Gold Discussion

... on hindsight

in the eighties public debt as % of gdp was in the twenties, personal saving rates were about 10%, the us had an industry, there were no hedonic price adjustments, no greater wars, no democratic president, no tarp, no maiden lane or other "assets", dow/gold ratio was below 5, so yes back then it was a bad long term investment. also i wouldn't call gold an investment, rather an insurance.

edit: trade balance
http://www.federalreserve.gov/pubs/i...92/ifdp892.htm

http://www.federalreserve.gov/pubs/i...92/figure1.gif


edit: dow/gold chart
http://www.nowandfutures.com/key_stats.html

http://www.nowandfutures.com/images/...urrent_rev.png

Everything is on hindsight.

Gold up x% since 20## - what do you think that is? Hindsight.

House prices down y% since 200# - what do you think that is? Hindsight.


Just to clarify.
Gold might be the future. I am not saying it isn't. All I am saying is you won't know until you get there.

What I am also saying is that gold sucks on a 30 year window. This doesn't mean it won't be a spectacular performer over the next 5, 10, 30 years.

None knows.

here's my view for gold on the daily chart.. if it breaks the 61.8% fib level perhaps it correct 100% then..

China to overtake India in gold buying

http://in.reuters.com/article/busine...44562020091208

The purchase or lack of such in regards to physical gold doesn't really relate to a trading market which is heavily manipulated by well funded powers. However, as "in the cash" as China is, four U.S. or European super banks could drive gold to $200/ounce if they wanted to...

future is by design, not by fate or destiny, we create our own reality.

You are right, dollar will decline, but not as easily as it sounds, cos the aliens fear that, people will loose faith in the currency and government and then people will resort to good ol barter system and try to create their own little communities.

They will do it systematically, they dont want to cause chaos, yet turn every human into slaves.

They will give a jerk up and down, up and down reaction, like they did for dubai, next may be brazil or china or korea, no us or uk cos thats where alien base is right now.

Its very difficult to trade gold, cos there is a war going on literally above our heads to control our planet, so i take a very simple gambling approach.

I take 30 trades into as a one trade...if you look at 30 trades on any length, gold will go up and down but eventually you will be a winner. simply put 7 out of 10 is a winner, if the trend is very stroung downwards...then its opposite...no need for any indicator...and its a fact, you can check the excel sheet for gold from metatrader..monthly trades are never loosers.

I know this sounds stupid about aliens etc, but since the info i got, im very confident in trading gold and im up 10,000 pips...cos if you know by fact that...there are forces above that control the currency, we know where its going.


The aliens made sure that we concentrate on indicators and fundamental or technical trading not on themselves so that they can carry on their hidden agenda.

The day i threw away my formal education, and started researching on my own, i knew who im right away....good luck

We dont have to work 8 hours a day or 365 days, just few decisions and we are for eternal holiday for ever.

Good that people are waking up, its the age of awakening, and now we are all coming to know the hideous designs of the government.

We have to understand that, the history we know, was written by the Illuminati or the bad aliens . It does not have one inch of truth in it.

Aliens were here on planet earth for 1000's and 1000's of years, this is one fact WE MUST GET INTO OUR HEAD BEFORE WE BEGIN TRADING.

The world is not what it seems like....

99% of traders fail...do we know why...its not because of technical trading or fundamental flaws, its because they been made to look elsewhere from the truth.

The 1% who control the world are infact the aliens, who are winners and we all are losers, this currency were created by them to control the humanity.

Let me ask skeptics this...how far has fundamental and technical trading been so far, in spite of 100s and 1000s of indicators and years of experience why is it that more than 90% of traders loose.

People its time to look else where the real truth is..

People should not even THINK about trading without knowing the fact that aliens exist and they control this system.

Its not humans who control currency its the aliens....without studying the behaviours and patterns of aliens it is impossible for any human to succeed in currency.

Every major trading house is controlled by the free masons, every American president was a member of freemasonry, secret society, people need to ask tough questions like why is that all American presidents are directly linked to European royal families, even barak oabama IS..

The wold is not what it seems to be folks...we have been lied since the day we were born.

Ok...I have not lost money in trading since the day i knew the game.

It has nothing to do whatsoever with technical or fundamental analysis...it has only all to do with an Alien agenda.

You wanna be successful, trade long term weekly or monthly..know the game from outside in not inside out..

Regarding, mining, you are right there are asteroids and other planets where there is abundance of gold, but people won't believe that there is already huge mining operations going on in other planets that NASA pics wont show...its like water on the moon thing....they will let you know when they want it.....

