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  • #61
  • May 12, 2013 11:25am May 12, 2013 11:25am
Quoting ClockTrader
{quote} Almost every single ancient festival of India is based on Lunar cycles, for eg, certain festivals would fall few days before new moon while some fall on full moon & so on. Moon takes about 29.x days to complete one cycle around Earth (new moon to new moon). After doing intense research in the past 6 years, by correlating these cycles with Forex waves, I am 100% sure these waves can be predicted, however, apparently, I have not mastered this art yet. I will keep you all posted and put my strategy in pictorial form in a day or two.

Thats interesting and logical....good research.
  • #62
  • May 12, 2013 11:37pm May 12, 2013 11:37pm
As per my Lunar / Astro technicals (based on ancient Indian Festivals), the buy period has started & will carry on for another ~7 days or so. Now as we can see 7 days can be a very looooooong period given the fact that Gold can fall almost 10% in one single day.

Using my common sense & instincts I just hope it doesn't fall below ~1380 or so. Going forward, I am 100% sure that we shall be looking at a clear bottom by mid of next month.
Attached Image (click to enlarge)
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  • #63
  • May 12, 2013 11:39pm May 12, 2013 11:39pm
Quoting shahtijani
Hi, rather than being just a fundamental trader it is better you keep you shoes in the safe area by looking into both technical and fundamental views. Currently gold is not behaving as it used to in previous years
Mate,

Lunar & Astro cycles are pure science for me. Its like physics. Gold is behaving exactly the way it should, its falling in right place as far as my technicals are concerned.

Only downside is that I cannot precisely point a date / time in future when it will bottom out. But, I do know few months when it should be bought. Its like there is a sowing season & then there is a harvest too.
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  • #64
  • May 12, 2013 11:43pm May 12, 2013 11:43pm
Quoting alex4xes
{quote} You method is interesting however I follow TA. As per TA also, I should agree with its bottom coming soon, probably within this week or next week. Infact I consider the low which was at 1321.00 handle will be the last low & the fall which will happen this week & next week will not breach that low. However sellers will push the price to 1345-1325 handle before there will be some bullish develoment in this instument. The key price handle is 1345-1325, if price breach this level then I will sit aside for further development of PA to understand...
Next 2-3 weeks will clearly show us a very very long term bottom. I expect high volatility trending towards bottom. It has been behaving right lately, going up & down & then down in the last 2 weeks. The bias is downwards which should not go beyond 21st or 24th in worst case.
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  • #65
  • May 13, 2013 12:03am May 13, 2013 12:03am
Based on what I've read - the low would come by sometime in June, just as you say.
I'm someone who definitely is not Indian, but who spent years in the Hare Krishna movement before converting to... Catholicism.

During my time there, I felt very attracted and ended up learning a ton about vedic astrology ...and certainly how all the holi-days, festivals are totally astrologically based and specifically LUNAR - ... that system of astrology is detailed and ancient - more accurate than western. I don't follow any of that stuff anymore, but...
For trading, I will try to follow your thread, which I was surprised to find. We shall see.
  • #66
  • May 13, 2013 12:38am May 13, 2013 12:38am
Quoting Greenstar
Based on what I've read - the low would come by sometime in June, just as you say. I'm someone who definitely is not Indian, but who spent years in the Hare Krishna movement before converting to... Catholicism. During my time there, I felt very attracted and ended up learning a ton about vedic astrology ...and certainly how all the holi-days, festivals are totally astrologically based and specifically LUNAR - ... that system of astrology is detailed and ancient - more accurate than western. I don't follow any of that stuff anymore, but... For trading,...
I'm honestly glad to see someone who can feel what I'm trying to express in this thread. If you have indeed good knowledge of Vedic Astrology & related lunar cycles, I request you to take a re-look at the transits & I bet you'll agree why I'm focusing hard on mid of June to find crystal clear bottom.
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  • #67
  • May 13, 2013 5:48am May 13, 2013 5:48am
Interesting article....

Nice read to understand what gold is ?

http://priceactionreader.webs.com/ap...vestopedia-com
  • #68
  • May 13, 2013 8:36am May 13, 2013 8:36am
IMHO,

The article is interesting & shares nice stats about the holdings of Central Banks, however, it also considers Gold as merely a commodity like Soybean etc which I feel is ridiculous.

As far as Government's Gold holdings are concerned, I would like to share the fact that Kings in good old times, as old as 2000 years also relied on Golden ornaments + coins etc. The treasures always consisted of Gold, Silver & gems etc as international currencies didn't exist in those good old times. Any English movie that shows treasure would vouch for my words :-)

I understand we Indians are emotionally tied to Gold due to religious & cultural reasons, however, beyond that, if central banks of the entire world tend to rely on Gold, why not any ordinary man like me? I only find it appreciable.

Gold is as good as international currency for one more reason that US currency is backed by nothing but Gold.

