Good Luck Gary....Gold has a lot of resistance to push above between $1277....92..."95" and heavy @ $1300......lets put to test those US bankers that stated gold would not close above $1300 again....the Middle East war drums are providing some push.....jjGDX first resistance is currently @ $24.00 then $25.94GDXJ resistance is at the trend line off the Aug 2013 highs and March 17th highs @ $42.00 a close above would be very bullishSIL resistance @ $12.90 and $14.30 again the trend line of Aug-March highsSLV resistance at $19.45
GDX held back at $24.00GDXJ advance being held back at $39.71..for 3 daysSIL held back at $12.90 resistanceSLV held back at $18.95 ..for 2 days All the above need to close above recent resistance to fight off the Bears or Gold's going to continue trading between $1240 and $1285 = 50DMAIts pause and push higher or pause and puke time!.......jj
Gary, your timing has been excellent the last year or so. You have called the tops as well as the bottoms. You get bearish at tops and bullish at bottoms. The exact opposite of Dan Norcini and the other so called experts. If I was around a computer all day I would definitely subscribe to your services. So far you and Edelson are the only ones to call the bottom in the last few weeks. Edelson got it perfect with his JNUG and IAG buys at the exact bottom. Congrats. I may subscribe to your daily and weekly reports but wish I could do your $1000 active trading one.
Norcini "never" gives trading advice, he is the BEST regarding understanding the daily actions.
Norcini is bearish at bottoms and bullish at tops. He is nothing but a cult leader. Tits on a bull.
To understand Norcini one must have some intelligence, obviously your missing the requirements.
Mike,Anyone is welcome to join the Quest late you just have to abide by our entry and exit for the guarantee. Since we are already up 50% you would be starting at a disadvantage. So if our control trade does 100% or more then it would satisfy the terms of the guarantee. But one who enters late would obviously not have the same results we do. Obviously I can't guarantee someone who didn't place their quest trade at the same time as us.If you still want to join late send me an email. email@example.com
Thanks for the reply, Gary. I would join Quest if I was around a computer during the day. I wouldn't be able to follow your trades. I will probably join up with your daily and weekly reports.
Dating back to around October 2012 there is a long down trend on the price of gold that looks like around $1325 as a resistance level for this daily cycle. Any thoughts on whether gold can achieve this price level in the next week or two?
Gold officially broke through its intermediate trend line this morning. That being said I expect it will take a few days to get through this resistance at 1280ish. Gold probably won't go through there until after the FOMC meeting.
I'm counting days on the /ES daily cycle and getting a count of something around 44, with a trend line that come under the current market price of $1925 of about $1910 or so. Would it be reasonable to assume the S&P trades lower sometime soon to break that trend line before resuming a new daily cycle?
A break of that trend line is required to confirm a daily cycle low. Whether or not the market can correct in spite of Fed intervention remains to be seen. These aren't natural markets anymore.
Note: Only a member of this blog may post a comment.