You should have bought ATB'sQuote:
Originally Posted by chad
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You should have bought ATB'sQuote:
Originally Posted by chad
too classy for me. i am more of an old milwaukee type guy.Quote:
Originally Posted by ximmy
i think the Cartel is on vacation. they went a little further than the Hampton's or Long Island.
I received a coupon for $50 progressive transition lenses the other weekend at the market.Quote:
Originally Posted by Horn
Went to the eyeglass store where the optomitrist told me "Those lenses are Chinese crap as compared to what you have!",
that are triple the price.
still checking this guy out ,yes we all know its manipulated ,however if what this guy says plays out it would be good indicators if wishing to sell at sometime
as he puts out free info but charges for traders it is perfect for lo0ng term holders
Silver and gold partially with uncommonly strong buy signals
Please pardon my sarcasm. But gold really delivered an unusually powerful buy signal. I’ve avoided the effort of browsing exactly the last “that important buy signal”. My sensed memory tells me it was months ago. Here again it’s supposed to be a matter of a fake as well as all the “few” short- and medium-term buy signals in 2013 were. The shorts are just untightening the rein a little bit, I think.
If it is really more than a countertrend move since the last important lows, technically silver should have to out-perform gold very clearly, especially now at the beginning of a sustainable possible change in trend! But it doesn’t. It’s bobbing up and down. No impulse move, no energy is to be seen. It’s tinkering again with a formation of continuing the trend. It seems to be an upwards sloping channel. These are unequivocal evidences that another test of the lows is very likely to happen, most probably followed by some new lower lows:
http://www.gunner24.com/typo3temp/pics/bdcf1d6933.jpg
Last Thursday a first little buy signal succeeded on daily base. The Blue Arc Resistance was overcome on closing base. The first target of this countertrend is activated thus. It’s the first double arc at 20.56. A daily close above the first double arc activates the 2nd double arc at 21.20 as the main target of this swing. On Friday the Blue Arc tested back, and the red candle just narrowly above the Blue Arc is another indication how groggy and shaken silver is. Normally the final break of the Blue Arc should have had to lead to subsequent buys…
From the GUNNER24 Forecast point of view there are some other signs of weakness. On the one hand there’s the several time test of the 1*1. Certainly it’s positive that this one resists, but we can’t talk about really strong energy development. Then there was the first initial impulse. It lasted but two days. The really persistent new moves are expected to show initial impulses of let’s say 5-8 days of duration.
If the countertrend wants to last 13 days, at the first double arc and 20.56 it will finish before silver dives again. But the performance of gold (see the next chart…) also permits a 21 day lasting countertrend and reaching the 2nd double arc and the determining resistance line at 21.20. That’s where at the latest the shorties are expected to tighten the hangman knot tensely again.
Gold got through with the best week in all 2013. Yeah…, hard to believe: this fiddling around was the highest weekly gain in the whole year 2013!
http://www.gunner24.com/typo3temp/pics/578d9f5e26.jpg
In the weekly 13 candle up the week traded on the important time line I analyzed most extensively in the last issue. In the important time lines the resistances as well as the supports are pretty easy to overcome. Frequently they don’t play any part. For gold the weekly opening above the lower line of the 4th combined with the important time line constellation finally meant a lush weekly gain.
The weekly close above the 1274 horizontal resistance – now support – facilitates now a test of the 1344-1347 resistance Gann Angle. This one is moving for the next two weeks between 1344 and 1347. The strongest Gann Magnet, in this case the strongest resistance, will be at 1347 the week after next. There the resistance Gann Angle will meet the upper line of the 4th at 1347. What’s in store for gold then, well, some glances into the past are sufficient. A hefty decline is to be expected there! W.D. Gann: „When price meets time a change is imminent“.
This decline is likely to last till the middle of August. We can expect that at least one of the still pending sell-off targets – 1172/1140/1122 – will have to be worked off during this coming sell-off wave.
It will take a weekly close above the upper line of the 4th to deny such an outcome!
We cannot only make out the strongest weekly resistance at 1347 but also an important resistance in the daily time frame – the lower line of the 2nd double arc at 1345:
http://www.gunner24.com/typo3temp/pics/da78d1cb0c.jpg
Gold is showing a 3 day initial impulse from the lows. Thus gold is stronger than silver. On Thursday gold achieved a double buy candle on daily base. Within one day the Blue Arc as well as the upper line of the first square was broken upwards finally. On Friday gold tested back only the upper line of the first square. Thus, altogether gold is stronger than silver, therefore gold and silver are very likely to be in a countertrend bounce now.
