Gold : Is it trending up?.

[rushifa666]

I will not say why gold will go up and up. Do your own research. Please keep paper too, it will be amusing to see your faces afterwards. If a thousand speculator die every day the world would be a better place

 

[Thick Face Black Heart]

Gold is no longer a monetary metal as it was before Nixon unplugged it in 1970.

It is still held as a form of reserve and Asian central banks accumulate it on regular basis, but it is only a tiny fraction compared to currency reserves.

Gold is a good inflation hedge, but only over the very long term.

 

[Runifyouhaveto]

If this theory is correct, Gold's big swings (up or down) will be inversely correlated to China's SSE.
Gold went up US$40 yesterday after SSE dropped 33pts (1.6%).

SSE dropped by more than 1% today again, down 1.23%

Gold/Silver is flat now. Let's see if precious metal will move up tonight.
Just discussing, please don't bet on it. hahahaha

 

[krafty]

bro, i am puzzled...why do SSE drop signal a gain in gold price?

SSE dropped by more than 1% today again, down 1.23%

Gold/Silver is flat now. Let's see if precious metal will move up tonight.
Just discussing, please don't bet on it. hahahaha

 

[Runifyouhaveto]

bro, i am puzzled...why do SSE drop signal a gain in gold price?

This don't applies all the time. By right THERE IS NO CORRELATIONS.

Theory only valid in for recent months because of China Warehouse/Port's missing metal scandals + big SSE price swings.


Gold is now +$1.70 from new york close
Silver is now +$0.01 from new york close
both flat now..............dunno theory true of not.......must wait for US night trading

don't bet on it hor. Just for discussion.

 

[krafty]

play small...i suspect there is a big conspiracy behind this gold thing.

 

[Runifyouhaveto]

play small...i suspect there is a big conspiracy behind this gold thing.

Dear Leader shorting gold now?

 

[krafty]

it should be time soon...

Dear Leader shorting gold now?

 

[lifeafter41]

it should be time soon...

After the recent strength in gold over the last few weeks, the technical indicators have turned a bit more positive. For example, the MACD indicator in gold may give a buy signal any day now (see chart below).

This is very significant from a historical perspective....

Historic Breakout & Gold Skyrocketing $700 In Just 90 Days

The last time the MACD went from a sell signal to a buy signal from such oversold levels was back in 1982. The gold market then proceeded to rally from $290/oz to roughly $500/oz in just 90 days, a staggering 70% move (see incredible 1982 rally on the left hand side of the chart below).



Today a move like that would take gold above $2000/oz in just three months, and it would barely take the MACD indicator to a neutral position. There is no question that most people cannot envision this type of move coming so it would definitely shock market participants. We are at the most oversold levels ever, by far, so an extreme move in the opposite direction is to be expected. If history is any guide, that move will be breathtaking.

 

[krafty]

with america unwinding its tapering by Oct, the more i think it's head diving...

 

[Thick Face Black Heart]

with america unwinding its tapering by Oct, the more i think it's head diving...

If economy falters, they will not taper.

 

[Runifyouhaveto]

This don't applies all the time. By right THERE IS NO CORRELATIONS.

Theory only valid in for recent months because of China Warehouse/Port's missing metal scandals + big SSE price swings.


Gold is now +$1.70 from new york close
Silver is now +$0.01 from new york close
both flat now..............dunno theory true of not.......must wait for US night trading

don't bet on it hor. Just for discussion.

Gold closed up $7 yesterday.
Silver up 8 cents.

They did go up, but not strongly. Cannot confirm on the theory.
Let's reconfirms it when SSE big drops again.

 

[krafty]

SSE is up this morning, gold is now around 1330...just shorted...:o

Gold closed up $7 yesterday.
Silver up 8 cents.

They did go up, but not strongly. Cannot confirm on the theory.
Let's reconfirms it when SSE big drops again.

 

[Equalisation]

What happened to James' finger ?

 

[po2wq]

What happened to James' finger ?

is on her majestyz secret servis ... :o

 

[Equalisation]

is on her majestyz secret servis ... :o

I thought between her thighs ? No ?

 

[po2wq]

I thought between her thighs ? No ?

shh! ... dat servis is secret! ... :o

 

[Runifyouhaveto]

SSE is up this morning, gold is now around 1330...just shorted...:o

Good brother, i respect your decision. I can't wait to re-examine the theory with you when SSE big crash again.

 

[krafty]

respect no use, i respect money made from gold more...

Good brother, i respect your decision. I can't wait to re-examine the theory with you when SSE big crash again.

 

[Runifyouhaveto]

very sorry Dear Leader,

India shorted their own currency a few times in recent months, due to incoming hot money. Now they wanna reduce gold import-duties to create some selling pressure on rupee.