Gold Price - Where is it heading?

[CanOz]

According to Bix Weir (The Road to Roota) the paper price is just about meaningless.

In my mail box today:-



We will see.

I expect to see this reality manifest in ELECTRONIC PRICE VOLATILITY (up and down) over the next two weeks as the Bad Guys struggle to regain their control of both gold and silver.

Good call Einstein....ya reckon there would be some volatility after price staying in a range for half a dozen sessions???? YA RECKON????????

 

[explod]

Bix is bat poop crazy.

Gold is close to another semi religious experience by my estimation.

Hopefully that is wrong...

BUT?!

That is my point, the word we are using as gold, has no meaning. What is the content/meaning of the word gold that you are referring to Z?

And in this current world Bix is as good as anyone, but his take is of interest in my view.

PGIF

 

[CanOz]

Welcome back Volatility!

 

[Mr Z]

What is the content/meaning of the word gold that you are referring to Z?

Gold is gold, if the paper gets hammered Perth Mint will sell you gold cheaper. IMO with the USDX looking the way it is gold is in for another hammering. < 1250 by 28/5 is my call, but lets see! After that I think we are probably done.

 

[Joules MM1]

lol, you and your photos for all occasions, your like f'in Hallmark

you know, for a moderator that's really poor form.....

the your needs an e on the end of it .....

alright mate.....get yer f'kin act together

 

[Joules MM1]

if the name of this thread was dilithium crystals, the posts would remain the same

(as said by trader led zeppelin)

 

[CanOz]

you know, for a moderator that's really poor form.....

the your needs an e on the end of it .....

alright mate.....get yer f'kin act together

While apprecaite your humor, you'RE actually wrong....when you say you and your...your is correct yeah?


I thought you're was an abbreviated "you are"....

Can'RE

 

[FlyingFox]

you know, for a moderator that's really poor form.....

the your needs an e on the end of it .....

alright mate.....get yer f'kin act together

EPIC FAIL!

http://www.elearnenglishlanguage.com/difficulties/youryoure.html

 

[chops_a_must]

Gold!

 

[Joules MM1]

While apprecaite your humor, you'RE actually wrong....when you say you and your...your is correct yeah?


I thought you're was an abbreviated "you are"....

Can'RE

and....and......one of those apostrophe things

your giving me the shids....give youre self an uppercut

 

[Joules MM1]

your like f'in Hallmark

you're a dooffuss .......read your own work

 

[CanOz]

you're a dooffuss .......read your own work

ahhh yup....got me !

 

[Joules MM1]

lulz

and the rest of the gang can go back to watching game of thrones or any other over-acted, under-annunciated television

(note the lack of caps)

 

[Uncle Festivus]

Currency wars

Japan 1
US 0

Starting to get interesting. Talk of QE exit strategies - NFL.

AUD/USD portends looming inflation worry for RBA soon - getting what it wished for?

Another take-down for POG but nice recovery overnight - one more TD to go to clean out the stragglers?

Equities bubbled over......& out.

 

[noirua]

Gold price falls to $1,420/oz: Dubai sees massive surge in bullion demand - Emirates 24/7
http://www.emirates247.com/markets/...e-surge-in-bullion-demand-2013-05-12-1.506109

 

[explod]

How long is the paper b/s going to last from here?

http://www.thestreet.com/story/11899536/1/paper-gold-holders-flee-to-real-metal.html


Could be an interesting week for you traders and how for those in ETF's?

 

[explod]

The price of bullion is not set in the physical market where individuals take delivery of bullion purchases. It is set in the paper futures market where short selling can drive down the price even if the demand for physical possession is rising. The paper gold market is also the market in which people speculate and leverage their positions, place stop-loss orders, and are subject to margin calls.

http://www.opednews.com/articles/1/Gangster-State-America-by-Paul-Craig-Roberts-130513-664.html

Well worth the read in full, particularly for those believing in the security of ETF's.

 

[Ann]

...and just for fun a swing trade calculation for the POG on a weekly chart as it falls out of a Decending Triangle. It may not get within a bull/bear's roar of the target price but let's see!

 

[Ann]

....and just for fun will the POG chart form a Big M chart pattern?

 

[explod]

The low of US$1419 overnight slightly higher than the low Friday night. Is this the turn. Perhaps the following could be the big clue to the drop in price over the last month or two. Getting off the hook Hey!U.S. Banks
'
"Net Shorts Fall to Lowest Since Summer, 2008"


http://www.gotgoldreport.com/2013/05/us-banks-buy-gold-futures-in-dramatic-position-change.html