Gold pops on FOMC, will drop later

Just thought I would revive this post by House...

House said:

Thought I would add the $12 soon prediction on 1/16/2016
http://forums.silverstackers.com/topic-71213-we-re-going-to-see-us12-silver-soon.html

I looked at 18 predictions (defined time and amount) and he was right on 4.
 
4 out of 18? :lol: you may now join the list of Leon detractors. Silversearcher, how do you feel about Leon's fail ratio?
 
The experts use multiple identities for predictions: some bullish and some bearish. Then in a few months or years they abandon the ones with failed predictions and everyone hails the successful identity as a market guru. You then write a book and get to be called a legend on SilverDoctors.
 
14335_prediction.jpg
 
SpacePete said:
The experts use multiple identities for predictions: some bullish and some bearish. Then in a few months or years they abandon the ones with failed predictions and everyone hails the successful identity as a market guru. You then write a book and get to be called a legend on SilverDoctors.

KWN pleeaase.
 
hmm... looks like theres a little bit of validity to the move downward. I'm glad I got out of the bull. The bear is out in force!
 
leon1998 said:
As I am writing, GLD fell to 126.6 now.

In the money :lol:

leon1998 said:
re-opened a short position on GLD @127.2

:P

pop-and-drop, pump-and-dump


That's not a lot of money. If you are going to do gold up and down, how come you don't use efts like JNUG/JDST and NUGT, etc?
 
Those miners are heavily manipulated; and there is no COT reports to look at.

GLD tracks gold price; and paper gold is vulnerable and theoretically can go to zero :P

Silverpv said:
leon1998 said:
As I am writing, GLD fell to 126.6 now.

In the money :lol:

leon1998 said:
re-opened a short position on GLD @127.2

:P

pop-and-drop, pump-and-dump


That's not a lot of money. If you are going to do gold up and down, how come you don't use efts like JNUG/JDST and NUGT, etc?
 
Hi Everyone,

It's been a couple of years since I posted ... I have started to seriously consider adding some more physical gold to my personal stack and I would be grateful for some advice.

Yesterday, I rang Perth Mint and was quoted $1771.05 plus $17.50 postage and today it appears to be $1752 (1oz bar).

Today, I happened to read something online about the sudden overnight drop in the gold price. Some kind of sell off?

According to the PM website the current px is $US1331.10...so...

*QUESTION* - Should I go ahead with my plan of buying 1 oz every week or so (for as long as I can)?

OR is the $1331.10 a break suggesting a //REVERSAL// in the recent bull market run up?

In March 2016 there was the GOLDEN CROSS - in one of the Ainslie newsletters it was suggested that this set the scene for the next bull market.

Many thanks... :)
 
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