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romans holiday

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Everything posted by romans holiday

  1. romans holiday

    SILVER

    Telling time for silver:
  2. romans holiday

    GOLD

    Interesting spot for gold. Another wave down, or up up up?
  3. romans holiday

    Trading Volatility, Ballasted by Gold

    You might be right, but you might be wrong [i wear my short term skeptic hat for this trade]. Depends on how soon I guess. I can still buy back in near 60 if the price continues to strengthen in the next couple weeks. But yes, I think you'll see silver back to around 50 shortly.
  4. romans holiday

    Trading Volatility, Ballasted by Gold

    A third wave down?
  5. romans holiday

    Trading Volatility, Ballasted by Gold

    Yep, feel I'm sailing pretty close to the wind here as the bottom could be in. The buy order for 40 is still in place, but if the price tracks sideway and up over the next few weeks will then consider buying back in at 50. That would be silver around 32.
  6. romans holiday

    SILVER

    You bought near the bottom of the consolidating phase, so there was always a good chance, given the volatility, that the price would continue to consolidate in the short term. It is in the medium/ long term that confidence is more well-placed towards an increase in the price [assuming silver/ gold is in a bull market]. When silver strengthens again, the short term paper loss will be eaten up very quickly. Stick with it. Check out the 200 MWA for silver; above 26.
  7. romans holiday

    Trading Volatility, Ballasted by Gold

    A brief dip to 40 would see silver just below 29. This down-leg looks to be just about played out.
  8. Didn't you notice I was using that avatar? I like the dog's disinterestedness and the digger's determination..
  9. romans holiday

    Trading Volatility, Ballasted by Gold

    Yep, euphoria followed by some realism.
  10. romans holiday

    GOLD

    A re-test of 1600 would give a good symmetry to the large cup pattern forming since Sept '11..
  11. romans holiday

    Trading Volatility, Ballasted by Gold

    Kkkkkkkkkrrash! Good chance AGQ will hit 40 here... and then some.
  12. romans holiday

    Trading Volatility, Ballasted by Gold

    Back on track after a spot of short-covering. Dollar looks like it could move up a bit here.
  13. romans holiday

    GOLD

    So something like a 20% appreciation of the 'base-line' averaged year on year?
  14. romans holiday

    SILVER

    $Silver not too far off its 200 week MA. Doubt it would get quite that low though.
  15. romans holiday

    GOLD

    Yep, pretty much agree. The 'technicals' can be just as much a disadvantage as an advantage insofar as they detract or distract from the simpicity of a long term log chart. Not sure what you mean by this.
  16. romans holiday

    Trading Volatility, Ballasted by Gold

    Ha! Yep, i have itchy fingers also, but will stick to my discipline; give it until Xmas, and look for 40. The longer term also helps as AGQ doesn't look too oversold yet. Nor dies silver.
  17. romans holiday

    GOLD

    Thanks PD. That has to be the chart by which to keep your bearings in the seasonal, or not so seasonal, squalls. I would interpret it slightly different as far as 'trend lines' go. As opposed to the straight line, where the price is supposed to 'bounce', I prefer to see the [occasionally punctuated] curvature of a cup on these kind of corrections. For me, the low point in '08 is the equivalent of the low we saw this mid year [which was around 1550 if I remember correctly]. The cup pattern this time round was not as deep. I think this dip here will be relatively brief.. perhaps down to 1600.... and then to new highs. If the chart [and that reading] is anything to go by, now is the time to buy. I agree with Sledgehead's point that often you have to let a chart speak for itself... and this long term log is speaking volumes. The trick for the trader, not to mention the investor, is to be disciplined and to bracket out the daily emotion and headline news. Helps also to be well hedged.
  18. romans holiday

    GOLD

    http://news.goldseek.com/BullionVault/1355922791.php
  19. romans holiday

    GOLD

    Nice chart.... bet it looks even better on the log though.
  20. romans holiday

    Trading Volatility, Ballasted by Gold

    One more bungy plunge please Santa.
  21. romans holiday

    GOLD

    These charts from stockcharts.com. But if you want longer time frames, you need to subscribe. The weekly and daily charts suit me fine for trading. I try to let the MAs do the talking. An excellent time to buy gold wouldn't you agree?
  22. romans holiday

    GOLD

    Perhaps a brief dip below the 50 week MA. $Gold looks to be tracing out a large cup pattern. This dip could be near symmetrical to the earlier dip at the end of last year [though perhaps not so precipitous as the price looks to be stabilizing/ consolidating near the MWA] before heading back to the old highs.
  23. romans holiday

    Trading Volatility, Ballasted by Gold

    Yes, you were looking to buy back around 41 right? I'd love to see one last decent dip down here as my buy order is still placed at 40. IF instead it tracks sideway a bit will look at buying back in at around this levels. Will give it the rest of this month first.
  24. romans holiday

    Trading Volatility, Ballasted by Gold

    40 would be nice for Xmas.
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