Discretionary Trading
Now Reading
Gold Is Back On The Table
233

Gold Is Back On The Table

by The MoleOctober 29, 2019

Last Friday I talked about gold getting ready for  a break-out to the upside, which – for reasons explained in my post – I happened to be a wee bit skeptical about. As I always love to quote myself here’s the final assessment I offered:

“To be honest it all looks way too easy to me. The Yen has not nearly fallen as much as gold has punched higher over the course of this year. And that’s fine of course – there is never a 1:1 correlation on the very long term.

However with the Fed back to its old POMO tricks you can color me a bit skeptical. I would very much like to buy a clean drop to GC 1485 (where the ST panel shows us a diagonal support line) and perhaps it would even be good for a short term punch higher.”

Now we actually didn’t get a drop to 1485 we got a ride to 1520 which was completely reversed in yesterday’s session. JUST the type of gold bugs honey trap I had been worried about.

Of course on the heels of this massive bitch smack we may be looking at a juicy entry opportunity. It’s not guaranteed, as nothing ever is when it comes to trading, but I propose that the odds of a [sustained] punch higher are much better than they were last Friday.

Which means I’m taking out a long here with an ISL < GC 1482. It’s still possible we first drop back to GC 1475 but if that happens I’ll be looking out for a possible floor pattern.

Gold is a relatively small market so pretty much anything can happen at any time. Place your trades/exposure appropriately.

evil_separator

It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Please login or subscribe here to see the remainder of this post.


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator

  • http://www.quemango.com Herb InCebu

    Also took the long on GC.

  • http://www.quemango.com Herb InCebu

    IWM not really confirming the new highs on the SPX. And the miners don’t seem to have a good change to rally.

  • https://evilspeculator.com Sir Mole III

    May the Market Gods have mercy on us!

  • BKXtoZERO

    again… I am a terrible long. Natty gas looked ready to rock and I grab the first 12% of what looks like a major move and run. Another 10% today. Aaarg… that would have bought a lot of cat food.

  • https://evilspeculator.com Sir Mole III

    How are you trading Natgas? I thought you run a small account… Some ETF?

  • BKXtoZERO

    UGAZola

  • BKXtoZERO

    I just realized that I love being a jerk. I had a nice fat 12% trade yesterday. Result: 1 single line text post. An equal gain on TVIX would be 3 posts 2 pictures and a video. The man behind the mask mystique…..I think I just love reveling in others destruction ala German Shadenfreude. TVIX gains are hard fought and I love seeing the people that suppress VIX getting kicked. Time for those trading psychology classes……

  • pepe

    Short XHB at $45.75. Long NUGT’s from yesterday’s close. Watching WFC for another push higher towards $53 resistance then I think it’s becoming pretty well done and ready for a proper Argentinian asado. :p

  • pepe

    Second week of November last year UNG went from $30.50-$40.00. This winter might be a repeat of last year’s cold.

    I think UNG has shifted from a day and swing trade to a trend trade. I’d either hold longs for a while, pocket weekly premiums ATM or go long OTM December options. A small bet, high return. Just my $0.02 cents.

  • HD

    Sheesh. One seller takes a few days off and SPX prints new ATH’s…..

  • HD

    SPX has a Fibonacci pivot at 3055 and will have symmetry with the rally off the August low.

  • HD

    “But the VIX?!?”

  • pepe

    Re trade agreement: The Chinese can afford to wait, Trump cannot. The Chinese collaborate in teams, planning for the long-term. Trump is a lone wolf, planning short-term. (not a political statement, just a personal observation.)

    I love the smell of risk off in the morning. 😉

  • BKXtoZERO
  • pepe

    Canary in the coal mine?

  • HD

    Maybe Mole should do a wave count in the VIX?

  • Darkthirty
  • https://evilspeculator.com Sir Mole III

    Doesn’t seem like it. Or maybe he’s got more serious concerns than to think about trading right now.

  • https://evilspeculator.com Sir Mole III

    Did you buy that course? Because I really think you would benefit as it seems you’re your worst enemy sometimes.

  • Julie 35 – 25 – 36

    EXAS We took 1/2 off yesterday for some profits into resistances. Today a pullback and subsequent bounce just 2 cents above our stop.on remainung 1/2
    JULIE

  • BKXtoZERO

    I had a mentor in sixth grade. An old lawn mower repair guy helped me with my mini-bike but it turned into a friendship and an apprenticeship. He was an old WW2 guy, late 70s at the time. He taught me a lot. As the years went by after the first summer when I was there every day I had other things going on, school, growing up, but I would stop by to see him. It was getting less and less frequent but I stopped in one day and he was watching the Rockford files….. day time TV. Casually he mentioned that he was going in for surgery in a few days. My mom was a nurse and she knew the hospitol…. she took me there to see him and his face lit up. He had no family. That was the last time I saw him. Whatever it was, he didn’t make it. Herbert C. Drew of Audubon NJ. Good man.

