40 replies to this topic

[ogm]

Time for cultists to leave this sinking boat. And its going to be spectacular.


I clicked on some silly poll on CNBC the other day about what gold will do in 2013 and of course almost 80% expect it to go up Well, I'm in the other 20% and I'm short.

Gold ETFs are the largest buyers of gold. Sounds like trouble to me

Fed minutes yesterday have sealed the deal.

[fib_1618]

From last weekend.

Fib

[NAV]

OGM, Nice chart. I agree. Gold chart looks sick. The weekly downtrend which has been place for more than a year, looks ripe for acceleration. I think all assets will go bust in 2013 - stocks commodities and BRICs real estate. Dollar will be the place to hide.

[andiron]

OGM,

Nice chart. I agree. Gold chart looks sick. The weekly downtrend which has been place for more than a year, looks ripe for acceleration. I think all assets will go bust in 2013 - stocks commodities and BRICs real estate. Dollar will be the place to hide.

Gold is just showing growing pains..thats all..if one is short just take your pennies and run....

most countries have negative rates that have juiced up Global Assets..primarily Global Real Estate....gold's journey is perhaps half done....

It has a long way to go...up.

Edited by andiron, 04 January 2013 - 07:50 AM.

[ogm]

OGM,

Nice chart. I agree. Gold chart looks sick. The weekly downtrend which has been place for more than a year, looks ripe for acceleration. I think all assets will go bust in 2013 - stocks commodities and BRICs real estate. Dollar will be the place to hide.

Gold is just showing growing pains..thats all..if one is short just take your pennies and run....

most countries have negative rates that have juiced up Global Assets..primarily Global Real Estate....gold's journey is perhaps half done....

It has a long way to go...up.

You can rent real estate and collect income while its price fluctuates. Can you rent gold ? What is it that gold does that makes it so special ? No dividends, no income, no price appreciation now too. Sounds like a helluva asset to stuff into your portfolio

The pains are only starting. Everyone who could've possibly joined the gold cult has done so over the past 12 year bull run. No more suckers left here.

Edited by ogm, 04 January 2013 - 07:57 AM.

[andiron]

Gold is "money" ...and always been since the dawn of civilisation..it will lose some of its "moneyness" in the tight monetary regimes during periods of real economic growth... just see what Abe of Japan is trying to do..."printing" w/ a vengeance..... technically we got a bounce at 1626 at the wkly bull flag lower flange...it is going to build on it....

Edited by andiron, 04 January 2013 - 08:06 AM.

[SemiBizz]

Since you are so sentimental about gold Andi...

Here's a little tune for you...

Something nice to listen to as you watch gold crater under 1600....

Speck of Gold - Afterlife

Nice tune though.

There is a nice feature you can employ to repeat the songs you like in a loop, just add "repeater" to the youtube.com address...

http://www.youtubere...h?v=uKiBYQJmrn4

[ogm]

Gold is "money" ...and always been since the dawn of civilisation..it will lose some of its "moneyness" in the tight monetary regimes during periods of real economic growth...

just see what Abe of Japan is trying to do..."printing" w/ a vengeance.....

technically we got a bounce at 1626 at the wkly bull flag lower flange...it is going to build on it....

Gold is not money, its just some medieval cult that can be exchanged for money, just like real estate, or coal, or copper. But aside from its ability to be exchanged for money, it produces no income of its own.

Edited by ogm, 04 January 2013 - 08:43 AM.

[mss]

--- as you watch gold crater under 1600....

Do you have a target number "IF" it closes weekly below 1629.50 ?

Thanks,
mss

[andiron]

you watch gold crater under 1600....

I don't think it will..but if it does I will just lap it up....Buffet style...