Sell gold, buy base metals

Discussion in 'Gold' started by Spode, Dec 21, 2012.

  1. Spode

    Spode Member

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    Spode, Dec 21, 2012
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  2. finicky

    finicky Well-Known Member Silver Stacker

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    The SaturnV 'Pascoe Indicator' flashes BUY once more?

    [​IMG]
    Source:http://www.bullionbaron.com/2011/04/aud-gold-pascoe-indicator.html

    Plus the Gold Price has dipped below the 200 dma, but has done this before after a 'golden cross' in the earliest phase of a secondary bull market for Gold. Also there's a recent Vid wherein Marc Faber reiterated his current bullish outlook for gold if it drops to "around $1650" and "holds that level, and not move lower". At current 1637 after last night's big drop - I'm not panicking yet.

    On the negative side, Rudi Filapek Van-Dyck, got me thinking a few nights ago when he commented about gold that "... the biggest threat to Gold is a bull market in Equities"

    [youtube]http://www.youtube.com/watch?v=y4jstQWMLKg[/youtube]
     
    finicky, Dec 21, 2012
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