$1250 and rising...

I know everyone has had their hopes raised and dashed so many times before nobody wants to believe a really is real and is calling the end of days every time we get 2 bad days next to each other but this month has been pretty confidence inspiring.

I know a lot of the institutional banks are saying H2 will be bad but these are the exact same people saying H1 was going to make 2014 look like 2011.

I think there's enough worried people ask over the world who are starting to look around for a way to get of of their currency and gold is looking like a safe bet. Let's just hope it drags it's whiney little brother silver along with it.
 
House said:
What's the TA resistance price for a good boot up?
Click to expand...


IMHO we need to break clean $1300 to do the "good boot up" as you said.... :lol:

It should be bullish enough if we break it with significant volume to make it the support....

What we do not want is to break down the $1250 mark....... that's a NO NO......

"EU fast fingers" will have their next move soon by the looks..... see how we go......


Have a great Weekend all...... Loving it....... great weather.....

cheers ;) :) :cool:
 
I think it's looking very likely gold in AUD will break the all time record quite shortly. It only has 9.5% to go.
 
I'm looking for a weekly close above $1350 to start buying in decent volume

jan22.2015goldw.png
 
trader10 said:
Now.... volumes are starting to show.....

It needs to hold above $1250..... there is another lot of EU quick fingers this week.... I hope they lose on the "arm wrestling".....

IT COULD BE COMING CLOSE TO THE "WINDOW OF OPPORTUNITY" now....

Play safe all....

cheers
Click to expand...

I believe so: the window of opportunity is around here somewhere. It will play between 1,250 and 1,300 until is decisively crosses either one of the two levels.

I'm already seeing "predictions" of "experts" saying gold will hit 1,400 $ by the end of the year :lol:
 
trader10 said:
House said:
What's the TA resistance price for a good boot up?
Click to expand...


IMHO we need to break clean $1300 to do the "good boot up" as you said.... :lol:

It should be bullish enough if we break it with significant volume to make it the support....

What we do not want is to break down the $1250 mark....... that's a NO NO......

"EU fast fingers" will have their next move soon by the looks..... see how we go......


Have a great Weekend all...... Loving it....... great weather.....

cheers ;) :) :cool:
Click to expand...


We might be getting close to the "POINT" now...... should be a interesting week..... ;) :cool:
 
I think EU fast fingers are done..... we might need a confirmation early next week....

I'm itching now.... but we need to play safe IMHO.

Unfortunately we have broken $1250 now..... but, i don't see much difficulty in breaking it up again on volumes....

Time will tell.... have a great weekend all. :) :cool:
 
This would happen when I have am ounce and a half of scrap in the post. Might be worth holding it though, looks like the EU could be injecting some serious safe haven buying soon. I heard the former Cypriot finance minister say that he expects a run on the banks in Greece any day now to the tune of many many billions. Have to assume at least some of that is going into gold and that currency wars and rumors of currency wars will spur buying elsewhere in the old world.
 
It wouldn't surprise me that we see new lows now that we've closed below the $1250 level.

From what I've read about the Greece situation they have been given 10 days (next Monday) to agree to the terms of the ECB/troika to receive more funding for their banks but technically they still have until February 28th and regardless Greek banks have a 60 billion euro emergency fund they can tap if they reject the ECB's proposal.

So even if there is a bank run and capital controls are introduced things aren't going to blow up immediately in the Eurozone which means there isn't a lot of upward pressure on gold at the moment. There will be a lot of chatter in media circles about the Fed raising rates again which will add to the selling pressure on gold not to mention any positive jawboning by Fed officials in the coming weeks after the nonfarm payroll numbers.

I'm either going to wait until gold eventually closes above the $1350 level before buying anymore on the upward side or I may start accumulating at a close below $1100 on the downward side. Definitely nothing in between
 
Caput Lupinum said:
It wouldn't surprise me that we see new lows now that we've closed below the $1250 level.

From what I've read about the Greece situation they have been given 10 days (next Monday) to agree to the terms of the ECB/troika to receive more funding for their banks but technically they still have until February 28th and regardless Greek banks have a 60 billion euro emergency fund they can tap if they reject the ECB's proposal.

