{"id":875,"date":"2011-08-10T02:54:17","date_gmt":"2011-08-10T02:54:17","guid":{"rendered":"http:\/\/www.cashthechaos.com\/blog\/?p=875"},"modified":"2011-08-10T03:09:10","modified_gmt":"2011-08-10T03:09:10","slug":"caution-golds-move-getting-parabolic","status":"publish","type":"post","link":"https:\/\/www.cashthechaos.com\/blog\/2011\/08\/10\/caution-golds-move-getting-parabolic\/","title":{"rendered":"Caution: Gold’s move getting parabolic"},"content":{"rendered":"

The up move in Gold is starting to look similar to what silver was in April. Yesterday's intraday high of 1782 and a much lower close is the first warning sign. This does not necessarily mean that Gold will start crumbling right away. In fact an erratic rise, like the two scenarios shown on the chart below would give traders an ideal shorting opportunity and would be a classic parabolic end.<\/p>\n

\"\"<\/a>

Gold - Daily Charts<\/p><\/div>\n

In Technical terms: This is an extended wave 5. Almost always when the extended moves ends, it will be followed by a VERY HARD<\/strong> drop.<\/p>\n

The sentiment picture: Talk to anyone around you, they will tell you must be insane not to own gold. I've been seeing facebook status from wannabe analysts and public\u00a0stating heads or tails Gold wins. That is your sentiment picture screaming that the boat is about to capsize.<\/p>\n

So, it is absolutely essential<\/strong> to understand that this not<\/strong> the time to create new long positions in Gold<\/strong>. If you are already long, be ready to fold.<\/p>\n","protected":false},"excerpt":{"rendered":"

The up move in Gold is starting to look similar to what silver was in April. Yesterday’s intraday high of 1782 and a much lower close is the first warning sign. This does not necessarily mean that Gold will start crumbling right away. In fact an erratic rise, like the two scenarios shown on the […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[35,11],"class_list":["post-875","post","type-post","status-publish","format-standard","hentry","category-commodities","tag-gold","tag-linkedin","category-41-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/comments?post=875"}],"version-history":[{"count":6,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/875\/revisions"}],"predecessor-version":[{"id":886,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/875\/revisions\/886"}],"wp:attachment":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/media?parent=875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/categories?post=875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/tags?post=875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}