aaron.pike.9

aaron.pike.9

Fueled by a new round of buy backs, lets see if BP can touch its 200 DMA on a weekly timeframe.

aaron.pike.9

Positive flow into the markets combined with talk of doveish stimulis has investors slowly but surely trickling into gold and other similar products. Inflation is unfolding but not in the traditional sense. Same as always set those stops, i think it'll continue higher though.

aaron.pike.9

Set those stop losses!

aaron.pike.9

Hi guys, quick disclaimer, i've made a lot of money on the bull side with this pick but im worried we may have a hard time crossing and holding above ~$42.67. Watch that line closely as that is monthly support. This is a new stock just be careful guys!

aaron.pike.9

Hopefully this is a blip in the longterm trend as market movers take profit off their gold coffers. However this is happening in tandem with the stock market falling so we could see further selling into the downtrend channel as macro fears persist. This may be a good week to try and find a deal on gold or silver though. Let me know what you guys/gals think.

aaron.pike.9

let us watch gold stay within this channel bouncing off of recent lows. I expect it to hold this support

aaron.pike.9

see last post

aaron.pike.9

We're looking at 14 as our longtime resistance in this trade. If price does clear this resistance it could provide indication that agricultural products are going to move higher. Any type of supply shock here is a bullish indicator. I think it will take a few weeks for the market to react to the devastation that is being unleashed in China. We'll just see.

aaron.pike.9

Gold spot seems to be channeling upwards in the outer regions of the green pitchfork as shown. In the coming hours i predict we could see a retest of 1590-1600 support.

aaron.pike.9

An absolute crusher of a market has sent gold right into my downward trend line. This support level is the last stop. A smart trader would be making their trades at this level, however i've been chasing gains in this market. I sold my puts too early yesterday so now im paying for it. Given the economic climate, gold has faired well, now lets see it rise with the...

aaron.pike.9

Lets see a solid run to 1660. However downward pressure could mean we hit 1600 levels. Hedge appropriately

aaron.pike.9

For the time being I am watching GLD to see if the $148 line holds. Market devaluation could further depreciate gold if this selloff continues. Carefully watching from the sidelines for now, $GLD for low risk plays $AUY for some high risk plays.

aaron.pike.9

Waiting for a response from the chart, i believe its starting to turn towards the 50dma again, should be an interesting watch.

aaron.pike.9

Aks appears to be forming a head and shoulders or perhaps double top. The weekly RSI closed at 100 showing that this price is severly overinflated. I expect a pullback into 3.26, with support at 2.75, and then 2.50.

aaron.pike.9

Currently the 50DMA sits at about 4.14, looking for a decent pullback into that range as close as possible, from there i need to see a rally from 4.40-4.45 to really start scaling in.

aaron.pike.9

20.42 wont hold without a solid look back

aaron.pike.9

Heading into the session tomorrow investors and traders are going to be watching these lines closely. It is my own opinion that the 210.31 line is major resistance, and that any surge above this line will be sold quickly back down into the 200 - 195 zone. The bull run i've mapped out with the pitchfork is from the end of the 2008 recession, and as you can see, not...

aaron.pike.9

Commentary and criticism is always welcome!