Comments on: Gold Market Update: Head & Shoulder Pattern http://www.tradersnarrative.com/gold-market-update-head-shoulder-pattern-2776.html Freshly squeezed market commentary & analysis Sat, 20 Mar 2010 12:01:45 +0000 http://wordpress.org/?v=2.0.2 by: mike http://www.tradersnarrative.com/gold-market-update-head-shoulder-pattern-2776.html#comment-51132 Tue, 21 Jul 2009 00:54:20 +0000 http://www.tradersnarrative.com/gold-market-update-head-shoulder-pattern-2776.html#comment-51132 which charting package do you use? Thanks which charting package do you use?

Thanks

]]> by: goldstocktrades.wordpress.com http://www.tradersnarrative.com/gold-market-update-head-shoulder-pattern-2776.html#comment-51131 Tue, 21 Jul 2009 00:02:52 +0000 http://www.tradersnarrative.com/gold-market-update-head-shoulder-pattern-2776.html#comment-51131 I was a little concerned of the lack of conviction and support for gold during the last correction. Now it appears to be showing some resilience. Take a look at the <a href="http://goldstocktrades.wordpress.com/2009/07/20/uxg-u-s-gold-best-breakout-in-precious-metal-sector/">chart of US Gold</a>. I was a little concerned of the lack of conviction and support for gold during the last correction. Now it appears to be showing some resilience. Take a look at the chart of US Gold.

]]> by: jeremy http://www.tradersnarrative.com/gold-market-update-head-shoulder-pattern-2776.html#comment-51127 Mon, 20 Jul 2009 20:20:43 +0000 http://www.tradersnarrative.com/gold-market-update-head-shoulder-pattern-2776.html#comment-51127 A couple of points, when you last commented on Gold, around $970, $980, you said that there was too much bullishness, and that this was a contrarian sell signal, what has changed in your view now gold is at $950? Secondly, EWI is very bearish on Gold, since they see deflation not inflation, so i thought your reference to them was strange given the bullish tone of the article. I remain bullish of gold, but find your comments a little confusing. A couple of points, when you last commented on Gold, around $970, $980, you said that there was too much bullishness, and that this was a contrarian sell signal, what has changed in your view now gold is at $950?
Secondly, EWI is very bearish on Gold, since they see deflation not inflation, so i thought your reference to them was strange given the bullish tone of the article.

I remain bullish of gold, but find your comments a little confusing.

]]> by: scrilla_gorilla http://www.tradersnarrative.com/gold-market-update-head-shoulder-pattern-2776.html#comment-51126 Mon, 20 Jul 2009 18:50:22 +0000 http://www.tradersnarrative.com/gold-market-update-head-shoulder-pattern-2776.html#comment-51126 The markets could do A, B, or C. Pattern X often signals that the markets will do A. Little known, however, is that it could also mean the markets will do B or C. The markets could do A, B, or C. Pattern X often signals that the markets will do A. Little known, however, is that it could also mean the markets will do B or C.

]]> by: dacian http://www.tradersnarrative.com/gold-market-update-head-shoulder-pattern-2776.html#comment-51115 Mon, 20 Jul 2009 17:35:22 +0000 http://www.tradersnarrative.com/gold-market-update-head-shoulder-pattern-2776.html#comment-51115 "While head and shoulder formations are usually considered to be reversal patterns, they can also act as continuation patterns." I didn't know that! I actually thought H&#38;S is not valid in a middle of a bull. Babak, I went back in 2006 and read your article about k-ratio. To make it simple, looking at $HUI:$GOLD chart, what's the best ratio to jump into gold stocks and what's the best ratio to go out? thanks “While head and shoulder formations are usually considered to be reversal patterns, they can also act as continuation patterns.”

I didn’t know that! I actually thought H&S is not valid in a middle of a bull.

Babak, I went back in 2006 and read your article about k-ratio. To make it simple, looking at $HUI:$GOLD chart, what’s the best ratio to jump into gold stocks and what’s the best ratio to go out?

thanks

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