tag:blogger.com,1999:blog-5673441815180854503.post3265343867721582615..comments2023-09-10T09:54:59.309+01:00Comments on Screwtape Files: 2013 Metals Pre-gameLouis Cypherhttp://www.blogger.com/profile/07670126160101669248noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-5673441815180854503.post-92045554215496316352013-01-03T07:22:19.438+00:002013-01-03T07:22:19.438+00:00Jim Sinclair has Alf Fields latest TA on gold here...Jim Sinclair has Alf Fields latest TA on gold here:<br /><br />http://www.jsmineset.com/2013/01/02/gold-analysis-2013/<br /><br />Happy New Year to all of the Screwtape contributors and commenters.costatahttps://www.blogger.com/profile/17932860172715556937noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-33866514738043249832013-01-03T02:05:02.166+00:002013-01-03T02:05:02.166+00:00Check that, AAPL's bullish is 660 on the daily...Check that, AAPL's bullish is 660 on the daily, not 600. Oppsies. Still showing bearish 315 on the weekly, though. Funky Tapehttps://www.blogger.com/profile/09271221564702147756noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-1001187712580487722013-01-03T02:02:34.948+00:002013-01-03T02:02:34.948+00:00GM - Point and Figure to your heart's content ...GM - Point and Figure to your heart's content at stock charts.com. Price objectives can flip quickly, so my data was as of 1/1/13. Case in point: AAPL was showing a bearish PO of 425 and then flipped to a bullish of 600 based on today's price action. <br /><br />Funky Tapehttps://www.blogger.com/profile/09271221564702147756noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-9749006310539834952013-01-02T20:34:45.153+00:002013-01-02T20:34:45.153+00:00GMJ,
NFP Friday...GMJ,<br /><br />NFP Friday...S Rochehttps://www.blogger.com/profile/18070519576321568415noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-70390304563263048712013-01-02T16:47:45.927+00:002013-01-02T16:47:45.927+00:00Looking at today's gold action, it strikes me ...Looking at today's gold action, it strikes me as a sucker's rally, rope in some fresh longs, squeeze some weak shorts. Weekly close this week will be telling.GM Jenkinshttps://www.blogger.com/profile/09133132062816684129noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-13268072831347124112013-01-02T14:17:07.462+00:002013-01-02T14:17:07.462+00:00Thanks duggo and Louis.
Funky Tape - I've be...Thanks duggo and Louis. <br /><br />Funky Tape - I've been really short of time so I've been sitting on a bunch of post on charts where the horizontal axis reflects price action more than linear time (which seems not to be the best way to look at these manipulated markets). Would you like to guest post your P&F findings? Interesting conclusion at any rate.<br /><br />Great insight, SRoche. Worth keeping an eye on. Something did appear to be going on behind the scenes last August, with the debt ceiling excuse transparently weak (it's been raised, what, twice since then, by a few trillion, as gold has fallen 15%?)GM Jenkinshttps://www.blogger.com/profile/09133132062816684129noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-12362535463917165232013-01-02T08:09:38.583+00:002013-01-02T08:09:38.583+00:00I will be very interested to see if the next US De...I will be very interested to see if the next US Debt Ceiling debate, brinkmanship, last-minute agreement and subsequent ratings agency downgrade produce the same spike in gold as last time...or whether, as I contend, it was Venezuala repatriating 120 tonnes of gold that caused the spike.<br /><br />Enquiring minds will know soon enough.S Rochehttps://www.blogger.com/profile/18070519576321568415noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-77629550499981731302013-01-01T22:46:56.135+00:002013-01-01T22:46:56.135+00:00Just pulled some P&F charts for the metals. Al...Just pulled some P&F charts for the metals. All daily time periods with "breakout" PO's. <br /><br />Remember P&F data is price action only as it ignores time. Particularly useful for getting rid of a lot of market noise and just getting down to price movement potential.<br /><br />Gold: bearish - 1560<br />Silver: bearish - 25<br />Platinum: bearish - 1390<br /><br />And copper. Make sure you're sitting down..<br />bullish - 8.25<br /><br />Since 2001 when both gold and copper bottomed, gold at $255 and copper at ~$.6, gold is up 6.5x and copper is up 6.1x. <br /><br />Who's going to lead who and which way will they go? Weekly and Monthly 20-period BB's are wound pretty tight. Time to pick a direction after nearly a 2 year sideways grind due East gone basically nowhere. I like to think Dr Copper usually knows.Funky Tapehttps://www.blogger.com/profile/09271221564702147756noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-45835978334369044732013-01-01T17:05:56.742+00:002013-01-01T17:05:56.742+00:00Nice GM. I look forward to getting dumping some si...Nice GM. I look forward to getting dumping some silver in favor of Gold shortly. <br /><br />Louis Cypherhttps://www.blogger.com/profile/07670126160101669248noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-1442508185815590342013-01-01T09:23:42.331+00:002013-01-01T09:23:42.331+00:00I've a suspicion it all makes perfect sense GM...I've a suspicion it all makes perfect sense GM but being a person who is worried about missing the boat I'm buying Gold now!<br />Here's wishing everyone here a prosperous 2013.Anonymousnoreply@blogger.com