29.03.2012. 21:58 CET

COMM: GOLD :  Yes i was right it was farther correction till 0%. Was negative for gold and we get the deep 1645, 23 I am wondering wether there is enough space for attack of 1663-5? re-postioning for the previouse levels. I wonder whether this wave is the begining of new one? Have no answer for today . recommended break for a while just to get distance.

28.03.2012. 20:03 CET

COMM: GOLD :  Never be so sure . I was certain that we should not pass 1680.....and was a bit surprised that we had again 61,8 % retracement what gives 1655 ...and today there was no fuel  to re position above 1653,5. This looks that market just used Ben speach to have a good price for sell. crossing 50% is negative; not passing ealier 1700 is negative. But maybe morrning will bring some fresh look.

26.03.2012. 20:03 CET

COMM: GOLD :  Anyway my Fibo works so far perfectly we have now correction of this such nice move from 1628 to level....

oh yes my indicator says : mind 1680/1 as this should be low of this correction remaining below 1700 is good and helthy for the market . Iam in . You may add at this level.

 

24.03.2012.
COMM: GOLD : We indicate different levels of Fibo :)
http://anardgold.blogspot.com/2012/03/as-i-mentioned-on-my-previous-post.html

Are we at the bottom II?

Are we at the bottom II?

23.03.2012. 08:03 CET

COMM: GOLD :  We are at 61,8 % Fibonacci I wrote this as a first one I hope :) and I did it ............indicating 1635 and now 16(28) as second deep and we will see what next , hope for upper levels now.

 

Gold may remain weak for at least the near term, says Ira Epstein, director of the Ira Epstein division of The Linn Group. Seasonally, gold tends to make a break in early March that often ends in late March. But whereas the time may be approaching to be on the lookout for a momentum change, this has not taken place yet and often doesn’t until early April, Epstein says. “Therefore the bears remain in control for the time being,” he says. He later adds: “The economies of Europe and Asia are stumbling. Inflation is not yet an issue. Iran is not making headlines….http://www.kitco.com/  

(Kitco News) - Comex gold’s pullback has taken it back to the $1,627 an ounce area, which around 61.8% Fibonacci retracement of the prior rally from the December low to the February  high, says Triland Metals. “This level has kept the market in check for now,” Triland says. “One of the catalysts for today’s move could be blamed on the Chinese PMI (Purchasing Managers Index) figure, which seems to indicate that a continuing slowdown is happening in the Chinese economy and that inflation fears are lessening. This market remains very long with first notice day for the main Comex contract (April) approaching.” As of 2:15 p.m. EDT, April gold was $8.50 lower at $1,641.80 an ounce after bottoming at $1,627.50, its weakest level since Jan. 10.

 " I opted for lows and it come so quickly; and now we are in a very important moment : 50% - 61,8% Fibo of our peaks 1760-90.  My arrow indicated level round 1635 per oz. and we where yesterday and during night exactly there. So here should be decided where market will go for next weeks!  Reading all news  and comms I have only one feeling where were all those analitics before this drop down? I heard only about bounce of gold. So this time I bet  for change. Even a few dollars ( 28) sway should not change the picture.

Are we at the bottom?

15.03.2012. 06:53 CET

COMM: GOLD :  So it happened.  I opted for lows and it come so quickly; and now we are in a very important moment : 50% - 61,8% Fibo of our peaks 1760-90.  My arrow indicated level round 1635 per oz. and we where yesterday and during night exactly there. So here should be decided where market will go for next weeks!  Reading all news  and comms I have only one feeling where were all those analitics before this drop down? I heard only about bounce of gold. So this time I bet  for change. Even a few dollars ( 28) sway should not change the picture. Correction was perfomed.  Saying in economic words Fed said there are signals that US economy improving but frustrating is the slow peace of it. Anyway it was a signal is better and safer. gold down equities up. Is it?
Frankly I would like to see change of current temp.trend but there is also contradictory 3-crown formation which usually means only negative information, but i also saw 4-crown formations so...let's see what market will do. 

