Garpal Gumnut
Ross Island Hotel
- Joined
- 2 January 2006
- Posts
- 13,722
- Reactions
- 10,391
Join the club, but we may be wrong.All my indicators are still down for GLD but I feel it will bounce before the end of the week. Maybe the next bounce will be a market turn.
Yes I think that the $AUS-USD is about to bouce but is still in a down trend.My problem is I'm trading POG and AUD/USD together when I trade POG
for India the wedding season is VERY important for gold ( there is a tradition of gold gifts for the brides ) ( to the extent gold is smuggled to fill the needs when the leaders felt the need to ban the import of physical gold )I guess the market is always correct.
A strong USD is the main cause from what I'm hearing and its outshouting inflationary concerns.
When do the yahoos in India and China start their festivals where the POG goes up for belly buttons and belly button rings?
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Are we coming up to wedding season and festival season?for India the wedding season is VERY important for gold ( there is a tradition of gold gifts for the brides ) ( to the extent gold is smuggled to fill the needs when the leaders felt the need to ban the import of physical gold )
Took me a month to get physical ordered 01/04 available....well the US price is obviously manipulated , but what about the underlying demand , is that demand still robust ??
I had 50k on Gold mid last year during that run. It dropped so I made the Rookie mistake of dropping another 50k in. Then it plummetted. The dumping of "paper Gold" apparently.well the US price is obviously manipulated , but what about the underlying demand , is that demand still robust ??
remember 'gold ' is competing with the US Dollars ( and US Treasury Bonds) and guess who intends to borrow huge sums of currency ( requiring the issue of piles of Treasury bonds , close to face value )I had 50k on Gold mid last year during that run. It dropped so I made the Rookie mistake of dropping another 50k in. Then it plummetted. The dumping of "paper Gold" apparently.
Indeed.US Gold price up about $20 thus far @ $1,834 (didn't stay below $1,800 for long as think it briefly nudged $1,792 or thereabouts)
Was hoping to get more TUL myself below 0.55c but seems I've missed outi was hoping for some extra EVN today
but so far the indications look like i will be disappointed
it's early yetWas hoping to get more TUL myself below 0.55c but seems I've missed out
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