tag:blogger.com,1999:blog-7179384084412903332.post6600170082839331803..comments2023-07-14T07:39:33.346-07:00Comments on Gold Scents: THE GREATEST BULL MARKET ANY OF US WILL EVER SEEToby Connorhttp://www.blogger.com/profile/07774977275885524428noreply@blogger.comBlogger36125tag:blogger.com,1999:blog-7179384084412903332.post-46478858625973425912010-08-06T09:11:22.103-07:002010-08-06T09:11:22.103-07:00Got 1194 for swing, now above 1204.50 for higher h...Got 1194 for swing, now above 1204.50 for higher high - great calls, Toby!KevinBnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-44642999289787602932010-08-05T11:50:23.397-07:002010-08-05T11:50:23.397-07:00Yes I put out a daily report. www.smartmoneytracke...Yes I put out a daily report. www.smartmoneytrackerpremium.net<br /><br />There are several free reports you can browse. <br /><br />If you scroll down a bit on the home page of the blog you will see 3 choices. Yearly, 6 month or monthly.<br /><br />I'm just offering a discount on the yearly rate for two more days.Tobynoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-81312232221404919512010-08-05T11:43:48.051-07:002010-08-05T11:43:48.051-07:00You definitely do stick to your convictions on sen...You definitely do stick to your convictions on sentiment along with cycle timing. Thx for that answer...(I still fear the rising wedge W/ Low Volume..haha..been burned along before)BUT...I like your commentary and will watch the outcome... Does your subscription include daily commentary updates?? And is a 1 yr your minimun subscription? I clicked on your "here' tab and only saw a 1 yr. thxAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-84042761909016612162010-08-05T11:21:12.790-07:002010-08-05T11:21:12.790-07:00I've never put any faith in these "wedge&...I've never put any faith in these "wedge" patterns. Mostly because people seem to be able to manufacture one out of any chart.<br /><br />To me it just looks like the market is moving higher through resistance levels followed by short consolidations. <br /><br />I take sentiment a lot more seriously than I do chart patterns. And no bear market rally has ended before sentiment turned bullish. We are still a long way from that happening.<br /><br />I certainly wouldn't suggest someone short this market based on an obscure wedge pattern.Tobynoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-12684004150634592672010-08-05T11:14:13.791-07:002010-08-05T11:14:13.791-07:00Toby, looking at your spx chart i would have agree...Toby, looking at your spx chart i would have agreed then, but as of now the SPX chart ( & DJIA ,NDX,etc) show a rising wedge with falling volume and stochastics...these usually crash. With tomorrows jobs report ,dollar at 80.50 possibly turning up,etc maybe this cycle ends a lot shorter that the reg 8+ wks you thought?? or just a pullback due along the way?? thxAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-49309245664487203722010-08-05T09:22:48.523-07:002010-08-05T09:22:48.523-07:00The printing might stop not because the Fed wants ...The printing might stop not because the Fed wants to stop but rather it will be forced to. But I guess this is highly unlikely.<br /><br />In the meantime, will continue to stay with the gold bull.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-66736518334131199332010-08-05T09:20:28.270-07:002010-08-05T09:20:28.270-07:00One can always find reasons to doubt the bull. I g...One can always find reasons to doubt the bull. I guarantee one will even be abe to do it when gold is over $3000. ...Or you can quit making nonsense excuses and just ride the bull.Tobynoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-55661900266550185262010-08-05T09:17:42.072-07:002010-08-05T09:17:42.072-07:00This comment has been removed by the author.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-64079494733459120202010-08-05T09:08:11.650-07:002010-08-05T09:08:11.650-07:00Will Ben quit printing? Does the phrase "not ...Will Ben quit printing? Does the phrase "not a snowballs chance in hell" give you a clue?<br /><br />The Fed has been trying to turn the business cycle for 10 years with the printing press. To giveup now would mean they would have to admit they were completely wrong and they caused all the problems.<br /><br />I don't really see much chance of that happening, do you?Tobynoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-34476987926420830032010-08-05T08:47:38.632-07:002010-08-05T08:47:38.632-07:00Hi Toby,
I have long term core holdings in precio...Hi Toby,<br /><br />I have long term core holdings in precious metals for precisely all the reasons you talked about.<br /><br />I still have a nagging issue though about the downside risk to gold. We are assuming that the gold bull exists because of Bernanke and his printing press.<br /><br />I am new to your blog so please bear with me if I am asking a question which you may have already addressed before.<br /><br />If suppose Bernanke stops the printing because of political pressures especially with the Nov elections looming. <br /><br />What is the likelihood of this happening?<br /><br />And if it does happen, will it impact the bull market in gold? Would it signal the moment to exit gold?<br /><br />Many thanks in advance.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-52766520515119907332010-08-04T16:03:40.631-07:002010-08-04T16:03:40.631-07:00I only can agree with you.
