-
Originally Posted by arco
Just wonder if the next stop for Gold is the grey box in the lower RH corner.
.
Arco
Are you able to repost that chart, it's not showing up?
I'm wanting to see whether Gold will bounce off $US750/oz, i see that as an important support level (just need confirmation of it)
Thanks
-
Hi Shasta
Try this - let me know if its still not showing.
Size is a problem on ST
rgds - arco
___________________
___________________
-
Originally Posted by arco
Hi Shasta
Try this - let me know if its still not showing.
Size is a problem on ST
rgds - arco
Thats great, thanks again Arco
-
Hi Arco, pog was over US$ 900 a few short weeks ago. With this volatility the grey box in the bottom right corner is possible. But it is hard to predict. The US printing press must keep going, so where does that take gold.
-
Member
Originally Posted by airedale
Hi Arco, pog was over US$ 900 a few short weeks ago. With this volatility the grey box in the bottom right corner is possible. But it is hard to predict. The US printing press must keep going, so where does that take gold.
We will see much more deflation in the POG before we see inflation.....the money handed out already by the US Fed and US government barely scratches the surface of what has already been lost in the credit crunch.
-
Member
Originally Posted by Packersoldkidney
We will see much more deflation in the POG before we see inflation.....the money handed out already by the US Fed and US government barely scratches the surface of what has already been lost in the credit crunch.
I agree.....I'm still thinking deflationary/disinflationary for the time being.
But in my opinion, once the mass bailouts gain traction......hold on for a reinflationary ride on a rocket.
Gold now in the low 700's today.
How low will it go?
Not sure......but I'm definitely a buyer here....but a VERY cautious buyer...I'm still averaging UP.....but a couple more good sized purchases will have me averaging DOWN
Personally, I think it's inevitable that gold is going to sky since the entire world seems happy enough to choose inflation over deflation.
What I'm trying to focus on is finding leading indicators I'm comfortable with that signal the end of deflation/disinflation and the beginning of reinflation in order to consider bigger/bolder entry points....as well as getting a handle on how long the change from one to the other will take to truly kick in.....giving me the comfort level to exchange devaluing cash or cash-like for tangible "stuff".
If the deflation/disinflation changing to reinflation "big picture" doesn't change...I expect to be invested well over 50% in commodities within approx. 24 months roughly 1/3,1/3,1/3 in Ag, PM, and energy.
One thing I'm not sure is a help or a hindrance at times is the growing disparity between spot price and physical.
-
Gold was an overnight sensation for me...........+3500 atm...................and heading for the grey box as mentioned/shown in my post yesterdayGTA - arco
___________________
___________________
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks