Global gold demand falls 7%
World Gold Council Reports
Started by
SemiBizz
, Aug 16 2012 12:24 AM
4 replies to this topic
#1
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 16 August 2012 - 12:24 AM
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#2
salsabob
-
- Traders-Talk User
- 1,164 posts
Member
Posted 16 August 2012 - 12:12 PM
Think of some of the types of folks that buy gold. It must be hell on them to know the CBs are keeping the price up. My bet is that little tibit gets filtered out.
John Galt shrugged, outsourced to Red China and opened a hedge fund for unregulated securitized credit derivatives.
If the world didn't suck, wouldn't we all just fly off?
If the world didn't suck, wouldn't we all just fly off?
#3
Russ
-
- Traders-Talk User
- 7,375 posts
Member
Posted 16 August 2012 - 02:37 PM
Lowest demand for Gold in over 2 years? So go back a couple of years and look at what gold did, it ran up from 1100-1200 to about 1900, if it does the same now it will go to 2200.
The lull before the storm, Gold demand will increase when sovereign debt issues heat up again. It is loss of confidence that drives the price up.
Spain is on the verge of a full blown crisis, they have been imposing capital controls to try and stop people taking their money out of the country, once Spain hits the wall the European Union will be finished.
Edited by Russ, 16 August 2012 - 02:43 PM.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
dharma
-
- Traders-Talk User
- 9,912 posts
Member
Posted 17 August 2012 - 10:17 AM
well that is only part of the equation , throw in cb buying and it more than makes up for the shortfall
http://www.theglobea...article4483125/
dharma
http://www.theglobea...article4483125/
dharma
#5
SemiBizz
-
- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 17 August 2012 - 01:22 PM
Don't fight the F'eds...
They are just looking the other way until their next longer note and bond auctions here...
http://bigcharts.mar...&mocktick=1.gif
They are just looking the other way until their next longer note and bond auctions here...
http://bigcharts.mar...&mocktick=1.gif
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
