GOLD

**JBmurc** · 24-10-2008, 05:40 PM

In the October 22 session on the TOCOM Goldman Sachs COVERED 23 short contracts and BOUGHT 703 long contracts which brings their long position to 2,971 contracts and makes them now NET LONG 543 contracts. This is the LARGEST long position they have held in 30 months. In 30 months they have been net short every day except for two days. The only other day they were net long was on 9/29/08 and was only 28 contracts net long."

**dumbass** · 26-10-2008, 09:13 AM

Originally Posted by dumbass

gold chart from all time high counts best as a corrective move lower.

it doesnt look like a new impulse wave lower but overlapping corrrective waves.

downward channel developing with possibilty of 680 coming into play which may be a good place to look for a reversal.

680 hit and reversed

theres quite a bit of evidence to suggest gold may be ready to run to the upside

**dumbass** · 31-10-2008, 06:34 AM

Originally Posted by dumbass

gold chart from all time high counts best as a corrective move lower.

it doesnt look like a new impulse wave lower but overlapping corrrective waves.

downward channel developing with possibilty of 680 coming into play which may be a good place to look for a reversal.

i reckon it could be a bottom in, and a leading diagonal in wave 1 position

wave 2 in progress which should provide a safe entry for a long.

maybe 700 with a stop at 670

**dumbass** · 11-01-2009, 12:51 PM

Originally Posted by dumbass

gold chart from all time high counts best as a corrective move lower.

it doesnt look like a new impulse wave lower but overlapping corrrective waves.

downward channel developing with possibilty of 680 coming into play which may be a good place to look for a reversal.

update from # 58

gold has had a pretty good run up from 680 but im turning neutral now.

has attempted a bear channel breakout and test of 200 ma and failed to breakout

some support around 830 region and if that fails could be a short to lower channel boundary.

**ananda77** · 22-11-2008, 02:51 AM

arco:

....Tarp2? Tarp3? sometime in 2009 as trillions of due CDO contractual obligations will 'officially' reveal their real market value...

...rating agencies downgrading US government debt in 2009 as a result of further bail outs

...makes perfect sense, physical gold holdings around the globe -already soaring-

Kind Regards

**shasta** · 22-11-2008, 12:13 PM

Originally Posted by ananda77

arco:

....Tarp2? Tarp3? sometime in 2009 as trillions of due CDO contractual obligations will 'officially' reveal their real market value...

...rating agencies downgrading US government debt in 2009 as a result of further bail outs

...makes perfect sense, physical gold holdings around the globe -already soaring-

Kind Regards

Is this the start of the Gold/Silver precious metals run?

**George** · 22-11-2008, 04:10 PM

Check out NCM - each time the gold price moved 50c the sp moved up or down about 4.00, a $100 move equalled an 8.00 move and a $190+ move equalled 10-12.00 difference in the SP.
While the price jumped over $2 on Friday, so did many others and this was before the 50c move up in gold. Therefore, could be a move to 25-26.00 on Monday - will be looking to go long if it opens much lower than this to add to my small position at 20.06. If it opens high enough, what do you do? Hold for a possible further rise in gold or take profits. Nice position to be in though.
George

**George** · 24-11-2008, 01:56 PM

Opened at 2250, straight up to 2310 sold at 2330 but bought back in at 2315 for a possible target of 25-2600. Strength there while many others are retreating. Gold price holding up.

**George** · 24-11-2008, 03:16 PM

Gold slipping from 808 to 793, sold out at 24 and watching. NCM seems to be holding fairly well in a tight range between 2390 and 2410, could go either way. Perhaps a $4 move has been factored in from the 19-20.00 area!!