Gold Discussion

Some food for thought on the subject... http://jsmineset.com/wp-content/uplo...1/Document.pdf

Spot on Pirin.

I was too tired to put the trade on last night, wished I had now. Anyone else avoid trading when their tired, I just find that the risks are too high from mistakes.

And easy to spot

http://www.businessday.co.za/article....aspx?id=88209

I don't buy all this Gold hype as I consider Gold to be a useless commodity, but I never found a good way to express myself. Until I found this quote from Warren Buffet, that is:

Gold gets dug out of the ground in Africa or some place. Then we melt it down, dig another hole, transport it halfway round the world, then bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.

100% true

Just my opinion...

But, I believe gold will have more utility than USD in the next 10-20 years.

The world is a crapshoot. Unsustainable debt, massive deficit spending, coming energy crisis, exploding populations, dwindling food stores. I feel that we as humans understand on an instinctive level that we all need a universal medium of exchange. Gold has filled that niche for a long time.


NOT a pessimist, just a realist

...Not to mention that central banks charge interest on money that THEY CREATE OUT OF THIN AIR

...and S&L banks charge interest on loans THAT THEY CAN'T BACK UP

Fractional-reserve banking = FAIL





































...once again, just how I see it

Gold will cross 2000, 5000, 10000 and beyond in coming months, every trade is a good trade and trading gold is the only way to making millions in coming months.

I'm trading in bunch of 10 trades as one...which means loose or win...i consider the total of 10 trades as my outcome.

You can't PICK and Choose your gold trades. I start with buy and 80% of the time, i win and when i loose it is not much.

GOLD IS THE THING.

But we should also know why gold will be the king...it is for the aliens and Illuminati...they are the ones who collapsed the economy, now slowly they will turn every economy into gold based one.

The folks who made monetary based economy are behind the gold bull now, so you can relax and buy gold left and right..only way it will go is UP.

I have left my job...not that i had any worth talking about now i trade gold full time.

Gold back economy is a very big agenda by the government, we should understand that first...it is not the contrarian investor but the government itself who will promote gold.

already up 1300 PIPs since morning

precisely, it has no utility for humans, we need to really really understand what is going on. We can't trust folks like warren buffet, who put its own money in scammy banks for them to recover in addition to government bailing out the banks.

Gold is useless, yet we see so much talk about it, it is been deliberately pumped up for some other purpose, we need to understand , what real purpose is, who benefits from it.

Common, today gold is up 1300 PIPS, month on month.. it is up 60,000 PIPS, it will take all the GBPJPys and eur usd s 10 years to come up with that kinda pips..

Who is putting all this money..it is a very sinister game played by the elites.

It sounds ridiculous and crazy but it is true and happening right now in front of our eyes..its like f**cking bailing out of banks and same thing will happen to gold...we willl be powerless when gold shoots to 20,000...get on the game...you ain;t losing anything now..you will, we all will at the end but not now

good luck..

A gold backed currency in the future? That's an interesting idea.

Why would governments want a gold backed currency? The supply of gold is very easily manipulated and this would mostly benefit the private companies that supply governments with their money. Not the government and people themselves.

spider, What do you use to trade gold? ETF, futures?

What's so good about gold?

If you're long it makes you money

I posted a long term weekly chart on my blog, showing that price is getting very close to an interesting level

I've always been with a bullish sentiment about gold, with a special love for daily and weekly retraces. It's a very powerful move and we'll probably have a bit more of it, before having a powerful retrace, but my advise is, if you aren't long yet - wait for the retrace, and for those who already have build up their long positions - there will probably be some more pips coming but watch out, the speculative market is not a one way street

ditto.

I first though we were seeing our retracement when we met resistance at 1200. Oh sure, it pulled back alright. THEN it bounced off 1137. That is some strong buying pressure right there.


I think it is warranted too. Big changes are coming in our economy and everyone is trying to position themselves with something other than fiat bills. History doesn't repeat itself but it sure as heck rhymes.

I'm trading from Oanda spot gold, as im not in US and it is difficult to trade other forms of trading options.



We have to understand first that GOLD IS A USELESS COMMODITY, which has no utility to create jobs or put off hunger.

Now, If all the government in the world were good, they would not even need a gold back currency, with their moral high they could move ahead and go with electronic currency which would have been the natural progression as we are in electronic age and its secure etc.

We have to really think, why in this day and age, the government and contrarian nvestors are proposing gold back currency, when it could be easily manipulated etc as you said.

Well, it sounds ridiculous due to the fact that we have been indoctrinated and dumped down my the media and education.

The answer in coming years will be more pro founding that why the hell gold is going up, it is not related to currency or governance etc...it is related to outside world and planetary thing...alien stuff....i know i know hold on to your thoughts...its ridiculous right..well it is not, if only we look into the right direction.

Gold will shoot to the stars will cross 5000 10000 and beyond levels in coming years and then we will be forced to give away ourgold, the best thing in coming years would be to buy land with the millions we make from trading gold...

Nothing, There is absolutely nothing good about Gold. Thats is precicely the reason you should be trading gold right now.

Gold is as useless as sand for us people, but it has a great value for.... i know it will get crazy... for the aliens beings...who want gold and their time is up...

if you need more info, why gold is going up, when it is a useless commodity, you need to read the works of Zacharia sitchin.

Remember, Gold is not for us, it is for some other purpose, in coming years, they will jack up the prices so much that, everyone on planet earth will be digging gold, we were made slaves in earlier times to dig gold and nothing else...

Just wait and see, how gold shoots to the stars...its real.

I'm already up, 10,000 pips which would take me 5 years to do with currencies.

Remember gold is not our friend..we are just trading gold to make some money and do other stuff...we are trading a war against gold

yea yea aliens, nibiru, anunnaki.

I personally don't think I believe it that but its your prerogative.

It IS my belief that the dollar will continue to decline in value and all precious metals will act accordingly.

Do you have a strategy or method that you trade?