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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Vendit™ who wrote (43119)1/4/2013 5:42:01 AM
From: GROUND ZERO™  Respond to of 221958
 
My model says that if Feb gold closes above 1632.60 on Thursday, January 10th, then that would confirm a new main model buy signal for gold... but, if gold closes below that price on that date, then gold will likely continue lower...

Again, it looks like time and price are coming together per my model, and gold this morning is now approaching my model's major downside VP for that market, the VP for Feb gold is 1632.60... so, we should see a bounce from that level soon... or else gold is toast...

GZ



To: Vendit™ who wrote (43119)1/4/2013 6:12:11 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 221958
 
I covered my short gold this morning and went long at 1630.00 on the button, I'm satisfied with the trade... very satisfied... gold is right now sitting at the major downside VP... we should see a bounce from here...

GZ



To: Vendit™ who wrote (43119)1/4/2013 9:55:36 AM
From: Keith Feral  Respond to of 221958
 
GLD is setting up a death cross, it could go another 10 or 20% to the downside. There will probably be some good trades if they slam it hard under $160 for a couple of weeks. Didn't like overpaying for GLD at $170, $160 doesn't seems like that much of a bargain right here.