$1700 US Gold

Discussion in 'Gold' started by fishball, Aug 8, 2011.

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  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    mmm....shiney!, Sep 6, 2012
    #81
  2. thatguy

    thatguy Active Member

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    here is a decent smackdown. Up to 1713 and down to 1701 nice run the stops move
     
    thatguy, Sep 6, 2012
    #82
  3. willy

    willy New Member

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    only 1701... !?

    c'arn we can do better than that...

    fair enuf AUD is droppin for now but in relation to all the 'other things' going on.. SHTF of an outlook for lumps of iron rock but the voodoo of carry currencies? AUD, CAD etc.. ina world of hurt, we are smal fry, but against EUR USD etc probs isnt 3+%, 3+% for now? and from my 'tunnel vision' outlook, for now, short term, we have the advantage of the buffer..

    not a critical analysis, just an open question to all..
     
    willy, Sep 6, 2012
    #83
  4. Nukz

    Nukz New Member

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    There are quite allot more variables, I noticed when the ECB announced their new bond buying program overnight industrial commodity's climbed as did the AUD again overnight. This intervention by the ECB really put's Australia in a position where the economy can slow but the AUD may remain high.
     
    Nukz, Sep 7, 2012
    #84
  5. thatguy

    thatguy Active Member

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    support @1685? Am putting in a couple of small longs with tight stops... hope I do not get stopped out... to much red lately :(
     
    thatguy, Sep 7, 2012
    #85
  6. petey

    petey Active Member Silver Stacker

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    Made a purchase today so I predict a steady decline for quite some time now.
     
    petey, Sep 7, 2012
    #86
  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Yes, I'm holding out at the moment. But ya gotta love the AUD don't you? Will we see sub AU$1620 before trading closes tonight?
     
    mmm....shiney!, Sep 7, 2012
    #87
  8. petey

    petey Active Member Silver Stacker

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    I'm convinced I have a pretty good idea of what will happen long term. Muffed if I could make a decent decision in the short term though. :lol:
     
    petey, Sep 7, 2012
    #88
  9. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    That's the difference between possessing insight, or a rational understanding of the current economic climate and the direction it is heading, as opposed to being able to read tea leaves. I'm with you in the first category. ;)

    I'm waiting to buy some sub AUD1620, then I'll hold out for a further drop in the next week or so, or I'll just pull the trigger and buy mid 1600's. I'm expecting the AUD to bounce back off it's recent low because of all the "good" economic news in the media over the past 10 days. I'm also hoping this should push gold south a little as well because I believe the gold price and the USD are like two toddlers in a sand pit, they have fun but do not get on with each other at a social level so hopefully I can save a bit. So far the AUD is cooperating but the price of gold in USD is not. It's been a $100US increase/oz in the past 3 weeks. That adds up.
     
    mmm....shiney!, Sep 7, 2012
    #89
  10. Kawa

    Kawa New Member

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    @ Shiney and Other Gold investors.

    Is there a general view that Gold will stay above $1500/oz over the next year ?
     
    Kawa, Sep 7, 2012
    #90
  11. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I assume you are referring to USD and I believe there is. The indicators in my opinion are more in favour of a price rise than a fall back. But, then all scenarios are possible aren't they? :D
     
    mmm....shiney!, Sep 7, 2012
    #91
  12. thatguy

    thatguy Active Member

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    BOOM
     
    thatguy, Sep 7, 2012
    #92
  13. cowwws

    cowwws Member

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    Holly crap - now that's a spike...
     
    cowwws, Sep 7, 2012
    #93
  14. goldpelican

    goldpelican Administrator Staff Member

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    Only 96,000 jobs in the US for August compared to 141,000 in July. Unemployment 8.1%.
     
    goldpelican, Sep 7, 2012
    #94
  15. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Ouch :(
     
    mmm....shiney!, Sep 7, 2012
    #95
  16. thatguy

    thatguy Active Member

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    low jobs = good news = no QE = good news for gold WTF?!@?
     
    thatguy, Sep 7, 2012
    #96
  17. goldpelican

    goldpelican Administrator Staff Member

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    Isn't that backwards? Low jobs means the economy isn't recovering as fast as expected, higher likelihood of more QE.
     
    goldpelican, Sep 7, 2012
    #97
  18. thatguy

    thatguy Active Member

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    Yes sorry to many late nights :|
     
    thatguy, Sep 7, 2012
    #98
  19. Vredaren

    Vredaren Member

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    Boy, that escalated quickly
    *insert picture of Ron Burgundy from Anchorman*
     
    Vredaren, Sep 7, 2012
    #99
  20. thatguy

    thatguy Active Member

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    just did a news search QE buzz everywhere... madness just madness :)
     
    thatguy, Sep 7, 2012
    #100
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