  • BKXtoZERO

    agreed.

  • pepe

    The universe always remembers kindness.

  • Darkthirty

    True, I’m getting Dynesys in L1-L2, L3-L4-L5 was done 15 years ago and is great. Got a chunk of bone in the foramen impinging on the cord, also. Looking forward to the surgery, but it’s pretty risky. If I get stuck in a wheelchair, I’ll probably get stuck on the RR tracks of my own accord….

  • Julie 35 – 25 – 36

    Chief Going to join you in the Gold play but not the yellow metal. Going with the miner Barrick
    GOLD
    JULIE https://uploads.disquscdn.com/images/52a4074d46c54a48d96838b32ef08201f0effa9f4d52c34b5a6010c98dc76d14.png

  • http://www.captainboom.com/ captainboom

    Plus, Xi is president for life. He’s got all the time in the world.

  • pepe

    I worked a bit in China during my previous life, specifically in Shanghai and Beijing. And it’s not a communist economy, it’s a capitalist market economy lead by a one-party system (as opposed to the US’s two-party system).

    And I’ve never seen so much wealth as in central Shanghai. When you arrive, you get picked up by a Mercedes limo or take the high-speed Maglev train (268 mph) into Pudong where there are luxury malls and restaurants in excess. It’s beyond anything I’ve seen or experienced anywhere else in the world. And the level of service is outstanding.

    The Chinese politicians are the most brilliant and brightest from the best universities. To get to a leadership position, you have to work your way up, similar to the US corporate organizations. So my bet is that the Chinese will get what they want in this trade negotiation. And don’t forget, before China became “communist” in 1949, it was one of the most innovative and commercial cultures in the world, and still is. Trading is in their blood.

    So, when a loud-mouthed real estate developer come elected president with zero international or foreign policy experience who inherited his millions from Daddy says he’s going to make a great deal for the American people, I’m very skeptical. But miracles can happen. 😉

  • https://evilspeculator.com Sir Mole III

    Crikey that sounds nasty. Hope you’ll make it out okay mate.

  • https://evilspeculator.com Sir Mole III

    I think your collective emotions and dislike of President Trump are tainting your outlook. Apple is already moving out of China and other large corps are about to follow. Bottom line is this: The US is the biggest consumer by far and China is one of many producers we are able to choose from. Without the US buying China’s products they are dead in the water. It doesn’t matter if they put Xi’s head into a glass bowl and make him president for the next 500 years. BTW, which is a direct violation of the WTO treaty they signed in 2001. You can add that one to the hundreds of others China commits on a constant basis and have never been called out on.

  • Darkthirty

    It’s like the cartoon above. Endgame soon enough…….

  • pepe

    Thanks for balancing my perspective. Despite feeling that Trump is “a bad hombre” I don’t feel emotional about this issue. Just trying to cut through all the BS that is spouted through the state machines.

    US and European corporations are moving marginally out of China but yes, the US consumer – now and probably for the next few years – is collective the single largest buying force, financially AND culturally, in the world.

    And yes, the Chinese play by their own rules, of course, as the US have since WWII, while most other Western nations have followed. There is a lot to say about the US intervention in the world – for good and evil – but this is not the place or time.

    I’m not saying that what the Chinese are doing is right or wrong, my point is that the groundswell that the Chinese have been building for the past half century should not be underestimated. They will be the largest and strongest economy within the next 10 years followed by India. By then, 3 billion people compared to the US’s roughly 400MM.

    I understand that this fine community is not about politics but about banking coins and I do apologize going political. It was well-intended, just sharing my experience in China to balance the conversation and the stream of news. 🙂

  • BKXtoZERO

    L some tvix 9.5 intraday

  • pepe

    Miners long as well via NUGT.

  • http://www.captainboom.com/ captainboom

    Well said. I visited China in the late 80’s while in the military, and then again on business in 2009 and 2012. The economic growth was incredible. From viewing thousands of bicycles and a few trucks in the course of a one day visit to the mainland, to thousands of cars and trucks on a given day was quite the contrast. Of course, with that rapid growth came air pollution that will choke you. All. The. Time. Reminds me of the tear gas chamber from bootcamp. Americans have no idea how good we’ve got it when it comes to clean air. They also have no idea how different the culture is, and that the Chinese are definitely in it for the long game.

