Australian (ASX) Stock Market Forum

Gold Price - Where is it heading?

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Well given that he's actually trying to make a living while responding to this threads myths and legends i reckon he's done well to keep his patience....

TH, please respond politely in clear, polite English.

Hows that?:)
 
So then, the price of gold. Which way do you reckon it's heading? Is the cost of production a likely floor?
 
CanOz said:
Well given that he's actually trying to make a living while responding to this threads myths and legends i reckon he's done well to keep his patience....

TH, please respond politely in clear, polite English.

Hows that?:)
Click to expand...

Excellent CanOz. Good to know that the umpire is fair and objective.
 
Trembling Hand said:
I posted the story due to who was selling. You tried to make something of the volume which I knew was nonsense.
Click to expand...

Not really, just quoting the whole paragraph, and assuming Bloomberg was correct. You'd think they would get their data from a reputable source? :crap: Ill have to send my Bloomberg terminal back if they don't get their act together!;)
 
CanOz said:
Hows that?:)
Click to expand...

Quietly from my dog house, ~ 'I just need TH to type a little more slowly."

Trembling Hand said:
Well I do hate being the resident fact checker on the gold thread but since the gold experts seem to have so much trouble with confirmation bias seems I will have to get my red marker out again.
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Well, I for one am most grateful for your sobriety and efforts.

Thank you.
 
CanOz said:
Well given that he's actually trying to make a living
Hows that?:)
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And how do we really know that?

.......................................................................

And the talk around town (which is prolly b/s on the t/h stick) is that the big boys who were short have now gone long which will drive the price of gold up strongly for some time, till they have made 20 or 30% that way and then go short again to make it go down again for the next 20 or 30%. How they really do that by swapping physical with money on such a large scale in such short time periods beats me, and if one ponders the procedure, how such a way of trading can be ethical, all persopns being equal, beats me.

Yes I know t/h, that's how all markets work. But in my view it is wrong.

Oh, I also remember, "...some people are more equal than others..."

But then of course that author was a commo.
 
explod said:
And how do we really know that?

.......................................................................

And the talk around town (which is prolly b/s on the t/h stick) is that the big boys who were short have now gone long which will drive the price of gold up strongly for some time
Click to expand...

Learn to read the COT report, its public and i chart the data every week, then post the chart here for all to see....

Mind you it is only paper gold...but that what the guys were shorting...err covering actually...;)
 
CanOz said:
Well given that he's actually trying to make a living while responding to this threads myths and legends i reckon he's done well to keep his patience....
Click to expand...

explod said:
And how do we really know that?
Click to expand...

We don't. But if I was in his position I wouldn't waste any time posting rejoinders to ideologues like me whose opinions are not only wrong but unchangeable. I would then have more opportunity to actually 'make' a living instead of just 'trying to make' a living.
.................................................. .....................

explod said:
Oh I also remember, "...some people are more equal than others..."
But then of course that author was a commo.
Click to expand...

I think the author actually wrote , "... some animals are more equal than others...."

There are no animals on this forum.
.................................................................................................................

Back to the gold price. I see the paper price has jumped quite a bit in the last 24 hours - currently US$1364. In oz dollars that's AUD 1488 which is only about 4% below its price in March just before the natural-price-action-induced nose-dive in April. But don't take any notice. The current price increase is only manipulation. It doesn't have anything to do with demand for physical gold.
 
explod said:
And the talk around town (which is prolly b/s on the t/h stick) is that the big boys who were short have now gone long which will drive the price of gold up strongly for some time, till they have made 20 or 30% that way and then go short again to make it go down again for the next 20 or 30%. How they really do that by swapping physical with money on such a large scale in such short time periods beats me, and if one ponders the procedure, how such a way of trading can be ethical, all persopns being equal, beats me.
Click to expand...

Assuming this is true, I've never understood why people take such offence at this. They are filling the orders of the real supply above the market and filling the orders of the real demand under the market. They are also taking risk when they do it and being paid for it accordingly. Isn't this pretty much traders jobs as liquidity providers? Markets exist because the real supply and demand want the liquidity providers to be there, they are prepared to pay for their service.

Also if you know 'they' are going to move it up 20% down 20% etc, why not just trade it?
 
CanOz said:
Mind you it is only paper gold...but that what the guys were shorting...err covering actually...;)
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Thank you, well said.

Paper gold is my exhibit Your Worship. Rest my case.

Only physical for the honest person.
 
Is it possible to turn this discussion back to the actual topic? ie - the Gold Price? I've been monitoring this thread for the last month or two and it's filled with junk. Having little to no experience in technical analysis, I look forward to hearing some people's views with how the market is going... not which person is more bigoted than the other.

http://www.fxstreet.com/news/forex-news/article.aspx?storyid=7e864abe-b6ce-409a-b1f8-cf2a23812573

1,427... is that what we're aiming for next?
 
G Gekko said:
Is it possible to turn this discussion back to the actual topic? ie - the Gold Price? I've been monitoring this thread for the last month or two and it's filled with junk. Having little to no experience in technical analysis, I look forward to hearing some people's views with how the market is going... not which person is more bigoted than the other.

http://www.fxstreet.com/news/forex-news/article.aspx?storyid=7e864abe-b6ce-409a-b1f8-cf2a23812573

1,427... is that what we're aiming for next?
Click to expand...

I understand your point Gorden:), however GOLD is one of the worlds most hotly debated subjects and there are those that believe the market is manipulated and those that believe its not and price is king. Baring that in mind its understandable that this thread will be filled with opinions of the price, as well as of those holding the opinions. We try and keep the insults to a minimum but this is a forum, discussion and opinions are something that we need to live with, encourage even.

Actually i think there are quite a few that enjoy the debate, as long as it stays friendly. I know i do:D
 

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