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Gold Price - Where is it heading?

Tungsten Filled 1 kilo Gold Bar Discovered in UK

Now this is interesting....

Tungsten Filled 1 kilo Gold Bar Discovered in UK

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

 

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
 

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.
 
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.
 
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!
 


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
 
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


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
 
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