We are almost on same ...I only can agree with you.<br /><br />We are almost on same page, man....<br /><br />http://smartmoneyvolume.blogspot.com/2010/08/manifested-bull-effect.htmlsaladhttps://www.blogger.com/profile/05694592031978039092noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-18130120184814269982010-08-04T06:30:01.000-07:002010-08-04T06:30:01.000-07:00Reminder...when the gold stocks catch a bid and re...Reminder...when the gold stocks catch a bid and really get moving, it doesnt take much liquidity to get them moving , FAST! The gold etf sdiverting $$ from miners doesnt fit Tony's explaination in this post on HUI and GDX charts...which looks right on. Just look at charts of IAG , EGO , and CDE...they CONSOLIDATE from $14 to $19. Imagine when they catch fire! Keep up the good work Toby...your conviction vs. Rosen is solid. RobertAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-48114310404214306462010-08-04T05:02:05.463-07:002010-08-04T05:02:05.463-07:00NonsenseNonsenseTobynoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-50151816709389356522010-08-04T04:45:27.213-07:002010-08-04T04:45:27.213-07:00Toby,
What do you think about the opinion that gl...Toby,<br /><br />What do you think about the opinion that gld etf may have divierted all money from gold miners and they may not benifit as they should have otherwise.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-16425017803757682322010-08-04T04:40:26.016-07:002010-08-04T04:40:26.016-07:00Toby,
You use bullish/bearish sentiments as one o...Toby,<br /><br />You use bullish/bearish sentiments as one of the signals in looking for tops and bottoms. <br /><br />Which indicators do you use specifically? COT?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-58773764994790368962010-08-04T04:38:55.152-07:002010-08-04T04:38:55.152-07:00I think Rosen can't see the future any better ...I think Rosen can't see the future any better than anyone else. Apparently worse than most.<br /><br />Pure nonsense. Just ignore it.Tobynoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-89823343676563442002010-08-04T04:36:46.608-07:002010-08-04T04:36:46.608-07:00Toby,
whats your opinion on ronald rosen predicti...Toby,<br /><br />whats your opinion on ronald rosen prediction(he has been predicting the same dramatic decline from august 09)<br /><br />What do you think about the opinion that gld etf may have divierted all money from gold miners and they may not benifit as they should have otherwise.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-86882429961682311672010-08-03T21:31:36.416-07:002010-08-03T21:31:36.416-07:00Toby...right nxt to your article on Kitco is this ...Toby...right nxt to your article on Kitco is this one...<br /><br /><br />Gold and Silver Shares are About to Collapse! - by Ronald Rosen , Aug 3 2010 3:54PM<br /><br />may the best man win!! ( i hope its you, I am 80% invested)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-15787638570812874672010-08-03T08:32:26.057-07:002010-08-03T08:32:26.057-07:00Latest from the Great Rich Russell.
"To wind...Latest from the Great Rich Russell.<br /><br />"To wind it up, I don't care for the stock market's action, but I do like gold's action. Gold and cash, that's where I want to be. And I'd be happy if my subscribers would copy my position."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-91324429362346147302010-08-03T06:19:32.048-07:002010-08-03T06:19:32.048-07:00Well for me personally I don't buy into breako...Well for me personally I don't buy into breakouts. Invariably that strategy leads to draw downs. In bull markets a better strategy is to buy the dips.<br /><br />We get one of these dips about every 5-6 months. I don't like to waste them :)Tobynoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-10962667790114041882010-08-03T06:18:42.127-07:002010-08-03T06:18:42.127-07:00This comment has been removed by the author.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-12067569786817034652010-08-03T05:58:04.955-07:002010-08-03T05:58:04.955-07:00Toby,
I was looking at weekly charts and seeing ...Toby, <br /><br />I was looking at weekly charts and seeing a high around May 2006, then it didn't start a breakout again until August of 2007. Another top in March of 2008, then a decline into November of 2008 before the start of the big move. We just had another top in June of 2010...so unless that top gets taken out soon I wouldn't put NEW money in Gold. We have a potential double top in Gold, so I am cautious...but that is why you get paid the big money Toby.<br /><br />CheersAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-9623395208538021702010-08-03T05:42:42.105-07:002010-08-03T05:42:42.105-07:00Gold is already very deep into the timing band for...Gold is already very deep into the timing band for an intermediate bottom (26 weeks. 25 is usually about the limit) so I kind of doubt we will get one more push down but anything is possible.Tobynoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-36335019593878029042010-08-03T05:39:18.441-07:002010-08-03T05:39:18.441-07:00We also have just seen the dollar drop Mid June to...We also have just seen the dollar drop Mid June to now from 88 to todays very oversold 80.56, yet gold dropped with it mid june to now $1260 to $1160. Seems odd that Gold would run while the dollar bounces up, considering how big the dollar could bounce from here, BUT , I also believe that Gold hasnt finished the c-wave up. Has it bottomed its current leg down though? Maybe the dollar bounce here will bottom it near 1144 mid august? Does that fit extended cycle time??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7179384084412903332.post-8587952392828680542010-08-03T05:28:01.944-07:002010-08-03T05:28:01.944-07:00Well gold has been consolidating for 8 months. The...Well gold has been consolidating for 8 months. The bottom line is that sentiment is too depressed on gold to continue too much lower, and it is deep in the timing band for an intermediate bottom. <br /><br />Don't forget we are now heading into the strong demand season.<br /><br />All in all I would never risk being "out" at this point.<br /><br />Actually I only sell at C-wave tops and we just don't have that yet.Tobynoreply@blogger.com