everything is selling off is what i am seeing. to bad we are not
short indexes. also this could all happen on gold in a day or two
seems to go down than bounce up big. we could see it break the
lows. also depends on the dollar. market and gold will hit new
highs going into next year ..today its gloom and doom just
creates opportunity. check out larry williams latest on stockcharts
tv very interesting..
yes everything selling off, but I've overall been bearish on
gold well before this, weeks ago.
gold was 1.3X above it's 200 day MA 30% above it in early Aug.
That was very extreme and when I looked over the stats, every time
something like that happened you had a longer correction that took
price to the 200 day MA or below before it was bottomed. That's why
I didn't trust any bounce attempt the last couple months and
treated them as trade
i get it and i said a month ago i thought we test and break lows
but i also think we will see over 2000 when we get thru all this
BS. we will have to spend more helicopter money. i will be adding
to my IAU ans SLV . Didnt you say you working on a GLD system ? Be
great to follow that . other systems are working more on long side
but very well. plus u also hav a good sense on the mkt comes from
doing this all these years why i am in here ....
everything is selling off is
gold nice to see this sell off
Posted by RP on 28th of Oct 2020 at 11:14 am
everything is selling off is what i am seeing. to bad we are not short indexes. also this could all happen on gold in a day or two seems to go down than bounce up big. we could see it break the lows. also depends on the dollar. market and gold will hit new highs going into next year ..today its gloom and doom just creates opportunity. check out larry williams latest on stockcharts tv very interesting..
yes everything selling off, but
Posted by matt on 28th of Oct 2020 at 11:18 am
yes everything selling off, but I've overall been bearish on gold well before this, weeks ago.
gold was 1.3X above it's 200 day MA 30% above it in early Aug. That was very extreme and when I looked over the stats, every time something like that happened you had a longer correction that took price to the 200 day MA or below before it was bottomed. That's why I didn't trust any bounce attempt the last couple months and treated them as trade
i get it and i
Posted by RP on 28th of Oct 2020 at 11:24 am
i get it and i said a month ago i thought we test and break lows but i also think we will see over 2000 when we get thru all this BS. we will have to spend more helicopter money. i will be adding to my IAU ans SLV . Didnt you say you working on a GLD system ? Be great to follow that . other systems are working more on long side but very well. plus u also hav a good sense on the mkt comes from doing this all these years why i am in here ....
I haven't been working on
Posted by matt on 28th of Oct 2020 at 11:39 am
I haven't been working on a GLD system, I may one day. only have so much time to devote to things like that as you know.