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SunTrader
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Posts posted by SunTrader
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Everyone is entitled to their opinion but a valid reason why you think what you think ... would be helpful
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Money (of any kind) is one thing that has never been stable.
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Sell the ralliesBobc
Again and again ... till wave 4 ends. Then look out momma.
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The dollar is more and more precious to billions and billions of people.To you ?
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just a thought or two...
All those new paper shorts do have to cover sooner or later...
All it takes is a swan (of any color) for PM's to 'bounce' ... and the tiniest bounce would force almost all those newest paper shorts to cover immediately... (rather than meet m calls...)
After that, of course, PM's could resume their deflationary work... :missy:
Except open interest dropped a pretty good chunk yesterday - and I believe as well today, but won't know for sure till tomorrow.
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SunTrader makes an interesting comment..... the slowing Chinese economy.:missy:Could this be a possible reason for Golds weakness?:roll eyes:
I have always looked at the $ / Gold negative correlation
And Gold / Interest rates.
And Gold / Oil
Forget about the store of value.
Now China.??? China has been very strong while Gold has been falling for 2 years
All comments welcome
bobc
China is bearish for both Gold and Silver.
Look at their stock market bubble imploding (SSE down another 6% today). Margin calls in equities could get them selling some of their gold to raise funds.
But mainly slowing economy there means less need for Silver. And as I have say repeatedly industrial need for Silver drives the price ... as well very often the price of Gold.
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Meanwhile good old Silver broke to lows not seen since 2010 or before the great bull market!!!!!!!!!!!!!!!!!!!!!! Gasp!
I've been saying for a while that Silver has been leading Gold.
But maybe I might the attention of those "investors" by saying it has been the Euro contagion and slowing, slowing Chinese economy leading Silver demand down, down, down. As well as the price thereof and price of Gold and ... oh fughtebouit.
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Sure hope nobody acted on all that "good" investment advice thrown around lately.
Oh wait I forgot it is going lower which means sale prices ding, ding. ding - making it an even better investment choice. Well unless it doesn't stop going lower ... and lower. About the point investors sell it will stop. And a bottom is found.
Happens every time.
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I guess your "calculation" doesn't look at the fact price is only $17 higher than where it opened the year - 5 months ago !!!!!!!!!!!!!!
And also closed near the lows for the week.
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Well at least technically it looks very good investment over the next 3 years. We'll seeNow I have to ask - WHY do you say that?
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I didn't say anything about DOWN, I said its a matter of time for UP (USD fall = GOLD rise).You said:
"Corporations who control Fed, most likely control most of the gold reserves anyway and could allow USD to fall faster than we expect"
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Although USA is constantly fighting for the USD being the world trade currency, major market players (countries) are slowly moving away from the USD. In the long term Dollar will most likely lose the domination and Gold as a symbol of real purchasing power could take over. But as you say..."I don't think I'll be around then"Corporations who control Fed, most likely control most of the gold reserves anyway and could allow USD to fall faster than we expect.
So you like to have it both ways.
If gold goes up - it is because the corporations want it to.
If gold goes down - see above.
I will continue to just trade price - which ever way it goes.
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The other way around. The dollar determines the value of Gold and most every other major tradable market in the world.
Don't fight the fed ... until that no longer applies.
The fed moves (some say controls) the markets. What they say and what zdo says is all that matters.
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I believe in Austrian School of Economics - which also factors in supply and demand.
And there is plenty of demand for U.S. dollars through out the world currently and expected in the near future.
When that changes the price of Gold might change - from continuing to go down, down, down.
Down to $975 - $890 range. :haha:
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Tuesday should be the end of current correction to the bear trend and resume making new multi monthly and even multi year lows after taking out 1132.Got a 1 day reprieve. Thurs should be it.
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Tuesday should be the end of current correction to the bear trend and resume making new multi monthly and even multi year lows after taking out 1132.
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Came close to daily S3 level and more than 100% of yesterday's range so a "oversold" bounce was expected.Correction now underway and probably ending around 1180 area.
Should said ending, at most, 1180.
But its been so weak lately it only made it to 1170. :doh:
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Came close to daily S3 level and more than 100% of yesterday's range so a "oversold" bounce was expected.
Correction now underway and probably ending around 1180 area.
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Opps, I've fallen and I can't get up - above $1200
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You're desperate to understand. But no closer than when you started this.
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Desperate are those searching for why when the chart tells why/when/how.
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AGREE.And while the stock market continues to make new highs, GOLD will stagnate..
Just one warning,.Greeks are hoarding Euros ....... and Gold.
Regards
bobc
Not in their banks though.
But the Greeks could buy all the gold that they can hoard. Still won't help this this :puke: from happening.
IMO $950 level is still calling.
Gold Bullish or Bearish
in Market News & Analysis
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"Good :haha: analysis of gold" naturally from one Permabull to another, what else!!
BTW link takes your to terms and conditions - not the "good" analysis.