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Gold - I'm calling the top
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Created: by cpi65 Attachments:8

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Gold - I'm calling the top

  #61 (permalink)
Elite Member
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Today would be a hard close ...

The bloom is off the rose.

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  #62 (permalink)
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Now that margins are up by, what -- 40% in the last 5 seconds... then maybe we'll get one last set of capitulation short covering, with a rally ending near 2000, and then a modest move downward to take out any bulls, before we ultimately continue back on the bullish path to take out 2000.

Just a hunch.

Mike

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  #63 (permalink)
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calling tops or bottoms on anything at anytime can be lethal for a trade...been there,got the scars.

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  #64 (permalink)
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Toronto, ontario, Canada
 
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Anyone willing call for what low price gold and silver will reach in next 1 month or longer?

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  #65 (permalink)
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Toulouse,Tarn,France
 
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GLD


cpi65 View Post
I will add a bit more later, just wanted to get it out there now.

Hi , I have also received various indications that GLD is in a bear flag , and should therefore fall to $1460, but it defies gravity for the moment.do you have any timing on this?
ianmcneil74

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  #66 (permalink)
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Personally I would keep an open mind and trade what you see, trading and calling tops bottoms are diferent things altogether. You will justify what you see on the chart if you have a fixed view. I trade gold silver on paper market and hold physical of both also. There's a very strong case from the fundamentals but clear manipulation so trading and investing have both worked out for me

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