http://www.neuralmarkettrends.com/2010/02/11/would-you-buy-gold-now/ Rapidminer Evangelism & Consulting Fri, 10 Feb 2012 14:59:20 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.neuralmarkettrends.com/2010/02/11/would-you-buy-gold-now/comment-page-1/#comment-2832 Tom Thu, 11 Feb 2010 14:03:48 +0000 http://www.neuralmarkettrends.com/?p=2046#comment-2832 <p>My neural net models for timing gold show that the $850ish level is the sweet spot but $1020ish is good buy too.</p> My neural net models for timing gold show that the $850ish level is the sweet spot but $1020ish is good buy too.

]]> http://www.neuralmarkettrends.com/2010/02/11/would-you-buy-gold-now/comment-page-1/#comment-2831 Patrick Thu, 11 Feb 2010 13:35:04 +0000 http://www.neuralmarkettrends.com/?p=2046#comment-2831 Bought some minis last night, sold them this morning, the tape doesn't look like a strong reversal pattern, looks like a second correction, one more leg down. 1020s or more likely 1030s is a strong buy. Next leg will complete the first cycle of the bull market from 2001 and be a spectacular blow-off, 1350 at least, maybe 1500+. Then the deflation comes, the credit instruments leveraging the price of gold will have to unwind in a blood bath and the buying opportunity of a lifetime - in the physical - will emerge at perhaps 850, perhaps lower (though if you're buying with no leverage, who cares if it drops $200?).  After that, the sky is the limit. This system is in the process of shaking apart, that's the underlying reality.  Bought some minis last night, sold them this morning, the tape doesn't look like a strong reversal pattern, looks like a second correction, one more leg down. 1020s or more likely 1030s is a strong buy. Next leg will complete the first cycle of the bull market from 2001 and be a spectacular blow-off, 1350 at least, maybe 1500+. Then the deflation comes, the credit instruments leveraging the price of gold will have to unwind in a blood bath and the buying opportunity of a lifetime – in the physical – will emerge at perhaps 850, perhaps lower (though if you're buying with no leverage, who cares if it drops $200?). 
After that, the sky is the limit. This system is in the process of shaking apart, that's the underlying reality. 

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