Top reasons why Gold is tanking/tanked? | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Why does gold/usd have the symbol: XAU/USD? 14 replies

Why can't I find USD/gold/silver etc. in the COT report? 5 replies

why would you trade spot gold, and not GC (Comex)? 6 replies

Why the sudden spike in Gold? 2 replies

why gold is going down? 3 replies

Attachments: Top reasons why Gold is tanking/tanked?
Exit Attachments

Top reasons why Gold is tanking/tanked?

  • Poll

  • What's the most probable reason
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  • #1
  • First Post: Edited 5:20pm Jan 24, 2011 5:07pm | Edited 5:20pm
9 reasons came to my mind, which one if the most probable in your opinion?

Phew i had a hard time with the 100 character limitation
  • #2
  • Jan 24, 2011 5:13pm Jan 24, 2011 5:13pm
The FED stopped printing money and is now destroying money, increasing the value of paper money, and thus people are selling gold for cash.
Private message me for a link to my order flow website.
  • #3
  • Jan 29, 2011 10:54pm Jan 29, 2011 10:54pm
Commitment of traders, more sellers than buyers so the order-flow changes composition.

Positions as of Jan 28 2011;

Processor long:65,401 short:192,983
Swap long:93,948 short:163,849
Mangged Money long:160,562 short:22,345
Other (retail ) long:72,163 short:49,791

That means the two biggest groups, processors and swap are now primarily short selling, creating supply and driving prices lower while the managed money and retail traders are primarily long in a declining market with no new buyers on the horizon.

I also like grkfxs explanation to this situation, the fed has stopped the presses? I did not know that, I just don't pay close enough attention to the fundamentals.

There used to be a really sharp trader on FF who started the Weekly COT report Analysis + Trade Ideas thread named shahab8b and he had alot of good analysis of COT trading on his thread. Another good thread to read is golferfx's trade journal The Ags...corn,wheat,beans and discussions. And anyone that wants to put in the time and effort would learn alot from Larry Williams. He has an awsome book called Trade Stocks & Commodities with the Insiders: the secrets of the C.O.T report. Its the only book of his I have read so far, and if anyone else has read his other books please, please post or private message me to tell me your thoughts on his other books.
  • #4
  • Jan 29, 2011 11:04pm Jan 29, 2011 11:04pm
Gold is in a correction and heading to 2000+ in the future
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #5
  • Jan 29, 2011 11:29pm Jan 29, 2011 11:29pm
Quoting LasVahGoose
Gold is in a correction and heading to 2000+ in the future
Do you see a lower consoldation period? It seems like there are a lot of shorts in the market right now, so a lower price would be inevitable.

But there is also an estimate going around based on the Consumer Price Index that would give gold a true value about $1800 an ounce, and there are even a few bold claims that the CPI doesn't reflect true inflation, and gold should be a whopping $5500 an ounce.

I am definitely following the C.O.T perspective, but if more buyers than sellers begin to enter the market, the sky could be the limit.
  • #6
  • Jan 29, 2011 11:42pm Jan 29, 2011 11:42pm
Quoting LasVahGoose
Gold is in a correction and heading to 2000+ in the future
I wouldn't be surprised to see Gold reach 1382.9 in the next week or two.
  • #7
  • Jan 30, 2011 12:04am Jan 30, 2011 12:04am
Quoting GulfCoastPip
I wouldn't be surprised to see Gold reach 1382.9 in the next week or two.
Spot is 1338.4 and futures for feb march and april are roughly 1341, but the last high on Dec 6 2010 was 1426, so we are definitely in a down trend.
Attached Images
  • #8
  • Jan 30, 2011 12:08am Jan 30, 2011 12:08am
Quoting beachallstar
Spot is 1338.4 and futures for feb march and april are roughly 1341, but the last high on Dec 6 2010 was 1426, so we are definitely in a down trend.
When it comes right down to it, even professionals are amateur analyst.

