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mohsinqureshii

Gold Bullish or Bearish

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Gold was a "fear play" before this last run up of the market these past 2 years.

 

Then it turned into an investment, strangely and tracked the market upwards, only to drop this last year (2014) I think Gold is reversing its "personality" again to become a fear play, the market is doubtlessly heading into a correction, we'll see how gold reacts, if its a crash then drop it. If its a haven where people put their money, invest and its going to runup again, probably surpassing the highs of the past few years.

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"...probably surpassing the highs of the past few years."

 

Based on what, wishful thinking?

 

Price matters, not opinions.

 

Gold has been bearish, other than on a very short term basis, since fall of 2011.

 

Through prior equity corrections,

 

Now with the Euro (EZ economies) and Crude collapsing further strengthening the Dollar this pressures Gold and Silver even more.

 

The chart and fundamentals point lower. This is reality, not my opinion.

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Analysts Expect Gold Market To Hold Recent Gains Next Week

Friday January 9, 2015

 

U.S. economic data next week is not expected to shed any new light on the state of the economy and as a result gold prices should at least hold on to their gains after the first full week of trading in 2015, according to some analysts.

 

Analysts added that continued focus on the European Central Bank’s monetary policy, concerns about the impending Greek elections and geopolitical fears should continue to support the yellow metal in the near-term.

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Analysts Look For Gold To Consolidate Next Week Ahead Of FOMC Meeting

 

Friday January 23

 

Gold prices have ended another week with gains, but according to some analysts, a rally next week could be limited as more attention is focused on the Federal Reserve and the U.S. economy.

 

Howard Wen, commodity analyst from HSBC, said that because of its strong momentum, gold prices do have room to move higher, but he is expects the market to see a bit of consolidation after what has been a strong start to the year.

 

“Gold is still up more than 9% in the first three weeks of the year,” he said. “A consolidation period is expected at some time.”

 

Although gold and silver ended Friday in negative territory, they still held key support levels that some analysts suggest will be positive for the metals next week.

 

Ole Hansen, head of commodity strategy at Saxo Bank, said that gold should maintain its momentum as long as it holds above the 200-day moving average, which now comes in at $1,256.40 an ounce.

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:hmmmm:

 

More self evident desperation by bulls to hold 1203-1200 zone:

 

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

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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.

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The papergold this thread is about is currently way hooked up with JPY... ie (for any ‘plain speak challenged’ readers) it’s “highly correlated” .

So, what is “desperate market” about that?

Or How many more “desperate players” ( weak hands, etc.) are "desperate" than usual ?

 

... and Who in their right mind wants it to stay so high anyways?

...real bulls want it lower. ... the lower the better...

... and for the real bears, Martin Armstrong is back (and what did not kill him made him stronger) so relicgold at $285 is inevitable ...

...So, Sun, I still think an explanation of the word “desperation” would be helpful.

(Without explanation it might be taken a new technical term defined as support provided by horizontal trend lines that deliver the same quality of support as jet vapor trails to start with ...? etc ? etc.?) Thx

 

...and jmo BobC, papergold as a rule could not care less about who is “hoarding” gold.

... and more jmo, papergold doesn’t care quite enough even about who is lending or borrowing gold...

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That's a good answer -

to a different question.

 

So

"Desperately tried to hold support"

becomes

"Searching for why tried to hold support" ??

 

"More self evident desperation by bulls to hold 1203-1200 zone"

becomes

"More self evident searching for why by bulls to hold 1203-1200 zone" ??

 

Question remains - Where is the "desperate" on those charts?

 

Would not have questioned the use of milder "technical" /"chart" terms to insert some extra "why" into the posts... like for example '(It) disappointedly tried... ' and '...self evident disappointment' ...

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... primarily for the benefit of chart noobs ...

 

Re: “Desperate are those searching for why when the chart tells why/when/how.”

