DislikedOver half of the gold produced is going to India, if gold's major use is electronics then all of it should be going to China
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George
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DislikedOver half of the gold produced is going to India, if gold's major use is electronics then all of it should be going to China
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Dislikednot to plug any brokers but, I have one MT4 broker and fxcm, since fxcm overhauled everything and went supposedly "ndd/stp" I have no complaints.
Not once have I had a requote or odd message, whereas with Mt4 this is a constant.Ignored
DislikedThat is what was said about DotBomb era. "It is different this time, new paradigm blah blah blah!"Ignored
QuoteDislikedWho came up with that chart. USA did not exist till 1776 ?????
DislikedTo compare gold's boom with dot com boom, i'll first have to study what the dot com boom was all about? i have heard it but never went into it for a research.
It is 12 am here, i gotta go sleep, will see you tomorrow, Insha-Allah.Ignored
Disliked..... At least the 'we buy gold' sheep are making money hand over fist.Ignored
DislikedAre they? Do you remember the days pre-Blockbuster Video that there was a mom and pop video store on every other street corner.
Where are they now and how many of them even during the boom were making money hand over fist.
When bubbles break very, very few see it coming and it happens in a blink of an eye.
BTW I am not delusional to believe I will be one of the few who will see it before the masses. I just play the game and remain vigilant to the risk for once it does all goes pop!Ignored
DislikedIs it possible that you are underestimating the historical relevance of gold as a fall-back when debt bubbles cause currencies to collapse? .......Ignored
Dislikedaccording to d1 stochastic, gold now in the down trend and there is double top showing. what do you think?Ignored
Reportedly, there was only 8% in redemptions requested of all the funds, according to Bloomberg, about $2.4 billion, but Paulson still dumped 11 million shares of gold, according to the latest 13F filings. He still owns 20.3 million shares.
Many experts have been worried of mass liquidation by Paulson and what that would do to investor psychology in the gold market.
Jon Nadler, senior analyst at Kitco.com, has warned of volatility in gold as "hot money" or hedge fund money comes out of the market, but he says that Paulson behaved exactly as he should have.
"It was to take advantage of probably the only profitable position he had in order to mitigate the damage from other decisions that were made in the portfolio. This is precisely why you keep a small cushion in gold in your own basket of assets. You then mobilize the gold when/if the time comes." Nadler is worried about a sizable chunk in a small market moving the price.
Scott Redler, chief strategic officer for T3Live.com, is more optimistic -- that Paulson's sale means that he is "out of the way ... now gold is acting much better." Redler says the technical levels of GLD look good and that the ETF could rally to $180. "It means there is less resistance, and it could be easier for gold to move to the upside. Tony Rochte, managing director of State Streer Global Advisors, admits it's not great that Paulson sells, but "I would say there are just as many new investors learning about gold about gold as an asset class and accessing that market through the GLD."
DislikedMy price projections needs updating as I had a low data point for today's projection.
1745 to 1789(today)
1789 down to 1767
1767 to 1810
1810 down to 1795
1795 to 1830
1830 down to 1780
I'm short @ 1788
Have a great weekend.Ignored