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  • #15,921
  • Jan 31, 2012 7:19am Jan 31, 2012 7:19am
wow, Thanks for the link Caths, here it is:

Inserted Video
  • #15,922
  • Jan 31, 2012 7:23am Jan 31, 2012 7:23am
Quoting CathS
I saw this on the EurAnalysis thread (posted by Knoholygrail & PipTrapper), and think it's worthwhile listening to - if the events suggested here pan out market volitility will skyrocket, but ultimately it will be bullish for commodities - gold is mentioned specifically several times.

Of course I couldn't work out how to post it in a better format, but the interview in question is currently sitting very prominently on the first page of the jsmineset website (some dinosaurish things are hard to overcome )

http://www.jsmineset.com/...
Thanks, it's very interesting, makes sense and that's worrying...

W
  • #15,923
  • Jan 31, 2012 7:38am Jan 31, 2012 7:38am
Quoting Walt
Thanks, it's very interesting, makes sense and that's worrying...

W
it's just opinion.... the market will show us all the way.
  • #15,924
  • Jan 31, 2012 7:47am Jan 31, 2012 7:47am
1745 is make or break.
Attached Image (click to enlarge)
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Don't get mad, get even!
  • #15,925
  • Jan 31, 2012 7:50am Jan 31, 2012 7:50am
i can not good englisch, what say ellis martin in the interview?


thx
  • #15,926
  • Jan 31, 2012 8:01am Jan 31, 2012 8:01am
Quoting stevebalmmer
i can not good englisch, what say ellis martin in the interview?


thx
5 banks in the US possibly going down.
if i am not mistaken
Have I got something on my face, SOLDIER?
  • #15,927
  • Jan 31, 2012 8:06am Jan 31, 2012 8:06am
Quoting stevebalmmer
i can not good englisch, what say ellis martin in the interview?


thx
5 big banks are going to default, $ going down.
  • #15,928
  • Jan 31, 2012 8:30am Jan 31, 2012 8:30am
and gold can go up!

Quoting forexfacts
5 big banks are going to default, $ going down.
  • #15,929
  • Edited 9:51am Jan 31, 2012 9:10am | Edited 9:51am
Quoting XTrade
Remember what the DXY is based on,

...
That is why I look, for a longterm view, at TWI - the Fed's Dollar Trade Weighted Index.

Drawback is it is updated like COT, late. Once a week every Tuesday afternoon for the previous week.
  • #15,930
  • Jan 31, 2012 9:19am Jan 31, 2012 9:19am
is this a good indicator of Gold?
give it a live chart?
steve

Quoting SunTrader
That is why I look, for alongterm view, at TWI - the Fed's Dollar Trade Weighted Index.
  • #15,931
  • Jan 31, 2012 10:07am Jan 31, 2012 10:07am
Ellis Martin, who dat?

Google had to dig a little.

Went to his website and found Interview subjects such as:

Dudley Baker's Strategy for 1000-2000% Potential Returns on Stock Investments, as well as bulletin board and OTC penny stock discussions

Also for the written Sinclair interview it opens with:

I'm Ellis Martin with an editor's note for The Ellis Martin Report. Usually when I do a phone interview with a guest analyst and sponsor companies I'll spend time editing it down, sprucing it - in other words he gets paid to publicize companies.


Red flags to me. Just sayin'
  • #15,932
  • Jan 31, 2012 10:15am Jan 31, 2012 10:15am
still sidelined for now.. looks like a markup on the dollar so the strong holders can get rid of more supply
  • #15,933
  • Jan 31, 2012 11:26am Jan 31, 2012 11:26am
Hi everyone, look at the way price hit trend line exactly and retraced.
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  • #15,934
  • Jan 31, 2012 11:52am Jan 31, 2012 11:52am
thats the question, is it go up or down at the trendline?
Quoting fuse
Hi everyone, look at the way price hit trend line exactly and retraced.
  • #15,935
  • Jan 31, 2012 12:08pm Jan 31, 2012 12:08pm
Quoting stevebalmmer
thats the question, is it go up or down at the trendline?
I guess it will test the trend line then decide. My guess is it will continue down, I took a short at the first resistance 1,732.70 SL 1,740.00 will see how it goes.
Attached Image (click to enlarge)
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  • #15,936
  • Jan 31, 2012 12:18pm Jan 31, 2012 12:18pm
Quoting Dyekid217
still sidelined for now.. looks like a markup on the dollar so the strong holders can get rid of more supply
Strong holders hold. They don't get rid of supply after a two week drop.

I'm thinking a bottom if only short term is being put in as all the main dollar pairs in oversold levels (although as always it doesn't mean they can't get more oversold):
Attached Image (click to enlarge)
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  • #15,937
  • Jan 31, 2012 12:23pm Jan 31, 2012 12:23pm
Well then where does redistribution come into play only at tops??
  • #15,938
  • Jan 31, 2012 12:24pm Jan 31, 2012 12:24pm
USD oversold is, could this mean, nevertheless the gold again go up should ?
Quoting SunTrader
Strong holders hold. They don't get rid of supply after a two week drop.

I'm thinking a bottom if only short term is being put in as all the main dollar pairs in oversold levels (although as always it doesn't mean they can't get more oversold):
  • #15,939
  • Jan 31, 2012 12:33pm Jan 31, 2012 12:33pm
Quoting Dyekid217
Well then where does redistribution come into play only at tops??
Tops mostly form due to a lack of buyers. Not an abundance of sellers. Vice versa for bottoms.

But look at DXY for the last two weeks. Nothing but down days and some unchanged bars. Somebody had to be selling. I believe it was the smart money. And unless they believe the selling will accelerate (always a possibility) they would now be buying against the crowd, weak buyers, that is now selling.
  • #15,940
  • Jan 31, 2012 12:39pm Jan 31, 2012 12:39pm
the way I look at it is that there was a huge news release today that manipulated the market (hence the mark-up on the dollar) forcing weak holders into the long market while february could see new dollar lows.

plus the usd has already broken last months lows with the dollar bearish throughout the entire month of jan.

I dont see support here just yet because of a news release. I never trade the news. but regardless of whatever today does I'm interested in the coming weeks rather than just 1 day.

I won't be bullish on the dollar until next monthly candle confirms the reversal. So if the dollar continues to fall throughout feb i'll be looking to long on xau/usd

plus the lack of buyers would show low volume not high volume... the high volume on the 4hr has caused price to reverse?? i dont see buyers here..

screenshot soon hold up
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