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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (45199)6/29/2013 9:00:47 AM
From: gold$10k  Read Replies (1) | Respond to of 48092
 
The chart from your post that interests me the most is that of gold "Prepared by A.R." where A.R. has drawn the future subwaves iv and v (as well as the completion of subwave iii) in red. I believe that subwave iii completed yesterday at $1179.40. If subwaves iv and v are required as McHugh has stated emphatically and A.R. has implied, then the final low awaits... likely the end of July IMO. We'll see.




To: John Pitera who wrote (45199)6/29/2013 11:32:20 AM
From: Fintas2 Recommendations

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toccodolce

  Read Replies (1) | Respond to of 48092
 
HAS GOLD BOTTOM.. AS IN BOTTOMED?

Just a bit ago as Gold was banging off 1335 few could see 1220 gold let alone the high 1100's. WHY? they were convinced that bounce off 1335 would take us back to highs. NOPE.. JUST A BOUNCE

Now here we are taking out that 1220 to go lower and as as we did we put in a lower low for BP PM as it did it drove deep in Golds near term momentum. DOWN deep to allow it to bounce and recently pull back.

The previous low for that BP PM had been 6.95 and we pushed up to the 14's. As we did the near term momentum dropped to the 28 to then push jp to the 40's. NOW we sit in the low 30's with the sell off YET taking us lower in that BP PM to 5.87 and making a lower low.

So as many are now trying to pick the true bottom.

Well here's what I'm seeing.

YES GOLD is bouncing and the bounce will be decent!

But HAS GOLD BOTTOMED.

NOPE!!!!!!!!!

So where's the low? I suspect Gold PM will come under that 5.87 to the 4's or 3's. As it does it's momentum will drop to at least 28 or make a run to 20. (expect a bounce beforehand).

So for those who love to trade..... enjoy the BOUNCE UP.. This BOUNCE WILL BE CAPPED. PNFERS look at GOLD with 54/27/18 and you will see the area. Then look at it with 4.86/2.35/1.62. There's your BOUNCE

But where's the low? SMILE.. Some are saying under 1000. Some are saying just above 1000.

Some are saying we just saw it.

And I'm saying NOPE.. SORRY.

It's JUST A BOUNCE that WILL FAIL. JUST as the one from 1335 GOLD DID.

I will NOT be surprised to see 1270-1324 up or 1152 down.-1134.

IMHO

Fintas