Gold's path 1200>1170>1130>1085

FYI, several online bullion dealers are running specials frequently.

Apparently, they're comfortable to sell at the current price. And that should raise your eyebrow.

;P
 
leon1998 said:
Don't be fooled by the technical analysis.

Commercial Traders are sitting on mountains of short position against gold. However, buyers are hard to find at the moment; so the defending of $1,200 seems to be a bull-trap than anything else. I am afraid much lower spot price is ahead.

:P
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I don't go in that much for TA either but there's a while big pile of people who do who are going to be buying and selling on those signals do so it does matter. I don't think TA actually signals much besides what the TA traders are going to do :)
 
I would start to buy in the second half of this year.

If you bought in the 1st half of 2014; and you all know how that went. Same as 2013.

Just when you believe this time will be different, .................surprise :P
 
I mostly bought at the end of last year. I got a few kilos of perth mint ag for $615. Good times :)
 
APMEX just sent out an e-mail highlighting that they are now selling gold at spot with free shipping. There appears to be no shortage of silver and gold in the world as there is far more available to buy (greater demand) than there are buyers.

My guess is that we will soon see a plunge in silver and gold spot prices.




.
 
Wow, they're selling gold at spot?
Hmmm, let' assume $30 is the premium per oz; that means the spot will plunge by $30 soon. I guess APMEX must have hedged their inventory; so their short position will protect the profit.

1200-30=1170

Gold's path will soon make the first step from 1200 to 1170, as I predicted. :P

mmissinglink said:
APMEX just sent out an e-mail highlighting that they are now selling gold at spot with free shipping. There appears to be no shortage of silver and gold in the world as there is far more available to buy (greater demand) than there are buyers.

My guess is that we will soon see a plunge in silver and gold spot prices.




.
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mmissinglink said:
APMEX just sent out an e-mail highlighting that they are now selling gold at spot with free shipping. There appears to be no shortage of silver and gold in the world as there is far more available to buy (greater demand) than there are buyers.

My guess is that we will soon see a plunge in silver and gold spot prices.

.
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Curious what gold Apmex is selling at spot? I just sold them 200 1oz silver Canadian Timberwolves Tuesday, so they are still buying coins.
 
leon1998 said:
Wow, they're selling gold at spot?
Hmmm, let' assume $30 is the premium per oz; that means the spot will plunge by $30 soon. I guess APMEX must have hedged their inventory; so their short position will protect the profit.

1200-30=1170

Gold's path will soon make the first step from 1200 to 1170, as I predicted. :P

mmissinglink said:
APMEX just sent out an e-mail highlighting that they are now selling gold at spot with free shipping. There appears to be no shortage of silver and gold in the world as there is far more available to buy (greater demand) than there are buyers.

My guess is that we will soon see a plunge in silver and gold spot prices.




.
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Click to expand...

Not saying that apmex don't know their stuff but if they knew enough about the market to predict it with that sort of certainty then they wouldn't need to make money in retail on small premiums on physical.
 
I started to notice that from a year ago; whenever apmex ran attractive specials, price smackdown followed few days later. Statistically, about 80% probability.

Wow, they were good; and they still are. :P

Not saying that apmex don't know their stuff but if they knew enough about the market to predict it with that sort of certainty then they wouldn't need to make money in retail on small premiums on physical.
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leon1998 said:
Wow, they're selling gold at spot?
Hmmm, let' assume $30 is the premium per oz; that means the spot will plunge by $30 soon. I guess APMEX must have hedged their inventory; so their short position will protect the profit.

1200-30=1170

Gold's path will soon make the first step from 1200 to 1170, as I predicted. :P

mmissinglink said:
APMEX just sent out an e-mail highlighting that they are now selling gold at spot with free shipping. There appears to be no shortage of silver and gold in the world as there is far more available to buy (greater demand) than there are buyers.

My guess is that we will soon see a plunge in silver and gold spot prices.




.
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Click to expand...


lets see it then, this level has held strong.. 1193 and pop back up.. this might signal an official triple bottom for mine :)

We shall see tonight but gold is holding very strong for the deflationary environment we are in.. if it falls under this vital support i doubt it will stop before 1155

1for1
 
That's why apmex was running that spot special. They knew prices would tumble! Damn apmex sale !
 
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