Thursday and The Doctor Is In
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Where is Roger? Given that you posted a couple of comments on that interview I don’t understand the question. Sorry
I don’t hate Roger Al . You seem to all live tighter ? Is the bottom in ASCKE ROGER AL !
Gold and silver in physical form is the BEST form of insurance for your retirement and your families wealth protection out there – BY FAR…GIVEN THE MACRO CONDITIONS OF THE GEOPOLITICAL/ECON0MIC MARKETPLACE it is only growing each and every day….pretty much end of story!
Yep it is pretty much the end of the story.
And the YOUNG BOYS AND GILES ! https://www.youtube.com/watch?v=8aBT5mpWsss
I agree with Doc about the weekly chart. I trimmed my GDXJ calls near the highs today and will probably sell the rest if it doesn’t look like we’re going to get a strong close tomorrow. So far, all we have is a back-test of the breakdown area. If we close the week at this level, we could see another plunge next week. This would be fine with me.
http://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=5&mn=0&dy=0&id=p16418236609&a=371238287
Agreed Matthew, I am concerned about another leg down until we get a close over $1204.
Priced in real money, GDXJ has taken back the breakdown area on today’s close and is still up 25%.
http://stockcharts.com/h-sc/ui?s=GDXJ:SGOL&p=W&yr=5&mn=3&dy=0&id=p67902998521&a=377252178&listNum=1
I should have said GDXJ took back the previous support area (Dec. ’13 lows). It did not take back the recent breakdown area, but it did try.
put some more charts forward. thanks.
Richmont mines has been one you like Doc and it has been moving another mover is Nevsun Resources.
We will have a look into Nevsun. Thanks for bringing that to our attention DT.
Thanks DT; I’ll take a look at Nevsun as well.
GARY ! Don’t forget Options Expiration ! plees tell us evry time ! ?
I expect gold to churn around $1200 next week as it waits for the stock market cycle to top. Once stocks put in a short term top then gold should give us another leg up to at least $1250.
Thank u Gary ! The pope is go more clowsly to CHINA ! https://www.youtube.com/watch?v=pIXhugcCaLI
With all the typing errors I have to suspect that some are either in a big hurry to post something or they are typing in the dark.
I from Belgium ok ! typiny g Nederlands aaa ja Nederlands ! https://www.youtube.com/watch?v=cbXS1n8r0K8
LOVE THE ? ! https://www.youtube.com/watch?v=tZ46Ot4_lLo
Cory.
In 2007-2008, the relationship was market down ,dollar up. why this time not working? is that mean when the stock market plunging dollar will go down with?
This might be related to carry trade from Japan and Europe.
My heart goes out to those poor souls living in Buffalo New York and it’s surrounding areas, the devastation there from this snow storm is terrible and they are now faced with massive flooding on the weekend. These people live in a depressed area and they can’t get to work or even leave their homes and the weight of 8 feet of snow is causing many roofs to cave in. This is the worst snow storm ever recorded.
Matt,
are you trimming or adding calls.
Trimming.
smart. You thinking this rally dies in miners? or we explode higher?
I think GDXJ could go up another $2 or so without a meaningful pullback, but I’ve got to be a seller with gains approaching 100% in 2 days. I will still have some to sell if we get up there. If we plunge first, I will buy again.
A profit is a profit matt.
Yes, and with options, time is not on your side! Big gains can turn into big losses very quickly.
I’ve got conformation on a few miners already breaking above 50 dma..I bet the rest follow. I think this rally has legs for 1-2 more days. We shall see.
I’m not selling any shares or warrants at these levels.
Thanks for clarifying that.
Matt do you trade shares on short term as well or only long gold shares?
I mostly stick with options for short term trading but will trade the shares if opportunities present themselves. I am extremely bullish long term.
Priced in the 30 year US T bond, gold has reclaimed the 50% fib level.
http://stockcharts.com/h-sc/ui?s=$GOLD:$USB&p=M&yr=15&mn=11&dy=30&id=p37758522369&a=371809762&listNum=1
There’s work to be done on the weekly chart:
http://stockcharts.com/h-sc/ui?s=$GOLD:$USB&p=W&yr=5&mn=11&dy=30&id=p22785202191&a=371814669&listNum=1
GOLD LOOKING GOOD………………………….1205…………
HEY WHERE ARE THE SHORTIES……………………….FRIDAY AND price will hold…….
