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Gold and Silver Forming WEDGE - Prepare for BREAKOUT

 
Emmeric
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01/14/2011 09:32 AM
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Gold and Silver Forming WEDGE - Prepare for BREAKOUT
Those who have been disappointed that gold and silver appear to be losing steam need to look at the broader patterns.

A "coil" or "wedge" is an extremely and explosively bullish sign.

Look at November to now:

[link to www.barchart.com]

[link to www.barchart.com]

The more the range tightens, the closer the breakout.
When blacks have identity it is called pride.
When indians have identity it is called culture.
When Jewish people have identity it is called history.
When WHITES have identity it is called Racism.
Anonymous Coward
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01/14/2011 09:38 AM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
Breakout.... will it be UP of DOWN????
Anonymous Coward
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01/14/2011 09:38 AM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
up or down.. sorry
Anonymous Coward
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01/14/2011 09:48 AM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
looks like GLD and Silver are rolling over for a correction, gold down to at least 1350 and silver to 26.. then time to buy in as gold could go to 1250 and silver to 22, from there its up to the moon, I wouldnt be selling in here at all
Anonymous Coward
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01/14/2011 09:49 AM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
hahaha reading charts and "wedges"... might as well roll dice or read tea leaves to predict the future.

I remember some technical analysis guy back before gold really got going, said something like "notice how gold has formed a "gravestone doji" which should spell the end of the bull run in the short term at least."

Wedge. Gravestone doji. A bunch of fucking horse shit.
Emmeric  (OP)

User ID: 1218276
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01/14/2011 09:57 AM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
Wedges are accurate. I have yet to see a wedge fail in over 6 years of intense futures trading.

Sometimes the breakout doesn't last as long, but it always breaks out.

Being that this wedge is forming after a steady rise, the breakout will be UP.


Where traders tend to disagree is the amount of the breakout. The optimistic breakout attainment will be $6 rise for silver and an almost $300 rise in gold.

Hey, you can always bookmark this thread and laugh if the wedge fails.
When blacks have identity it is called pride.
When indians have identity it is called culture.
When Jewish people have identity it is called history.
When WHITES have identity it is called Racism.
Anonymous Coward
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01/14/2011 10:01 AM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
[link to kingworldnews.com]

KWN reports that 28 should be the low in silver. Has been pretty accurate over the past 6 months.
Emmeric  (OP)

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01/14/2011 10:32 AM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
The last time silver was in a wedge, I entered a silver thread here where everyone said silver had set its high and it was all downhill from there.

Silver was $24 or so at the time and I called for $29 or higher.

Well.... where is it today? cool2
When blacks have identity it is called pride.
When indians have identity it is called culture.
When Jewish people have identity it is called history.
When WHITES have identity it is called Racism.
Anonymous Coward
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Canada
01/14/2011 10:41 AM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
The last time silver was in a wedge, I entered a silver thread here where everyone said silver had set its high and it was all downhill from there.

Silver was $24 or so at the time and I called for $29 or higher.

Well.... where is it today? cool2
 Quoting: Emmeric


Under $29

lmao
Levski

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Bulgaria
01/14/2011 10:44 AM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
bump for more technical analysis

Last Edited by Levski on 01/14/2011 10:44 AM
Noah was a conspiracy theorist too, until it started raining.
Anonymous Coward
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01/14/2011 10:45 AM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
Some vigerous price discovery be going on.
Anonymous Coward
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01/14/2011 10:48 AM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
But you Can't still eat silver or gold !!

5a
Anonymous Coward
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01/14/2011 10:49 AM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
I just threw away a small wedge shaped piece of wood on the sailboat.

Can't think of any use for it.
Anonymous Coward
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01/14/2011 10:50 AM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
It sure is going to breakout. Right to $30 where the RIGHT SHOULDER is. Then POP!
Emmeric  (OP)

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01/14/2011 12:32 PM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
The last time silver was in a wedge, I entered a silver thread here where everyone said silver had set its high and it was all downhill from there.

Silver was $24 or so at the time and I called for $29 or higher.

Well.... where is it today? cool2


Under $29

lmao
 Quoting: Anonymous Coward 1228530


It languished for a full month at my $29 target and hit just over $31 for a high.


:dubya:
When blacks have identity it is called pride.
When indians have identity it is called culture.
When Jewish people have identity it is called history.
When WHITES have identity it is called Racism.
Emmeric  (OP)

User ID: 1218276
United States
01/14/2011 12:38 PM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
It sure is going to breakout. Right to $30 where the RIGHT SHOULDER is. Then POP!
 Quoting: Anonymous Coward 1227256



I can see your supposed head and should formation, but you're looking far too narrow a time-frame. Head and should patterns happen over weeks of time, not days.

Step back a bit and look at the broader pattern.

Nov 9, shoulder.
Dec 7, head.
Jan 3, shoulder higher than head

The head and shoulders is negated. Many like you called the December 14 peak the right shoulder and were wrong - it was too close.

Book mark this thread and come back and laugh if you will. I am confident I will be the one laughing.
When blacks have identity it is called pride.
When indians have identity it is called culture.
When Jewish people have identity it is called history.
When WHITES have identity it is called Racism.
Punk-A$$ets

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United States
01/14/2011 12:40 PM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
looks like GLD and Silver are rolling over for a correction, gold down to at least 1350 and silver to 26.. then time to buy in as gold could go to 1250 and silver to 22, from there its up to the moon, I wouldnt be selling in here at all
 Quoting: Anonymous Coward 1160682

Fuuuuuck no. I'm trying to buy as much as i can. I am hoping these prices stay low to close through the weekend. Will give me a few days to work upa some material to buy!
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Emmeric  (OP)

User ID: 1218276
United States
03/01/2011 05:28 PM
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Re: Gold and Silver Forming WEDGE - Prepare for BREAKOUT
Oh, by the way, silver did indeed break out.

Gold, however, only today broke not only the right shoulder in the head and shoulder pattern, but the head as well.

Gold high today, $1435. The head that the dollartards guaranteed was the end of gold's run topped at $1434.

Took out shoulder and head in one day. Eat shit, dollartards.

ohappy
When blacks have identity it is called pride.
When indians have identity it is called culture.
When Jewish people have identity it is called history.
When WHITES have identity it is called Racism.





GLP