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edgetraderplus

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About edgetraderplus

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  1. edgetraderplus

    GOLD

    Sunday 25 August 2013 Are words food?
  2. edgetraderplus

    GOLD

    100 years ago, 23 December 1913, just two days before Christmas, when many members of Congress were home for the holidays, [horse and carriage, train, not an era of speedy travel], the ones remaining were hand-picked to stay so the Federal Reserve Act could be passed...with no opposition. Traditionally, NO legislation was passed during this holiday period, which did not end until almost mid-January. Yet, the most impactful game-changer ever was passed under such circumstances. The Federal Reserve was modeled after the infamous Weimar bank system. In fact, the first head of the Federal Reserve was brought in directly from Germany. Did not even speak English, at the time. The deviant deceivers, aka central bankers, have sucked the financial life, and all of the gold, out of the United States. Fort Knox is said to house only nerve gas, these days. Der Gold ist gone! Now all the tricks taught by the Germans have come back to bite them in their goldenless ass. Their gold is in China, most likely. The biggest financial scam ever is unraveling on the world stage. As an aside, Deutsche Bank is likely to go belly up, soon. Already under heavy investigation, and severely undercapitalized, their money-laundering may be the proverbial straw that hangs them out to dry. Anyone who keeps money in any bank, including retirement accounts, is a fool for not having heeded the ample warning signs. If you do not [personally] hold it, you do not own it. Paper "assets", in any form, are useless. Great, now I cannot turn off the italics. Good cheers, all. Buy them physicals!
  3. edgetraderplus

    GOLD

    Sunday 18 August 2013 Oops...Hadn't noticed. Sound advice.
  4. edgetraderplus

    GOLD

    Saturday 17 August 2013 How does one start a new paragraph? I press enter, [v limited computer skills, as this little issue acknowledges], but nothing happens, not even "shit and simultaneous enter," a somewhat sophisticated move on my part. Depressing the space key only produces depressing results. Here is my latest article, presented only because I do not see much posting on the timing element for gold, and silver as well, to "launch" higher. Prior to gold reaching $3,000, $5,000, even $10,000 as some [savvy] are suggesting, or even $1,800, it must first overcome the current resistance hurdles found in graphic resistance areas. This has been the biggest problem, that I can see, within the PM community and gold followers. Almost all cite unending fundamental examples, and v valid ones, but for too many months, even a few years, as price as been in a decline, they have been dead wrong as to timing and fodder for detractors. While I do not pretend to have the franchise on market timing. even I can recognize a quality set-up, as the markets frequently serve up for the patient who choose to deal in quality only. The markets have a high degree of logic, and that logic can readily be found in charts. Just another POV. http://edgetraderplu...-pays-to-listen Cheers...
  5. edgetraderplus

    GOLD

    Mr aliveandkicking: [To all, I have not figured out how to get the "enter" tab to start a new paragraph, so I will simply resort to large spaces to designate a new one. I promise this elementary limitation does not reflect on whatever ability I may have to read a chart.] In #30237, you assert, "Gold has a big problem, at the moment." Why? For many, gold has no problem, not at this moment nor at any future moment. An oz of gold today is the same as any yesterday, and it will be the same oz for all future tomorrows. To your earlier point, #30129, gold is not just another commodity like ammo, sugar, or oil. The ammo of the past no longer even functions in the present. Is it still a commodity? Is a comment on sugar or oil really necessary? The fallacy of your logic fails in your first four words. Actually, there is no logic in them. Who, specifically, are "All those who were promising collapse of the 'dollar,' [i will bet you an oz of gold you do not know what a 'dollar' is], "All those" that failed to "see the future correctly?" To my admittedly limited way of thinking, no one, not even you can "see" the future "correctly," whatever "correctly" may mean. Are "All those" massive in number or relatively few? You fail to qualify, and I did not buy into your faulty premise. #30129, "Gold has risen hugely in price since 2008..." What about from 1933? Where does one factually start? In any event, would it not be more accurately expressed that fiat currencies have fallen, instead, for an oz have gold has not changed? I will not address your other comments in that post, for they are merely the product of an individual point of view, and you are certainly entitled to yours, however much you esteem them as a barometer of "All those" others who apparently just don't get it. #30239 is filled with inconsistencies, which seems to be your consistent pattern of expression, especially in regard to your [singular] understanding[?] of QE. Your most prominent expressed opinion, "Most of us were gripped by mania, where protecting ourselves from inflation created by central bankers was vitally important for our well being. Whereas in reality the central bankers are somewhat impotent to create inflation via QE." OMG!!! Are you the chosen spokesman for "Most of us," for surely it did not include me, and a great many others I personally know? You freely opt to your "ourselves" and "our" where it suits your purpose as though you are the proxy for that "mania" group back then. Is it the same "mania" under which "All those" "goldbugs" are currently suffering? Your second sentence is a laughable killer and utterly destroys any credibility you endeavor to exercise. Good for your timing in buying a house in Finland. Where you give yourself a pat on the back, my thought was, even a blind pig finds a kernel of corn every once and a while. We appear to be at opposite ends of the spectrum for that event of personal prescience. I cannot say which of us is more accurate, but it is food for thought, wouldn't you say? Or maybe not... As to those "thugs" who oppose and disagree with you, and "have been comprehensively wrong from many different directions," at least you are consistently singular in yours. I generally dislike engaging in a pissing contest of opinions, but it would be irresponsible of me to not challenge such expressions of thought and let them stand unopposed. Others may think it otherwise credible.... Unfortunately, it caught my attention, and I believe it required an answer from one. "All others" can speak for themselves. Cheers...
  6. edgetraderplus

    GOLD

    Let me add, a change for higher prices may come Monday, next week, next month, next year. Unless it occurs as a surprise, like a spike volume off the bottom, it takes time to turn a market from down to sideways, then up, and that is my point.
  7. edgetraderplus

    GOLD

    http://edgetraderplus.com/market-commentaries/gold-and-silver-only-votes-cast-in-elections-count-same-for-markets While my sentiments for higher prices in both gold and silver remain positive, timing still belies it. At some point, a definite change will show up, but as yet, it just ain't there. I am posting my commentary, not as a puff piece, but to add a chart perspective to the mix. Cheers, all.
  8. edgetraderplus

    GOLD

    Sunday 23 June 2013 - Notanewmember, thank you for the post. DrBubb, you prompted my response. In post 30115, you say about me, "He is wrong - ... " About what? I made no claim about the bar and volume to which you cite, but stated a fact. That is not my point. What matters is your conclusion, "...the lesser volume is a bullish thing - SELLING is drying up" If you can point to me how that "lesser volume" is bullish, as price makes a new recent low, also UNDER the higher volume green up bars, 3 and 4 bars earlier, I would be interested. In the past 20 months, how many longs would you say are profitable, under that "bullish" interpretation? To your second point, "...SELLING is drying up." Where? That last weekly bar shows ease of downward movement, in the form of a wide range bar lower, and a poor close. These are facts. The logical conclusion to be drawn is, SELLERS remain totally in control. That may change next week, next month, no one knows. All anyone can do is to assess what current developing market activity is "saying," right now. The future has not yet happened. The onus is on buyers to show up and make a change, [in futures]. Right now, they are not meeting that burden. My passion is in interpreting charts, using price and volume, with NO extraneous "technical tools," like RSI, moving averages, MACD, etc, almost all of which are occasionally right, like a stopped clock. I have taken the time to respond, not because you claim I am wrong, for I am but the messenger, but because you made a statement that cannot be substantiated, based SOLELY on the available market information. It can lead one to taking the wrong action for the wrong reason. Cheers to you!
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