I am” Skeeting” by till Monday………………………..
Priced in gold, the miners sure look like they have bottomed. If so, there will be huge (REAL) gains for many years.
http://stockcharts.com/h-sc/ui?s=$GDM:$GOLD&p=M&yr=20&mn=11&dy=0&id=p36760036068&a=376487942&listNum=1
SWISS NEED TO GET OUT AN VOTE……………..TV, is BANNING the leader………KWN.
I’m already up on some MNST and WSM puts I just bought.
Doc and rick have been totally wrong on the stock market, Gary has been totally right
DUTCH CENTRAL BANK…………moves 122 tons back home from NEW YORK…kitco
The palladium priced in silver uptrend is getting old. I think it will break soon.
http://stockcharts.com/h-sc/ui?s=$PALL:$SILVER&p=M&yr=20&mn=11&dy=30&id=p77384230035&a=365986959&listNum=1
I agree Matthew. Thanks for the chart
MATTHEW………….what is your call on platinum………..thanks j………
On the daily chart, platinum looks all set to outperform both dollars and gold. The weekly charts still need to shape-up a bit, but I expect it to outperform dollars and gold there, too.
thanks for the confirmation………appreciate…………….j.
Priced in dollars, palladium looks pretty good here.
http://stockcharts.com/h-sc/ui?s=$PALL&p=D&yr=1&mn=5&dy=0&id=p12547848857&a=370668372
Gold has had a big move and might correct to around 1170.
Any thoughts as to why specifically gold dropped $10 in 10 minutes around noon EST? Looking for news that would cause that! Thanks
The big traders probably have good profits too cash in and short it now as it has reached a resistance level.
Thanks, Paul. Appreciate.
Something is hitting a lot of commodities around noon EST Friday – oil, gold, silver, copper. Dollar just getting too strong?? In the scheme of things $10 in gold is not much – but if it fails to hold $1180 again? I guess “get used to this”, right? Volatility might pick up. Thanks
If you go to Goldseek and look at the gold, silver, dollar, and euro charts, you’ll see that the action today has been interesting and bullish for the metals. Until a few minutes ago, gold and silver were up even though the dollar was also up and the euro was down.
Is this a one day wonder, or the start of a transition that results in gold and the dollar going up together?
From the middle of 2008 to the middle of 2012, gold went up about 80% while the dollar went up about 18%.
Having said all that, I do think the euro will turn up soon, and when it does, it will be very good for the precious metals.
Euro and silver (black line):
http://stockcharts.com/h-sc/ui?s=$XEU&p=W&yr=5&mn=3&dy=0&id=p44586510883&a=367629788&listNum=1
Thanks a bunch, Matthew. I did notice earlier that gold and all commodities basically were strong while dollar was strong, then it changed but perhaps has stabilized now. Sounds like “good for you” that you sold some positions this morning. My EUO and UUP are doing real well, at least for today, and my PHYS and GDX are fine – no big deal. Was just curious. Hope this is not a double post – I have trouble sometimes with this little editor.
Well we either fill the gaps soon and proceed higher or we fall of a cliff. Two choices.
The cliff dive is looking less and less likely to me. I have an order in now to replace part of what I sold this morning.
Matt
If we close lower today id have to think that is bearish.
I agree with that. My opinion was based on how things look right now. In other words, it seems like we will not close lower today. But you never know.
The dealers causing “max pain” for Dec. future option expiration next week.
Silver looks better than gold today and in the big picture…
http://stockcharts.com/h-sc/ui?s=$SILVER:$GOLD&p=M&yr=18&mn=3&dy=0&id=p56389313236&a=373988319&listNum=1
Silver has taken back its downtrend within a downtrend…
http://stockcharts.com/h-sc/ui?s=$SILVER&p=W&yr=5&mn=3&dy=0&id=p67079633085&a=375430045&listNum=1
Gary, Doc
Thoughts on the early action thus far. Are they shaking the trees..
Is SLW getting ready to fly? I think so…
http://stockcharts.com/h-sc/ui?s=SLW&p=W&yr=3&mn=3&dy=0&id=p11098092813&a=368348153
if …X…. marks the spot……..do we dig in…………
That is one fantastic chart. I poked it’s head over the wall. lol
Where is Roger ?