The Technical State of Gold
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- MachineGhost
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The Technical State of Gold
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[img width=1024]http://i57.tinypic.com/2a81fuf.png[/img]
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: The Technical State of Gold
Cool! A rave thread! I'll get the E and the foam machine.
Re: The Technical State of Gold
Haha, that sounds like it could be a great idea for an episode of Community. (By the way the raving dude is Dean Pelton from Community, and my avatar is Bill Murray from Life Aquatic).TennPaGa wrote: The rave guy looks like the younger and crazier brother of the dude in your avatar, Gosso.
Well back to the techno technical status of gold, I think the 120 level for GLD is critical resistance/support. If GLD breaks through 120 we will see a trend reversal, if not then this move higher has been a bull trap and we have much further to fall.
- MachineGhost
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Re: The Technical State of Gold
Bill Murray is da man!!! I put up that 120ish trendline (I am using futures) even though its not a significant one.
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Last edited by MachineGhost on Mon Dec 01, 2014 9:54 pm, edited 1 time in total.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
- MachineGhost
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- Posts: 10054
- Joined: Sat Nov 12, 2011 9:31 am
Re: The Technical State of Gold
My futures are delayed by one day. So did we break that short-term resistance yesteday, Tuesday the 2nd of December year of our lord 2014? Spot only inched up a wee bit.
[img width=1024]http://i62.tinypic.com/28wbpg.png[/img]
[img width=1024]http://i62.tinypic.com/28wbpg.png[/img]
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
- MachineGhost
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- Posts: 10054
- Joined: Sat Nov 12, 2011 9:31 am
Re: The Technical State of Gold
Here's spot. We are very very close to a bottom in gold according to my timing model. Maybe this month or next.
[img width=1024]http://i59.tinypic.com/14a8x2g.png[/img]
[img width=1024]http://i59.tinypic.com/14a8x2g.png[/img]
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
- buddtholomew
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Re: The Technical State of Gold
Reminds me of the world domination game 007 played where the loser would receive an electric shock.
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
- MachineGhost
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- Joined: Sat Nov 12, 2011 9:31 am
Re: The Technical State of Gold
Time for an update. Remember kiddies, a true bull market in gold does not exist until gold in all major currencies is hitting new highs. In order are USD spot, USD futures, Euro spot, Pound spot, long term Yen spot, short term Yen spot:
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[img width=1024]http://i57.tinypic.com/3499jyq.png[/img]
[img width=1024]http://i59.tinypic.com/10qh349.png[/img]
[img width=1024]http://i61.tinypic.com/11uw5mu.png[/img]
[img width=1024]http://i57.tinypic.com/6hnurl.png[/img]
[img width=1024]http://i57.tinypic.com/9ia2kj.png[/img]
[img width=1024]http://i58.tinypic.com/211k7k.png[/img]
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
- MachineGhost
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- Joined: Sat Nov 12, 2011 9:31 am
Re: The Technical State of Gold
Also, a monthly buy signal on the MACD. I don't use this for my timing model and have no idea how well it did historically.
[img width=1024]http://i57.tinypic.com/54mqx.png[/img]
[img width=1024]http://i57.tinypic.com/54mqx.png[/img]
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
- buddtholomew
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Re: The Technical State of Gold
...and I have no clue what you are posting about either.
Moving Average Convergence Divergence, blah, blah, blah
Moving Average Convergence Divergence, blah, blah, blah
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
- lordmetroid
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Re: The Technical State of Gold
LASER DISCO!
I'll stick to Harry's suggestion and keep buying everything once a year until I have accumulated enough.
I'll stick to Harry's suggestion and keep buying everything once a year until I have accumulated enough.
- MachineGhost
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- Posts: 10054
- Joined: Sat Nov 12, 2011 9:31 am
Re: The Technical State of Gold
Move along, its not for the "little people".buddtholomew wrote: ...and I have no clue what you are posting about either.
Moving Average Convergence Divergence, blah, blah, blah
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
- buddtholomew
- Executive Member
- Posts: 2464
- Joined: Fri May 21, 2010 4:16 pm
Re: The Technical State of Gold
You're right, its for the overly confident, morbidly obese. Carry on then.MachineGhost wrote:Move along, its not for the "little people".buddtholomew wrote: ...and I have no clue what you are posting about either.
Moving Average Convergence Divergence, blah, blah, blah
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.