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Thread: GOLD

  1. #721
    Member ENP's Avatar
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    I don't think gold prices can go up much further. Governments are printing money but all the bad loans from banks is pretty much equal to the money being printed.

    Gold has got out of hand and now everyones speculating instead of investing in it. People are scared and gold is for all the scared people.

  2. #722
    FEAR n GREED JBmurc's Avatar
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    Quote Originally Posted by ENP View Post
    I don't think gold prices can go up much further. Governments are printing money but all the bad loans from banks is pretty much equal to the money being printed.

    Gold has got out of hand and now everyones speculating instead of investing in it. People are scared and gold is for all the scared people.
    Gold an esp. Silver is for the smart people the scared are buying USD or putting money into the bank because their scared

    Gold has so so much more to go before its in a bubble zone
    Last edited by JBmurc; 26-04-2010 at 12:01 PM.
    People don't have ideas, ideas have people

  3. #723
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    Quote Originally Posted by ENP View Post
    . . . gold is for all the scared people.
    Yeah, Right!

  4. #724
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    there was a nice long entry on gold last few days , looks like a triangle may have printed with heavy support area and a morning star candlestick pattern

    double long position on , will see how price develops to determine target.
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  5. #725
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    This could go either way, I'm looking at a short position if it breaks below 1500 myself.
    uptrend has lost momentum,.

  6. #726
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    i cant quite put my finger on it but im a little sceptical about the strength of this move higher, no target and will bail when it turns lower.

    triple bottoms have a slightly fragile look to them, its just too transparent where the stops will be, but profits are the name of the game.

  7. #727
    Senior Member Valuegrowth's Avatar
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    Some of the biggest gold investors and gold reserve holders may sell gold to overcome current financial pressure from lower oil prices.

    Big gold investors like Russian Central Bank may sell gold to save rouble

    The biggest gold investors such as China and Russia may sell their gold reserves to overcome temporary financial difficulties.

    DYOR.
    Last edited by Valuegrowth; 06-01-2015 at 09:36 AM.

  8. #728
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    Same BS that's been circulating for months. For Russia gold has been one of their best investments.
    China, what crisis?
    Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.

  9. #729
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    To me looks like gold is now forming a pennant on the daily chart. In which case another strong uptrend is increasingly likely in the coming weeks. Maybe its waiting for a trigger like another breakdown in oil prices. Been trading this short term lately both long and short with a lot of success but now waiting on some sort of comfirmation. Keen to hear other thoughts.

  10. #730
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    Yep agree thought the same thing yesterday.
    Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.

  11. #731
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    All these global FED rate cuts certainly going to help gold and silver - GOLD up again overnight - spot gold up 1% of the back of the British pound rate cut lol - we will be at zero soon and paper money will be the casualty here

    check out the book "prosper" by Chris Martenson - great read

    The world resources are at their limits and we will struggle to grow because of these constraints
    The world has 200 TRILLION debt
    LIABILITIES AT 5 X THE DEBT

    AND a world that will struggle to grow

    next 20 years will be unprecedented and we cant look back at the past 20 years to see whats going to happen as we in uncharted territory now


    Larger view we will see a great wealth transfer and its going to happen - it happened in Germany many years ago , more recently in Argentina and what happens is we have too many claims built up, its money and credit and theres not enough stuff and people call it great wealth destruction but its not , its transfer, its transferred from people who have too much paper wealth to people who own the real thing or have physical wealth

    we now seeing stocks hitting all time highs and bonds hitting all time highs - this is a crazy situation that can only be made sense of when we look at what central banks have done to liquify and print money so people should be looking to real tangible wealth not paper wealth

    HOLD
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  12. #732
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    What you are saying may occur Schumacher, but I think the theories behind it are wrong. Wealth transfer (and growth) recently has been to China. Next cabs off the rank India, Bangladesh. chunks of Africa. Technology leads to massive growth, in some cases using far less resources than before.

    I agree that the world financial markets are a propped up mess, but the future will look after itself, probably by repeating what we have seen for millennia, not just the past 100 years. Empires come and go.
    Last edited by jonu; 05-08-2016 at 07:36 AM. Reason: cabs

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