aliveandkicking Posted February 4, 2010 Report Share Posted February 4, 2010 Gold could consolidate to a 3 digit price yet. All good for the long term imo. And lets hope that Prechter is just some nutter on the internet Link to comment Share on other sites More sharing options...
electroweak Posted February 4, 2010 Report Share Posted February 4, 2010 Phew this is quite a ride! WTF is going on!? Link to comment Share on other sites More sharing options...
romans holiday Posted February 4, 2010 Report Share Posted February 4, 2010 And lets hope that Prechter is just some nutter on the internet I was just about to listen to him on Goldseek radio. http://www.greenenergyinvestors.com/index....st&p=154942 Link to comment Share on other sites More sharing options...
mSparks Posted February 4, 2010 Report Share Posted February 4, 2010 Let's hope they like you when they find out. Don't you mean Let's hope they like us when they find out. Link to comment Share on other sites More sharing options...
romans holiday Posted February 4, 2010 Report Share Posted February 4, 2010 Phew this is quite a ride! WTF is going on!? Dollar on steroids. Link to comment Share on other sites More sharing options...
aliveandkicking Posted February 4, 2010 Report Share Posted February 4, 2010 Phew this is quite a ride! WTF is going on!? Economics in action? People have bought things they dont need in the hope they will rise in price based on the idea that things only rise in price 100% guaranteed. Link to comment Share on other sites More sharing options...
mSparks Posted February 4, 2010 Report Share Posted February 4, 2010 Phew this is quite a ride! WTF is going on!? The 23rd of November Theory insists on not being proven false. Link to comment Share on other sites More sharing options...
chazza Posted February 4, 2010 Report Share Posted February 4, 2010 Dollar on steroids. Thats the thing, DXY is only up .62%. How about if it jumps a couple of % Link to comment Share on other sites More sharing options...
electroweak Posted February 4, 2010 Report Share Posted February 4, 2010 Thats the thing, DXY is only up .62%. How about if it jumps a couple of % 1073.90 -$35.30 just now.. wow. My S&P Puts might buy me some cheap gold here.. EDIT if it carries on. Link to comment Share on other sites More sharing options...
warpig Posted February 4, 2010 Report Share Posted February 4, 2010 It looks like a take down to me. It isn't just a dollar event. Phew this is quite a ride! WTF is going on!? Link to comment Share on other sites More sharing options...
grumpy-old-man Posted February 4, 2010 Report Share Posted February 4, 2010 catflap, the link below is your post to me basically stating that I don't know anything about anything. the importance of Legatus now look at this link on hpc I have also mentioned this on GEI in the last month or so iirc. me learn from you ?? really..... I have told a lot of you on GEI before, you aren't looking at the full picture, you're just day traders (not all of you obviously, there are some posters who understand the geo political stuff). now look at the bottom of this next post, the bit in bold & underlined. me learning from you.....really.... :lol: edit - sorry I had to put this in the gold thread but the relevant post is now locked. Link to comment Share on other sites More sharing options...
50sQuiff Posted February 4, 2010 Report Share Posted February 4, 2010 I have to say, I'm a gold bull 'clawing at the sky' here. What a takedown. I never thought we would breach $1070 again, to be honest. I though the catalyst for a dollar spike would also be bullish for gold this time round. But this isn't a dollar story. My S&P, copper shorts and T-bills are having one hell of a day to compensate, but I can't get excited about them. Emotionally, gold hurts. Link to comment Share on other sites More sharing options...
grumpy-old-man Posted February 4, 2010 Report Share Posted February 4, 2010 any of the chartist's see this coming then ?? (genuine question) apparently for those that use 'fibonacci retracement' it coincided with dates starting the 4th(today) also iirc, but this is not a strong area for me obviously. Link to comment Share on other sites More sharing options...
carbon junkie Posted February 4, 2010 Report Share Posted February 4, 2010 edit - sorry I had to put this in the gold thread but the relevant post is now locked. Wow, there is some tasty language on that thread GOM AND NOBODY GOT BANNED!!!!!! Amazing, it leaves me even more gobsmacked that Romans Holiday banned me but has put up with some of those posts. DOUBLE STANDARDS AHOY!! What a shambles the moderating has become it is turning into a bit of a joke. Back on topic just going to buy some more gold. The sales are on! Pound cost averagingand all that. Link to comment Share on other sites More sharing options...