http://www.kitco.com/reports/KitcoNews20120314JW_pm.html

"Tuesday afternoon release of the statement following the latest meeting of the Federal Open Market Committee. The Fed acknowledged an improving U.S. economy with still-low inflation expectations. The statement further squelched talk the Fed will implement another round of what would likely be commodity-market-bullish quantitative easing. The precious metals got a second punch Tuesday afternoon when J.P. Morgan announced it had passed the government’s stress testing and was declaring a dividend as well as paying back a big chunk of government loans. Investor risk appetite has up-ticked significantly following Tuesday afternoon’s developments, which has hurt gold and also the safe-haven U.S. Treasury market."

http://news.ninemsn.com.au/article.aspx?id=8435457

Gold prices may slip to $US1,630 an ounce in the near term, Standard Bank's head of commodity strategy Walter de Wet said in a note.

Barclays Capital said that the economy would "either need to suddenly slow or inflation to decline more than the Committee expects before additional asset purchases are initiated" and it doesn't forecast further easing this year.

 

14.03.2012. 20:25 CET

COMM: GOLD : . Some famouse persons told you .....don't lose patience with, or confidence in, your gold investments. What happens to the price over last week is only one short chapter in story of this bull market.

I said 1790m was the roof and ... In my opinion there is enough time to perform correction …before  inflationary spiral will push the gold price to higher  levels in such an inevitable mega-trend in gold.

I opted for lows. I made a picture of future on Sunday 4th of March !

and ......market performed exactly the same....look:

What next my arrow ended ...at . Those who

have good eyes.....see... :)

14.03.2012 8: 54 COMM: GOLD : Market copied  my picture. Comments later on. 

 

13.03.2012

11.03.2012.

COMM: GOLD : . Some says don't lose patience with, or confidence in, your gold investments. What happens to the price over last week is only one short chapter in story of this bull market.  Some says the market held near the 200-day moving average and a trendline was just below and than 1705 is still  supportive for gold.
Do you see any  new,  aggressive buying in the market?!  To be clear, gold may be a target bearing in mind geopolitical situation but temporarily is also good stock for central banks to selloff for a while. Those that are looking for a peak above 1790  in the gold price will be greatly disappointed as we for a nearest days will observe whether gold may reach 1730?( still important level). Maybe firstly should look for stabilisation ? and than market decide which way will  continue. In my opinion there is enough time this year to perform correction …before  inflationary spiral will push the gold price to higher  levels in such an inevitable mega-trend in gold.

I do not suggest this time any speculative long/short  positions, as my indicator signals only  flat buy signal what is not worth of consideration as I still opt for lows under condition that 1730 won’t be met. Count that not.

circlet formation

on the top must be a diamond.....after reaching max 1690...will go back again....this formation works this way.


11.03.2012. COMM: Circlet formation had a top on 1705

Who will pay the bills? Central Banks?

According to BNN this morning, the drop was a direct result of a Central Bank selling off 31 tonnes of gold early Monday morning followed by many others simply locking in profits when they realized POG was going to take another hit because of it. BNN didn't say which Central Bank but implied some country obviously needed to acquire a large amount of quick cash for some reason. They didn't speculate on which country, but I got the impression they knew and just weren't releasing that info. . . so your guess is as good as mine.

Well well well so did they read my post on Sunday ?! I said there are bills to pay ...Greece and Spain And Portugal have huge reserves..being in their shoos wouldn't you swap for a while?