  • BKXtoZERO

    ooot, flat, have some small vix on

  • Julie 35 – 25 – 36

    SPX Negative divergences 60 min chart FULL STOCHS and MACD Now two topping tails on candles yesterday and today. As stated previous threads SPY volume ultra “Poopy” and loss of momentum. Let’s see what tomorrow brings Guys
    JULIE

  • pepe

    First time XHB is closing below 5-EMA and short -term bullish trendline in two weeks. Targeting $44.50 EOW.

  • Julie 35 – 25 – 36

    Hi Pepe You beat me to it ! lol!
    JULIE

  • https://evilspeculator.com Sir Mole III

    Well, you’re keeping your cool – that’s half the battle.

  • Kishore Kumar

    “the Chinese play by their own rules,..”

    But, as per “their rules”, the only thing straight about them is their hair! The Indian PM has directed Indian companies to not collorate with Chinese companies on projects that can potentially impact national security.

  • Mark Shinnick

    Yeah…makes it all worthwhile.

  • Mark Shinnick

    Did you get an email to him, Mole?

  • http://iberianviews.blogspot.com/ catracho

    NDX daily – RSI broken down trend – and neg divergence..
    BUT if no follow through may be a fake out break out!
    still caution warranted – BOTH ways https://uploads.disquscdn.com/images/ff16f14381148d8a6f5356f3e9b7ffd1e741e3673402961bbeaca8f400179975.png

  • sutluc

    I have been holding a position in SVXY for 20 calendar days now.
    I am still holding, trailing a stop, but cracks are beginning to show. ES makes marginal new highs, SVXY doesn’t.
    Doesn’t mean the ES is for sure going down or anything like that, no such thing as a sure thing, but I do see it as a warning.

    No, multi-week holds are not at all unusual for a trend campaign of mine.

  • pepe

    Wise. 🙂

  • http://www.quemango.com Herb InCebu

    Will the FOMC save the day? IMO they are going to juice this market with QE for the next year.

  • Julie 35 – 25 – 36

    Agrees Catracho. Well done
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    ..did you leave the freezer open again?
    https://weather.com/maps/ustemperaturemap

  • Cyd

    WFC is going to my target 53 – 54 Today’s high 52.36
    Cyd

  • Cyd
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Cyd

    Thanks Senor Gerb as we are now in the ball park
    Cyd

  • http://www.quemango.com Herb InCebu

    Put some coin in my pocket and got out because it is coiled up on the hourly, ugly on the 4 hour with a pending FOMC. I guess I could have let my stop work but I just hate waiting for the Fed with a sliver of profit in my favor.

  • pepe

    XHB on the move. Let’s see what happens at the $45 gap.

  • pepe

    Getting ready for the Sunday roast. Watching. 😉

  • sutluc

    Stop hit I’m out.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • pepe

    Right about my target zone. 😀

  • Ronebadger
  • pepe

    @disqus_qkFlPoMLUZ:disqus TLT hit $137 target spot on and now bouncing. Watching for follow-through confirmation.

  • pepe

    NUGT: Bull flag on daily and bounced off support at $28 on daily. Watching.
    https://uploads.disquscdn.com/images/b1c10dd090d2fc1c4b5afc70c344e091239abd032e776c414fa072b194f60190.png

  • Ronebadger

    Russel 2000 – Nice 4 touch orange trendline…with a purple base? We’ll see… https://uploads.disquscdn.com/images/53e1983bd53f30583e5edda4d1bc02193ead4725e00b01799a06a88b791e7c32.png

  • Mark Shinnick

    Nice charting there.

  • Mark Shinnick

    Yes, there’s nothing especially dertermanitive quite yet.

  • Ronebadger

    Transports now down 2.52%

  • pepe

    Long @ $28.75.

  • BKXtoZERO

    The spike low this morning gives the appearance of going higher…

  • BKXtoZERO

    I beat you by 0.35 cents 🙂 hopefully we both are +10$

  • Darkthirty

    What time is the fed announcement?

  • pepe

    2 PM EST.

  • Darkthirty

    Thanks

  • Mark Shinnick

    Looking at things like O, there remains a lot of money and confidence in RE.

  • HD

    10 handle rally off the early low. Weird.

  • HD

    Fade, on deck

  • Julie 35 – 25 – 36

    EXAS We held our remaining 1/2 position long earnings.The guidance was disappointing and a dump with a bounce today.We were able to get out unscathed with the remaining position on the bounce.Bought Barrick (GOLD) yesterday with the gold play along with the Chief and others. GOLD up approx 1% today.GOLD a longer term trade SPX today.s low and minor bounce approx 5 ema
    JULIE

  • Julie 35 – 25 – 36

    Nice trend line RB
    JULIE

  • Julie 35 – 25 – 36

    @ Pepe XHB a minor bounce near it’s 21 ema. Going to wait and short a bounce to a lower high or an Adam and Eve double top.IMO top picking XHB is futile. Always best to short a lower high on a bounce or rally. Ideal short would be a drop to the lower Bollinger Band 21,2 then a bounce and failure going up into it’s 21 ema on less and declining volume. r
    JULIE

  • Mark Shinnick

    Yeah…all weird. Doing some tvix.

