CanOz
Home runs feel good, but base hits pay bills!
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Gold Price - Where is it heading?
- Thread starter guycharles
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298.50 Yuan = ~ $48 USD
~ 31 grams in 1 troy oz.
31 * 48 = $1488 USD
?
I tin U have phat phingers!
They SLASHED from ~ $1564....
So it is not what you call a fire sale given spot.
PS> Option OI @ 1250 odd is blowing out. Target #1 IMO.
CanOz
Home runs feel good, but base hits pay bills!
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298.50 Yuan = ~ $48 USD
~ 31 grams in 1 troy oz.
31 * 48 = $1488 USD
?
Ah, my mistake. I used oz., not Troy oz.
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CanOz
Home runs feel good, but base hits pay bills!
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You should be an eBay seller!
Yeah, clearly not a gold bug!
Better stick to charts...will post the TPOs later with this weeks possibilities...
CanOz
Hmmmmmm...
I am wondering about the US gold carry trade and if it is properly broken now... and if so just how broken, how much gold has actually been leased out. {insert Fort Knox conspiracy here}
Jim Sinclair's recent calls would lead you to believe that the large bullion banks are basically history here IF it is left to natural market forces.
That would suggest it is a large amount of gold that needs to be recovered, IMO it likely cannot be recovered, at least not at anywhere near these prices.
I am wondering about the US gold carry trade and if it is properly broken now... and if so just how broken, how much gold has actually been leased out. {insert Fort Knox conspiracy here}
Jim Sinclair's recent calls would lead you to believe that the large bullion banks are basically history here IF it is left to natural market forces.
That would suggest it is a large amount of gold that needs to be recovered, IMO it likely cannot be recovered, at least not at anywhere near these prices.
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Looks like gold retesting highs again.
Interesting to see overnight gold went down (from aus session) but the gold miners are doing well.
Interesting to see overnight gold went down (from aus session) but the gold miners are doing well.
CanOz
Home runs feel good, but base hits pay bills!
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Hmmm, appears that we've accepted value between 1413 and 1391 easily....
Watch for that GAP, if it finds initiative buyers there it could rush through as stops are taken out. I saw CL make a stunning run through one of these GAPs two weeks ago...it failed the first time though.
Nice little triangle at the moment with the Prior HOD as the target...
CanOz
Watch for that GAP, if it finds initiative buyers there it could rush through as stops are taken out. I saw CL make a stunning run through one of these GAPs two weeks ago...it failed the first time though.
Nice little triangle at the moment with the Prior HOD as the target...
CanOz
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More no bulls hit.....
The recent price gyration is manufactured to benefit big speculators at the expense of gold buyers in emerging economies.
Physical gold demand is from emerging economies, but the financial market resides in New York and London; it is a heavily manipulated market. Retail investors must be on guard for manufactured panic-euphoria cycles to fleece them.
http://www.marketwatch.com/story/after-the-flash-crash-in-gold-andy-xie-2013-04-22?dist=tcountdown
The same sort of structural second-guessing is evident in the gold market here – a good example of what forced liquidation looks like, as my impression is that leveraged longs have been forced into a fire-sale in recent weeks, creating good values for longer-term investors, but with continued near-term risks - John Hussman
The recent price gyration is manufactured to benefit big speculators at the expense of gold buyers in emerging economies.
Physical gold demand is from emerging economies, but the financial market resides in New York and London; it is a heavily manipulated market. Retail investors must be on guard for manufactured panic-euphoria cycles to fleece them.
http://www.marketwatch.com/story/after-the-flash-crash-in-gold-andy-xie-2013-04-22?dist=tcountdown
The same sort of structural second-guessing is evident in the gold market here – a good example of what forced liquidation looks like, as my impression is that leveraged longs have been forced into a fire-sale in recent weeks, creating good values for longer-term investors, but with continued near-term risks - John Hussman
CanOz
Home runs feel good, but base hits pay bills!
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Video from the link Mr Z poster earlier.
http://www.youtube.com/watch?v=wzzoBVK3fyE
It is a presentation by Grant Williams who is a portfolio advisor at a hedge fund. He explain the current situation in world finance quite well and talks about fractional reserve gold. A good listen even if your not inclined to believe his predictions.
http://www.youtube.com/watch?v=wzzoBVK3fyE
It is a presentation by Grant Williams who is a portfolio advisor at a hedge fund. He explain the current situation in world finance quite well and talks about fractional reserve gold. A good listen even if your not inclined to believe his predictions.
Trembling Hand
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This will please you,
U.S. Mint Runs Out of Smallest American Eagle Gold Coin
Small punters cannot get enough hey.........
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I think Goldman Sachs called the bottom on gold for the time being too didn't they?
What do you call small?
We are not just talking one and two coin buyers here, some reasonable dollars are being spent.
Please me? Not really, I have been doing this for so long that it just is what it is!
Are you prepared for a USD melt up? DOW to strong new highs? All while gold is strong....?! IMO this is not going to play the way MOST people think.
Trembling Hand
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Well I'm pretty sure Soros isn't hoarding the most costly flecks of gold bits. we are talking about many small time punters buying what they can.
I'll be ok.
We are talking about 400 oz London Good Delivery Bars as well, seriously look beyond your nose, physical gold is moving fast in all sizes.
I should think so, for a while you should be spoiled for choice.
Interesting "back foot" defensive reply though, makes me wonder if you read what I said or glanced over it with a predetermined mindset.
Someone buys a tonne or 10,000 people by 100 grams each, it all adds up ...
TH's view appears to be that small money is dumb money therefore it is wrong, end of story, look no further. Thing is the history of these physical rushes involves both highs and lows, now there is no way you can call this a high eh? So even with looking no further history this history would lead you to believe that this is near a significant low.
http://www.mauldineconomics.com/landing/find-real-in-a-world-of-fake-v2
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