S&P 500: ACHTUNG BABY! testing LOOONG term support... Daily image That "other" line is another 130 points south of here...

Sultans of Swing

url good resource

Only Gold!

all good!

Only Gold!

heres another way to look at it: image I am always wary of confirmation bias...

Only Gold!

this is also my bias, i guess all im saying is that unless folks have a real good reason to be long or short (ie: a high conviction opinion) this price action has been nothing but chop for the last 2 weeks, traders with longer time horizons would ...

Only Gold!

IMHO its too early for bulls or bears to be jumping up and down... price is still stuck in a rut, no clear signal in either direction though, i maintain my bullish bias and positioning due to the tremendous demand between 1215 and 1185, in addition ...

Only Gold!

this is a feeding frenzy for the wolves (market makers)... everyone needs to get paid!

Only Gold!

the recent down leg had a lot of momentum behind it, ADX 13 hit 50 on the daily TF, which hasn't been seen since feb of this year, during the Crimea crisis... reversing such a strong move can take time, though, like you, I agree that the bottom has ...

Only Gold!

well, if you are right, then the rest of the year should work out as per the seasonal pattern, although, longer term, I do harbor doubts about how far north gold can go while world central banks are actively manipulating their currencies, ...

Only Gold!

... very interesting indeed only 2 outliers in the gold chart, one you highlighted, the other was 2013, though it was more flat than an outlier... this is an exceptionally good insight, thanks for pointing it out!

Only Gold!

~86.6 would be an obvious target for the DX for this leg of the breakout, its the 127% fib of the July 2013-May 2014 down swing, and as we approach that level, this up move is starting to look stretched... I disagree with you regarding the magnitude ...

Only Gold!

thats a weekly time frame, and yes you are right but parabolics are time frame agnostic... any sustained move cannot be parabolic on any time frame a retracement is in order if this move has any real legs in the long term... regarding when... its ...

Only Gold!

here you go, a storybook in pictures: Tulip Mania: image image Nasdaq Tech Bubble: image Silver: image DX: image

Only Gold!

What George Soros Taught Stan Druckenmiller " George Soros has a philosophy that I have also adopted: The way to build long-term returns is through preservation of capital and home runs. You can be far more aggressive when you’re making good ...

Sultans of Swing

morning

Only Gold!

Gold MOMO While GOLD has not started moving north (yet), the downside momentum has clearly slowed down in the last few days. For those who use indicators heavily, this is evident on a variety of them; I have just used my two favorite ones here for ...

Only Gold!

i dont think that I have... can you post again?

Only Gold!

USD has gone parabolic... Gold / Oil may be giving an advance warning We all know what happens to parabolas... This is a major news week... Keep it tight!

Only Gold!

good luck!

Only Gold!

Hi Matts there is a long standing, and well documented inverse relationship between the commodity complex (in general) and interest rates (read: USD) it makes sense if you consider that, commodities in general are NOT an interest generating asset ...

Only Gold!