Next week is an opportunity to SHORT gold

leon1998 said:
Another face slapping day for gold bugs.

Smackdown, from now on, all the way below 1,300 usd/oz :lol:
Click to expand...

Face slap? No. Hope you're out of your short. But I am starting to realise why other people seem to think you're a dick. You talk like a 16 year old who's never had a girlfriend.

Less hubris would work in your favour
 
OK,

I guess before the 21st September 2016 it's still good to buy Gold

Here's the backing from Technical analysis chart:
IuXqNC4L
 
Nice chart masmas.

The red lines are forming up the "flag" pattern (consolidation) I mentioned in the other thread. With the blue support line crossing over not long before the date for the Sept FOMC meeting it looks like a very important setup from a technical perspective.

Just need to beware of a potential ambush. Never underestimate the central bankers ability to surprise the market when they want to....

But, I agree. If we get no rate rise in Sept and a bounce off one of those lines of support it should be a decent buy signal.
 
BuggedOut said:
Nice chart masmas.

The red lines are forming up the "flag" pattern (consolidation) I mentioned in the other thread. With the blue support line crossing over not long before the date for the Sept FOMC meeting it looks like a very important setup from a technical perspective.

Just need to beware of a potential ambush. Never underestimate the central bankers ability to surprise the market when they want to....

But, I agree. If we get no rate rise in Sept and a bounce off one of those lines of support it should be a decent buy signal.
Click to expand...

Thanks BuggedOut,

I'm trying to learn about Technical Analysis so that I can understand the market movement before buying.

Last month I was able to buy some Gold while it was AUD$ 1750 per Oz.

gold_30_day_o_b_aud.png

Source: http://goldprice.org/

So I'm keen to buy this week or next to prepare before 21st September :| hopefully it is the right move.
 
Will silver go up 13c on opening or down by 55c?
This is a serious question, if you can't be specific just up or down would do too :)
 
BulkCoins15 said:
Last week, I drew up a chart to show how my itchy left lower leg was instrumental in gold going up in spot price.

Yesterday, I felt like scratching off a piece of toenail from from second toe ( left side ), so I'm certain next week gold will continue to rise .....
Click to expand...

:rolleyes: BulkCoins15,

So how did you know that Gold price will be higher next month ?
 
masmas said:
BulkCoins15 said:
Last week, I drew up a chart to show how my itchy left lower leg was instrumental in gold going up in spot price.

Yesterday, I felt like scratching off a piece of toenail from from second toe ( left side ), so I'm certain next week gold will continue to rise .....
Click to expand...

:rolleyes: BulkCoins15,

So how did you know that Gold price will be higher next month ?
Click to expand...
He has a subscription to SilverStackers Ultra.
 
masmas said:
BulkCoins15 said:
Last week, I drew up a chart to show how my itchy left lower leg was instrumental in gold going up in spot price.

Yesterday, I felt like scratching off a piece of toenail from from second toe ( left side ), so I'm certain next week gold will continue to rise .....
Click to expand...

:rolleyes: BulkCoins15,

So how did you know that Gold price will be higher next month ?
Click to expand...
he probably just sold some lol
 
My trading system showed a signal that gold might challenge 1,350 usd/oz again.

I plan to re-start my short position when that happens ;)
 
BulkCoins15 said:
With what ? Monopoly Money ?

You never say HOW MUCH you are playing with.

Without evidence, I recon it's your 'lunch money' ....
Click to expand...

It's well established now that leon1998 is just a kid and doesn't really short anything.
I doubt he is even old enough to have a trading account, which is lucky for him otherwise he would be broke. It's best to just let the kid be.
 
My opinion at this stage is that gold will move to 1470 - then blow off and correct into Xmas so ill be rebalancing my portfolio to raise cash when that price is approaching.

10% max for big companies
3% min for small
 
It is not always this way, but at this time at least the precious metals seem to be price driven by the forex traders, who care not a whit about supply and demand.

That is setting up a real witches brew of malinvestment, because they are attempting to sustain the unsustainable with increasing use of force of leverage and market dominance.

Sometimes you just have to let someone have their way, and try to stay out of the blast radius when the inevitable reckoning comes and hard reality intrudes on their dreams of fame, vindication, and conquest. Even when it is apparent to most that it is beyond all rational expectations.

I am sure you are familiar with that axiom from your experience at work, especially if you have worked at a large organization staffed with 'very serious people' at the top.

I am not sure how far the monetary blast radius will extend, but it will almost certainly be fairly impressive.

http://jessescrossroadscafe.blogspot.com.au/
Click to expand...
 
I bought a gold 1oz coin late on Wednesday, which must have sent the price up through increased demand.

The market recovered from my purchase late yesterday and is settling down again, so I expect the price to fall a little further.
 
You must log in or register to reply here.
Back
Top