Technicals from Rick
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79.79
Thanks and yep a bit of a drop!
We may be at the start of a meaningful moment in world history! Let’s see just how this shakes out.
GOLD…………..1328……………..that is more than 1322…….
TUES………PUSHING 1330………
PLATINUM…………………….$1502………………UP …………$20……….************
BUY BUY BUY!!!!!!! GOLD !!!!! YEEEEEEE https://www.youtube.com/watch?v=pGWxxhWj7wk
In NEWPORT BEACH CALIFORNIA……
The economy is booming and its not only booming its
raining money here in the shops and car dealers.
Rolls Royce Phantoms, Porsches, Ferrari’s, spectacular yachts
cruisin down the waterways.
LIFE IS A BEACH !!!!!!!
Come join the fun. GOT GOLD
zoom…zoom. …zoom… in your new foreign luxury
car and arm candy blonde sitting shot gun.
WHAT COULD GO WRONG ??
GOLD TO DA …MOON……ALICE…..
This is my own personal thread….don’t touch it.
Everyone was wrong…Gary S. sold…Doc. is way off.
My dart board works better and much cheaper.
This is just the beginning of a very large explosion in gold.
Old Yeller and me go back a very long time.
YA GOTTA BE IN……TO WIN !!!!!
I’m just waiting for the next daily cycle low to go back into full positions. This is what always happens at daily cycle tops. The market draws everyone in at the top and then hands them a big drawdown as the first profit taking event begins.
Gold needs to break it’s cycle trend line before the daily cycle decline can be complete. That unltimately means a move back down to around 1290-1300 sometime in the next 5-9 days. If I had to guess I would say a temporary bottom in the dollar on Thursday’s employment report and a short term top in gold either on Wednesday or Thursday morning.
To be continued…..ha ha .wright….GARY
You better be correct.
DEMERITS WILL NOT BE YOUR FRIEND.
You need to be consistent with a remarkable track record.
Won’t last long in this budiness you missing this big move
if it comes. Timing this short trend is not wise.
YOU ALREADY KNOW THAT BUT DECIDED TO DO IT ANYWAY
How many times must I go through this before people start to follow these cycles. No one believed me in early June when I said gold was going to bottom. No one believed me when I said the dollar was going to roll over.
This is what cycles are used for, to spot turns before they happen so one can be prepared for the trend reversal.
We booked almost a 20% gain from a three week move. Did anyone else do that?
Past performance is not to be construed as future results.
You have 3 months Gary of good merit.
Other than that last 3 years is not anything to be
proud of. Hit and many misses.
Im not so sure Gary this short term of good merits
will last too long.
I already can see some errors in your portfolio.
Thats your business and time will mark who’s right.
Your 20 % is fine but mine is many times that.
FOR THE RECORD !!!!!!! However, I would never expect you to out perform me.
I booked nearly 200% gains on those GDXJ calls that I picked up three weeks ago.
Good going Matthew.
You probably know I don’t play options for many reasons.
If there was more liquidity for large sums of capitol would
be yummy.
I’m 400 percent long juniors. Some days it does much better than
options unless you have a real pop rally.
Like today was 16 percent.
I don’t care about today as long as when 2000 gold
gets here I know great fortune will be made.
FOCUS ON THE PRIZE. The big fortunes less than very few will accomplish.
Looking to load up on mini juniors next. Hold for 3 years.
Don’t even want to know what their trading for.
5000 gold…….100 to 1 returns ; )
Good going Matthew
I won’t officially book anything until 2000 gold.
400 percent long juniors. Plan on purchasing the mini juniors soon.
Gold 5000…..100 to 1 pay off.
Thats what I’m doing and everyone else can go home.
My goal is to mass fortunes not some profits.
Best times are ahead Matthew.
Its all about vision. You focus, aim and fire.
Ya gotta love it. The challenge is more fun than
the great fortunes. The fun is getting there.
Well, lets face it great wealth is nice…
Eases a little of the pain in life.
I agree HH, the best is yet to come. I remain extremely long the sector.
Matthew, thanks for the input.
Its a very valuable statement coming from you.
In fact, everything is good coming from you.
THE EXTRA ORDINAR PROFESSOR….just like Marc says
Somethin like that. 😉
Gary,
From the point of view of munipulation theory, there is a maximum pain point in a year. This point is the end of June. The reasons are several. First, the demand is low since no holiday seasons from traditional gold buyers like China and India are in sight. second, it is the time for funds to calculate their half year and quarterly result and plan for the next move. It is also a thin trading time due to the holidays just in front of it. If it is a week end, the hit is particularly heavy. End of December is another point but demand is high. It costs more to hit gold. Statistically, end of June is the low of the year.
