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#181 farouk

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Posted 17 April 2014 - 10:29 AM

Call me when gold breaks through 1430 as that will be your cue...

 

Will definately call you.

Will also give you a call when my target is reached.


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#182 Zero Hedge

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Posted 17 April 2014 - 10:15 AM

Zero Hedge

I gave you a chart of GDX listed as an instrument in the US of A.

Do you know what the GDX is comprised of?

PS our Gold mines will be saved by the USD/ZAR.

Hence expect a big upside in the ZAR and the charts are confirming it.

Now if you have just one Gold Miners chart from the US of A that can prove Gold reaching $1,600 then produce it.

Remember everthing i said is based on charts.

Call me when gold breaks through 1430 as that will be your cue...


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#183 farouk

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Posted 17 April 2014 - 09:05 AM

Charts..take a look at the charts of all the gold miners...you do know that gold equities tend to lead the gold price at crucial turning points don't you?

 

Zero Hedge

I gave you a chart of GDX listed as an instrument in the US of A.

Do you know what the GDX is comprised of?

PS our Gold mines will be saved by the USD/ZAR.

Hence expect a big upside in the ZAR and the charts are confirming it.

Now if you have just one Gold Miners chart from the US of A that can prove Gold reaching $1,600 then produce it.

Remember everthing i said is based on charts.


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#184 Zero Hedge

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Posted 17 April 2014 - 07:36 AM

Hahaha now you make me laugh so much that i begin to fart.

Bring me your chart that proves that Gold will reach $1600 by Sep.

Charts..take a look at the charts of all the gold miners...you do know that gold equities tend to lead the gold price at crucial turning points don't you?


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#185 Zero Hedge

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Posted 17 April 2014 - 06:55 AM

Hahaha now you make me laugh so much that i begin to fart.

Bring me your chart that proves that Gold will reach $1600 by Sep.

I take it you are familair with the saying he who laughs last...


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#186 farouk

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Posted 16 April 2014 - 09:50 PM

Boet you're smoking too much pappegaai twak...the correction in gold from the Sep 2011 high is over...gold made a double bottom in Dec 2013...gold will be at 1600 by Sep 2014...I don't care about the current price because gold has to go to 1600

 

Hahaha now you make me laugh so much that i begin to fart.

Bring me your chart that proves that Gold will reach $1600 by Sep.


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#187 AJS

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Posted 16 April 2014 - 09:34 PM

Chart of GDX

attachicon.gifgdx flag.PNG

What you see in this chart is a drop from a bear flag and it is a simple A<B<C correction.

The measurement of A is from the high 28.03-23.27=4.76

B was the up move inside a bearish flag.

C will be your drop from inside your bearish flag.

25.34-4.76=20.58

Hence your C down should finish @20.58

1 GDX=+-54.6$$$

4.76x54.6=$259.89

The high $1331.10-$259.89=$1071.21

Note i gave a minimum  estimate of $1331.

Futher i have noticed from the chart that when GDX was 20.37 the price of Gold reached $1187.

My advise if the chart will play out accordingly then lock in half profits @$1200 and let the balance run its course with tight stops.

Happy trading

 

Thanks Farouk, appreciated!


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"Trade what you see, not what you think"

#188 farouk

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Posted 16 April 2014 - 09:19 PM

Chart of GDX

Attached File  gdx flag.PNG   35.78KB   28 downloads

What you see in this chart is a drop from a bear flag and it is a simple A<B<C correction.

The measurement of A is from the high 28.03-23.27=4.76

B was the up move inside a bearish flag.

C will be your drop from inside your bearish flag.

25.34-4.76=20.58

Hence your C down should finish @20.58

1 GDX=+-54.6$$$

4.76x54.6=$259.89

The high $1331.10-$259.89=$1071.21

Note i gave a minimum  estimate of $1331.

Futher i have noticed from the chart that when GDX was 20.37 the price of Gold reached $1187.

My advise if the chart will play out accordingly then lock in half profits @$1200 and let the balance run its course with tight stops.

Happy trading

 


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#189 Zero Hedge

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Posted 16 April 2014 - 08:48 PM

Gold bugs good news from my charts.
Presently Gold has a bottom target of $1130 minimum drop.
Stop loss $1331.
Presently trading @1301.
Excellent risk/reward.
Risking $30
Reward $172

Boet you're smoking too much pappegaai twak...the correction in gold from the Sep 2011 high is over...gold made a double bottom in Dec 2013...gold will be at 1600 by Sep 2014...I don't care about the current price because gold has to go to 1600
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#190 AJS

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Posted 16 April 2014 - 08:25 PM

Gold bugs good news from my charts.

Presently Gold has a bottom target of $1130 minimum drop.

Stop loss $1331.

Presently trading @1301.

Excellent risk/reward.

