jinbal Posted December 10, 2010 Report Share Posted December 10, 2010 If the pattern repeats, yes, or maybe a slightly higher region would be retested. Will the pattern repeat? Not so sure. The pattern can't go on forever. look at the chart I'd say that if it did pull back to that region, 1200 - 1250 would provide the first region of strong support. Link to comment Share on other sites More sharing options...
sideshow Posted December 10, 2010 Report Share Posted December 10, 2010 This is an excellent webinar hosted by the CME exchange, discussing fundamentals of the gold market. It also inevitably touches upon inflation. http://at.pscdn.net/008/00102/videoplatfor...1102goldKV.html Topics include: Where are gold prices going? 1999 "Perfect Bottom" cues Current Gold Market Factors A "Perfect Top" for 2011? Q&A The analysis is excellent and broad ranging. It's also very bullish Link to comment Share on other sites More sharing options...
Pixel8r Posted December 10, 2010 Report Share Posted December 10, 2010 Does this plot indicate that a significant period (1yr?) of consolidation/correction is in order? I'm not suggesting, just asking about how you interpret this plot. Your right it does show that a year long consolidation could be possible, but I don't think that will be the case. The reason why is the continued manipulation in the price and the fact that we are moving towards the mania stage now. If you look at the chart you will see that it hasn't followed the same path as before already, in that we didn't reach the point till later. I think this was due to manipulation by the bullion banks. I truly think we are about to have a large surge which will take us through the resistance line. I am expecting us to be on a surge till around May/June then a pullback through the summer while QE3 gets debated, before another surge next winter. Link to comment Share on other sites More sharing options...
Pixel8r Posted December 10, 2010 Report Share Posted December 10, 2010 Get of your high horse pixel8r its got wooden wheels. :lol: :lol: Link to comment Share on other sites More sharing options...
tinecu Posted December 10, 2010 Report Share Posted December 10, 2010 Quite an attack on the gold price from NY open. $18 down and then a strong bounce. Still plenty of dips to buy in Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 10, 2010 Author Report Share Posted December 10, 2010 I merged the old gold threads together so they don't always get lost. I am not sure whether I found all of them, but quite a few I think. Let's hope this thread won't cause a black hole with so much gold in one place! Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 10, 2010 Author Report Share Posted December 10, 2010 Housekeeping: LAST TITLE of this thread: GOLD investment discussion / March 2008 Kick-off Gold, Silver, Property:Gold, Dow:Gold, Gold:Silver, and more Link to comment Share on other sites More sharing options...
azazel Posted December 10, 2010 Report Share Posted December 10, 2010 I merged the old gold threads together so they don't always get lost. I am not sure whether I found all of them, but quite a few I think. Let's hope this thread won't cause a black hole with so much gold in one place! You make a good case to have just one gold thread pinned. Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 10, 2010 Author Report Share Posted December 10, 2010 You make a good case to have just one gold thread pinned. I guess a discussion about the title could engulf in due course. Maybe it should just be called: GOLD Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 10, 2010 Author Report Share Posted December 10, 2010 Last title of the old Nov/Dec thread: GOLD Thread 2010 Daily news, comment and analysis on the gold market Link to comment Share on other sites More sharing options...
azazel Posted December 10, 2010 Report Share Posted December 10, 2010 I guess a discussion about the title could engulf in due course. Maybe it should just be called: GOLD Nice! 1,500,000 views. Should have done this in the begining Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 10, 2010 Author Report Share Posted December 10, 2010 Nice! 1,500,000 views. Should have done this in the begining I guess it shows that people care about the topic. Link to comment Share on other sites More sharing options...
Compounded Posted December 10, 2010 Report Share Posted December 10, 2010 I merged the old gold threads together so they don't always get lost. I am not sure whether I found all of them, but quite a few I think. Let's hope this thread won't cause a black hole with so much gold in one place! Good move, Incidentally the old HPC gold thread now has less than half the number of posts at 11,167, but slightly more views at 1,597,837 There is more interest now. Link to comment Share on other sites More sharing options...
Compounded Posted December 11, 2010 Report Share Posted December 11, 2010 And do you have any thoughts as to how far the present pullback will go ? He don't post much but I found this old one. CG March 2008 HPC gold thread After the collapse of the international monetary and banking system, with the world back on the gold standard, your savings, pension, investments, house gone, no credit available, rotting in poverty, no social security, health care or government benefits, working like a serf to earn your daily bread, what will you think when you read my warnings, how you dismissed me, ignored me, ridiculed me? Do the smart thing. Protect yourselves NOW. Link to comment Share on other sites More sharing options...
