warpig Posted August 28, 2009 Report Share Posted August 28, 2009 +1 last bull et al You sound like the politicians when oil was at $140, speculators are to blame. It's just people protecting their wealth ahead of the surge in prices expected in September. Think you are wrong expecting a drop is more likely than a rise. As I was saying earlier support is at $940 and resistance at around $965. I think we will see a strong move through $1000 in September, on our way to a target of around $1400. Could happen as soon as next week, if the FED are forced to announce which banks got the money, as the court ruled this week. Link to comment Share on other sites More sharing options...
romans holiday Posted August 28, 2009 Report Share Posted August 28, 2009 You sound like the politicians when oil was at $140, speculators are to blame. It's just people protecting their wealth ahead of the surge in prices expected in September. Think you are wrong expecting a drop is more likely than a rise. As I was saying earlier support is at $940 and resistance at around $965. I think we will see a strong move through $1000 in September, on our way to a target of around $1400. Could happen as soon as next week, if the FED are forced to announce which banks got the money, as the court ruled this week. Looking at that chart brings to mind an idea I have been toying with lately. Take those two converging lines and carry them through so you have an X pattern.... with its axis remaining on the slight incline of course [roughly represented by the 50 MDA]. Carry through also the volatility in the price, so it is very stable at the beginning and becomes more unstable and volatile as the lines diverge. The decreasing volatility in the first section of the X would represent the volatility in gold as the market tried to price it and then its stability as it was effectively monetized as a currency post QE. The increasing volatility in the second section would represent the increasing volatility of currencies not gold itself. The apparent volaltiity will be in the price as the value of currencies wax and wane as capital flows between them and the market tries to find some new level for currencies. This volatility will represent the market's attempt to price other currencies [with which gold happens to be priced]. At some point we would price gold in the stablest currency which might be Yen... or who knows, perhaps SDRs. Massive volatility in gold might not be seen again until currencies start to get into trouble which could be a year away. Notice the lower extended line on a slight decline [second section of the x pattern] would put an approximate floor of 900 under gold while the upper line [previously the lower line] on the incline would put in a higher ceiling of between 1000 and 2000 depending on how far out you drew the line [it would be a rough mirror image of the first section] The price could become hugely volatile once again, between the diverging lines, but this time reflecting currency crises. Link to comment Share on other sites More sharing options...
TrueNorth Posted August 28, 2009 Report Share Posted August 28, 2009 Turn the chart into a jpg and then use a photo programme to mirror and then flip it? Link to comment Share on other sites More sharing options...
TrueNorth Posted August 28, 2009 Report Share Posted August 28, 2009 I'll be interested to hear what Bob Hoye has to say later today on his Friday wrap-up on Howe Street. Interview is up and here: hoye 28 aug "The rebound is done." Link to comment Share on other sites More sharing options...
HPCSucks Posted August 28, 2009 Report Share Posted August 28, 2009 Interview is up and here: hoye 28 aug "The rebound is done." What does "the rebound is done" mean? Link to comment Share on other sites More sharing options...
TrueNorth Posted August 28, 2009 Report Share Posted August 28, 2009 It means that the anticipated rally, the "tradeable rally" that Bob predicted last autumn/winter, has happened and is ending. Link to comment Share on other sites More sharing options...
d2thdr Posted August 28, 2009 Report Share Posted August 28, 2009 It means that the anticipated rally, the "tradeable rally" that Bob predicted last autumn/winter, has happened and is ending. Wondering what is happening in gold market. Dr Bubb you were looking to buy gold in a downturn, do you see any change in your approach to gold now? Link to comment Share on other sites More sharing options...
HPCSucks Posted August 28, 2009 Report Share Posted August 28, 2009 It means that the anticipated rally, the "tradeable rally" that Bob predicted last autumn/winter, has happened and is ending. Gold? Link to comment Share on other sites More sharing options...
FWIW Posted August 28, 2009 Report Share Posted August 28, 2009 It means that the anticipated rally, the "tradeable rally" that Bob predicted last autumn/winter, has happened and is ending. Yeah right! Coz paper is back in fashion? Link to comment Share on other sites More sharing options...
romans holiday Posted August 29, 2009 Report Share Posted August 29, 2009 Gold? imo gold will remain strong in any sell-off in the markets. QE and currency concerns has put a good floor underneath it. Siver is much more likely to go on a ride. Link to comment Share on other sites More sharing options...
wren Posted August 29, 2009 Report Share Posted August 29, 2009 Gold? The "tradable rally" refers to stock markets. He seems to anticipate a rerun of last autumn's deleveraging. He also expects silver to drop a lot like last autumn. Here's his Friday roundup: http://howestreet.com/audiovideo/index.php...ediaplayer/1358 Link to comment Share on other sites More sharing options...
TrueNorth Posted August 29, 2009 Report Share Posted August 29, 2009 The "tradable rally" refers to stock markets. He seems to anticipate a rerun of last autumn's deleveraging. He also expects silver to drop a lot like last autumn. Exactly. Thanks. Link to comment Share on other sites More sharing options...
