What are your opinions, is gold entering a bull market or, is this just a temporary "bump" and it will fall back down?
Surely its just a bump.....The Fed have just announced much more tapering of stimulus (QE) due to falling employment numbers.
That's just smoke......... Note Belgiums T Bonds figures, and the time line of their increases. US GDP figures come out next Tuesday. Based on non MSM stuff I've been reading these figures may well "cause a few ripples". We'll see eh? :/
Not unfortunate - its good it corrects. The big move up will only be in September/October after the Labor day weekend. This is what every technical analyst predicted and the down to September may be another $30-50 in gold and $1-2 in Ag. Not unfortunate and no surprise!
It slipped slightly, so we're down a bit now. 1-2 bearish forces and we'll be down below 1,300 $. I would like to see where this maximum lands and where the next minimum will be set.
Why not ? How many people here say they will wait until gold/silver has turned the corner before buying ? By definition that means buying after the price has gone up
- I don't take into account what people say but what they do. - The willingness to pay more eroded abit after the buy in and sell off waves. See, people learn from errors. - That will become clear when the futures positions, that now mask the sales in the spot price, are dumped again. The question then is, how many will buy then! Because that will determine the bottom price (which I find interesting for various undisclosed reasons )
The bottom might still be to come or it may have already occurred. Everything will only become clear after the fact. The futures might dump the price down again or they might not. Your crystal ball is no better than the rest of them.
Down to $1328US, then up to $1359US, then $1380 - $1400US in September. And..........that's only if the worlds turmoil stays quiet, if not price will be higher. On a positive note.............................my crystal ball is as good as the others :lol:
