Gold prices have fallen almost $250 dollars in the past five months. Today's question is, at what level would you begin to think about buying gold?
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Gold prices have fallen almost $250 dollars in the past five months. Today's question is, at what level would you begin to think about buying gold?
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i m surprised what is happening is it the end of the gold bull run or might be the correction or people or trapping in this gold fever
Today's question is, at what level would you begin to think about buying gold?
A: When the Plumbing team feel accomplished and the CFTC have gathered enough balls to enforce contract limits.
I will buy gold at any price . ...$10,000....$15,000.....$100,000
BECAUSE it`s not really the price of gold but the price of the dollar...
1 ounce of gold will always be 1 ounce
Relay excellent, your calculation, logic, everything
I am concerned about the rise in bond yields and a rising
dollar. They are both bearish for gold. What do you say
Adam?
Gullible brain-washed chumps, wearing two pairs of rose-colored glasses, believe Pied Piper Bernanke and his Fed cohorts. They sell their precious metals, buy all sorts of worthless paper (bonds and treasuries with negative interest rates, depreciating Federal Reserve Notes, stocks) and follow The Pied Piper to the ocean. In REAL TERMS , it would take a healthy economy with a true GDP of 6-8%, projecting to 8-10%, to support the current levels of the Fed-created stock "bull market"; not the tanking economy that is still on life-support after four years and a NEGATIVE GDP (below the inflation rate).
Bingo, so the automatic cuts are just a sliver of hope to reduce the enormous debt. I'm still trying to fathom 18 trillion its like unbelievable.
$1483 for a bounce to 38% retracement of downmove
this level only provides intermediate support, one bounce from that point, and then again down, because bellow 38%, there are 50% and 61.8 and finally 75% also possible, so until found any fresher movement 38% can not be taken as a final support
I thought that is what I said, a bounce from there might be good for a 38% retracement, perhaps more, before probably going down again. Does anyone know where it will bottom? I am thinking 1350, 1150, or even as someone suggested 800 which is where gold topped out whenever it was, in the late 70's? However, I would be surprised if it went below 1350.
Gold appears to be bottoming. There may be one more down move before it continues up. Appears to be in a penant formation. Breakout from the pattern will have technical significance. Just a wiggle on the 30 year chart. Penants and flags are usually continuation (of the longer term trend) patterns. Shorter term, the triangles are down so there is no signal to buy yet. Quite the contrary. I tend to look at longer term charts than do the trade triangles. Maybe Adam could initiate a longer term yearly triangle. Probably not very useful for trading but could be useful for longer term trend following.
I AM SURE MANY MANY "BORN BULLS" WILL HATE THIS COMMENT, HOWEVER, YOU MAY GET AN OPPORTUNITY TO FIND $ -1200 OR EVEN $ -800 TO BUY GOLD
On what planet did you say?. That number 1200, or 800 for physical gold is unrealistic . I would like to know where you get this idea from? Now I do know of some streaming bank ventures that could but no way do I see 1200 let alone 800.
This is unrealistic, where do you get this information from ?
As I said the other day there will be a short pull back in a month and off to the races.
In real terms China along with other bric countries are getting ready for a coup de gras
Against the west and gold is the target.
Already we see the evidence China is wanting to back it's currency with gold. And when
The US defaults it will be clear gold is the winner.
Let me know though when I could get some and how at 800 an ounce.
Dear James,
I am predicting every possibilities, only based upon Technical Study, and accordingly Please refer another comments above, of "Mr.Dennis King says:
"I thought that is what I said, a bounce from there might be good for a 38% retracement, perhaps more, before probably going down again. Does anyone know where it will bottom? I am thinking 1350, 1150, or even as someone suggested 800 which is where gold topped out whenever it was, in the late 70's? However, I would be surprised if it went below 1350.
and one more comment of Mr.Kevin, as he says:
"I will buy gold at any price . ...$10,000....$15,000.....$100,000
BECAUSE it`s not really the price of gold but the price of the dollar...
1 ounce of gold will always be 1 ounce
Both above comments is quite applicable because Gold Price or value in $ terms is not important, as it is co-related with $ absolute valuation, and another important point is ultimately price determination is purely based on demand and supply irrespective of any other consideration, so nothing is imposible.