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Thread: Gold

  1. #4391
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    Good thing that your here to warn us Skol--since 2009 LOL

  2. #4392
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    Quote Originally Posted by skid View Post
    Good thing that your here to warn us Skol--since 2009 LOL
    Yep, the last day of 2009 as gold was just starting to go exponential, a warning to even the dimmest punter that the whole deal was going to end badly.

    And in the meantime the S&P500 has doubled.
    Last edited by Skol; 23-02-2013 at 04:44 PM.

  3. #4393
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    Just starting
    Last edited by skid; 23-02-2013 at 04:42 PM.

  4. #4394
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    Could be more downward movement in gold but the sharemarket is starting to look dangerous--see Hoops last entry on US markets[s&p 500] thread
    Last edited by skid; 23-02-2013 at 04:45 PM.

  5. #4395
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    Quote Originally Posted by Skol View Post
    I've just been reading an article that the 'bottom's in'.

    Reminds me of a story in 1987, when one of my workmates had a lot of dosh in the sharemarket. As the market tanked, it stalled for a few days, this dude got a call from his sharebroker telling him that the bottom was in and to 'throw everything at it', which he did.

    Needless to say, it was only about a 1/4 of the way down and he subsequently went broke.

    http://www.businessinsider.com/ultra...ts-2013-2?op=1

    Nomura have readjusted their price target for gold down to as low as $1025 in the next 6 months

    http://www.proactiveinvestors.co.uk/...nds-54003.html

    Still think that's a tad high, after the last crash gold tanked 60%, if it does the same this time it'll go to around $760 over time.

    Is that you giving a buy signal for the future skol :0)

  6. #4396
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    Quote Originally Posted by stevo1 View Post
    Is that you giving a buy signal for the future skol :0)
    No thanks, I've heard it all before.

    "You can't go wrong with .........................."

    You can fill in the dots, take your choice:

    Tulips
    Gold
    Land
    Silver
    Shares
    Property
    Tech Shares
    etc.

  7. #4397
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    http://www.youtube.com/watch?v=b4zOAHoncF0 tells us why Gold is about to take off because the bond bubble is about to burst (at 28 mins ) but whole 29mins very int

  8. #4398
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    For punters with what could be regarded as a normal allocation of gold, a few %, they'll be getting a good nights sleep, because as gold falls other assets like property and shares are rising, but for overexposed goldbugs this must be a very tense time.

    When an asset rises exponentially and then spikes nearly vertically as gold has done it normally ends badly, with a major fall, in this case if gold goes below $1500 it's a very rocky chasm underneath.

    Gold is gonna one of two things, rise or fall, and I'd give it an 85% chance of falling, given that nothing falls in a straight line and for the first time ever I've noticed more bearish news items on gold than bullish.

    Sentiment rules; interest rates, bond crash, Fort Knox is empty, war in the ME and all the other goldbug fantasies don't mean much at all.

    In the last 12 months

    S&P500 +11%
    Gold -11%
    Silver -19%
    Last edited by Skol; 24-02-2013 at 07:37 AM.

  9. #4399
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    "Even a blind man can tell when hess walking in the sun"

  10. #4400
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    Gold spiked vertically in the 80s[when I assume you got burned]
    This time around it has been a gradual rise.
    Doesnt mean gold cant go down--it most certainly can,but this is a different scenario than in the 80s.
    To equate the underlying reasons as the same as when you were in the market is not good logic.
    Meanwhile theres alot going on this week [fed meeting-reports on the state of the US economy-Italian elections]so I think it will move one direction or the other depending on these outcomes rather than a week of cruising.

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