^^^ Not exactly how I'm feeling 'Pete. Last time it was this low was 5-6 yrs ago. That's a long time for my 'investment/savings/speculation/insurance' to go 'nowhere' Not feeling the love
meh.. support around 1200 should hold .. 1192 and rebound -- glad to see oil get smashed down to 48.76 currently.. sweet :_)
I saw something on Bloomberg TV about a week ago about 'possible 10 $ oil'. How about that? Gold might as well sink to 600 $. Didn't Louise Yamada tell us something about that "magic number" (600 $)? http://www.cnbc.com/id/101728300
Gary Wagner; kitco News, Gold at a critical level at $1198. https://m.youtube.com/watch?v=IRiY4qgd1cE# In short if it breaks through, it'll keep going lower, but if there' solid resistance we're at the start of a new bull run. However after all these years, tech analysis still reminds me of druids reading entrails.
^ That is a very good video, Clawhammer. I always like to watch Gary Wagner's analyses. And it's been 1,190 $ already, it could go lower.
It's hard to believe gold will sink lower than 1,000 $. Check charts in multiple currencies and after this spike, gold barely sinks a bit. Only in USD and Thai baht (THB) does gold perform so weakly. This could be temporary. And perhaps that Gary Wagner video is right, we might be ahead of the next bull market. I could barely find a few graphs in other currencies (besides the USD) that still show 'cheap gold'. If you look at the EUR/RUB/JPY/NOK/RUB/AUD/MYR, it's strongly bullish. ...looks like the bull market has started. While in SGD, it's somewhere "in between". Could go up, could go down. For some reason, gold also dipped seriously on the Thai baht chart. I could hardly believe we're into some massive fall. This dollar price dip might not last for long. If you have USD, better buy some gold while it's still under 1,200 $.
Well we've had armstong and dent on another thread who's next celente? Why do you listen to these people? Do you think they would be pimping books, speaking engagements and subscription newsletters if they could make tradable predictions? Why would they need to?
Someone else has to take the other side of the trades. :lol: https://www.youtube.com/watch?v=-ZBNdszL3iA
Nah you give these 'personalities' on the edges of PM trading too much credit....selling DVDs and subscription newsletters has always been their gig. 'Save yourself from financial apocalypse with my insider newsletter, learn my top secret system with my DVD etc'. I they could predict markets they would not be chasing dimes for subscriptions, dvds. book sales, speaking gigs etc . Source:
[youtube]http://www.youtube.com/watch?v=RRWAQ255qhs[/youtube] Anyone else feel like there's a little resemblance between Gil and Mike Maloney?