Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

mohsinqureshii

Gold Bullish or Bearish

Recommended Posts

The trend is down, so I would stay short. Good trend following strategies have been short from 1,600 to 1,700 range. 1,425 is likely first place some systems will start covering. If this reverses, it won't happen very quickly. If you want to go long, be patient and wait for a good set up, such as a double bottom. Just my two cents

Share this post


Link to post
Share on other sites

For all the guyzz who are Bearish on Gold can remain bearish, atleast thats what HSBC is saying. The Investment bank this week further downgraded Gold upon the less than expected demand and predicting it'll end 2013 at a further 10% decrease in its price. 2013 may prove to be an all-bearish year for gold.

Share this post


Link to post
Share on other sites
For all the guyzz who are Bearish on Gold can remain bearish, atleast thats what HSBC is saying. The Investment bank this week further downgraded Gold upon the less than expected demand and predicting it'll end 2013 at a further 10% decrease in its price. 2013 may prove to be an all-bearish year for gold.
that is exactly what they want the sheeple to think. IMO one better hold to their gold stash if they have any as they are making haste to part all gold holders from their gold...ever wonder why?

Share this post


Link to post
Share on other sites
that is exactly what they want the sheeple to think. IMO one better hold to their gold stash if they have any as they are making haste to part all gold holders from their gold...ever wonder why?

 

The want to take the gold and melt it into guns to shoot unarmed civilians.

 

I think I am learning the way you think.

Share this post


Link to post
Share on other sites
The want to take the gold and melt it into guns to shoot unarmed civilians.

 

I think I am learning the way you think.

no they want to make golden golf clubs so self defence experts like you can be in style.

 

As regards the way i think i told Suntrader SOON the indices would plunge. They did shortly thereafter. As soon as the gold is in the correct hands the manipulation ends and PM will rise and mostly likely rise fast...just watch and see you little mouse :rofl: :rofl: :helloooo:

 

When that happens you better hope you have your golden golf clubs....

Share this post


Link to post
Share on other sites

I'm in a jolly mood..... I've got a plan.

I took my stock broker friend's cash on the golf course this morning.And he is a 2 handicap... good.

So he told me I was an idiot for looking at Astro trading ... Horses for courses...

 

Heres how I read the coming week.

Interest rates are rising and QE3 ending has spooked the big boys.

The sell off has started.........S & P down on Friday

Maybe even a crash on Tuesday/ Wednesday

 

And its FULL MOON .... markets weaken

So I will short my ALSI 40 and look for a 5 % drop. That applies to the DOW as well.

 

And if stocks fall , Gold will rise.

But the Gold trend is down so I will sit out next week unless the price can close above the short term MA.... thats about 1306.Thats for a quck BUY .. I remain a gold bear.

 

And to crown it all, Mercury goes retrograde on Wednesday.

Backup your computer ,fill your car with petrol and make sure all communications are clear.

Prepare for BAD times. Gold traders tighten stops .

regards

bobc

 

PS. Relax Patuca

Share this post


Link to post
Share on other sites
For all the guyzz who are Bearish on Gold can remain bearish, atleast thats what HSBC is saying. The Investment bank this week further downgraded Gold upon the less than expected demand and predicting it'll end 2013 at a further 10% decrease in its price. 2013 may prove to be an all-bearish year for gold.
tis called propaganda...or lead the sheeple down our path...or screw the sheeple..or we gotta have their gold so lets shake and bake....any above fit the senario...

 

Cap bob not sure i "see" the astro trading stuff...sounding kinda of like a thin veneer of ole WD?...

 

Mits could tell us if rotation is about to happen...where are't thou mits.. Did the rotation theory burn in the plunge or are thou simply on the sidelines ...waiting for the next rotation..or was the plunge " THE rotation"?

 

Db with his boxes could tell us where the next box is but he won't because he requires all to do their own research....

 

Mr horseshoe is probally busy furiously compiling stats..while Zdo is ..well zzz...zzz... As he observes the aftermath.

 

Taylor well..he is dead (probally)...and wind bag WHY? ran out of air and is desperately searching for his second wind..

 

Cap bob is busy buying horses...

 

Patuca..well ...few listen to him...less like..him...some may detest him...but HE DOESNT CARE..it all dust in the wind..

 

For a deeper understanding please listen to

 

[ame=http://m.youtube.com/watch?v=tH2w6Oxx0kQ&feature=relmfu]Kansas - Dust In The Wind - YouTube[/ame]

 

Thanks

Edited by Patuca

Share this post


Link to post
Share on other sites

I was being nice capt bob ....i told everyone the plunge was about to happen..none listened to me..and they could have profited..nicely....but instead they will have to settle eating at mcdonalds instead of the steak house...a used car instead of a new one......a boat with a paddle intead of one with a motor.

