Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

mohsinqureshii

Gold Bullish or Bearish

Recommended Posts

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... ;)

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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. :roll eyes: 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.

Share this post


Link to post
Share on other sites

...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. vbulletin-smile.gif

 

Hi markjacks,

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

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

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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::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.???:confused: China has been very strong while Gold has been falling for 2 years

All comments welcome

bobc

Share this post


Link to post
Share on other sites
SunTrader makes an interesting comment..... the slowing Chinese economy.:missy:

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

Share this post


Link to post
Share on other sites

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):

XAUXAG.thumb.png.9fcfeb5d7b6c2e017f1d316b49a7446b.png

Share this post


Link to post
Share on other sites

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:

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • Thx for reminding us... I don't bang that drum often enough anymore Another part for consideration is who that money initially went to...
    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • How long does it take to receive HFM's withdrawal via Skrill? less than 24H?
    • My wife Robin just wanted some groceries.   Simple enough.   She parked the car for fifteen minutes, and returned to find a huge scratch on the side.   Someone keyed her car.   To be clear, this isn’t just any car.   It’s a Cybertruck—Elon Musk's stainless-steel spaceship on wheels. She bought it back in 2021, before Musk became everyone's favorite villain or savior.   Someone saw it parked in a grocery lot and felt compelled to carve their hatred directly into the metal.   That's what happens when you stand out.   Nobody keys a beige minivan.   When you're polarizing, you're impossible to ignore. But the irony is: the more attention something has, the harder it is to find the truth about it.   What’s Elon Musk really thinking? What are his plans? What will happen with DOGE? Is he deserving of all of this adoration and hate? Hard to say.   Ideas work the same way.   Take tariffs, for example.   Tariffs have become the Cybertrucks of economic policy. People either love them or hate them. Even if they don’t understand what they are and how they work. (Most don’t.)   That’s why, in my latest podcast (link below), I wanted to explore the “in-between” truth about tariffs.   And like Cybertrucks, I guess my thoughts on tariffs are polarizing.   Greg Gutfield mentioned me on Fox News. Harvard professors hate me now. (I wonder if they also key Cybertrucks?)   But before I show you what I think about tariffs… I have to mention something.   We’re Headed to Austin, Texas This weekend, my team and I are headed to Austin. By now, you should probably know why.   Yes, SXSW is happening. But my team and I are doing something I think is even better.   We’re putting on a FREE event on “Tech’s Turning Point.”   AI, quantum, biotech, crypto, and more—it’s all on the table.   Just now, we posted a special webpage with the agenda.   Click here to check it out and add it to your calendar.   The Truth About Tariffs People love to panic about tariffs causing inflation.   They wave around the ghost of the Smoot-Hawley Tariff from the Great Depression like it’s Exhibit A proving tariffs equal economic collapse.   But let me pop this myth:   Tariffs don’t cause inflation. And no, I'm not crazy (despite what angry professors from Harvard or Stanford might tweet at me).   Here's the deal.   Inflation isn’t when just a couple of things become pricier. It’s when your entire shopping basket—eggs, shirts, Netflix subscriptions, bananas, everything—starts costing more because your money’s worth less.   Inflation means your dollars aren’t stretching as far as they used to.   Take the 1800s.   For nearly a century, 97% of America’s revenue came from tariffs. Income tax? Didn’t exist. And guess what inflation was? Basically zero. Maybe 1% a year.   The economy was booming, and tariffs funded nearly everything. So, why do people suddenly think tariffs cause inflation today?   Tariffs are taxes on imports, yes, but prices are set by supply and demand—not tariffs.   Let me give you a simple example.   Imagine fancy potato chips from Canada cost $10, and a 20% tariff pushes that to $12. Everyone panics—prices rose! Inflation!   Nope.   If I only have $100 to spend and the price of my favorite chips goes up, I either stop buying chips or I buy, say, fewer newspapers.   If everyone stops buying newspapers because they’re overspending on chips, newspapers lower their prices or go out of business.   Overall spending stays the same, and inflation doesn’t budge.   Three quick scenarios:   We buy pricier chips, but fewer other things: Inflation unchanged. Manufacturers shift to the U.S. to avoid tariffs: Inflation unchanged (and more jobs here). We stop buying fancy chips: Prices drop again. Inflation? Still unchanged. The only thing that actually causes inflation is printing money.   Between 2020 and 2022 alone, 40% of all money ever created in history appeared overnight.   That’s why inflation shot up afterward—not because of tariffs.   Back to tariffs today.   Still No Inflation Unlike the infamous Smoot-Hawley blanket tariff (imagine Oprah handing out tariffs: "You get a tariff, and you get a tariff!"), today's tariffs are strategic.   Trump slapped tariffs on chips from Taiwan because we shouldn’t rely on a single foreign supplier for vital tech components—especially if that supplier might get invaded.   Now Taiwan Semiconductor is investing $100 billion in American manufacturing.   Strategic win, no inflation.   Then there’s Canada and Mexico—our friendly neighbors with weirdly huge tariffs on things like milk and butter (299% tariff on butter—really, Canada?).   Trump’s not blanketing everything with tariffs; he’s pressuring trade partners to lower theirs.   If they do, everybody wins. If they don’t, well, then we have a strategic trade chess game—but still no inflation.   In short, tariffs are about strategy, security, and fairness—not inflation.   Yes, blanket tariffs from the Great Depression era were dumb. Obviously. Today's targeted tariffs? Smart.   Listen to the whole podcast to hear why I think this.   And by the way, if you see a Cybertruck, don’t key it. Robin doesn’t care about your politics; she just likes her weird truck.   Maybe read a good book, relax, and leave cars alone.   (And yes, nobody keys Volkswagens, even though they were basically created by Hitler. Strange world we live in.) Source: https://altucherconfidential.com/posts/the-truth-about-tariffs-busting-the-inflation-myth    Profits from free accurate cryptos signals: https://www.predictmag.com/       
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.