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
Re: Of course...

Mr Z said:
... the Greek government will have to clamp down on it at some point because it could threaten tax revenue.... not that the Greeks tend to pay taxes anyway
Click to expand...

My Z,
There was very interesting story on Greece this week (I think it was on the 7:30 report).
My mum laughed and said l should marry a Greek girl. Get up at Midday, drink latte's and read the newspapers all day....
 
I thought up of another question.

When the gold standard was dropped and all the central banks sold mass quantities of gold....who bought it all
 
Starcraftmazter said:
I thought up of another question.

When the gold standard was dropped and all the central banks sold mass quantities of gold....who bought it all
Click to expand...

Mostly smart private individuals but the banks are now buying it back.

Sometimes we can lose sight of the bigger picture when getting bogged down in day to day discussions. This morning an email from Jim Sinclair hit my inbox which has me thinking of my long term reasons for holding silver, but the story applies equally to gold.

I am not one for the God stuff myself but the facts behind the story are sound in my view.

The ratio of the gold rise in the 1970's is something I mentioned on this thread some years ago now and it is referred to here too. Gold at that time went from $35 an ounce to its top of $800 which was about 25 to 1. This gold bull run began at $260 which multiplied by 25 is $6,500. There is a good case to say however that the conditions on money printing are very much out of control this time so who knows where the big top will be found.

A fairly long article but well worth the read and discussion in my view.

http://www.jsmineset.com/2011/11/14...d-symposium-14-15-november-2011-by-alf-field/
 
if someone showed me this chart, l'd say it looks like a crash would be on the way....


 
Any chart showing exponential growth will look like that at any point. Gold looked like that years ago! In and of itself it means little other than the obvious fact that exponential growth can't go on forever... unless of course it is Oz resi property. The question is "Are we there yet?", I say no... you are free to say go!
 
Well
In my view Gold is about to correct.
If I was to trade it it would be short
 
tech/a said:
Well
In my view Gold is about to correct.
If I was to trade it it would be short
Click to expand...

Interesting, if gold does correct surely it would be coinciding/precursing a deflationary environment through the EU. Rather then the hyper inflationary environment so many long gold are betting on.
 
tech/a said:
Well
In my view Gold is about to correct.
If I was to trade it it would be short
Click to expand...

Interesting in depth analysis there tech; and a brave call too.

To me gold is still within the uptrend channell by a safe margin. The HUI indicated a reverse candle yesterday which was confirmed on the rise today.

http://stockcharts.com/h-sc/ui?c=$HUI,uu%5bw,a%5ddaclyyay%5bpb50!b200%5d%5bvc60%5d%5biUb14!La12,26,9%5d&pref=G

I would not be going short.
 
I hold the view that gold will rise in Aussies but fall in Greenback terms. The USD upswing looks quite determined as AU$1.20 could be reached by next April -- so gold US$1,500 and AU$1,800.
 
noirua said:
I hold the view that gold will rise in Aussies but fall in Greenback terms.
Click to expand...

Action in the spot XAUAUD market, 1700 held up very nicely the last two days, with 1570 still as medium term support. Strong resistance band at 1765-1770, break above to see fresh gains required.

 
DB008 said:
if someone showed me this chart, l'd say it looks like a crash would be on the way....
Click to expand...

If you looked at the value of a $50 note would you say it due for a reversal?

The price of Gold gives you an idea of the value of our plastic money.
 
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
768
Dona Ferentes
GMIN - G Mining Ventures Corp. (TSX)
Replies
1
Views
520
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...