Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

mohsinqureshii

Gold Bullish or Bearish

Recommended Posts

Ill stop buying when they stop printing money. I'll continue to buy on weakness. This is a long term position, not a trade. Rather have gold than worthless dollars.

Maybe 2020 they will turn off the printing presses. :D

 

Central Banks wish your hyper-inflationary theory is correct. In fact that is what they are trying to do because they fear that they cannot prevent asset prices from falling. When all the gold bugs realize that the opposite of what they were expecting is occurring, we will see gold at $12 an ounce.

Share this post


Link to post
Share on other sites

For those Gold traders who consider fundamentals, there is a positive correlation between the gold price and FOOD prices. When there is food price inflation, the price of gold rises.

Now over the last week CORN has gone up big time because of drought conditions in parts of the USA.

Expect a correction in gold .......UP.

Caution. Corn is only a small part of the food chain . Not all foods are going up, so expect the gold correction to be small.

regards

bobc

 

PS Better still, BUY CORN Futures

Share this post


Link to post
Share on other sites

Gold has been following Silver's lead since the double top last Aug/Sept.

 

Gold made slightly higher swing high while Silver made a slightly lower swing high.

 

Silver having more practical uses in industry is falling with the slowing growth rate in the world economy. Nothing more complicated than that.

Share this post


Link to post
Share on other sites

The best analysis i've seen was by Cullen Roche at pragcap.com

 

Lots of folks still think many governments are printing to much money and somehow gold would be safer... (not sure why gold has more value than anything else if it is armagedden ;-).

 

There used to be a strong correlation of gold to US inflation, but not so much the past decade or so. Money creation doesn't necessarily lead to hyperinflation, and the US has been more in deflation, but gold still goes up.

 

it is because the demand for gold is from India and China. Watch the CPI in China and you'll see the most curent influence on gold prices.

Share this post


Link to post
Share on other sites

yes great chart to prove a point :roll eyes:......what happens when you put them on the same vertical axis.

 

I was unfortunately previously associated with someone who used to claim....

 

Gold is a great inflation hedge.....(and in the same breath)

If gold were to be inflation adjusted it would be worth $5000.

 

amazing when you change the horizontal axis as well to prove a point, or go back 100 years to show a short term trend.

Share this post


Link to post
Share on other sites
yes great chart to prove a point :roll eyes:......what happens when you put them on the same vertical axis.

 

I was unfortunately previously associated with someone who used to claim....

 

Gold is a great inflation hedge.....(and in the same breath)

If gold were to be inflation adjusted it would be worth $5000.

 

amazing when you change the horizontal axis as well to prove a point, or go back 100 years to show a short term trend.

 

It is funny to hear both, especially when it is from the same person, but I suppose your associate is right about the inflation adjusted price of gold. The comment about the inflation hedge is that it is the commonly used hedge against inflation. Gold and other precious metals are seen as being good stores of value. Inflation erodes value in intangible assets. Gold is a good store of value, but by no means is it a great or perfect store of value and, therefore not a perfect hedge against inflation.

Share this post


Link to post
Share on other sites

exactly.....how with a straight face you can say....

 

this instrument is a great hedge against inflation,

and then in the next breath say,

it is cheap - because it has been such a poor hedge against inflation in reality.

 

If you find chart to back your idea then its all good.....extend the chart or change the comparison.....different story

 

sales pitch, sales pitch, sales pitch.........:doh:

Share this post


Link to post
Share on other sites
weekly, daily, 4h..all bearish

 

 

(who cares about corn's future? its the same old corn) :roll eyes::cool:

 

Gold now trading at 1590,an increase of 1.76% for the day.:missy:

I suggested to my wife I close my position and we go out for supper.

Or I hold over the weekend and we have soup.:crap:

I wont tell you my decision. It could influence the gold price:haha:

regards

bobc

Share this post


Link to post
Share on other sites

What was today's high?

 

Oh that's right - right in the resistance zone I've mentioned repeatedly.

 

On the biggest volume in weeks. Looks like distribution to me.

 

Maybe it breaks it ..... and maybe it doesn't.

Share this post


Link to post
Share on other sites

Perhaps a buying opp will present itself. Who knows. No sign of the bailout easing, just throwing more printed money at the bad debt. Only means one thing for gold.

Up up up. 🎉🎉🎉

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.