It can goes to 1600 max 1550.Next level is 1750 for next week.It cant go south forever
Before end of the month we will see 1800-1950
Before end of the month we will see 1800-1950
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
DislikedI for myself am being careful ...............
im worried about the weird behaviour of gold lately, it is behaving now like a risky asset more than a safe havenIgnored
DislikedI decede to closed on BE my short trade gold
I hope on monday will stilll be bearsIgnored
DislikedAll the chart is doing is moving sideways.
If you are not positioned in profit it is actually PERFECTT for scalping.Ignored
DislikedThe “tulip mania” took place in Europe during the 17th century. At its peak, the price of some tulip bulbs reached an amount that was equivalent to 10 times the average annual wage of a skilled craftsman.
...[/i]Ignored
DislikedAs long as other people are willing to pay the price for it, it holds value
Also, in case of hyperinflation (only tool left to get out of debt for biggest economies) gold will HOLD its value, while 1800 USD will be less (1200? 900? 600? nowadays)
im no bull, im no bear, i just try to see things objectivelyIgnored
Disliked
For example, during the last 30 years gold only appreciated at a real annual rate of about 1.5 percent. During the same time period, the value of the S&P 500 index neared a cumulated return of 750 percent in real terms.
Eli Beracha is a member of the Finance Department at East Carolina University.Ignored
DislikedYeah.....but what about the inflation value of your dollar.....since 1913 .......Ignored
DislikedThe “tulip mania” took place in Europe during the 17th century. At its peak, the price of some tulip bulbs reached an amount that was equivalent to 10 times the average annual wage of a skilled craftsman.
Needless to say, the price of tulip bulbs eventually collapsed by more than 99 percent and then stabilized at more appropriate levels.
Sounds silly right? Why would somebody pay such a high price for something that has no practical usage and no industrial need? After all, the only thing that you can do with a tulip is enjoy its beauty....Ignored
DislikedComical post. It's really amazing that when they find a treasure chest under the ocean floor hundreds of years later the gold is still worth something. Gold is money and has been for 6000+ years. A 1 once gold coin from 1000 years ago will still buy 1 once worth of gold today. Name one fiat currency from ancient times that can do that? Name on fiat currency from the recent past that can do that?
Gold has 'intrinsic value'. Also, in all those examples of hyper inflation the population used gold for barter because everyone on the planet...Ignored
DislikedAnother common argument among gold holders is that gold is a currency. This is simply a false statement because you can’t go into any kind of store and pay for your purchase in gold.Ignored
DislikedThis is a lie. Gold is legal tender. A 1 once U.S. Mint Gold Eagle coin has a face value of $50 dollars and can be used the exact same way a paper $50 dollar bill is used. It is legal tender and can used to pay any debt.
http://catalog.usmint.gov/webapp/wcs...egory_rn=13238Ignored