drbubb Posted October 21, 2013 Report Share Posted October 21, 2013 I am watching GOLD-$1365 - that may be a key resistance level That's a little less than GLD-$132 Link to comment Share on other sites More sharing options...
frizzers Posted October 23, 2013 Report Share Posted October 23, 2013 No I do Have just signed up to stock charts. Have you automated those buy and sell signal arrows you use? If so how do you do that? Cheers No I do it manually Link to comment Share on other sites More sharing options...
Van Posted October 23, 2013 Report Share Posted October 23, 2013 Nice summary of the bigger picture here from CC: http://moneyweek.com/whats-next-for-gold/ I happen to agree with this, and I will continue to be quick to bag profits on the sign of a correction, until we re-establish a long term uptrend. Link to comment Share on other sites More sharing options...
notanewmember Posted October 23, 2013 Report Share Posted October 23, 2013 I'll shout from the roof tops when to buy gold (much more than 10% of your net worth). But the time is not now. Link to comment Share on other sites More sharing options...
Gatesy Posted October 23, 2013 Report Share Posted October 23, 2013 No I do it manually Thanks. Link to comment Share on other sites More sharing options...
rigger Posted October 23, 2013 Report Share Posted October 23, 2013 http://seekingalpha....rce=google_news 'The World Gold Council recently published Q2's Demand and Supply Statistics, detailing supplier and demand sources. Year over year technology is up 1%, jewelry is up 40%, central bank demand is down -57% and investor demand down a whopping -402%. The cost of gold The cost of gold isn't the spot price found on Bloomberg. It takes money and resources to get gold out of the ground and to market. That cost is around $1200-1300 and ounce. The all-in cost of gold can be found by examining a few domestic mining companies' 10-Qs: McEwen Mining INc (MUX), Allied Nevada Gold Corp (ANV), and Newmont Mining Corp. We found the all-in cost of gold was on average $1261 for the 6 months ending in June 2013. The all-in costs include direct and indirect costs attributable per ounce. Putting it all together An intelligent investor can deduce that we are likely at the end of the business cycle for the gold industry and it could be a great time to invest evidenced by the following: 1) Speculative demand is low (investor, central banks). The feedback loop has silenced leaving a clear view of what the commodity is actually worth in real demand. 2) Functional demand is healthy (jewelry, technology). 3) The average cost of gold is roughly equal to its spot price. This suggests that many mining operations are insolvent and will shut down their operations, thus consolidating the industry. 4) Post-bubbles are the best time to invest. Investing in a stock, instead of the commodity directly, can produce steady dividends and provide fundamental measures. Newmont Mining Corp has been publicly traded since the mid-80s and has a long history of operational strength. It currently pays over a 3% dividend, trading at 1.15x to net tangible book value and has a strong outlook for the future. A look at NEM's financials Newmont wrote down over $2 billion in impairments due to the drop in gold prices during the second quarter. This impairment took about a 10% bite from the company's Property, Plant and Mine Development asset on the balance sheet, causing a downshift in the company's overall book value. The 10-Q breaks down the impairment by showing new assumptions for variables in a discount cash flow (DCF) analysis of mine development. The big assumption change used in the DCF analysis was a decrease in the assumption of gold prices to $1400 an ounce. Therefore, the balance sheet's asset values for Property Plant and Mine Development is being based on an assumption of $1400 an ounce. Even though spot prices are lower, we think $1400 is a healthy assumption looking forward. Newmont did post a huge loss on its income statement for 2nd quarter 2013. The impairment used to write down its asset holdings is also deducted from income as a non-cash expense. This amount then gets to be deducted from taxable income even though no actual dollars are lost, only value. A look at the company's statement of cash flows for Q2 shows this non-cash adjustment being added back to operation cash. The net effect from this, along with depreciation and changes in operating activities, leaves the company with a positive cash flow from operational activities, even though the price of the commodity is at 3 year lows. These types of adjustments are normal accounting activities and are transparent on its fillings with the SEC. The adjustments illustrate a downshift in the industry as a whole more so than a downshift in the company's operations and performance. At the end of the day, Newmont has productive proven mines, operational experience, and low cost (as an industry comparison) cost of revenues.' Stocks looking good..... Link to comment Share on other sites More sharing options...
Jake Posted October 24, 2013 Report Share Posted October 24, 2013 Nice summary of the bigger picture here from CC: http://moneyweek.com/whats-next-for-gold/ I happen to agree with this, and I will continue to be quick to bag profits on the sign of a correction, until we re-establish a long term uptrend. Weren't you "itching to buy" at 1255? Recent lows may have been a good time to "scratch". I suspect Dom's article "had" to have been written for the Monetweek masses rather than from his gut. Link to comment Share on other sites More sharing options...
Jake Posted October 24, 2013 Report Share Posted October 24, 2013 Central banks buying -57% and investor demand down 400% Probably a good time to buy. Link to comment Share on other sites More sharing options...
Jake Posted October 24, 2013 Report Share Posted October 24, 2013 A physical oz in Japan costs the equivalent of 1534 USD. That's a hefty 163 dollar premium when compared to buying in the US/UK. Suppose that's Abenomics at work for you. Link to comment Share on other sites More sharing options...
drbubb Posted October 24, 2013 Report Share Posted October 24, 2013 I am watching GOLD-$1365 - that may be a key resistance level That's a little less than GLD-$132 Dominic has the same number, more-or-less: Gold is currently enjoying a mini-surge. The implication of the above chart is that said surge will fizzle out when gold reaches that 144-DMA, currently at $1,367 and falling > continues: http://moneyweek.com/whats-next-for-gold/ Link to comment Share on other sites More sharing options...