  • Cyd

    Chiming in WFC It has come to us as I had a 53 – 54 target posted.Trading today inside yesterday’s candle and will short a bearish break below shown support and 5 ema
    Cyd https://uploads.disquscdn.com/images/88b794cdb404d03fb4f644bc7ccb76273ca4cffbd7c9bbe06e410ddd21cd757c.png

  • https://evilspeculator.com Sir Mole III

    Remember when I told you guys that Deutsche Bank was dead but just didn’t know it yet?

    https://www.zerohedge.com/markets/deutsche-tumbles-after-ibanking-profit-plunges-73-bad-bank-posts-negatve-revenue

    It’s going to get worse for them in 2020. Reason being that their profit model is broken, courtesy of the ECB. So Draghi telling European banks to keep an eye on their price/earnings ratio is a bit of a joke as he and his ECB minions are the ones who caused this.

    Anyway, 2020 is going to be a rough ride.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    ..watch that MACD histogram. (13,45,5)
    big drops around zero. zero around big drops.
    https://uploads.disquscdn.com/images/3d80028d03aaf2371c4885abf8af2688abda52a62510ce83d47c023a9dd86c5b.png

  • Mark Shinnick

    Lots of Zombie stuff out there. That’s what we get when capitalism isn’t allowed to work.
    Commies took over when they lost their former jobs; it all in the intent of goons to begin with.

  • Julie 35 – 25 – 36

    Hi Chief We always watch the European Financials (EUFN) Pulling back from a resistance zone and upper parallel channel drawn
    JULIE https://uploads.disquscdn.com/images/c1547abab71ac30756a2fae7d50da09aa80eb4e6ccf40d53fd094f6a77b900d8.png

  • Julie 35 – 25 – 36

    Guys Remember the first 6 trading days of a month are retirement and 401K contributions.Let’s see November and will the institutions sell into it.? Could be with the present low volume in the markets.
    JULIE

  • Julie 35 – 25 – 36
  • Darkthirty

    Or maybe an EDT that’s just about complete?

  • Ronebadger

    What’s the adage about Fed announcements? The first move is usually the wrong way? SPX on the plus side (right now)

  • Julie 35 – 25 – 36

    Yes RB That is the adage BUT usually takes place the day after the announcement. Everyone associates it with the same day
    JULIE

  • Cyd

    Another chart WFC.The major moving averages are in a bullish alignment with the 233 ema up trending. It’s had a nice run and Warren Buffett must be adding to his position.Management has made some announcements that some how investors and traders like. WFC recent earnings missed on revenue.IMO it’s a dog and every dog has it’s day. Again target is 53 – 54
    Cyd https://uploads.disquscdn.com/images/1c54057c4bb1cd18f43f3d6324847b5ff1f8d4655a55a0f8bfb144d8aa09c46b.png

  • Ronebadger

    …thought so…

  • Julie 35 – 25 – 36

    Looking at a wedge too D30
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Darkthirty

    A wedgie MIGHT cause erectile dysfunctional trauma, but a wedge might also be an ending diagonal triangle

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    {face palm}

  • Julie 35 – 25 – 36

    GOLD Up a little over 1% today and would like to see more volume. Playing close https://uploads.disquscdn.com/images/c5fc32c10d4b5a77d1845c2eab6964522a28cc257cf2dad7389728137eaf2b40.png to vest with a tight stop on a closing basis
    JULIE

  • BKXtoZERO

    swamped at work, reduced tvix from small to smaller pre meeting…. long NUGT and small vix for me rt now, UGAZ… screwed that one up making 12% missing the extra 15%

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Murphy’s Law. busy work, busy Market.
    slow work, slow Market.

  • Julie 35 – 25 – 36

    BK When up 12% let a trailing stop take you out and ride the wave
    JULIE

  • HD
  • BKXtoZERO

    Been here before too. I thought about leaving some on.. .the other approach. I just have a hard time seeing green and not taking it…..little faith in trends but this may be THE daily chart play.

  • BKXtoZERO

    Well he does have the greatest stock market ever because it should be halved….so great job there. Beautiful stock market.

  • Mark Shinnick

    Nice, gleaming glass surface….an amazing illusion of a bankrupted world.

