Gold's path 1200>1170>1130>1085

FYI, several online bullion dealers are running specials frequently.

Apparently, they're comfortable to sell at the current price. And that should raise your eyebrow.

;P

 

I don't go in that much for TA either but there's a while big pile of people who do who are going to be buying and selling on those signals do so it does matter. I don't think TA actually signals much besides what the TA traders are going to do

 

I would start to buy in the second half of this year.

If you bought in the 1st half of 2014; and you all know how that went. Same as 2013.

Just when you believe this time will be different, .................surprise

 

I mostly bought at the end of last year. I got a few kilos of perth mint ag for $615. Good times

 

APMEX just sent out an e-mail highlighting that they are now selling gold at spot with free shipping. There appears to be no shortage of silver and gold in the world as there is far more available to buy (greater demand) than there are buyers.

My guess is that we will soon see a plunge in silver and gold spot prices.




.

 

Wow, they're selling gold at spot?
Hmmm, let' assume $30 is the premium per oz; that means the spot will plunge by $30 soon. I guess APMEX must have hedged their inventory; so their short position will protect the profit.

1200-30=1170

Gold's path will soon make the first step from 1200 to 1170, as I predicted.

 

Curious what gold Apmex is selling at spot? I just sold them 200 1oz silver Canadian Timberwolves Tuesday, so they are still buying coins.

 

Not saying that apmex don't know their stuff but if they knew enough about the market to predict it with that sort of certainty then they wouldn't need to make money in retail on small premiums on physical.

 

I started to notice that from a year ago; whenever apmex ran attractive specials, price smackdown followed few days later. Statistically, about 80% probability.

Wow, they were good; and they still are.

 

lets see it then, this level has held strong.. 1193 and pop back up.. this might signal an official triple bottom for mine

We shall see tonight but gold is holding very strong for the deflationary environment we are in.. if it falls under this vital support i doubt it will stop before 1155

1for1

 

Boom, down we go!

 

This gold market is Turtling Turtle Turtled :/

 

That's why apmex was running that spot special. They knew prices would tumble! Damn apmex sale !

 

As I predicted, 1170 is nearby.

1130 is coming your way.

 

Now you know why APMEX was selling gold @spot?

 

So 1170 is the next level of support? Just 4 dollars away!

 

Damn even 1170 was broken. :/

 

Can't be broken if it isn't a level of support.

 

omfg.. it happend!

 

So what is the next level of support? 1150? That's just 15 USD away.