kernull Posted November 23, 2008 Report Share Posted November 23, 2008 Ker, what's your accuracy been with your TA? i am usually wrong when try to force patterns (like with gold last week). In general, charts may look great & shining, but if they are not confirmed, they are worthless. edit: dyodd , i am just sharing my views Link to comment Share on other sites More sharing options...
kernull Posted November 23, 2008 Report Share Posted November 23, 2008 Great charts and I think you will be proved right - with the stockmarkets at a bottom as they were in early December 1974 when gold peaked, I think gold is likely to fall further as a new cyclical bull market in stocks begins. well, let me make some comments to the charts, this is not a final bottom in stocks, it is just a retracement for a couple of months. there is more pain to come in the 5th wave. Also, gold & stocks should rise at the same time after they bottom together, so the safe heaven play is temporary thing. Link to comment Share on other sites More sharing options...
grumpy-old-man Posted November 23, 2008 Report Share Posted November 23, 2008 Working v fast here in sunny Oxon... it's those northern copper cables, they are much, much slower than the southern ones. Link to comment Share on other sites More sharing options...
Justin Thyme Posted November 23, 2008 Report Share Posted November 23, 2008 Great charts and I think you will be proved right - with the stockmarkets at a bottom as they were in early December 1974 when gold peaked, I think gold is likely to fall further as a new cyclical bull market in stocks begins. Hmm . . . If it transpires that the Citi does sleep after all, then I'd expect gold to sell-off. Don't get me wrong here - I'm not nailing my colours to Ker's mast here as I happen to think that TA is largely irrelevant in this more news-sensitive gold market. No, assuming the usual suspects actually have anything left to be forcibly sold, I think the drop is certain if only because gold has been one of the few winning plays in the commodities complex and because its price has been ironed out, big time, in recent forced-selling. Still, the nationalization of a hugely symbolic name like Citigroup's may just be enough to send the buck down to where it belongs. Pork scratchings and Babycham for everybody. Hurrah ! PS a cheeky buy stop entry on GBP/USD on a break of £1.53 for the next couple of days might be entered into my dusty old trading platform . . . Link to comment Share on other sites More sharing options...
Catflap Posted November 23, 2008 Report Share Posted November 23, 2008 Doesn't look like it has been falling in GBP and lots of other currencies. Which country are you from Catflap? I am guessing the UK by your avatar. From the UK - yes it's doing really well atm @ £537/oz and will probably go higher still but will it really go higher in 2009 especially if the £ strengthens against the $ and stocks are rallying? Link to comment Share on other sites More sharing options...
warpig Posted November 23, 2008 Report Share Posted November 23, 2008 I can't see how it wont. If GBP goes down, gold goes up. Is GBP going up, nope! From the UK - yes it's doing really well atm @ £537/oz and will probably go higher still but will it really go higher in 2009 especially if the £ strengthens against the $ and stocks are rallying? Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 23, 2008 Author Report Share Posted November 23, 2008 Great charts and I think you will be proved right - with the stockmarkets at a bottom as they were in early December 1974 when gold peaked, I think gold is likely to fall further as a new cyclical bull market in stocks begins. Does anyone else think that gold is more likely to rise than stocks, although I could very well imagine both to rise from here? Link to comment Share on other sites More sharing options...
Pluto Posted November 23, 2008 Report Share Posted November 23, 2008 Gold near breaking point http://seekingalpha.com/article/107450-gol...-breaking-point Link to comment Share on other sites More sharing options...
Ret45 Posted November 23, 2008 Report Share Posted November 23, 2008 I am hoping for one more big dip in gold before the end of the year, so I can buy more, but think that it may not happen. I think in six months time we will realise, with hindsight, that the huge premium on physical coins over spot price, which developed in October 2008 was the signal that confirmed a fundamental shift to gold. i bought gold for the fist time during the big dip in September, since then it has more than held up in euro despite all the market turmoil. I bought as an insurance - the 10% approach. But am now happy to increase that if the price dips again. Link to comment Share on other sites More sharing options...
