Australian (ASX) Stock Market Forum

Gold Price - Where is it heading?

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Trembling Hand said:
That second coming of jesus formation I often see setting up but alas it always fails without any follow through. :p
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Yeah but, at least we know that next time we see a full moon with the sun in uranus, POG will reach at least 1255 (according to the fibber nachos). Credit where credit is due!
 
Those charts previous page just make me cringe with the 10 indicators/mas , screams retail newbie , beyond useless . Less is more people . This guy is selling services , steer clear of that junk ...
 
ScreenShot2390.jpg Gold nice solid run of dec FOMC lows , coincidently FOMC on march 15 is looking a chance to align with the headwinds at wedge extreme 1280ish , possibly pullback here briefly . I am still a gold bull and i expect >1400 during 2017 , time will tell ... HL and HH in 2016 leads me to believe multi year lows are in on gold


ScreenShot2389.jpg
 
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Notably, the price of gold has been on the rise this year as investors turned to safe have due to a swirl of volatility in the market. The ongoing Brexit process, the start of the President Donald Trump era and the current political turmoil in Europe were some of the crucial factors on the rise of the precious metal.

But aside from these existing influences, there is another triumvirate that could be a triple threat for the fate of gold this year. What does 2017 store for the price of gold?
 
ScreenShot2586.jpg Gold relevant to FOMC but swing low not high , break of downtrend should get some nice bullish momentum

ScreenShot2585.jpg

Daily bullcount back in control
 
You blokes are having a laugh right? Is there actually a trading plan in amongst that pile of lines? Looks like a draftsman took some acid after 40 sugar cane champagne tins and threw up on their drawings.

I have an indicator called bulls**tCount. It's off the charts right now.
 
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rb250660 said:
You blokes are having a laugh right? Is there actually a trading plan in amongst that pile of lines? Looks like a draftsman took some acid after 40 sugar cane champagne tins and threw up on their drawings.

I have an indicator called bulls**tCount. It's off the charts right now.
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Good luck to you champ , i realise you dont " understand" it and thats fine . But your attitude well that is a whole different thing . You are exposing your limitations and no-one elses

gold trade stats

ScreenShot2636.jpg
 
It is our opinion that the situation today best mirrors 1973, rather than 2008. 1973 was spurred by overwhelming debt and inflation. It is no secret that the world’s governments will continue printing money to fund growth and to service debt. But like clockwork, eventually something gives. We foresee the debt bubble finally popping, and the coming turmoil exaggerated by the foreign policies of the US Government.

The recession of 1973-1974 saw gold prices gain 134% and gold miners increase 205%. In the next market crash, history is favoring a similar situation and gold will be the safe haven from inflation and uncertainty.

Until then!
 
Gold in the last week has breached the 4/5 year down trend from US$1900.

The dumps of paper contracts indicate that gold will break forth with a vengence any week or two now. They have been huge this last week or so and are becoming almost ineffective in capping the price.

The "when" is about now tech/a. In my humble view of course.
 
I'm liking a longer trade in the gold miners [several months duration]

I would be long GDX with a target of $35 as of today.

jog on
duc
 

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