MARY4MONEY
806 posts
msg #83523
- Ignore MARY4MONEY
modified |
11/27/2009 7:34:23 AM
i warned them that gold was dead top and the dollar was dead bottom earlier this week-you see my monthly rsi-2 predicts the future like clock work--dumb sheep were within 3% of the dead top 23-Nov-09 01:48 pm last top at 1000 was at 98.9% on the monthly rsi-2 the most accurate indicator there is period- at todays high we were at 98.77% top of lr is near 1200http://one.realtimestockquote.com/neocha... -------------were at dead bottom of the dollar also 23-Nov-09 12:39 pm we have a botom on the dollar-uup-if you look it has formed a double bottom-- last time it hit 75 the monthly rsi-2 was at 1.3%- right now its at 1.2%--and when it went to 89 at the market bottom- it went to 99%--http://one.realtimestockquote.com/neocha ----------------at the massive call buying on uup 23-Nov-09 01:10 pm Date Call IO Put IO
11/23 496,210 56,883 ----------------------------when i told them on monday that the gold market was within 3% of its top- it was at 1140- its high on wed was 1166.80-thts 2.5% i was off only 0.5%
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karennma
8,057 posts
msg #83525
- Ignore karennma |
11/27/2009 9:05:32 AM
M4M:
I read the GLD Yahoo thread all the time.
I missed your post.
I've been eyeing GRS, but my indicators showed Gold overbought.
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Kevin_in_GA
4,599 posts
msg #83529
- Ignore Kevin_in_GA |
11/27/2009 10:56:08 AM
Provide a link to your post?
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karennma
8,057 posts
msg #83531
- Ignore karennma |
11/27/2009 11:15:06 AM
Kevin:
Look @ GLD, SLV and GRS now.
This "dip" this morning was just that ... a buying opportunity.
I believe there are HUGE opportunities in gold n' silver right now.
Especially silver, which is still very cheap.
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Kevin_in_GA
4,599 posts
msg #83532
- Ignore Kevin_in_GA |
11/27/2009 11:20:12 AM
Great minds think alike. I got in on UGL, AGQ, MOO, GDX, and DBA this morning - not at the lows, but I'm still up about 1.6% right now.
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johnpaulca
12,036 posts
msg #83533
- Ignore johnpaulca |
11/27/2009 11:43:56 AM
We should see a short covering rally on the dollar between now and the 14th Dec. this will impact gold prices.
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karennma
8,057 posts
msg #83535
- Ignore karennma |
11/27/2009 12:02:37 PM
JP:
Short covering rally on USD$$ means metals will go DOWN MORE.
Dontcha think?
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johnpaulca
12,036 posts
msg #83536
- Ignore johnpaulca |
11/27/2009 12:03:48 PM
Yup.
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Kevin_in_GA
4,599 posts
msg #83538
- Ignore Kevin_in_GA |
11/27/2009 12:10:03 PM
These are opportunistic trades, although I think that the dollar will remain in a downtrend through the end of this year - too much riding on the economic recovery for the Government to let it tank during Christmas.
The Dubai thing is temporary, but it created a great opportunity to get in to commodities cheaply. People bought dollars on a panic yesterday, but that does not change the overall trend for the dollar, which is DOWN. Look at the CRB index chart to see where things are heading.
If the dollar rallies, I'll add to these positions.
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karennma
8,057 posts
msg #83540
- Ignore karennma |
11/27/2009 12:21:19 PM
I'm HOPING the USD$$ rallies.
I'd love to get some mining stocks cheap.
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