DiggerUK Posted October 13, 2014 Share Posted October 13, 2014 No thanks. weakerleaks you aren't, pants on fire you are. ..._ Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted October 14, 2014 Share Posted October 14, 2014 So rising US$ = oh dear? Not quite. Risking US$ = falling Oil price. Indirect correlation to gold stocks. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted October 14, 2014 Share Posted October 14, 2014 Ah, you're a spammer, then ??? No, I write about these things and c 1500 received the email. Quote Link to comment Share on other sites More sharing options...
pipllman Posted October 14, 2014 Share Posted October 14, 2014 maybe the dollar strength is coming back EURUSD and GBPUSD charts, amongst others, suggest perhaps it is a small gold short here with a target of 1192 to test my theory will not be at all surprised to get stopped out at 1245.89 though Quote Link to comment Share on other sites More sharing options...
weaker Posted October 15, 2014 Share Posted October 15, 2014 (edited) http://economictimes.indiatimes.com/markets/commodities/trade-deficit-at-18-month-high-as-gold-crude-imports-surge/articleshow/44816830.cms "[The] value of gold imports jumped five-and-a-half times to $3.7Bn in the last month" --that's 95 tonnes, folks. In September. --You think they took paper gold? Screw the WGC. Edited October 15, 2014 by weaker Quote Link to comment Share on other sites More sharing options...
Errol Posted October 15, 2014 Share Posted October 15, 2014 --that's 95 tonnes, folks. In September. The paper game can only be played so long ... Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted October 15, 2014 Share Posted October 15, 2014 Anyone know why gold has jumped up right now? Quote Link to comment Share on other sites More sharing options...
Errol Posted October 15, 2014 Share Posted October 15, 2014 (edited) Massive dollar index drop. Huge, in fact. Edited October 15, 2014 by Errol Quote Link to comment Share on other sites More sharing options...
weaker Posted October 15, 2014 Share Posted October 15, 2014 (edited) amidst the current crude oil crash, I saw this (below).. I've never seen Brent Crude go "call to deal" -- one of the most liquid markets in the world. (EDIT: back live now) Paper oil, huh? Edited October 15, 2014 by weaker Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted October 15, 2014 Share Posted October 15, 2014 Gold can rise as Oil falls as US$ rises. As I said above. Gold is in a bull mkt IF it stays above $1180. Quote Link to comment Share on other sites More sharing options...
weaker Posted October 15, 2014 Share Posted October 15, 2014 Gold can rise as Oil falls as US$ rises. As I said above. Gold is in a bull mkt IF it stays above $1180. If you were replying, to me, I don't think you got my point, but then again I would not expect it. Quote Link to comment Share on other sites More sharing options...
quibble Posted October 15, 2014 Share Posted October 15, 2014 PMs are in downtrend. Until and unless markets get above falling Resitences they are in renewed bear market Rising now after decline Gold can rise as Oil falls as US$ rises. As I said above. Gold is in a bull mkt IF it stays above $1180. Bonkers. It's in a bear market 2 days ago, now it's in a bull market because it's gone up a bit. You might as well have said "GOLD IS GOING DOWN" 2 days ago, now "GOLD IS GOING UP" today. These comments would have pretty much the same utility as the two posts above. The widespread practice for TA aficionados is to post charts. A picture is worth a thousand words and that. Start here: http://windows.microsoft.com/en-GB/windows7/products/features/paint Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted October 16, 2014 Share Posted October 16, 2014 Potentially very gold bullish Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted October 16, 2014 Share Posted October 16, 2014 Potentially very gold bullish Though for both of those, short term can not be deduced. Quote Link to comment Share on other sites More sharing options...
pipllman Posted October 16, 2014 Share Posted October 16, 2014 it went up because I had a short they were watching me! Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted October 16, 2014 Share Posted October 16, 2014 (edited) http://www.kitco.com/news/2014-10-16/CME-Group-Sets-Record-Trading-Volume-Of-39-6-Mln-Contracts-Wednesday-Up-47-Over-Previous-Level.html Shock horror, Andrew Maguire has no comment. Seems he's too busy refusing to give William Cohan permission to use the info he gave him in interview. Or is he not refusing? Will this make any difference to price of gold......no it won't. ..._ Edited October 16, 2014 by DiggerUK Quote Link to comment Share on other sites More sharing options...
