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mohsinqureshii

Gold Bullish or Bearish

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What do you see Gold in next 3 months ? Bullish or Bearish ? Is Gold really heading towards 2500 $ an oz as major research firms of the world predict.

 

Your view please.

 

message too short. please lengthen to at least 20 characters

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MM,

 

That was the OP of this thread... years ago.

 

... and since then, not one single gold bear has posted in this thread.

 

zdo

 

Dear zdo

SunTrader and I have been gold bears for years. :(:(

What are you talking about? :confused::confused:

Kind regards

bobc

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Dear zdo

SunTrader and I have been gold bears for years. :(:(

What are you talking about? :confused::confused:

Kind regards

bobc

 

Think.

Unless someone is really

“it’s worth $1 oz bearish”

- they are not REALLY bearish.

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Gold is the new Silver

 

that's fascinating :)

 

but - it may be the other way around

 

...

 

back to my point

How many truly bearish posts have been made in this thread? ... I’m mean TRULY bearish - like the stuff is worthless/useless... like

With greenhorns in gold starting to figure all this out, the price has gotten tarnished. It is time to call owning gold what it is: An act of faith. As the Epistle to the Hebrews defined it forevermore, "Faith is the substance of things hoped for, the evidence of things not seen." Own gold if you feel you must, but admit honestly that you are relying on hope and imagination.

 

Recognize, too, that gold bugs - the people who believe in owning the yellow metal no matter what - often resemble the subjects of a laboratory experiment on the psychology of cognitive dissonance.

Jason Zweig WSJ

 

If you remember any such truly bearish posts in this thread, please remind us and thx... cause ALL the other posts are actually ‘bullish’ gold ;)

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that's fascinating :)

 

but - it may be the other way around

 

...

 

back to my point

How many truly bearish posts have been made in this thread? ... I’m mean TRULY bearish - like the stuff is worthless/useless... like

Jason Zweig WSJ

 

If you remember any such truly bearish posts in this thread, please remind us and thx... cause ALL the other posts are actually ‘bullish’ gold ;)

#1303

#1035

#943

#835

#703

#524

#513

#494

#464

#396

#386

#384

#313

#86

#78

 

Just a selection of posts indicating my rather short bias throughout this thread. I do not ever recall a long thought. In fact, I have not had a long trade in gold since 2011 (I think). All gold (commodities) trades have been short.

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#1303

#1035

#943

#835

#703

#524

#513

#494

#464

#396

#386

#384

#313

#86

#78

 

Just a selection of posts indicating my rather short bias throughout this thread. I do not ever recall a long thought. In fact, I have not had a long trade in gold since 2011 (I think). All gold (commodities) trades have been short.

 

All good posts...

I still ‘accuse’ you of being a bull ! ;)

... a bunch of short bulls... ;)

admirable...

 

maybe more later...

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since I don't have time to write today here's some cut and paste

 

...

We constantly emphasize that gold does not go up or down. It’s the dollar that goes down or up, respectively. It’s mostly down, from over 1500mg gold in 1913 to just under 28mg today. This is an epic fall of more than 98% (though it’s up from around 16.5mg in 2011).

 

If it is controversial to say that gold doesn’t move, it’s even more so to say that the cause of the dollar’s decline is not its increasing quantity. The cause is its decreasing quality. In just the last 44 years since President Nixon’s gold default, the dollar fell from about 780mg. It is no coincidence that this dramatic drop occurred while the dollar went through several upheavals. The dollar was a gold redeemable currency, and then it was just a slice of the US government’s debt. Then the government spent more and more on less and less. After 2008, the dollar is partially a slice of mortgage debt, of unknown provenance.

 

It bloody well should be worth less! It represents less, claims less capital, and its likely repayment is dropping like a lead balloon.

 

That only leaves the question of why it has been rising for four years.

 

We think it boils down to confidence. Virtually everyone, from the blind faithful followers of the Fed, to its harshest critics, accept that the dollar is money. In other words, they are confident in the greatest confidence scheme ever.

