Hawk's Gold ~ The Legend Continues!

[Goldhedge]

Thanks for the tip, I will be looking into latinum, it looks like a real goer!

"Authors have proposed currencies that are incapable of replication
such as the non-replicable "latinum" used by the Ferengi in the Star
Trek universe, or the currency in Pandora's Millions by George O. Smith,
which is booby-trapped to explode if scanned by a replicating machine."

http://en.wikipedia.org/wiki/Fictional_currency

[Goldhedge]

Ok guys... here is a tip from JSMineset.

He uses a French curve to track on a chart. Can
anyone tell me how to do the following short?

He's speaking about Treasury Bills

Dear Jim,

The “fat lady� is singing sir.

Joe

Dear Joe,

You are right. Here’s a little advice:

Sell the rallies short using a French Curve short term.

Buy to cover using the same tool.

This could be an occupation for the next 10 years minimum.

Be professional and wait for the trade to come to you.

Regards,

Jim

[Hawkeye]

Ok guys... here is a tip from JSMineset.

He uses a French curve to track on a chart. Can
anyone tell me how to do the following short?

He's speaking about Treasury Bills

Dear Jim,

The “fat lady� is singing sir.

Joe

Dear Joe,

You are right. Here’s a little advice:

Sell the rallies short using a French Curve short term.

Buy to cover using the same tool.

This could be an occupation for the next 10 years minimum.

Be professional and wait for the trade to come to you.

Regards,

Jim

[Zed]

"Authors have proposed currencies that are incapable of replication
such as the non-replicable "latinum" used by the Ferengi in the Star
Trek universe, or the currency in Pandora's Millions by George O. Smith,
which is booby-trapped to explode if scanned by a replicating machine."

http://en.wikipedia.org/wiki/Fictional_currency

Doh....!

You like my fictional chart?

Oh jeeze.... if only, sounds like cool stuff.

[RichG]

Very nice Hawkeye ....

[Zed]

These divergences are bothering me a little, I want to see them resolve. Until broken I have to go with the first major level of support around the 27.50 level. I think $25 is quite strong but would reassess if we get there, that is my worst case view ATM.

I was gunna post this on Axe's, errrrrr I mean Nero's thread but... it is here instead !

[Strawboss]

Zed,

If $25 ends up being the neckline to a head and shoulders, we might end up seeing silver back around $19.50ish.

These divergences are bothering me a little, I want to see them resolve. Until broken I have to go with the first major level of support around the 27.50 level. I think $25 is quite strong but would reassess if we get there, that is my worst case view ATM.

I was gunna post this on Axe's, errrrrr I mean Nero's thread but... it is here instead !

[Hawkeye]

[Hawkeye]

[Hawkeye]

It depends on where the bottom forms ...but for now here are some targets

[Goldhedge]

Doh....!

You like my fictional chart?

Oh jeeze.... if only, sounds like cool stuff.

Absolutely! What year is it? 2480.92??

[the wave]

[Hawkeye]

Sooooooooo what's up wif da wack a mole wave?


Did you ever think 1385.50 would seem low for Gold?

[Zed]

Zed,

If $25 ends up being the neckline to a head and shoulders, we might end up seeing silver back around $19.50ish.

Show me the volume pattern... no volume no H&S

[Zed]

Sooooooooo what's up wif da wack a mole wave?


Did you ever think 1385.50 would seem low for Gold?

Crazy ain't it?

[the wave]

A kiss now at 1380 here to 1403 back down to 1380 for the third kiss goodbye . Then the attack for 1450. The slanted eye guys should put in a floor and any gifts given by the boys leading up to Dec 27 .

[lunar]

...and once again thanks Hoka

[dacrunch]

HI Hawk!

Don't shoot the messenger... but December is often "weak" on "fall-spring rally years"...

[Zed]

The short term pattern in the USDX is a consolidation pattern, the break out should be in the direction of trend... which is up.... for now! $64 Question is, if this is so, how does this play for gold and silver? Absent another flare up in Europe it is hard to see how this will not be a short term drag on the PM's.

2c FWIW.

[jbilprophet123]

The short term pattern in the USDX is a consolidation pattern, the break out should be in the direction of trend... which is up.... for now! $64 Question is, if this is so, how does this play for gold and silver? Absent another flare up in Europe it is hard to see how this will not be a short term drag on the PM's.

2c FWIW.

The behavior of the USD is what has really kept me from buying at lows for last 2-3 days.
On the other hand silver and gold i do not get a bearish "feeling". They look perfectly neutral.
And Gold stocks are saying hi-ho silver we are going higher.

For the first time in a long time i am not sure where POG is headed. Same condition after a 10% correction from top i would tend to be long
because it would be a good value. So close to ATH it seems prudent to wait on the sideline.

[Aussie]

. . . it seems prudent to wait on the sideline.

Regarding stocks, I am currently "in" up to my waist, not my neck . . .

