The Masked Tulip Posted April 22, 2014 Share Posted April 22, 2014 Gold broke below its March 31st low today - made a lower low. The dollar is about to start a rally of 4 to 8 weeks during which we will see gold make new lows. The question now is what happens the rest of this week with gold - whether by Friday it has broken below 1240 or whether it manages to stay above 1260. If it stays above 1260 you have a slim chance of the yearly summer low not breaking below 1180 but if it crashes through 1240 this week then we should see 1180 broken during early summer and much bigger lows to come. The Fed wants stocks up for next week's taper meeting. Fed wants higher highs in the Dow and Nasdaq and lowers lows in gold so that the taper can continue. Quote Link to comment Share on other sites More sharing options...
buyerbeware Posted April 23, 2014 Share Posted April 23, 2014 I have capitulated and am utterly demoralized. I fear the masked pervert is correct. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted April 23, 2014 Share Posted April 23, 2014 I have capitulated and am utterly demoralized. I fear the masked pervert is correct. Yet it can still be merely a retest of 1250/75 as I said a few days ago. Until it breaks that and sticks nothing has changed. Normally inappropriate to prejudge a market. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted April 23, 2014 Share Posted April 23, 2014 This is in play until disproven by price. If proves then targets 38 on GDX which equates to probably 1450 Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted April 24, 2014 Share Posted April 24, 2014 I have capitulated and am utterly demoralized. I fear the masked pervert is correct. Surely the whole thing is an economic and Geo political play. It's hardly surprising things have gone badly in the last couple of weeks...most of the advanced economies are in the grip of price deflation with the commodities super cycle still going in the wrong direction and Ukraine is looking a bit more innocuous than it did a fortnight ago. A Molotov cocktail or two in the Ukrainian east and a panic over oil security and you can be sure that gold will recover. Quote Link to comment Share on other sites More sharing options...
Frank Hovis Posted April 24, 2014 Share Posted April 24, 2014 I have capitulated and am utterly demoralized. I fear the masked pervert is correct. I'm not being contrarian but having thought gold was a mugs' game for a long time I'm about to start buying on the basis it's a reasonable long term bet for some of my cash. I've held a lot of my investments for 20+ years so I'm not after a fast buck. Quote Link to comment Share on other sites More sharing options...
Errol Posted April 24, 2014 Share Posted April 24, 2014 I'm not being contrarian but having thought gold was a mugs' game for a long time I'm about to start buying on the basis it's a reasonable long term bet for some of my cash. I've held a lot of my investments for 20+ years so I'm not after a fast buck. If you don't have any already, it's sensible to put 5-10% of assets into precious metals anyway, regardless of the investment environment. Quote Link to comment Share on other sites More sharing options...
Frank Hovis Posted April 24, 2014 Share Posted April 24, 2014 If you don't have any already, it's sensible to put 5-10% of assets into precious metals anyway, regardless of the investment environment. Agreed for a 5% holding but "buy low" applies to gold as much as any other investment. I wasn't going to touch it above $1500. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted April 24, 2014 Share Posted April 24, 2014 After silver hit below 19 that was likely the last flush out before massive rally, s an g and miners on for an excellent buy reversal. Not confirmed yet but the shape in the chart y'day looks proven. Will know probably by end of day and likely by end of tomorrow. Reward to risk at this point : high Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted April 26, 2014 Share Posted April 26, 2014 (edited) And gdxj up c 5% since last post <2 US trading days ago. G above 1300. Looking positive. If last week was the retest, rally should be explosive. If equities at risk here - as they clearly are - g could well be store of wealth this year. Edited April 26, 2014 by Killer Bunny Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted April 29, 2014 Share Posted April 29, 2014 We can make all sort of calls on the gold price based on perceived supply and demand, but in reality the whole thing has been tracking the sentiment over Ukriane these past few weeks. Apparently the West's new sanctions against Russia, considered to be not too hot (to provoke) or too cold ( to be ineffective) is the reason gold has again dipped in the last 24 hours as Markets bet on a localised conflict. Could all change though.......... Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted April 29, 2014 Share Posted April 29, 2014 We can make all sort of calls on the gold price based on perceived supply and demand, but in reality the whole thing has been tracking the sentiment over Ukriane these past few weeks. Apparently the West's new sanctions against Russia, considered to be not too hot (to provoke) or too cold ( to be ineffective) is the reason gold has again dipped in the last 24 hours as Markets bet on a localised conflict. Could all change though.......... Seems to me it's been more about whether or not S&P was rising. ie doing the opposite. Whatever... I've come to the view the Why is less important than the What is happening to price. G&S are holding support. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 29, 2014 Share Posted April 29, 2014 Surely the whole thing is an economic and Geo political play. It's hardly surprising things have gone badly in the last couple of weeks...most of the advanced economies are in the grip of price deflation with the commodities super cycle still going in the wrong direction and Ukraine is looking a bit more innocuous than it did a fortnight ago. A Molotov cocktail or two in the Ukrainian east and a panic over oil security and you can be sure that gold will recover. Yep, gold, silver and oil are all being driven by the Ukraine now. When it looks like peace in our time the commodities immediately resume their downtrend. The moment the slightest hint of Russia upping the stakes and the precious metals soar... so, at the moment, the price of PMs is driven by Putin and what he decides to do. I think the problem for gold/silver comes the moment the crisis in the Ukraine is over - when that happens I think we will be waterfalling to the lows I mentioned several times over recent weeks. Of course, it is all a coin toss at the moment - it could be war any minute now and then gold will simply go into orbit. Flightradar is interesting in recent weeks - the Russians are sending all sorts of heavy non-military aircraft towards the West. Probing. Playing games. Throw in all the military stuff that is flying around and it is partying on like it is 1989 again. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 29, 2014 Share Posted April 29, 2014 I'm not being contrarian but having thought gold was a mugs' game for a long time I'm about to start buying on the basis it's a reasonable long term bet for some of my cash. I've held a lot of my investments for 20+ years so I'm not after a fast buck. The Ukraine aside - see previous post - the lows in gold and silver are probably due around mid to late June. Might be the end of May but most likey mid Summer. As mentioned earlier, the Ukraine is the unknown. Last Friday afternoon gold was trending down nicely and, wham, the news broke of a helicopter being blown up and renewed fighting and, within minutes, the DOW and NASQUACK had turned and headed south and gold/silver shot up. Now, again today, reports out of NATO that Russian build-up is still continuing and more fighting is happened... and gold/silver just turned around and spiked. Putin is playing an interesting game of bluff I think - he has spend a few days at his 'spiritual home' contemplating apparently. If he plays the wrong move here it could be his head on the block 6 months down the line. I think he will take the West to the edge though. Quote Link to comment Share on other sites More sharing options...
Errol Posted April 29, 2014 Share Posted April 29, 2014 (edited) DEUTSCHE BANK SAID TO BE UNABLE TO FIND BUYER FOR GOLD SEAT DEUTSCHE BANK RESIGNS SEAT ON GOLD, SILVER FIX, GIVES TWO WEEKS NOTICE - SOURCE http://www.zerohedge.com/news/2014-04-29/gold-fix-manipulation-crackdown-deutsche-officially-resigns-london-fix-seat -- Can I buy it? I've always wanted a gold seat. Edited April 29, 2014 by Errol Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 29, 2014 Share Posted April 29, 2014 DEUTSCHE BANK SAID TO BE UNABLE TO FIND BUYER FOR GOLD SEAT DEUTSCHE BANK RESIGNS SEAT ON GOLD, SILVER FIX, GIVES TWO WEEKS NOTICE - SOURCE http://www.zerohedge.com/news/2014-04-29/gold-fix-manipulation-crackdown-deutsche-officially-resigns-london-fix-seat -- Can I buy it? I've always wanted a gold seat. It probably comes with a gold chain as well? Quote Link to comment Share on other sites More sharing options...