 

In their view, gold goes up and down. This means: buy gold when it’s going up. And stay away, or even short it, when it’s going down. They have charts to tell them when this is occurring. And the fact is that gold has been going down for years. Few want to own a falling asset...

 

Why Is Gold Becoming Scarcer, 16 Aug, 2015 | Zero Hedge

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since I don't have time to write today here's some cut and paste

 

 

 

Why Is Gold Becoming Scarcer, 16 Aug, 2015 | Zero Hedge

 

Seems like a nice bullish article on gold. The type of essay one wants to read if he is licking his wounds from holding a gold position. Or, possibly a good article to read if one is astute and notices that gold has dropped in price and likes to buy low in anticipation of selling higher.

 

Good read or bad read, it does not change the fact that there are not enough buyers buying gold and willing to hold it long enough. Sure, someone is buying it, but eventually the new buyers, who bought low, sell lower because they didn't buy low enough. They are not the committed buyers needed to provide support to the price of gold. So, the price will continue to drop.

 

Gold is a commodity and will act as a commodity acts.

Edited by MightyMouse

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Seems like a nice bullish article on gold. The type of essay one wants to read if he is licking his wounds from holding a gold position. Or, possibly a good article to read if one is astute and notices that gold has dropped in price and likes to buy low in anticipation of selling higher.

 

Good read or bad read, it does not change the fact that there are not enough buyers buying gold and willing to hold it long enough. Sure, someone is buying it, but eventually the new buyers, who bought low, sell lower because they didn't buy low enough. They are not the committed buyers needed to provide support to the price of gold. So, the price will continue to drop.

 

 

MM

 

:)

re: "Seems like a nice bullish article on gold." No. It's a

"Good Analysis of Gold" ;)

 

Here it is - All those that think they’re bears out there really aren’t. Here’s how. Check the posts, all the analysis, projections etc. They all have a point - conscious or unconscious - where their 'bearish' ends. Most stop their supposed bearishness at 850 USD per oz. Oh a few get real 'bearish' and take the ‘destination’ to 350 USD, but hey! - on what freukn planet is ANY element really worth more than 200 USD oz? How the fk can AU possibly be 'worth' over 1000 USD right now? ... it’s a big bunch of bulls that don’t even know they are bulls, I tell ya... ;)

 

more...cont... ( with thorny pencil in hand I write....mkt memories/’market memory’ that matters to no one except me..... ) It took me 8 difficult years (’85-‘93) to learn how to be a comfortable ( ie sans internal disruptive dissonance) ‘long bear’ in index futures. Those lessons make it easy to be a ‘short bull’ now in PM’s when needed.

 

(And btw - it’s is no coincidence that both families of instruments are highly manipulated ... from the 'highest' possible levels of manip... )

 

This thread needs some fresh technical analysis posts ... and some fresh new conspiracy theories... ;)

Edited by zdo

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MM

 

:)

re: "Seems like a nice bullish article on gold." No. It's a

"Good Analysis of Gold" ;)

 

 

It is an analysis that lines up with your line of thinking; hence, it is a "good analysis of gold".

 

I would think a good analysis of gold would be an essay with a negative hypothesis.

 

A bull thinks the price will be rising.

A bear thinks the opposite

 

How can gold be worth $_____? Any price can be inserted in the slot. The more reasons, per the article, the less likely it is correct.

 

A: When will the price of gold be worth $(current price) X 2?

B: When will the price of gold be $(current price) /2?

 

If you think B will occur before A, then you are a bear. If you think A will occur before B, then you are a Bull.

 

The price of gold can go up for reasons that are not included in that essay you posted.

Would you still call the analysis good if that happened?

What is more important: getting the direction right or getting the analysis right?

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What is more important: getting the direction right or getting the analysis right?