  • https://evilspeculator.com Sir Mole III
  • Cyd

    Senor G here is the pullback I was looking for https://uploads.disquscdn.com/images/f999c02093b8c199f7ea8e71f261f921ab24c22cf6a3ddfdea67b53f3e778086.png up into resistance UNP down to it’s 21 and 55 ema’s meeting a broken upper downtrend line A bullish reversal tomorrow closing above it’s 5 ema and all systems go. The pullback has been on light volume and today a minor bounce closing mid range

    Cyd

  • http://www.quemango.com Herb InCebu

    It really makes sense from the government perspective. If you pay your car registration or other fees online, they charge you a “convenience fee”. Why? because it is convenient for you; you should pay a fee. If you buy a bond, it just makes sense to pay the government debtor interest because you were hoping to make money. And they know you will when you sell a -0.5% note for -2%. Somewhere over the rainbow…

  • http://www.captainboom.com/ captainboom

    Actually, those convenience fees from gov agencies are to cover the cost of processing your credit card. Typical merchant fees are 2.5 to 3.5%. Don’t want to pay the fee? Pay by check or in person.

  • http://gerb-reloaded.blogspot.com gold_gerb

    RSI 50 FTW

  • Cyd

    Senor G I am on board tonight.TLT could be forming a descending triangle while SPX actually broke out of an ascending triangle. The two usually move opposite. What is interesting is previous threads I pointed out the VIX was mocing up with SPX in tandem for several days.Very common for an ascending triangle to test it’s breakout. I suspect this will happen with TLT a possible up leg occurring and VIX inching higher . There is latent fear in the market presently Your thoughts Senor G ?
    Cyd

  • Cyd
  • Cyd

    I suspect GLD will breakout of it’s flag. Nice OBV inching higher and BB width at a level where we can expect a strong move
    Cyd https://uploads.disquscdn.com/images/d81472725685945d174b44d3cd0d775ed7db7d0bb74ebd1900f390d14a51bcec.png

  • http://gerb-reloaded.blogspot.com gold_gerb

    I disagree. the yen made a big V move today. Nothing burger.

  • Cyd

    ? ? ? $XJY yen has the same chart as GLD They usually mirror each other Senor G
    Cyd

  • http://gerb-reloaded.blogspot.com gold_gerb

    TLT has peaked.

  • http://gerb-reloaded.blogspot.com gold_gerb

    VIX is shady. VIX does mot determine direction.

  • http://gerb-reloaded.blogspot.com gold_gerb

    go to finviz pull up currencies, 5 min. Powell spike I suppose.

  • http://gerb-reloaded.blogspot.com gold_gerb

    BPSPX is rising. Not fear in MYBook. 30 or lower is true fear.

  • Cyd

    Very possible with a descending triangle TLT However IMO SPX another minor leg lower to entice the bears to short and then a ramp up. That is where we plan to resume long our 401K’s
    Cyd

  • Cyd

    The daily shows a hammer

    Cyd

  • http://gerb-reloaded.blogspot.com gold_gerb

    fair enough. spot is at RSI 50. if price hits 1520+. I will totally agree!

  • Cyd

    Watch for tandem moves like on above chart to the very left. What happened ?
    Cyd

  • http://gerb-reloaded.blogspot.com gold_gerb

    I’m in transit. limited charts.

  • Cyd

    SPX rises along with a rising VIX latent fear
    Cyd

  • Cyd

    Senor G You are not drinking and driving LOL!
    Cyd

  • http://gerb-reloaded.blogspot.com gold_gerb

    ‘this time’

  • http://gerb-reloaded.blogspot.com gold_gerb

    Neither. but if it makes me a scoundrel, so BE it.

  • Cyd

    Julie’s husband very rarely has a drink. Julie usually has a glass of wine after dinner.I sometimes drink a cold beer. That’s the extent of us in the Big Sky
    Cyd

  • Cyd

    9;30 here so time for lights out. we will catch you tomorrow
    Cyd

  • sutluc

    I’d say you were wise, It can just as easily gap in the opposite direction.

  • https://evilspeculator.com Sir Mole III

    This must be a new type of capitalism I have never heard about.

  • https://evilspeculator.com Sir Mole III

    Hey guys – I just spent three hours at the damn hospital for some further tests. Huge ass line and I didn’t have time to put together a post today, sorry.

  • pepe

    WFC below 5-EMA but I’ll wait for confirmation. After 3-months trading, I’ve learned that I’m usually a few days too early and that the meat of the trade in profit can be found, not at picking the top, but at picking the confirmed reversal. Patience, grasshopper.

  • pepe

    Sorry to hear but hope you are otherwise doing well. 🙂

  • pepe

    Out of NUGT for 2R. All in cash, exploring new potential setups.

  • https://evilspeculator.com Sir Mole III

    I’ll live – started to have problems with my eyes due to the thyroid antibodies. It’s a royal PITA but we are addressing it. Fortunately getting an MRI done here in Spain was free for me – in the U.S. it would have cost me at least $1k.

