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Gold Price - Where is it heading?

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...i think, right in this phase, there's some very good lessons on offer in gold.......in the price action on quiet hours where price lifts and in the faster up-lifts used to for selling into and the obvious heavy selling (we define as trend, i guess!) .......i think the gold market as an education, at least, offers an ardent student a good practice ground

get the whole world-crumbling-new-order-fed-shmed-fiat-shmiat out of your trading view......really, none of that stuff is actually in a pros trading view....not that i'm aware of ......
 
Joules MM1 said:
true, you could see it a lot lower.....ah, cheap comedy
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I wish.

Joules MM1 said:
get the whole world-crumbling-new-order-fed-shmed-fiat-shmiat out of your trading view......really, none of that stuff is actually in a pros trading view....not that i'm aware of ......
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Why? Why trade in a highly manipulated market, where the manipulators can see the entire market depth, and short billions in coercion to drive through stops?
 
Starcraftmazter said:
Why? Why trade in a highly manipulated market, where the manipulators can see the entire market depth, and short billions in coercion to drive through stops?
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i just contradicted myself.....the pros view does include other traders thinking, where youre likely to be convinced to buy or sell, what kind of patterning a chart follower would be convinced to trade on......if gold is so cheap to some then it's also a perfect time to sell into that cheap buying, the cheap buyers provide the opportunity for pro shorters to sell high buy low and for a cheap buyer they are simply assisting that group of pros by buying at the time pros are covering ....a diff tier of money being used, i mean, really, the major money could care less about retail crowd cos its so small and the major money is the trend driver ....so who is the pro trading between those phases?

clearly not all the traffic is designed to take out stops, again, major money has targets which have nothing to do with stops because, stops or not, they know there are levels you'll puke at anyways, most importantly, their liquidity agenda is simply on a diff agenda to what most retailers think it is.....once a herd is rolling it's rolling...giddyup....
 
gold market is just a liquidity facility in the form of an auction for most pros.....maybe not for the banks who recently used facilities to build their physical needs, theyre a different outlook again, they dont care about a cupla hundred $ either side of their needs so why should a retailer......the gold market as a liquidity vehicle for pro traders is merely a fluid map.....that's quite different to calling trade a manipulation.....as a retailer you can only play within the confines of the auction too, same as them......do some pros have good data sets on who is likely to be entering for seasonal/cyclic reasons or portfolio adjustment reasons, yes, but, it's limited game......the auction is still a level playing field and retailers think they should have an equal footing by virtue of simply entering the arena....if i know you'll be buying when i want to sell, i'm going to wait until i think the move is exhausted, youre in, i'm selling....not that my plan is any better, maybe i am limited to small spectrum of price discovery and can work inside that than worry about mythical cartels......

just saying
 
Mr Market: had quite enough of this sideways meandering thanks very much.
 
Starcraftmazter said:
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
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I wouldn't be at all surprised to see it a lot lower soon - anywhere between 1200-1500?

It's just going through one of it's many 'boring' phases after a big run up - these can take a year or so to unwind?

It's still all about relative 'value' between competing currencies - Euro, Yen, Pound, DM, USD or gold.

Have to wait for each to 'devalue' against the USD, and then for the USD to devalue against gold? So wait for the big dip as the USD becomes the repository of safety, then it doesn't.......then we will see some action, but not sure what type of world we will have to live in?

 
Joules MM1 said:
come up with a definition for manipulated
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The Fed leasing it's gold certificates to US investment banks who leverage it up and short billions all at once to slow gold's rise to the top as the one true currency to rule them all.

Pic related, I made it just now

 
Trembling Hand said:
I know whats going on. All the leveraged longs are in pain. Very Messy.
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Well yes, if they were the donkeys that bought at 1900 I guess?

For the rest it's just wait for the dip - again ...... for now it's 'un-loved' mode for those with the trading attention span of a cat.
 
Uncle Festivus said:
Well yes, if they were the donkeys that bought at 1900 I guess?

For the rest it's just wait for the dip - again ...... for now it's 'un-loved' mode for those with the trading attention span of a cat.
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Would think there is a lot to wash out here. Golds probably become too popular, everyone's in and waiting for it to go to $200000000.01
 

Are you trolling or do you actually believe gold is to target $1000. If so, tell us how you came to that conclusion?
 
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