So close to $1700....will it lift off?

Discussion in 'Gold' started by TheEnd, Sep 4, 2012.

  1. TheEnd

    TheEnd Well-Known Member

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    As of 5.30am we are @1698.... If it breraks 1700 will we see a big lift off back to 1900 and beyond....It's very possible considering all the fundamentals are aligned atmo?
     
    TheEnd, Sep 4, 2012
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  2. Levant

    Levant New Member

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    Not today...

    Tomorrow maybe.
     
    Levant, Sep 4, 2012
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  3. Bulawan pilak

    Bulawan pilak New Member

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    So if it breaks $1700 or even better $1900 where do you think the next peak would be.....
    My thoughts are if it hits $2200+ it might be time to cash some gold in as the price would
    then possibly drop a few hundred and then stabilise for a while....

    I would prefer it to go higher of course........
     
    Bulawan pilak, Sep 5, 2012
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  4. Levant

    Levant New Member

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    I don't feel like this is the final run up, so for me the price is irrelevant.

    I'm waiting for the GSR to break below maybe 40, then I'll start my swaps into gold...
     
    Levant, Sep 5, 2012
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  5. SilverTouch

    SilverTouch Active Member Silver Stacker

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    Should happen today :)
     
    SilverTouch, Sep 6, 2012
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  6. Deebsotronic

    Deebsotronic Member Silver Stacker

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    Good call,

    price just sliced through $1700 USD. :D
     
    Deebsotronic, Sep 6, 2012
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  7. leo25

    leo25 Well-Known Member Silver Stacker

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    Things are getting exciting again! where to from here.

    btw love your ID Deebsotronic, wish our money really had the Fonz on it =D
     
    leo25, Sep 6, 2012
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  8. bullionfrog

    bullionfrog New Member Silver Stacker

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    My god when I logon, open the chat and saw 1699.99. Want to post my screenshot how I can do it?
     
    bullionfrog, Sep 6, 2012
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  9. Deebsotronic

    Deebsotronic Member Silver Stacker

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    Save the screen shot as a .jpg on your PC and then go through the regular process to add a pic with the "upload image" tab at the top of this page

    aaaaaayyyyyyyyy :cool:
     
    Deebsotronic, Sep 6, 2012
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  10. bullionfrog

    bullionfrog New Member Silver Stacker

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    Thanks a lot!

    I have captured just before it break! 1699.99

    [​IMG]
     
    bullionfrog, Sep 6, 2012
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  11. alex.ross

    alex.ross New Member

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    What do people think will happen tomorrow?

    Bullish factor: Technically speaking, Gold and Silver cannot be better positioned. It is above both the 50 and 200-days MA. The MACD has turned positive.

    Bearish factor: NFP announcement *usually* means bad day for the metals. Also, given their meteoric rises in the last 2 weeks, the RSI suggests that they're currently overbought, and due for small correction.
     
    alex.ross, Sep 6, 2012
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  12. TheEnd

    TheEnd Well-Known Member

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    Woohoo I knew it was going to happen sometime soon....Just seen it now....Excellent news!
     
    TheEnd, Sep 6, 2012
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  13. leo25

    leo25 Well-Known Member Silver Stacker

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    [​IMG]
     
    leo25, Sep 6, 2012
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