So even if there is a bank run and capital controls are introduced things aren't going to blow up immediately in the Eurozone which means there isn't a lot of upward pressure on gold at the moment. There will be a lot of chatter in media circles about the Fed raising rates again which will add to the selling pressure on gold not to mention any positive jawboning by Fed officials in the coming weeks after the nonfarm payroll numbers.

I'm either going to wait until gold eventually closes above the $1350 level before buying anymore on the upward side or I may start accumulating at a close below $1100 on the downward side. Definitely nothing in between
Click to expand...


Yeap, there are some interesting players on this ........ What amazes me is that right now, as we type, could be 2 -4 ships crossing seas full of gold for the REPATRIATION countries that we know about it.... I wonder how many more are we going to hear in the next 6 months.....

Next week confirmation could be quite interesting..... I hope to hear from a mate in EU to see if the rumor of "finished business" from the fast fingers is right.....

Meantime, I would suggest a nice cold ale as Sydney is boiling at 31C today.......Have anyone tried the Crown Golden Ale ? It's Crown Large's cousin.... it's a beautie ! and it's OZ !

Nice beer ! loving it ! :o :lol: :cool:

http://crowngoldenale.com.au/landing.php



cheers
 
I sold last week I suggest you guys do the same I think another dip is coming buying opportunities around March-April.
 
No1joey said:
I sold last week I suggest you guys do the same I think another dip is coming buying opportunities around March-April.
Click to expand...

Whats ur punt, joey? Gotta a feeling it will hold 1400 aud.
 
I don't think we'll see new lower lows in aud to warrant selling now and buying back in a month or two. Not saying they're isn't room below where we are now for gold to move into but I don't think it will be that bad when you throw in the australian dollars weak showing.

Call me an optimist but I think we might even see a little bump mid week after a day or two of sideways/lower action despite the apparently all important $1250 barrier being broken.
 
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No1joey said:
I sold last week I suggest you guys do the same I think another dip is coming buying opportunities around March-April.
Click to expand...

Wow... you are brave.... did you actually sell your physical or your paper holdings?

Nah... i don't sell my physical... I just accumulate it..... the story is too good for selling it now.... REPATRIATION is running in the background at high speed.

So where are you parking your money now?

Interesting week ahead.... take care
 
Lunardragon said:
No1joey said:
I sold last week I suggest you guys do the same I think another dip is coming buying opportunities around March-April.
Click to expand...

Whats ur punt, joey? Gotta a feeling it will hold 1400 aud.
Click to expand...

Well the x factor is the aussie dollar, but the US is posting big gains in job numbers and wage increases. Spending is up big time consumer confidence is up. All negative signs for gold.

It may change in the coming months but that drop from $1280 to $1230 was a result of that, imagine if the aussie was at 82 cents what spot would be at.

It should hold above $1400 AUD if the aussie remains weak. Just the US keeps releasing improved data and now talks about increasing the US interest rate is looking now likely in 4 months. That will hit the aussie dollar but how hard will it the US spot price?
 
trader10 said:
No1joey said:
I sold last week I suggest you guys do the same I think another dip is coming buying opportunities around March-April.
Click to expand...

Wow... you are brave.... did you actually sell your physical or your paper holdings?

Nah... i don't sell my physical... I just accumulate it..... the story is too good for selling it now.... REPATRIATION is running in the background at high speed.

So where are you parking your money now?

Interesting week ahead.... take care
Click to expand...

Sold all my physical starting up a business. I'd suggest parking it in something that will take advantage of a weak aussie dollar and strong US dollar, think companies.

US is looking stronger than I expected. Just saying be careful.
 
I still believe the doom merchants, the shadow stats site and the potential for it to all disappear in a moment. Everything is great until it's not and better a year early than a day late etc etc. That said, if you feel like some casino action, jump in. Potential big wins.
 
p.s.

Shadow Stats just now

- Upside-Bias Factor for Annual Payrolls Increased by 161,000 to 892,000
- Extreme Instability Apparent in New Headline Payrolls
- January 2015 Unemployment:5.7% (U.3), 11.3% (U.6), 23.2% (ShadowStats)
- Annual Money Supply M3 Growth Jumped to 5.3% in January, Highest Since July 2009
 
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