IF GOLD DOES NOT REACH 1250 BY WEDNESDAY'S CLOSE - BUY AT THE MARKET, USE 1250 STOP LOSS RISK MAX 1% of Portfolio
The "Time at Mode" suggests that the recent 17-day consolidation set up a 17-day decline which is set to expire on Wednesday. This is an aggressive interpretation of the trend-following methodology that I developed, but I did want to put it out there for you to see. I used this methodology to forecast the high in Tesla earlier this year and it works very well enough of the time to warrant your attention.
Tim 10:24AM Monday, September 8, 2014 1257.87 - 10.94 last
Komen
Nick_C_
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Very fascinated
Nick_C_
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Solid work!!
manijeh.kazemi.33
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HI time what is zoar view on gold now my idea is long if price break 1259
HexVex
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Good call Tim!
bickster73
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Hi Tim. Slightly confused. What if it does break the 1250 barrier? What's the call then?
timwest
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Hi bickster73, If it breaks 1250, then it proves the downtrend is in effect and that the sellers are in control. We would look for a lift to sell or another consolidation range to set up and then sell. If you hit targets, it proves the trend is in that direction; In this case, hitting 1250 would prove the trend is down.
gegau
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Hey Tim
2014/09/09's low under 1250, but not close price - would you still consider going long, if we move up?
timwest
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I'm sitting on the sidelines in Gold. 1250 could be a major bottom, if you buy here 1250.75 last, you don't have to risk much. It should move up quickly if it is the bottom. No new lows for 5-days is the first sign of a turnaround. I'm looking at Buying AU (Anglogold Ashanti) after a 2ndary of $2 billion will hit the market to get rid of debt.