Charts are one possible way of representing bhvr of human ‘crowds’ ... and whether we like to acknowledge it or not, there is always a “why”. The bhvr of human ‘crowds’ is the central “why”. For the chart technician, it’s the only necessary “why”. ‘ Voice of trading’ chartist proponents as a rule unconsciously guide noobs into developing an illusion that there are no ‘whys’ to be aware of ...by sending the brains to focus on the chart instead of the human bhvrs that generate the basis for charts and other visual representations... Point is: that way is good only for a few - and not the many as some chartists would have us blve...

 

...

 

Since no good explanation for the use of the term “desperate” seems to be forthcoming let me go a little further and partially explain why I questioned its use.

‘Technically’*, there is often not much fight in herded bulls after the near parabolic, narrative based run-up like in late Jan. Not much fight means they can’t generate very much to be “desperate” about. So, pricechartwise, those blue horizontal lines mark/provide no more possible ‘support’ than jet vapor trails in the sky would... etc.

The strong handed bulls don’t even have to be ‘concerned’ until the 1160’s...

Permabulls are in physicals and are hedging with papergold, etc. etc...

...

in quick summary, very few bulls are “desperate” at this time - so the use of the term is questionable and could just be possible unnecessary spin** ...etc etc.

 

 

 

 

 

 

* and by god I’m using that ‘Technically’ term loosely - since we’re making “desperation” and “disappointed’, ’concerned’ etc. into ‘technical’ / chart terms ...

 

** ...and yes, some things could be said about spinning this kind of ‘CNBCese speaky’ into our posts - but we certainly can’t single out just SunBurst on this because we’re all guilty of it at one time or another ...and via the ‘internet’ that would just be pickin a fight.

The purpose is not to condemn “shorthand” either... look what damppenguin has to do to avoid it. See http://www.traderslaboratory.com/forums/wyckoff-forum/19107-trading-sla-amt-intraday-5.html#post196677

The purpose of my posts is to question questionable “shorthand”. So, for the benefit of the noobs, an explanation of “desperate” would still be appreciated

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“…The serious artist is the only person able to encounter technology with impunity just because he is an expert aware of the changes in sense perception… ” M. McLuhan

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“…The serious artist is the only person able to encounter technology with impunity just because he is an expert aware of the changes in sense perception… ” M. McLuhan

 

 

 

 

 

 

 

http:/CNBC.com/desperate-charts-suggest-sub- $1000-Gold-is-likely/

Thank you CNBC, suntrust, and BobcTwns for the great and helpful explanations.

You are the best lab partners EVER!

Now we understand. It really is best to be one of the entranced apathetics who swallow anything.

 

 

 

 

 

 

 

no promotions and links (we will monitor all threads)

http://www.traderslaboratory.com/forums/search.php?searchid=982824

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Gold Could Fall Next Week On Yellen, Tentative Greece Deal

Friday February 20.

 

Gold prices could see some more pressure in the near-term as the market ends the week in negative territory.

 

According to some analysts, last-minute reports of a potential agreement between Greece and its European creditors caused gold prices to end in negative territory for the fifth consecutive week. However no official announce has been made; a press conference is scheduled for 3 p.m. EST.

 

Comex gold futures settled Friday’s session at $1,204.90 an ounce, down $22.60 or 1.84% for the week.

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quick little break time from the chart 'technicals' and crowd 'sentimentals'...

 

It's advisable to crinkle your foil hat securely around your whole cranial region before reading... suspends the trance

Then please be on the watch out for treacherous ideas within

 

A Salvo in the Battle for the Gold Standard | Zero Hedge

 

We now return you to your regularly scheduled programming

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Gold Futures End Four-Week Losing Streak, Analysts See $1,200 Holding Next Week

Friday February 27

 

An early morning rally following a drop in fourth-quarter GDP growth, and disappointing manufacturing data from the Chicago region, helped gold prices end the week in positive territory, capping a four-week losing streak, according to some analysts.

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Opps, I've fallen and I can't get up - above $1200

 

Too many resistance on the way up, 1202/1207/1214. They need to be broken in 1 move to take this metal to the 1230-40 zone.

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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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