Metanor Resources MEAOD

Gold RT

[wind00e]

Gold (JUN)
The projected short term cycle low for Gold is by the beginning of next week
Based on cycles, there is not much time left for a down-move
However, we  want to wait until cycles bottom in order to go long Gold again
So far, Gold closed below 1268
In order to see more downside, it needs a close below 1254

[mstettler]

Unlikely.  I think we had the short term low in yesterday. There are managed money buy stops sitting just above $1307.  If those buy stops are triggered we will see a quick move up, possibly as high as $1350.  At that point we would be long overdue for a meaningful pullback. 

[mstettler]

I should add to my previous post - I don't like the action I'm seeing in the market today.  Closed some profitible positions.   For some reason the gold shares are being hyper sensitive to very small declines in the gold price today.  One hour after market open the GDXJ had actually gone from +4% to slightly negative on a 6 dollar decline in the price of gold. Obviously

[mstettler]

What did I say yesterday?  The action in the shares stinks.   Gold is carving out a flag pattern.  We will see which way it breaks.  Closed swing trade longs yesterday and looking at the short side now - waiting to see if gold fades todays move up. Gold must take out 1307 to run the buy stops sitting above the market. JNUG and JDST make a pile of money with very small moves

[ilovetojumpem1]

This post has been removed in accordance with Community Policy

[mstettler]

Don't get me wrong - I still hold a position in MTO. But I didn't buy it in the .09-.12 range because all the little birdies were chirping about an 'elephant' discovery at moroy.  Things are getting more interesting now with barry back in the picture. I've been doing this long enough to know that preliminary drill results are preliminary and there is always another entry

[mrmarket1]

last week you said you know nothing -- i definitely agree with you ! Why continue spouting your ignorance of daily moves ?

[mstettler]

I don't 'know' anything.  The market tells us what it wants to do.  I run a private service and make a lot of money for other people. My commentary is to hopefully help those that are new and open minded to opportunity available in the market. Not to buy a marginal company at the recent high because some idiot influenced them.  I have absolutely no patience for

[mrmarket1]

"Not to buy a marginal company at the recent high because some idiot influenced them"" so you are the saviour -- ? bet you can ran faster, dive deeper and buy better than everyone !!  You're their hero !!!

[mstettler]

Yes.

[mrmarket1]

ignorance and arrogance personified ! no wonder your service is  offered here free !! it is way overpriced , by the way !

[mstettler]

I closed a 20% gain long JNUG over 2 days yesterday and closed a 5% gain on JDST in the hour I waisted my time with you.  What did you do? Might be able to make money long again today.  I do this more days than not.  It's not arrogance, it's fact. Now piss off.

[ilovetojumpem1]

This post has been removed in accordance with Community Policy

[motionsick]

Jumpem, How are you finding these buys? I made money on LSG, making money on TAHO. Making money on MTO.