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Topic: [offtopic] Gold is about to surge (Read 788 times)

member
Activity: 115
Merit: 10
March 12, 2013, 07:58:26 AM
#5
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hero member
Activity: 588
Merit: 500
March 11, 2013, 09:43:56 PM
#4
Just a trading tip: old is about to surge big time. If you haven't bought futures, you should.
(Perhaps you can use the proceeds then to purchase bitcoins)

I agree with you and also have some decent money betting on a near-term bottom in metals and miners.

Let's hope we're both right.  Watching like a hawk with tight mental stop.

RSI and MACD turning up after very oversold.  BPGDM at 3.  Favorable seasonals begin around mid-March:

full member
Activity: 121
Merit: 100
March 11, 2013, 08:50:51 PM
#3
I don't use Elliot Waves much Tongue They are subjective to measure. But you've made a point!
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
full member
Activity: 121
Merit: 100
March 11, 2013, 08:04:10 PM
#1
Hi fellas,

Just a trading tip: Gold is about to surge big time. If you haven't bought futures, you should.
(Perhaps you can use the proceeds then to purchase bitcoins)

Current gold chart:


And I've seen this pattern many times in the past...


It is my dream scenario, gold at support level way undervalued to M1 money supply and I'm long.

I could pyramid the contracts several times before hitting rock top!

Cheers

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