Do Not Be Afraid- Be Alert
November 5 2014 9:40 a.m.
I was NOT going to write today, but when I saw GOLD near $1140 , I knew that it was a Possible final price low target of mine. I did not KNOW or even THINK that it would have to get there, but when I look at charts I always try to get all the possibilities of “Where might this be going?” $1140 was one weekly target. Today GOLD hit $1138 and reversed…IS THIS THE LOWS? OBVIOUSLY – NO ONE IS SCREAMING “BUY” right now (so it could be ). When everyone is afraid, the odds are higher. Take a look with me, and definitely sit on your hands for now….but this is one more thing to look for.
What you are about to see is for paying subscribers only...But since this site is free-WOOOHOOO! Enjoy and start tracking it.
GOLD this morning
The BLOGS are lighting up “GET SHORT FOR THE FINAL PLUNGE TO $1000!!”
THIS IS A WEEKLY GOLD CHART FOR SUBS ONLY 
The A-B-C-D target is $1140 (Give or take a little). I have had that as a possible target for a while now, but thought that if it hit there, it doesnt have a lot of support, so “Could it turn up from there?” was in my head. This morning, it started to. When everyone else is telling you to get short, I’m just asking myself ….Was this morning “IT”?
Could there be support?? Check this out… This is what a Chart Freak LOVES to see (Support found) and the FIB projection is $1136!!)
I am not AFRAID here, I am excited about what could be unfolding this week. 
We could have hit the weekly target and reversed, and we “COULD” double bottom on news later this week (Jobs # , etc) or if we go a bit higher, a “Short Covering Rally” could unfold. There will be clues along the way, so… Go short if you want / but stay alert!
To write all of this took me from 7:30 to the Market open, but you would NOT have bought anyways yet, right? SO no big deal…just Watch how things unfold, use your trading skills going forward ….and STAY FROSTY MY FRIENDS!!
~ALEX
WKLY
Thanks for the quick report in a time of need. :-))
Your Welcome Deshy
And take a Look at EGO, SAND , chart of RGLD (which reversed in my last report) even BAA and GSS went green already – with GOLD DOWN over $30 this a.m.- they are signs of life to me : ) I will be watching for others to reverse and see if they hold .
Thanks for the quick report in a time of need. :-))
Your Welcome Deshy
And take a Look at EGO, RBY, SAND , chart of RGLD (which reversed in my last report) even BAA and GSS went green already – with GOLD DOWN over $30 this a.m.- they are signs of life to me : ) I will be watching for others to reverse and see if they hold .
p.s. RGLD and SAND arent green yet, but with Gold down $30+ they are NOT crashing is what I was pointing out.
Just looking for clues here this morning : )
Like the pickle fork perspective.
Thanks for timely quick and thorough report
Thx Beek, And the Fork seems to have held here.
I look at charts from many different angles and dont always post all of them, but this one fell right into place, fib retracements and all. So I felt that the gap down this morning may not lead into a waterfall sell off like many others are predicting. I wasnt going to post today- but I had to when I saw Gold down $35
I read ‘BUY DUST at the open’ in many places and all I could think was , “THAT might be buying the highs, NUGT gap down open may be the lows. I need to at least post something! “. : ) Now we watch it all play out , and I DO see signs of life, as mentioned in my signs of life report- watching EGO, NG, PAAS, SAND, GG etc with GOLD still down $20.
Best wishes
Like the pickle fork perspective.
Thanks for timely quick and thorough report
Thx Beek, And the Fork seems to have held here.
I look at charts from many different angles and dont always post all of them, but this one fell right into place, fib retracements and all. So I felt that the gap down this morning may not lead into a waterfall sell off like many others are predicting. I wasnt going to post today- but I had to when I saw Gold down $35
I read ‘BUY DUST at the open’ in many places and all I could think was , “THAT might be buying the highs, NUGT gap down open may be the lows. I need to at least post something! “. : ) Now we watch it all play out , and I DO see signs of life, as mentioned in my signs of life report- watching EGO, NG, PAAS, SAND, GG etc with GOLD still down $20.
Best wishes
Nice read, as always. Thanks Alex!
DUY24
Thanks for posting, it was a tough post this a.m. with Gold down $35 ish & me trying to show possible low targets reached…so I appreciate everyone reading it and still having happy readers : )
Cant wait to see how today ends, and the week too. Thanks again!
Nice read, as always. Thanks Alex!
DUY24
Thanks for posting, it was a tough post this a.m. with Gold down $35 ish & me trying to show possible low targets reached…so I appreciate everyone reading it and still having happy readers : )
Cant wait to see how today ends, and the week too. Thanks again!
Alex, again thanks for reporting. Love reading your views. NUGT is very attractive. If you remember the reverse 10:1 split? NUGT is essentially a penny stock. The only thing that scares me is the triangle pattern on DUST. Usually a break higher can be expected.
Alex, again thanks for reporting. Love reading your views. NUGT is very attractive. If you remember the reverse 10:1 split? NUGT is essentially a penny stock. The only thing that scares me is the triangle pattern on DUST. Usually a break higher can be expected. Maybe we already had it?
Thanks Alex for the write up!
Thanks Alex for the write up!
Thank you Alex! Happy Monday!
Thank you Alex! Happy Monday!