We all have a difference of opinion and that's what makes the market. Many green pips to the one that's on Mr. Market's side.
  • #9
  • Jan 30, 2011 3:14am Jan 30, 2011 3:14am
Quoting beachallstar
Spot is 1338.4 and futures for feb march and april are roughly 1341, but the last high on Dec 6 2010 was 1426, so we are definitely in a down trend.
A trend, eh? What time frame?
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #10
  • Feb 17, 2011 7:00pm Feb 17, 2011 7:00pm
Quoting GulfCoastPip
I wouldn't be surprised to see Gold reach 1382.9 in the next week or two.

beachallstar, looks like it played out. Wasn't a week or two, but three instead. It was all long.
  • #11
  • Feb 18, 2011 3:35pm Feb 18, 2011 3:35pm
On the money GulfCoastPip. I still say the trend is down over all though, manged money is long 166,406 vs short 12,172, so you gotta wonder where the new buyers are going to be coming from.
Attached Image
  • #12
  • Feb 28, 2011 9:23pm Feb 28, 2011 9:23pm
USA is bankrupt and there are fears that USA will sell gold upto 100,000 Tons.
  • #13
  • Mar 1, 2011 2:01am Mar 1, 2011 2:01am
nobody has 100,000 tons - according to wiki only 165,000 tons have been mined through all of history....

beeb
  • #14
  • Mar 3, 2011 5:57am Mar 3, 2011 5:57am
The sadistic side of me would like to see this bull run over, so everyone who bought into the gold fairytale gets their faces burned off.

oops, speaking out loud again.
  • #15
  • Apr 1, 2011 11:52am Apr 1, 2011 11:52am
Nonsense. Gold will continue to soar, as USD becomes worthless.
  • #16
  • Apr 6, 2011 8:34pm Apr 6, 2011 8:34pm
As per official reports the total of all the mined gold in world is 160,000 tonnes. Unconfirmed reports say there is more than 1 million tonnes of gold in the world.
  • #17
  • Apr 7, 2011 1:34am Apr 7, 2011 1:34am
Quoting internation
As per official reports the total of all the mined gold in world is 160,000 tonnes. Unconfirmed reports say there is more than 1 million tonnes of gold in the world.

"unconfirmed reports" say there are fairies at the bottom of my garden.... would you care to elucidate?



beeb

ps if it involves the Bilderburg (sp)Group, the Illuminati or aliens disguised as humans, don't bother......
  • #18
  • Apr 7, 2011 3:01am Apr 7, 2011 3:01am
Quoting beeb
"unconfirmed reports" say there are fairies at the bottom of my garden.... would you care to elucidate?
This has been posted in gold forum.

My ex company is a legal firm. I saw contracts for gold deals before. Last year my boss (a lawyer) drafted contracts for total of 480 000 metric tonnes gold.

My boss represented a seller, and the golds sold to 12 buyers around the world. So, the data from World Gold Council is totally wrong. The world has much more gold than 160 000 metric tonnes.

By common sense, we know the fact (world only has 160 000 MT gold) is wrong. if by size, 160 000 mt gold is only a cube with dimension 20 m x 20 m x 20 m. I believe the world gold has more than 1 million tonnes.
  • #19
  • Edited 3:26am Apr 8, 2011 1:11am | Edited 3:26am
Quoting internation
This has been posted in gold forum.

My ex company is a legal firm. I saw contracts for gold deals before. Last year my boss (a lawyer) drafted contracts for total of 480 000 metric tonnes gold.

My boss represented a seller, and the golds sold to 12 buyers around the world. So, the data from World Gold Council is totally wrong. The world has much more gold than 160 000 metric tonnes.

[font=Times New Roman][size=3]By common sense, we know the fact (world only...
Do you know the value of 480,000 metric tons of gold?
1 metric ton is 32,150 ozs. So 480,000 tons is 15,432,000,000 that's 15.4 Billion ounces - I leave you to work out the value of it...

I don't believe a word of this - if you were involved in a legal firm that dealt with 480,000 metric tonnes of gold (and this wouldn't be a law firm deal, it would be a government deal) you would have the sense not to blow your mouth off.

Now, about the fairies at the bottom of my garden.......and i also have a nice bridge I'd like to sell.....



beeb
  • #20
  • Apr 12, 2011 2:33am Apr 12, 2011 2:33am
Quoting beeb
Now, about the fairies at the bottom of my garden.......and i also have a nice bridge I'd like to sell.....
It is true. The Treasury sold the 3 Billion ounce or 100,000 Tons of silver they had in the 1950s, and then the 400 Million ounce silver or so strategic stockpile got sold/used up by the early 2000s.

This shows that the Treasury had 3.28 billion ounces of silver at the end of 1942. Many people claim (a/k/a have fallen for) the U.S. having 5.9 Billion ounce of silver at one time, but that seems to include coinage (or was perhaps simply made up).

http://digicoll.library.wisc.edu/cgi...YB1941&isize=M

http://uscode.house.gov/download/pls/31C51.txt
0 traders viewing now