Gold Price - Where is it heading?

[Temjin]

If you have followed, read and understood the article at the end of the link provided by Bushman this morning, the answer you seek should be fairly obvious. After holding support at US$750 last night I am not banking on much, if any further weakeness from here. But I have been wrong before.

I decided to fully load today with a purchase of Avoca. AVO

Lol I SUBSCRIBE to Casey Research gold watch. I knew I read that article somewhere before, cos the opinions were so familar.

I am definitely banking on further weakness, based on independent analysts and on technical analysis. That's why I've been holding back for a while now.

 

[So_Cynical]

LOL @ u Guys

Gold goes back to support and its all doom and gloom

this time next week we will be back testing new 28 year highs.:

 

[Bushman]

I buy silver per Kilo I have an average price of AUD 280. My last purchase September 2005.
If one buys physical gold then maybe one should also look at buying the poor mans gold…silver

What broker do you use to buy gold & silver?

 

[CanOz]

LOL @ u Guys

Gold goes back to support and its all doom and gloom

this time next week we will be back testing new 28 year highs.:

Speaking of Doom and Gloom, check out Faber...i think he's brilliant, no one explains this Sh** better than him.

http://www.bloomberg.com/index.html?Intro=intro3


Cheers,

 

[Sean K]

Speaking of Doom and Gloom, check out Faber...i think he's brilliant, no one explains this Sh** better than him.

http://www.bloomberg.com/index.html?Intro=intro3

Cheers,

Can't find Faber through that link CanOz.

 

[Whiskers]

Can't find Faber through that link CanOz.

Hi kennas

I punched faber into search and came up with this.
http://search.bloomberg.com/search?...wnnis&sort=date:D:S:d1&submit.x=13&submit.y=7

I'm down to the 'like a bartender' one. Sounds like it might be the one.

 

[SevenFX]

Hi kennas

I punched faber into search and came up with this.
http://search.bloomberg.com/search?...wnnis&sort=date:D:S:d1&submit.x=13&submit.y=7

I'm down to the 'like a bartender' one. Sounds like it might be the one.

Or if your looking for the Video links for Marc Faber check out below
http://search.bloomberg.com/search?...F-8&filter=p&getfields=wnnis&sort=date:D:S:d1

 

[CanOz]

Thanks guys, sorry, it was late when i finished watching it and i didn't check the link....my bad...

In any case it was the latest interview on Bloom with him, for anyone that does not under stand what the heck is going on the global economies i resckon you can't go past it!

Cheers,

 

[Whiskers]

Gold is makeing another nice little run into $770 territory on our opening again.

Is the so called PPT going to kill it again?

 

[explod]

Gold is makeing another nice little run into $770 territory on our opening again.

Is the so called PPT going to kill it again?

The PPT are usually at it at this time of the day. Very bullish as US$770 was establishing as resistance. The dark clouds circling Iran is probably the key driver. Dont' be surprised at a sudden leap towards $800 some time soon.

 

[Whiskers]

The PPT are usually at it at this time of the day. Very bullish as US$770 was establishing as resistance. The dark clouds circling Iran is probably the key driver. Dont' be surprised at a sudden leap towards $800 some time soon.

Silver seems to be testing $14. Gold still hanging in there over $770. Given some are suggesting silver movement is probably a leading indicator for gold, is it conceivable that a sustained break through $14 for silver could unleash gold?

 

[Whiskers]

Hey, where all you guys today?

Silver through $14! Is this omonius for gold tonight?

 

[explod]

Hey, where all you guys today?

Silver through $14! Is this omonius for gold tonight?

]

Well Whiskers we have a breach of $14 silver now and gold has gone to $775.50. Cant' get into Westpac yet though. Perhaps when gold hits $10g- I wont be able to sell me gold stocks.

 

[CATAPILLAR]

Or if your looking for the Video links for Marc Faber check out below
http://search.bloomberg.com/search?...F-8&filter=p&getfields=wnnis&sort=date:D:S:d1

SevenFX, this is completely out of left field. Do you still have your APG - Austpac shares.

Cheers Catapillar

 

[Sean K]

Goldies should be up on Monday perhaps....

The XAU actually broke through 180 and held above on this chart, so another breakthrough. RSI is not demanding but MACD just starting to fall. Could keep going for a little bit, but we need some consolidation soon for the gains to be healthy.

 

[explod]

We now have thrown off the shackles and have lift-off. The general investment community will now turn attention towards gold and because the size of that is many times more than in 1980 as well as gold production being down all you patient gold followers will be rewarded.

Have a good weekend.

 

[Whiskers]

Looks promising alright. For the proposition that gold is shadowing silver, it closed well over $14 and held also.

How do the stockastics look on the XAU, kennas?

 

[Sean K]

Looks promising alright. For the proposition that gold is shadowing silver, it closed well over $14 and held also.

How do the stockastics look on the XAU, kennas?

They look to be falling over. However, I have found that stochastic can stay higher for londer and need to be combined with other indicators including basic S&R to get the entire picture.

Overall, I'm expecting a jump and then some consolidation. On the XAU perhaps back to 160-170....

Still, I'm with bean on the overall scenario of a market correction that will take stocks down with it before more significant gains in gold stocks. If it is a large correction there may be a chance of 150-160. So, depends on what sort of overall correction we have.

 

[Whiskers]

They look to be falling over.

Yeah, I just realised I could get it on Big Charts. Even the daily is pretty full and it's pushing the top of the bollenger band also.

However, I have found that stochastic can stay higher for londer and need to be combined with other indicators including basic S&R to get the entire picture.

Overall, I'm expecting a jump and then some consolidation. On the XAU perhaps back to 160-170....

Still, I'm with bean on the overall scenario of a market correction that will take stocks down with it before more significant gains in gold stocks. If it is a large correction there may be a chance of 150-160. So, depends on what sort of overall correction we have.

Thanks kennas.

 

[chops_a_must]

Looks like we've got another pop in the gold price across all currencies. Could be ahead of tomorrow night's decision perhaps. But by my guesstimate, this is perhaps going to be the last run we see, if we see it, for a while.