Hawk's Gold ~ The Legend Continues!

[Strawboss]

$1350 here we come...

[Hawkeye]

$1350 here we come...

[jupitergold]

Hawk,

On the other site, I traded a leveraged ratio between silver/gold. Put the trade on about 64.4/1, sat on that position for many months, and finally closed it out at 60.66/1. Had to take the money off the table after speaking with some who know a thing or two about precious metals. If we get to 55/1 or lower and gold gives me daily/weekly divergence signal, I will put on the leveraged trade in reverse.

As for now, I'm back to riding with the KING!

[mach]

Great call of $1308 gold Hawkeye....

Do you see sizable pull back from here ?

Please post offen guys....

[mach]

Great Treading jupiter...

What do you think about silver hitting $21.75 today ?
Any pull back entry point ?

[jupitergold]

Great Treading jupiter...

What do you think about silver hitting $21.75 today ?
Any pull back entry point ?

Thank you Mach,

I grabbed just about all the move as I was long December contracts early this morning (right after the 8am spike down) and used the hourly STO to say "time to get long" and sold off a hour ago. Hourly silver is telling me to get short, but I won't touch it with such a strong finish (I'm going to close that 21.33 spot gap up, but nice to see people getting exicited to gap up over 2008's high).

Here's my big concern with silver and I'm on daily stand by on this now, silver may be setting itself up with negative divergence on the daily RSI & STO. The STO is very difficult to see because it's imbedded, but silver needs to get a close above my 84.3 Daily RSI (I use a 14 for those watching). 8 hour RSI is falling in strength but it's all about the daily with me now. If the daily divergence happens and the silver sell off is weak, I will be rolling over to the weekly charts where it can imbed and get real bullish. For now, have to sit back and listen for market moving news and watch price action before I will enter any position.
As far as an entry, silver went from the bottom of my 4 hour channel to almost the top in one day. My long from this morning was at the bottom of the channel (that's why I was watching the hourly STO for the indicator off my support area) and would like to get long again from the bottom of the channel. However, this all depends on the RSI indicator/divergence so I'm flat and willing to miss some money till I have clarity.

Thoughts? What are you thinking or anyone else?

[Farp]

Clarity? That would be a good start! Sheesh!

[Hawkeye]

Clarity? That would be a good start! Sheesh!

We do clarity here ...fwiw ...

[Hawkeye]

[Lt Dan]

Thanks Hawkeye, first actually post here as my thanks button went MIA on me again today. Plenty thanks button hits, busy day.

[Hawkeye]

Thanks Hawkeye, first actually post here as my thanks button went MIA on me again today. Plenty thanks button hits, busy day.

Thanks man! it's good to be busy!!! Lord have mercy!!!!

Fire woman, yeah

Shake, shake, shake, shake it, yeah



Fire woman, yeah

Shake, shake, shake, shake it, yeah

[Zed]

Is it bad to say I want her to catch her breath so she can go longer? A pause here would be good IMO FWIW.

[jbilprophet123]

Is it bad to say I want her to catch her breath so she can go longer? A pause here would be good IMO FWIW.

Agree in general fully. But but think about what it means to embed, ofcourse the great mastero Hawk da man (with no other stuff now) has given those FATASTIC embedding orgasmic charts now.
(Well it is funny using those words in that sentence with no other stuff .. but actually that is da effect. Cause they are so sexy kind of never seen beauties shown in a few high up there double lines on top of each other sleeping above high bed of 80 )

Embed so long is the ultimate trending. When daily to yearly all embed we all jump on bed. That is da case with gold. If the sister silver goes from Looong tooth daily and goes to monthly for a few 6 months strght or a few years to become yearly we are looking at humm 60$ atleast in a smaller timeframe of 1-3 yrs..

Yesterday's episode has got my adrenaline all pumped up. Needed that 1280s episode, i think need that pullback on silver to 20.05 and gold 1280s can actually be done for sometime now..

[Hawkeye]

Is it bad to say I want her to catch her breath so she can go longer? A pause here would be good IMO FWIW.

No! not at all, I'm already looking for the turning point ...gotta wait for sto to confirm though ...lol

[the wave]

Is it bad to say I want her to catch her breath so she can go longer? A pause here would be good IMO FWIW.