There would be good times & bad times for Gold & apparently Gold is going through a rough patch & will skyrocket by the end of this year to decent highs.

my two coins of Gold!
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  • #69
  • May 13, 2013 9:25am May 13, 2013 9:25am
Quoting ClockTrader
IMHO, The article is interesting & shares nice stats about the holdings of Central Banks, however, it also considers Gold as merely a commodity like Soybean etc which I feel is ridiculous. As far as Government's Gold holdings are concerned, I would like to share the fact that Kings in good old times, as old as 2000 years also relied on Golden ornaments + coins etc. The treasures always consisted of Gold, Silver & gems etc as international currencies didn't exist in those good old times. Any English movie that shows treasure would vouch for my words...
Your honest comments are appreciated & same way I wanted to highlight my understanding of this article, if you dont mind. If you read the comparison of silver & gold paragraph, we will get an idea why the author might be saying its also an another commodity. In ancient times even before gold was found, silver used to be the mode of world currency, then came gold & then gems. As per the report central bank are hoarding much gold reserves which is sufficient for 10 yrs demand of the entire world, which means if by any reason central bank decide to sell off this commodities & replace them with any other commodity to use for reserve (eg. diamond - just a rough example) then there will be less demand then supply. Which will lead to demolishing value of gold which happened to silver when central banks dumped silver reserves completely & replaced with gold reserves. The article also highlights the fact that there is always a possibility for central banks to dump this reserves as this reserves doesn't earn them any monetary gain, & also highlights the fact that canada has already eliminated their gold reserves. The report also highlight the another interesting fact that its a form of insurance against a catastrophic event hitting the global financial markets & on such event also gold will be only useful to those who possess physical gold. Gold also may be helpful during periods of hyperinflation as it can hold its purchasing power much better than paper money during these periods. However, this is true for most commodities. Hyperinflation has never occurred in the U.S., but some countries are all too familiar with it, so if hyperinflation occurs in US then that's the interesting time to see how they take on their gold reserve. So overall one who understands fundamental will agree this report to be well written. It was good read in my opinion which gives reality about gold irrespective of its current importance shown by us. The article mainly deals will historical aspects & future aspects of gold. Overall for me it was very helpful to know gold little more closely & recommend everyone to read it once.
All said I agree with you on its making new high by end of this year & many years to come. Because as of now there seems to be no such situation where central bank will dump gold.

Cheers!
  • #70
  • May 13, 2013 9:36am May 13, 2013 9:36am
Given the history of Silver as a Govt reserve, I understand that you are trying underline the risks which are associated with Gold. I truly agree with your point. There is no doubt about the risk involved when we invest in a commodity / financial instrument, particularly if a trader / investor was investing with huge leverage.

Further, given the fact, that, silver was used before Gold in ancient times, serves only as an example how history repeated itself in modern times. This also proves that Gold never went out of fashion as a Govt reserve while silver did. In ancient times as well as modern times.

I only feel more & more inclined towards Gold given its ancient history of replacing silver & being preferred as one of the most valuable treasure worthy article from ancient to modern times.

my two golden cents!
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  • #71
  • May 13, 2013 9:46am May 13, 2013 9:46am
Quoting ClockTrader
Given the history of Silver as a Govt reserve, I understand that you are trying underline the risks which are associated with Gold. I truly agree with your point. There is no doubt about the risk involved when we invest in a commodity / financial instrument, particularly if a trader / investor was investing with huge leverage. Further, given the fact, that, silver was used before Gold in ancient times, serves only as an example how history repeated itself in modern times. This also proves that Gold never went out of fashion as a Govt reserve while...
I too appreciate the fact that gold replaced silver but at the same time I also understand that in ancient times the trade was done on barter system, goods for another goods & then came the time where this barter system was replaced with shining stones...just pure stone (just shining more) then it was replaced with silver & then silver with gems & then gems with gold. As you highlighted gold sustained from ancient to modern times which is why not only you but we all are inclined towards its preciousness. But as article say gold means many things to many people. Its history alone has lured some investors. One of gold's most important historical roles has been as a monetary standard, functioning much like today's U.S. dollar therefore any/all investor should make any buy or sell decision putting the future supply and demand issues at the forefront.
Just my two cents!
It was nice to know your views on article.

Cheers!
  • #72
  • May 13, 2013 10:03am May 13, 2013 10:03am
Quoting alex4xes
{quote} I too appreciate the fact that gold replaced silver but at the same time I also understand that in ancient times the trade was done on barter system, goods for another goods & then came the time where this barter system was replaced with shining stones...just pure stone (just shining more) then it was replaced with silver & then silver with gems & then gems with gold. As you highlighted gold sustained from ancient to modern times which is why not only you but we all are inclined towards its preciousness. But as article say gold means many...
I appreciate the true core nature of forums, wherein, we get together from different parts of the world to share, argue on our views / news. Not only this enriches our knowledge but spreads wisdom & knowledge to readers too.

As far as Demand / Supply are concerned, I request you to take a look at historic production stats:

http://www.goldsheetlinks.com/production.htm

The production has been somewhat increasing vertically every 5 - 10 yrs except for one or two years & the fact the Gold reserves are limited raises my doubts how this trend will continue?

Another recent news you might be interested in is that miners in OZ & Africa have been working overtime in the past couple of weeks to fulfill the demand surging in India on account of ancient festivals here.

