I expect gold price to fall this autumn

Discussion in 'Gold' started by TreasureHunter, Sep 16, 2014.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    Perhaps the 2013 autumn scenario will repeat itself. Gold will continue dropping until December, January even.
    http://www.primevalues.org/market-watch/gold-price-fall-autumn-2014.htm

    FOMC meetings: September 16-17, October 28-29.
    These dates will probably be about further tapering.

    And tapering combined with weakened investor sentiment and EU weakening (in the trade and financial war with Russia) - the US dollar will gain. For a while it will be so...

    HSBC expects 1,150 $ minimum level for gold this year. I think that's doable with some tapering...

    I think all these bearish signals will eventually run out and gold will start ascending. By that time, Russia will have responded harshly to the West's sanctions, EU might eventually make a compromise with them and stop hurting itself with anti-Russia sanctions...

    2015-2016 might bring a gold price recovery?

    I think, by that time the Fed will run out of the tapering opportunities and more countries will have phased the dollar out.

    Russia's punch against the petrodollar will make its effects felt in a matter of years. Let's keep in mind - the World's biggest producer of oil has ceased sales in USD.
    Russia is also the second largest exporter of oil.

    I see a downward slope for gold on the near term, but this gold-buying opportunity may never return.
    This is merely the result of the conjuncture, there's nothing wrong with gold investing.
     
    TreasureHunter, Sep 16, 2014
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  2. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    How about the AUD during this time?
     
    SpacePete, Sep 16, 2014
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  3. TreasureHunter

    TreasureHunter Well-Known Member

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    Someone expert enough in forex should tell their thoughts...
     
    TreasureHunter, Sep 16, 2014
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  4. willrocks

    willrocks Well-Known Member Silver Stacker

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    [​IMG]
     
    willrocks, Sep 16, 2014
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  5. TheEnd

    TheEnd Well-Known Member

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    Obama will borrow even more USD from the Fed come March 2015.....He will push the debt ceiling to 20Trillion i'm sure....AFter that....who knows???
     
    TheEnd, Sep 16, 2014
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  6. whinfell

    whinfell Well-Known Member Silver Stacker

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    It's spring here - does that mean the gold price will rise here?
     
    whinfell, Sep 16, 2014
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  7. smk762

    smk762 Active Member Silver Stacker

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    I'd say falling, but not too far. Less than 0.75 unlikely. I'm no expert tho.
     
    smk762, Sep 16, 2014
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  8. TreasureHunter

    TreasureHunter Well-Known Member

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    What's going to happen in March 2015?
     
    TreasureHunter, Sep 16, 2014
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  9. hem9

    hem9 Active Member Silver Stacker

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    At 1150 USD per oz and .75 exchange rate = 1533.333 AUD gold price
     
    hem9, Sep 16, 2014
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  10. TheEnd

    TheEnd Well-Known Member

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    Obama WILL need to raise the debt ceiling .........AGAIN!!!
     
    TheEnd, Sep 16, 2014
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  11. smk762

    smk762 Active Member Silver Stacker

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    [​IMG]
     
    smk762, Sep 16, 2014
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  12. mmissinglink

    mmissinglink Active Member

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    Failed Conservative US President R Reagan raised the debt ceiling 18 times and incompetent President G W Bush 7 times. Republicans have raised it more than Democrats since 1940....54 times to 40. http://billmoyers.com/2013/01/11/the-partisan-history-of-the-debt-ceiling/

    There is no such a beast as a "conservative" Republican party....that's a myth that lives only in the minds of delusional people.





    .
     
    mmissinglink, Sep 16, 2014
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  13. Stax

    Stax New Member

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    U.S currently has NO debt ceiling, they voted to abolish it last time they had the government shutdown charade.
     
    Stax, Sep 16, 2014
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  14. TheEnd

    TheEnd Well-Known Member

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    You are right I just did a quick search and yes they did remove it but only temporarily until March 2015.......UNBELIEVABLE! :mad:
     
    TheEnd, Sep 17, 2014
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  15. C.H.

    C.H. Active Member Silver Stacker

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    Yeah, "temporarily" :)
     
    C.H., Sep 17, 2014
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