This bulls last great spike run from ($947 to 1218) $271 . That was Aug 25 09 to Dec 03 09 . Just adding $271 to the $1218 gets us $1489. Adding $271 to $1164 July 28 10 brings us to 1435. Jim has $1444 after $1369. Is it the same this time ? Time will tell. Can it happen ? Yes it did .

[Hawkeye]

insert a back in the day girly pic here

[Hawkeye]

[mach]

Hawkeye,

Any view of month end & quater end effect on gold ?
Also Ben's spech ?

Thanks

[mach]

Thanks for your reply jupiter..

I am very new in Silver treading and any info from you will help me understand this market & your move....

Seasonal chart suggesting weakness on Silver for October.....Short the next rally ?

[SWRichmond]

Hawk,

Great to see ya boy!

The silver breakout started simultaneously with the following announcements:


http://www.mysmartrend.com/news-brie...nks-future-jpm

JP Morgan Shuts Down Prop Desk, Dick Bove Offers His Take On Banks' Future (JPM)
Written on Tue, 08/31/2010 - 3:42pm
By Chip Brian

8/31/2010-JP Morgan Chase (NYSE:JPM) will reportedly be winding down its proprietary trading desk as part of its effort to comply with the new financial reforms, Bloomberg reported.
The bank will shutdown its prop trading desk for commodities an then fix-income followed by the equities trading desk.


http://www.reuters.com/article/idUSTRE6824E420100903



By Steve Eder

NEW YORK | Fri Sep 3, 2010 5:01pm EDT

NEW YORK (Reuters) - Goldman Sachs Group Inc is closing its principal strategies desk as U.S. regulators try to limit trading risk that major banks take with their money, Bloomberg News reported on Friday.


As I said on Zerohedge, when silver hits 25 bucks I am going to send Blythe Masters a thank you note.

[Hawkeye]

Hey SW!

First they came for the communists, and I did not speak out.... When they came for the trade unionists, I said nothing; I was, of course, no trade unionist.... Now they are coming for the proprietary traders ... ...will you join me in speaking out? soon there will be no one left but the physical bullion holders

[Hawkeye]

Funny how you never see a chart like this on main stream financial television

[the wave]

The avg. upleg in gold since 1968 is 4 months and 16 days . This upleg started on July 28 . Just saying http://www.gannglobal.com/bonds-soyb...ric-positions/

[Eat Beef]

Neat stat, but what's the average upleg since 01?

[Hawkeye]

Hey Beef good question ......

[the wave]

Neat stat, but what's the average upleg since 01?

The monthly chart since 2001 looks like one big upleg to me.

[Eat Beef]

The monthly chart since 2001 looks like one big upleg to me.

My point exactly, it kinda blows the whole "4.5 month" thingy out of the water. I haven't done the research, but I doubt the average over the last ten years is the same, and averaging in a 20 year bear market doesn't make any sense to me.

[Zed]

Why would an average that includes a bear market be correct in a bull? I will go with seasonals and the character that this bull has shown so far over any long term number like that

[Hawkeye]

As you can see the first pull is working and sto is a go ...fwiw

[the wave]

Why would an average that includes a bear market be correct in a bull? I will go with seasonals and the character that this bull has shown so far over any long term number like that

The longest upleg was made in 1979 that went for 5 months 16 days. The avg. downleg is 2 months 3 days. The gold charts starts at 6:11 take look there is 2 downlegs on it that match the avg. to within 1 or 2 days. Armstrong magic number is 8.6 so a cycle would be 2.15 months down, 4.3 months up , followed by 2.15 months down . Wash and rinse start again. http://www.gannglobal.com/bonds-soyb...ric-positions/

[Zed]

I don't really see how this is useful... Armstrong has already blown the April call for a high/low and now we are staring down the reciprocal of that call in October. Its hard to see its a low so a high it is... Seems very early in the season for us to peak out, I can't actually think of a year since this bull started where the New Year saw us lower than October. Sure we typically correct sometime around October but to put in a major peak would be a turn up for the books. Averages are wrong almost all of the time FWIW, about all you can glean is if we are in an abnormally extended period of time, then maybe you turn up the wick on your risk control... but I'd not be sticking it anywhere near the top of the pile of tools to use.

