Gold - on cusp of massive bearmarket :)

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I thought you are a price only kinda guy, so you don't need an indicator in that case. Inflation trend is up. You must have seen some sort of divergence going on (guessing). Oh dear...


Quote from deadbroke:

:D :D :D


Come to papa. :D

Let me help the ignoramus who revels in arrogance :D

Plot the ROC of your chart above - i.e. for the dummies, the RATE OF CHANGE (annual if lots of data otherwise monthly) ........ then you'll see it, but if you don't at least just recognize that your rear end has puckered up real good and the dead one has his hand on the chain as you sit at the bottom of the commode, but he can be merciful - and not pull




:)
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Watch 1370 low on 4H. It also happens to rest on the 200 ma (4H frame)

A convincing break here is the SHORTY.

Hammer that motherfucker if it happens - hammer it hard and add to shorty on every rally top.

Get ready.

Do not go short unless the above breakdown occurs.

If it works out well, you'll know it visually because I'll put a lollipop in JSPMK's bum - with the wrapper still on.
 
I sense gold has reached a top despite all the news media trying to pump it today and talking of big demand. I will be bottom fishing options at this point.

Question to experienced gold option traders: what options do you think is better? On futures, GLD or IAU?
 
Quote from intradaybill:

I sense gold has reached a top despite all the news media trying to pump it today and talking of big demand. I will be bottom fishing options at this point.

Question to experienced gold option traders: what options do you think is better? On futures, GLD or IAU?
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OG (gold futures options) will give you better leverage and good premiums OTM (6-7%). I think you have to get into them about 45 days prior to expiration and plan to exit about 30 days later. They seem to lose their value quickly. Just my $0.02.
 
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