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#161 farouk

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Posted 22 April 2014 - 10:49 AM

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

 

Those that followed my call move your stop loss to $1311.

Your risk now is $10.


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#162 farouk

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Posted 22 April 2014 - 10:41 AM

Thats a very interesting chart.

The US of A leads and the herd thereafter follow.

A breach of that neckline will shave +-240 points of that index.


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#163 Argento

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Posted 22 April 2014 - 10:00 AM

Argento.

Is it possible to put up a chart of the JSE Gold Index (J150) and give us your views.

Tks in advance.

We have a failed 5H bullish cross (bearish cross still at play) and with her breaking the macd 0 line bad things tend to happen, looks like a head and shoulders pattern in the works and the neckline pointing down could very much confirm it!

 

With stocks entering their last euphoria buying before their top in May this chart could get nasty to the downside, still a lot of room to the lower daily bollingerband!

A


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#164 farouk

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Posted 22 April 2014 - 09:40 AM

Hi Farouk,

 

Macd nos is (10,13) with MA on 1

 

A

 

Argento.

Is it possible to put up a chart of the JSE Gold Index (J150) and give us your views.

Tks in advance.


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#165 Argento

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Posted 22 April 2014 - 09:35 AM

 A

What MACD nos you using?

Tks in advance.

Hi Farouk,

 

Macd nos is (10,13) with MA on 1

 

A


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#166 farouk

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Posted 17 April 2014 - 05:22 PM

Macd is showing upside coming in the yellow stone!

 

But if markets come down hard starting May the picture could change.....might see a pullback now though.....

 

A

 A

What MACD nos you using?

Tks in advance.


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#167 Argento

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Posted 17 April 2014 - 04:47 PM

Macd is showing upside coming in the yellow stone!

 

But if markets come down hard starting May the picture could change.....might see a pullback now though.....

 

A


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#168 AJS

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Posted 17 April 2014 - 02:09 PM

Got this from the interwebs.


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#169 Zero Hedge

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Posted 17 April 2014 - 12:05 PM

doesn't need to do that - just needs to go through 1331 ;)

Happy to play of a handicap... B)


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#170 @sirgrantfleming

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Posted 17 April 2014 - 11:09 AM

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

doesn't need to do that - just needs to go through 1331 ;)


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#171 Zero Hedge

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Posted 17 April 2014 - 10:59 AM

Haha, call me as well because either way someone is buying the beer!

Will be me buying the beers...as I would have taken all Farouk's moola


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#172 AJS

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Posted 17 April 2014 - 10:41 AM

Will definately call you.

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

 

Haha, call me as well because either way someone is buying the beer!


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"Trade what you see, not what you think"

#173 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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#174 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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#175 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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#176 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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#177 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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#178 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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#179 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"

#180 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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