Comments on: Double Top In Gold & Oil http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html Freshly squeezed market commentary & analysis Tue, 02 Dec 2008 02:19:46 +0000 http://wordpress.org/?v=2.0.2 by: Follow Up On December Gold Comments http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-31361 Fri, 22 Feb 2008 05:21:15 +0000 http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-31361 [...] So let’s see, in December I thought I saw a tentative double top in gold… which didn’t materialize. Instead, gold paused by trading sideways for a month and then continued blazing higher and higher: [...] […] So let’s see, in December I thought I saw a tentative double top in gold… which didn’t materialize. Instead, gold paused by trading sideways for a month and then continued blazing higher and higher: […]

]]> by: Follow Up On December Crude Oil Comments http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-31311 Thu, 21 Feb 2008 03:41:41 +0000 http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-31311 [...] Last December I wrote that I saw a double top in crude oil, here’s how it has fared since: [...] […] Last December I wrote that I saw a double top in crude oil, here’s how it has fared since: […]

]]> by: Babak http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-26578 Wed, 09 Jan 2008 23:23:53 +0000 http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-26578 william, thanks for the reminder, there'll be an update soon :-) william,
thanks for the reminder, there’ll be an update soon :-)

]]> by: william http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-26570 Wed, 09 Jan 2008 22:17:53 +0000 http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-26570 babak, any comments on gold? february futures hit a high of $894 today. babak,

any comments on gold?

february futures hit a high of $894 today.

]]> by: scood http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-26172 Fri, 04 Jan 2008 16:05:09 +0000 http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-26172 Maybe you were just a little early on gold & oil Babak. The gold bugs are really starting to bay and howl [they always do but now even in the main stream media is quoting them], and its not even a full moon . We're starting to hear more and more about the end of the world or at least the western financial system. Ive thought we'd get one last run for the roses in gold and oil, hold on to your hat could be a doosey, but the watch out, as the gold bugs begin frothing about the final collapse and dancing in the streets over the demise of civilization, marching on Washington to lynch The Wizard of Greenspuds and his hunchman B-52 Ben .... well too bad....we'll find out again that it takes immaculate timing to get the end of the world right and that'll be it for gold & oil--- for a while. The 64 KKK question? How looney will they get before its over? Maybe you were just a little early on gold & oil Babak. The gold bugs are really starting to bay and howl [they always do but now even in the main stream media is quoting them], and its not even a full moon . We’re starting to hear more and more about the end of the world or at least the western financial system. Ive thought we’d get one last run for the roses in gold and oil, hold on to your hat could be a doosey, but the watch out, as the gold bugs begin frothing about the final collapse and dancing in the streets over the demise of civilization, marching on Washington to lynch The Wizard of Greenspuds and his hunchman B-52 Ben …. well too bad….we’ll find out again that it takes immaculate timing to get the end of the world right and that’ll be it for gold & oil— for a while.
The 64 KKK question? How looney will they get before its over?

]]> by: william http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-26156 Fri, 04 Jan 2008 09:12:44 +0000 http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-26156 babak, care to re-evaluate your positions on gold/oil? oil at $100. gold at $870. simply speaking, gold is honest money. and it's calling out all the central bank shenanigans, the increasing money supplies worldwide, and the "integrity" of financially engineered paper. it is no longer "just a commodity" like it was during the 20 year bear market from 1980 to 2000. gold is going to hit $1000 this year, and may very well exceed it. to $2000 within the next 4 years. babak,

care to re-evaluate your positions on gold/oil?

oil at $100. gold at $870.

simply speaking, gold is honest money. and it’s calling out all the central bank shenanigans, the increasing money supplies worldwide, and the “integrity” of financially engineered paper.

it is no longer “just a commodity” like it was during the 20 year bear market from 1980 to 2000.

gold is going to hit $1000 this year, and may very well exceed it. to $2000 within the next 4 years.

]]> by: Babak http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-23590 Sun, 09 Dec 2007 20:40:13 +0000 http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-23590 thanks scood, the trick isn't to bat .800 or higher, but to keep losses small and wins big. But you already knew that ;-) thanks scood, the trick isn’t to bat .800 or higher, but to keep losses small and wins big. But you already knew that ;-)

]]> by: scood http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-23534 Sun, 09 Dec 2007 00:59:46 +0000 http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-23534 Most educated and excellent calls on everything- congrats Babak- but I dont kno if oil and gold are going to cooperate- looks like they might be getting ready to scurry higher, especially the stocks of the producers as in XOI, XNG, OSX, HUI, XAU, ect. But, by my calculations you're batting about .800- .850. If you catch the top on oil and gold the Pope will be sending some exorcists by your address to make sure you dont do it again. Most educated and excellent calls on everything- congrats Babak- but I dont kno if oil and gold are going to cooperate- looks like they might be getting ready to scurry higher, especially the stocks of the producers as in XOI, XNG, OSX, HUI, XAU, ect. But, by my calculations you’re batting about .800- .850. If you catch the top on oil and gold the Pope will be sending some exorcists by your address to make sure you dont do it again.

]]> by: Gold:Top Or Just The Beginning? | Neural Market Trends http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-23411 Fri, 07 Dec 2007 11:21:24 +0000 http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-23411 [...] Babak posted about a possible double top forming in Gold (and Oil) in his blog a few days ago. While I agree with his technical analysis on the daily charts, I disagree with his conclusion that Gold has topped out. In my mind, Gold is driven 80% by fundamental reasons instead of technical analysis. If you look at the weekly chart, Gold looks poised to possibly make a run higher after this consolidation. [...] […] Babak posted about a possible double top forming in Gold (and Oil) in his blog a few days ago. While I agree with his technical analysis on the daily charts, I disagree with his conclusion that Gold has topped out. In my mind, Gold is driven 80% by fundamental reasons instead of technical analysis. If you look at the weekly chart, Gold looks poised to possibly make a run higher after this consolidation. […]

]]> by: Babak http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-23347 Thu, 06 Dec 2007 15:25:16 +0000 http://www.tradersnarrative.com/double-top-in-gold-oil-1410.html#comment-23347 william, thanks for the link. I'll read it over the weekend. jp, my thinking is that if the rest of the world's reserve currencies start lowering rates, then the differential between them and the US dollar will shrink, taking pressure off the dollar. Keith, thanks for the link. william,
thanks for the link. I’ll read it over the weekend.

jp,
my thinking is that if the rest of the world’s reserve currencies start lowering rates, then the differential between them and the US dollar will shrink, taking pressure off the dollar.

Keith,
thanks for the link.

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