Gold Price - Where is it heading?

[RichKid]

Re: GOLD Where is it heading?

I have an interesting graph of house prices versus gold prices if anyone can tell me how to post it. Basically shows that, relative to gold, houses are at historically high valuations with the rising trend having broken. So gold is now performing better than houses.

Hi Smurf,
I'm happy to help if you need a hand attaching a chart, see this thread for starters:
https://www.aussiestockforums.com/forums/showthread.php?t=1401&highlight=attachments. You can pm me or post in that thread if you need more help.

Also, in terms of expecting gold to skyrocket when stockmarkets fall- Larry Williams argues (via charts) that that's a myth in one of his books (one with a red cover??). The 1987 stockmarket crash didn't result in gold going to the moon. Not sure if fundamental factors (eg market rigging) resulted in it so the dynamics of the market may be different now, who knows?

 

[michael_selway]

Re: GOLD Where is it heading?

You got it right thats the one..looked under www.doomgloom.com but not the one the one you posted is the right one thanks nizar

http://www.gloomboomdoom.com

Hi thanks, do u have the direct link to that Gold Article where he mentions $US3500?

Thanks

MS

 

[Smurf1976]

Re: GOLD Where is it heading?

Let's see if this works with the chart. Gold versus houses. Looks like the trend has changed and now favours gold.

 

[bvbfan]

Re: GOLD Where is it heading?

A few people have mentioned a 2 to 1 ratio for DOW to gold so that projects a price of 6,000 on the DOW to $3,000 for gold
I think that ratio is exaggerated but could handle 10:1 quite easily

No one has ever gone backrupt holding gold, how many people have sat on Reichesmarks and other bogus bits of paper to end up broke?

 

[OK2]

Re: GOLD Where is it heading?

Good day guys,

I have read all the recent threads on Gold and would like opinions on the best entry method or which stocks to look out for. A work mate advised to look at Ballarat Gold! All feedback is welcome.

Cheers

 

[RichKid]

Re: GOLD Where is it heading?

Good day guys,

I have read all the recent threads on Gold and would like opinions on the best entry method or which stocks to look out for. A work mate advised to look at Ballarat Gold! All feedback is welcome.

Cheers

Hi OK2,

Welcome to ASF, glad you've found the gold thread interesting, if you'd like view s (but not advice) on individual stocks or gold stocks do a search for them using the search tool (in toolbar above), there is even a thread on Ballarat Goldfields (https://www.aussiestockforums.com/forums/showthread.php?t=1003&highlight=bgf)

Also read the forum code of conduct and posting guidelines asap- thanks.

 

[MARKETWAVES]

Re: GOLD Where is it heading?

Gold ....................... SINCE 1974 ................

Where is it going ? ....................



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[MARKETWAVES]

Re: GOLD Where is it heading?

ANOTHER LOOK AT GOLD ...........

I believe that there are 2 types of Technical traders ....

One who buys pullbacks ,,,,, basically before a potential break out

and

One who buys after a market appears to have broken out..
-So called momentum traders .... looking to ride the trend ....

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I'm in the first group ..... I'm looking for the dips so to speak , I'm looking for the pullbacks .
( Don’t buy break-outs , Don’t chase the market ) Accept that you are too late .

Anyway ,..........

To see a better explanation...... please go into the section in the forum called Trading Tips and strategies ..... There you will see a premise of how I am interpreting the various markets ..

or cklick here : https://www.aussiestockforums.com/forums/showthread.php?t=1432

It's not all of it , but it is best way ,, that I have found to be able to explain what I see .

It's there for all to see....

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TRADE AT YOUR OWN RISK… The purpose of these charts is to point out significant highs and lows based on Fibonacci Retracement lines and Elliott Waves which are highly subjective .This information is for educational purposes and should not be considered trading recommendations . All trading decisions are your own sole responsibility …

 

[trader]

Re: GOLD Where is it heading?

Gold is going up to $800.00 an oz will hit this by end of this year. It will surpass $600.00 before end of Feb. Chinese are converting dollars to gold.

 

[nizar]

Re: GOLD Where is it heading?

i agree with u trader...

which stocks do u think will benefit most from this?

 

[trader]

Re: GOLD Where is it heading?

Naturally all proper ( once that are actually mining ) gold producers will go up. I think the most money as far as a percentage increase in their share price will come from SBM and DOM and my main pick out of these two is SBM.
I think their next quarter result will be a lot higher than forecast and with gold keeping on going up so will their share price also I can see them paying dividends. BUT then again I also see BSL going back to $9.00 and FLX to $3.00 so please do your own research before investing.

 

[trader]

Re: GOLD Where is it heading?

Gold now over $560.00 , maybe will break $600.00 before end of month.

 

[RichKid]

Re: GOLD Where is it heading?

