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May 20, 2010, at 5:09 pm
by Jim Sinclair in the category Jim's Mailbox |  Print This Post |  Email This PostHi Jim, The Gold Currency Index is pulling back as panic selling hits pretty much every asset class. It is likely we’ll get back to that power uptrend support near 30 before this short-term correction is over, at which point we’ll see how the rally from early this year is able to hold up. Continue reading Jim’s Mailbox May 20, 2010, at 1:44 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear CIGAs, Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini May 19, 2010, at 7:36 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostHi Dan, I hope you are well. I am simply writing you today to vent. I own gold. It is insurance. It affords me peace of mind. But I’m also a speculator. I own futures options and mining shares. As of today, I quit. I’ve been a licensed rep for my entire adult life, Continue reading Trader Dan’s Mailbox May 19, 2010, at 3:50 pm
by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This PostStand Your Ground CIGA Eric I have little time for words today, so I will leave you with some images. This is not the money flow setup of a top! Gold London P.M. Fixed and the Commercial Traders COT Futures and Options Gold Diffusion Index (DI): Anyone panicked out of gold in the Continue reading Jim’s Mailbox May 19, 2010, at 2:39 pm
by Dan Norcini in the category Trader Dan Norcini | Print This Post | Email This PostDear CIGAs, Score one for the bullion banks… The capping effort at $1250 was enough to stall the upside long enough to get the usual suspects crowing about another top in gold and start selling. That turned the momentum oscillators bearish and out went the hedgies. Based on the huge liquidation seen on the Continue reading Hourly Action In Gold From Trader Dan May 19, 2010, at 12:49 pm
by Jim Sinclair in the category In The News | Print This Post | Email This PostDear CIGAs, Just to make the case that the algorithms are running gold. Euro: High $1.2256 at 06:20 Low $1.2211 at 10:20 Last $1.2311 at 11:40 There is very major resistance at $1.2453 which was the breakdown of the base of a Flat Bottom Triangle reading $0.99 to $1.01 The euro must be trading Continue reading In The News Today May 19, 2010, at 10:31 am
by Jim Sinclair in the category General Editorial | Print This Post | Email This PostDear Extended Family, We live in market run by hedge funds like all other markets. When momentum of gold appreciation slows the selling starts. When an uptrend line breaks, the slower computers come on with selling. Fundamentally there is no change from the intact Western world economic downward spiral. Technical damage has been Continue reading Stand Your Ground May 18, 2010, at 5:38 pm
by Jim Sinclair in the category General Editorial | Print This Post | Email This PostDear CIGAs, The euro below $1.20 would strongly suggest Chairman Volcker is right on the subject. The euro below $1.10 would confirm that Volcker is correct. Presently there is key support at $1.2150. The euro today traded as high as 1.2448 and dropped below $1.2150 trading now at $1.2202. That is outrageous activity for Continue reading Thoughts For The Day |
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