  • pepe

    I was scouting houses on Costa del Sol a month ago and learned that the Spanish health care it not just “free” but also excellent.

    I do my dentistry in Mexico City, cheap and excellent, and always includes tacos and mezcal. 😉

  • Ronebadger

    VIX bounces off trendline today…stay tuned…(So far, today’s candle is engulfing) https://uploads.disquscdn.com/images/3f5b91bae3d4f77b6ea8a35a05d0a6b12e08c714c04771729080ba460040092d.png

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • https://evilspeculator.com Sir Mole III

    Well, it was a sexual emergency!

  • https://evilspeculator.com Sir Mole III

    It’s ‘different’ and most certainly not perfect – we have many gripes about it. For basic stuff it’s much better than in the U.S., but if you have something complicated that requires expert opinions you are better off in the United States.

    If I would get cancer or something similarly serious I would probably go to the U.S. for preliminary analysis and then come back to Spain for the treatments.

  • HD

    HD Mod • 2 days ago
    SPX has a Fibonacci pivot at 3055 and will have symmetry with the rally off the August low.

    Meh, close enough….

  • Ronebadger

    Trannies sucking wind today, after overthrow…Canary in the coal mine? https://uploads.disquscdn.com/images/9ce9072e962ac863b80f2e6b6f573ecd8e10a4e927164daca832c55f2d602c2a.png

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    ..you did mention royal PITA
    LOL.
    😉

  • sutluc

    No places’ health care is ever perfect. Everybody always gripes and moans.

    When people need the system they are not at their best and they just want it to WORK, and not just work but work the way they want it to.

    Here in Canada people bitch and whine about health care, and yet the “snowbirds”, the retirees that leave for warmer climates every winter, are awful eager to come back for six months every year in order to retain their Canadian health care plans.

    Get better soon.

    BTW most of the people I see trying last ditch cancer treatments around here seem to be going to Germany, but that’s a small sample.

  • HD

    interesting pattern, good eyes. I’m not sure I know what a candle represents on the VIX?

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    WFC,
    a little coooling after than run. pulling back from the margin.
    JULIE says there is usually three pushes, I count two.

    https://uploads.disquscdn.com/images/0927e2a2c37b133c016df0a3512c3de16d9188ff983dff71cb26a8f6fedeb0bc.png

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Kraft Heinz,
    hopefully they got their damned accounts straight.

    https://finviz.com/quote.ashx?t=KHC

    ““Three months in and we are getting to deeply understand our business,”

    Ya’Think? {face palm}

    *I have no position.

  • Darkthirty

    Hmmm, is that referenced by the “huge ass” line?

  • https://evilspeculator.com Sir Mole III

    Yeah, Candy has a long waiting list, but her lappies are worth it.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • BKXtoZERO

    L tvix 9.44 on the day, needs to move from here, tight

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Cyd

    WFC a bearish close below 51.77 is the short and watch a support @ 50.85. UNP a very strong support @ 165.40. Our GOLD Barrick continuing it’s advance
    Cyd

  • Cyd

    Mole take care of your eyes Julie and I are thinking about you and hope all tests are to the good
    Cyd and JULIE

  • Cyd

    Senor G It’s called 3 drives to the top pattern and there is certain criteria
    Cyd

  • pepe

    SBUX looks good long here on the pullback to the 5-EMA zone for a swing. https://uploads.disquscdn.com/images/327593a65e383eb2552e68e981664091f63adcb2d0cbbe4a6430d8550996fba1.png

  • BKXtoZERO

    eyeing UGAZ pullback w/ a e-entry target of 14.77 gap fill

  • Cyd

    Nice support and resistance lines. One item if that is the selling volume at this time of trading day quite a bit with matching momentum. Very important the positive divergence MACD usually means a pop up to the 55 ema or even the 89 ema. You can see the high of the red candle close to the 55 ema matching the upper bollinger band.Also a positive divergence Stochs Good job Pepe
    Cyd

  • Mark Shinnick

    That’s where I’m positioning too.

  • BKXtoZERO

    Got back into DRV again earlier too at 25.66 but am almost embarrassed to mention this one again. Maybe the 15th time is the charm…………..

  • Cyd

    Everyone Julie slipped on some ice yesterday leaving work and landed on her buttinski. She is a little sore but ok
    Cyd

  • BKXtoZERO

    I wish I was there to break her fall 🙂

  • pepe

    Long SBUX at $83.50.

  • Mark Shinnick

    I’ve still got nothing since last week for drv; is very non-confirmed, still.

