Australian (ASX) Stock Market Forum

Gold Price - Where is it heading?

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There has been some really great action in the depth these past few days...I've really enjoyed the practice. More fun than the Dax.

CL was a bit sleepy this arvo though.

CanOz
 
Trembling Hand said:
Is that like hearing but not listening?
Click to expand...

Well u sit at the computer and trade it and have to hand it to you, know much more than I do according to what one reads here. Used to know about waves and cylces and Ghann charts once.

I got out of trading, to be honest due to its very sedentry nature. Was lucky enough to start buying physical metal from 2004 and to hold and add.

Had a great walk in the bush tonight around the Inglewood racecourse and we have the first local footy social tomorrow night too, 7pm for anyone nearby. Still not sure if this is the spot yet, maybe Nattiyallock where my Great Grandfather and his Brothers arrived in 1860. Met Joan and her dog Woofa tonight outside my hut who suggested I join her at the elderly cits next week, like me, well past her useby, but in my humble view all still lookin good this end. :)

So I am very sorry to be so un:cool:, but get off your bl..dy high horse before life runs out and you miss watching the ants get away from the wagtails, checking rocks for gold and sh.. stirring.:)
 
Uncle Festivus said:
It's important to know where the entry is, but it's more important to know where the exit is?

For those in Sydney the SMH ran a story here.

View attachment 51842

That Q at ABC Bullion takes about an hour to get through. I was after 10oz bars but they only had 1oz left. Totally overwhelming for all involved, totally unprofessional organisation by the vendors.

An ABC Radio journo (an attractive lady :D) was hanging around for interviews.

When there is a genuine bull bust there's just no way of dumping physical, so keep nimble..........:eek:

Others - http://bullionmoney.com.au/

As for the gold dump over the last 2 weeks, all it has succeded in doing was to sterilise even more paper money into non productive, non velocity, inertness which will need even more QE to counter?

A little inflation in Japan though - http://www.bloomberg.com/news/2013-...boost-burger-price-first-time-since-2008.html
Click to expand...

Yep must be over for gold, the sheep are lining up and its in the news. :cool:
 
lusk said:
Yep must be over for gold, the sheep are lining up and its in the news. :cool:
Click to expand...

Yeh, good point, as the financial gurus drown in their own propaganda.

The sheep at nearly .05% apparently. Give me a bell when it gets to 5% and the taxi driver whispers.:2twocents
 
nulla nulla said:
No, they can't be "deflated" it wasn't a bubble. :D
Click to expand...

I dunno, every dog and his man was waving around back then, Prechter must have been laughing! For all that I only know one guy who can really use EW well in real time.... it's voodoo I tell ya! voodoo!
 
lusk said:
Yep must be over for gold, the sheep are lining up and its in the news. :cool:
Click to expand...

On a price spike you'd be right, the thing is that we get this sort of thing around major lows as well, its been a pretty good indication in the past. ;)
 
Trembling Hand said:
Is that like hearing but not listening?
Click to expand...

It's like contributing but not appreciating?

Not that you are alone, but it seems that there is a lot more agressiveness towards each other these days both in here and general society. Probably got something to do with knowing whats going to happen but not knowing what to do when it does - the global recession that is?

We can only enlighten you so much - the rest is up to you :D;)
 
Mr Z said:
Why don't you tell me?
Click to expand...

If you guys need to justify the smack down in gold after looking at this chart as manipulation there aint anything I can say to help you. I was going to post a long rebuttal of that crap blog post someone linked to with their "proof" of bots taking out Gold longs but it would of been a waste of time. We all know Gold only breaks support and takes out the weak leveraged dreamers because of the evil manipulators who run the world.......... :rolleyes: Its never just natural price action that happens in other markets... :1zhelp:

Gold_fut_chart.png


Anyone else who is interested in trading. Have a look at the set up and see what happens with all markest after the china GDP data on Monday. Then its very easy to see why PM's took it in the neck and equities quickly rebound.
 
Trembling Hand said:
If you guys need to justify the smack down in gold after looking at this chart as manipulation there aint anything I can say to help you. I was going to post a long rebuttal of that crap blog post someone linked to with their "proof" of bots taking out Gold longs but it would of been a waste of time. We all know Gold only breaks support and takes out the weak leveraged dreamers because of the evil manipulators who run the world.......... :rolleyes: Its never just natural price action that happens in other markets... :1zhelp:

Then its very easy to see why PM's took it in the neck and equities quickly rebound.
Click to expand...

It is meaningless. The chart reflects the paper trade which is now almost devoid of any connection with what you need to pay to take delivery in the hand of an ounce bar of gold.

And strange LOL, tonight only one bar available:

http://www.ebay.com.au/sch/i.html?_...m570.l1313&_nkw=one+ounce+gold+bars+&_sacat=0

And those buying physical do it with a long term investment outlook. The bigger chart:

http://www.the-privateer.com/g-bottom/gold98-l.html

Courtesy "The Privateer" newsletter
 

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