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#101 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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#102 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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#103 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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#104 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


#105 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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#106 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


#107 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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#108 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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#109 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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#110 farouk

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Posted 15 May 2013 - 07:21 AM

Margin debt from 1998 to 2003 in million of Dollars.

Attached File  margin1.doc   57KB   14 downloads

 

After studying this statistics lets look at what happened in the correction of 2008.


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#111 farouk

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Posted 15 May 2013 - 07:11 AM

Chart of S&P 500

Attached File  spx 1996---2004.PNG   12.72KB   55 downloads

Note this chart is from 1996 to 2004.

The index made a high of 1535  on the 27/3/2000 (start of correction).

The index made a low of 768  on the 7/10/2002 (end of correction).

On the next posting i am going to show statistics on margin debt for this period.

Sorry could not put it in one posting.


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#112 Ninja

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Posted 13 May 2013 - 08:47 AM

  Tencent 269.70 -7.10 -2.57%
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#113 Ninja

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Posted 12 May 2013 - 05:54 PM

Not at all Plasma, in my opinion we are in the caution zone... we could easily reach that resistance line and who knows maybe even nudge slightly higher for a short while if at all. So the charts are really not for day traders or intra week traders. Rather a reminder to us of the bigger picture, and caution around expectations on new money going long at this late stage!! Don't be blind and fool ourselves by the bullish NOISE... rather remind ourselves where the EXIT is and be ready to get out the door in time. 


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#114 Plasma

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Posted 12 May 2013 - 04:55 PM

Some interesting charts attached


Do you see any technical reason that will prevent us from testing the resistance line and thus creating a triple top, Ninja?
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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.  :)


#115 Ninja

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Posted 12 May 2013 - 12:08 PM

now chart of Tencent in Hong Kong... the golden child of Naspers 

 

and a chart of Naspers

Attached Files


Edited by Ninja, 12 May 2013 - 12:09 PM.

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#116 Ninja

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Posted 12 May 2013 - 11:59 AM

Some interesting charts attached

Attached Files


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#117 farouk

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Posted 10 May 2013 - 07:44 PM

 Sorry guys i am having a problem downloading.

i am going to try again.


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#118 gamma

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Posted 10 May 2013 - 07:17 PM

Gold Bugs

This evening @ about 7.30pm i will post 2 charts on why my charts show

Gold falling to +-$500/$700.

The first chart i will post @ about 7.30 pm and this chart will be deleted

within 10 min.

The second chart will then be posted and will also be deleted within 10 min.

If you @ your screen then its your lucky day.Copy and save it so that you can study it later.

Note the chart is only for the lucky few.

 

 

I noticed you disappeared for a while Farouk but whats all this about now? you are going to post a chart and delete it in 10min? For the lucky few? Really??

:blink:

Sharechat is getting stranger by the day...


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Do not try and bend the market. That's impossible. Instead... only try to realize the truth. Then you'll see, that it is not the market that bends, it is only yourself.

#119 farouk

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Posted 10 May 2013 - 02:55 PM

Gold Bugs

This evening @ about 7.30pm i will post 2 charts on why my charts show

Gold falling to +-$500/$700.

The first chart i will post @ about 7.30 pm and this chart will be deleted

within 10 min.

The second chart will then be posted and will also be deleted within 10 min.

If you @ your screen then its your lucky day.Copy and save it so that you can study it later.

Note the chart is only for the lucky few.


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#120 gamma

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Posted 07 May 2013 - 10:25 PM

Charts of Gold

attachicon.gifgold.PNG

Gold is in free fall.The oscillators are just rewindind for a greater fall.

Keep an eye on the breached line for resistance.I have a target of $500/$700 in the next 2 years.

 

Orca

I was busy on a religious forum trying to convince atheist that they did not evolve from Apes.

Believe me its not an easy task because these monkeys are just thick upstairs.

 

Quite right mate, apes clearly evolved from humans


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Do not try and bend the market. That's impossible. Instead... only try to realize the truth. Then you'll see, that it is not the market that bends, it is only yourself.





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