I have bought quite a bit during June and left some cash I hope I don’t have to deploy.
Heavy, I have to tell you, I have never met anyone as full of himself as you are. But that is okay because I listen to everyone.
Just keep it clean. Thank you.
Al, just a reminder, you are following on my post even you mentioned Heavyhitter.
Big AL….
Its all clean. Its a discussion and no vulgarity whstsoever.
Also, I’m no puppet. Just keep that in mind. I listen to no one.
Different than you maybe but I have the credentials in high finance
knowing who and what to avoid. Only one’s I pay attention to with
a substantial case in favor of it . Rick R, Charles Nennar, Gary S.at
times and very very few others. In the case of gold. At the end of the
day I do my own analysis and I don’t care or can give a damn unfortunately
because fortunes are at risk. I do not come here to make fortunes because
its not here. Got my gold comrads here and thats all there is. My fortunes
come first just like anyone else and my convictions with my investments will
remain strong with or without this board. I must post the way I see things or
I’m lying to everyone here. AL, with fortunes at risk I can’t afford to be taken
in by anyone here. Or anywhere for that matter. Hope you understand but that’s
how it is and how I am. Never going to change. Thanks for listening and understand
if you cut my cord. Its OK because quite frankly its time consuming posting. Thanks
again AL… I have to be me though.
The guys over at KWN…………SAYS THE 65 DAY MOVING CYCLE has been broken and the move is up………,
It is not going to the Moon, HH. It will go up steadily, with minor corrections, for a long period.
Maybe…maybe not….but 2000 gold is not far off.
The question is….for everyone reading this
WHERE WILL YOU BE AT 2000 GOLD ???
You know I will still be completely invested
with fortunes in my crill.
I’M NOT WISHY WASHY…….not now
Or ever will be. GOT GOLD !!!!! Well doooooo yaaaaaaaa
I became fully invested in PMs about two weeks ago., with purchases I posted in this forum, if I remember BTG, SSRI, SIL,SILJ,ASM and maybe another silver stock. I also hold other stocks with SLW and MUX being my biggest holdings.
(I like all the royalty type stocks: PVG, NGD, FNV, SAND, etc.
However, as silver will lead, I do expect to move partially from silver more to gold eventually. My platinum and Palladium holdings will not change.
I do have some money in reserve for oil related stocks, looking for a right entry point.
Having closed above $1322 on reasonable volume, my best calculations indicate in one month, we should be at about $1400.
Steady rise ahead. Mark it down, HH, so you can laugh at me.
Not laughing CFS…
I said maybe….no one knows.
If you do know….then its a guess.
You know it and so do I..
So guess on..but 2000 gold is coming. Period
Educated estimate.
Further I would point to $1400 as a round number, which tend not to be penetrated on first attempt, so in a month Gold should be a hair under $1400.
I did post a week ago that we had an expiration coming up and manipulation downwards could be expected disallowing gold over $1320. I mentioned a hold at $1310 possible but unlikely. In that I was wrong, because it was held at $1310.
HH, “No one knows” ?
I suspect the Guys at JPMorgan have a pretty good idea!
The morons at JPM.
HA…..
WHERE ARE THE SHORTIES……….
Gettin creamed…
Hey…hey…hey…Jerry….gold to da moon.
No doubt in my mind.
gold looking goooooooooood…………..hope you are enjoying the day at the beach..
Hope you are having a great day too…Jerry
Best !!!!
JERRY!!
HH MAKES ME LOOK LIKE A AMATEUR WHEN IT COMES TO HIS ENTHUSIASM….WHAT ARE YOU ON…:)…HH….HA!
Marc…………I have never known you to get excited…….you are always calm ,cool , and collected…………………well,,,,,,then again,,,,,,,,,,,,YOUR RIGHT……..
Have to agree HH. We’re living in times when the most sophisticated forecaster doesn’t stand a prayer. For who’s to say which black swan won’t send gold ballistic. Like the three Israeli teenagers killed (purportedly by Hamas) but which may give Israel the excuse it wants for all out war. After all how different is that to the murder of Archduke Ferdinand?
Gold is going ballistic. Huge up days and down.
Too many can’t wrap their brains around a very
volatile gold market. Gold is going to surprise
like it always does. No TA can time 200 break outs.
or 100. Its gonna be fun. Its guaranteed.
But Andrew, we know what to do.
Sorry to go off track. I follow many analysts, all fundamentalists. After years of listening and observation. I do recognize a couple of them who I think are most valuable:
David Morgan is the only one I know who can get people to buy at bottom and sell at top and help people focus on the longer term strategy while taking profit from time to time.