 

BTW was your horse a new one? :rofl:

 

I do not know what happened to mitsubishi. Did price rotate to hard for him?

 

Should i start charging for my predictions? Maybe folks would appreciate them more....

Share this post


Link to post
Share on other sites
I was being nice capt bob ....i told everyone the plunge was about to happen..none listened to me..and they could have profited..nicely....but instead they will have to settle eating at mcdonalds instead of the steak house...a used car instead of a new one......a boat with a paddle intead of one with a motor.

 

BTW was your horse a new one? :rofl:

 

I do not know what happened to mitsubishi. Did price rotate to hard for him?

 

Should i start charging for my predictions? Maybe folks would appreciate them more....

 

Hi Patuca

We were all short long before you told us about the plunge which I dont remember you ever telling us in the first place.

Now I have no Gold position ,:missy: so I would welcome your prediction,:confused: and if its a good prediction ,:roll eyes: and I make some money, then I will chip in for an engine for your cigerette boat;)

regards

bobc

Share this post


Link to post
Share on other sites
Hi Patuca

We were all short long before you told us about the plunge which I dont remember you ever telling us in the first place.

Now I have no Gold position ,:missy: so I would welcome your prediction,:confused: and if its a good prediction ,:roll eyes: and I make some money, then I will chip in for an engine for your cigerette boat;)

regards

bobc

 

1) post 493 and 506of this thread.

 

2) Also post 3 and 5 of the following thread made on 12 and 13 of june respectively

 

http://www.traderslaboratory.com/forums/candlestick-corner/16615-help-pattern.html#post181678

 

3) post 18 of this thread http://www.traderslaboratory.com/forums/trading-markets/16512-best-time-day-trade.html

 

4) I also made some new predictions today for QE and the future price of gold on this thread post #7 below.

 

http://www.traderslaboratory.com/forums/market-analysis/16697-will-gold-prices-double-five-years.html

Edited by Patuca

Share this post


Link to post
Share on other sites
I was being nice capt bob ....i told everyone the plunge was about to happen..none listened to me..and they could have profited..nicely....but instead they will have to settle eating at mcdonalds instead of the steak house...a used car instead of a new one......a boat with a paddle intead of one with a motor.

 

BTW was your horse a new one? :rofl:

 

I do not know what happened to mitsubishi. Did price rotate to hard for him?

 

Should i start charging for my predictions? Maybe folks would appreciate them more....

 

 

It is hard to pay for or listen to a prediction of a "plunge" in the S&P when the same person is calling for a rise in Gold when Gold has been falling steadily for the last 2 years and continues to fall.

 

The S&P did not "Plunge". it is down about 7% or so from an all time high. The Bull market in the S&P is very much intact and will likely go on to make higher highs before the end of 2013.

 

On the other hand, gold is in a really nice move down and decent profits can be made if you stay on the right side of it. The right side is short.

 

A failing of the majority is to constantly try to call a top or a bottom. A gross misinterpretation of buy low and sell high.

Share this post


Link to post
Share on other sites
It is hard to pay for or listen to a prediction of a "plunge" in the S&P when the same person is calling for a rise in Gold when Gold has been falling steadily for the last 2 years and continues to fall.

 

The S&P did not "Plunge". it is down about 7% or so from an all time high. The Bull market in the S&P is very much intact and will likely go on to make higher highs before the end of 2013.

 

On the other hand, gold is in a really nice move down and decent profits can be made if you stay on the right side of it. The right side is short.

 

A failing of the majority is to constantly try to call a top or a bottom. A gross misinterpretation of buy low and sell high.

i guess it depends on ones perspective. My prediction on the indices heading south was from a short term traders point of view. I would consider (from the time i made the prediction) an over 800 point drop in the dow and an aprox 96 point drop in the s&p a bit of a plunge from the short term perspective. Apparently the news does also...maybe you don't? This prediction was based on an expanding triangle pattern that indicated a mtr. While the slide south already qualifies as a plunge from the short term perspective it could play out alot more and even become a plunge from a long term perspective. The expanding triangle pattern certainly carries that implication also.

 

Gold on the other hand i was referring to from the long term perspective. While i consider it bullish, it is presently in a correction. Regardless of what the fed is presently feeding the public even if they stop Qe they will soon start it back up ...bigger...that is when gold will ome out of the correction and advance upward.

image.thumb.jpg.4241c2056e91a9a3ae4839ec78345344.jpg

Share this post


Link to post
Share on other sites

Sorry Patuca

I thought you were predicting a plunge in Gold. Now I read it was the S & P . :doh:

Have you finished with that S&P plunge?

All members.... do not short the S & P.

The Bond market has collapsed and the money has to go somewhere.

And the Bond market is 100 times (guess) bigger than the S & P, so thats a lot of money looking for a home.

And that will weaken GOLD.

