Gold Price - Where is it heading?

[Uncle Festivus]

Big moves for everything coming up.

Oil down from $100 to $25. Fiat extinction event #1.....

Iron ore up 20%??? Pure specs, no hard orders. Fiat extinction event #2.....

 

[Uncle Festivus]

Super Mario's NIRP bazooka.

Is that the sound of Euro's being converted to gold.........

 

[notting]

It was very clever.
What he did was fire off a big shot and then walk away saying that's it no more.
What that does is stop speculation and lower expectations stupid expectations for more after he just fired off a big one.
Spoilt children piss off, so to speak.
It also means that if he came back and did more it would really smash things in the direction he wants, if required.

 

[Uncle Festivus]

Dunno about Drahgi, these clowns have a habit of saying one thing and then doing the exact opposite eg Kuroda with his NIRP comments.

As for gold, this little trip has ended, next target $1170 or so by April, see how far the spec unwind will sell off? The commercials were right, again.

 

[newanimal]

Having just entered a gold miner co. on what appeared to be good technical green light, then watch the sudden sell-off due to POG price smashing, I wanted to know more regarding price manipulation and found this article enlightening. Dated 2013 but no doubt same game. yes... no?? offhttp://www.silverseek.com/commentary/price-smash-%E2%80%93-who-what-how-and-why-10991

 

[newanimal]

http://www.silverseek.com/commentary/price-smash-–-who-what-how-and-why-10991

hmmmm, can't seem to correctly post the link

 

[explod]

Having just entered a gold miner co. on what appeared to be good technical green light, then watch the sudden sell-off due to POG price smashing, I wanted to know more regarding price manipulation and found this article enlightening. Dated 2013 but no doubt same game. yes... no?? offhttp://www.silverseek.com/commentary/price-smash-%E2%80%93-who-what-how-and-why-10991

I'd hang in there. The paper to physical gold ratio has hit a point of late that cannot last much longer. However one must not underestimate the paper money printers.

A good site on the subject is (GATA) Gold Anti Trust Action committee. Kingworld News also but with vested interests can be a bit over the top. But in all they provide some ballance over Main Street Media bankster views.

 

[Uncle Festivus]

Bizarre melt up.

Bankers will burn in hell.

Anglo/American V Russia/China gold.

The End.

Good Luck.

Good Bye.

 

[Junior]

Bizarre melt up.

Bankers will burn in hell.

Anglo/American V Russia/China gold.

The End.

Good Luck.

Good Bye.

Nice run-up in Silver this month. Anyone following this market closely and willing to post up some analysis?

Best way to get exposure via ASX? ETPMAG?

 

[qldfrog]

Nice run-up in Silver this month. Anyone following this market closely and willing to post up some analysis?

Best way to get exposure via ASX? ETPMAG?

ETPMAG is my instrument and nice profit yesterday,I sold as i felt it will not carry on that strong much further; usually silver does not stay as stable/increase with market going down and may is soon here so my decision...
i gave up using silver miners and only use ETPMAG lately

 

[notting]

Given every one seems to be now buying the Asia is OK story and things are stabilizing Gold has to be the short of the moment

 

[MacDizzle]

Here's a good article on the traditional correlation to the price of commodities in general. Perhaps good for keeping a balanced perspective outside of prices going to the moon and end of the world predictions

https://www.weforum.org/agenda/2016...al&utm_source=twitter.com&utm_campaign=buffer

 

[CanOz]

Given every one seems to be now buying the Asia is OK story and things are stabilizing Gold has to be the short of the moment

Gold and other precious metals are more at the mercy of the dollar at the moment I reckon

 

[notting]

Gold and other precious metals are more at the mercy of the dollar at the moment I reckon

Yeah for sure. If the US$ starts to appreciate look out.
However on the positive side, Buffet has always said gold is about as valuable as a yellow rock. But the other night he said if borrowing rates go negative and it costs money to keep it in the bank, then keep it under the mattress!
That is martian speak for, "Fricken buy gold." There are no signs of central banks pecking at things with hooked beaks yet!! That's for sure.
All eyes on Japan and the US$
Remembering also to watch what China does with the Yuan as soon as the US$ starts to appreciate. China has enjoyed the ride down on the US$ but they will not be so co operative on the way up, I assure you!

 

[CanOz]

Yeah for sure. If the US$ starts to appreciate look out.
However on the positive side, Buffet has always said gold is about as valuable as a yellow rock. But the other night he said if borrowing rates go negative and it costs money to keep it in the bank, then keep it under the mattress!
That is martian speak for, "Fricken buy gold." There are no signs of central banks pecking at things with hooked beaks yet!! That's for sure.
All eyes on Japan and the US$
Remembering also to watch what China does with the Yuan as soon as the US$ starts to appreciate. China has enjoyed the ride down on the US$ but they will not be so co operative on the way up, I assure you!

China is going to start a gold exchange apparently, so there maybe a daily fix. If this occurs and its subject to the usual over exuberance, there maybe some arb opps....

 

[daytradeprofit]

from the technical side on the gold rate price :If we will look on the charts we can see support at 1224-1232+_, gold rate should keep above those level to confirm more upside, fall through could take it to the next support level of 1180-1190 . Gold rate also is expected to find its first resistance at 1262, and a rise through could take it to the next resistance level of 1286-1298, For my opinion we probably see the gold rate at least 1224-1232 area for test, if not low level such as 1180-1190
From quick look on the COT table we can see: swap dealer Short positions increased while Managed Money long positions increased so we need to see who has the upper hand or who will break first, on the last round that occurs (same behaving COT position) we saw the Managed Money loose, well let's see what will be the result this time, my bet is on lower side – see more deeps in the gold rate, the positive view for the gold rate is that gold open interest rose to more than 500,000K contracts – we didn’t saw such amount of that since 2011

 

[Porper]

The rejection from 1300 has dented the bulls confidence but looking at the Gold sub sector (XGD) there isn't too much to worry about, albeit lower prices are expected.

Two charts; the first is the daily which shows that the recent high should complete wave-3 meaning a rotation down to the target area is feasible. If the wave-3 high is taken out immediately then I am wrong and something much more bullish is taking place.

The second chart is the weekly which shows the strong break out of the Basing Pattern. The upper target should be attained as a minimum but let's see if short term weakness takes us lower first.

 

[Wysiwyg]

Gold Australia equivalent is $1733. Fairly attractive.

 

[Wysiwyg]

Looks like 1300 USD has some IED's on it. Turned back at 1307 back in Jan. 2015 and 1303 in Jan. 2016. My bias a break above 1300.

 

[Telamelo]

Looks like 1300 USD has some IED's on it. Turned back at 1307 back in Jan. 2015 and 1303 in Jan. 2016. My bias a break above 1300.

http://www.commoditytrademantra.com...most-important-to-confirm-a-gold-bull-market/