Pixel8r Posted November 23, 2008 Report Share Posted November 23, 2008 Does anyone else think that gold is more likely to rise than stocks, although I could very well imagine both to rise from here? As inflation kicks in, both will do well, gold better I think. Link to comment Share on other sites More sharing options...
warpig Posted November 24, 2008 Report Share Posted November 24, 2008 Nicely written article. Gold near breaking point http://seekingalpha.com/article/107450-gol...-breaking-point Link to comment Share on other sites More sharing options...
Pluto Posted November 24, 2008 Report Share Posted November 24, 2008 Rhodium crash....Oh dear Link to comment Share on other sites More sharing options...
narco Posted November 24, 2008 Report Share Posted November 24, 2008 Rhodium crash....Oh dear Buy the dips? Link to comment Share on other sites More sharing options...
romans holiday Posted November 24, 2008 Report Share Posted November 24, 2008 Buy the dips? Now that would be a beautiful speculative punt... much better than buying the DOW. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted November 24, 2008 Report Share Posted November 24, 2008 Buy the dips? VERY nice Tell me when it's hit bottom Link to comment Share on other sites More sharing options...
cgnao Posted November 24, 2008 Report Share Posted November 24, 2008 http://www.coininvestdirect.com/main.php?a...rate=pound_rate Krugerrand: buy £544.58 sell £596.78 http://www.goldline.co.uk/bullionCoinsPage.page?coinId=48 Krugerrand: sell £ 611.00 http://www.goldline.co.uk/bullionCoinsPage.page?coinId=71 Britannia: sell £ 616.50 http://www.proaurum.de/preisliste.jsp?action=showList Krugerrand: buy EUR 637.50, doesn't sell Philharmoniker: buy EUR 631, sell EUR 675 (3 weeks wait) http://www.proaurum.ch/preisliste.jsp?action=showList Krugerrand: buy CHF 970, sell CHF 1058.50 Link to comment Share on other sites More sharing options...
nicejim Posted November 24, 2008 Report Share Posted November 24, 2008 http://www.hattongardenmetals.com/coin.aspx Krugerrand: buy £486.19 sell £546.95 I've not used them (not bought coins for a while) but they always seem to be the cheapest. Link to comment Share on other sites More sharing options...
signofthetimes Posted November 24, 2008 Report Share Posted November 24, 2008 http://www.hattongardenmetals.com/coin.aspx Krugerrand: buy £486.19 sell £546.95 I've not used them (not bought coins for a while) but they always seem to be the cheapest. Their gold rates are totally out of date, no wonder they look cheap! Link to comment Share on other sites More sharing options...
POTATOES Posted November 24, 2008 Report Share Posted November 24, 2008 Buy the dips? It actually looks a good long buy at the moment. Hmmm... Link to comment Share on other sites More sharing options...
Steve Netwriter Posted November 24, 2008 Report Share Posted November 24, 2008 Can I ? Can I ? Can I ? Can I ? Brrrrrr..... Can I ? Link to comment Share on other sites More sharing options...
FWIW Posted November 24, 2008 Report Share Posted November 24, 2008 Even Silver is going brrr..brrr.brrr...! Link to comment Share on other sites More sharing options...
bitbigt Posted November 24, 2008 Report Share Posted November 24, 2008 Buy the dips? Adding this very recent price fall to the long term chart would show it is a very unusual fall - exceptionaly rapid and large. So I wonder if the pattern from recent decades can be trusted to apply to the next decade? Link to comment Share on other sites More sharing options...
nicejim Posted November 24, 2008 Report Share Posted November 24, 2008 Can I ? Can I ? Can I ? Can I ? Brrrrrr..... Can I ? Do it Steve! Someone needs to bring this baby down so I can load up some more. Link to comment Share on other sites More sharing options...
notanewmember Posted November 24, 2008 Report Share Posted November 24, 2008 Anybody have any liquid ideas into investing in rhodium? Theres no ETF sadly. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted November 24, 2008 Report Share Posted November 24, 2008 Do it Steve! Someone needs to bring this baby down so I can load up some more. NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
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