Thanks Jako, I might have some NST coming up for sale soon...can...

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Ravgnome

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20/11/17

00:15

Post #: 28935704
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Originally posted by Jako8557 ↑

Thanks Rav, I'm running a bit late tonight, just chatting with Tricia and drinking a Red, so I haven't started yet.

I have a 'funny feeling' with Gold, it has had really quite high volumes going through over the last few weeks, and the bars mostly look weak (very high retail involvement on the gold futures, so the pro's are often looking to trip up the analysis of the herd)......but it hasn't broken down, it has 'sort of' threatened to break down a couple of times, but overall it hasn't really gone close to breaking down.
Now thinking counter intuitively, if volumes are really high, and it hasn't broken down, no matter what the bars actually look like. It is probably actually building up strength and will try to break out in the future, tripping up the retailers at the same time.

I have wondered if I should buy a goldie or two this week, to see what happens........which is not really my thing usually though.......

thoughts ??

cheers

PS- Ill get on to the scans shortly........

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Thanks Jako, I might have some NST coming up for sale soon...can let you have some real cheap if your interested.
NST is approaching New highs just now, and it may very well be too temping to not achieve that goal.
Having said that, NST has achieved everything I was expecting from the outset, so to book partial profits soon may be prudent (for me).
Some valid points could be made that our Goldies are overbought, but they can stay that way for longer than many believe.
I would back myself on a short pull back though, if one was oblivious to the bigger gold picture .

Crossroads is the word I'll use for now, and won't be upset either way by maintaining course.

Cheers.

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