Guess The Gold Bottom... I'm saying 850

Discussion in 'Commodity Futures' started by PaulRon, Mar 31, 2008.

  1. PaulRon


    My guess is a bottom around 850 followed by a slingshot to the moon. How low do you think it will go?
  2. I have the same number.
  3. PaulRon


    I'm planning on buying around 850 depending on the moves, with a 100 dollar bottom leeway in my account with 100:1 leverage at a forex broker. Risky? maybe, but the risk/reward is too sweet.
  4. spersky


    790-810 look for a bottom there before gold goes higher
  5. PaulRon


    In the case here where the a wave was approximately $100, b wave was $50, what would the c wave be, according to technical analysis and past gold performance?
  6. Guessing $890
  7. ess1096


    I second that.
    Based on 200 day MA, November/December lows and similar percentage correction back in spring 2006.

    Watch the 9 day MA for resistance.
  8. yes agree with Ron.

    I guess i can take profit, then buy it all back.

    dont forget china will take on gold reservers for the first time as well as forex of USD. Gold they dont really have now and if they do it will be bought in the trillions.
  9. one more thing to remember dont buy future buy the physical gold, just in case we have hell on earth, furtures are paper, mean nothing in the event of war
  10. dinoman


    Its just good we have one of the greatest advisors ever!

    Flip your name around. ;)
    #10     Mar 31, 2008