Doc likes the look of some gold charts
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DON’t WORRY YOU WILL OLWAYS HATE JEWS AND LOVE THE POPE ! CRAZY NO ? opinions ?
May be they are both looking rather dodgy.. Then again allies of vice always do.
YES ! steven ! Bones still drop and the game goes on !
AND THE GAMES GO ON ! https://www.youtube.com/watch?v=eoKcWSMe15Y
Speak only for yourself franky, I personally neither hate Jews nor love the Pope.
Hi Doc, I’m looking at offshore drillers too. If you think RIG is going to 20, what’s your target low for ESV ?
Thanks,
BB
Bonzo, it appears that ESV may be setting up for a short term bounce toward the end of October. However, the monthly chart is currently not very favorable and if it continues on its’ downward path, you could see 20-25 dollars for ESV. This would especially be possible if we’re getting a general market sell off.
Major support levels on the way down become resistance on the upside. Looks like the 1240 – 1260 range for gold will be tough sledding. But if we break through, looks like it could be a nice year end rally.
UP IS GOLD AND GOLD IS UP GOLD IS ALLLLLLLLLLLLLLLLL !!!!!!!!!!!!!!!ç
Nice interview again Cory and Doc.
These energy stocks look really good to me, too, but the trend is still down.
I don’t know which specific stocks Doc you are nibling at, but the $HUI and the main stocks within it look to me like a triangle may be forming – big ups/downs last week, and now smaller ups/downs – if so, since triangles usually are continuation patterns, I wouldn’t be surprised to see one final leg down here, going into early Nov or so. But, if price instead starts to rise, I’ll wait for it to exceed the top of the triangle, and for GDX that’s 22.16.
JAPAN OK NO STORM NO PROBLEMS WAAA THANKS TOKYO ?
HELPE US TOKYO ?
Good observation, Bill. I still feel we will have one more pullback in gold to challenge the recent low. This should take place in the next 2-3 weeks.
The storm was bad for folks who live along the coast, or near a major river, or have a house up against a mountain where flash floods bring mud down. But this country goes through this 3 or 4 times a year, ever year, so it’s hard to say. For most it’s just another day, but for those who where in harms way it’s a life changer.
I hope you buy dollars ! https://www.youtube.com/watch?v=eoKcWSMe15Y
WAAAA GOOD STUFF 8 https://www.youtube.com/watch?v=PaK1jFg8JBE
AL and cory LOVE DISS STUFF BUY BUY ! n
THE USA NEW WAY ! https://www.youtube.com/watch?v=nm6SpdXTUSY
don’t feel lonely USA ! https://www.youtube.com/watch?v=1v47Uo9njb4
YOUR RULERS CARE ! https://www.youtube.com/watch?v=1QK4bblyfsc
AAA BUY IGO TACE CARE YOU ALL !
Frankie invades again, just a peace hits ker.
Hi Richard, I like the way you refer to your buying as nibbling, because what it suggests to me is that if you take a really small position in a stock you like then you will be compelled to watch it to see if you want to buy more or exit. These days it is prudent to be very careful when you buy. I never buy when I first hear about anything that I might like.
DT, excellent comments. I nibble because my technicals tell me the odds are still that gold has another move down to test that 1179 again. In fact,tonight gold is already off over $5.00. I nibble only on those strong stocks with good fundamentals that I don’t want to miss entirely a move up—-and you’re totally correct; if it turns against me and TA analysis strongly tells me it’s going to have another run lower, I exit without much of a loss. You’re also wise not to purchase when you first hear something—-more often then not, I’ve noticed an asset already has had a good run and when you purchase, you can almost always bank on a move lower. As mentioned ad infinitum, it appears we’re going to trad lower again and begin to trade in a range with gold. Then we break one way or another and I’m betting it’s up.
If the bull like Doc has sold, who is left to sell. If nobody is left to sell, how can price go down and what is the point for manipulators to feed the people in the east by further selling? It is a net loss without the benefit of flushing out bulls.
The seasonal factors are favourable to PM from now on if we look at the history.
I couldn’t agree more—–of course, history doesn’t always repeat but it certainly rhymes.
pretty strong opinions. Lets see how it pans out….everyone sees gold as a continued decline next spring. Could happen over the next month or two. The sooner it capitulates the better IMO. That way it might stop going down.
Patience guys! We still have gaps and lower to go before up. Hang in there would be my advise. Still on sidelines in my trading portfolio.
By the way is there not one person in here that has followed my calls with wti oil for the longest time? Last week I said “within in one week” which is this week oil would target 78? I hope i can be of help in any way and as far as what im seeing, we are still not there. There painting a false picture here to suck you in. Stand strong wait for the next pull down.
I believe once oil cracks 60/70 range the divergence in miners from the everything else will decouple and go up with us dollar as equities continue to fall.
Your oil calls haven’t been forgotten by some GF.
Cheers.
My Gold call is still low 900’s at best too…..maybe much lower?
I think the next 12 months will rip the gold bulls a new ‘you know what’ hole.
Its going to be fun to watch….& profitable for some.
….just not for the buy, buy, buy, gold ta the moon schills you hear on here.
If you don’t look at the fundamental factors, any asset will look most bearish at the low and most bullish at the high. Obviously, we are not at the high. If you are long term bull, keep buying gradually. If you truly believe gold will lose against money printing, then stay on the sideline or short it.
Look for loonie and euro to continue lower..
jpy higher
Bond is over 144 now. There is a big risk off sentiment. Stock market is in danger. Gold can rise in this environment. It only means that bottom has passed
The direct reason is clear. Funds no longer have gold to sell. They may have to cover their shorts to reduce their exposure
Man, I didn’t think this would get to an 8.25 on the RSI.
DOC IS THE NEW BOB CHAPMAN ! TUPS UP !!!!!!!!!!!!!!!!