First target for this countertrend hence is the first double arc in the daily time frame – 1302. Actually gold is in the 10th day of the countertrend, thus the first double arc is supposed to be reached at the 13th day of the countertrend at the latest = Wednesday. In the strong downtrends the counter moves only extend up to the first double arc before the main trend is resumed again.
But, since the weekly time frame permits the 1344-1347 until the week after next being effective as a resistance there in the daily setup also the 2nd double arc and if the actual countertrend performs in price EXACTLY the way the last important countertrend (purple arrows) did, I think that gold isn’t likely to achieve its countertrend high at 1344-1347 before it’s near to the 21st day of the countertrend.
http://www.gunner24.com/newsletter-a...2013/14072013/
Precious Metals firing buy signals
The big 4 in the precious-metals universe to wit gold, palladium, platinum and silver generate new and partially spectacular buy signals on Thursday and Friday. The liberation strikes in both currently strongest metals in the precious-metal complex – silver and platinum – are not only supporting the one of the complex that is sensed to be the weakest once more – gold, but pointing now to a longer lasting precious-metal rally/bounce till the beginning of September.
All the four mentioned metals are now most likely to be in a confirmed uptrend on daily base, for some higher daily lows have formed during the last bottoming process. Here are the potential uptargets till the beginning of September: Silver = 22.50$; Platinum = 1550$; Gold = 1387$. For palladium the maximum uptarget is 800$.
Let’s consider now in the daily time frame the 4 precious metals with their respective actual buy signals, their uptargets in price and time as well as their inner strength or weakness compared with one another.
Here’s a view to both highflyers of last week. They produced the clearest buy signals.
Silver – 2 candle up setup:
http://www.gunner24.com/typo3temp/pics/efd2d2fa3a.jpg
Finally: On daily base silver is indicating us the first confirmed uptrend of the entire year 2013! Higher lows are the only features for a confirmed uptrend. Last Sunday I was still supposing that silver would have to fall down to the 1*2 Support Angle to develop perhaps enough up-energy in order to be able to start a liberation strike. The visible rebound from the 1*2 Support Angle on Wednesday (green circle) cemented the higher low on daily base. The rebound energy from the 1*2 is extremely strong. Thursday showed the first “double buy candle”. The purple daily trendline and the resistance of the first double arc were closely overcome in one go. On Friday the next powerful buy signal being the next double buy candle followed. In one go the metal came off the first double arc resistance, in addition re-conquering the 1*1 Gann Angle.
Moreover silver achieved a new swing high = uptrend confirmation!
By the final break of the first double arc, now the 2nd double arc is activated as the next uptarget. 21.20 to 21.05 is what silver is expected to be able to attain next week. The next several-day consolidation will have to start at the 2nd double arc. A daily close above the 2nd double will activate the main target of this uptrend in that case = 22.05$. Time target for the 22.50 is the first September trading week.
The perfect (because pretty riskless) entry into the current uptrend should be produced by a possible test of the 20.10 horizontal support next week.
Platinum – 3 candle up setup:
http://www.gunner24.com/typo3temp/pics/5d89671686.jpg
During the last two weeks platinum re-tested intensely the first double arc and the support Gann Angle anchored in the chart above. The fourth test of this Support Angle (green circles) on Thursday was finally responsible for the strong rally then. The rebound energy from the Support Angle is monstrous. It’s rarely to be observed. On one single day succeeded the upwards dissolution of the existing consolidation at the highs, to break the resistance of the daily trendline (purple) and to overcome the resistance area of the whole 2nd double arc – an extremely infrequent occurrence! On Friday the next confirmation of the continuation of the uptrend followed...
... the 2nd was finally broken upwards, thus the next double arc in trend direction is activated as the target: 1550$. This price target is supposed to be reached by the end of August.
An entry into the current uptrend will be granted by A) a daily close above the next important horizontal resistance at 1505 or B) a thoroughly possible extended test of the 2nd double arc and the 2*1 Support Angle: 1484-1475.
The performance of silver and platinum are usually harbingers of what is still to come for gold. Concerning the unambiguous buy signals gold is lagging behind just having been able to establish a higher daily low during the last days. The big crack as in silver and platinum is still due. But it is likely to occur within the coming 5 days by virtue of the forerunner function of silver and platinum, if everything goes expectedly…
Gold – 3 candle up setup:
http://www.gunner24.com/typo3temp/pics/b1e5f811f4.jpg
The most important realization of the last days is – as mentioned – the cementation of the higher daily low. In my opinion it’s very positive that gold is now rising up as both analyzed metals were doing. The 1272 is a strong combined daily, weekly and monthly supports! On Wednesday the third test of this important support on daily base took place – green circles. It was successful, inter alia because on Friday succeeded for the first time closing within the lines of the 2nd double arc. This successful test of the 1272 has got particular impacts in the monthly time frame, hence in the medium to the long term.
