8/28: There’s a new stock market and gold video. And a video about using sentiment. We’re closing in on September, which for gold is…. I don’t do seasonals “willy-nilly”. I separate by the trend, the technical position, and the trading range. Gold has been weak, and a great buy, even trade-wise, in the 4th quarter from 2013-2016. Why bring up that time period? Because it is completely specific to me, as gold had….So there is my “seasonal” method. I would expect the same thing this year, but at,,, this year. And be aware that if weakness in the 4th quarter is not accompanied…(my expectation), then you have a total “change of character”, which is one of the most powerful trading “indicators”. Moving averages are a joke compared to accumulation, trading range recognition, and change of character.
As far as gold and GDX, the premarkets last week kept mentioning 23.90. I still have GDX September calls, and a long in NUGT, and am likely going to start selling today, and seeing about a spike-type deal to get out of short-term stuff. What gold “needs” to do here is to stay calm and trade sideways/kind of higher, with very light volume – …. A rally out of that is much more likely to be the precursor of finally….I’m watching it pretty closely. And GDX needs to close above 23.90 with no emotion, and stick a bit. These two things with gold and GDX would then get me very convinced that…
8/29: This gold video gives my current view – it’s a bull market – sound familiar? Ask yourself, since December 2015 has it been at all helpful to listen to all of the mindless commentary about gold all over the internet? Or has it been much wiser to understand what accumulation is, what the trend is, and what approach should then be employed with gold – meaning using….to buy? Since 12/9/2015, I have not wavered in my view. Currently, with the “news” out there, any change in headlines and gold can have….
8/30: Gold is interesting, there are plenty of bulls, and also doubters. It’s had a good run, and it is time to clear out some weak hands, at the same time, the bulls are worn out and don’t trust gold. It’s setting a nice support area to break and then set up a buying opportunity. A break below….would really freak people out, there’s a good low time frame…. But meantime, I’m daytrading/short-term trading PMs thru options and ETFs, and have some GDX calls. There has been plenty of useless news today as an excuse to sell the Yen, and gold. To repeat – it’s a bull market, the selling waves are for buying. That’s all you need to know bigger picture.
8/31: The “jobs” number is tomorrow, and it was the July 7th jobs day when I bought physical gold at $1214 as gold sold off “because” of the strong hiring. That early July period was an outstanding setup both technically, sentiment, and time-frame-wise for a low. Right now…., but trading-wise it’s getting interesting on…. The time frame probability for a low is…., the sentiment is mixed, but gold formed what was discussed yesterday – “support area to break for a buy” – and did that last night, on smaller volume. So this volatility is helping to set up….Yesterday we talked about the USD potential for a spring low, and it’s continued its push higher today. Of course the brilliant commentary, and the theory, is how it’s the $ strength hurting gold. That underlying theory will get some people to sell gold, as the theory will be around a long time, but it’s….which is the real problem. It’s time for gold to separate itself from the Yen, which is coming along….
9/1: Gold and the Yen saw a lot of volatility after the number this morning, and it’s likely we have a bigger….setting up, and a good….time frame coming up soon. Gold is in a bull market and has been since 12/17/15. (There) are a bunch of clowns all over the internet who are now just figuring that out.
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