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Fredsed
Super Contributor
Monday a.m. - $/Gold Daily Bollinger Band Top Key Resistance At $1418.40 RES 4: $1450.00 Psychological level RES 3: $1437.4/1439.4 Resistance line from Nov 18 & 3 Dec 2009 RES 2: $1424.00 Nov 9 record high RES 1: $1418.80 Daily Bollinger band top CURRENT LEVEL: $1412.4 SUP 1: $1400/1402 Psych level, Former 78.6% of $1424/1330 SUP 2: $1396.50/80 5-day moving average, Dec 1 high SUP 3: $1388.10 Former 61.8% Fibonacci of $1424/1330 SUP 4: $1381.2/1381.6 Nov 24 & 23 highs COMMENTARY: Daily studies are a little mixed with stochastics and RSI firmly bullish, whereas momentum study looks netural. Currently gold is capped by initial res, the daily Bollinger band top at $1418.80. Further res seen as the all-time high of Nov 9 at $1424, which traders must be eyeing as the next key level. Initial supp seen as the former 78.6% Fib of $1424/1330 at $1402 along with psychological $1400 level. R/$ - Following Euro weaker for now.
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60 REPLIES 60
Not applicable
Inside info from China contact...he is Good.Followed him since 2006.Really? Yup.( much Ooo and Aaaa from the gallery of the Interested[heh].)###HUGE Gold-move coming= Hard sell on Dollar ahead.So, fred...how are you playing your info ? SSFs?
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Fredsed
Super Contributor
Year of golden tiger until St Valentines. Then run like rabbit. My cfd order is waiting, won't you fill it for me?
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Not applicable
Got my 2000 cfd buy-order at 94.10...Low of the day? 94.20....Bats are currently flying out of my ears with induced exasperation.PLEASE come back GLD ? Please...be nice.It's Xmas.
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Russ
Super Contributor
Hope you get it,Vir.Gld looking pretty good.
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Russ; You going for some of that GLD-waltz yourself ? Maybe a nice gap-up Flagpole 20min open on the USA will clip it as the Rand strengthens a bit and those NY Bankers short at $1400.Nice to dream...I know.
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PaulC
Super Contributor
Vir, You ever use the gold shares or are you just a GLD animal? I ask cause I used to only play GLD but got annoyed with the rand dollar over the USD gold which was making GLD go sideways. ANG has been very kind to me this year.
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PaulC: Hi.Been a player on ANG before...but...the Nationalisation issues give me the willies.Hence GLD>> lower risk-profile.
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Fredsed
Super Contributor
Did someone order a correction? Tuesday, just before the US tax story reaction: Gold Forging Fresh Highs, Eyes Key $1450 Level; RES 4: $1487.10 Trendline from 10 Oct 2008; RES 3: $1465.20 Oct 14 resistance line; RES 2: $1450/1451.5 Psychological level, May 14 resistance line; RES 1: $1440.3/1443.6 Resistance line from 3 Dec 2009, Nov 18; CURRENT LEVEL: $1430.30; SUP 1: $1407.1/1410/1410.3 5-day moving average, Nov 10 & 8 highs; SUP 2: $1398/1400/1402 Nov 5 high, Psych level, Former 78.6% $1424/1330; SUP 3: $1394.20 Nov 4 high; SUP 4: $1388.10 Former 61.8% Fibonacci of $1424/1330; COMMENTARY: Gold (was) forging fresh highs despite RSI and momentum looking slightly neutral and all entering overbought territory. The daily Bollinger band (was) widening and gold (was) testing the limits of the band. Initial resistance (was) seen as the Dec 2009 and Nov 18 resistance lines at $1440.30 and $1443.60, respectively. Further resistance (was) seen as the $1450 psychological level and the May 14 resistance line at $1451.50. Some say Obama just took the highway to hell, we shall see.
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Yeah...OBama....O Bummer....O media-creation and Wall Street banker puppet.What a joker.###Anyway....looks like Bernanke is doing his best to appease the algorhythms of his Trading buddies at Goldman Sachs.Here comes QE3 ( he inferred in a recent interview.)GOLD is the greatest currency now....it's a beautiful thing.##GLD at R97 sets us up for a rocket-charge to R101.Only have my 2000 cfds'.Seen what Silver's doing ? Talk about burning Shorts,Mate ! They're being run like Bambi searching for her Mama.
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PaulC
Super Contributor
V: GLD should open at a nice level today. You going to add to your pos or does 2000 feel a comfy level? Im going to put a cheecky 9450 buy in methinks ...
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PaulC: Hi.Got another 2000 buy-order at R94.Saddle Up !
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PaulC
Super Contributor
Wow Im in 1500 @ 9450. Didnt expect it to be so easy. Next time more cheek!
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Nice one PaulC...just clipped me another 436 at R94.50 ## a 10% move on underlying sees a 23k snack sandwich on the cfds' when it hits R101.If I can get it, I certainly won't be sad.##And....now for my first Windhoek Lager of the day.Can't seem to drink any other SA beer no more(they smell like chemicals and stuff.)WINDHOEK >> Desert-tested.German-made.I like German products.Their Frauleins' are cool too.
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PaulC
Super Contributor
Its seems the GLD train is being boarded. Why is there no beer on my train. Damn this full time job :)
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...and 6 beers later (heh)...I blinked and bought a 1000 cfds at 94.50 With another Buy-order at R93.81 for 500.....feels good.Rupert the Red-nosed Reindeer gave me the wink-and-nod....## and if it drops to 92, I shall buy a last bunch.GLD always does the Gap-up as she stretches.Do it again Babe.You know I like ya.
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DEMAND and SUPPLY update.All noise removed.Point and Figure Chart $GOLD.New BULL signal just in at Close of 7 Dec...called an ASCENDING TRIPLE TOP BREAKOUT... and in easy parlance it means>>> "WHAT did you feed that BULL,mate ?" So, we just need to get through this mid-range jitter.( pretty normal with GLD.)....Grin and Bear it.Something Powerful is building.CHINA is going to nail that Dollar.They've had enough of the Bernanke Gobbledy-gook.QE2 ...QE3....You don't send a signal like that to US Treasury Holders with +$2 Trillion as supposed 'savings.".The Art of War by Sun Tzu is compulsory reading for all high Chinese Govt officials...Now watch them play.
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Maddog
Regular Contributor
I so miss Chartist's retorts to your posts
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heh...what do you think he would have said ? ## Aaa let me guess >>>'thine Omniscience-sssSSS is all-pervasive today.Who cares about China.Just trade the PRICE."...heh. Hi Chartist !
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Fredsed
Super Contributor
The 10 O'clock tester kids got to $1372. Those kids better be stopped from throwing these toys before $1340, or else the strap will be getting broken.
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