[Zed]

Regarding stocks, I am currently "in" up to my waist, not my neck . . .

Snap...



Lets hope it ends better!

[Winston_Room101]

Was wondering where the horizontal lines, of the Step-By-Step ( pictures of Swing'in ), came from
so, I dreamed up this
http://img692.imageshack.us/img692/7...yegoldltm1.jpg

Was it a good dream
or was it a nightmare ..... LOL

[Zed]

Looks doable...

[lunar]

Water, Meet Blood - JP Morgan Admits To, Reduces Massive Silver Short Position, Proves Millions Of Conspiracy Theorists Correct

Submitted by Tyler Durden on 12/13/2010 18:58 -0500

In the latest example that virtually every conspiracy theory is almost always inevitably proven to be fact, the Financial Times reports that JP Morgan, the firm targeted by thousands of "tin foil hat" wearing, conspiratorially-oriented "gold bugs", has cut back on its US silver futures. "JPMorgan has quietly reduced a large position in the US silver futures market which had been at the centre of a controversy about its impact on global prices for the precious metal." And in what can only be considered an unprecedented victory for all those who have over the past year agitated to putting JP Morgan out of business, most recently spearheded by the likes of Mike Krieger and Max Keiser, by forcing a massive short squeeze on its commodities trading desk, we learn that "the decision by JPMorgan was an attempt to deflect public criticism of the bank’s dealings in silver, a person familiar with the matter said. The person added that the bank’s position in silver would from now on be “materially smaller� than in the past." Of course, the latter is pure and total bull****: as Bart Chilton indicated over the weekend, it is JP Morgan who at one point or another (and possibly very recently) controlled as much as 40% of the silver market, via a massive short. Attempting to make others believe that this short could be covered without pushing the price of the silver metal to over $100/ounce is an indication of either how stupid JPM believes the general population to be, or just how desperate the firm is to end the ongoing short squeeze onslaught. Either way, we are confident that this first unprecedented confirmation that a) JPM is indeed massively short silver and b) that it is hurting bad, will merely redouble efforts to put the world's biggest financial company out of business........

one comment from
by Eternal Student
on Mon, 12/13/2010 - 23:07
#803623
You need to read between the lines here. Plus another little report which was published over the weekend said that JPM was offloading their silver short positions to the next tier, HSBC and BofA, IIRC. And getting others more involved.
So I read this as a shell game. They're going to try and blow up all of the Banks, again.
I've forgotten where I read the report. Might've been on Harvey's blog, or Turds.

[jupitergold]

Hawk,

What do you think of Uncle Bucky? As of today (12/15/10) I have it looking back to the slanted neckline of a large H&S pattern. Original neckline break on 12/13/10 @ 80.13 had very strong volume down and today is a look back touch to the neckline. Pattern projects to the lower 77's.

I'm bleeding on my gold contracts and holding so long as last week's double bottom holds. Market variables for me are the confirmation of the tax bill extension and rattling for this week's option expirations. Thoughts on bucky and gold.

[the wave]

A kiss now at 1380 here to 1403 back down to 1380 for the third kiss goodbye . Then the attack for 1450. The slanted eye guys should put in a floor and any gifts given by the boys leading up to Dec 27 .

That worked out nice !!

[jbilprophet123]

Hawk,

What do you think of Uncle Bucky? As of today (12/15/10) I have it looking back to the slanted neckline of a large H&S pattern. Original neckline break on 12/13/10 @ 80.13 had very strong volume down and today is a look back touch to the neckline. Pattern projects to the lower 77's.

I'm bleeding on my gold contracts and holding so long as last week's double bottom holds. Market variables for me are the confirmation of the tax bill extension and rattling for this week's option expirations. Thoughts on bucky and gold.

Hawk charts are rare find now a days

My humble opinion while not yet confirmed USD has a found a ST if not MT bottom.
Gold/Silver, in case usd has formed bottom have really topped quite possible in MT.
If that happens to be the case a 10% min decline from 1430 top gives a range of 1300 as a very good entry point.

If USD spends sometime below 80 again and 79.6 I will change opinion.

[Zed]

That worked out nice !!

A bit early to call that aren't we?

[Goldhedge]

Record cold all the way down to Florida.

They have golden orange juice down there as a cash crop.

I suspect they'll lose a lot of orange trees from frost kill.

How can we profit on this cold snap? Ideas?

Too late for orange futures? ETFs?

[the wave]

A bit early to call that aren't we?

As I write gold is at 1380 spot . A move up to 1450 is all I need to go 3 for 3 on the call. Before the Dec.27

[Zed]

As I write gold is at 1380 spot . A move up to 1450 is all I need to go 3 for 3 on the call. Before the Dec.27

Yes... exactly, anything can happen here, at least wait for it to bounce before you do a victory dance!

[Zed]

Record cold all the way down to Florida.

They have golden orange juice down there as a cash crop.

I suspect they'll lose a lot of orange trees from frost kill.