  • Mark Shinnick

    Things look to get hot pretty soon…

  • pepe

    Thank you. I patiently (my biggest challenge) waited for the pullback to $83.50 before pulling the trigger. Now we’ll wait and see. Either a small dent or a nice profit. 🙂

  • Cyd

    Yes always let a trade come to you. Patience is a virtue in trading and pays off.We never rush a trade. WFC we let it come to us. A freight train like XHB usually pays off waiting for a secondary lower high to short.

    Cyd

  • pepe

    Thanks for taking the time to teach a newbie. Very appreciated! 🙂

  • Cyd

    What really helps is to have a learning partner. Julie and I are learning together under the tutelage of her husband. He made us paper trade for 6 months then turned us loose with certain criteria He and Gold Gerb go back many years
    Cyd

  • Cyd

    EXAS today bouncing off it’s weekly 89 ema near lower cloud and a lower uptrend line. Both daily and weekly oversold Not shown is the daily chart. target 102.16 – 102.53 https://uploads.disquscdn.com/images/35d532c35302df4a4c78020ddd1eac0254109437a37f66a675789a82268a00d3.png

    Cyd

  • Mark Shinnick

    You picked a great place for a tight stop.

  • Cyd

    WFC must wait EOD for closing candle. Now above support and conversion line (8) which is 51.29
    Cyd https://uploads.disquscdn.com/images/5b68803955eafe4c6db6d19c0d3aec9e7a6c0d784eda63630e327293f0fd1df6.png

  • Cyd

    BKX is rolling over and an excellent chance of a breakout pt failure. If so watch the gap closely mat https://uploads.disquscdn.com/images/c46dcb792f2415292e1e8668d4436836c5fa87ea503a5c86b50f3679a629b24c.png ching the 21 ema. WFC patience with this Dog
    Cyd

  • Cyd

    I must now get some work done so everyone trade carefully
    Cyd

  • BKXtoZERO

    To Zero!

  • BKXtoZERO

    NUGT looks promising…. daily size position with the INTENTION of daily length play. I had the same idea with UGAZ but I lasted as long as an 18 year old on prom night.

  • pepe

    Charts looks good. I bailed to pocket the 2R I got via my options play. Back when I see a cleared breakout.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Cyd

    GOLD up approx 2% today popping above the downtrend line of the falling wedge and above both 21 and 55 ema’s Love it.Buying some EXAS and will add above it’s resistance and 5 ema. UNP https://uploads.disquscdn.com/images/5945bb4d8e1ea8b0a49bc094fd1d2cf6d40e24dfbbf92d60dc3419ac0be579e7.png holding 165.40 strong support and it’s 55 ema. Will wait for UNP with a confirmation reversal candle to go long

    Cyd

  • Cyd

    Whoa UNP may not hold 165.40 support
    Cyd

  • BKXtoZERO

    Out of day tvix…microscopic ding

  • Cyd

    WFC an intraday reversal holding support and several pennies below it’s 5 ema so no short yet. UNP closes above165.40 strong support and holds it’s 55 ema .Closes mid range. Will look for a reversal candle tomorrow
    Cyd

  • https://evilspeculator.com Sir Mole III

    It’ll take 10 days for the results – things move slowly here in Spain.

  • https://evilspeculator.com Sir Mole III

    Snowboards – hehe – I met some of those down in Puerto Vallarta.

  • sutluc

    How do you find that? I never touch anything traded that thinly.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    My whole life I’ve been written off.
    -GenX

    https://www.youtube.com/watch?v=YQUEIhBt_DA

  • Julie 35 – 25 – 36

    Hi GG Happy Halloween !
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    How’s the tail bone? Can’t be doing that much at your age.
    ..break a hip ya’know?
    😉

  • Julie 35 – 25 – 36

    I slipped on some ice in the parking lot at work. I fell backwards and didn’t want to brace the fall with my hands esp the hand that I had surgery so right on my bum
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Yeah, I was thinking about that hand. Good call.

    I’ve been telling you. Trading on thin ice.
    LOL.

  • Julie 35 – 25 – 36

    LOL! Now I have to be on top ! LOL!
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    My trades, of course – are always on fire.
    he he he.
    I own one of these.
    https://www.youtube.com/watch?v=GsLrGSkjmsk

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    a little much for toasting marshmallows!!

  • Julie 35 – 25 – 36

    Were long EXAS and GOLD Cyd put us in
    JULIE

  • Julie 35 – 25 – 36

    We live south of town and no trick or treaters
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Yes, Cyd has kept us updated.
    EXAS *is* on sale, but why?
    why not go with QQQ?

    https://stockcharts.com/h-sc/ui?s=EXAS&p=D&yr=1&mn=0&dy=0&id=p64694813362

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    that’s lonely. our door bell hasn’t stopped since sundown.
    getting cold tho. 60! LOL.