Errol Posted December 11, 2010 Report Share Posted December 11, 2010 Erm, language? Link to comment Share on other sites More sharing options...
Errol Posted December 11, 2010 Report Share Posted December 11, 2010 Presumably life-time ban coming up? Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted December 11, 2010 Report Share Posted December 11, 2010 Presumably life-time ban coming up? Is sparky mark hughes? Has He been sacked from fulham? Is rh really mohamed el fayed? Link to comment Share on other sites More sharing options...
VictorBroom Posted December 12, 2010 Report Share Posted December 12, 2010 A company makes motifs to put on your garage door (link). I like this one: Link to comment Share on other sites More sharing options...
romans holiday Posted December 13, 2010 Report Share Posted December 13, 2010 Spot on, another great post. I have total respect for those such as G0ldfinger who have clearly marked their position out in the hyperinflation camp with the back up of gold and having been incredible successful, I only wish I had educated myself earlier than and been in gold in the early days so I could build a solid position. Thanks. Go back a few years and gold was also a tough buy then. It will always seem expensive at whatever time you buy. Looking at the gold price on a chart, I don't see a parabolic rise in the price of a commodity threatening to collapse, but instead the [relatively] steady 20% yearly appreciation of an international prime currency [volatility looks to be reducing]. Perhaps looking at it this way also involves seeing through a currency-centric form of money illusion, where we're naturally habituated to the currency we use. It looks perfectly rational to me to swap some of your depreciating currency for an appreciating one... even at these seemingly crazy prices. It helps to put a decimal point in the price, so $1390 becomes 1.390 against the dollar [or whatever currency your using]. Link to comment Share on other sites More sharing options...
Pixel8r Posted December 13, 2010 Report Share Posted December 13, 2010 Thanks. Go back a few years and gold was also a tough buy then. It will always seem expensive at whatever time you buy. Looking at the gold price on a chart, I don't see a parabolic rise in the price of a commodity threatening to collapse, but instead the [relatively] steady 20% yearly appreciation of an international prime currency [volatility looks to be reducing]. Perhaps looking at it this way also involves seeing through a currency-centric form of money illusion, where we're naturally habituated to the currency we use. It looks perfectly rational to me to swap some of your depreciating currency for an appreciating one... even at these seemingly crazy prices. It helps to put a decimal point in the price, so $1390 becomes 1.390 against the dollar [or whatever currency your using]. Why is it that you can't see that the rate of increase in gold is escalating as time goes on and continue to bang on about a steady 20% rise? The LOG clearly shows that the rate is increasing. Link to comment Share on other sites More sharing options...
lyb Posted December 13, 2010 Report Share Posted December 13, 2010 @ Pixel8R Your graph is in error. It does not show for instance the collapse from 725$ to 565$ that occured in May-June 2006. See ktco.com for the data at that time. Link to comment Share on other sites More sharing options...
romans holiday Posted December 13, 2010 Report Share Posted December 13, 2010 Why is it that you can't see that the rate of increase in gold is escalating as time goes on and continue to bang on about a steady 20% rise? The LOG clearly shows that the rate is increasing. Well, I think you could be splitting hairs there. Plus, I don't see much point in drawing a trend line from the lowest point of forced liquidation in '08. Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 13, 2010 Author Report Share Posted December 13, 2010 @ Pixel8R Your graph is in error. It does not show for instance the collapse from 725$ to 565$ that occured in May-June 2006. See ktco.com for the data at that time. Neel His chart is a monthly one. The spike down and bounce up again was so quick, it can easily be ironed out on a monthly (month end) chart. http://gold.approximity.com/2006/Gold_USD_LOG.html http://gold.approximity.com/since1999/Gold_USD_LOG.html Link to comment Share on other sites More sharing options...
Sledgehead Posted December 13, 2010 Report Share Posted December 13, 2010 Not exactly the on-est of topic ques, but in my defence I did ask this yday in the PM section, so trust you'll excuse: is it okay to ask sellers to 'pop' the plastic gem cases on proof sets for means of inspection? Link to comment Share on other sites More sharing options...
warpig Posted December 13, 2010 Report Share Posted December 13, 2010 Of course, if they won't, then find someone who doesn't have a problem with it. Not exactly the on-est of topic ques, but in my defence I did ask this yday in the PM section, so trust you'll excuse: is it okay to ask sellers to 'pop' the plastic gem cases on proof sets for means of inspection? Link to comment Share on other sites More sharing options...
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