warpig Posted February 4, 2010 Report Share Posted February 4, 2010 EW + NW fans have been waiting for a decline in gold (commodities). Specifically today, probably not, but this doesn't look like normal market forces to me. Oddly it coincides with the BOE suspending QE today, so you can imagine a take down in gold has it's advantages... any of the chartist's see this coming then ?? (genuine question) apparently for those that use 'fibonacci retracement' it coincided with dates starting the 4th(today) also iirc, but this is not a strong area for me obviously. Link to comment Share on other sites More sharing options...
mSparks Posted February 4, 2010 Report Share Posted February 4, 2010 any of the chartist's see this coming then ?? (genuine question) apparently for those that use 'fibonacci retracement' it coincided with dates starting the 4th(today) also iirc, but this is not a strong area for me obviously. Does this count? Not really "chartist" tho. Link to comment Share on other sites More sharing options...
grumpy-old-man Posted February 4, 2010 Report Share Posted February 4, 2010 Wow, there is some tasty language on that thread GOM AND NOBODY GOT BANNED!!!!!! Amazing, it leaves me even more gobsmacked that Romans Holiday banned me but has put up with some of those posts. DOUBLE STANDARDS AHOY!! What a shambles the moderating has become it is turning into a bit of a joke. Back on topic just going to buy some more gold. The sales are on! Pound cost averagingand all that. I think GF handled that thread fairly tbh, all things considered. (& no I definetly haven't taken a pay off ) will the pog go below that Indian floor though, that's the question. I am not worried in the slightest though. If you have put the relevant homework in, hold only physical then you understand the final outcome (or pretty much) Link to comment Share on other sites More sharing options...
grumpy-old-man Posted February 4, 2010 Report Share Posted February 4, 2010 Does this count? Not really "chartist" tho. funny, but NO it didn't. Link to comment Share on other sites More sharing options...
grumpy-old-man Posted February 4, 2010 Report Share Posted February 4, 2010 EW + NW fans have been waiting for a decline in gold (commodities). Specifically today, probably not, but this doesn't look like normal market forces to me. Oddly it coincides with the BOE suspending QE today, so you can imagine a take down in gold has it's advantages... Legatus.....nothing to do with QE (which is only suspended, not stopped) the market IS timed.....apparently Link to comment Share on other sites More sharing options...
warpig Posted February 4, 2010 Report Share Posted February 4, 2010 Anything to back that one up? Legatus.....nothing to do with QE (which is only suspended, not stopped) the market IS timed.....apparently Link to comment Share on other sites More sharing options...
mSparks Posted February 4, 2010 Report Share Posted February 4, 2010 Legatus.....nothing to do with QE (which is only suspended, not stopped) the market IS timed.....apparently Although the BoE are now voting whether to sell off the assets bought under QE rather than buy them. Link to comment Share on other sites More sharing options...
grumpy-old-man Posted February 4, 2010 Report Share Posted February 4, 2010 Anything to back that one up? the QE statement....NOPE, just my background reading of all things geo-political. Just because I don't post doesn't mean I don't understand. but why did I know the markets would crash beginning the 4th ?? muwahahahahahahahahahahahah Link to comment Share on other sites More sharing options...
carbon junkie Posted February 4, 2010 Report Share Posted February 4, 2010 I think GF handled that thread fairly tbh, all things considered. (& no I definetly haven't taken a pay off ) Its not GF who I have an issue with (apart from putting the idea into I have a big stick and I am going to use it - moderators head) will the pog go below that Indian floor though, that's the question. I am not worried in the slightest though. If you have put the relevant homework in, hold only physical then you understand the final outcome ??(or pretty much) I just average in if the price is high I buy less than my quota if the price is low I buy more! Saves trying to be a clever clogs picking up dimes in front of a steamroller. Personally I like the miners you get volatility on steroids it's great fun and when this baby finally blows its gonna be spectacular. This today is still just noise. Link to comment Share on other sites More sharing options...
warpig Posted February 4, 2010 Report Share Posted February 4, 2010 I meant your Legatus statement. How did you know? the QE statement....NOPE, just my background reading of all things geo-political. Just because I don't post doesn't mean I don't understand. but why did I know the markets would crash beginning the 4th ?? muwahahahahahahahahahahahah Link to comment Share on other sites More sharing options...
grumpy-old-man Posted February 4, 2010 Report Share Posted February 4, 2010 I didn't mean that, I meant your Legatus statement. Did you know? I don't recall you saying as much. the hpc links are above.... I found out about Legatus last year & mentioned it on GEI, that's why I have been paying attention to it's significance since. I read a lot of different sites every day. enterprisecorruption, wiredpirate, lemetropolecafe, rumourmillnews. GLP, zerohedge, trendsresearch & many more Link to comment Share on other sites More sharing options...
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