Gold stocks will rally on Monday?

Discussion in 'Stocks & Derivatives' started by Scyb, Jul 5, 2013.

  1. Scyb

    Scyb Member Silver Stacker

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    With the upcoming US payroll report being released tonight, I believe that there would be a drop in the jobs added figure, prompting an excuse for the qe3 to continue.

    Gold could rise 5% based on this news. And the dow will probably close higher.

    Gold stocks could rally on Monday when it opens?

    Any thoughts on this?
     
    Scyb, Jul 5, 2013
    #1
  2. trew

    trew Active Member Silver Stacker

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    You don't get the logic of the day

    Good news means QE will end - gold drops

    Bad news means QE will continue so stock markets will rise - gold drops




    ... And gold dropping confirms downtrend still intact so gold drops further


    By the end of the year gold will be negative $500
     
    trew, Jul 5, 2013
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  3. thatguy

    thatguy Active Member

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    More important to gld then NFP is Cairo IMHO
     
    thatguy, Jul 5, 2013
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  4. Scyb

    Scyb Member Silver Stacker

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    Yah. Thats why I have bought some gold shares as I think the stock market going up can pull the gold stocks higher then if i had bought physical and banked the spot gain.

    I just feel this would be a great chance for them to say that the economy is not 'recovering' as much as they hope for and qe3 could be continued (which it will)

    Really just filling my time until the phyical realizes its true value :D
     
    Scyb, Jul 5, 2013
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  5. thatguy

    thatguy Active Member

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    Gold shares have been counter trend to the every day garden variety stock market... and I hope wil be when stock markets crash
     
    thatguy, Jul 5, 2013
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  6. VRS

    VRS Well-Known Member Silver Stacker

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    ^ +347
     
    VRS, Jul 5, 2013
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  7. dozerz

    dozerz Well-Known Member Silver Stacker

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    cant wait to be paid to buy gold :)
     
    dozerz, Jul 5, 2013
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  8. Comper100

    Comper100 Member

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    Metals futures are down at the moment, but anything could happen after Jobs data! Probably the biggest data release of the month...
     
    Comper100, Jul 5, 2013
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  9. Scyb

    Scyb Member Silver Stacker

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    ok data is out... looks like it went exactly opposite as my predictions :D time for the metals to get smashed
     
    Scyb, Jul 5, 2013
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  10. thatguy

    thatguy Active Member

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    Bonds are copping a flogging... good for gold... eventually
     
    thatguy, Jul 5, 2013
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  11. SilverSanchez

    SilverSanchez Active Member

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    Somehow I managed to start my gold investing career (Oct 2010) with a 5-7 year timeline and BEHOLD - i watch the micro moves like the freaked out dickhead i didnt wanna be. I would not recomend this to anyone but somehow ...... its freakin FUN :)
     
    SilverSanchez, Jul 5, 2013
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  12. SilverSanchez

    SilverSanchez Active Member

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    Dont predict anything but the past :)
     
    SilverSanchez, Jul 5, 2013
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  13. Riyder

    Riyder New Member

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    S ilver S anchez = Super Sensitive

    S S = Silver Sucks

    S S = Stupid Silver

    LoL , ya gave me chuckle with the freaked out bit SS.
     
    Riyder, Jul 5, 2013
    #13
  14. Guest

    Guest Guest

    What do you mean by all that SS = stuff?

    I can't work our whether you are giving SilverSanchez shit or not..
     
    Guest, Jul 6, 2013
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  15. Riyder

    Riyder New Member

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    Hey Salty ,

    As Silver Sanchez already dumped his own sh-t on himself,

    I was just havin a chuckle at his freaked out dickhead comment , watchin the micro moves and so on

    So as his name seems to be mimicking Silver Stackers ( SS ) to some degree.

    Super Sensitive to the micro moves seemed plausible also - SS

    Hope that clears it somewhat
     
    Riyder, Jul 6, 2013
    #15
  16. Guest

    Guest Guest

    :/
     
    Guest, Jul 6, 2013
    #16

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