The consequences are far-reaching. On the one hand, technically August as well as September is not likely to go beneath the 1272!!! But if it does, prices below 1272 during the next 4-6 weeks would be a new, lasting sell signal after which subsequently the actual correction low at 1182.60 will be headed for.
Well, next week at first the daily down trendline (purple) is supposed to break upwards. A daily close above 1322 will confirm that finally. But gold is not going to fly before the first clear close above the upper line of the 2nd double arc. A daily close above 1330 during the next 5 trading days will generate this next important buy signal. Not before that the 1387 = combined daily and weekly resistance will be finally confirmed. A daily close above 1330 during the next 5 days would activate the 1387 at the 3rd double arc resistance till the end of August 2013.
If no close above 1330 succeeds during the next 5 trading days, well, in that case we’ll have to reckon with a new test of the 1272 till the end of August.
To round off the big picture let’s have a look at palladium, the strongest precious metal in 2013. It’s the only one of the 4 precious metals that comprises a tight plus for 2013: +5%. The world-wide surplus in demand prevented palladium this year from being beaten down the way silver and gold were. Target for 2013 is and keeps being the 800$, as analyzed already most extensively in the free GUNNER24 Forecasts of May 12, 2013:
http://www.gunner24.com/typo3temp/pics/4528954f39.jpg
In the monthly chart above you see the 13 year existing monthly resistance, presented in May 2013. It’s likely to be reached this year yet, passing at 800$.
Now we’re newly given a confirmation for reaching the target by the actual daily up setup:
http://www.gunner24.com/typo3temp/pics/323a4b4d03.jpg
From the June lows a 3 or 5 candle up setup is measurable in the daily time frame. Compared with the other 3 metals this initial impulse is much stronger. Its range comprises about 60$ going from 629$ at the 06/27/2013 low up to the 689$ high of 07/03/2013 – a plus of a 9%. Here again palladium is leading the precious metals. Likewise the following ascent up to the 2nd double arc is proceeding much steeper and thus faster than in case of the other precious metals.
PA # re-tested extensively the 1st double arc after reaching the 2nd double arc bouncing between the 2nd and the 1st double arc to and fro. It’s a strong consolidation formation pointing to rising prices. If this consolidation area is left upwards, it’s likely to be with a strong, steep, fast move. Maybe as early as on Monday PA # will achieve the liberation strike by a mighty buy candle in the style of platinum!
If palladium manages to overcome the short-term orange dotted daily down trendline, it will be likely to go quickly up to the next higher purple dotted daily down trendline = 760$. A daily close above 766 - an important horizontal GUNNER24 Resistance starting from the upper line of the 2nd – would activate the 800$ target in the daily and monthly time frames!
Today KWN is putting out a special piece which has some absolutely outstanding silver charts that were sent to us by David P. out of Europe. These are charts that the big bullion banks follow closely in the gold and silver markets, as well as big money and savvy professionals. David lays out the roadmap for a stunning advance in the price of silver, and also reveals some fascinating points about this bull market in silver.Since the high in 2011, silver has gone through a major correction. Silver is roughly 60% off the 2011 high. This may sound extreme but for silver this decline is just a normal move in its bull market. The first big decline was from $8.40 to $5.40 back in 2004 -- that represented a 35% plunge. The next major pullback took place in 2008, when silver collapsed from $21 to $8.40 -- this, like the recent decline, represented a 60% plunge in price....
http://kingworldnews.com/kingworldne...A10%3A2014.jpg
Again, this type of move would not be extreme because it reveals how violent advances and declines in the silver market have been up to now. If you also consider that silver is now at the most oversold level in history (see bottom indicator in the chart below), the rally from these depressed levels should be stunning. Another interesting formation to watch is the possible flag pattern (highlighted below):
http://kingworldnews.com/kingworldne...A10%3A2014.jpg
Silver will be advancing from a very solid base, and a breakout to the upside from this pattern would easily target $90. I would just add that in a King World News article from January 5, 2012, James Turk also discussed the flag pattern in silver. He said this would be a good launching platform for silver, and also gave his long-term price target of $400 for silver in that KWN piece.
http://kingworldnews.com/kingworldne...or_A_Staggerin g_$70_Surge.html
If one follow the trend line of the previous rally peaks, I would guesstimate a peak this time of somewhere between $120-150/oz for silver...