tag:blogger.com,1999:blog-7179384084412903332.post2394109272162773652..comments2023-07-14T07:39:33.346-07:00Comments on Gold Scents: 1-2-3 REVERSALToby Connorhttp://www.blogger.com/profile/07774977275885524428noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-7179384084412903332.post-1039063444679123882011-02-11T22:45:25.437-08:002011-02-11T22:45:25.437-08:00Dolev Reuven Gilmore,
You are so right about ...Dolev Reuven Gilmore,<br /> You are so right about not selling your core postion. Nobody knows where it goes.Montyhttps://www.blogger.com/profile/04208974431161689537noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-88681853461908264312011-02-11T01:14:25.755-08:002011-02-11T01:14:25.755-08:00Monty,
NEVER sell your core position in silver. At...Monty,<br />NEVER sell your core position in silver. At some point you will see the train leave the station without you.Dolev Reuven Gilmorehttps://www.blogger.com/profile/01824155992373439684noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-80622744200809240582011-02-10T21:57:30.297-08:002011-02-10T21:57:30.297-08:00@Gary
that is great news being transparent.
@Noah...@Gary<br />that is great news being transparent.<br /><br />@Noah<br />being objective does not mean trouble.<br />You do your trades and I do mine. That easy.<br /><br />I am mostly out of precious metal sector since December and await a better entry at lower prices.<br /><br />If you have noticed the other day, I turned bearish at 1320 in S&P500 unlike others did back in October.<br /><br />Enjoy your profitable trades when we speak/read of each other in the near futureMr.Doubthttps://www.blogger.com/profile/01960126960909247656noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-29866363949220144062011-02-10T21:19:33.559-08:002011-02-10T21:19:33.559-08:00Stop causing trouble Mr. Doubt! I'm here becau...Stop causing trouble Mr. Doubt! I'm here because Toby aka Gary's been right on a whole heck of a lot here. Although he does not believe too much in theory that precious metals are manipulated, that's ok. He's a gold bull through and through and you best listen to him. As far as I go, I'm going to say that the lows are in for the year here and I think Toby is on the right track here with this 1 2 3 reversal thing a magiger here. Now, we're all gonna stay sarcastically long on everything gold and keep watching this movie here. So sit down, get your popcorn ready, and hold onto your gold & silver very, very tightly.noahhttps://www.blogger.com/profile/05568699600542523083noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-48829926554526423782011-02-10T20:28:14.762-08:002011-02-10T20:28:14.762-08:00Of course. I always post any trades I make in real...Of course. I always post any trades I make in real time.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-40491758750773471232011-02-10T20:25:16.098-08:002011-02-10T20:25:16.098-08:00Gary,
does your subscription includes your transpa...Gary,<br />does your subscription includes your transparent entering and exiting of trades?Mr.Doubthttps://www.blogger.com/profile/01960126960909247656noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-47714805642253664172011-02-10T19:55:38.086-08:002011-02-10T19:55:38.086-08:00Why would one enter on Monday. We entered back on ...Why would one enter on Monday. We entered back on the 31st when the swing low was formed.<br /><br />There is a lot more to this than just listening to a weekend interview and then deciding to jump in with no other information than that.<br /><br />I locked up some decent profits today and now I'm waiting to see how this plays out. <br /><br />The miners are not acting right and look like they might be breaking down out of a bear flag. If that's the case then gold likely has one more leg down before this intermediate decline is completely finished.<br /><br />So for now I'm waiting with just a small core position until I either see the HUI recover and make a higher high or gold drops down into one last leg down.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-85292842432866998882011-02-10T19:46:32.464-08:002011-02-10T19:46:32.464-08:00G J
if the webinar was so bullish on Sunday and yo...G J<br />if the webinar was so bullish on Sunday and you would have entered on Monday, your PM Stocks are down today.<br />After few days of selling in PM stocks all of a sudden the view is changing and doubtful by Gary himself it seems.<br />To enter any medium term trade or long term trade would require a bullish set up in weekly and monthly chart. Both parameters are not given.Mr.Doubthttps://www.blogger.com/profile/01960126960909247656noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-87724249318336015972011-02-10T19:28:51.014-08:002011-02-10T19:28:51.014-08:00Ivan,