Errol Posted April 30, 2014 Share Posted April 30, 2014 (edited) Barclays' New U.S Chief Joe Gold Has The Best Banker Name Ever Barclays has appointed Joe Gold to take over as head of the bank's American operations as part of a major shake-up.Gold will move up from being global head of client capital management to take over from Hugh (Skip) McGee III as CEO of Barclays Americas from May 1, and will focus on getting the bank up to speed with new regulations. http://www.huffingtonpost.co.uk/2014/04/29/barclays-america-joe-gold-skip-mcgee_n_5232610.html Edited April 30, 2014 by Errol Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted May 3, 2014 Share Posted May 3, 2014 http://www.investing.com/news/commodities-news/gold-shoots-up-on-ukraine-jitters,-looks-past-robust-u.s.-jobs-data-281634 Proably the worst day of the Ukranian crisis yesterday...and guess what....not rocket science is it. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted May 3, 2014 Share Posted May 3, 2014 I'm pretty sure the gold market could care less about Ukraine. It seems to be, at the moment, whether or not S&P going to rise. PMs will do the opposite. BTW - S&P looks bad for 2014. Anyway the why is immaterial. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted May 5, 2014 Share Posted May 5, 2014 (edited) http://www.investing.com/news/commodities-news/gold-shoots-up-on-ukraine-jitters,-looks-past-robust-u.s.-jobs-data-281634 Proably the worst day of the Ukranian crisis yesterday...and guess what....not rocket science is it. Nice bounce off demand (blue area) thats all following Fridays NFP Edited May 5, 2014 by aSecureTenant Quote Link to comment Share on other sites More sharing options...
R K Posted May 5, 2014 Share Posted May 5, 2014 Very low volatility = very obviously ZERO impact on the gold price from the war in Eastern Europe. Clear pattern of lower highs, lower lows continuing from Sept '11. nothing to see here......buy dollars. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted May 5, 2014 Share Posted May 5, 2014 Very low volatility = very obviously ZERO impact on the gold price from the war in Eastern Europe. Clear pattern of lower highs, lower lows continuing from Sept '11. nothing to see here......buy dollars. What people don't seem to realise is that 'the pro's' sell into buying pressure and buy into selling pressure, the 'pressure' being induced artificially if need be. A 'Gold Rockets' headline is more likely to get me shorting. Quote Link to comment Share on other sites More sharing options...
JPJPJP Posted May 5, 2014 Share Posted May 5, 2014 I am just watching. No position for me until there is a bit more volatility. Quote Link to comment Share on other sites More sharing options...
Errol Posted May 6, 2014 Share Posted May 6, 2014 (edited) lol? And The First Thing Ukraine Will Buy With IMF Money Is... Kiev will use the first portion of the International Monetary Fund (IMF) loan for augmenting its gold and currency reserves http://www.zerohedge.com/news/2014-05-06/and-first-thing-ukraine-will-buy-imf-money Edited May 6, 2014 by Errol Quote Link to comment Share on other sites More sharing options...
weaker Posted May 8, 2014 Share Posted May 8, 2014 (edited) lol? And The First Thing Ukraine Will Buy With IMF Money Is... Kiev will use the first portion of the International Monetary Fund (IMF) loan for augmenting its gold and currency reserves http://www.zerohedge.com/news/2014-05-06/and-first-thing-ukraine-will-buy-imf-money That is surprising, since it is one of the stated aims of the IMF to reduce the monetary role of gold. I had to go to my hardcopy Encyclopaedia Britannica to dig this out.. It's notably suspicious that you won't find this info *anywhere* on the web: Britannica, 15th ed.: IMF entry, para. 2: "Members [of the IMF] are pledged to orderly currency exchange arrangements, a reduction in the role of gold in internatonal monetary transactions, and expansion of the Fund's capability to carry out its original goals." Edited May 8, 2014 by weaker Quote Link to comment Share on other sites More sharing options...
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