[Farp]

I can tell you how it's useful--it makes us all think. It keeps us on our toes. The new norm is often the old norm; but, sheesh, how come I didn't buy in four months ago if I'm so smart?

What I really want to know is, can we collectively develop a strategy that will utilize what we know about the minds of those who manipulate the markets? I have a big truck waiting. It has been sitting in the garage since July. I want to load it up one more time.

When?

[jupitergold]

I want to load it up one more time.

When?

Not when the first wave of selling comes, the second. The first one everybody "backs up the truck", but the second one is to break their spirits leaving most too scared to buy because "it could fall more" and I'll wait till it gets "up to this point.

[StateofJefferson]

I can tell you how it's useful--it makes us all think. It keeps us on our toes. The new norm is often the old norm; but, sheesh, how come I didn't buy in four months ago if I'm so smart?

What I really want to know is, can we collectively develop a strategy that will utilize what we know about the minds of those who manipulate the markets? I have a big truck waiting. It has been sitting in the garage since July. I want to load it up one more time.

When?

Scale in 1/3 each month for the next three months and you will be fine.

[jupitergold]

Hawk,

What do you think of my chart? The king is now back up into the original 2008 uptrend channel. Going long with a pullback to the lowest/original rail to grab $15-$20 per contract

Thoughts?

[Hawkeye]

Hawk,

What do you think of my chart? The king is now back up into the original 2008 uptrend channel. Going long with a pullback to the lowest/original rail to grab $15-$20 per contract

Thoughts?

Hey Jup always nice to see yur charts and hear yur thoughts .....Waiting for a pull back to go long is a great idea another great one is getting long once dat sto imbeds

Gold just breeched my first pull resistance target and the buck may just get a leetle bounce here tomorrow but nuthin that will stick ...fwiw

[Goldhedge]

One man's ceiling, is another man's floor....

[Zed]

One man's ceiling, is another man's floor....

Oh....

Now I get why she was complaining!

[Goldhedge]

Hey Hawk? How about some black gold charts? You know, the usual suspects....

[Hawkeye]

old blacky

[mach]

Hawkeye

Any chance of getting Natural gas & Silver chart ?

Thanks Pal....

[the wave]

Hawkeye

Any chance of getting Natural gas & Silver chart ?

Thanks Pal....

Corn ???????

[Goldhedge]

Jes be watchin that oil chart... she'll be catchin up with her golden sista soon enuf...

[Eat Beef]

Corn locked limit up today, on a MEGA bullish USDA report (along with the rest of the grains). Looking good for another limit up day Monday...

[Hawkeye]

Corn locked limit up today, on a MEGA bullish USDA report (along with the rest of the grains). Looking good for another limit up day Monday...

[the wave]

Uh, Wee Problem Here On Grains..... The Market Ticker ® - Commentary on The Capital Markets Posted 2010-10-08 10:57
by Karl Denninger
in Market Musings Uh, Wee Problem Here On Grains.....

God I hope you're not stuck short on these....

Oats....



Soybeans



Corn



Wheat



That's bad news - those are all lock-limit up.

For those who have never traded commodities, there is a maximum daily price move. When that limit is hit trading stops.

What this means is that it is entirely possible for exactly one trade to go off at the limit price and lock trading. You're stuck with whatever position you have at that point.

If you're short and you lock-limit up the good news is that the damage stops (for that day) there.

The bad news is that there's nothing you can do about the damage, up to and including being driven into a margin call, which can bankrupt you.

This is just pure ugly...... anyone who thinks this is "good news" in some way needs their head examined. This isn't a single crop, it's across-the-board.

"Here it comes" in the grains..... and your food prices......

(Report on the wire relating to corn production expecting a poorer harvest... but man, the reflection everywhere else? I don't think this is that simple.)

vvvvvvvvvvvvvvvvvvvvvvvvvvv

[Hawkeye]

There is no LIMIT BABY! in da metals that is ....fwiw ... ..and dat's da beauty!

[Hawkeye]

I just luv it when Gold listens to me ...

[Hawkeye]

[lunar]

¡Hola! back from Spain with some pot(s) of Gold at the end of the rainbow(s)


Santa Barbara mountain near Horta de Sant Joan