changing views every few days or being beari...Ivan,<br />changing views every few days or being bearish too early without a clear signal is limiting the upside potential of any investment.<br />December gave a clear signal for Precious Metals to get out and there is no signal to buy at all.<br /><br />If one thinks that S&P500 will go down and is showing a chart with a potential June low, how would that effect commodity stocks?<br /><br />To assume that Gold or SIlver or Precious Metal stocks go up and offer 2 options up or down is plain confusion.<br /><br />At current levels there are no buy signals and drawing a chart with lines of theoretical outcome has no basics. The right side of any chart is blank !<br /><br />If Gary would consider stepping aside from his cycle views and have a closer look at the tape and signals, he would notice that the MACD is showing weakness below zero. The weekly chart has not turned slightly positive at all.<br /><br />The only reason Gold may rise if S&P500 would rise further. A decline in S&P500 will not initiate any rally in Gold or Silver. Rather a sudden sell off. <br /><br />Gary assumes Gold will not make a lower low. Gold at 1360 level and only 50 USD ( 4% ) away from that low makes the assumption doubtful.<br /><br />It would take only a drop of 3-4% in S&P500 to let Gold fall below last low. Do your math ;-)Mr.Doubthttps://www.blogger.com/profile/01960126960909247656noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-54032559286676402262011-02-10T18:20:29.698-08:002011-02-10T18:20:29.698-08:00Don't get me wrong I still think we have one m...Don't get me wrong I still think we have one more leg up in this C-wave. <br />But I don't like what I saw today especially the selling pressure in the mining stocks, especially with gold only down $4 from the recent high.<br /><br />Miners should not be selling that hard with gold only down $4.<br /><br />This definitely opens the door for possibly one more leg down in gold. I don't expect it would be terribly damaging. Maybe just to $1290ish. <br /><br />But I still don't want to ride that back down if it can be avoided. So I want to see the poor action today corrected before I go further. Once the HUI makes a higher high we will then have a new pattern of higher highs and higher lows. <br /><br />That's what I want to see. Either that or gold pushes down into one more lower low at which point I would enter with leverage.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-31243556952705306042011-02-10T18:16:26.230-08:002011-02-10T18:16:26.230-08:00Since I am not a subscriber at the present time, I...Since I am not a subscriber at the present time, I am glad to see this timely post. I just sold my small core position in silver thinking to buy it back and add onto it with just this type of set-up. <br /> Thanks again Gary for sharing your knowledge with us non-subs out here. Always good to hear what you have to say.Montyhttps://www.blogger.com/profile/04208974431161689537noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-77168789105979085382011-02-10T18:13:52.261-08:002011-02-10T18:13:52.261-08:00Gary, Jolting how your view can change. I get it, ...Gary, Jolting how your view can change. I get it, you need to turn on dime. However , the rest of us mortals can feel a bit dazed and confused. It's like Sunday's webinar was so bullish, today so cognisant of potential bear. Did not hear that Sunday.G Jhttps://www.blogger.com/profile/12807733338553800977noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-82685230033597867402011-02-10T11:00:06.101-08:002011-02-10T11:00:06.101-08:00Toby, if what's happening in Egypt presently c...Toby, if what's happening in Egypt presently continues, those who claim that this revolt is like the fall of the Berlin wall c/b right. How did Gold & Silver perform back then, I wasn't privy to those statistics back then,SageNotSpeaks!https://www.blogger.com/profile/17807356846319179645noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-59066842591388078592011-02-10T09:19:52.441-08:002011-02-10T09:19:52.441-08:00Mr. Doubt,
Gary show's us possible ways of dev...Mr. Doubt,<br />Gary show's us possible ways of development in the market.<br />There is not only one way to go,so we should be ready for any case that may hapen.Ivanhttps://www.blogger.com/profile/07134476449851433643noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-9148983355023252032011-02-10T04:44:16.226-08:002011-02-10T04:44:16.226-08:00"While I don't think gold is likely to he..."While I don't think gold is likely to head back down and make a lower low I'm going to lay out a simple strategy to protect against getting caught in case it does."<br /><br />Sheez just plain English. Not really that hard to understand.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-21119528100438427912011-02-10T04:09:02.088-08:002011-02-10T04:09:02.088-08:00Another chart with another outcome :-)
Just 4 days...Another chart with another outcome :-)<br />Just 4 days ago your chart looked different.<br /><br />Well, perhaps I shall remind you that Gold and Silver correct together with S&P500. If you would draw some trend lines in monthly chart of Silver you might notice something.<br /><br />Hope your investment does not change as often as your viewsMr.Doubthttps://www.blogger.com/profile/01960126960909247656noreply@blogger.com