bravingbangkok Posted October 9, 2008 Share Posted October 9, 2008 Gold is going to stay strong for at least 3months, I very much doubt it will dip to the lows you suggested. However I am sure we will see a huge dip once the banks have sorted themselves out, lending starts up again and there is more confidense in consumer spending. No amount of money throw at this problem is going to sort it out straight away, it will take a good few months. When will this be ? How long is a piece of string What do you think ? yes i do! Yes you do what ???? i think. not always. but quite often. oh i c, sorry a bit slow there Link to comment Share on other sites More sharing options...
Naam Posted October 9, 2008 Share Posted October 9, 2008 Gold is going to stay strong for at least 3months, I very much doubt it will dip to the lows you suggested. However I am sure we will see a huge dip once the banks have sorted themselves out, lending starts up again and there is more confidense in consumer spending. No amount of money throw at this problem is going to sort it out straight away, it will take a good few months. When will this be ? How long is a piece of string What do you think ? yes i do! Yes you do what ???? i think. not always. but quite often. oh i c, sorry a bit slow there good to see that you too possesss some humour Link to comment Share on other sites More sharing options...
lannarebirth Posted October 10, 2008 Share Posted October 10, 2008 SPX and 1oz Gold, same same today. Doesn't happen often and doesn't stay that way for very long: Link to comment Share on other sites More sharing options...
lannarebirth Posted October 12, 2008 Share Posted October 12, 2008 Link to comment Share on other sites More sharing options...
flying Posted October 12, 2008 Share Posted October 12, 2008 (edited) In your opinion do you think we will see that buy range again soon? 360-550 Thanks Edited October 12, 2008 by flying Link to comment Share on other sites More sharing options...
cloudhopper Posted October 12, 2008 Share Posted October 12, 2008 Care to amplify this analysis for us technically disadvantaged members? Link to comment Share on other sites More sharing options...
lannarebirth Posted October 13, 2008 Share Posted October 13, 2008 In your opinion do you think we will see that buy range again soon? 360-550 Thanks Historic buy signals (for gold stocks)have generally come from points above 5.50 in the Gold:XAU ratio. I was merely pointing out that it is in that range now, and in fact has never been as high as it is now. As you can see "something is different" this time, as it doesn't like to stay at these levels long. Specualting on what's different, I'd say a good portion of the carry trade levergae up trade was in precious metals, which is a standard anti dollar trade. To unwind it, may take the metal and the stocks in price areas that will break all support. Might provide an opportunity, who knows? Link to comment Share on other sites More sharing options...
churchill Posted October 13, 2008 Share Posted October 13, 2008 I think gold is going up along with a general decline in the dollar . The printing presses cannot keep up with demand for gold coins and it seems that along with Central Banks now holding onto their gold more are considering buying http://www.gulfnews.com/business/Commodities/10250412.html Link to comment Share on other sites More sharing options...
ray08 Posted October 13, 2008 Share Posted October 13, 2008 Gold is a commodity which has had a good run based on speculation, not market fundamentals, if anything gold is very overvalued , even the market cannot decide to buy or sell ,looks at the swings in gold www.kitco.com If you want to purchase physical gold either in kilo bar or 400ounce 12kg , good idea to buy what is termed a " good delivery bar" assayed and stamped from a member of the LBMA with a serial number and approved refinery logo, these are the bars you can cash in in any swiss or international bank for hard currency, if you google LBMA it will give you a wealth of info , and kitco is good for history on all metals as well as current price. IMHO " Don't touch gold " market is very unstable with no direction, long term trend over the past years have been up , but trends do end and again no fundamentals to back price Link to comment Share on other sites More sharing options...
threelegcowboy Posted February 14, 2009 Share Posted February 14, 2009 For those that think the price of gold is headed down in a big way...why not short the gold market. This can be done in a number of ways. PUT your money where your mouth is. Link to comment Share on other sites More sharing options...
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