GOLD

[George]

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]

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]

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!!

[George]

Sold out of NCM yesterday now gold up overnight - tough. Possible rise to around
25.00 for NCM today with gold about 820. Possible resistance at about 870-880,
with NCM at about 26.00 - what are others' thoughts?
George

[ananda77]

RED ALERT: GOLD BACKWARDATION!!!
Antal E. Fekete
Gold Standard University Live
http://www.professorfekete.com/artic...EFRedAlert.pdf

Kind Regards

[peat]

interesting. hadnt heard of the term backwardation before.

this is relevant

http://www.hardassetsinvestor.com/fe...-so-fast-.html

[airedale]

Spot gold at $774 right now. Looks like it may be trying to breach $800 again.

[Aussie]

Spot gold at $774 right now. Looks like it may be trying to breach $800 again.

There's been strong defense of the $780 area the last few sessions . . . hopefully gold can convincingly break that level. Hard to say yet, but maybe USD has peaked. Fundamentals must come back to the fore eventually.

Attachment 1083

[arco]

Looks possibly short term bearish on 4H+ TFs.

We've just seen a Bearish Engulf off the Kumo on the 4H , although there could still be a test through that narrow Kumo overhead. Daily is also struggling under the Kumo (Shorter TFs down from 1H are through Kumo).

[airedale]

Hi arco, I clicked on your gold chart.....it said "click for larger image". But I only got a smaller image. I clicked on that and the image got smaller again. I stopped then, in case it all disappeared:o.
On reflection last night I should have said that POG will " test" $800, rather than breach $800.