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So, I see this 'Symetry' in the Gold chart. Will this 'Symetry' continue?

Discussion in 'Gold Silver (All things Metal)' started by Nomis Elpmis, Jun 11, 2016.



  1. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    My day job is architecture, but enjoy trading and investing. As a visually aware person, sometimes I will see 'patterns' in things. Are these 'patterns' valid? Maybe. Anyone want to bet on it?..:-) (Not investment advice)
    GoldSym2.jpg GoldSym.jpg
     
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  2. ToBeSelfEvident

    ToBeSelfEvident Gold Member Gold Chaser

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    I do think the bottom is correct. With all the money printing happening worldwide the price of PMs has to rise significantly just to let off some pressure, IMO.
     
  3. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Events that will effect gold this month: 1)FED interest rate adjustment, Wed. June 15th 2)Britain's vote to leave/stay in the EU, Thurs. June 23. Place your bets..:-)
     
  4. andial

    andial Sir Midas Member Site Supporter ++

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    fed raises 1/8 , Britian votes to stay with Eurosprawl.
     
  5. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    I say FED raises 0% and Britain votes to exit because I think the 'wheels' are really coming 'off the bus' this time.
     
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  6. michael59

    michael59 heads up-butts down Site Supporter ++ Platinum Bling

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    Yes the wheels on the bus go round and round even as they pass you.
     
  7. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    The symmetries look quite impressive.


    The bus hasn't really budged in years. The passengers are still waiting for something to move but the parting out phase is already underway.
     
  8. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    I feel like a psychic super genius today.:-) No FED rate hike. Symmetry remains intact.
     
  9. andial

    andial Sir Midas Member Site Supporter ++

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    I'm 0 for 1 Nomis thought the fed would raise hope you do well with your trade.
     
  10. SilverCity

    SilverCity Gold Member Gold Chaser

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    The correct answer is yes. Next question?

    SC
     
  11. louky

    louky Silver Member Silver Miner

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    no, it won't hold, we're headed down after your black circle at 1300, not up
     
    Last edited: Jun 19, 2016
  12. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Louky, the 'Brexit' vote is next week. I'm guessing they will vote to go out and it will be fortunate timing for gold and allow it to maintain it's upward 'momentum'. The economic climate is very unstable currently. I think the 'chop' that I show coming up, which maintains the symmetry may, 'pan out'.
     
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  13. Ebie

    Ebie Midas Member Midas Member

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    Brexit is already anticipated. If they don't exit, gold will go down.

    100% of the experts--including TV, that gold has to go up short term and long term
    So it will (90% chance) go down--for a while.
     
  14. SilverCity

    SilverCity Gold Member Gold Chaser

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    Three hits on 1300 and it's on to 1400.

    SC
     
  15. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Britain exits. I'm never right twice in a row.:-) Gave the boost to gold I was hoping for. Third time over 1300. Symmetry remains intact on the weekly chart. Symmetry is breaking down on the daily. (Just my opinion, not investment advice)
    GoldSym.jpg
     
  16. louky

    louky Silver Member Silver Miner

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    You were right. Headed down just like I thought, then brexit. I shouldn't have bought the "no" hype leading up to the vote. That said, I always agreed the long term trend was up regardless of brexit. Just thought it was going to trend down for a few weeks.
     
    Last edited: Jul 4, 2016
  17. D-FENZ

    D-FENZ Gold Member Gold Chaser Site Supporter ++

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    I have been watching this thread since you started it. I see the chart goes up and it goes down. All of them do. I have looked for symmetry- even caught myself unconsciously tipping my head looking for symmetry. But forgive me, and with all due respect I see little symmetry beyond a saucer bottom which by definition would always be somewhat symmetrical in that it would begin trending in an opposite direction from that which preceded the saucer, with higher highs and higher lows. The only other obvious symmetry is in the colors of the balls - but you put those there.

    To be sure, I'm not an accomplished technical analyst but not a complete novice either. I've just never heard of such a thing. Help me out here. Does symmetry in charts as you see them ever have any significance for time and price beyond a mental exercise in pattern recognition?
     
  18. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Just my own personal observation, analysis and theories. Was looking for a signal that gold had bottomed. Thought it was odd how 'ordered' the gold chart looked. I've been looking at metal & currency charts as a hobby for 10+ years. Trying to combine data and intuition to come up with my own 'method' that might be predictive.
     
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  19. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Here, I'm going to go out on a limb and post this chart of a stock I significantly got into last week AAU (currently $1.50/sh). I see what I'm interpreting as a short term bottom and a 'kind' of 'symmetry' around it. This combined with my intuition says it will go up significantly tomorrow or Wed. Testing out my theory.:-) AAU10d.jpg
     
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  20. andial

    andial Sir Midas Member Site Supporter ++

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    Brave call Nomis bearish sentiment seems on the rise hope you are right.
     
