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15-03-2012, 02:05 PM
#3641
I thought that was Tricha posting there for a second. Trackers.
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15-03-2012, 02:08 PM
#3642
Yes as we can see thanks to trackers chart is GOLD is still moving in a very large bull trend now if GOLD crashed to 1400 etc over the next few months and stays down for months I'd be agreement that GOLD trend is broken till then it's still moving on a bull trend
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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15-03-2012, 02:09 PM
#3643
 Originally Posted by STRAT
I thought that was Tricha posting there for a second. Trackers.
I was going to go one size bigger and put it in red but didn't have the heart 
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15-03-2012, 05:59 PM
#3644
Like 1980, it didn't go straight down, there's no reason to buy it, every reason to sell it.
The PM fad is over, probably until 2034, ready for the next generation to get cleaned out.
Last edited by Skol; 15-03-2012 at 06:33 PM.
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15-03-2012, 06:49 PM
#3645
Originally Posted by Skol
Like 1980, it didn't go straight down, there's no reason to buy it, every reason to sell it.
The PM fad is over, probably until 2034, ready for the next generation to get cleaned out.
you forgot to finish with IMHO ...........as most that have investments in the PGM's understand there investment risks/upsides much better than the likes of yourself that seem to have a massive chip on your shoulder against PGM (and OIL) over the years with the ongoing and constant doom of a repeat 1980
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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15-03-2012, 06:56 PM
#3646
Originally Posted by JBmurc
you forgot to finish with IMHO ...........as most that have investments in the PGM's understand there investment risks/upsides much better than the likes of yourself that seem to have a massive chip on your shoulder against PGM (and OIL) over the years with the ongoing and constant doom of a repeat 1980
But I'm right aren't I?
Oil didn't go to $200/$400 as predicted by tricha and bermuda and neither will gold/silver go to $50,000/$150.
Still got the 1500 oz?
Might pay to dump it before it corrodes away.
Last edited by Skol; 15-03-2012 at 08:23 PM.
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15-03-2012, 09:09 PM
#3647
[QUOTE=Skol;370371]But I'm right aren't I?
Oil didn't go to $200/$400 as predicted by tricha and bermuda and neither will gold/silver go to $50,000/$150.
Still got the 1500 oz?
But Oil is over $100bbl nymex 120bbl brent thats not exactly cheap if my memory is right you were talking sub $60bbl should be the right price....
As for the gold silver price prediction's I've never said the PGM would go up 50,000 au 150 ag overnight IMHO gold will see over 2,000 late this year early next longer term 3yrs+ I would be surprised to see it double that..
Silver I'm more bullish on longer term believe the ratio between the two will close to the mid teen so 3-4yrs out Silver could well see $250oz
Still holding 1400oz of silver any major pull backs in "THE REAL BULLION MARKET VALUE" I'd be buying more...if I had to sell it wouldn't be hard to get $45oz NZD for the lot easy...
Been surprised few guys that I know are now looking at buying size-able holdings in Silver bullion that I didn't think would.
Gaining acceptance as a different investment IMHO..maybe even one day skol might wake up....
Last edited by JBmurc; 15-03-2012 at 09:12 PM.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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15-03-2012, 09:39 PM
#3648
Gold falls as the Dollar rises
By Colin Twiggs
March 15th, 2012 1:00 a.m. ET (5:00 p:m AET)
Spot Gold followed through below last week's low, indicating a correction to test primary support at 1500.
Respect of the long-term rising trendline would indicate the primary up-trend is intact, but reversal of 63-day Twiggs Momentum
below zero for a second time warns of a down-trend. Target for a down-trend would be 1200 to 1400*.
Colin Twiggs has a TA view, doesn't care either way. But even $1500 gold would be a correction, part of the long-term uptrend still. In the meantime, anyone expecting goldie shares to hold their value in general, will be disappointed.
Skol, I sold most of my OGC a while ago. Anytime soon they'll be a massive bargain.
P.S. I quite like Tricha's posts.
Last edited by elZorro; 15-03-2012 at 09:48 PM.
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16-03-2012, 01:57 AM
#3649
In 1980 from top to bottom, gold fell 65%.
If history repeats itself, which it quite often does, then gold would fall to about $670, a little less than what I calculate is its inflation-adjusted price. It took 13 years to hit rock-bottom.
Silver fell 92% finally bottoming out at $4 in 1993 or thereabouts.
One analyst on Yahoo Finance has predicted gold will fall to $1300 some time this year.
Incredible Charts says "but reversal of a 63 day Twiggs Momentum below 0 for a second time warns of a downtrend. Target for a downtrend would be $1200 to $1400".
Last edited by Skol; 16-03-2012 at 07:36 AM.
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16-03-2012, 10:02 AM
#3650
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