GOLD ALERT!

26 thoughts on “GOLD ALERT!”

1. ELVIS, care to give us your target and stops - how many hundreds are you expecting on the downside over the long period? How will you know if it has turned?

2. Adam

   My comment

   Quote
   Comment by Sam Subscribed to comments via email
   2010-12-08 12:48:39

   If you know better, state the facts no need to use such language in Hindi. Say it in English so every one can understand you coward.
   Unquote

   was directed at JHON's

   Quote
   Comment by JHON
   2010-12-08 12:44:01

   chutiya bana raha hai gandiye….. very good….
   Unquote

   I clicked on Reply to this comment expecting it to list in a box alongside JHON's message but its come much later losing its relevance.

   Sam

3. Weekly red on the GLD soon I think? My put hedges are starting to go....

4. I M in the money on my shorts! "Thank you very much" I, really needed your money, please continue to hold you longs for along as possible, i m behind on my account, Every bit helps! ELIVIS

5. I am keeping an eye on the Daily price of Gold to "close" Below the 50 Day Ma. That could confirm a nice Correction. Lucio

6. If you know better, state the facts no need to use such language in Hindi. Say it in English so every one can understand you coward.

7. Your TA tells you to sell at $1,388. Price tells me to buy since gold is on sale for $40 less than it was a couple of days ago. And if it falls more, I will buy more. You would have locked in a $65 profit if you responded to price rather than some TA signal that told you to sell at a point $40 lower. Your TA will tell you to buy at some higher point, say, $1,415 for example. I will respond to price and SELL a portion of my position I bought at $1,388 for a gain.

   And as I have said before, the coming volatility in gold will make trading based upon TA (for a gain) virtually impossible.

   1. Dan,

      That is what makes a market. Different viewpoints.

      All the best,
      Adam

8. Without TA, i couldn't have hit on my short on gold and silver. traders benefit well using this short term style. i do not believe in holding any trade unless it will holdup.. i m out as soon as is turns, the short i have on these metals is good for a good long time. it is a bubble, and every is in, looking at silver to low teens and gold an drop overnite. i m talking in hundred of dollars. thanx, Adam Elvis

9. Trader and investor here. I hold long term positions and short term positions in the same stock/asset. Difference is, I respond to price and not TA. TA is great as a tool, but price always trumps squiggly lines and price is ultimately my master.

   1. Dan,

      Thanks for your feedback.

      I always thought that market action a.k.a. prices was all about TA (technical analysis).

      All the best,
      Adam

10. It seems to me we have a combination of traders and investors here. The difference is basically the time line on the chart they look at. Minutes, hours, days months year. If you are nimble enough, good luck with the short term trading.

    What has been amazing to me has been the ability of the dollar to rebound. I guess no satisfactory alternative has been found YET. When an alternative is found, I want everything in PMs until things smooth out.

    PMs wont be "done" until the dollar crisis has been resolved. That's my guess.

11. Looks to me like a breather in Gold. Maybe to 1320 ish. USD is rising. Just for a little while. Banks look like they want to move up. Thoughts?

12. I am buying Copper! The real stuff!

13. Bond market is DEAD and US Dollar has been a Zombie for sometime, so give me one good reason why we should seel our gold and silver other than the paper profit? The Jig is Up, get it?

14. "This short-term trade produced a profit of $15.49 an ounce."

    But no mention of the size of the loss on the many occasions of losses. For consistency go back and list all those losses.

15. Gold and Silver may take some dips now and then (short term) but the med term and long term is still up. With all the $ the Fed is printing (QE3 ???) its just a matter of time before Gold and Silver break out to new highs.

16. Agreed, but why you hold any amount, after you have your profit? seem to me you holding dead money. You could back later, after you have taken a profit some else in the meantime?

17. Top callers are all out and about! I have to hand it to them they are consistently WRONG!

    Put your money where your mouth is, short this sucker!

18. and how many times have we heard gold is done?

19. I M one happy clam, went short at high noon yesterday, betting the ranch on silver and gold. 80% ZSL and 20% DZZ. Never saw adams presentation as i rely on my own work and charting, I toke a terrible beating in the beginning of the year, wiped out on my short in Gold and silver i missed a great rally. I was determined to catch them on the down side. Lookin to be walking in tall cotton this week. Luck to all! "THANK YOU VERY MUCH" will be shopping at K-Mart, in the ole record department tonite ! ELIVIS

20. It's true, it's hard to lose money long gold - if you're long for long enough. However, it does go down, and if you bought high recently, it's a good time (past time, actually) to exit and wait for the bottom of the dip, get back in for the next zoom -- the 1 year or 6 mo chart shows the recent pattern repeating, this would be the third flirt with the MA (at ino.com). If the pattern repeats....it will zoom again soon enough.

    However, you can gain nominal bucks but lose actual buying power when other things go up faster than gold. It can be phrased as a philosophy question, to be sure.
    If you never sell, what's the point? You can't spend the money till you take it back out, nor can you invest it in something going up quicker.

    As Adam pointed out to someone pointing out 300% gains in gold over a certain period -- AAPL did 1000% over the same time. No, I'm not going to tell anyone to go long apple at this point -- the time is the time, and it's not now.

    Which is what Market club does -- they tell time for you. You choose the equity, future, option, whatever -- they say when, and they do a nice job of that.

    1 Oz gold barely buys you a genuine Colt Peacemaker today (not one in great condition). Back in cowboy times, you got the gun (new), the bath, the night on the town with a working girl, and a nice new suit to wear....it's a store of wealth. You only create wealth with it when it's going up due to fear and inflation quicker than something else. Or if you can arrange enough leverage and you're never wrong....good luck with that.

    No one is never wrong.

    But I can't see a (negative) issue with selling at peaks and buying in dips with gold (or anything else trending up) -- I don't see your problem here -- why is it not better to preserve your stake at tops, and be able to buy even more at the next bottom (soon, probably)? I just can't see any point holding while something is going down. This one doesn't move that quick, it's easy to get back in on the turns.

    You never make money until you sell, and have the money, rather than some bits in a computer somewhere. No one ever got broke banking their profits.
    You might miss some upside -- but you might miss some downside and the ticker is the truth, you can't argue (well you can but you don't win) fighting the ticker.

    You might also notice that the alert was for "short term" traders. You obviously aren't one, so you should read to the end of the 2nd sentence for advice for you.

    Me, I'm midterm, took some off the table, when when the next buy comes along, I'll put it back -- and get more shares than I had before (with the same money, because they'll cost less then), and more gain than a long term holder gets, because I skip the dips.

21. Gold is done. This is a key reversal, which is now confirmed, and it portends a vicious down move over the next few weeks. This is gonna get really ugly.

22. I never lost money when going long in gold.After every dip we experience a higher price.All u need is to hang a print out of the monthly chart for the last 10 years.

23. chutiya bana raha hai gandiye..... very good....

24. red weekly seems overdue, hedging my physical w/ march 135 puts

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