How can we profit on this cold snap? Ideas?

Too late for orange futures? ETFs?

Get long OAP nipples.... they will be in great demand!

[Weatherman]

As I write gold is at 1380 spot . A move up to 1450 is all I need to go 3 for 3 on the call. Before the Dec.27

I hope you are right about the third leg up, but win or lose on that, you have my attention! Keep up the good work!

[lunar]

http://watch.bnn.ca/#clip389813

interesting Attachment 5738

[Weatherman]

interesting

Wow! JPM alone held 35% of all the silver futures short positions! Bart talks about reducing the maximum level to 10%. This looks like the motivation JPM had to push many of its silver shorts onto other banks.

[the wave]

The work crew is working on the 1380 floor repair

[Hawkeye]

Silver as you can see here in super slow motion has had two back to back up years I'm rooting for a third ...fwiw





If sto comes out onna close on the weekly look out below



Can't furget GOLD ....It's getting ready.... it looks like.... to start the trek to over sold...we see stay nimble ...lol

[GoldWampum]

http://watch.bnn.ca/#clip389813

interesting Attachment 5738

That IS interesting. Now, tell me this guys... not that I think it's true, but he's talking net correct? What if it turns out they can get net 10% without much trouble? Does that satisfy the equation?

[GoldWampum]

Wow! JPM alone held 35% of all the silver futures short positions! Bart talks about reducing the maximum level to 10%. This looks like the motivation JPM had to push many of its silver shorts onto other banks.

Again, isn't he talking net 10%?

[lunar]

<hr style="color: rgb(204, 204, 204);" size="1"> Victor Sperandeo
Wednesday, December 15, 2010

Victor Sperandeo: President and CEO of Alpha Financial Technologies - In 2008, Mr. Sperandeo was inducted into the Trader Hall of Fame. He is a professional trader with over 40 years of experience on...
More... (audio)
He has traded independently for, among others, George Soros, Leon Cooperman and BT Alex Brown.

...Inflation is in the card gold is moving up....gold is money silver even greater appreciated

---> http://www.zerohedge.com/article/map...world-disorder
__________________

[Hawkeye]

Record cold all the way down to Florida.

They have golden orange juice down there as a cash crop.

I suspect they'll lose a lot of orange trees from frost kill.

How can we profit on this cold snap? Ideas?

Too late for orange futures? ETFs?

Well it's never to late for futures ..lol...when you can play both sides ..


* Ticker Symbol: OJ
* Exchange: ICE Futures
* Trading Hours: 7:00 a.m. to 3:15 p.m. EST.
* Contract Size: 15,000 pounds of orange juice solids
* Contract Months: January, March, May, July, September and November
* Price Quote: Ex $1.0805 per pound
* Tick Size: 5/100 of a cent per pound ($7.50/contract).
* Last Trading Day: Fourteenth business day prior to the last business day of the month.

There are a handful of broad-based commodity ETFs on the market for investors to choose from. They include:

* Dow Jones-AIG Commodity Index Total Return ETN [NYSE: DJP]
* ELEMENTS Rogers International Commodity Index ETN [NYSE: RJI]
* ELEMENTS S&P Commodity Trends Indicator ETN [NYSE: LSC]
* Goldman Sachs Commodity Index (GSCI) Total Return Index ETN [NYSE: GSP]
* GreenHaven Continuous Commodity Index Fund [AMEX: GCC]
* GS Connect S&P GSCI Enhanced Commodity Total Return Strategy Index ETN [NYSE: GSC]
* iShares GSCI Commodity-Indexed Trust ETF [NYSE: GSG]
* PowerShares DB Commodity Long ETN [NYSE: DPU]
* PowerShares DB Commodity Index Tracking Fund [NYSE: DBC]

[Hawkeye]

Corn heads up ...better late than never

Slow and steady.... but up it went ...fwiw

[Hawkeye]

I've gotta stay in touch better ....sorry...Have I got stories for you ....

[Hawkeye]

It's da Holiday season ..well whoop de doo and dickery dock ,,,lol

[Eat Beef]

Tanks Hawk, I was worried my Platinum subsciption had run out...

Are there any more headwinds on the weekly, or is she a full on breakout?

[Zed]

Hey .... da creature lives!

I'm still long OAP nipples, dey gunna need them!

[Goldhedge]

Thanks Hawk...


Sure wish you were giving classes at the local college!

Anita Bryant said:

"A day without orange juice is like a day without sunshine!"




...and a day without sunshine,






is just like night....

[lunar]

..thanx Hawkeye and now --->full moon 21st december 2010

"NASA reports that this is the first time an eclipse has coincided with a solstice since December 21, 1638, and the next one won't come around again until 2094."
http://www.youtube.com/watch?v=0GnmA...layer_embedded

[Hawkeye]

Tanks Hawk, I was worried my Platinum subsciption had run out...

Are there any more headwinds on the weekly, or is she a full on breakout?

How about we look at da monthly ....