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GLD: OUCH!


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#1 Rogerdodger

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Posted 12 December 2011 - 09:39 AM

Looks like we got us a pre-Christmas gold sale.
Mid September re-do.
http://stockcharts.c...53245&r=274.png

#2 Rogerdodger

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Posted 13 December 2011 - 12:19 PM

Here's why Tom McClellan is bearish on gold:
http://www.mcoscilla...t_breadth_data/
watch the Bloomberg link.
"A lot lower, a lot faster until March."

Will Gold become DUST? (Short term)
Jack Chan's:
http://stockcharts.c...53245&r=274.png

I believe that Laundry is long term bullish in gold (to 2020) but short term concerned.
Losing the blue ma would indicate more weakness where 140-145 could be support:
http://stockcharts.c...178453&r=59.png



#3 stocks

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Posted 18 December 2011 - 08:50 PM

The experts agree: Gold will fall :lol:

- Gold prices will fall below $1,500 an ounce over the next three months and are unlikely to retest September's all-time highs until later 2012 at the earliest, according to a Reuters poll of 20 hedge fund managers, economists and traders.
The bleak forecast, coming after gold has lost 11 percent of its value so far this month, is likely to fuel fears that bullion is close to ending its more than decade long bull run and entering a bear market.
Almost half of respondents predicted bullion will fall to 1,450 an ounce in the first quarter next year, with three seeing prices as low as $1,400 an ounce.

link

GDX bullish is at 14%

link

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