Gold Price - Where is it heading?

[Uncle Festivus]

Yes its always manipulation.

Well I guess that just proves that all markets are manipulated

 

[tech/a]

Short?

 

[Starcraftmazter]

Gold always drops and rises on alternating Fed minutes, nothing to see here but a lot of manipulation.

 

[tech/a]

Gold always drops and rises on alternating Fed minutes, nothing to see here but a lot of manipulation.

Oh---

 

[DB008]

Tungsten Filled 1 kilo Gold Bar Discovered in UK

Now this is interesting....

Tungsten Filled 1 kilo Gold Bar Discovered in UK

Tungsten Filled 1 kilo Gold Bar Discovered in UK

In the biggest news we've broke since the JP Morgan whistle-blower stepped forward,
Australian Bullion Dealer ABC Bullion has contacted SD to advise that one of its suppliers has provided them photographic evidence of a tungsten filled 1 kilo gold bar discovered this week. The bar passed a hand-held xrf scan which showed 99.98% pure AU.
The tungsten was only discovered when the bar was physically cut in half.



After numerous reports of 400oz tungsten filled bars being discovered in Hong Kong, this is the first documented and verified report with photographic evidence that has been made public.

http://silverdoctors.blogspot.co.uk/2012/03/tungsten-filled-1-kilo-gold-bar.html

 

[sinner]

Here is that down-channel I was talking about in XAUAUD. Lower channel is just a parallel projection off the upper.

Also, the pivot at 1581 remains a stubborn level. This chart shows all the bars since that price was first printer.

 

[Uncle Festivus]

When has it ever not been a game of some sort? I don't think it will end as such, it will just morph into a different game depending on who comes out of this with the political power or "social license" and what their goals are. Are we going to elect to be beaten into some green socialist quasi communist mold? Are we going to extract big government from is ever increasing roll in what where once private lives? Just what philosophy will drive us where and how misguided will it be? Who will end up in the "White House" and who will end up on the gallows?

Your mission is to survive the best you can whatever the outcome of this massive mess...

IMO 2013 is shaping up to be yet another major trauma... I wonder where that will leave us?

Ain't this fun!

Another chart for my 'peak capitalism' era early 2000's.......even muppets get it......

• The last time income per capita grew more than national debt per capita was 2002.
• Ben Bernanke arrived at the Federal Reserve in 2002.
• The last surplus was in 2001
  

 

[joea]

Short?

http://www.kitco.com/ind/Holmes/20120417.html

joea

 

[aclassic]

http://www.kitco.com/ind/Holmes/20120417.html

joea

Hi, thanks for that, I have read a similar article in the last month but on my watchlist of gold pms I didn't see :

"The Stampede to Buy Undervalued Gold Miners

If you plan on shopping for bargains in the gold miner department, you’re going to have to fight a crowd. Numerous global investors have been pounding the table for gold stocks, including Dr. Marc Faber who said “gold shares have become extremely oversold and could rebound in the next few days” in his April market commentary and Global Portfolio Strategist Don Coxe, who reiterated that gold equities are undervalued compared to the precious metal on his weekly conference call last Friday."

maybe my watchlist is lacking some good prospects?


cheers.

 

[Uncle Festivus]

NCM looks promising?

 

[Trembling Hand]

NCM looks promising?

But Gold not doing much?

 

[aclassic]

Yes NCM and others floundering cause of and with gold is my layman's observation.
I think the above kind of releases into media have elements of truth but they mostly are advertorial - don't sectors of mining industry have PR machines?
Some gold pms announce huge hits in exploration and they are hardly raising an eyebrow.

 

[blue0810]

NCM looks promising?

No this month... so far:

https://www.aussiestockforums.com/competition/

 

[sinner]

But Gold not doing much?

View attachment 46782

I didn't get the comparison between NEM/USD and NCM/AUD...

If you think that's not much check this out, seven weeks with almost no marginal supply or demand.

(barchart.com)

 

[Starcraftmazter]

• The last time income per capita grew more than national debt per capita was 2002.
• Ben Bernanke arrived at the Federal Reserve in 2002.
• The last surplus was in 2001
  

View attachment 46765

That's very interesting. I wonder what it would be adjusted for inflation.

 

[Trembling Hand]

If you think that's not much check this out, seven weeks with almost no marginal supply or demand.)

Yeah similar to the XJO. Going nowhere.

 

[notting]

It's interesting where NCM was (30s) when gold was I dunno 1300 or something. Then it shot up to 40 in anticipation of gold hitting 1600, whilst gold hitting that seemed pretty far out at the time. Then gold overshoots at 1900 somethign and comes down to 1600 which used to seem far out and and NCM is at 28 something!!
Lihir wasn't that bad, was it?
Guess that makes it a relative buy!

 

[Uncle Festivus]

Patience comrades, the tipping point is near?

Some stories about gold and Marc Faber.

Gold could test $1,400 to $1,500 says Marc Faber, aka ‘Dr. Doom’

Gold Bubble? “More People Own Apple Stock Than Gold”

 

[Starcraftmazter]

Gold is down 1.6% on the week. The gold market has seen peculiar, lack lustre, low volume trading this week punctuated with sudden, oddly timed, very large sell orders. This leads to quick price falls followed either by slow, gradual recovery or a sharp bounce, prior to next bout of strangely timed sudden large sell orders.

This was clearly seen by the mysterious and massive $1.24 billion ‘Goldfinger’ trade on Monday.

Obvious the work of the cartel. Just wish I had a million dollars to buy a lot of gold and silver with - not sure if it will ever be this low again in my lifetime

 

[Joules MM1]

Obvious the work of the cartel. Just wish I had a million dollars to buy a lot of gold and silver with - not sure if it will ever be this low again in my lifetime

Gold is down 1.6% on the week. The gold market has seen peculiar, lack lustre, low volume trading this week punctuated with sudden, oddly timed, very large sell orders. This leads to quick price falls followed either by slow, gradual recovery or a sharp bounce, prior to next bout of strangely timed sudden large sell orders.

think about the information you're getting from that post......there's no peculiarity at all, it's just a market in contraction.....all volume being relative, the "low" volume is merely how you interpret how the volume is being used for what extent and to facilitate which set-up....in other words, there is a clear phase being conducted by several traders in toto and in the quiet phases with entirely different outlooks with a dominant group conducting business not necessarily in a nefarious manner theyre simply organised within the confines of the auction....if less want to buy, then that's the clear message, not withstanding that there's no yield in spot/contract gold so weak buyers get in too early and shaken out plus you have those dominant size players who have been keen to 'facilitate' price discovery to a lower level....you can call that manipulation, but, coffee time, it's an auction

i've been watching and trading the low vol phases where you see simple ABC's up-down-up with consistant selling into that strength (for want of better descrip) it's fake strength, against the "near-term" trend not necessarily the weekly/monthly trend.....this mean opportunity to close longs for re-entry lower or if you're holding metal to get short on low leverage

gold is one of those panic-sell markets that few people talk about too, as trend develops traders lose their lunch faster especially in the whip-ups when the oops factor kicks in "i bought gold cheap, oops, too early"

not sure if it will ever be this low again in my lifetime

true, you could see it a lot lower.....ah, cheap comedy

2c