Gold Bullish or Bearish

[SunTrader 10]

When it comes to trading there is no such thing as "will".

 

And especially when the majority believe it to be the case and it doesn't happen.

 

Then the conspiracy theories abound.

[jimbo320 10]

The stratosphere is the limit?

Yes. As long as the idiots are in debt the only way out is the inflate the debt away and print paper money. Just use a 10$ note instead of a 1$ note. So gold at 15,000 is entirely conceivable.

[jimbo320 10]

 

Then the conspiracy theories abound.

 

Conspiracists can print money, but they cant print gold, so it can't be manipulated long term. As long as inflation is the idiots primary economic tool manipulation tool.

[SunTrader 10]

Conspiracists can print money, but they cant print gold, so it can't be manipulated long term. As long as inflation is the idiots primary economic tool manipulation tool.

Gold going higher = no conspiracies

 

Gold going lower = many conspiracies.

 

:doh:

 

Few more months and it will be a year after alltime high. All the while the financial world has been falling apart. Not suppose to happen .... but it did.

[jimbo320 10]

Of course with gold at 15,000 your condo would also move from 150 thou to 1,500 mill ..

The 100 trill debts wouldnt look like so much $$ either ..

[Obsidian 10]

Guess Bernanke's testimony disappointed someone big time

[jimbo320 10]

Weak shorts/short term manipulators selling the futures. Strong longs buy the metal on dips.

[SunTrader 10]

Weak shorts/short term manipulators selling the futures. Strong longs buy the metal on dips.

Uhh, think you got that backwards.

 

Which was has Gold been going and continues to go, overall, since it hit alltime highs last Sept.

[jimbo320 10]

Big bull flag. Buy the physical on dips for when the printing presses start rolling in Europe, then the USA.

[Obsidian 10]

Greek election and FOMC may do some trick.

[Obsidian 10]

bulls and bears are hammering each other...

till it makes a close above 1627, selling might be a better idea...

[Obsidian 10]

need something to move the market...for the bulls, only fomc left...

[jimbo320 10]

Bull flag about to break. Measured move would be ooohh, 2500.

[Obsidian 10]

struggling to break 1634 is not a good sign...I do not see any direction (on the daily chart)

interesting day though...eur is up, gold is down...its fate is in fomc's hands

[SunTrader 10]

No surprise to me. Been watching this level ($1630) for weeks.

[jimbo320 10]

Been buying since 550. Last buy was at 1530. I buy on weakness. If it drops 100$ I'll buy more! Happy days.

[Obsidian 10]

now both daily and 4h are bearish....

[Obsidian 10]

weekly-daily-4h charts are all bearish and will remain that way at least until a close above 1632...

[Obsidian 10]

weekly, daily and 4H charts have been bearish, finally we are going back to test this critical line...

 

gold daily chart:

[SunTrader 10]

I guess bulls are happy that they can buy at lower prices.

 

But they shouldn't use up too much of their cash and/or margin because much lower prices are becoming more and more likely.

 

No catch a falling knife for me. I'm waiting for an actual turn in the trend to signal time to buy.

[bobcollett 10]

Been buying since 550. Last buy was at 1530. I buy on weakness. If it drops 100$ I'll buy more! Happy days.

 

Hi jimbo

This is not criticism

I would call the above averaging down / adding to a losing position.

So at what point do you stop buying?

regards

bobc

PS I am bearish on all commodities because of the slowdown in China.

[Obsidian 10]

Monday close will be the key for this week I guess...Price is in the clouds on both 4H and Daily charts. To put it shortly, if the bulls don't want to lose control, they have push gold above 1593, else it is going back to 1563

[jimbo320 10]

Hi jimbo

This is not criticism

I would call the above averaging down / adding to a losing position.

So at what point do you stop buying?

regards

bobc

PS I am bearish on all commodities because of the slowdown in China.

 

Ill stop buying when they stop printing money. I'll continue to buy on weakness. This is a long term position, not a trade. Rather have gold than worthless dollars.

Maybe 2020 they will turn off the printing presses.

[Obsidian 10]

the fight between the bulls and bears continues on the daily and 4h charts...

[bobcollett 10]

Ill stop buying when they stop printing money. I'll continue to buy on weakness. This is a long term position, not a trade. Rather have gold than worthless dollars.

Maybe 2020 they will turn off the printing presses.

 

Hi jimbo

I think I worded my question badly. As usual.

What I meant was if the price falls to 1530 , you buy

Then it falls to 1490, you buy.

Then it falls to 1460, you buy.

At what point do you stop buying?

regards

bobc