TreasureHunter
Well-Known Member
Gold is falling.
I'd really like to see what happens in the traditionally bearish October period.
Gold Niagara Falls - Dropping like a drunk man on the stairs...
- Thread starter TreasureHunter
- Start date
Gold is falling.
I'd really like to see what happens in the traditionally bearish October period.
TreasureHunter
Well-Known Member
JulieW said:
Do you see a bullish double-bottom ahead? :/
Technically it could also be triple-bottom...
Ooops sorry. I was trying to be funny. I know nothing about charts - but I do know it's paper that they're playing with!
I actually refuse to believe that with WW111 raging and Putin saying he could take Kiev in 2 weeks, that actual real gold means so little in terms of the US dollar. It's a fait accompli of imagination over reality.
I actually refuse to believe that with WW111 raging and Putin saying he could take Kiev in 2 weeks, that actual real gold means so little in terms of the US dollar. It's a fait accompli of imagination over reality.
TreasureHunter
Well-Known Member
Marc Faber himself said that most of the correction has ended. And if the approx 40 % correction was expected, then it may just fall a little bit down.
We've been through 37+ % already.
We're trading sideways and it's been so long, because there aren't any bullish forces strong enough, nor bearish forces strong enough to ignite a decisive momentum either way.
We've been through 37+ % already.
We're trading sideways and it's been so long, because there aren't any bullish forces strong enough, nor bearish forces strong enough to ignite a decisive momentum either way.
Pirocco
Well-Known Member
The forum starts to look again like the graveyard it was in may just before the price rally made it flowers bees and sunshine again and the negativism disappeared with more room downwards lol.
For those that didn't waste their money in the positivity, it looks like the moment is closing in to add another bag coins.
With the lowest price being okay for the biggest sucker.
For those that didn't waste their money in the positivity, it looks like the moment is closing in to add another bag coins.
With the lowest price being okay for the biggest sucker.
TreasureHunter
Well-Known Member
OK, so it seems we're going way down...
Sub-1,200 $ ahead in September-October, maybe.
The dollar is the winner of the Europe-Russia tensions, which are affecting both sides negatively from the economic point of view. The import-export restrictions and other sanctions against Russia are backfiring and hurting the euro.
Who wins? The dollar!
Sub-1,200 $ ahead in September-October, maybe.
The dollar is the winner of the Europe-Russia tensions, which are affecting both sides negatively from the economic point of view. The import-export restrictions and other sanctions against Russia are backfiring and hurting the euro.
Who wins? The dollar!
Pre-ECB meeting smash. Super Mario to crack up the printing press on Thursday...... Smash gold quickly before it goes up 
TreasureHunter
Well-Known Member
HSBC sees 1,150-1,350 $ gold in 2014:
http://www.kitco.com/news/2014-09-02/HSBC-Sees-Gold-Ranging-From-1150-To-1350-For-Rest-Of-2014.html
http://www.kitco.com/news/2014-09-02/HSBC-Sees-Gold-Ranging-From-1150-To-1350-For-Rest-Of-2014.html
TreasureHunter
Well-Known Member
SilverPete said:
That's exactly what I just wanted to post.
I think the cease-fire will favour the dollar. The conflict, as conflicts in general, drove up gold's price.
Right now, if the euro suffers, it could strengthen the dollar and hit gold further down.
FOMC meetings this year:
September 16-17
October 28-29
December 16-17
Pirocco
Well-Known Member
I think a key event is the eventual new central bank gold agreement, september ends the 2009-2014 period of CBGA 3.
These agreements really mean nothing (as I showed along figures in some other posts), but be sure that it will be used to drive mood.
It's possible that central banks worldwide (CBGA is only some EU banks including the ECB, not UK and not IMF) become net sellers again, in 2009-2010 they sweeped from -400 sales to +400 purchases, so a price upwards push of 800 tonnes, total year supply/demand is 4000 so it's no peanut. Next a +400 to -400 tonnes again?
It will ofcourse depend on whether or not speculators still want to buy more gold, if yes, CB's won't make gold cheaper, if speculators sell more, then CB will buy less/sell too, as to inflict speculators less dollars.
We'll know over a month or so.
And remember, it's people driving the gold price, so if price drops then fewer are buying and/or more are selling.
Sometimes looking in the mirror, at what do you, already gives a clue folks!
These agreements really mean nothing (as I showed along figures in some other posts), but be sure that it will be used to drive mood.
It's possible that central banks worldwide (CBGA is only some EU banks including the ECB, not UK and not IMF) become net sellers again, in 2009-2010 they sweeped from -400 sales to +400 purchases, so a price upwards push of 800 tonnes, total year supply/demand is 4000 so it's no peanut. Next a +400 to -400 tonnes again?
It will ofcourse depend on whether or not speculators still want to buy more gold, if yes, CB's won't make gold cheaper, if speculators sell more, then CB will buy less/sell too, as to inflict speculators less dollars.
We'll know over a month or so.
And remember, it's people driving the gold price, so if price drops then fewer are buying and/or more are selling.
Sometimes looking in the mirror, at what do you, already gives a clue folks!