Rick Rule is a very tough guy and able to identify the big value in a deeply depressed market and put his money to work. I feel he might be the one to make people rich if they follow him with strong commitment.
Other analysts all get more and less valuable ideas.
Anybody has good suggestions?
Don’t rely on other people’s advice.
There are more charlatans than honest people.
At best they will suggest a stock they already own.
Exception only for multi-millionaires; watch what they are doing. Analyse why and if you understand, then try to emulate.
I have lost more money following other people’s ideas than through generating my own.
Lawrence you can go far wrong with Chris Martenson. Excellent interview with Greg Hunter on today’s USA Watchdog.
http://usawatchdog.com/iraq-crisis-150-to-200-oil-might-seem-cheap-chris-martenson/
Lawrence for ‘you can’ read ‘you CAN’T’! Apologies, A
Thanks, you don’t have to correct. I like Chris M and Greg H. They are more political economists though.
Chris, A Zombie is said to be a corpse revived by witchcraft! Need one say more.
Another correction Rick, not Chris!
Brilliant closing statement, Rick. But connect the dots we must.
i just don’t see how the gold subscription callers can call the PM markets on any consistent basis. If they could, they would not need a subscription business – absolutely no need. Just my opinion.
The PMs are a Jesse Livermore set and forget imo. The PMs markets are totally manipulated and any kind of TA will get toasted. You will zig and the market will zag. Not trying to change anyone’s mind but who said gold and gold stocks would do today what they did? answer – NOONE except the bullish HH.
And Fred…..lets not forget….these guys will never stay in
to win…WHY?.
They are all playing with scared money and paper profits today
is a prerequisite to trading for ….now…or its nothing.
All…….SHORTSIGHTED….
Right now too is the best time to be in…PERFECTO
Next 2 years anyway will be spectacular.
Fred…..in 2 years and even in the months ahead we
have a winner….its name is……KING GOLD !!!!!!!!!
Happy days ahead for those who are not short sighted.
AND HAPPY MONDAY FRED. You winner…. you. Or soon to be.
Good tidings to you too HH…….to you too J…the Long……HH – your advice is GOLDEN….thanks a million….really appreciate it….its feels great to be in good company……priceless..
ditto……..on the “feels great to be in good company”….
Fred, I said the following on Thursday:
I think the sector will go higher before we get a pullback. Silver is very overbought but will be supported by gold as it plays catch-up. I think the miners are once again ready to outperform the metals –starting tomorrow.
If gold does pull back now, I would buy the sector if it goes to the 1298-1293 area.
Matthew!
Thank you….do you have any feedback on VIRGINIA MINES and ALTIUS MINERALS…..I about to in on them OR do I wait for mid-july!!??
Marc, I don’t follow those two, but I have to say that this looks like a fine time to add to VGQ –on a down day for the sector, of course.
I think ALS has a bit further to fall (5-10%), however, the 55 week moving average is holding so far. The point and figure chart has a preliminary price objective of $8.50 but I think $11-$11.50 will offer substantial support.
Take with a grain of salt since I do not know the details of these companies.
Matthew!
Thank you!
Fred………..I have to agree with your comments on JL……..and HH…….
If Rick does not like the market, what does he think about an ETN like SPGH?
HERE’S ONE TRADING SKILL THAT RUINS HUGE FORTUNES FROM A MASSIVE GOLD
BULL MARKET WE ARE NOW ENTERING.
Analyst’s, investors, speculators, traders who actually believe in their own snake oil
they can time golds ups and downs. Maybe near major tops and bottoms but not every
other week or month.
Most of the posters that where here 4 months ago have been shaken out or gave up.
Analyst’s here have done a poor job timing gold except for Gary S. However, we have
a very long ways to go and only few will make any money including all analysts. Making
fortunes that’s reserved for those who know why tney stay in and sell at huge market tops.
Not going to say few it will be a lot less than few. Thats right, I will be one of the less than
few. 2000 gold is coming and those that remain in will make fortunes. Not those who try
and time the market because big swings are coming. 100 up days and we could easily
break above 2500 going parabolic. Maybe a few years away or less…. but be ready.
OR LOSE OUT ON FORTUNES. …because of some hair brained idea …listening to analyst’s
or timing the market to try and enjoy buying something your going to be sorry for later.
ITS NOT WORTH IT. Wait for the parabolic gold party…cash in and now you have your
fortune. This is the disciplined way to make fortunes. Until then, you have to be frugal.