G0ldfinger Posted August 29, 2009 Author Report Share Posted August 29, 2009 Hey guys, could anyone provide me with links to the threads where PM ETFs get discussed, i.e. why you shouldn't really invest with them? Cheers. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted August 30, 2009 Report Share Posted August 30, 2009 nice........ A staff shows the commemorative gold and silver bullions marking the 60th anniversary of the founding of the People's Republic of China, on July 14, 2009. The commemorative bullions, which are issued by China Banknote Printing and Minting Corporation and distributed solely by China Golddeal Investment Co., Ltd, will be initially sold at the Beijing Caibai Shopping Mall on July 23, 2009. The products are divided into two series: the "Long Teng" ("Dragon Flying") and the "Feng Wu" ("Phoenix Dancing"). (Xinhua Photo) Link to comment Share on other sites More sharing options...
G0ldfinger Posted August 30, 2009 Author Report Share Posted August 30, 2009 Hey guys, could anyone provide me with links to the threads where PM ETFs get discussed, i.e. why you shouldn't really invest with them? Cheers. Any comments? Link to comment Share on other sites More sharing options...
Pixel8r Posted August 30, 2009 Report Share Posted August 30, 2009 Any comments? From what I remember there isn't a specific thread, the ETF comment has been mixed into others. Link to comment Share on other sites More sharing options...
electroweak Posted August 30, 2009 Report Share Posted August 30, 2009 Any comments? I did have a look for CGNAO's old comments on the gold thread on HPC, but it's 730 odd pages and the search function is rubbish... I'm sure he called paper gold 'fools gold', and I've got a feeling it was like december 2007 or thereabouts. I mean we do know the administrators of the COMEX warehouses are the bullion banks (HSBC, JPM etc..) so I guess they loan it out to shorters, or short with it themselves.. in effect they use your gold against you. There's also this PDF (pirates of the COMEX). You could also see GATA. Or the short history of the gold cartel below (sorry, word document) Also some compelling evidence here: silver etf isnt 100 percent real PIRATES_OF_THE_COMEX.pdf A_Short_History_of_the_Gold_Cartel.doc Link to comment Share on other sites More sharing options...
G0ldfinger Posted August 30, 2009 Author Report Share Posted August 30, 2009 I did have a look for CGNAO's old comments ... Cheers! I guess I'll also look up James Turk's stuff, and Jim Sinclair's. Maybe Ted Butler. Link to comment Share on other sites More sharing options...
Mr Pipples Posted August 30, 2009 Report Share Posted August 30, 2009 Cheers! I guess I'll also look up James Turk's stuff, and Jim Sinclair's. Maybe Ted Butler. Yep, guess if you scan through GATA, 321gold, etc. you should find a lot to read on the topic pretty fast. Link to comment Share on other sites More sharing options...
drbubb Posted August 31, 2009 Report Share Posted August 31, 2009 Wondering what is happening in gold market. Dr Bubb you were looking to buy gold in a downturn, do you see any change in your approach to gold now? I bought just two Gold coins, which was merely as a trial run. I am still waiting. If the Dollar starts a rally, it could be trouble for Gold This long triangle is going to break very soon.* Seasonally speaking, it should go higher. But we never got much of a dip in July/August, so gold could be tired. Falling stocks may hurt gold again this year, as they did last year == == *Note: Such triangles often finish with a brief "false break", and then a major move in the opposite direction Link to comment Share on other sites More sharing options...
FishingwithJesse Posted August 31, 2009 Report Share Posted August 31, 2009 *Note: Such triangles often finish with a brief "false break", and then a major move in the opposite direction For information WYCKOFF said: Spring , shakeouts Test usually accur late within the trading range and allow the maket and its dominant playes to make a definitive test of available supply befor a markup campaign will unfold. Link to comment Share on other sites More sharing options...
FishingwithJesse Posted August 31, 2009 Report Share Posted August 31, 2009 WHAT THE ! Japanese Yen +0.93% 92.7200 Link to comment Share on other sites More sharing options...
id5 Posted August 31, 2009 Report Share Posted August 31, 2009 WHAT THE ! Japanese Yen +0.93% 92.7200 Japanese election results Link to comment Share on other sites More sharing options...
kernull Posted August 31, 2009 Report Share Posted August 31, 2009 same faces huh? just wanted to point to my last view on gold: http://www.greenenergyinvestors.com/index....mp;#entry124159 regards to everybody Link to comment Share on other sites More sharing options...
warpig Posted August 31, 2009 Report Share Posted August 31, 2009 Nothing personal, but this prediction is bollocks. So my projection for gold is that it will make a low to as low as 450. same faces huh? just wanted to point to my last view on gold: http://www.greenenergyinvestors.com/index....mp;#entry124159 regards to everybody Link to comment Share on other sites More sharing options...
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