Van Posted October 24, 2013 Report Share Posted October 24, 2013 Weren't you "itching to buy" at 1255? Recent lows may have been a good time to "scratch". I suspect Dom's article "had" to have been written for the Monetweek masses rather than from his gut. I luckily went long a small amount right at the bottom around 1255, rode it up, got my stop taken out at in the mini-correction @1311, but I also held silver and managed to catch the most recent highs. however in doing so I found myself slipping back into old bad habits and breaking my own trading rules, part of the reason I'm on a self-imposed break. I know that if I carry on like that I'm going to completely wipe out my account sooner or later - probably sooner. Link to comment Share on other sites More sharing options...
notanewmember Posted October 24, 2013 Report Share Posted October 24, 2013 I can't see any reasons to be trading in any commodities long or short for that matter. To break out of this box, the CRB (commodities index) needs to clear above 330. And to look for shorts, CRB to break a new low below 270. Link to comment Share on other sites More sharing options...
Perishabull Posted October 27, 2013 Report Share Posted October 27, 2013 Chart from 10th September; Link to comment Share on other sites More sharing options...
Perishabull Posted October 27, 2013 Report Share Posted October 27, 2013 Interesting charts from Silver seek -http://www.silverseek.com/article/don’t-miss-out-these-important-charts-12615 Link to comment Share on other sites More sharing options...
Van Posted October 28, 2013 Report Share Posted October 28, 2013 HOD has been $1362, right on the 144dma. Will it have another attempt? Link to comment Share on other sites More sharing options...
notanewmember Posted October 31, 2013 Report Share Posted October 31, 2013 I've got to be boring but it needs to make a new two year high for the action to begin. That's closing significantly above $1800 at this point in time. Link to comment Share on other sites More sharing options...
Traineeinvestor Posted November 3, 2013 Report Share Posted November 3, 2013 An interesting piece of speculation from a Forbes columnist: http://www.forbes.com/sites/cedricmuhammad/2013/11/01/the-worlds-next-gold-standard-will-come-through-china-and-africa-not-america/ "I believe by this decade’s end we’ll see a gold-backed currency in Africa in one of three ways- through a common market optimal currency area; a series of regional parallel currency regimes which will lead to single currency; or through a local gold-backed currency which becomes so attractive in a multi-currency environment that it compels regional and continental embrace." Link to comment Share on other sites More sharing options...
Van Posted November 9, 2013 Report Share Posted November 9, 2013 Leading turnaround sign? GDX & GDXJ actually rallied and managed to finish +ve. Link to comment Share on other sites More sharing options...
drbubb Posted November 9, 2013 Report Share Posted November 9, 2013 Leading turnaround sign? GDX & GDXJ actually rallied and managed to finish +ve. Great Point ! I am watching THIS chart - GLD and the 326week MA (a Fibo number btw): GLD versus CRB ... update Falling CRB = Impact of lower Oil prices ? Link to comment Share on other sites More sharing options...
JIMBOWEN27 Posted November 13, 2013 Report Share Posted November 13, 2013 The real state of global gold demand - and Eric Sprott's letter to the World Gold Councilhttp://commodityshares.net/world-gold-supply-and-demand/ Link to comment Share on other sites More sharing options...
Traineeinvestor Posted November 14, 2013 Report Share Posted November 14, 2013 COMEX gold inventory decline: http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX%20WAREHOUSES%20REGISTERED%20GOLD&etfcode=COMEX%20WAREHOUSES%20REGISTERED&etfcodecom=GOLD Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 18, 2013 Author Report Share Posted November 18, 2013 http://gold.approximity.com/gold_charts.html Chart of the month (November 2013)For a long time our Gold-Silver-Watch page has featured two charts of the Dow-Jones-to-Gold- Ratio: our own, and DrBubb's (a.k.a. Michael Hampton). With the Dow making new highs, it is time to review them again. DrBubb's target area had been hit in 2011 with a low below 6:1, and the DJIA:Gold-ratio has since almost returned to the grey trend line Bubb suggested. This was a fairly precise call, to say the least. So, will it move beyond, and then make new highs? Over the medium term, we don't think so. While Bubb's call was precise until now, we expect history to repeat itself, at least we expect it to rhyme. As in 1976, we might cross the grey trend line, but a swift crash could follow due, pushing the ratio towards our own target are at or below the 1:1-level. As always in finance, there is no guarantee for anything, but is the American economy really in such great shape? We doubt it, and we think that gold's great revival could arrive in the not too distant future. Link to comment Share on other sites More sharing options...
drbubb Posted November 18, 2013 Report Share Posted November 18, 2013 Yeah - looks interesting, GF. Either forecast should mean big drops once the present rally is complete (next Spring maybe?) Link to comment Share on other sites More sharing options...
drbubb Posted November 18, 2013 Report Share Posted November 18, 2013 COMEX gold inventory decline: http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX%20WAREHOUSES%20REGISTERED%20GOLD&etfcode=COMEX%20WAREHOUSES%20REGISTERED&etfcodecom=GOLD SPDR Gold holdings are still declining too. Americans seem to care little for Gold, while the Chinese keep buying Link to comment Share on other sites More sharing options...
harold bishop Posted November 18, 2013 Report Share Posted November 18, 2013 I'd like to see a Bitcoin vs Gold chart. Seems the prices of gold is inverse to Bitcoin ! Link to comment Share on other sites More sharing options...
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