At least to the extent not making any major dream purchases. Thats how guys fall on
their face. Too much… too quick and back in the poor house.
HH and all:
SIT TIGHT AND BE RIGHT……..
Absolutely and timing is everything.
However, those who got in a higher prices will be made whole now.
Then there’s loyalty. I have a bond that can’t be broken with Old Yeller.
Thats what will make few of the few fortunes and all the others will
have little to show or losses.
THATS HOW THIS WORKS…..LOYALTY. …believe it or lose.
Most, if not all choose to lose or gain little.
Be interesting to really know just how truthful you really are. For your sake, I hope it is 100%.
Big AL….
Nothing is a 100 percent. If someone bought holes in the ground they could
be made whole but it was a very dangerous investment to begin with.
You have quality miners and physical there is no reason not to exceed the
old highs.
Gold will take out its old highs.
GO GOLD !!!!!!! OK…stay positive.
I like your paragraph two above Heavy!
Gold is going to 2000 soon and whether you want to believe it or not.
THATS NOT A …..M.P.
THATS ..A ……….Y.P.
Until you understand that, you don’t undestand gold.
Old Yeller is my good friend. FOR 35 YEARS TOO.
What does that tell ya……2000 gold is just gettin warmed up.
OK !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The oldest gold fund is looking good…
http://stockcharts.com/h-sc/ui?s=USERX&p=M&yr=20&mn=11&dy=30&id=p88754408887&a=357645938
USERX is a very high quality managed fund.
Jeff Kern uses it for all his trades.
In fact, I think he’s long now.
Use to follow Jeff back in late 90’s and very early 2000.
Before his newsletter. Just a regular on the old kitco forum.
He was very accurate then but stopped following him just
thought his system was not going to come through all the
time. That’s what happened too. He made me lots though.
Golds . …silvers ..golden cross is now eminent = gold explosion
This is the real deal now.
Ha ..is anyone paying attention.
This one will not fail.
HH – good to hear you rearing’ up withal your old fervour! I’m with you 100% Old yeller and me go back several decades, ever since a conman told me invest in it…..the only piece of advice I ever heeded from him and which he never heeded for himself! lol And may the Lord continue to bless you! A
Hey Andrew….uh ha ha….the conman never CYA.
Its all timing but we are now in the next 24 months
going into a huge rise in gold. There are no believers.
Its perfect. First 3 months the ameteurs and momentum
players got punished. Now things are really ready to blast
off and no believers. We will have corrections but that last
one was the most deepest I had ever seen going into a bull.
Anyway, its about loyalty and staying on board until we reach
the euphoric stage. As you know. Old Yeller is our good friend
and it will pay off.
I just had a conversation with Old Yeller he wants badly to go
back to the moon and from there Uranus. lol
Be careful what you wish for, you might get filthy rich. lol
Happy Tuesday Andrew and happy days ahead for gold now.
Unfortunately, we can’t go back to all those fun gut wrenching down days.
Sorry Andrew but at least you will have a nice bank account.
Its not all bad….lol
DITTO TO HH……………SNAP TO ANDY
Snap, crackle, and a BIG POP for gold. YA
Happy Tuesday. …Jerry
FIREWORKS are about to begin……..Happy TUES……to you…….HH
Do you follow anything concerning the CIVIL WAR…..a Big day for Civil War buffs, is approaching on JULY 3……Gettysburg…151 years later……….
Not really Jerry. But its honorable and good to remember those
who gave their lives.
I live for now, not the past. What happened is history just
like my life is past…. good and bad.
Just forging ahead like a warrior.
Its a war out there with health and finances.
Main thing……remember the mistakes of the past……….
IF you study anything about the USA……and currency……the CIVIL WAR PERIOD, gives a lot of clues………to the financings of war,,,,,taxes,,,,, and bondage.
SOMETIMES………..historians do not tie everything together…just bits and pieces, and fail to remember..that who, when , what……..needs the total answer of WHY?
Jerry, precisely. The continental dollar collapsed. I was a major coin
collector.
History is repeating.
You know your business Jerry.
Try and tell that to all the lemmings.
HA …
I am still a major-minor collector of currency and coins and antique weapons…
I receive weekly catalog from Heritage Auctions…….Coins and currency have been a nice return on investment……..been collecting since the 60’s….started with MORGANS.
Obama using sequestration to hit at republicans again:
http://www.foxnews.com/us/2014/06/30/army-fires-officers-after-ordering-them-to-move/?intcmp=obnetwork
PLATINUM UP…………………..$1502……………..UP $20………….LOOK OUT.
The world is watching, waiting. US dollar index at 7.79