happened before, no surprise to see it again.
What is, someone finally seeing it before it happens. Except Gary might have been right a time or two in the past as well.
Thanks everybody for all input.
Heavt Hitter – thanks!
Stay the course! Keep your focus!
I will General James.
I like your analysis. A straight shooter too.
Unless we get a geopolitical event gold market looks soft until first of May.
However, long term holders should have no concern. 1500 gold mid year.
Looking for black swans so gold market will get hit very hard.
OVER AND OUT
Not sure that I agree at this point.
There was a lot of distribution on this last decline and buying volume is OK
right now. However, we need to get through this area of distribution recently
and looks up but gains will be short lived and then down again to retest the
last decline. So Doc. is right about around first of May or end of April.
Long term holders should not be concerned as we will just test some
lower levels but nothing big.
Short term trade right now is totally a big risk in my book. It could go either
way. I would never consider it. All my short term trades are 100 percent
winners with few exceptions. Gold right now is just a hold.
AND WHAT ABOUT ……1976….you won’t believe it.
LOOK AT THE 1976 GOLD CHART.
Just when you thought you knew anything.
Its guaranteed to stir your emotions and your eyes balls will pop out.
Sleep on it and tell me what you think. The first 9 months of gold trading.
See if there is any real gold traders who are guru’s can figure if that market
strongly relates to the one we are in.
ITS GUARANTEED TO SEND CHILLS DOWN YOUR SPINE IF YOU ARE INVESTED IN GOLD.
Sharpen your pencils guru’s !!!!
Thanks Heavy,
I guess I am just a boring old guy who believes he has provided kind of okay for his family and hopes the kids too never have to use the metals stash.
The rule is…Al
OLD GUYS RULE….your not getting out of that one
Damn right we do, Heavy!
ditto
I see a grind up for the past 7 days and the macd seems like it is about to give a buy signal.
Paul, the weekly is still very favorable for gold. Tomorrow’s price action and close should give us valuable information for next week. Good observation.
todays claim number normally would have crushed gold, but gold hardly budged.
this is a new thing
the uglier it gets for stocks the better it gets for gold
gold does not have to go down. the bottom could be in.
dont get caught in the swtiches