Gold will break out USD1300 tomorrow
- Thread starter leon1998
- Start date
JulieW said:
It was just pillow talk Honey. Don't let on!
2nd_Hand_Gold_Man
Member
YO
YOing Around $1270>$1285 for at least 2 weeks
i wouldnt know if its going to bust $1300 or not (i bloody hope so as i have fair bit of stock stacked ready for a upward turn on spot *it gets to $1300 us and ill cash out no worries at all ) buts i got a gut feeling its not going to hit 1300 this week...................and if it did make $1300US profit takers will knock it back down to the mid $1260ish mark pretty quick,
spot is like a yoyo on a short legnth of string up n down , realy not doing anything special
YOing Around $1270>$1285 for at least 2 weeks
i wouldnt know if its going to bust $1300 or not (i bloody hope so as i have fair bit of stock stacked ready for a upward turn on spot *it gets to $1300 us and ill cash out no worries at all ) buts i got a gut feeling its not going to hit 1300 this week...................and if it did make $1300US profit takers will knock it back down to the mid $1260ish mark pretty quick,
spot is like a yoyo on a short legnth of string up n down , realy not doing anything special
At least he's given a fundamental reason for his prediction this time
there will be a stock option expiry on this Friday, which might call for some shenanigans in the mining stocks, the next big Comex precious metals expiration will be next Wednesday the 25th.
This is for the gold June contract which could be significant.
HSBC, also known as the custodian for GLD, delivered 101,200 ounces of gold yesterday from their house account. The gold was taken up by the house accounts at Nova Scotia and JPM.
Nothing much happened with silver.
And a chunk of gold was moved, at least on the books, in the warehouses from HSBC to JPM as well.
Both the precious metals and equities are going to break up or down sometime in the next seven to ten days. At least this seems to be the case judging by the 'tension on the tape.'
Source: http://jessescrossroadscafe.blogspot.com.au/
This is for the gold June contract which could be significant.
HSBC, also known as the custodian for GLD, delivered 101,200 ounces of gold yesterday from their house account. The gold was taken up by the house accounts at Nova Scotia and JPM.
Nothing much happened with silver.
And a chunk of gold was moved, at least on the books, in the warehouses from HSBC to JPM as well.
Both the precious metals and equities are going to break up or down sometime in the next seven to ten days. At least this seems to be the case judging by the 'tension on the tape.'
Source: http://jessescrossroadscafe.blogspot.com.au/
Gold/Silver price movements so far this year, convinced me that central bankers/cartel are losing control of price rigging.
Or at least I should say, they have more important stuff to worry about; such as bond/stock markets; especially for the election year in US. I believe Federal Reserve is try to safeguard the stock market by devaluing the US dollar. Yellen is a democrat, you know
Or at least I should say, they have more important stuff to worry about; such as bond/stock markets; especially for the election year in US. I believe Federal Reserve is try to safeguard the stock market by devaluing the US dollar. Yellen is a democrat, you know
leon1998 said:Gold/Silver price movements so far this year, convinced me that central bankers/cartel are losing control of price rigging.
Or at least I should say, they have more important stuff to worry about; such as bond/stock markets; especially for the election year in US. I believe Federal Reserve is try to safeguard the stock market by devaluing the US dollar. Yellen is a democrat, you know
[youtube]http://www.youtube.com/watch?v=gcWebpqKmMQ[/youtube]
[youtube]http://www.youtube.com/watch?v=ASgaQo2qNmg[/youtube]
Looks like you're getting a big fat fail on this call leon.
http://www.kitco.com/news/2016-05-1...fter-FOMC-Minutes-Suggest-June-Rake-Hike.html
Hawkish comments, metal prices sharply down.
http://www.kitco.com/news/2016-05-1...fter-FOMC-Minutes-Suggest-June-Rake-Hike.html
Hawkish comments, metal prices sharply down.
Topherclaus
Active Member
Lol. Looking like you were exactly wrong on this one. Shame. I'm as loaded with PM's as I'm going to be so I'm ready for the moon.
H
House
Guest
H
House
Guest
What's your next call, Leon? 
Golden ChipMunk
Well-Known Member
House said:What's your next call, Leon?
Why are you calling Leon? belittling roles to goad them into responding is very troll like behaviour. Why don't you find something better to do with your time.... Newly assign Moderator???
2nd_Hand_Gold_Man
Member
DONT WORRY ABOUT BEING A LITTLE OFF ON THE $1300US SPOT PRICE LEON........IT COULD HAVE GONE 1 OF 2 WAYS,YOU WERE WRONG THIS TIME AND SOME 1 ELSE WAS RITE,
NEXT TIME YOU MAY BE RITE AND SOME ONE ELSE MAY BE WRONG............
..KEEP POSTING MATE,I LIKE SOMEONE WHO HAS A THOUGHT AND THEN GOES OUT ON A LIMB TO TELL THE WORLD,
THIS TIME YOU MISSED IT CHAMP,,,,,,,,,,,,NEXT TIME I BET YOU COME UP WITH A WINNING FORCAST....................
WE (OR I ) WELCOME YOU BACK AND POSTING ASAP
3 CHEERS FOR LEON..........AT LEAST HE TOOK A PUNT AND SAID WHAT HE THOUGHT MIGHT HAPPEN,
"There are two circumstances that lead to arrogance:
one is when you're wrong and you cant face up to it;
the other is when you're right and nobody else can face it."
BEST WISHES AND KIND REGARDS TO YOU LEON
NEXT TIME YOU MAY BE RITE AND SOME ONE ELSE MAY BE WRONG............
..KEEP POSTING MATE,I LIKE SOMEONE WHO HAS A THOUGHT AND THEN GOES OUT ON A LIMB TO TELL THE WORLD,
THIS TIME YOU MISSED IT CHAMP,,,,,,,,,,,,NEXT TIME I BET YOU COME UP WITH A WINNING FORCAST....................
WE (OR I ) WELCOME YOU BACK AND POSTING ASAP
3 CHEERS FOR LEON..........AT LEAST HE TOOK A PUNT AND SAID WHAT HE THOUGHT MIGHT HAPPEN,
"There are two circumstances that lead to arrogance:
one is when you're wrong and you cant face up to it;
the other is when you're right and nobody else can face it."
BEST WISHES AND KIND REGARDS TO YOU LEON
leon1998 said: