Gold - on cusp of massive bearmarket :)

Discussion in 'Commodity Futures' started by deadbroke, Aug 19, 2010.

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  1. achilles28

    achilles28

    Gold is up nearly 20 bucks from that post.

    Up ~50 bucks since i told you to get long.

    While you're flipping coins, real traders are making money.
     
    #151     Oct 5, 2010
  2. achilles28

    achilles28

    Up another 10 bucks in the past 3 hours.

    Get it???
     
    #152     Oct 6, 2010
  3. S2007S

    S2007S

    *GOLD
    __1349.00__ +10.10 __+0.75%



    I'm bullish on gold but after seeing this type of run and this much talk about how high it's going means it's time to sell, once the selling begins (which should be very soon) it's going to drop a bit quicker than it rose. Don't be surprised if it drops over $100 an ounce in the next month or so. Now is a time to be taking profits. You will be able to buy all the gold you want under 1200 an ounce, don't chase it or you will regret it in the long run.
     
    #153     Oct 6, 2010
  4. joe4422

    joe4422

    No point in shorting this massive bull. But watch out. If the republicans get control, and try to stop the printing presses, the demand for gold will fade quickly.
     
    #154     Oct 6, 2010
  5. Why do you assume it is solely the US citizen appetite that dictates gold's performance?
     
    #155     Oct 6, 2010
  6. We have had about 3 or 4 pullbacks from over 30% last few years.

    Plenty of opportunity to buy on weakness.
     
    #156     Oct 6, 2010
  7. achilles28

    achilles28

    Gold could easily drop a couple hundred. Doesn't mean it'll break 1000$ anytime soon. Fundamentally, gold is a total bull.
     
    #157     Oct 6, 2010
  8. A large chunk of gold's recent strength is due to the weakness in the USD.

    Should gold retreat accompanied by a strengthening USD gold's price in foreign currencies could very well hold their ground to a large extend and thus retain it's attractivity for buyers across the board.
     
    #158     Oct 6, 2010
  9. JSSPMK

    JSSPMK

    DBs' problem rests in his expectations of deflationary environment to set in around the globe. Perhaps he will be correct one day, after all austerity measures are likely to cap growth after all, but right now governments seem to be trying to inflate their way out of debt. And that's being reflected in equities & commodities. How long can that last intil deflation sets in is an unknown variable.
     
    #159     Oct 6, 2010



  10. Reiterating, reversal imminent ... currently a closing break below $1310 on 4H will set it in motion.

    some commonsense thoughts in next post
     
    #160     Oct 6, 2010
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