 

Wise words:cool::cool:

 

My analysis is bearish which is wrong........ for the moment.:missy::missy:

Now LONG 2 contracts @ 1110 Target 1123 Stop 1105

1123 was a very important level which was smashed on the down side, but might be resistance going up.

bobc

PS I always get the impression, members who give an analysis on this thread bought at 1500, and are now looking for a reason to hold their position. :crap::crap:

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Wise words:cool::cool:

 

My analysis is bearish which is wrong........ for the moment.:missy::missy:

Now LONG 2 contracts @ 1110 Target 1123 Stop 1105

1123 was a very important level which was smashed on the down side, but might be resistance going up.

bobc

PS I always get the impression, members who give an analysis on this thread bought at 1500, and are now looking for a reason to hold their position. :crap::crap:

 

This thread is a cemetery of bullish commentary.

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MM,

 

I don’t know how many times I will have to explain it instead of pasting posts with smilies and winkies and :other: - but when I use the “Good analysis of gold” quote started by some other recent poster, I’m being incredibly facetious. Like ;) ;) ;) ;) ;)... Starting to catch on?

 

And nothing in my most recent post referenced or commingled with that article or any other article... ie

 

(Spot X 2) or (Spot / 2) = all are bulls! The 'bearishers' just don’t realize their bullishness... It's occluded by price sensitivity... You'll have a hard time finding that assertion made explicit in any "_____ or ___ analysis of gold" article...:)

 

zdo

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MM,

 

I don’t know how many times I will have to explain it instead of pasting posts with smilies and winkies and :other: - but when I use the “Good analysis of gold” quote started by some other recent poster, I’m being incredibly facetious. Like ;) ;) ;) ;) ;)... Starting to catch on?

 

And nothing in my most recent post referenced or commingled with that article or any other article... ie

 

(Spot X 2) or (Spot / 2) = all are bulls! The 'bearishers' just don’t realize their bullishness... It's occluded by price sensitivity... You'll have a hard time finding that assertion made explicit in any "_____ or ___ analysis of gold" article...:)

 

zdo

 

Aha. Somehow I missed the winkies. Please don't use my error as an invitation to add more winkies next time to adjust to my disability. Two dimensional text is a poor form of communication.

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Looks like our ‘technical’ posters are scared to post, so I’ll just throw more conspiracy peces not yet covered by MSM (

;) ;) ;);););););););););););););););););)

+ 14 more hidden smilies for MM and Co. ;)

 

here goes :)

 

The ‘swan’ * =

global covert war

“currency war”, “space / kinetic war”, and “sabotage war” ... so far

 

August 11, 2015: China devalues the Yuan by 1.9%... "shockwaves" around the world ... “a devastating impact to the U.S. economy”. (???)

 

August 12, 2015: Tianjin struck by "Rod of God" weapon, a space-based top-secret kinetic weapon dropped from high orbit

 

August 22, 2015, early morning U.S. time, large industrial storage center in the Shandong province struck by "Rod of God"

 

August 22, 2015, later in the day U.S. time: massive explosion rips through a U.S. Army munitions storage facility near Tokyo, obliterating it.

 

(Sept. ___, 2015 Coordinated and partially successful grid attack on North American continent... )

...

So now we got

The ‘bounce’ *

 

:confused?:

All is well. Your dollars are safe. We now return you to your regularly scheduled programming

--- which currently consists of scared white noise from bulls who believe they are bears

:helloooo:

ie we patiently await some chart analysis ...

while waiting we do fun, useful :rofl: meme/narrative posts

 

 

* both the swan and the bounce 'discussed' in http://www.traderslaboratory.com/forums/market-analysis/12054-gold-bullish-bearish-204.html#post198839 )

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zdo your years of bullish posts precede you. So please stop with the bullish is bearish is bullish $1000 is $300 is $10000 bullsh.t.

 

Its ok if you don't want to stick your neck a make a call.

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The bounce is over, and with the big gains in the US Market yesterday,a short gold position looks good. Sell below 1120

As MM says, get the direction right and leave the analysis to the experts.;)

bobc

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And for those of you who dont understand fundamentals,elliot waves, Mars conjunct Venus ,or channel breakouts,heres a secret for trading Gold.I have always believed that Gold leads Silver up/ down.It turns out the other way round. For the last 4 years of the Gold bear market, Silver has been the leader and Gold has followed.

Easy, hey!! :roll eyes:

regards

bobc

:2c::2c::2c:

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