So, what happen to the 5-10 days down in gold as expected ? As we see it went the other way instead . Isn't it always that way ? Still coming or canceled ? bogi
As I discussed on the Korelin report this morning I think gold is going to stretch the cycle. http://www.kereport.com/2014/07/09/gold-continues-trade-freely/
The miners were telling us last night that the cycle was going to stretch and we went back in with full positions before the close yesterday.
So yes we just keep hitting the ball out of the park. :)
Gary, with a knee that kinda works or with a knee locked up in stitches - you are doing AWESOME!
And though there is not much glory in sitting still, I'm pleased with the way Claude Resources is performing lately (CRJ.TO).
Looks to me like SPX should be taking a tumble based on a trend line break of the daily TSI (7,4). But as you have mentioned in the premium report, this (stock) market is so rigged that elephants don't seem to fall after even a hundred gunshot wounds.
Have to wonder how much Israel and Gaza is affecting the SP as well? There was an awful lot on the BBC and Sky News last night about hundreds of rockets being fired into Israel, Israel firing back and/or blowing up buildings, 40,000 Israeli reserves being called up and the full army moving troops and tanks, etc.
First area of support is just under $99.00, crude dragging down $GNX and $CRB indexs below their support trend lines as well......jj
ReplyDeleteI know that this may sound a numpty question but how do you buy oil? I assume there is an ETF similar to GDX or GLD?
ReplyDeleteHey Bob, there are many Oil ETF's based out of London, google search will provide some great links.
DeleteGood luck.......jj
USO
ReplyDeleteSo, what happen to the 5-10 days down in gold as expected ? As we see it went the other way instead . Isn't it always that way ? Still coming or canceled ?
ReplyDeletebogi
As I discussed on the Korelin report this morning I think gold is going to stretch the cycle.
Deletehttp://www.kereport.com/2014/07/09/gold-continues-trade-freely/
The miners were telling us last night that the cycle was going to stretch and we went back in with full positions before the close yesterday.
So yes we just keep hitting the ball out of the park. :)
Gary, with a knee that kinda works or with a knee locked up in stitches - you are doing AWESOME!
ReplyDeleteAnd though there is not much glory in sitting still, I'm pleased with the way Claude Resources is performing
lately (CRJ.TO).
Looks to me like SPX should be taking a tumble based on a trend line break of the daily TSI (7,4). But as you have mentioned in the premium report, this (stock) market is so rigged that elephants don't seem to fall after even a hundred gunshot wounds.
Congrats on the absolutely sensational calls!!
Have to wonder how much Israel and Gaza is affecting the SP as well? There was an awful lot on the BBC and Sky News last night about hundreds of rockets being fired into Israel, Israel firing back and/or blowing up buildings, 40,000 Israeli reserves being called up and the full army moving troops and tanks, etc.
ReplyDeleteCrude oil prices dropped after a Libyan oilfield restarted.
ReplyDelete