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Where are the GOLD BUGS?

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MARKETWAVES

Joined
6 May 2005
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TO MODERATOR

I would like to keep this as a seperate thread... please do not put with all the other Gold posts, it is cluttered in there... after 6 0 7 chart posts in one thread... a post after that seems to get buried ...I dont want my posts to be buried in on a thread with all these other posts.
I would prefer to keep separate.... thank you.

GOLD BUGS .....

GOLD .... WHERE IT IS REALLY HEADED?!

--------------------------------------------------------------------------------

LOOK HERE ... LOOK HERE ////

SO MUCH TALK ABOUT GOLD ........ WELL ,THIS POST WILL CONTAIN 2 CHARTS LONGER TERM

HERE IS SOMETHING PROFOUND TO LOOK AT .....

IF YOU HAVE ANY UNDERSTANDING OF FIBONACCI RETRACEMENT LINES THIS CHART WILL MAKE SENSE TO YOU .........

50 % RETRACEMENT REPRESENTS AN EQUILIBRIUM ....

WHAT IS THIS CHART TELLING ME ? IT SIMPLE.........
ALL THE EQUITY MARKETS IN THE WORLD ARE GOING TO HAVE A PROBLEM GOING FORWARD ........
 

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Re: Where are the GOLD BUGS ?

MARKETWAVES said:
i would like to keep this as a seperate thread ,, please do not put with all the other Gold posts, it is cluttered in there...
Click to expand...

Okay, I will allow this as a separate thread.

I like your charts a great deal MW, just try and keep everything on the one topic to a single thread. I'm making an effort to keep things neat and tidy around here.

Trust me, when people are interested, they WILL follow a thread through to the last post. Also, by clicking this button '
' you will immediately be taken to the last post of any thread. You don't have to click through every page to get to the end.



P.S. Just one last request: Could you use some lower case in your posts. All caps is a little disconcerting. Thanks!
 
GOLD & the Elliot Wave ...wave counts ( long term )

Possible wave counts on GOLD ....
 

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Re: Where are the GOLD BUGS ?

Not sure how you can relate the equity market to Gold so directly.

In the modern economy, gold is just a commodity like silver and platinum, subject to supply and demand.
The days when it acted to support currencies ect. have long gone.

The reason there are so few gold bugs is that they have all gone broke or realised that gold has become another precious metal.

I am predicting gold to go up over the long term as the European banks have sold much of their horde and supply should tighten.
 
Re: Where are the GOLD BUGS ?


Perhaps the reason is that they have moved geographic regions also?
The wealth is being redistributed into regions where gold has always been a primary vehicle for saving
 
Re: Where are the GOLD BUGS ?

Knobby22 said:
The days when it acted to support currencies ect. have long gone.
Click to expand...
Historically, fiat (unbacked) currencies have always failed. The US Dollar has lost most of its value already. I think it's a bit early to say that gold is finished in view of history.
 
Re: Where are the GOLD BUGS ?

Nice penant formed on that last chart and subsequently failed to go up giving us the wave 5 down. But in failing, it's given it more strength to turn upwards.

I see this pattern a lot on intraday trading patterns.
 
Joe gave this thread its own life nearly 15 years ago, and @MARKETWAVES then disappeared.


Above is the hourly chart for the past month.
Trend is clearly downwards, although recent weeks have meandered.
I have been a goldbug for over 20 years, and wish I had bought physical back then as gold mining equities are best for trading.
Anyway, as the search function is littered with "gold" threads that I don't want to post in, I just lobbed this one here.
As Joe noted above, when the tide comes in, lots of boats are floated and many jump aboard. Just now the tide is ebbing and flowing a bit erratically, so even though I am optimistic for gold in 2020 it's just what I reckon will happen and has no value outside of that.
 
I am excited about the gold price at the moment. as I am holding EVN, NCM and NST at the moment and looking forward to a SP increase if gold can sustain the run.

Broke $1900 earlier and still look good.

 
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