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Gold in 2011


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Gold in 2011

  #91 (permalink)
 
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 aquarian1 
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aquarian1 View Post
April 20, 2011

Gold has broken 1500.
Next target 1518 and then 1550


Stop below trendline.

Gold met 1550 target on Friday 29 April, 2011

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  #92 (permalink)
 
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 aquarian1 
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Sunday action may be signaling a pullback.
There are several possible targets and it probably just best to stand aside for a couple of days.




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  #93 (permalink)
 
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Thursday, May 5, 2011

From 1 May: "Gold met the 1550 target and then some. Sunday action may be signaling a pullback. "

Gold has certainly pulled back!
Looking for 1450 before this pullback can be held. Watch for action at that level. Daily gold chart


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  #94 (permalink)
 Donald 
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Hey Aquarian1, what's your call on PM's for the next week? I just spent my morning listing to all the experts on gold and silver and I feel even more excited than ever about trading PMs for the next year or two. I REALLY enjoyed James Dines interview available over at Eric King's website. Great stuff!

I have my trading plan in place for next week based on the more downside-slide thesis, and hope i get a chance to execute it. Can't wait for Monday.

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 aquarian1 
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Donald View Post
Hey Aquarian1, what's your call on PM's for the next week? I just spent my morning listing to all the experts on gold and silver and I feel even more excited than ever about trading PMs for the next year or two. I REALLY enjoyed James Dines interview available over at Eric King's website. Great stuff!

I have my trading plan in place for next week based on the more downside-slide thesis, and hope i get a chance to execute it. Can't wait for Monday.

Hi Don,

I'm behind schedule this weekend and didn't get a gold update on charts done. However, I think I posted that the action around the 1450 level would be telling. As it closed below 1500 that is hard on the bulls. Perhaps a bounce to 1507-1515 to pull out the bear stops and bring in the baby bulls and then down toward 1450?

I hope that helps and basically yes I feel the downmove is not yet complete until and unless it can bounce off 1450.

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  #96 (permalink)
 Donald 
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aquarian1 View Post
Hi Don,

I'm behind schedule this weekend and didn't get a gold update on charts done. However, I think I posted that the action around the 1450 level would be telling. As it closed below 1500 that is hard on the bulls. Perhaps a bounce to 1507-1515 to pull out the bear stops and bring in the baby bulls and then down toward 1450?

I hope that helps and basically yes I feel the downmove is not yet complete until and unless it can bounce off 1450.

Your story is tracing gold's move so far, trading up to $1,507 this moment. I agree with the downturn call also because i feel this a grande battle at $1,500. We can expect to see some blood.

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  #97 (permalink)
 Donald 
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DANGER WILL ROBINSON DANGER


Quoting 

"But Dennis Slothower of Stealth Stock Daily looks at the dollar differently. He wrote on Friday:
“The dollar has only gone up like a rocket just prior to serious market declines. Notice what happened to the S&P 500 Index CME:Index and Options Market: SPX shortly after the dollar began a strong advance in August of 2008. It wasn’t but a few weeks later that the equity market collapsed. The early strengthening of the dollar was merely the canary in the mine that should have signaled a clarion call that the equity market was getting into trouble."


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  #98 (permalink)
 Donald 
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Look out below...

(1/2 hr later... wow that's steep.. anyone into calling a bottom? 1,380 anyone? by Friday?)

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  #99 (permalink)
 Donald 
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Good interview, great talking points on gold's immediate future; added bonus, hosted by the lovely Margaret Brennan.

[B]John Burbank says gold may drop until August[/B]

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  #100 (permalink)
 Donald 
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I get the feeling gold is about to punch thru its low of 1,477 in the next hr ... anyone else see that coming?

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Last Updated on July 11, 2011


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