Next week is an opportunity to SHORT gold

SilverSanchez said:
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
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I guess after the US debate the Gold price might be going up again.

26 September could be a major turning point in this month, because it is when the first presidential debate takes place. While I don't know how the debate will turn out, I do think that the outcome could be surprisingly favorable to Trump. If this is the result, the polls could tighten dramatically.

Therefore this month is the right time to buy Gold bullion :rolleyes:

cmiiw.
 
Looks like Leon's original call was right, but he left room both ways. lol.

I'm down a buck now but we'll see next week Sept 21. Economy sucks too much to be as good as the fed report says it is. Thinking about doubling down if it continues to head down more.
 
Looking at the below graph, it seems that whenever there is US economic meeting or conference, it suppress down the price significantly. :mad:

YhfRwII.png


The small flag circle is the date for some USA economic indicator meeting.

cmiiw.
 
According to the Master of the Market we should still be short :)

Hope you got out with a little profit Leon

Tooo LEON

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I predict that Gold price will remain bearish or subdued due to to the Feds being politically involved in the game.

This is the back date trends I have analyzed so far:

MM20161017_a-lg-1.jpg


As you can see from the above chart, the trend since 2011 is bearish, while the below is what I think it will be in the next few months ahead.

WhRrN3m.png


Moreover, Gold price is subject to the manipulated by the elite bankers as described in this article. :mad:
http://www.gold-eagle.com/article/gold-manipulators-will-be-punished
 
Can you back that up with some fundamental analysis as to why the gold price will go lower? Or are you just going off the charts?
 
BuggedOut said:
Can you back that up with some fundamental analysis as to why the gold price will go lower? Or are you just going off the charts?
Click to expand...
Fundamental analysis will tell you SFA about gold-price direction - that is why there are now so many "long-term investors" {cough, cough} in physical PM's.
 
masmas said:
I predict that Gold price will remain bearish or subdued due to to the Feds being politically involved in the game.
Click to expand...

Crikey, the first is a monthly chart, the price is high up in the falling wedge you've drawn, and yet you're already assuming the price will trend towards the lower edge. Falling wedges are sometimes broken to the upside.
You're drawing in a head and shoulders on a weekly that hasn't even made a right shoulder yet.
It's wild speculation.
 
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