Was going to buying some but it just keeps falling - I hear from jim rogers that gold could go to $1200, $1300, $1400 but he would start buying at $1550. Gold is expensive for us " small people " to quote BP Chairman Carl-Henric Svanberg So fellow Gold Bugs you going to wait further and then buy or are going to buy now and be thankful for the dips? Great to hear back from people.
I had wanted to say that I did not want to be greedy - but the picture made me laugh - I remember watching the cartoon as a kid. No one has a vault that big or with that much gold - gold is god's money - you cannot print it. If only I could find the Mr Burns clip where he declares " Money Fight ! " and starts throwing around $10 k wads of cash. http://www.youtube.com/watch?v=Wp7Jv3mwbW4 - Money Fight
I have lost all interest in buying gold. For me it's about selling the little I have once it goes a bit higher. I regarded it as obscenely expensive in 2010, so my thoughts now are pretty much that plus more. Silver I have more 'faith' in. Not exactly a cutting-edge technical analysis, but there you go.
I was so close to pulling a trigger today, but yes, seeing the price getting a bit unstable, so I've decided to wait for a bit longer!
hi guys, first post for me here... but i'd like to say that im in it for the long run the cheaper it gets now the more i can buy... i'm just spending my savings on it, so i don't really need the money for anything else... don't worry guys, just hang in there... the same could happen to silver, but we all know where the end result is at, and that definitely gonna be $5000+ if not more... those with the balls to hold it will see the rewards in the future!
Welcome! Love the username ... I expect to hear plenty of "I wants it, my precious, nasty hobbit/government took it" etc ...
The thing you have to remember is if gold falls to $1200 the AUD will be toast so it's all relative. Looking back on the charts i believe in 2010 gold spiked in AUD not because the price of gold was rising(because it wasn't in USD terms) but because the AUD was getting smashed. The AUD is basically a play on China and since China is dropping the AUD will be toilet paper soon.
Biderman - Stocks and gold should rally post Facebook IPO https://www.youtube.com/watch?v=H9Twxv1V50s&list=UU_FouojmbzN_jwBVkroDQBw&index=1&feature=plcp
Great post MetalMajix, thanks Attempting embed: [youtube]http://www.youtube.com/watch?v=H9Twxv1V50s[/youtube]
Gold at $1536 I am still counting down to the psychological barrier of below $1500. Give it a week - next Tuesday will be interesting.
A 40% drop from high of approx. $1,900 would be $1,150 approx. A 50% drop and it goes under $1,000. Who knows?
It seems to me there are a lot of people sitting on the sidelines waiting to make a move. While it may be creeping down slowly. You may not have a chance to get on board once it goes up. Again it all depends on your position. If you think it will fall more, then wait, buy on the low, cash in later in the year and move on to the next investment, rinse repeat. In 5 - 10 years is anyone's guess, but that is what I am waiting on
I hate this question WHY BECAUSE NOBODY CAN PICK IT ALL the forecasters get it wrong MOST OFF the time Try picking lotto numbers before trying to pick what the gold price does , This question like some others get recycled every time the price drops & usually by people who have just dipped they're toe in I think I just said the same thing about silver on another thread AS THE GREAT KANGAROO HUNTER SAYS BUY NOW CRY LATER
I'm no TA expert but I'm looking at this possible chart formation @ USD1530: Triple Bottom (Bullish Reversal) This the potential bullish scenario I am envisioning at the moment. Obviously there are potentially stronger bearish scenarios as well. Gold in AUD is a whole different beast. DYODD
