Election is over, now what for Gold?

Silverthorn said:
I'm already largely in so I'm not in a hurry to buy more right away. I'll be watching the aussie dollar in particularly. It could go either way but if Trump starts talking about China it call start to fall quite a bit.

http://forums.silverstackers.com/uploads/258_aud.png
Click to expand...

here's a six month chart of the aussie and he's not even in yet. should counterbalance short term negatives somewhat.

258_au6mth.png
 
Gold is $1185 USD right now. It was $100 cheaper last year. That was your buying opportunity. Now? I dunno.
I think we'll eventually see $900 gold if you wait long enough, but I was banking on that happening last year and never wanted to commit to even $1050.

Gullintanni said:
SilverDJ said:
Silverthorn said:
I figure a day or so for him to catch up with his sleep and then he will start talking about stuff and making the markets nervous. By the end of the week we should start to get an idea about how things will go.
Click to expand...

That's what I'm thinking, Calm now, but more instability to come as he starts talking again. So maybe now is the time to buy?
I see more upside than downside here.
Click to expand...
I sold some gold and silver today and will continue to do so until a big change appears.
March next year will see $1050 gold and $14 silver.
Mark my words:)
Click to expand...

Yeah, $1050 could be a decent price. I want to kick myself for not buying 4 ounces last Summer/Fall when it was that cheap and then selling half of it this August when spot was over $1300.

What I don't get is people that want to buy on an upswing of the price. If you're buying high and selling slightly higher, then that takes some amazing guess work. At that point, you're probably banking on a meager gain. You'd probably have an easier time shorting metals in the middle of all of the pointless price spikes, but, don't take my advice on paper trading anyway since I don't trade.
 
Most of gold's downside is geared not to the financial decisions of millions of investors around the globe, as the mainstream media would have you believe, but rather to linear computer algorithms geared to the dollar index. The trading part of the software has been told to automatically place trades at certain correlated price levels and that is why we get these waterfall drops. The rocket launch trajectories to the upside come when the trading function is told to buy and cover the previous shorts.

In the chart above, we are showing the percentage change in the price of gold over the past year against the percentage change in the dollar index. Our purpose is to provide a little perspective as to what is really going on in the gold market and to belay the interpretation that something has gone fundamentally wrong with gold.

Algos cannot peer around the corner. There is no rationale for their function other than what its programmers have fed into the governing equation. Thus, if the algo says sell gold when the dollar rises, it sells gold when the dollar rises. It doesn't stop to think that the dollar is rising in a milieu of crashing currencies globally and the potential consequences. It doesn't stop to consider that it will take months for the Trump administration to get a tangible, workable economic program through the Congress, and then months more for the program to have an effect on the overall economy. Such critical thinking is left to the rest of us who are not tethered to computer trading programs.

http://www.gold-eagle.com/article/little-perspective-post-election-gold-market
Click to expand...
 
Steel_Eyes said:
Gold is $1185 USD right now. It was $100 cheaper last year. That was your buying opportunity. Now? I dunno.
I think we'll eventually see $900 gold if you wait long enough, but I was banking on that happening last year and never wanted to commit to even $1050.

Gullintanni said:
SilverDJ said:
That's what I'm thinking, Calm now, but more instability to come as he starts talking again. So maybe now is the time to buy?
I see more upside than downside here.
Click to expand...
I sold some gold and silver today and will continue to do so until a big change appears.
March next year will see $1050 gold and $14 silver.
Mark my words:)
Click to expand...

Yeah, $1050 could be a decent price. I want to kick myself for not buying 4 ounces last Summer/Fall when it was that cheap and then selling half of it this August when spot was over $1300.

What I don't get is people that want to buy on an upswing of the price. If you're buying high and selling slightly higher, then that takes some amazing guess work. At that point, you're probably banking on a meager gain. You'd probably have an easier time shorting metals in the middle of all of the pointless price spikes, but, don't take my advice on paper trading anyway since I don't trade.
Click to expand...

Ouch - I was "hoping" as you do that Gold had bottomed out @ $1620 AU because it is what I wanted :/

I am not selling for any reason that I can imagine today with Gold being the ultimate insurance,but I am "curious" on how much further it might fall :(

So saying that all I have to do is wait ;)
 
@betterlatethannever: If you sell in confidence then if you are wrong then you will mange to justify it to yourself as i will.
The reasons i am selling are because i an CONFIDANT that my "guesses" will prove to be correct and i can get much more gold and silver than i already have by buying back in cheaper.
And luckily if i am wrong then i can afford to be .
It is a GAMBLE but i think i have better odds on this than say Arsenal Vs PSG:)
 
Gullintanni said:
@betterlatethannever: If you sell in confidence then if you are wrong then you will mange to justify it to yourself as i will.
The reasons i am selling are because i an CONFIDANT that my "guesses" will prove to be correct and i can get much more gold and silver than i already have by buying back in cheaper.
And luckily if i am wrong then i can afford to be .
It is a GAMBLE but i think i have better odds on this than say Arsenal Vs PSG:)
Click to expand...

I have already done that back in 2011/12 and spent the $$$$$$$$$ having none to get back in at the bottom in between now and then.

So I am happy to hold today not wanting to get into the same position as before and to be tempted to spend the $$$$$$ but fortunately I don't need the $$$$$$$ today.

So instead of picking the top as I did before (because I can read) and selling I will hold strapping my Gold to the next rocket which "should be" the biggest in history with the debt at record levels especially including Australians leading the world in debt :lol:

When the bubble bursts this time it will be humongous :lol: with plenty to see and talk about forsure :cool:
 
You must log in or register to reply here.
Back
Top