This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Gold Price - Where is it heading?

Jump to new
Anyone interested here on the long side? The volume signals have been fairly positive since 925, in hindsight should have bought 928. this may well be the bottom... but I don't know if I could get a night's sleep
 
Oh yeah I'm in there with ya's Barrett , Kauri can spin around and reverse on a 5 cent piece , I'm sure he drives up and down both lanes .
 
lol Gartman isn't mincing words,
"In conclusion, we do not see these potential
gold sales by the IMF as being disastrously bearish of
gold. Indeed, we see the weakness in the gold market as
an opportunity to buy gold, not to sell it. Historically IMF
gold sales have proven to be that: an opportunity rather
than an obstruction. Weakness today that took spot gold
down to $925 should be bought. It is that simple."
 
I've measured the growth stories , herds get culled regularly by Wall Street .

I expect the same over the next quarterly data , just enough growth to achieve a measurement , going to be fantastic earnings this year for all ...... not .
 
ithatheekret said:
I've measured the growth stories , herds get culled regularly by Wall Street .

I expect the same over the next quarterly data , just enough growth to achieve a measurement , going to be fantastic earnings this year for all ...... not .
Click to expand...

US stocks are cautious as well, after weak earnings reports from Macy"s and Home Depot announced this morning.
 
Yep more nightmares on Wall Street . Be a movie soon .


PS ....... my entry is well above bottom and my five ways look sweet , so anyone that managed to hook a bottom feeder would be sitting pretty about now .
 
Silver the leader but the US$ index heading towards a new low is my indicator. As we have concluded for some time, get PPP Mondays out of the gate and away she blows again.

Gold is the dominant, ultimate currency and paper debtloaded promises will be trashed.
 
The same story line has been dragged out as was the last two minute recession , even the IMF story Chancellor Crash put that motion forward , just about every point of order smashed it down , POG was around 317 at the time I think , just before the 340's . That's when CNBCs Erin Iceblock mentioned that gold buyers were paranoid , $600 later and Wall Street is the mob that's paranoid . The next President could see them using the Fed word in another way , by adding Penitentiary to the end . That should make up for all the Wall and State spruiking benefics for their bank accounts .
 
Eurosystem gold sales continue with sales from one Eurosystem central bank of EUR47 mln in gold. ECB-linked central banks have been net sellers of gold now for 171 out of the last 177 weeks but that has not yet failed to stem gold price gains. The IMF is also now tipped to sell gold as well, and it is debatable whether this will affect the price either, despite yesterday"s gold decline on the news the US would support such sales.
 
Strewth, whilst watching gold the focus went to silver, poor old PPP dont' seem to have enought fingers for the dyke at the moment and all their pals have got up early to get in line for de loaf of bread.

And de seppos just love dat falling money from above, makes de dow fly, hay mabbe de dow is unca bens helicopted, all commin clear when me head wants to go back to bed.
 

Attachments

  • silver.gif
    17.6 KB · Views: 94

Snippet from a major on the POG. They've been very accurate on gold and other metals over the past year couple of years - not so on sub-prime

 
strong gold price showing overnight, so I guess we can expect another lacklustre performance on the market today amongst promising gold explorers and new gold producers as they drift around on low volume in apathy lol.

At least my LGL call options will stack on a cent or two.
 

yeah exactly, it's like what is going on.. wtf's going on!! lol

I don't read the papers much but I take it the gold story is still pretty much unknown in the broader community and even in the investment community. Most commodities are pretty easy to understand, industrial supply and demand... gold isn't. If they don't understand why it's going up they won't invest in it. That's the experience I have with most of my relatives and friends. I can tell them about it over and over but they just don't feel they understand it well enough to commit money. And most financial professionals were trained with a Keynesian bias.. so they've probably got less chance of understanding it than my mum..

Hey qman who was that quote from?
cheers
 
qmanthebarbarian said:
Snippet from a major on the POG. They've been very accurate on gold and other metals over the past year couple of years - not so on sub-prime
Click to expand...


yeh, think they will be proven wrong about the gold situation also. Supply is outstripping demand dispite the rhetoric of the Wall Street crowd. On volumes now the IMF release will be but a small grain.

That reminds me of our aussie dollar issue someone mentioned yesterday. With the high gold price in $US demand in that currency is depleating supply, particularly offshore holders who are trying to defend themselves against the loss of the dollars they hold by getting into bullion. That supply shortage is a global problem so even against our rising aus dollar, gold will still climb at a much greater rate.
 

Just remember to take profits explod don't fail to see the change. you were right on this 200$ + rally from day one. but don't be the last off just cuz u have a belief!

good on you!
 
Just another point - most Gold is traded in USD right?

the fact that the AUD has been consistently climbing against the USD at the same time the USD Gold Price has been climbing, means an exponential profit bonanza for our Aussie miners right? like a double whammy of good price and currency conditions?
 
>Apocalypto< said:
Just remember to take profits explod don't fail to see the change. you were right on this 200$ + rally from day one. but don't be the last off just cuz u have a belief!

good on you!
Click to expand...


Nothing to do with belief. I follow technicals close in executing trades and fundamentals to identify the targets. With the momentum of the US dollar down and the gold price up I will hold this baby for the moment. Signs of extreme volatility and sentiment I also watch for, but the market is the torch.

I have been close to this for five years now and can assure you we will know when to get off.

Thanks for the concern and advice. To are large degree we are entering new territory in the whole global upheaval and will need the counsel of each other every step of the way.

Interesting though, my wife and I only decided overnight to offload some physical silver to turn it over to the share portfolio. It is going up today (over $20 Aus now) so may have to wait a bit on that.

Cheers explod
 
 
You must log in or register to reply here.

Similar threads

M
Investing in Gold
3 4 5
Replies
81
Views
12K
qldfrog
SGD - Siguiri Gold Corp.
Replies
1
Views
780
Dona Ferentes
GMIN - G Mining Ventures Corp. (TSX)
Replies
1
Views
590
mullokintyre
US Election 2024 : Stock and Economic Comment
7 8 9
Replies
171
Views
10K
divs4ever
  • Sticky
Resources Rising Stars 2024 Conference Gold Coast
Replies
7
Views
2K
Garpal Gumnut
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...