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

more ... don’t read if you want to stay ignorant...

The New Deal built the New World Order

and btw wtf does this have to do with a gold thread?

 

more... 53 ADMITTED False Flag Attacks Washington's Blog

more... ?Cash Is Coined Freedom?: War on Cash Becomes Official in Germany, Reaches G-7, Draws Withering Fire | Wolf Street

 

we now return you to your regularly scheduled programming of 'price action' driving gold much lower please and thank you... ;)

Share this post


Link to post
Share on other sites

Considering the daily chart of gold, it seems Gold is at very critical point where it needs to make a break to go for either towards north or south. However, it shows more potential to go towards north as far as my calculation is concerned.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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. :roll eyes: 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.

Share this post


Link to post
Share on other sites

...been vacationing/gone almost six weeks, still it is extremely easy to catch up with this thread.

 

 

 

... Might be a good one to invest some here too....
Well at least technically it looks very good investment over the next 3 years. We'll see

That word “invest”. They keep throwing the word.

Do we have a whole generation ‘coming up’ that does not have a clue what ‘investing’ actually is? ... Symptomatic of deeper, more profound cyclical ‘financial’ dysfunction?

 

................................................

 

Looks like gold has shown a lot of promise recently. Might be a good one to invest some here too. vbulletin-smile.gif

 

Hi markjacks,

Why do you think it will be a good investment.?:confused:

regards

bobc

 

...

 

Well at least technically it looks very good investment over the next 3 years. We'll see

 

Now I have to ask - WHY do you say that?

 

:crap:

 

bobsee and sunnyd, Even you two bozo’s ;) deserve * better answers than you got...

 

 

................................................................................

 

... seems Gold is at very critical point where it needs to make a break to go for either towards north or south...

Be aware, gold has been “at very critical point where it needs to make a break” before ... and could again stay there for 10 years or more :spam: just sayin...

 

 

 

 

 

* http://www.traderslaboratory.com/forums/market-analysis/12054-gold-bullish-bearish-196.html#post196687

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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.

 

SunTrader makes an interesting comment..... the slowing Chinese economy.:missy:

Could this be a possible reason for Golds weakness?:roll eyes::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.???:confused: China has been very strong while Gold has been falling for 2 years

All comments welcome

bobc

Share this post


Link to post
Share on other sites
SunTrader makes an interesting comment..... the slowing Chinese economy.:missy:

Could this be a possible reason for Golds weakness?:roll eyes::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.???:confused: 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.

Share this post


Link to post
Share on other sites

A way to see the Gold / Silver interplay is with a ratio chart.

 

In the past, over the long term, as the ratio goes higher, Gold goes lower (although it is not quite directly apparent over the short term):

XAUXAG.thumb.png.9fcfeb5d7b6c2e017f1d316b49a7446b.png

Share this post


Link to post
Share on other sites

The dollar is more and more precious to billions and billions of people.

To you ?

 

...

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:

Share this post


Link to post
Share on other sites
The dollar is more and more precious to billions and billions of people.

To you ?

 

...

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.

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

    • How's about other crypto exchanges? Are all they banned in your country or only Binance?
    • Be careful who you blame.   I can tell you one thing for sure.   Effective traders don’t blame others when things start to go wrong.   You can hang onto your tendency to play the victim, or the martyr… but if you want to achieve in trading, you have to be prepared to take responsibility.   People assign reasons to outcomes, whether based on internal or external factors.   When traders face losses, it's common for them to blame bad luck, poor advice, or other external factors, rather than reflecting on their own personal attributes like arrogance, fear, or greed.   This is a challenging lesson to grasp in your trading journey, but one that holds immense value.   This is called attribution theory. Taking responsibility for your actions is the key to improving your trading skills. Pause and ask yourself - What role did I play in my financial decisions?   After all, you were the one who listened to that source, and decided to act on that trade based on the rumour. Attributing results solely to external circumstances is what is known as having an ‘external locus of control’.   It's a concept coined by psychologist Julian Rotter in 1954. A trader with an external locus of control might say, "I made a profit because the markets are currently favourable."   Instead, strive to develop an "internal locus of control" and take ownership of your actions.   Assume that all trading results are within your realm of responsibility and actively seek ways to improve your own behaviour.   This is the fastest route to enhancing your trading abilities. A trader with an internal locus of control might proudly state, "My equity curve is rising because I am a disciplined trader who faithfully follows my trading plan." Author: Louise Bedford Source: https://www.tradinggame.com.au/
    • SELF IMPROVEMENT.   The whole self-help industry began when Dale Carnegie published How to Win Friends and Influence People in 1936. Then came other classics like Think And Grow Rich by Napoleon Hill, Awaken the Giant Within by Tony Robbins toward the end of the century.   Today, teaching people how to improve themselves is a business. A pure ruthless business where some people sell utter bullshit.   There are broke Instagrammers and YouTubers with literally no solid background teaching men how to be attractive to women, how to begin a start-up, how to become successful — most of these guys speaking nothing more than hollow motivational words and cliche stuff. They waste your time. Some of these people who present themselves as hugely successful also give talks and write books.   There are so many books on financial advice, self-improvement, love, etc and some people actually try to read them. They are a waste of time, mostly.   When you start reading a dozen books on finance you realize that they all say the same stuff.   You are not going to live forever in the learning phase. Don't procrastinate by reading bull-shit or the same good knowledge in 10 books. What we ought to do is choose wisely.   Yes. A good book can change your life, given you do what it asks you to do.   All the books I have named up to now are worthy of reading. Tim Ferriss, Simon Sinek, Robert Greene — these guys are worthy of reading. These guys teach what others don't. Their books are unique and actually, come from relevant and successful people.   When Richard Branson writes a book about entrepreneurship, go read it. Every line in that book is said by one of the greatest entrepreneurs of our time.   When a Chinese millionaire( he claims to be) Youtuber who releases a video titled “Why reading books keeps you broke” and a year later another one “My recommendation of books for grand success” you should be wise to tell him to jump from Victoria Falls.   These self-improvement gurus sell you delusions.   They say they have those little tricks that only they know that if you use, everything in your life will be perfect. Those little tricks. We are just “making of a to-do-list before sleeping” away from becoming the next Bill Gates.   There are no little tricks.   There is no success-mantra.   Self-improvement is a trap for 99% of the people. You can't do that unless you are very, very strong.   If you are looking for easy ways, you will only keep wasting your time forgetting that your time on this planet is limited, as alive humans that is.   Also, I feel that people who claim to read like a book a day or promote it are idiots. You retain nothing. When you do read a good book, you read slow, sometimes a whole paragraph, again and again, dwelling on it, trying to internalize its knowledge. You try to understand. You think. It takes time.   It's better to read a good book 10 times than 1000 stupid ones.   So be choosy. Read from the guys who actually know something, not some wannabe ‘influencers’.   Edit: Think And Grow Rich was written as a result of a project assigned to Napoleon Hill by Andrew Carnegie(the 2nd richest man in recent history). He was asked to study the most successful people on the planet and document which characteristics made them great. He did extensive work in studying hundreds of the most successful people of that time. The result was that little book.   Nowadays some people just study Instagram algorithms and think of themselves as a Dale Carnegie or Anthony Robbins. By Nupur Nishant, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
×
×
  • Create New...

Important Information

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