Gold Bullish or Bearish

[pro4Xtrader 10]

this is how i see it

[gavind 11]

Great! I think I have the same or close to that too.

[bobcollett 10]

this is how i see it

 

Hi pro4x

At what price do you BUY, and where is your STOP?

kind regards

bobc

[pro4Xtrader 10]

I didn't go for the trade, its a bit too long for me but If I would, the stop loss should have been just below the low at 1130.

[SunTrader 10]

In the midst of another ABC correction to the overall downtrend.

 

Targets for wave 3 and wave 5 of wave C, Possible retracements for wave 4:

[zdo 20]

more ... don’t read if you want to stay ignorant...

The New Deal built the New World Order

and btw wtf does this have to do with a gold thread?

 

more... 53 ADMITTED False Flag Attacks Washington's Blog

more... ?Cash Is Coined Freedom?: War on Cash Becomes Official in Germany, Reaches G-7, Draws Withering Fire | Wolf Street

 

we now return you to your regularly scheduled programming of 'price action' driving gold much lower please and thank you...

[markjacks 10]

Looks like gold has shown a lot of promise recently. Might be a good one to invest some here too.

[bobcollett 10]

Looks like gold has shown a lot of promise recently. Might be a good one to invest some here too.

 

Hi markjacks,

Why do you think it will be a good investment.?

regards

bobc

[pro4Xtrader 10]

Well at least technically it looks very good investment over the next 3 years. We'll see

[SunTrader 10]

Well at least technically it looks very good investment over the next 3 years. We'll see

Now I have to ask - WHY do you say that?

[sharabela 10]

Considering the daily chart of gold, it seems Gold is at very critical point where it needs to make a break to go for either towards north or south. However, it shows more potential to go towards north as far as my calculation is concerned.

[SunTrader 10]

I guess your "calculation" doesn't look at the fact price is only $17 higher than where it opened the year - 5 months ago !!!!!!!!!!!!!!

 

And also closed near the lows for the week.

[SunTrader 10]

Sure hope nobody acted on all that "good" investment advice thrown around lately.

 

Oh wait I forgot it is going lower which means sale prices ding, ding. ding - making it an even better investment choice. Well unless it doesn't stop going lower ... and lower. About the point investors sell it will stop. And a bottom is found.

 

Happens every time.

[MightyMouse 12]

Shouldn't play in a commodities market unless one has a fundamental understanding of all the factors that impact supply and demand.

[zdo 20]

...been vacationing/gone almost six weeks, still it is extremely easy to catch up with this thread.

 

 

 

... Might be a good one to invest some here too....

Well at least technically it looks very good investment over the next 3 years. We'll see

That word “invest”. They keep throwing the word.

Do we have a whole generation ‘coming up’ that does not have a clue what ‘investing’ actually is? ... Symptomatic of deeper, more profound cyclical ‘financial’ dysfunction?

 

................................................

 

Looks like gold has shown a lot of promise recently. Might be a good one to invest some here too.

 

Hi markjacks,

Why do you think it will be a good investment.?

regards

bobc

 

...

 

Well at least technically it looks very good investment over the next 3 years. We'll see

 

Now I have to ask - WHY do you say that?

 

:crap:

 

bobsee and sunnyd, Even you two bozo’s deserve * better answers than you got...

 

 

................................................................................

 

... seems Gold is at very critical point where it needs to make a break to go for either towards north or south...

Be aware, gold has been “at very critical point where it needs to make a break” before ... and could again stay there for 10 years or more :spam: just sayin...

 

 

 

 

 

* http://www.traderslaboratory.com/forums/market-analysis/12054-gold-bullish-bearish-196.html#post196687

[SunTrader 10]

Meanwhile good old Silver broke to lows not seen since 2010 or before the great bull market!!!!!!!!!!!!!!!!!!!!!! Gasp!

 

I've been saying for a while that Silver has been leading Gold.

 

But maybe I might the attention of those "investors" by saying it has been the Euro contagion and slowing, slowing Chinese economy leading Silver demand down, down, down. As well as the price thereof and price of Gold and ... oh fughtebouit.

[bobcollett 10]

Meanwhile good old Silver broke to lows not seen since 2010 or before the great bull market!!!!!!!!!!!!!!!!!!!!!! Gasp!

 

I've been saying for a while that Silver has been leading Gold.

 

But maybe I might the attention of those "investors" by saying it has been the Euro contagion and slowing, slowing Chinese economy leading Silver demand down, down, down. As well as the price thereof and price of Gold and ... oh fughtebouit.

 

SunTrader makes an interesting comment..... the slowing Chinese economy.:missy:

Could this be a possible reason for Golds weakness?:roll eyes:

I have always looked at the $ / Gold negative correlation

And Gold / Interest rates.

And Gold / Oil

Forget about the store of value.

Now China.??? China has been very strong while Gold has been falling for 2 years

All comments welcome

bobc

[SunTrader 10]

SunTrader makes an interesting comment..... the slowing Chinese economy.:missy:

Could this be a possible reason for Golds weakness?:roll eyes:

I have always looked at the $ / Gold negative correlation

And Gold / Interest rates.

And Gold / Oil

Forget about the store of value.

Now China.??? China has been very strong while Gold has been falling for 2 years

All comments welcome

bobc

China is bearish for both Gold and Silver.

 

Look at their stock market bubble imploding (SSE down another 6% today). Margin calls in equities could get them selling some of their gold to raise funds.

 

But mainly slowing economy there means less need for Silver. And as I have say repeatedly industrial need for Silver drives the price ... as well very often the price of Gold.

[SunTrader 10]

A way to see the Gold / Silver interplay is with a ratio chart.

 

In the past, over the long term, as the ratio goes higher, Gold goes lower (although it is not quite directly apparent over the short term):

[SunTrader 10]

Today I am a bit like Inspector Columbo - ahhh just one last thing much earlier today in Shanghai Gold traded down -2.04%

[zdo 20]

for snicks ...

 

Yen vs Gold - The Extreme Trade

 

"When debtors go broke, so do mercantilist exporters"

[zdo 20]

The dollar is more and more precious to billions and billions of people.

To you ?

 

...

just a thought or two...

All those new paper shorts do have to cover sooner or later...

All it takes is a swan (of any color) for PM's to 'bounce' ... and the tiniest bounce would force almost all those newest paper shorts to cover immediately... (rather than meet m calls...)

 

After that, of course, PM's could resume their deflationary work... :missy:

[bobcollett 10]

Sell the rallies

Bobc

[SunTrader 10]

The dollar is more and more precious to billions and billions of people.

To you ?

 

...

just a thought or two...

All those new paper shorts do have to cover sooner or later...

All it takes is a swan (of any color) for PM's to 'bounce' ... and the tiniest bounce would force almost all those newest paper shorts to cover immediately... (rather than meet m calls...)

 

After that, of course, PM's could resume their deflationary work... :missy:

Except open interest dropped a pretty good chunk yesterday - and I believe as well today, but won't know for sure till tomorrow.

[SunTrader 10]

Sell the rallies

Bobc

Again and again ... till wave 4 ends. Then look out momma.