How do you think asteroids are formed, its not because of some planet collision or attack of comets etc.....thats the media or formal education wants you to believe it......The truth however is ...its the explosion of planets to mine gold done by a very powerful race of aliens.

The other planatory gold and mineral are depleting, thats why they are coming to earth and will turn Every human into slaves for mining gold..

Human don't loose, its not in our nature, we have been conditioned to believe that losing and winning is a part of the game...NO IT ISN"T ....losing and winning was not part of our lifes..until thousands of years ago..these aliens showed up.

We were in perfect harmony with nature....untill these guys decided to control the planet.

Good Luck...

LOL good one

100 % right gold move to 1200 ...

we have to ask why .

Is inflation out of control .... NO
were the market dropping off the edge of a cliff .... NO

here is the reason for gold push up ..... to push usd down for a shake out of week longs and entice new shorts. The usd is going to be short squeeze for the next 18 months. The gold play ' GOLD TO 1500 ' BS as the oil play at 149 going to 200. All the retails investors buying gold while pros selling into the strength . That is why all that high volume on your charts. I shorted gold 1205...target 900 for now

BTW check out recent posting ..last one day shows 3000 to 4000 pip drops in eu and gu , tht are not IF they happen but WHEN

RIGHT NOW WITH A SIMPLE 30 K , 10 K SHORT EU , 10 K SHORT GU AND 10 K SHORT GOLD THERE IS OPPERTUNITY TO MAKE 1.3 MILLION

think gold 800 even

If the news said ...

for the benefit of your health and to reduce the risk of cancer by 90% stick your head in the oven for 30 minutes per day at 400 deg c ....would you ?

do not believe everything the news tells you

in fact think the opposite 90% of the time seems to work

I have been trading GOLD for last 2 years I bought 0.36 kg at 926 and sold it out at 1176, I actually bought physical gold, now its been good trend developing for another good BUYING entry I will be looking for 950.xx level for another BUYING decision. if it goes below 950 i will buy more and for sure it would be a 3 to 4 months holding investment to atleast make 65% to 70% of what ur going to invest ...so good investors or average investors hold your money till gold reaches 900+ region

Interesting, how do you know this?

It will be interesting if it will break the 1000 level.

The price on the 4H chart will hold & move back up (refer 1st attachment) but the daily chart shows the price will break the 23.6% Fibo retracements with ease (refer 2nd attachment). Now, the big question remains i.e. will the price on the weekly chart hold & rebound when it touches the 23.6% Fibo retracements in the upcoming week (refer 3rd attachment)? Wait & find out soon...

dollar index weighted 57% euro

the volumes we have seen over the last few weeks have been the a HIGHEST since the inception of the dx about 12 years ago .

I use VSA to trade with , nothing else , so all this volume is buyers on 75 ...aka accumulation that has been going on since Oct

we will move to 78 , forming wave 1 , wave 2 to about 76 ish , then wave 3 up into 84....not sure on the exact time lines...but thru 2010 into 2011

I could go into all the fundamental reasons why this will happen ...and come on is Europe any better off than the US ? with Spain unemployment a staggering 27% ...

DZZ: Gold double-short ETN.

http://i45.tinypic.com/28a7xtz.png

I"ve seen your post on the VSA thread, good stuff.

Jim Rogers recently said he's bullish on the dollar. He said everyone is pessimistic that a rally is due. I can see a dollar rally and your analysis makes sense. Now as far gold breaking under 1000, we'll have to see.

Thank you for the response.

Interesting. I think someone mentioned the COT had record commercial traders short...

http://www.currencytradermag.com/

is free trading mag on the web .. really good. I subscribe to the paid futures version

in this months issue there is some very interesting points on how us could deal with the weak usd ..

they are the number1 holder of gold .. if they sold of some of their reserves could get interesting .. this from the mag .IF they did this it would crush gold and push dollar up ALOT.

A second idea is equally intriguing. The U.S. holds the
biggest amount of gold of any country in the world (8,966
tons; see Table 1). The U.S. could sell a few hundred tons
of gold to retire debt and still have plenty left over. It
could issue gold-backed bonds. It could issue bonds that
pay interest in gold. The list is (almost) endless of all the
things that can be done with this hoard of gold that is not
earning a return, costs a bundle to store, cannot be insured,
and doesn’t even keep up with inflation.

Commercial shorts have outweighed longs for going on six weeks. It just took a while to exhaust the supply of buyers.


PS:

Does anyone know anything about futures contracts seasonal cycles:

A couple of weeks ago the Dec gold contract volume went to zero, but then the most actively-traded contract was Feb. Why did they skip Jan?

Am I correct that gold futures trade monthly, not quarterly?