  21. louky

    louky Silver Member Silver Miner

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    he'll comes out ahead in the medium term regardless of whether his 2-3 day call is correct
     
  22. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Well, it went down 4% today, which is about the bottom I showed, but the market is pretty volatile, so direction is likely to change. Someone will want to 'pump' this stock..:-)
     
  23. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Sort of right, but mostly wrong. For the record..:-)
    AAU Loss.jpg
     
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  24. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Take the following with a 'shaker of salt'. Testing my 'bottom' theory on a short term time frame.
    Bottom Theory.jpg
     
  25. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Does correlation equal causation? Just sayin'...:-)
    just sayin.jpg
     
  26. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Tryin' it out with the dollar. Dollar down early next month, 95.5ish. (My personal observation. Not trading advice)
    dollar down.jpg
     
  27. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Gonna get a little meta-psychical with my theory. I'm proposing that something significant culminated on July 21st and set up a trend going forward. Was it the last night of the RNC convention and Donald Trumps Speech that was the pebble in the pond' that created symmetrical 'ripples' of sentiment? Just looking for answers..:-)
    FriMonGold.jpg
     
    Last edited: Jul 30, 2016
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  28. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    When I say 'symmetry' it's not strict geometric symmetry. It's subtler, a kind of 'symmetry of sentiment'. "95.5ish" happened early. I might have to delete this thread..:-)
    time wrong direction right.jpg
     
  29. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Seeing 'the pattern' again. Ultra short term 'guestimation' based on 'symmetry' . Gold going up to 1380ish around 2:30pm.
    5mingold.jpg 5mingold2.jpg
     
  30. Joe King

    Joe King Gold Member Gold Chaser

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    Yea, but what we really need to know is, what's gonna happen at 3:00PM? lol
     
  31. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Something happened overnight at 3am (US Eastern) time. It shows up clearly in AUD, NZD and JPY currencies. Any ideas on what it was?
     
  32. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Gonna stay away from those short term guesses. Got it really wrong. Gold was in a eerie holding pattern overnight waiting for the US jobs report. My portfolio is down 10%, but buying is coming in and softening the blow. Miner shorts like DUST & JDST would of been the move. Oh well, the trend is up , losses will be absorbed. On a longer time frame...
    weeklygold.jpg
     
  33. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Having skin in the game really focuses the mind and drives the lesson home. Will have to wait out a cycle. No dry powder.
     
  34. louky

    louky Silver Member Silver Miner

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    Tried to warn last night, sorry too late

     
  35. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    I really appreciate your posts, Louky. I enjoy hearing other people's specific market direction ideas and stocks tips. I started putting money into miner stocks in Feb and am kind of a novice at trading, so making mistakes in an upward trending market isn't the worst thing. It's great for learning the ropes without too much pain. I've been 20% down on a stock and have just waited it out to completely rebound. I'm out of phase with the cycle now, so have to ride an upward move to recoup losses because I trade with a fixed amount of money, then stay out till another short term bottom arrives, which shouldn't be too long from now. Don't think I will miss the big up move... I think..:-)
     
  36. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Further dollar strengthening is a possibility according to my symmetry theory/guestimation system, 97.25ish. Won't drag PMs down much further because of bullish gold sentiment. After that, back down.
    usd.jpg
     
  37. louky

    louky Silver Member Silver Miner

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    Magic 8 ball says $ definitely breaking 100 soon

    [​IMG]
     
  38. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    I now see what you're saying, Louky. I haven't looked at a monthly chart for months because I've been so focused on day trading. Applying my symmetry thingy just as a visualization tool, a serious dollar up move looks very feasible considering that the dollar is a global 'safe haven' currency and a global 'meltdown' is looming. I guess the real madness starts next year.
    longdollar.jpg
    Ripples-1.jpg
     
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  39. louky

    louky Silver Member Silver Miner

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    Hey Nomis,

    Remember the move from late July that provided your next pop up to keep symmetry in tact? I posted it in Zed's thread and you agreed a move up was coming. It's back again. Right when you need another hump on the chart


    [​IMG]

    [​IMG]
     
    Last edited: Aug 15, 2016
  40. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    Louky, I agree. I think there will be a quick dollar up move to 97.25ish 'before or around' the end of the month. Gold will go to 1300ish in response. Then the dollar will go back down and precipitate the 'biggish' gold up move towards 1500 next month. See below. Sprinkle with a shaker of salt..:-)
    usd975.jpg gold1300up.jpg
     
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