Nizer & Trader:

I would appreciate it if you would help keep this thread on topic, I have mentioned before that gold stocks can be discussed elsewhere, there are current and old threads on gold stocks. This thread is on gold, it's price trend and market dynamics in relation to those two issues.

Also, if you're going to make predictions about gold please try to add some substance to back it up rather than just giving arbitrary figures as it doesn't add to the quality of the thread. Also for others, it's not worth ramping gold as the market is too big for just one forum to affect it.

Please excuse me if this sounds a bit harsh but we need to be more disciplined in posting, one or two slightly off topic is ok but I'm concerned this'll go off on a tangent. I'm posting this here so others will take notice too.

Please re-read the ASF posting guidelines and code of conduct asap.

Thank you for your cooperaton!

 

[RichKid]

Re: GOLD Where is it heading?

ANOTHER LOOK AT GOLD ...........

I believe that there are 2 types of Technical traders ....

One who buys pullbacks ,,,,, basically before a potential break out

and

One who buys after a market appears to have broken out..
-So called momentum traders .... looking to ride the trend ....

What's your current count on gold MW? I'm guessing the bottoms around 250 (on your chart) are waves 1 & 2 (double bottoms) and the current impulse wave is a wave 3, no real sign of a distinct wave 4 yet. Just getting into EW myself now!

 

[MARKETWAVES]

Re: GOLD Where is it heading?

An Elliott Waves Look At GOLD ...................


Bottom Line :
Looks like we are in a basic rising channel channel formation that we all learned in chartschool 101 ...

Outlook :
Gold has broken out of a serious base of consolidation back in June, July 2005 .....it is over bought ....
( not or me at the moment )

Marketwaves is intersted in Dips and Pulbacks .........

To use the word Breakout is the same as using profanity ......

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Rich , Its good to hear that you are learning Elliott Waves formations .....

Here's something from Mr. Ralph Nelson Elliott


Always remeber it in your Travels ,,,,,,,,,

All markets move in 3's , 5's or 7's , then they correct ...

They are all fractal by nature ..............

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Mr Elliott also did not use any oscillators...
(ex Macd , Stochastics, Bollinger Bands,RSI , etc )

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This is one of the most profound things he said through his unique observations of the markets.... Take some Time to find the writings by Mr. Ralph Nelson Elliott.... He created the Elliott Wave Theory and has published writings ....I tend to read only what he wrote - any other author on the subject is second hand information ...(in my humble oppinion .)


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....... These are not buying signals ...........

Do your own research , Here is my research ........

The charts by Marketwaves are simply Elliott wave-counts that are believed to be what the given market is tracing out . Wave-counts are highly subjective , and definately not 100 % reliable... Wave-counts also vary from one person to another who may be analyzing the given market and also can vary based on the time frames that are being analized .....

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TRADE AT YOUR OWN RISK… The purpose of these charts is to point out significant highs and lows based on Fibonacci Retracement lines and Elliott Waves which are highly subjective . This information is for educational purposes and should not be considered trading recommendations . All trading decisions are your own sole responsibility …

 

[michael_selway]

Re: GOLD Where is it heading?

Hi does anyoen have a price chart of Silver from 1975 till now?

Thanks

 

[clowboy]

Re: GOLD Where is it heading?

there is a chart of silver from 1344-1998 in real dollar terms at this post.

Hope it is of some help

https://www.aussiestockforums.com/forums/showthread.php?t=2088&highlight=silver+chart

 

[michael_selway]

Re: GOLD Where is it heading?

there is a chart of silver from 1344-1998 in real dollar terms at this post.

Hope it is of some help

https://www.aussiestockforums.com/forums/showthread.php?t=2088&highlight=silver+chart

Thx,

actually lookign for nominal terms and includes grpah till now from 1975ish

 

[michael_selway]

Re: GOLD Where is it heading?

hi actually i found it:

Gold 1975-2006



Silver 1984-2006



Platinum 1992-2006

 

[rederob]

Re: GOLD Where is it heading?

Trader
I like your forecasts best.
Ellioticians and gold are a waste of time - a chart shows the bleeding obvious but never "forecasts".
Gold is in a secular bull trend, second phase - so increases will now be around twice the rate of previous 3 years and possibly greater.
Buying the dips to get into gold is a good idea, but nothing beats buying the best performing stock - last year SBM, Dominion and Bolnisi, in that order.
As gold previously breached $850 and the present bull run is significantly stronger, and some 25 years later on, it would be a brave person to suggest $850 would not be achieved again - and soon.
Given that target price is $300 away from the current gold price there seems little point chopping and changing gold companies in the interim. Buy a good producer and enjoy the ride - I personally advocate OXR as the "safest" buy into gold as it is diversified into copper, the "industrial metal".
Then buy Macmin for some silver upside.