Recent content by erblackiv

Shorting Gold: 12 Reasons Making The Case For This Contrarian Investment by Louis Basenese, Advisory Panelist Senior Analyst, The Oxford Club If you’re a self-professed “Goldbug,” feel free to read no further. Or at least spare me your hate mail. Because no matter what I say today, I...

600 before 1200 is starting to look very very good. Entry?

The piker was wrong, but he's done. 600 B4 1200 is an interesting bet. Especially with an open time line....

Right, so the moral of the story is invest in yourself, the best thing you can export to the future. And if you're not worth investing in, find someone who is. That's where money comes in.

Gold as a store of wealth: (From Steve Randy Waldman) "Stephen Den Beste once wrote about electrical power: ...electric power has unique properties, and one of the most important is that at any given instant the amount of electric power being generated will always exactly match the amount...

Surf, It's time to concede this one. Whatever gold does in the next six weeks, it's not going drop $400. I've watched your on line calls long enough to know that there's at least a nugget of insight in all of your calls--just sometimes you have to be proven wrong first before the...

trade is DZZ long. Intraday price tracking is 100 Oz Pit Only (Comex) April. HOD = 829.

Make or break massive short entered at 929. A close over 935 gets me out for good.

Strong MACD negative D (finally) setting up in $GOLD. A confluence of resistences at 935. The plan is to scale in at 920+ and bail on a close over 935. Good possibility for Surf's mesotophilean downdraft from there. Descending wedge support in low 600s or lower depending on how long it takes.

$gold getting very close to the hanging curve ball 920-930 range. IT short with a next day stop at the HOD on the day when it hits this range.

Nice trade. Good rising wedge with histo divergence. I'm waiting for full MACD divergence at a higher level indicating an IT top. Not looking good right now, but I've learned to wait or pass..... Very nice trade.

920 is both the underside of the LT uptrend line http://img379.imageshack.us/img379/5416/goldtrendlttrendlineol5.jpg and the top of the broadening formation (presumably ultimately bullish but downside room sub 600) http://www.incrediblecharts.com/tradingdiary/images/20081213_gold.png

I was stopped out of my 859 $GOLD short. I'm looking to re-enter at 920--the re-test of LT trend line. All the talk of gold's excellent fundamentals is bag holder bait. Gold is a hedge of nothing, and the global economy has lost the resilience it once had to tolerate mass delusion in lieu...

everybody panic!!! http://video.google.com/videoplay?docid=1954933468700958565&hl=es if we dont kill the dollar here it will be too late in feb when the bond market crashes.

I ordered custom wedding rings this week. Choice of gold or platinum. Same price. Gold is a hedge of nothing, which means it's never worth what you pay for it. Overbought to resistance in a LT downtrend. Long or short? Here or 920.