Another face slapping day for gold bugs. Smackdown, from now on, all the way below 1,300 usd/oz :lol:
Face slap? No. Hope you're out of your short. But I am starting to realise why other people seem to think you're a dick. You talk like a 16 year old who's never had a girlfriend. Less hubris would work in your favour
OK, I guess before the 21st September 2016 it's still good to buy Gold Here's the backing from Technical analysis chart:
Nice chart masmas. The red lines are forming up the "flag" pattern (consolidation) I mentioned in the other thread. With the blue support line crossing over not long before the date for the Sept FOMC meeting it looks like a very important setup from a technical perspective. Just need to beware of a potential ambush. Never underestimate the central bankers ability to surprise the market when they want to.... But, I agree. If we get no rate rise in Sept and a bounce off one of those lines of support it should be a decent buy signal.
Thanks BuggedOut, I'm trying to learn about Technical Analysis so that I can understand the market movement before buying. Last month I was able to buy some Gold while it was AUD$ 1750 per Oz. Source: http://goldprice.org/ So I'm keen to buy this week or next to prepare before 21st September :| hopefully it is the right move.
Will silver go up 13c on opening or down by 55c? This is a serious question, if you can't be specific just up or down would do too
How much does it cost per year ? I wonder if it predicts more accurate than http://goldforecaster.com/ website.
My trading system showed a signal that gold might challenge 1,350 usd/oz again. I plan to re-start my short position when that happens
It's well established now that leon1998 is just a kid and doesn't really short anything. I doubt he is even old enough to have a trading account, which is lucky for him otherwise he would be broke. It's best to just let the kid be.
My opinion at this stage is that gold will move to 1470 - then blow off and correct into Xmas so ill be rebalancing my portfolio to raise cash when that price is approaching. 10% max for big companies 3% min for small
I bought a gold 1oz coin late on Wednesday, which must have sent the price up through increased demand. The market recovered from my purchase late yesterday and is settling down again, so I expect the price to fall a little further.
