Discussion in 'Gold' started by JulieW, Jun 16, 2016.
Well I sold my entire unallocated stack on Thursday night (all 0.19 oz of it) for a total profit of (wait for it...) $10!! Still fun though.
Making money on PMs is child's play. If only I'd gone all in.
They call that "freedom of speech" in Brit... Boris has 2nd job outside his parliamentary duties...hope he doesn't use his government car to do his "private" outings...
$1800, will we see it today?
We're $1793 now so it's a pretty good chance...
But my gut tells me we might see some central bank interventions and a bit of a dead cat bounce in risk-on markets today.
Boris Johnson has also come out and made a decent statement about Brexit implications that might go some way to cooling things down.
All of this might suggest a mild pullback in gold.....but it could just as easily shoot through the roof again so DYOR
On ABC24 just now they totally failed to mention that gold went all time high AUD today.
They didn't even show the gold price in AUD, they only showed in in USD.
I think we'll see 1900 by end of July.
Just an intuition, nothing to support it apart from the bull market, the collapse of economies, and the price of eggs.
Are you stacking Faberg eggs?
Only $3:06c short
It looks like the market has already priced in a rate cut by the RBA today or am I wrong
Happy days are here again ( to stay)
Ive got my
Onwards and upwards to $1900.
You have gotta love this :lol:
Boris and girlfriend,don't you mean Boris in drag :lol: fair dinkum they look alike :lol: Ya but no but :lol:
It seems if the price keeps on going like this chart below combined with the unknown situation in USA, Japan & Eurozone, it will soon hit $1800:
I like it
Looks like a feeble trendline - not even a bounce to confirm a second touch yet. I think of a trendline as being minimum three touches, with a bit of wiggle room for 'close enough'
You might find that the dotted red trend line is coming off the December lows too. So that would be 2 touches.
Im not suggesting it's rock solid, but it shouldn't be ignored. In conjunction with the flag formation (which is generally bullish) it could be a good buy zone to springboard from if BOJ and FOMC deliver dovish outcomes this week.
PS - This chart is in USD while the thread is about AUD gold. We could easily see a big move in USD gold that doesn't flow through to AUD because of parallel exchange rate moves to offset.
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