Thread: Discuss Commodities and Stock Market Indices

Here is a look at historical gold and how the top was called back in 1980. For anyone who is trading this gold bull run from a longer perspective.

Gold bull moves are pretty much exponential with accelerating momentum, which is what a french curve and log chart will show.

Here is a look at the bull run in 1970, weekly, with a french curve.






Finally, this gold bull run is being worked out on a much longer timescale.

Scaling the curve to match the swings within the curve giveing both support and resistance; yields a monthly curve fit; projecting price out to $20,000/oz or more.



All this has happened before and will happen again....

Here is another observation on gold....

This is a gold chart but filtered on a time template to only show price during the comex open outcry session...(8:20-13:30 EST).

Quite interesting as id say 90% of price moves happen within this time, very few gaps.

Which means, come 13:30 EST you can go home and not think about gold. Something to think about.

Originally Posted by speculator84

Here is a look at historical gold and how the top was called back in 1980. For anyone who is trading this gold bull run from a longer perspective.

Gold bull moves are pretty much exponential with accelerating momentum, which is what a french curve and log chart will show.

Very interesting. Thanks for posting it.

Originally Posted by speculator84

Here is another observation on gold....

This is a gold chart but filtered on a time template to only show price during the comex open outcry session...(8:20-13:30 EST).

Quite interesting as id say 90% of price moves happen within this time, very few gaps.

Which means, come 13:30 EST you can go home and not think about gold. Something to think about.

Love it when you post those charts speculator...thx.

Gold weakening a bit this morning...could be nearing its next pull back within its larger uptrend. We'll see.

Originally Posted by Sean Hyman

Gold weakening a bit this morning...could be nearing its next pull back within its larger uptrend. We'll see.

Did have a trend line break, but in the face of eurogold hitting an all new high and the current geopolitical and economical instability, my money is that it is a very short breather, possibly already over.

Originally Posted by speculator84

Did have a trend line break, but in the face of eurogold hitting an all new high and the current geopolitical and economical instability, my money is that it is a very short breather, possibly already over.

Yeah, you're probably right.

Hey, looks like one of those French curves you talk about....check it out below.

GBP/JPY and USD/JPY both have those French Curves right now.

Oil bounced upward on the inventory number but so far, overall...oil is still slumping over.

Gold breaking down technically in the near term.

Oil trading on the lows of the session right now.

There is an explosive setup happening in gold right now, the cyclicals and short gold players are putting positions on but with the euro collapsing things are not going to go there way and we will see them cover. Jim Sinclair is a genius!

EDIT:

The action in the eur/chf tells the rest of the story....capital is fleeing Europe for Switzerland and the SNB finally threw the towel in.

Originally Posted by speculator84

There is an explosive setup happening in gold right now, the cyclicals and short gold players are putting positions on but with the euro collapsing things are not going to go there way and we will see them cover. Jim Sinclair is a genius!

EDIT:

The action in the eur/chf tells the rest of the story....capital is fleeing Europe for Switzerland and the SNB finally threw the towel in.

Yeah, the pull back won't likely be terribly deep for gold for those very reasons.

Originally Posted by speculator84

capital is fleeing Europe for Switzerland and the SNB finally threw the towel in.

Yes, this has even made one of my favorite currnecy strategists, John K, bullish on gold
DailyFX - Gold May Catch Sovereign Risk Flows as Hungary Flirts with Default

Other good reading on the Dailyfx site today too, which often offers a lot more than only FX material. Great site!

Oil's fossil fuel relative, nat gas, soared again Friday. Substantially on a day when commodities really soured.

Not sure if this is the right spot to ask, but what's the rationale for nat gas bucking oil and most other commodities so significantly?

Originally Posted by SkiBunny

Yes, this has even made one of my favorite currnecy strategists, John K, bullish on gold
DailyFX - Gold May Catch Sovereign Risk Flows as Hungary Flirts with Default

Other good reading on the Dailyfx site today too, which often offers a lot more than only FX material. Great site!

lol oh sh*t!! sell!!