Well using you reasoning such as it is $1290 holds nothing. It did not and does not fit the definition of the word support anymore than $1286 does. Why not supply some solid criteria to support your argument that it holds a lot of attraction. Right, I did not think you could. Do not look now but the price of gold has oscillated around lots of number on the way down from $1900 plus. But that does not equal support. Now go change the subject one more time as if it will help you.
Let me assure you that I am not interested in understanding any more about TA. I think those of you that do think you might understand it have made an #$%$ enough of yourselves for all of us. Once again you used lots of words and said nothing. In reality what you are trying to say is that gold could fall far below $1290 and therefore it is not a support level and never has been. So are you now saying that maybe $1281 is the new support level? Each time you open your mouth you make a bigger fool of yourself. You might want to quit while you are ahead. I am sure as gold continues to suffer there will be more support levels you clowns will toss out there, all being worthless as the previous numbers.
How is the $1290 support level looking now? Maybe Wolf would like to select another one of his famous numbers to use for the next lower level. You see as gold falls the number $1290 meant no more than $1291, $1288 or any other number for that matter. Start waking up. This is the time of the year when gold is noted for taking a plunge.
No moron. I desire accuracy. What is right is right. If a person does not fully understand the definition of support they would do well to stay away from the word. Obviously there are more idiots like you on this board. You all belong on the same funny farm. Steve has a way over running off at the mouth without knowing what the he!! he is talking about, much like you. By the way who are you to say that we are talking about .2%? Can you assure us that the decrease in the price of gold is over? If not you too would do well to try to remain silent. If gold falls to $1280 or lower does that .2% still hold? use your damn head for a change.
Only one problem it would appear if gold has seen the bottom (which is doubtful) then $1287 was the support level, not $1290. And it remains to be seen if even that number will prove to be the support level. The day and week is early yet. You have run your mouth before far too soon.
All that while he continues to insist that Wolf was wrong about 1290 being a support level even though, this morning, yet again, the pre market price of gold has refused to keep declining below that level.
And he is proven right. If the so called support level can not be maintained then in logically is fails to meet the definition of support. It must be labeled something else. It is just another foolish number Wolf pulls out of the air, like so many others he has dreamed up.
I do not think the clown even understands what support even means. Maybe he needs to go visit his dictionary again. There was never a chance that number could be a support level. If the so called cartel really kicks in which probably has not happened yet then he will see what nonsense this support level talk amounts to. In the near future that so called support number may well be history and a few other numbers that Wolf may dream up.
The fact of the matter is it was never a support level in the first place. It if will not last why spend the time on such garbage in the first place. In reality he does not know anymore than you do about any support level. A little common sense (which you lack) will dictate that there is no support level. If what you are saying is true, then certainly any level can be a support level, therefore the number was as worthless as all of his other numbers. Let him pull his voodoo elsewhere. I think folks on this board have laughed at him long enough.
What has that got to do with the fact that the $1290 support level was a joke from day one. Face the facts and stop trying to change the discussion again like you always do. If you can not match up to an argument try having the guts to owning up to it. Just do it once. I suppose it must get awfully discouraging being backed in the corner over and over and over and never being able to come forth with anything that is solid in an argument. Tuff luck.
In the real world Jaz is right. $1290 was a realistic support lever as long as gold was holding at $1291 - $1293 level. As we can see now that $1290 number may soon be history. Not to worry because Wolf will pick another support level as he always does. He will just pick another number out of the air. His support levels will always be a big joke and nothing more. If we look back we can see so many other numbers that gold oscillated around on the way down from $1900. We will see many more. The fact that it oscillates around a number means nothing. He!! take note the temperature does the same thing for a few days and sometimes for a couple of weeks before it moves away from a certain number. Just some more worthless foolishness some jokers hang on to.
But this has been going on for maybe a week. Prior to that it was always the normal $.10 difference which is accounted for by the money values. I think we will see the same thing take place tomorrow.
Seems to be a big difference between the value of this stock on the U.S. market and the Canadian exchanges. This has been for a few days and is unusual.
Jaz, this is merely one more example of what has been obvious for years. All the wars in the world will do nothing for the upward movement of gold. Gold could not care less about wars or rumors of wars. No armies use gold bullets and only the Lone Ranger used silver bullets.
Oh my! I wonder if JPMS can really afford to pay $650,000? How terrible. I am sure that huge sum will keep them from doing it again.
Not too sure where Jaz gets the idea end of wars It appears there is trouble in Libya and I am fairly sure the let up in the Israel conflict is not over. I am not seeing a strong economy either.
Lets not pick on the that rusted 63 Mercedes. That might be all the guy owns. He refuses to get rid of it. It has some sentimental value.