Based on the Trade Triangle technology, Gold (FOREX:XAUUSDO) entered a short position today with a red weekly Trade Triangle @ $1,178.65
17 thoughts on “Gold Alert!”
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Based on the Trade Triangle technology, Gold (FOREX:XAUUSDO) entered a short position today with a red weekly Trade Triangle @ $1,178.65
Comments are closed.
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So, Jeremy, time to step up to the plate and explain the failure of the trade triangles in relation to gold. You couldn't have been more wrong with the past 2 calls, so if you want to get back a little credibility then you should speak out now on what people should be doing with gold, especially if they followed your advice and went short (and/or long).
I quote one economist from Weiss Research, he is Larry Edelman who has been stating for some months now that the price of Gold shall bottom out below $1,000/oz. before it rises into its long term trend. Good luck investors.
It is Edelson and he is wrong so much it has become a joke!
Please produce Edelman's forecast that said gold would top out at $1,900 in 2011. If he didn't get the last top right, why do you think he will get this bottom right?
Exactamundo. Same can be said with so many of the metals touts, who somehow cannot even cobble together a simple spreadsheet showing their actual gains/losses for 1 year, 5, 10, etc.
WHAT,S UP.
If it trades Up, where do you stop yourself out???
Hahaha... this is hilarious!! I do believe gold is going lower but you should be responsible and tell all readers that on April 6, barely 2 weeks ago, you posted a "Gold Alert!" saying go long at $1219.51 which was really a bad call. Your Trade Triangle technology has been exactly wrong so many times with gold that I've lost count. 🙂
april 6, 2015 by jeremy lutz 6 comments
Based on the Trade Triangle technology Gold (FOREX:XAUUSDO) entered a long position today with a green weekly Trade Triangle @ $1,219.51.
fulllllllyyyyyyyyyyyy agreee with you..........watch my all earlier comments on Gold,,,,
I agree. The strategies posted on this site are pure garbage. There is no validity or accountability for what is published.
One day they say Gold is about to Soar.,. and when it doesn't do that.,., no explanation except the next article that it is crashing.
Sure, If you pick it both ways.,., there is a 50 % chance of being right.
This site is Rubbish !!!
Have the same impression. especially their Gold predictions are upside down recently.
Recently? Why, the long slew of pro gold contributors on here prominently displayed and put forth since 2011 all the way down giving a tell (and an emotional one at that) of where sympathies were vs. what was reality, is a little more than "recently."
I agree, with gold it has been a generally better idea going against the triangles, unlike for stocks! Therefore I'm staying out altogether.Stocks have far more powerful and clearer trends anyway. Why bother with gold? Note that miners are maybe about to get into an uptrend after those punishing years (see Newmont,Southern Copper, Glencore). Just this would make me suspicious that the breakdown in gold may not be something to blindly go short with.
I was remembering the same post, Brian. Thank you for copying it so I didn't have to dig it out.
I have to agree with the others, Jeremy. This is garbage. I understand your (INO) signals change, but where was the sell recommendation from your earlier April 6th buy recommendation when the monthly triangle turned green? Am I to assume that this a liquidation order of the earlier recommendation and re-enter as short? Or, worse, are you saying we (INO) are long term bullish on gold but bearish in the medium term? You are starting to sound like the weatherman....and I got no use for THAT guy.
Thank you very much for your real information . will due to my account problem which I have not yet ready I am still lacking behind I am l left behind the door I really need support with this I need your help ,to help my self
Thank you
john peterson
Interesting trade.
How do you make this trade??? How do I tell my broker??