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Goldstocks

Choo Choo...Goldie express is out of conrolThis is why you take your stops in Gold and smile. When Goldie gets running, she is a freight train going down hill. Gold has been taking stops and eating the gold bugs for lunch (and dinner). This market is clearly weak. We are wanting to get positioned short on bounces. We will be looking for the Trigger Zone on the weekly chart. If Goldie takes out the July lows then $1,000 is on the radar screen. Keep Goldie on your radar screen.
COMEX:GCZ2015
by OffTheFloorTrader
Gold Surprises as Dollar Gets Monkey-Hammered LowerIn " Gold Leaps Higher as Worries Mount ," I briefly pointed out how those very same institutions that championed quantitative easing policies implemented by the Federal Reserve are now coming out to proclaim quantitative easing added no substantial benefit to the real economy . Gold was pushed lower on the assumption that central banking policy would all pan out and that the U.S. would finally achieve escape velocity; but the exact opposite is occurring. Despite the near 12 to 16 months of absolutely horrendous, even recessionary data, market participants believed that if the Fed began to tighten monetary policy then the economy must be alright. Central bankers,misguided by classroom academics and abhorrent to real world economic dynamics, believe that if you tinker with interest rates that somehow inflation will magically begin to rise. Not so because it is real, meaningful growth that produces inflation; and it is more evident now that the these policies do not produce meaningful growth. I mapped out the dollar's downward trajectory, which was largely based on the floundering economy and the inability for the Fed to take action that will pop asset inflation. I still believe this is based on the above factors and that the dollar will likely gather strength as the US slips into deflation. Traders and CNBC pundits think that if deflation takes hold then gold will surely decline into the abyss. And just like their "lower gas prices equal booming consumer spending" myth, gold falling off a cliff during deflation is just as preposterous. Gold is unique in that if can act like an insurance policy against both sides of tail risk (inflation and deflation). It is well-known that gold had a massive bull run when stagflation took hold of the US during the 1970s. Inflation ran amok. However, nobody mentions that gold tripled, in inflation-adjusted dollar terms, during the early 1930s (the Great Depression) prior to President Roosevelt outlawing the private ownership of gold. As I wrote last April: " There is an assumption that the dollar and gold’s performance is strictly inverse of one another, but that is not so. The WGC (World Gold Council) indicates that between early 2014 and March 20, 2015, the dollar has gained over 20 percent while gold only fell 1.2 percent. Historically, gold prices more than double on a weak dollar than it falls on a stronger dollar. Thus, a stronger dollar is not indicative of massive gold depreciation. When the dollar declines, gold has appreciated 14.9 percent. Yet, when the dollar strengthens, gold has only fallen by 6.5 percent, according to the WGC. " If you look at this chart, you will notice one thing: gold sure looks to trend with the SPX. There is an argument that this due to simple asset inflation. Notice the massive divergence began when gold began to top in 2011. The divergence is what I call the "perception" gap. I expect that divergence to close. It's no secret that I was right about the volatility of 2015, along with other key macro trends. I believe by the end of 2016 and 2017 is when the real fireworks begin. Gold's recent move has been huge, and, of course, there will be profit taking. But those who follow me know that the underlying fundamentals for gold has been strengthening for some time. (Note: the gold chart is the same I used in the above mentioned gold idea, but the minor uptrend (along with new resistance) were added). Please follow me @lemieux_26 and check out my other ideas, which have links to previous writings.
COMEX:GC1!
by CommoditiesTrader
11
Goldie has legs...and fine legs they are!We will be the first to tell you we didn't think this trade was great but I will also tell you that you take your setups and manage risk. We blew through our first target on this morning on the pop. We are pulling stops up to lock in more profits. No risk is on the table at this time. If you missed this opportunity DO NOT chase at these levels. Go back and look at our posts on how we set this up...every step is documented. Trade well.
COMEX:GCZ2015Long
by OffTheFloorTrader
Gold recovery still confusingGold (23.03.2015) moved higher as mention in our last article just around swiss gold referendum & posted a higher above $1300 mark. However it felt sharply & reached to the previous bottom around $1138. Now gold showing recovery from previous bottom level & also broken from a shot term descending channel as shown in picture. However this breakout is not supported well in terms of volume & that force us to stay concern about this upside rally. The strength of this rally will be tested on $1205 once. On fundamental side a clear signal from FED to not raise the interest rate very soon & over bought conditions in dollar could support further. Based on above studies, gold probably will more higher towards $1205 in coming trading session & will test the strength on this mark. Note - Above technical analysis is not a buy/sell recommendation. For recommendations Contact Us Call Us : 088890 34986 www.mantracommodity.blogspot.in MCX levels -> S2(25900) S1(26010) cmp(26150) R1(26330) R2(26510)
FX:XAUUSDLong
by mantracommodity
1