Grandmasterspank Posted October 16, 2014 Share Posted October 16, 2014 I got sucked into the whole gold bug thing last year and it cost me. IMHO its a bubble. Sure, have small ℅ in balanced portfolio but it is very expensive at present - look at 30 year chart. Gold miners might be worth a punt tho. Quote Link to comment Share on other sites More sharing options...
weaker Posted October 16, 2014 Share Posted October 16, 2014 I got sucked into the whole gold bug thing last year and it cost me. IMHO its a bubble. Sure, have small ℅ in balanced portfolio but it is very expensive at present - look at 30 year chart. Gold miners might be worth a punt tho. Know WHY you own it. Oh, and make sure you do actually own it. Quote Link to comment Share on other sites More sharing options...
Grandmasterspank Posted October 16, 2014 Share Posted October 16, 2014 Wtf does that mean? Quote Link to comment Share on other sites More sharing options...
Grandmasterspank Posted October 16, 2014 Share Posted October 16, 2014 http://traderdannorcini.blogspot.co.uk Worth following this bloke in his analysis Quote Link to comment Share on other sites More sharing options...
quibble Posted October 17, 2014 Share Posted October 17, 2014 Potentially very gold bullish Though for both of those, short term can not be deduced. Thank you for the useful graph. IMO, the short term doesn't matter. Anyone who day trades gold should already be a trading/TA/etc expert already, or they'll throw away all their fiat. The future cannot be deduced - it can only be guessed at. AFAIK, an e.g. 52% right vs 48% wrong guess rate using TA would be very good; if combined with rigorous risk & loss management it might even make money after the spreads & fees, etc. Quote Link to comment Share on other sites More sharing options...
quibble Posted October 17, 2014 Share Posted October 17, 2014 http://traderdannorcini.blogspot.co.uk Worth following this bloke in his analysis Dan Norcini is closely associated with Jim Sinclair, probably one of the most ardent bugs ever. http://www.jsmineset.com/category/traderdannorcini/ If you've been listening to bugs, then you should already know about paper gold vs physical gold, china india physical gold demand, is there any gold in fort knox and so on. Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted October 17, 2014 Share Posted October 17, 2014 it's obvious that liquidity is needed to stabilise the bourses of the world. The euro saga drags on. Gold gets it's pacemaker serviced, but keeps the old battery. Anything that comes from these documents leaked to the New York Times won't cause shock horror to us. But I do love a bit of gossip now and then. http://dealbook.nytimes.com/2014/10/17/before-a-bailout-doubts-over-keeping-a-cyprus-bank-afloat/?_php=true&_type=blogs&smid=tw-share&_r=0 ..._ Quote Link to comment Share on other sites More sharing options...
weaker Posted October 17, 2014 Share Posted October 17, 2014 (edited) https://global.handelsblatt.com/edition/34/ressort/finance/article/four-german-banks-on-the-brink Handelsblatt: "Four German Banks On The Brink" mmm. nice. Oh, and a little bit of evidence that supply/demand fundamentals are indeed still at work: http://srsroccoreport.com/silver-miners-suspends-sales-35-of-production-due-to-low-prices/silver-miners-suspends-sales-35-of-production-due-to-low-prices/ SILVER MINER SUSPENDS SALES: 35% Of Production Due To Low Prices corroberated by: http://www.mineweb.com/mineweb/content/en/mineweb-silver-news?oid=256613&sn=Detail Also, on a day when the USD has done very little, (vs. EUR, JPY, GBP) and the .DJI has gone up over 200pts, the fact that gold is slightly in the positive -- is significant. The money-slosh into equities has not come from the small gold rally we had over the last couple of days. Right, it's pint time. Edited October 17, 2014 by weaker Quote Link to comment Share on other sites More sharing options...
Silverfinger Posted October 21, 2014 Share Posted October 21, 2014 I got sucked into the whole gold bug thing last year and it cost me. IMHO its a bubble. Sure, have small ℅ in balanced portfolio but it is very expensive at present - look at 30 year chart. Gold miners might be worth a punt tho. No, it is not. You are simply looking at the wrong metrics. If you look at the 30-year chart, pretty much everything looks expensive, except maybe gold. Take houses, the stock market, bus tickets, you name it. Gold is pretty cheap right now. Quote Link to comment Share on other sites More sharing options...
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