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Gold Discussion

  • #641
  • Oct 2, 2009 7:54pm Oct 2, 2009 7:54pm
Thanks oi, certainly an issue how gold performs in different currencies. There's no doubt that it underperforms at times, but look at its track record in recent years:

http://goldprice.org/charts/history/...erformance.png

That's a lot of green on the board and big numbers, which coincide with a period where many currencies, including AUD and CAD, we're going gangbusters over the USD, yet still outperformed by gold. As long as we're in a gold bull market, which I think still has some years to run, gold will outshine most currencies most of the time.
  • #642
  • Oct 4, 2009 6:20am Oct 4, 2009 6:20am
Friday’s weekly CFTC update:
Speculative long positions outnumbered short positions by 231,386 contracts, down 5,363.
Miners, producers, jewelers and other commercial users were net short 275,234, down 12,376 contracts.
No huge change, so I interpret it to reflect no change in the expectation of the price of gold.
  • #643
  • Oct 4, 2009 7:41am Oct 4, 2009 7:41am
I posted my weekly analysis for the week ending Oct. 2nd on my blog
  • #644
  • Oct 4, 2009 10:20pm Oct 4, 2009 10:20pm
Quoting jabalong
Thanks oi, certainly an issue how gold performs in different currencies. There's no doubt that it underperforms at times, but look at its track record in recent years:

http://goldprice.org/charts/history/...erformance.png

That's a lot of green on the board and big numbers, which coincide with a period where many currencies, including AUD and CAD, we're going gangbusters over the USD, yet still outperformed by gold. As long as we're in a gold bull market, which I think still has some years to run, gold will outshine most currencies...
Thanks for the Info. it is very helpful ...
  • #645
  • Oct 5, 2009 5:43am Oct 5, 2009 5:43am
Was reading that Deutsche Bank's Macro Strategy Group recommended emerging-market assets, high-yield bonds and gold as likely to benefit from a "global sweet spot" of economic recovery and central-bank liquidity, which it called "the perfect mix for a range of risky assets." The group sees gold going to $1,100 an ounce.
  • #646
  • Oct 5, 2009 7:26am Oct 5, 2009 7:26am
CLSA Asia-Pacific Markets, which is the region's top-rank investment research house, advises its investors to have 20% in bullion and 15% in gold mining stocks.
  • #647
  • Oct 5, 2009 8:03am Oct 5, 2009 8:03am
Hell7, here's an analysis in line I believe with what you've been calling for:

http://www.clivemaund.com/charts/goldytd041009.gif

Can read the text to go with it here.
  • #648
  • Oct 5, 2009 8:49am Oct 5, 2009 8:49am
Quoting jabalong
Hell7, here's an analysis in line I believe with what you've been calling for:
  • #649
  • Oct 6, 2009 3:28am Oct 6, 2009 3:28am
Shorted yesterday on 1004.30 sh..
will see what is going to happen
  • #650
  • Oct 6, 2009 4:25am Oct 6, 2009 4:25am
up to 1020 already..it seem like to go to test 1035
  • #651
  • Oct 6, 2009 5:20am Oct 6, 2009 5:20am
What do you think about this?
http://www.independent.co.uk/news/bu...r-1798175.html
Looks like a revolution.
US indexes down today?
  • #652
  • Oct 6, 2009 8:08am Oct 6, 2009 8:08am
sold this bitch
ROBOT FOREX
  • #653
  • Oct 6, 2009 8:20am Oct 6, 2009 8:20am
Quoting goldman
up to 1020 already..it seem like to go to test 1035
Nice show! There's nothing stopping it! We probably won't see it under $1,000 anymore. Yippie!
  • #654
  • Oct 6, 2009 9:57am Oct 6, 2009 9:57am
As a follow-up to my post a few weeks back about Adam Hewison's video on cyclical tops and bottoms in gold, where he was expecting a bottom sometime between 1-13 October, he figures it came a couple of days early on 28 Sep and off we go again.
  • #655
  • Oct 6, 2009 11:09am Oct 6, 2009 11:09am
Even though the current inflation rate is low, the risk of a blowup in inflation in the future is becoming higher all the time,” said Adam Farthing, Deutsche Bank AG’s head of metals trading in Asia. “Gold is pricing that in.”
Farthing projected the metal will reach $1,150 by the end of the year
Learn the words... speak the words
  • #656
  • Oct 6, 2009 11:11am Oct 6, 2009 11:11am
she in my selling list right now! 1040 no TP with SL at 1045..

in addition sell limit at 1049 and 1080. just in case she try for higher higher higher high! haha
Learn the words... speak the words
  • #657
  • Oct 6, 2009 1:17pm Oct 6, 2009 1:17pm
tingwei nice price call. im having some of that-our sell orders at 1040 have triggered. currently 23 pips . ive got a buy at 1022. could see it pop back up quickly though. Gold as a proper currency soon. hoorah.!
  • #658
  • Oct 6, 2009 3:33pm Oct 6, 2009 3:33pm
I posted my daily chart for Oct. 6th, 2009 on my blog
  • #659
  • Oct 7, 2009 2:33am Oct 7, 2009 2:33am
Retracement : sell @ 1040.62, target -> 1030.95 ,1000 pips
  • #660
  • Oct 7, 2009 3:41am Oct 7, 2009 3:41am
record broken again.
Learn the words... speak the words
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