My two golden coins!
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  • #73
  • May 13, 2013 10:19am May 13, 2013 10:19am
Quoting ClockTrader
{quote} I appreciate the true core nature of forums, wherein, we get together from different parts of the world to share, argue on our views / news. Not only this enriches our knowledge but spreads wisdom & knowledge to readers too. As far as Demand / Supply are concerned, I request you to take a look at historic production stats: http://www.goldsheetlinks.com/production.htm The production has been somewhat increasing vertically every 5 - 10 yrs except for one or two years & the fact the Gold reserves are limited raises my doubts how...
That was good link, I noticed something which I think might interest you too. If you see the countries producing most gold % is getting reduced year after year (eg. S.Aftrica) its understandable so as all natural resources are limited in nature not only gold but petrol & any other stuff too. So if natural resources(gold) are limited by nature & demand keeps increasing with increasing population then from where they will mine gold ? Obviously they need to sell gold reserves from central bank which again supports the article. Eg. petrol - Once people came to know reality that petrol is limited in nature & production in arab countries are deteriorating govt started campaign of save petrol & they started replacing it with other products like CNG. Infact dubai started to concentrate more on tourism due to lack of sufficient petrol production in their region.
Just my two cent !

Cheers!
  • #74
  • May 13, 2013 10:30am May 13, 2013 10:30am
Quoting alex4xes
{quote} That was good link, I noticed something which I think might interest you too. If you see the countries producing most gold % is getting reduced year after year (eg. S.Aftrica) its understandable so as all natural resources are limited in nature not only gold but petrol & any other stuff too. So if natural resources(gold) are limited by nature & demand keeps increasing with increasing population then from where they will mine gold ? Obviously they need to sell gold reserves from central bank which again supports the article. Eg. petrol...
Gold reserves declining is what my point is too. However, I look at it differently, I only see it getting more & more precious as the supply declines & demand continues to grow.

The Arab nations are already one of the richest or let me say one of the most prosperous nations in the world. For instance Saudi Arabia holds a significant share of US stock market, it was like 7 - 10%. They've been selling oil & will carry on as long as they can. They aren't hard working like an average American. They've been investing in key areas & 50 - 100 yrs from now, when they will not have an ounce of oil, they will still flourish & prosper due to right investments they've been making.

My two gold coins!
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  • #75
  • May 13, 2013 10:36am May 13, 2013 10:36am
[quote= My two gold coins![/QUOTE]

All said & done with, when you are going to give me that two gold coins that you are promising ?


It was nice to chat to you bro! Happy trading!

Cheers
  • #76
  • May 13, 2013 10:46am May 13, 2013 10:46am
Quoting alex4xes
{quote} All said & done with, when you are going to give me that two gold coins that you are promising ? It was nice to chat to you bro! Happy trading! Cheers
As soon as I make my next mill :-)
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  • #77
  • May 14, 2013 9:06am May 14, 2013 9:06am
Quoting ClockTrader
As per my Lunar / Astro technicals (based on ancient Indian Festivals), the buy period has started & will carry on for another ~7 days or so. Now as we can see 7 days can be a very looooooong period given the fact that Gold can fall almost 10% in one single day. Using my common sense & instincts I just hope it doesn't fall below ~1380 or so. Going forward, I am 100% sure that we shall be looking at a clear bottom by mid of next month. {image}
The Buy period being quoted as May-13 through May-21 above appears to be inline with what's been happening lately. The down swing towards ~1380 is in sight too.

Fierce battle has been observed today so far, not surprised. Hope things move right & decent buy window further materializes ahead.
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  • #78
  • May 15, 2013 10:13am May 15, 2013 10:13am
Quoting ClockTrader
{quote} The Buy period being quoted as May-13 through May-21 above appears to be inline with what's been happening lately. The down swing towards ~1380 is in sight too. Fierce battle has been observed today so far, not surprised. Hope things move right & decent buy window further materializes ahead.
In the x-axis, I see only the time, is it of a single day? Then how the day range (May-13 through May-21) are reflected in the chart! Pls help me understand...
  • #79
  • May 15, 2013 10:38am May 15, 2013 10:38am
Quoting Red Herring
{quote} In the x-axis, I see only the time, is it of a single day? Then how the day range (May-13 through May-21) are reflected in the chart! Pls help me understand...
The buy period for Gold which falls from May-13 through May-21 is based on Lunar cycles & ancient festivals of India which are again based on Ancient Annual Lunar Calendar. I just put that text in the chart. Its not axis or or any such thing.

Please feel free to ask as many questions.

Right now, I'm feeling like aweeesommmeee, its working just right as per my earlier views.
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  • #80
  • May 16, 2013 1:19am May 16, 2013 1:19am
sorry to say buddy but i did not c any buying happening in the period u mentioned, infact its gone right opposite, anyway whts your current view on it.
Quoting ClockTrader
{quote} The buy period for Gold which falls from May-13 through May-21 is based on Lunar cycles & ancient festivals of India which are again based on Ancient Annual Lunar Calendar. I just put that text in the chart. Its not axis or or any such thing. Please feel free to ask as many questions. Right now, I'm feeling like aweeesommmeee, its working just right as per my earlier views.
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