House Price Crash forum: Gold Breaks 3-Month Rule For 1St Time In 11 Years - House Price Crash forum

Jump to content

powered by
Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

Gold Breaks 3-Month Rule For 1St Time In 11 Years

#1 User is offline   Renewed Investor 

  • HPC Regular
  • PipPipPip
  • Group: Members
  • Posts: 328
  • Joined: 22-March 12

Posted 03 May 2012 - 03:28 PM

"Between March 2001 and April 2012, the price of gold never fell for 3 months in succession. So expecting "two months max" made for a great signal to buy gold on pullbacks, most recently in Jan. 2010 (your last chance below $1100) and April 2009 (last chance below $900).

That third month just never came. Until April 2012."

Link

#2 User is offline   Normski 

  • HPC Poster
  • PipPip
  • Group: Members
  • Posts: 119
  • Joined: 04-June 10

Posted 03 May 2012 - 04:35 PM

I came out of PMs (mostly silver) a little while back, with a return I was happy with.
I'm not going back in any time soon.
The gold game is a ridiculous gamble, unless you're at the top. And you're not.

#3 User is offline   Gone to Ireland. 

  • HPC Regular
  • PipPipPip
  • Group: Members
  • Posts: 886
  • Joined: 27-January 11

Posted 03 May 2012 - 04:50 PM

You get the same patten in most markets.

1, At first it grows, everyone is calling bubble and it just keeps going.
2, There is a good correction.
3, Everyone piles in because it cheaper than it was and it now looks like a good investment.
4, The price grows and surpasses the previous peak.
5, A new paradigm is called
6, The bubble grows further
7, It then pops and latecomers get burnt.

Gold is just going from stage 1 to stage 2.
Silver is in stage 2.
Stage 3 will come after Spain hits the fan.
2nd May 2012 12:00 - I am calling the London top!
In the next 12 months London will fall by >10%


http://www.estateage...le-at-over-500k
Wonder how many illegal immigrants you'd have to squeeze in there to make this a savvy investment?
Posted Image

Page 1 of 1
  • You cannot start a new topic
  • You cannot reply to this topic

1 User(s) are reading this topic
0 members, 1 guests, 0 anonymous users