Risking $30

Reward $172

 

Sorry Farouk, I presume this is a pure technical play?  When you have time, do you mind maybe sharing a gold chart or two, please?

 

Thanks in advance.


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"Trade what you see, not what you think"

#191 farouk

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Posted 16 April 2014 - 08:08 PM

Gold bugs good news from my charts.

Presently Gold has a bottom target of $1130 minimum drop.

Stop loss $1331.

Presently trading @1301.

Excellent risk/reward.

Risking $30

Reward $172


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#192 farouk

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Posted 15 April 2014 - 10:05 AM

BUMP

 

One of the bricks answered you. I can remember the discussion very well.

It was $500-$700, not $800. And the timeline was 2 years. Original post: 25 April 2013.

 

On 25 April 2013 Farouk said:

 

"I have a target of $500/$700 in the next two years."

 

I agree with you that gold will go down some more, but the timeline was butchered by Ben.....

 

Recalling into my charts.

A head and shoulders on the GDX.

A head @66.98 neckline 38.98

A difference of 28 from neckline breach gives a bottom of +-11.

On october 2008 GDX made a low of 15.83 and Gold traded on that date @ $681.

Yes my call of $500 to $700 is based on above facts.Currently GDX is trading @ 24.52

She is well below her neckline of 38.98

So as long as that neckline is not breached that bottom figue of $500 to $700 is valid.

The charts are confirming what i said and i make my stand on the charts.No outside noise of China or Russia buying will change anything on the charts.

So far as time line is concerned the charts cannot tell you dates.

2 years was my personal opinion and i could be wrong because everything depends on the Fed or maybe some major event.

Remember when trading from charts your stop loss is very important.

On the above chart if neckline @ 38.98 is breached then and only then will Gold go to $10,000

Happy trading.

Farouk


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#193 JJBen

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Posted 14 April 2014 - 11:17 PM

BUMP

 

One of the bricks answered you. I can remember the discussion very well.

It was $500-$700, not $800. And the timeline was 2 years. Original post: 25 April 2013.

 

On 25 April 2013 Farouk said:

 

"I have a target of $500/$700 in the next two years."

 

I agree with you that gold will go down some more, but the timeline was butchered by Ben.....


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#194 farouk

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Posted 22 May 2013 - 07:24 PM

Chart of Helicopter Ben Newest Invention.

Attached File  money base.PNG   24.47KB   71 downloads

Ben will no doubt  go down in history books.

You can forget about recessions.

If they ever try to control the printing then prepare for the Greatest Depression of all times.


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#195 Beorn

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Posted 20 May 2013 - 09:12 AM

There is  your link Jakes.

A very important one.

http://www.ny.frb.or...n_schedule.html

 

Thanks. Very important indeed.


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Alsi future

 

I only post my views, not advice


#196 farouk

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Posted 20 May 2013 - 08:48 AM

There is  your link Jakes.

A very important one.

http://www.ny.frb.or...n_schedule.html

 

 

Where do you get info on when Fed buys treasuries and bonds?


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#197 Beorn

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Posted 17 May 2013 - 05:28 PM

John Williams(Fed)  says that QE will tamper off in the summer (next few months) and should be halted

by year end.Looks like John has got his shorts on.Well i guess if you looking for a top then this is good excuse.

Note tonight there is huge Fed treasury buy.Something in the region of $5 billion and that bucks has to go somewhere.

If the market do take John seriously and we have a downside then it could just be a bear trap.

Another thing to consider is Hellicopter Ben is speaking tomorrow and i think its futures expiration in US tonight.

I think its going to be a volatile weekend.

 

Where do you get info on when Fed buys treasuries and bonds?


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Alsi future

 

I only post my views, not advice


#198 farouk

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Posted 17 May 2013 - 10:24 AM

John Williams(Fed)  says that QE will tamper off in the summer (next few months) and should be halted

by year end.Looks like John has got his shorts on.Well i guess if you looking for a top then this is good excuse.

Note tonight there is huge Fed treasury buy.Something in the region of $5 billion and that bucks has to go somewhere.

If the market do take John seriously and we have a downside then it could just be a bear trap.

Another thing to consider is Hellicopter Ben is speaking tomorrow and i think its futures expiration in US tonight.

I think its going to be a volatile weekend.


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#199 farouk

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Posted 15 May 2013 - 10:40 AM

Margin debt from 2006 to 2013.

Attached File  margin.doc   70.5KB   17 downloads

 


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#200 farouk

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Posted 15 May 2013 - 10:02 AM

Chart of S&P from 2003 to 2013

Attached File  s&p 2003 to 2013.PNG   11.32KB   67 downloads

The index made a high of 1576 on October 2007(start of correction).

The index made a low of 666 on March 2009(end of correction).

On the next posting we look at margin debt statistics.


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