Tomorrow the Lunar cycle starts turning positive.

Time to get back in ?????? :confused:

All those traders who stayed short in Gold ..... you are better traders than me.

I must pay attention, I must pay attention, I must pa...............................:crap:

regards

bobc

Share this post


Link to post
Share on other sites
Sorry Patuca

I thought you were predicting a plunge in Gold. Now I read it was the S & P . :doh:

Have you finished with that S&P plunge?

All members.... do not short the S & P.

The Bond market has collapsed and the money has to go somewhere.

And the Bond market is 100 times (guess) bigger than the S & P, so thats a lot of money looking for a home.

And that will weaken GOLD.

Tomorrow the Lunar cycle starts turning positive.

Time to get back in ?????? :confused:

All those traders who stayed short in Gold ..... you are better traders than me.

I must pay attention, I must pay attention, I must pa...............................:crap:

regards

bobc

much of it is going in the dollar

Share this post


Link to post
Share on other sites

Have you finished with that S&P plunge?

No... Odds favor the plunge to continue...if so i would be johnny on the spot shorting the index...do not understand solar and lunar cycles...etc...

 

PS folks should read my posts carefully..predictions can be hidden there:haha:

Share this post


Link to post
Share on other sites
i guess it depends on ones perspective. My prediction on the indices heading south was from a short term traders point of view. I would consider (from the time i made the prediction) an over 800 point drop in the dow and an aprox 96 point drop in the s&p a bit of a plunge from the short term perspective. Apparently the news does also...maybe you don't? This prediction was based on an expanding triangle pattern that indicated a mtr. While the slide south already qualifies as a plunge from the short term perspective it could play out alot more and even become a plunge from a long term perspective. The expanding triangle pattern certainly carries that implication also.

 

Gold on the other hand i was referring to from the long term perspective. While i consider it bullish, it is presently in a correction. Regardless of what the fed is presently feeding the public even if they stop Qe they will soon start it back up ...bigger...that is when gold will ome out of the correction and advance upward.

 

If you got long the S&P and were late to the party, then you took a loss or broke even. It was getting sort of crowded. If you were long from early in the year, you are fine. I don't make predictions, but i do think it is going to continue higher. We have a very rare scenario when you consider earnings, interest rates, and inflation. It is hard to make sense of a scenario where i rates are increasing, inflation is falling or stagnant, and earnings are stagnant or increasing. I suggest that it makes the most sense to buy dips and continue long in the S&P until the Bull Market ends. No sense in trying to call a top. I do not ascribe to any chart patterns, moon phases, etc. If you looked to the far left of the chart, you'd find plenty expanding triangles that failed. I can't trade expecting a triangle to form.

Share this post


Link to post
Share on other sites
If you got long the S&P and were late to the party, then you took a loss or broke even. It was getting sort of crowded. If you were long from early in the year, you are fine. I don't make predictions, but i do think it is going to continue higher. We have a very rare scenario when you consider earnings, interest rates, and inflation. It is hard to make sense of a scenario where i rates are increasing, inflation is falling or stagnant, and earnings are stagnant or increasing. I suggest that it makes the most sense to buy dips and continue long in the S&P until the Bull Market ends. No sense in trying to call a top. I do not ascribe to any chart patterns, moon phases, etc. If you looked to the far left of the chart, you'd find plenty expanding triangles that failed. I can't trade expecting a triangle to form.
i guess whatever floats your boat...i can show lots of charts patterns that work plenty enough to make money in the markets. You obviousley use at least one..trends:rofl: :rofl:

 

PS within a month or two we will know if the longer term bull run in indices is over...probabilities favor it to be over at least for a while...but i could be wrong...just saying, i think all things considered a further decline is probable. And imo opinion it was already a plunge from the short term perspective.

Share this post


Link to post
Share on other sites
i guess whatever floats your boat...i can show lots of charts patterns that work plenty enough to make money in the markets. You obviousley use at least one..trends:rofl: :rofl:

 

PS within a month or two we will know if the longer term bull run in indices is over...probabilities favor it to be over at least for a while...but i could be wrong...just saying, i think all things considered a further decline is probable. And imo opinion it was already a plunge from the short term perspective.

 

I would guess a gap fill. I won't bet it but I will guess it. Even if it fill the gap, is the bull over?

Share this post


Link to post
Share on other sites

Gold can't go lower :roll eyes: because

 

A) Big jewelry purchases in India

 

B) Fed keeps printing money

 

C) China is stashing their new wealth in bullion

 

D) Central banks everywhere are stocking up

 

E) Fiat money always loses in the end.

 

Someone forgot to tell all those that are selling.

 

1255 do I hear 1255, sold. 1254 do I hear 1254, sold. 1253 .... 1252 ....