  • Julie 35 – 25 – 36

    GG We are partial to individual stocks over the indices. We will trade the indices but prefer stocks
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    ah yes. I forgot.

  • Julie 35 – 25 – 36

    It’s 10 here 50 degrees difference lol!
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    be damned sure you have an exit.
    GE was on sale, and still is!

    https://stockcharts.com/h-sc/ui?s=GE&p=D&yr=4&mn=0&dy=0&id=p93405895990

  • BKXtoZERO

    I heard you fell on your butt…. I am sorry I wasn’t there to break your fall 🙂

  • BKXtoZERO

    oh… the hand… smart call. After nasal surgery sneeze w/ your mouth open. smart.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    (pigs get slaughtered, you should really know THAT)

  • Julie 35 – 25 – 36

    We have our exits GG We plan the trade and trade the plan. Very seldom do hold earnings
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I’ve got some Summer Heat in jars. just say when.
    LOL.

  • Julie 35 – 25 – 36

    Management of capital is job 1. The people that go all in on a trade or even 50% of capital on a trade are risking way too much and will get slaughtered.Cyd and I only trade the amount that we can afford to lose if wrong. If wrong then not wrong long
    JULIE

  • Julie 35 – 25 – 36

    Hi BK Yup I slipped on some ice and fell backwards on my butt. I am sore but OK
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    fake! need photos.
    LOL.

  • Julie 35 – 25 – 36

    GG Montanans appreciate the winter as much as summer. Winter activities are great Not too many people in Phoenix can ice skate outside in the winter. There are three ponds in the city limits that are great.Ice hockey reserved for one . The other two are for singles and us ladies with our guys. Every night it’s hookup at the singles pond. All three are adjacent to each other. A lot of fun GG
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Nonsense. You’re brain is frozen.
    Brain freeze without the slurpee If you ask me.
    😉

  • Julie 35 – 25 – 36

    I take it that you or family doesn’t ski. Skiing is great as is snowmobiling and tobogganing
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Don’t like falling on my butt. Apparently, you DO.
    😉

  • Julie 35 – 25 – 36

    It doesn’t hurt in the snow. GG the powder is so great in MT that I lost a ski and couldn’t find it.Hunting in the snow is really awesome. Cyd has been thinking about getting another rifle since yo put the bug in her ear
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Yeah. .308 is Sooooo 50’s. time for something classy.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Julie 35 – 25 – 36

    That’s one of her choices 6.5 Creedmor. Grizz wants her to get the Winchester 270 lightweight
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Well, that depends on the size animal and range.
    Ethical Kill and all that Jazz. Grizz knows best.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I’d stay away from the RPC stuff.
    Just go up to the Big Cartridges if that’s the case.

  • Julie 35 – 25 – 36

    GG The winter kills more deer and elk than hunters do. One year the winter was more brutal than average with huge amounts of snow and sub zero into end of March. The MT Fish and Game paid farmers and ranchers to feed them. Last winter was more brutal than average and this fall is taking shape that way too so far
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Quantative Deer Easing. interesting.
    I wonder what the wolves thought of that?

  • Julie 35 – 25 – 36

    GG Have you ever seen pictures of the huge elk reserve in Jackson Hole ? If not you should go online and see the Fed Govt. feeding them in the winter. Beautiful to see. It’s a Fed Refuge for elk. In OR there is the Malheur Refuge for geese and ducks. One time we were driving in Eastern OR and about 1:00 in the afternoon the sky became as dark as night. GG there were so many geese in the sky it looked like night. Thousands and thousands.Unreal to see the vanguard during their migration
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Thousands. I could not imagine. Life truly hangs out on the West Coast.
    I’m stuck with lizards and rocks.
    😉

    I did get to visit a small logging town East of Portland. I’ve never seen so much green. Moss in the deep shadows where the sun never shines.
    Incredible for a desert lad.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    wait, I did see a herd of Elk in Norhtern Arizona. Massive. bigger than the cars. truthfully, I would not shoot them. God’s cattle if you ask me.

  • Julie 35 – 25 – 36

    The Southern Rockies AZ and NM have large elk populations. We have always liked the Southern Rockies.They are high altitude too. If I am not mistaken Phoenix is about 5,000 feet ?
    JULIE

  • Julie 35 – 25 – 36

    You have a great evening GG
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://www.quemango.com Herb InCebu

    QE buying debt with debt. It does not make sense to me but I think debt is unwinding and the central banks are buying the debt no one else wants. Banks rates are not high enough to cover loses – maybe? It is going to get perplexing.

  • http://iberianviews.blogspot.com/ catracho
  • http://iberianviews.blogspot.com/ catracho