Hard to Accept…

Tuesday, November 19, 8:24 pm EST. Well, how do you accept this? All the technical indicators have turned up from their respective low places, and the near, all-out signal they had almost given… And, the price of gold… Well, it has risen… some… a little… I guess….

Yea, that’s right. F1 had gotten to its own lower trading band; which according to the documentation with the program constitutes a signal. F2 had truly signaled. F3 got under 10, and has turned back up; which IS a signal. F4 also got to its signaling place, and has turned back up. F5 went flat along 50. Never got to 40, and it, too, has now turned up to be at 58 or 9 today. Finally, F6 got down as low as 3, and has turned back up to be as far as 21 today. So, it had signaled. Throw in price having gotten below its own lower trading band, and you’ve a signal from 6 of the 7 indicators within the OEXpert 7 Timing program.

So, the timer, is, sort of, saying this is a ‘rally’ in the price of GLD. Yea, right! So, we’re rallying, folks. Gold is “off and running”! What does anyone else make of it?

Harold

 

The Timer and Gold

Friday, November 15, 5:11 pm EST. Updating the timer after these past 3 trading days. It’s looking pretty exciting to me… The price is at the upper of its two lower trading bands, and has been at the lower band. It has signaled. F1 is still falling! And, it is at 15 or 16, on its way down to at least 10, I hope. F2 has signaled. F3 is still also in decline, and is now at 9. That is a good signal! F4 is not far from -4, and being under -3, it has signaled. F5 is flat-lining across 50, and would signal if it were to drop some more and get down to 40. And, F6 got down to as low as… hmmm, looks like 4, and has turned back up. It signaled.

So, we’ve got 5 of the 7 indicators within the program working for us now! Some more downside would put them all in place… Wouldn’t take much.

Harold

You Can Call Me “Lucky”

Thursday, November 14, 5:56 am EST. Guess I got lucky again… Metals turned back up. I had hoped they’d hold off until all the indicators lined up, but I also said that in a strong bull market… it often just can’t wait. And, just as I think it’s a couple or three days within turning… it launches immediately… that’s a clue to me that this is still a strong bull market. Go with it!

So, we’ve reversed and turned back up already. I, at the very least, got the week right. You can call me “Lucky.”

Let’s now hope it keeps on going!!!

Harold

Tuesday Morning Blues?

Tuesday, November 12, 5:57 am EST. And, the metals have indeed gone lower overnight, overseas. Perhaps we’ll see another day, or two, or three of downside to flat price action that will put the technical indicators all in place for a low-risk market entry signal?

It could happen… And, it looks like it might very well happen this week!

I should put some mining stock symbols up! Let me see if I can’t get to that next!

Harold

Timer… Talk to Me!

Monday, November 11, 9:00 pm EST. I’ve entered the data and updated the OEXpert 7 Stock Market Timer, which the creator of the program said would work on gold, too.

The price of GLD, the ETF for gold, is at its lower trading band in the program, so that is a signal. F1, however, looks to be at only 21. So, it could get under its lower band, and the number 10 on its scale in a couple of more days. Useless F2 has already signaled. It’s, like, always first, so I pay it little mind. F3 is at 20, and could use a couple or 3 more days to get to 10 or lower yet. F4 looks to me to be almost at -3, and so I believe it is signaling now. F5 is at 50. Another couple or three days could put it to 40 or lower, and a signal. Finally, F6 is at 5, and signaling. But, it’s never better than when it gets to zero, which it could do in another day or two. I’ve got 4 out of 7 here saying it’s about time to take-off.

So, what are my thoughts? I’d really like a good signal, if we could get it. F1 would need to get under 10. F3 would need to do the same… get under 10. F5 would need to at least tag 40. And, it would be great if F6 were to get to zero. F1, F3 and F5 could all use at least 2 days. F6 could get to zero in one. I’m thinking we get a low-risk entry signal in the metals this week. You read it here first. If a strong Bull market still exists, then it would not be at all surprising if the turn back up were to start before I could get my wish… that happens.

The truly stout-hearted might risk taking a position now, but I won’t be doing that. I get John Doody’s letter now for free, and I’ll see what he might have to say, if he tries to time the metal at all…. I’m back, finally. I have been so busy! I need to slow down.

Harold

What’s Happenin’?!?!?

Monday, November 11, 4:08 pm. I’ve been out straight with so much else. I’ve much to catch up on. It’s clear the last thing I posted nearly 2 weeks ago, has been in force ever since. So, now it’s time to try to discern if this sorry downside move might be anywhere near over!

I’ll update the timer just as soon as I can… hopefully tomorrow. Looking at SILJ, it’s only gone dead, flat sideways since July 18. Really, it’s hardly gone much higher or lower in the past 4 months! Ditto AG. And KL. And, all 3 are bullish, according to their moving averages, too.

NOW, GLD has just touched a KEY price support level around $136.50 that I painted long ago, only JUST today, and had bounced off of it. I’d say that’s significant… Very! SGDM has just touched major support. List WPM with the first 3 I mentioned… sideways since 7/18. GDX on support like SGDM.

SLV has also just bounced today off major support I had drawn. SSRM like those others sideways since 7/18. RGLD too. PVG has been seriously hurt… I’ll need to learn why. NUGT is right on its own 200-day moving average.

My technical take, on the basis of the individual charts says to me that this is that very place where we could logically look for a tradable reversal to the upside. This IS that very place, as of today!

A chart of all 57 exchange-listed miners, as if an index by itself, the head-and-shoulders top is in place… the dates of those tops are 8/12, 9/4 and 9/24. It’s consolidated sideways, just under its 50-day moving average since… hitting and getting thrown back 10/9, 10/25 and 11/4. That ‘index’ price is now on a support level. Is it ready to lift, breakthrough its 50-day, and commence to challenge its own previous high of 9/4? It’s time to look at all technicals to try to figure that out.

A trip to stockcharts.com to look for the “P3 Squeeze” low-risk signal, I’ll run every symbol. The short and quick answer to that question is: No. No squeezes. Only Stochastics is reading oversold among these. But, I’ve yet to update the Xpert Timing software. I’m motivated to get to that very soon! More later… But I strongly suspect that opportunity may be right here!

Harold