Gold reaching a major inflection point (from a second baby one when it broke the triangle) , and retesting a key level. If things continue to go our way, I see gold at $800 level by march.
tradingview.com/v/4RqQk78A/
chartmojo
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great info M...also...weak europe = strong dollar = weak commodities in general
Marek99
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I meant to say May, not march, heh I'v placed my bets, lets see now what happens
A-shot
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GANN, GANN everywhere! I see it is quite popular now. Find it a bit weird that both gold and stocks went massively up today - someone will have to go down.
Alisho
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there is not always an anti correlation of the stocks and gold.. mostly but doesn't have too.. more important dollar tanked today.. this let the gold rise.
Interesting indicator, what is it based on? I am long nugt now, I think Gold will keep going up into January.
spiroka
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Tim, are you taking this trade?
...would you take this trade? :)
timwest
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I am not - I have exposure with SLV already to my max position.
I did jump on the Corn trade though, but before the system suggested it - so I looked at it as a confirmatory. For me, I don't want to just jump in and start taking trades out of the blue. The system looks robust but I want to watch a few signals too and see how they "feel" to me. I make my decisions with my own methods, so I will follow this awhile and post the trades that set-up because I like how they look. I'm still in Corn, for what it is worth, and it's been hard to stay with the trade, only because it is a different methodology. Do you follow all of that?
A-shot
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Hm, didnt SLV dive from 20 to 16? Did you manage the position in a way - cut some profits? Because i recall you noted being in SLV up to max when it was 18 i think
tradingview.com/v/4RqQk78A/