On one of my blogs the traders caught a FP at 12:17:07 today on GS. It was seen on Ameritrade and Finviz – it was $141.89 listed as the low. I don’t think anyone got a screen shot – did you catch it?
That’s pretty deep, but if the market collapses then it will do so before June I believe. Those puts now cost 23 cents (ask) and 18 cents bid. I wonder what they’ll be worth in June? That could make someone a ton of money… if gold goes down to 935?
go to madhedgefund traders blog, he has interview with Nenner…
Nenner uses cycles (as some Gann traders I follow) and has loaded up on GLD 100 puts…the only substantial volume, which matches timing for rise of US dollar into June, gold down, euro down into June (not my timing), but it all lines up… I have some GLD June puts as well, but I’ll likely not hold until then…
i disagree…this equity volumeless levitating equity market has been achieved on margin…..when this market is brought down and the subsequent margin calls – gold holdings are always sold as a consequence. it is liquid and holds value….935 is possible in a collaping equity market…….
I seen the print many times at the end of the day. All of the other prints were only shown once. So, I do question the accuracy of the print. It “could” have been an actual technical error?
I won’t be looking at gold or silver anyway, until the Dow 8300 print is hit. Then I see where the metals are, and if they are around that area, I’ll go long on them. Remember, I also have a gold FP of 3500.
IF gold ever dropped to $1,200 there would be so many buyers that it would spike up to $2,000 an ounce. India is hoarding gold as they purchased 557 tons in 2009 and 800 tons in 2010. The chance gold could hit 935 is highly unlikely.
Hay Red: This is slightly off subject at this moment of our trading day but could be very important to anyone planning on parking money in precious metals – as a strategy to ride out the upcoming market collapse. Have you seen the 1-11-11 update posted by Clif High on his website, (Damn…update from Markets entity), regarding a possible sudden derivatives failure associated with the gold/precious metals market? His time frame is a matter of days and likely occurring by 1-25-11, the date of the next Shape report release. What was the FP on GOLD? This could be the catalyst that causes that FP to be hit… Allowing TPTB to take money from all those that seek the security of precious metals as the market collapses.
On one of my blogs the traders caught a FP at 12:17:07 today on GS. It was seen on Ameritrade and Finviz – it was $141.89 listed as the low. I don’t think anyone got a screen shot – did you catch it?
That’s pretty deep, but if the market collapses then it will do so before June I believe. Those puts now cost 23 cents (ask) and 18 cents bid. I wonder what they’ll be worth in June? That could make someone a ton of money… if gold goes down to 935?
go to madhedgefund traders blog, he has interview with Nenner…
Nenner uses cycles (as some Gann traders I follow) and has loaded up on GLD 100 puts…the only substantial volume, which matches timing for rise of US dollar into June, gold down, euro down into June (not my timing), but it all lines up… I have some GLD June puts as well, but I’ll likely not hold until then…
Well, since we’ve yet to hit the FP on the DIA, I’m thinking that the POMO will be “as expected”… which should give the market one last push up.
Then tomorrow, we have lot’s of economic data that everyone is expecting to be a “non-event”. This is where the SURPRISE comes in!
Out tomorrow…
PPI
Core PPI
Trade Balance
Initial Claims
Continuing Claims
Out Friday…
CPI
Core CPI
Retail Sales
Mich. Sentiment
Business Inventories
Something will be “BAD” and the selling will start. WHAT? I do not know… but it doesn’t matter as I’ll still be short whenever it happens.
dz,
i disagree…this equity volumeless levitating equity market has been achieved on margin…..when this market is brought down and the subsequent margin calls – gold holdings are always sold as a consequence. it is liquid and holds value….935 is possible in a collaping equity market…….
I seen the print many times at the end of the day. All of the other prints were only shown once. So, I do question the accuracy of the print. It “could” have been an actual technical error?
I won’t be looking at gold or silver anyway, until the Dow 8300 print is hit. Then I see where the metals are, and if they are around that area, I’ll go long on them. Remember, I also have a gold FP of 3500.
IF gold ever dropped to $1,200 there would be so many buyers that it would spike up to $2,000 an ounce. India is hoarding gold as they purchased 557 tons in 2009 and 800 tons in 2010. The chance gold could hit 935 is highly unlikely.
Thanks for the update. The FP on Gold was 935 (and 939). They can be seen on the toolbar below, under the “Photos” button.
(do you have a direct link to read that report?)
That chart says it all… The Fed is now eating it’s own fingers and toes to stop from starving to death.
Hay Red: This is slightly off subject at this moment of our trading day but could be very important to anyone planning on parking money in precious metals – as a strategy to ride out the upcoming market collapse. Have you seen the 1-11-11 update posted by Clif High on his website, (Damn…update from Markets entity), regarding a possible sudden derivatives failure associated with the gold/precious metals market? His time frame is a matter of days and likely occurring by 1-25-11, the date of the next Shape report release. What was the FP on GOLD? This could be the catalyst that causes that FP to be hit… Allowing TPTB to take money from all those that seek the security of precious metals as the market collapses.