That's not a bet of anything. The 144MA is the line that counts. Gold has wicked below it repeatedly over the past 4 months. That doesn't mean the upside target isn't 1362.63, which it is.
1303 is a pleasant number. 1363.62 is a magical number. 1292 has risen to 1294.01. A moving magical number.
The powerhouses that move this already know those numbers.
1301 is the monthly LIS. 1292 is the 144ma, the daily line separating the bull and the bear.
Through 1325.65 and 1363.62 becomes the next upside target.
RBY is a mixed bag right now. Downside gaps and still oversold indicators. But showed surprising strength off 1.39.
'Golds 4 year trendline is about to cross up the weekly 1676.5 fib line.
Tradersmarts futs data says for today:
"1684.3 - 1680.4 Highest Odds Long FTD, 1660 Extreme Long' for GC futs.
In otherwords, Gold is still in an uptrend. '
5 days later gold ran through 1700, ran to the 1790s 2 months later
tradersmarts numbers are futures daytrading numbers.
traders buying those numbers made money.
gold was still in an up trend then and in fact, is still in a 10 year uptrend now
a stil rising trendline at 1155 right now
People who care to read my posts, either see my percentage of good calls or they don't.
People who read your posts see nothing but snide remarks.
....and a basher who just wasted time searching through years of posts to find something negative.
The difference between you and me is that I actually post what I do.
You just trash and bash and distort.
If, in fact, you're ignorant enough to not know what a monthly chart is, why not just shut your mouth until you have something half intelligent to say.
sewells corrected you about what a monthly chart is....as if you didn't know.
It's a chart where each candle is a month long. There is a mathematical formula that pinpoints targets from previous price movement and the RBY "monthly" chart shows a target of 2.61. That target is valid as long as the price stays above .9112.
I assume you're a short seller. Why are short sellers so prone to lying as they bash?
20.76 is a fibonacci target.
Over sold +DI.....overbought -DI.
Gaps mean nothing on the UNG chart.
The daily convergence can get tighter, so it has to be watched for the turn.
I have my trading rules and I try to stick to them. I never tell people on this board to buy or sell. I just say what I'm doing.
Last night I posted an RBY monthly chart target of 2.61. I believe it gets there. I wish everyone good luck.
I buy where I'm sure I'll make money and I sell into strength.
UNG (nat gas) has a tightening pincher chart. That's where my attention is the rest of this week.
I will post things I see on the RBY chart and will re-enter if there is a retrace to somewhere under 1.54.
1301 is the LIS for the POG in my opinion.
My charts can be seen at SI.
"P.S. - I doubt any of my words will ever change the actions of high frequency traders, stock flippers and shorts. The lure of easy money is too strong."
I doubt high frequency traders have ever read your words, no offense.
I also doubt that HF traders have any effect whatsoever with Rubicon's share price over 3 or 6 month time frames. It's just cash in and cash out.
"P.P.S. - My new business opportunity is insulated from the type of issues that affect Rubicon/RBY/RMX. As a long time Rubicon investor, I learned important lessons."
Good for you. So why do you complain about traders. It's the American way.
"P.P.P.S. - Everyone involved in public markets should walk in the shoes of David Adamson. I choose to believe high frequency traders, stock flippers and shorts would have a different approach to Rubicon."
I prefer to wear my own shoes, even if he sprays them with Lysol. Sweat and toenail fungus, yuck!!
Yes, I'm out of RBY for now.
But let me also add the upside and downside, technically.
RBY has a very strong looking monthly chart with an upside target of 2.61.
RBY's hourly indicators are no where near oversold. And, if she runs, I'd be delighted to see long time holders make money.
There are downside gaps, but not 1.30. That gap filled. The gaps I see are at 1.08, 1.13 and an intraday gap at 1.54.
Do they fill? Generally, I expect gaps to fill. If RBY's fundamental equation has truly changed, maybe not.
I've traded RBY twice in the past 8 months. I've made very good percentages and have no regrets stepping out here. At 1.08 and 1.02, I was quite satisfied buying, even with the BIL move to .90
As of today, the present larger daily channel top is $2.00. That of course is rising and changes daily.
IMO, we will see a 1440 POG before we see a lower POG. But I'ill wait for the next PPO/ADX squeeze, even if it's only the 15 min chart. That's what I trade, wether it's RBY, MUX, GLD or SPY or any that I find anywhere.
It's the science of mathematical probability.
Your mental math abilities most likely died the day you bought that Texas Instruments calculator for $283.00 and you never again had to add, subtract, multiply, divide or think. I doubt you ever learned to use a slide rule. You confused it with the Ouija board you keep referring too..
Those brain cells died a long time ago.
Of course math and TA, trendlines, channels and fibonacci math, developed by the greatest mathematician that ever lived mean absolute nothing.....cause johnnywilkes says so.