Share this post


Link to post
Share on other sites

LOL you guys got it wrong. Imo it is a great time to buy physical gold..silver..price is great..value will probally soon (within next few months..probally within 6) start heading back up. Imo now is the time to buy...not a time for gloating..you bunch of gloaters LOL. Just remember every dog has its day...P.M., I think, will shine brightly not too long from now and you gloaters shall have a big stopper in your mouth and it will get real quiet on this thread. Except maybe ole Patuca he might just do a little gloating himself LOL...you shall see...you shall see...you shall see..:rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

 

All my b.s. opinion :cool:

Edited by Patuca

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • How's about other crypto exchanges? Are all they banned in your country or only Binance?
    • Be careful who you blame.   I can tell you one thing for sure.   Effective traders don’t blame others when things start to go wrong.   You can hang onto your tendency to play the victim, or the martyr… but if you want to achieve in trading, you have to be prepared to take responsibility.   People assign reasons to outcomes, whether based on internal or external factors.   When traders face losses, it's common for them to blame bad luck, poor advice, or other external factors, rather than reflecting on their own personal attributes like arrogance, fear, or greed.   This is a challenging lesson to grasp in your trading journey, but one that holds immense value.   This is called attribution theory. Taking responsibility for your actions is the key to improving your trading skills. Pause and ask yourself - What role did I play in my financial decisions?   After all, you were the one who listened to that source, and decided to act on that trade based on the rumour. Attributing results solely to external circumstances is what is known as having an ‘external locus of control’.   It's a concept coined by psychologist Julian Rotter in 1954. A trader with an external locus of control might say, "I made a profit because the markets are currently favourable."   Instead, strive to develop an "internal locus of control" and take ownership of your actions.   Assume that all trading results are within your realm of responsibility and actively seek ways to improve your own behaviour.   This is the fastest route to enhancing your trading abilities. A trader with an internal locus of control might proudly state, "My equity curve is rising because I am a disciplined trader who faithfully follows my trading plan." Author: Louise Bedford Source: https://www.tradinggame.com.au/
    • SELF IMPROVEMENT.   The whole self-help industry began when Dale Carnegie published How to Win Friends and Influence People in 1936. Then came other classics like Think And Grow Rich by Napoleon Hill, Awaken the Giant Within by Tony Robbins toward the end of the century.   Today, teaching people how to improve themselves is a business. A pure ruthless business where some people sell utter bullshit.   There are broke Instagrammers and YouTubers with literally no solid background teaching men how to be attractive to women, how to begin a start-up, how to become successful — most of these guys speaking nothing more than hollow motivational words and cliche stuff. They waste your time. Some of these people who present themselves as hugely successful also give talks and write books.   There are so many books on financial advice, self-improvement, love, etc and some people actually try to read them. They are a waste of time, mostly.   When you start reading a dozen books on finance you realize that they all say the same stuff.   You are not going to live forever in the learning phase. Don't procrastinate by reading bull-shit or the same good knowledge in 10 books. What we ought to do is choose wisely.   Yes. A good book can change your life, given you do what it asks you to do.   All the books I have named up to now are worthy of reading. Tim Ferriss, Simon Sinek, Robert Greene — these guys are worthy of reading. These guys teach what others don't. Their books are unique and actually, come from relevant and successful people.   When Richard Branson writes a book about entrepreneurship, go read it. Every line in that book is said by one of the greatest entrepreneurs of our time.   When a Chinese millionaire( he claims to be) Youtuber who releases a video titled “Why reading books keeps you broke” and a year later another one “My recommendation of books for grand success” you should be wise to tell him to jump from Victoria Falls.   These self-improvement gurus sell you delusions.   They say they have those little tricks that only they know that if you use, everything in your life will be perfect. Those little tricks. We are just “making of a to-do-list before sleeping” away from becoming the next Bill Gates.   There are no little tricks.   There is no success-mantra.   Self-improvement is a trap for 99% of the people. You can't do that unless you are very, very strong.   If you are looking for easy ways, you will only keep wasting your time forgetting that your time on this planet is limited, as alive humans that is.   Also, I feel that people who claim to read like a book a day or promote it are idiots. You retain nothing. When you do read a good book, you read slow, sometimes a whole paragraph, again and again, dwelling on it, trying to internalize its knowledge. You try to understand. You think. It takes time.   It's better to read a good book 10 times than 1000 stupid ones.   So be choosy. Read from the guys who actually know something, not some wannabe ‘influencers’.   Edit: Think And Grow Rich was written as a result of a project assigned to Napoleon Hill by Andrew Carnegie(the 2nd richest man in recent history). He was asked to study the most successful people on the planet and document which characteristics made them great. He did extensive work in studying hundreds of the most successful people of that time. The result was that little book.   Nowadays some people just study Instagram algorithms and think of themselves as a Dale Carnegie or Anthony Robbins. By Nupur Nishant, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.