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Gold Discussion

  • #621
  • Sep 28, 2009 11:58am Sep 28, 2009 11:58am
don't worry

very soon gold will be the only accepted currency

paper money will be revealed as the paper emperor with no clothes

us gov knows a major terrorist attack is imminent which explains their desperate rounding up and publicizing the losers they were able to set up

when it happens watch how fast gold flies up
  • #622
  • Sep 28, 2009 1:10pm Sep 28, 2009 1:10pm
Quoting Fx24k
don't worry

very soon gold will be the only accepted currency

paper money will be revealed as the paper emperor with no clothes

us gov knows a major terrorist attack is imminent which explains their desperate rounding up and publicizing the losers they were able to set up

when it happens watch how fast gold flies up

or total world collapse as stock market tanks and there is a run on the banks

Gold and paper money will be worthless and only drinkable water will have any value.

lol
Blogging daily now at www.volume.zone
  • #623
  • Sep 28, 2009 1:29pm Sep 28, 2009 1:29pm
when the collapse happens and martial law is declared,i am hopping on my boat in seattle and sailing to my island off british columbia north of vancouver and hunker down in my passive solar earth sheltered home with escape tunnels and stocked bunkers with my stainless berettas and mini 14s.
will be pulling fresh salmon and dungeness crabs from the clean waters to feast on while watching the looting rioting mobs starving on tv.
kinda like dr no's private island fortress.
  • #624
  • Edited 4:04pm Sep 28, 2009 3:22pm | Edited 4:04pm
Nothing much to say about today - the day isn't over but it was so boring I allready updated the chart for Sept. 28th on my my blog.
  • #625
  • Sep 29, 2009 12:11am Sep 29, 2009 12:11am
I think Gold is running out of its steam, and we will see downward direction soon
  • #626
  • Sep 29, 2009 1:48am Sep 29, 2009 1:48am
Quoting malcolmb14
or total world collapse as stock market tanks and there is a run on the banks

Gold and paper money will be worthless and only drinkable water will have any value.

lol
haha , you read my mind, i enjoy reading the apocalypse scenarios as well.

what was the AUD/$ - XAU/$ correlation and how does it look in the last weeks, does anyone have the percents?
  • #627
  • Sep 29, 2009 8:01am Sep 29, 2009 8:01am
Shall We Go Down !?
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  • #628
  • Sep 29, 2009 8:01am Sep 29, 2009 8:01am
hi this is my first post im not a new trader but heres my thoughts on gold

gold is heading back down now to 932 we will see spikes up to and above 999 - 1005 add sells around here and target 932

enjoy the ride
Making money is easy keeping it is harder
  • #629
  • Sep 29, 2009 9:25am Sep 29, 2009 9:25am
The strengthening dollar is cutting into demand for gold as the dollar reached a two week high against the euro. The correlation between gold and dollars has been very high as of late and will probably continue to follow the movements in the euro-dollar. In spite of recent dollar strength, I still see gold going to $1,100.
  • #630
  • Sep 29, 2009 3:35pm Sep 29, 2009 3:35pm
Updated daily chart on my blog
  • #631
  • Sep 30, 2009 2:46am Sep 30, 2009 2:46am
Point of concern for gold from a demand point of view: Indian imports, the world’s biggest buyer, probably fell for the fifth month in a row during September as the price of gold is keeping jewelers from buying. India has imported less since April and imports last month were 21.8 tons compared with 98 tons a year earlier. In spite of this, I don’t believe gold is trading based on supply / demand, but more technicals and fear.
  • #632
  • Sep 30, 2009 5:47am Sep 30, 2009 5:47am
Hell7, your call's been on the ball so far, so kudos for that. But with gold back at a 1,000, I'm wondering at what level does further downside go out the window? I'm not convinced that it won't go down further, but on the other hand maybe the 985 we saw is as close as we're going to get to that median line of the pitchfork. So what would be a signal for you that the downtrend is over - a few closes above the top line of the pitchfork, say 1,019?
  • #633
  • Sep 30, 2009 6:29am Sep 30, 2009 6:29am
Quoting jabalong
Hell7, your call's been on the ball so far, so kudos for that. But with gold back at a 1,000, I'm wondering at what level does further downside go out the window? I'm not convinced that it won't go down further, but on the other hand maybe the 985 we saw is as close as we're going to get to that median line of the pitchfork. So what would be a signal for you that the downtrend is over - a few closes above the top line of the pitchfork, say 1,019?
The pitchfork is off course only a guide, but price broke several trendlines without backtesting and I don't trust upswings without a proper base.

But remember: I am a daytrader, and I don't mind switching sides when proven wrong. And closing above the fork, as you mention, could be all the proof I need
  • #634
  • Sep 30, 2009 6:46am Sep 30, 2009 6:46am
Quoting Tiger21
Point of concern for gold from a demand point of view: Indian imports, the world’s biggest buyer, probably fell for the fifth month in a row during September as the price of gold is keeping jewelers from buying. India has imported less since April and imports last month were 21.8 tons compared with 98 tons a year earlier. In spite of this, I don’t believe gold is trading based on supply / demand, but more technicals and fear.
ur correct abt one part tht is the physical buying is less but the investment buying from central banks and hedge funds because they betted on gold to hedge against inflation... And demand and supply exists in any market
  • #635
  • Sep 30, 2009 8:16am Sep 30, 2009 8:16am
Does anyone know of a broker (or bank) that offers LME or NYMEX gold put/call options through web interface?
  • #636
  • Sep 30, 2009 9:57am Sep 30, 2009 9:57am
Quoting fxphone
hi this is my first post im not a new trader but heres my thoughts on gold

gold is heading back down now to 932 we will see spikes up to and above 999 - 1005 add sells around here and target 932

enjoy the ride
Monthly chart shows the precious metal heading upwards.. Maybe we won't see its price below $1,000 anymore after it hits $1,032 the all-time high..
  • #637
  • Sep 30, 2009 10:09am Sep 30, 2009 10:09am
The soft dollar will continue to support gold prices and will be the driving force for further increases in gold. In the event there is an improving economy, then inflation concerns should drive investors into gold. In the event the economy takes a turn for the worse, then a flight to safety and a risk-free commodity will drive investors into gold. Gold is headed for its biggest three month gain in 6 quarters, so I would expect a consolidation period prior to another extended breakout. I am still long gold at these prices.
  • #638
  • Oct 1, 2009 2:05am Oct 1, 2009 2:05am
My daily chart of Sept. 30th 2009 is posted on my blog
  • #639
  • Oct 1, 2009 4:14pm Oct 1, 2009 4:14pm
My daily chart of Oct. 1st is posted on my blog.

No trading tomorrow as it's NFP day
  • #640
  • Oct 2, 2009 4:16am Oct 2, 2009 4:16am
Well i found an article in today's News.. i think you might find it interesting...

http://www.news.com.au/adelaidenow/s...45-913,00.html
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