RobertZafaras

RobertZafaras

The daily stochastic look interesting. the 120 day moving average looks constructive. been a tough down stroke from 1295. but I'm feeling a tad better here about gold. still long bitcoin and ethereum waiting for a big hiccup, when it comes money is going to flow to the metals. how many more weekends before something major happens in Syria. Any SU-27 Jockeys...

RobertZafaras

Long term (daily) charts still are bullish. Channel positive, nicely above the 120 day moving average. Fed meeting showed dramatic central bank sells, trying to suppress the price of gold. They threw massive amounts of short futures as Yellen spoke. To think we are in the 50's after that onslaught is way bullish for the metals. Silver punished as...

RobertZafaras Updated 

target of 2401 still in play trade not closed. still short still looking for 2401

RobertZafaras

Confluence, dates, Comey JOLTS the yen gold BITCOIN all point to a rotation out of stocks. 2401 is the target

RobertZafaras

Gold meeting first target of 1296. Now 1304 looks inevitable. stay long metals

RobertZafaras

critical point for todays close

RobertZafaras

1274.50 is critical on the close. if we can hold this on the close COMEX. It will set up more buying fro next week. with a test of 1294 to 1296. Negative Payroll revisions are bullish for gold. after all the entire BLS is an excuse to massage the data in the way that benefits the banks et al. if not we would use the form #941 and the EXACT number of people...

RobertZafaras

Weekly fib entrancement points to 1298. The entire mantra if Trump wins it's good for gold, only lastly a few hours. Tomorrow's payroll and of course the fed meeting would only be fitting if we tested the failure of Gold on the election at 1298 and the point Stanley Druckenmiller sold all his gold. ( actually night before election )

RobertZafaras

the one hour chart remains bullish. macd ready.

RobertZafaras Updated 

Very simple chart today. As I mentioned before the funds (ie: wise guys) have turned from a three week sell off to a more supportive phase. Commercials like wise covered and the open interest has increased nicely. Gold will benefit from some Bitcoin Ethereum spill over. the four house chart is very supportive. A sell off that was expected was contained and...

RobertZafaras Updated 

Last year an explosive move to the down side saw a 140 handle move in the S&P. Bids evaporated, short option strategies were destroyed. More than an algo move, Bots in the extreme lol. the vix here hugging 11 all too eerily reminds me of last year. I would be very careful with an short vol plays. my feeling is long euro, yen, long gold silver, long bonds, short...