Gold Price - Where is it heading?

[aclassic]

Interesting race going on here,
View attachment 46232View attachment 46233

Race

Manipulation ?

 

[Trembling Hand]

Manipulation ?

By?

 

[aclassic]

By?

Hey I'm no expert, others here will be able to tell u exactly.

Does it matter who by.

Those who have been hammering silver for the last few months whenever it looked like gettin off the chain.

Maybe look at a 6 or 12 month chart for those massive dives.

 

[Trembling Hand]

Hey I'm no expert, others here will be able to tell u exactly.

LOL I doubt it.

Does it matter who by.

My guess is it was all the CTA's, Hedgies and nutzo leveraged retail that got blown up. Normal market for mine. :couch

 

[aclassic]

OK I must fess up before too deep.

my knowledge = zip.

just my observation of incredible drops of ag price in past 6 months in NY for instance.

while watching flow on for PMs

cheers

 

[Tysonboss1]

OK I must fess up before too deep.

my knowledge = zip.

just my observation of incredible drops of ag price in past 6 months in NY for instance.

while watching flow on for PMs

cheers

why does a drop have to represent manipulation

 

[Tysonboss1]

No waiting required,

in 12 years the Dow is up 6% and gold is up 530% and rising

Got gold?

the dow paid dividends,

lets overlay a longer history for a more acurrate picture, can we see they figures for a 20year holding period.

Here is the mistake you are making, you are assuming because gold has risen 530% compared to only 6% for the dow that gold will make a better investment in the future.

The truth is that the fact that the dow has lagged will make it a prime time to buy it and it will perform well,

the fact that gold has gone up in value by 530%, means it is now over valued and due for a long period of lag or perhaps a coorection

 

[Trembling Hand]

why does a drop have to represent manipulation

And the leverage on the short side evil while not a mention of the opposite?

 

[aclassic]

why does a drop have to represent manipulation

Good points people.

Upon reflection, Of course it doesn't.

So

Manipulation never occurs.

 

[Trembling Hand]

Here is the mistake you are making, you are assuming because gold has risen 530% compared to only 6% for the dow that gold will make a better investment in the future.

To me the real mistake is that 530% vs 6% is irrelevant. Its in no way applicable to how people trade/invest.

Imagine a business owner who takes $100,000 back in 2000 and bought gold or setup a new enterprise (my experience). An enterprise has the ability to pays ones living expenses while also providing great wealth. Or a half decent investor/trader. Its not like people just decide to buy the DOW and let it run forever.

But with the cost of bullion transaction thats almost what you are locked into doing.

 

[Trembling Hand]

Manipulation never occurs.

Its only manipulation if you are on the wrong side. c:

 

[aclassic]

Its only manipulation if you are on the wrong side. c:

I do agree with what you are saying there too.

 

[Tysonboss1]

Manipulation never occurs.

It may do, but generally be through the term around when ever the market doesn't act the exact way they see it in there narrow veiw of the world.

 

[aclassic]

It may do, but generally be through the term around when ever the market doesn't act the exact way they see it in there narrow veiw of the world.

There appears to be people who claim to have witnessed bots or whatever (please overlook my lack of jargon knowledge) driving a price down and at the same time (when suitably driven down) buy larger volumes in return.
Would you say that does not occur?
If it does couldn't it be called manipulation?

 

[Trembling Hand]

There appears to be people who claim to have witnessed bots or whatever (please overlook my lack of jargon knowledge) driving a price down and at the same time (when suitably driven down) buy larger volumes in return.
Would you say that does not occur?
If it does couldn't it be called manipulation?

aclassic that is but the market. Has been for 200 years. Hopefully there will be another 100 years more.

I see it everyday in every direction in every instrument. For some reason its considered evil when it happens to PMs. Do not think thats unique to PMs and that it only applies to falls. It doesn't. Also do not think the odd washout or short squeeze on a short time frame will change Golds price over the longer time frame.

 

[aclassic]

Thanks Trembling Hand.

good handle too.

 

[Trembling Hand]

I see it everyday in every direction in every instrument.

And just to back me up right on time . If you have access to any intraday charts of FX, Commods or Equity indexs (asian) have a look at the run up since 4:30. Big time bot walk up. Including gold

Will post some charts latta.

 

[sinner]

To me the real mistake is that 530% vs 6% is irrelevant. Its in no way applicable to how people trade/invest.

I actually agree here.

Imagine a business owner who takes $100,000 back in 2000 and bought gold or setup a new enterprise (my experience). An enterprise has the ability to pays ones living expenses while also providing great wealth. Or a half decent investor/trader. Its not like people just decide to buy the DOW and let it run forever.

Disagree here. Gold is what you put your surplus productivity into, not what you invest in as a productive asset. As a great example, in the country of Australia it's mandatory for every legal employer to contribute >7% of their employees productivity to a superannuation account. Almost all of which are invested largely in Australian equities. Surely at least in this case, you can see that many people do indeed "buy the DOW and let it run forever".

...


As for the action in gold priced in AUD: a nice kick in USD price gold combined with some indecision in the AUDUSD markets provided a moderately bullish test/bounce from the 40 day breakout event earlier this week. Event test/bounce can be a good low risk swing entry (especially combined with the inside bar present), if you are into that sort of thing. Otherwise it is only a modest bullish confirmation, without penetrating the prior days high. Resistance at 1673-5ish only leads to more resistance. A lot of work to push into the 1760-1830 range, where even more work is required to generate a serious breakout without faltering. Supports remain unchanged, aside from short term support/swing low which developed last night on the event test.

 

[Trembling Hand]

Disagree here. Gold is what you put your surplus productivity into, not what you invest in as a productive asset. As a great example, in the country of Australia it's mandatory for every legal employer to contribute >7% of their employees productivity to a superannuation account. Almost all of which are invested largely in Australian equities. Surely at least in this case, you can see that many people do indeed "buy the DOW and let it run forever".

Yeah glad your reminded me of Super. That is, for most people, "buy the DOW and let it run forever" with the added cr@p of all the gov rules. Which is exactly why I stopped taking money out of my business as wages a long time. Once I do that I was getting what I considered a 9% extra "tax".

I do understand the "Gold is what you put your surplus productivity into, not what you invest in as a productive asset." thing. Which traditional people have used housing investment for. But as a trader who has very liquid markets to trade as yet Gold @ 530% return over whatever years still has not attracted me. Especially with the transaction cost.

And especially for someone who lives in the Banana Republic of Oz rather than the other soon to be failed states, US, UK, EURO etc. I cannot be super bullish GOLD while thinking the AUD is still in a long term uptrend. To me one and the same trend.

 

[explod]

Logique

Re: The Five Commandments of Aussie Stock Forums

Not for one minute saying or implying that it's trolling, but must admit, it's a tough crowd in the gold price thread, very contentious in there.

Thought I would drag this over to where it is more relevant and thanks Logique.

It is very contentious as a strengthening gold price is a signal that something is wrong in the system. The Governments and bankers do not like that and you can be sure they have input on the forums.

Good points Sinner.

In addition gold is a store of wealth in uncertain times. Not to make money per se but to protect a capital base. One of the things for example holding up quality property prices in my area is for the same reason.

Now watch the hairs raise up when I repeat "cash is trash" in the current q/e age.