Have you seen my prediction from Sunday....market goes too quickly...just follows my predictions....stop stop enough :) I didn' t want so fast :)...1661...is good for stop ...PLEASE

I see other also think ..it was a high :)

http://www.goldmoney.com/podcast/2012-03-01-dominic-frisby-jonathan-davis-michael-hampton-12-audio.html?utm_source=english-subscribers&utm_medium=email&utm_campaign=w09-2012-newsletter

after reaching the top always is correction, frankly I do not see this what happened as extraordinary, any shady movement; gold touched 1790 and there was anybody keen to fly this higher. technically it was the end of the wave. Activated stop losses. happens :)http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/29_Eveillard_-_Desperate_Central_Banks_Intervene_in_Gold_Market.html

From USA GOLD http://www.usagold.com/cpmforum/

GOLD WAS ON THE ROOF 1790

  From Newsmax:Economist Marc Faber, publisher of the Gloom, Boom and Doom report, says the government will seize privately held gold, even as he continues to buy physical gold himself.

"I prefer to play the commodity space by owning physical gold," Faber tells Chiefsworld. "If I were an American, I would store it outside the U.S., because in the U.S., it is not completely unlikely that they will eventually take it away."

"Like in 1933, gold will be purchased back by the government" because eventually, the financial mess will be so bad that gold prices "will go ballistic, and the government will take away something from a minority, and not many people own gold."

"When gold prices shoot up, it will be quite a popular measure to take it away from these rich people," Faber says. "It's happened before...

02.03.2012.

COMM: GOLD. So we faced new "stick" down once reached 1790,3 $ per ozt. (trading platform) I asked whether gold is ready to re-enter that upper portion of the channel between red lines ? No - only touched red line. Was not able pass it. So I was correct indicating highs btwn. 1760-90. First one was at 1763 than we had a picture of the niche and than again 1790.  Some famous investors saying " buy" ...I am saying suspend buying....nobody believed about 1523 this Dec.  Probably guys in funds have bought gold and now would like to keep high price but just check levels of gold held in reserves of Greece , Spain , Portugal...it is good moment for them to make a swap..as interests on bonds must be paid...think twice. What next ? In my opinion after 1790 collaps -"the stick down" , than not reaching even  1730 is negative for gold.

FEBRUARY 2012

MARKET SPOT

Gold. XAUUSD- Gold spot. 12.02.2012

The Gold Market continues to hold the green momentum channel that was developed using the last price low 1525 indicated as purchase signal, we constructed a "momentum" channel that keeps the gold market.  The most important now is the price high. Price has turned into the channel making high app. 1763 only once. We estimated high for 1760-90. Is it the end of this rally?

Is gold ready to re-enter that upper portion of the channel ? I am afraid not. Buffet’ statement did not help.  Although gold is the best investment for uncertain times, still valid is question whether 1524 is the end of waves structure going from the top 1921. For the upcoming days, the 1720-1736 area is the first point to watch. If price closes above the 1740 price area, it will take ride for high. In our opinion market has no fuel for that. Green zone is still above the formed “stick” till 1710 than closing below would be a signal that market turns back and a new down leg should be under way.

Date &time		Instrument: Gold	Actual	Forecast	Previous
12.02.2012,14:30	Signal :		sold	watch	purchase at	1710
		S/L:	Mid term		Short term
		T/P:	sell		sell

MARKET SPOT

FW20.  FWH12.12.02.2012

The red line shows that market is still on bullish side, although it is like a snake since the August collapse. Does it mean that market waits for Greece default and sways according to news? Talks  about 170 bilion Euro support what is a half of Germany’s budget. Buying Italian or Spanish debt is at risk therefore we propose thinking about those which are generating real record revenue and profits. FW20 should not be down again to lows of 2008. Our main support level is 2030. Recent January wave ends at 2420. Our highs were indicated 2420-50. FW20 will sway, however 2139 was the only occasion for such low level for long position. Market get used to Greek tragedy. Reacts seriously only for noise of numbers of US debt, therefore market will continue sway to upper levels, although corrections will be on the road.

Date &time		Instrument: FW 20	Actual	Forecast	Previous
12.02.2012,14:30	Signal :		sold	watch	sell at	2410-2450
		S/L:	Mid term		Short term
		T/P:	buy		sell

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