Gold Price - Where is it heading?

professor_frink · 13 March 2006

Re: GOLD Where is it heading?

nizar said:
yes unfortunately but not sbm

sorry to hear that nizar. Wasn't just the goldies doing that today. The big oil stocks did it as well

MARKETWAVES · 20 March 2006

Re: GOLD Where is it heading?

GOLD REPORT ..................

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kevo · 21 March 2006

Gold Bugs are right big time!!!

I'm all over OXR and in love with Owen!! I beleive that the US is broke and that reported inflation in the US is totally bogus. Gold is in a mega bull market, only Silver and Uranium will do better.

Many market commentators are currently bullish on gold, but few as bullish as Cheuvreux, part of Credit Agricole.

The UK-based company recently lifted its 2006 gold price estimate to US$900/oz from US$750/oz in this report. Cheuvreux thinks the gold price could spike to US$2,000/oz, but the reason sounds like a conspiracy theory: that the gold price has been kept low by secret central bank selling designed to preserve confidence in financial markets during periods of uncertainty and keep bond prices up and thereby improve the perception of U.S. monetary policy.

Alan Greenspan referred to the power to manipulate the price of gold. He told the House Banking Committee in July, 1998 that "central banks stand ready to lease gold in increasing quantities should the price rise."

While the notion that western governments would conspire to suppress the gold price has not gained widespread support, Cheuvreux suggests organizations such as GATA (Gold Anti Trust Association), mad "gold bugs" and conspiracy theorists, according to the financial mainstream, have been right all along.

Gold is a store of value, and Cheuvreux says the metal's value soars when yields on financial assets decline and the risk of crisis increase.

Billions of U.S. dollars do seem to be sparking commodity price inflation and Cheuvreux says that gold will eventually skyrocket due to its safe haven status. Sprott Asset Management agrees. "Start hoarding" might turn out to be very good advice.

KEVO

kgee · 24 March 2006

Re: GOLD Where is it heading?

Check out clive maunds charts for some ta

http://www.gold-eagle.com/editorials_05/maund032206.html

I was just thinking of buying some shares in BMO but might wait

RichKid · 28 March 2006

Re: GOLD Where is it heading?

kgee said:
Check out clive maunds charts for some ta

http://www.gold-eagle.com/editorials_05/maund032206.html

I was just thinking of buying some shares in BMO but might wait

Wonder if he'll change his view now that gold appears to have broken that downtrend line starting at the all time high? Very steep climb though as he notes in relation to the ma's.

Does anyone know where to get free daily online charts for gold continuous futures?? I keep having to switch between contracts on other sites (eg futuresource) and some don't show open interest (kitco). Thanks in advance.

RichKid · 28 March 2006

Re: GOLD Where is it heading?

RichKid said:
Does anyone know where to get free daily online charts for gold continuous futures?? I keep having to switch between contracts on other sites (eg futuresource) and some don't show open interest (kitco). Thanks in advance.

Ok, answered my question thanks to that link by Kgee, sure I'd been to that site before but didn't notice the charts.

Here's a nice simple bar chart, note the increasing volume and higher swing patterns. So is this the start of the next powerful rally we were looking for??

.

brerwallabi · 28 March 2006

Re: GOLD Where is it heading?

Yes Rich hope so, $600US just around the corner?

crackaton · 28 March 2006

Re: GOLD Where is it heading?

March is always a down month and POG/POS and POO have held their heads high. Looks like the market is stable for another year!!

brerwallabi · 28 March 2006

Re: GOLD Where is it heading?

Crack
Does that mean you see it ranging in a narrow band for 12 months?

rederob · 30 March 2006

Re: GOLD Where is it heading?

$575 just been smashed through and silver is looking to $11.50 after just breaching $11.
It's all happening in precious metals.
Was there some action in uranium I missed yesterday?

Porper · 30 March 2006

Re: GOLD Where is it heading?

rederob said:
$575 just been smashed through and silver is looking to $11.50 after just breaching $11.
It's all happening in precious metals.
Was there some action in uranium I missed yesterday?

I am not sure how so many people got negative on Gold, probably because it stopped going straight up for a while.I have bought on previous pull backs and done well.When this cycle stops I will stop looking through my rose coloured spectacles, until then I will keep buying junior Goldies.

The charts look good to me

powerkoala · 30 March 2006

Re: GOLD Where is it heading?

Just hit $580 mark on my screen.
Is this going to be $600 soon?

rederob · 30 March 2006

Re: GOLD Where is it heading?

powerkoala said:
Just hit $580 mark on my screen.
Is this going to be $600 soon?

Yep, the number's up!
There will be a retrace, but blue sky begets more blue sky as the once impervious $575 has now been trashed.
Typically these sharp moves run short but strong.
But the bottom line will see $575 as support in the near term, with $625 my primary upleg target.

clowboy · 30 March 2006

Re: GOLD Where is it heading?

Yep, pretty happy that it has broken through previous highs,

All looking good to me.

powerkoala · 31 March 2006

Re: GOLD Where is it heading?

$583.90.... and keep going.....

Porper · 6 April 2006

Re: GOLD Where is it heading?

powerkoala said:
$583.90.... and keep going.....

Well, Gold should have a push towards the $600 mark tonight I would think, and to think last week people were talking about $500 revisited.

It is nerve racking as it seems very easy to make money at the moment, far too easy infact.Maybe some of the more senior members who have done the rounds can give us an insight as to what it was like before the last big crash (1987).It shouldn't affect Gold too much but of course if we do have a big correction then Gold stocks will still slide.

The good thing about CFD's (one of them) is that we can set guaranteed stop losses, not something I do but I am looking towards doing this, especially on the more volatile stocks.

In the meantime let's hope Gold can get above $600. and worry about the next step then.

crackaton · 6 April 2006

Re: GOLD Where is it heading?

Porper said:
Well, Gold should have a push towards the $600 mark tonight I would think, and to think last week people were talking about $500 revisited.

It is nerve racking as it seems very easy to make money at the moment, far too easy infact.Maybe some of the more senior members who have done the rounds can give us an insight as to what it was like before the last big crash (1987).It shouldn't affect Gold too much but of course if we do have a big correction then Gold stocks will still slide.

The good thing about CFD's (one of them) is that we can set guaranteed stop losses, not something I do but I am looking towards doing this, especially on the more volatile stocks.

In the meantime let's hope Gold can get above $600. and worry about the next step then.

I reckon this a bit of steam left in the old boiler yet.

Milk Man · 6 April 2006

Re: GOLD Where is it heading?

Porper, I dont think you can get guaranteed stops on the more volatile ones generally (someone correct me if im wrong). I think theres a clause about company actions voiding any guaranteed stops too.

Porper · 6 April 2006

Re: GOLD Where is it heading?

Milk Man said:
Porper, I dont think you can get guaranteed stops on the more volatile ones generally (someone correct me if im wrong). I think theres a clause about company actions voiding any guaranteed stops too.

You are correct Milk man, on some stocks you can't get guaranteed stops, but actually it isn't many.I use IG Markets so can only speak about them.They seem pretty good on that score.

wayneL · 6 April 2006

Re: GOLD Where is it heading?

DING DING DING DING!!!!!

June futs > 600

Gold Price - Where is it heading?

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