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   Strategies & Market TrendsBuy and Sell Signals, and Other Market Perspectives


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To: SGJ who wrote (37033)8/28/2012 11:13:30 AM
From: robert b furman
   of 178446
 
Wondering if that's a position being taken betting on Jacksonhole QE 3 announcement?

Bob

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To: penthouse mike who wrote (37032)8/28/2012 11:24:23 AM
From: GROUND ZERO™
   of 178446
 
Absolutely, I agree with you, the model signals are already confirmed, the daily chart patterns can change every moment... meanwhile, I'm going for my workout, so I'm leaving you in charge of these markets, try not to let them get too whacky... my stop for my risky long position is in place, just in case, new lows will stop me out... later...<g>

GZ

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To: GROUND ZERO™ who wrote (36987)8/28/2012 11:24:34 AM
From: Ontherise
   of 178446
 
Commentary from Ed Steer on gold and silver:
We're now down to the last week of summer in the Northern Hemisphere...and once we get past the Labour Day long weekend, I would make the assumption that all bets will be off.

But, having said that, there's still the little matter of what JPMorgan et al did, or didn't do, in the gold and silver markets since the 1:30 p.m. COT cut-off last Tuesday. Their handiwork in Wednesday's and Thursday's big rallies won't be know until the Commitment of Traders Report comes out this Friday. Today, at 1:30 p.m. Eastern time, is the cut-off for that report.

Both Ted Butler and I feel that the Commercial net short position will rise a considerable amount once again...and the possibility of another 'in your ear' moment is almost a certainty. It's just a matter of when...and how bad it will be...and how long it will last. Will it happen starting right after the cut-off...or maybe next week sometime. Maybe they'll get overrun. But, as Ted Butler has pointed out to me over the last ten years or so...if they do, it will be for the very first time.

Not only do 'da boyz' have to get out of their now larger short positions in the Comex futures market, there's also the little matter of the big short position that they now carry in GLD...but particularly SLV. This is something else they'll be gunning for when the time comes.

All four precious metals are already well into overbought territory, so nothing has changed since last Friday...and here's the 6-month silver chart as a 'for instance'. It appears that a top has been painted in silver...and the other three precious metals charts have a similar appearance.

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To: SGJ who wrote (37033)8/28/2012 11:25:56 AM
From: GROUND ZERO™
   of 178446
 
I went long the bonds yesterday, I posted that here somewhere on this thread at the time... to me, the weekly chart pattern for the bonds still looks very bullish...

GZ

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To: Ontherise who wrote (37036)8/28/2012 11:27:25 AM
From: GROUND ZERO™
1 Recommendation   of 178446
 
I wouldn't call a top in gold or silver quite yet, I think those two markets are going much higher, but that's just my take on it...

GZ

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To: GROUND ZERO™ who wrote (37037)8/28/2012 11:35:40 AM
From: SGJ
   of 178446
 
Looks like the bond runaway down leg is officially over. Getting long bonds. Hard to believe ain't it? <g>

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To: robert b furman who wrote (37034)8/28/2012 11:37:53 AM
From: SGJ
   of 178446
 
Those amazing bonds... negative yields and falling, with a commodity bull market starting!

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From: Joseph Silent8/28/2012 12:01:18 PM
   of 178446
 
Small Update.

Message 28366737

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To: Joseph Silent who wrote (37041)8/28/2012 1:15:44 PM
From: Lazarus
   of 178446
 
i've got a similar chart with stochastics looking bullish to me ... but right now i am lightly short


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To: GROUND ZERO™ who wrote (37037)8/28/2012 1:23:35 PM
From: chartseer
   of 178446
 
Expecting support at the 50DMA? I wouldn't count on that just yet. I am usually wrong so you can be glad I think completely opposite of what you posted. I will wait to see if the 50dma offers any support. Or if it doesn't. Currently hedged with no particular bias


.

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