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   Gold/Mining/EnergyGold Price Monitor


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To: Cogito Ergo Sum who wrote (115236)11/12/2021 9:15:44 PM
From: Rarebird
3 Recommendations   of 116344
 
I focus on the charts, not the news and the charts tell me this market is headed a lot higher, to at least SPX 6k. It won't be pretty when it ends, but it never is. Lots of tears, grief and heartache.

Timing is everything in stock land.

Life is a gift I cherish.

Nothing lasts forever. But I can enjoy it while it lasts before the Darkness comes.

I have an escape plan when the time comes.

Enjoy the Bull ( and Life) while it lasts.

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To: Cogito Ergo Sum who wrote (115236)11/12/2021 9:23:50 PM
From: Rarebird
   of 116344
 
Rub that Aladin Lamp, Sane, and all your dreams will come true. Only problem is there's a price to pay.

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To: Rarebird who wrote (115238)11/12/2021 10:43:24 PM
From: Cogito Ergo Sum
1 Recommendation   of 116344
 
There is no magic lamp.. the moniker was coined by Bowie.. break up the first word into 3

A mood thing.. have had this alias before.. in my most profitable times

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To: Rarebird who wrote (115227)11/13/2021 1:12:44 PM
From: rogermci®
   of 116344
 
I am, a small position with a small loss. Cheap with some recent favorable news.

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To: Sun Tzu who wrote (115215)11/23/2021 8:52:40 AM
From: Rarebird
1 Recommendation   of 116344
 
So, what do you do in a situation like this where it appears that Gold is back below its old trading range ( pending the close, of course) after recently breaking out? Do you sell or hold?

There needs to be a time line for a break out to be considered a true break out. Lots of stocks temporarily break out of their range and then reveal that it was a fake out a few days or a week later.

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To: Rarebird who wrote (115241)11/23/2021 9:18:27 AM
From: Sun Tzu
   of 116344
 
Our expectation was for a pullback to the 1805ish level (just bellow the first target) but not to the 2nd target. Message 33582387

I have to rework the numbers to see what has changed.

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To: Rarebird who wrote (115241)11/23/2021 12:19:19 PM
From: Sun Tzu
1 Recommendation   of 116344
 
On a weekly chart gold and silver look to be consolidating within an uptrend. But the downside support is too low for me. I am going to take the loss until I figure it out.

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To: Sun Tzu who wrote (115243)11/23/2021 12:46:35 PM
From: Rarebird
2 Recommendations   of 116344
 
What took place in regard to Gold is typical: lots of stocks have strong breakouts and then retreat into their own range shortly thereafter. I went through this with AA, which broke out recently with an 11% daily gain, only to fall back within its old range. But now the range has extended. I am up a bit, nothing special. I am long a number of stocks that go up/down 5% on a daily basis. Their daily range is sometimes 7-8%.

In the case of Gold, I think you were wise selling. I say this because Gold is a momentum trade and the momentum was broken today.

I am long stocks that trade within a box of 15%. They hold the range for months, then boom!! It is all about your time horizon and how you size up the company, fundamentally speaking.

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To: Rarebird who wrote (115244)11/23/2021 12:49:38 PM
From: Cogito Ergo Sum
   of 116344
 
Yes I been trading a portion of AA LOL

One win pays most of my mortgage... not shabby LOL

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To: Sun Tzu who wrote (115243)11/23/2021 12:51:00 PM
From: tntpal
1 Recommendation   of 116344
 
Gold low today is $1781.75... [so far]

Message 33586180


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