Seeing all the $1000 gold price forecast make me think the downside risk is tremendous.
didn't the UBS analyst predict gold price will fall back to low 700s by end of year?
Adding some gold and silver positions
Started by
senorBS
, Nov 15 2007 01:13 PM
24 replies to this topic
#22
Tor
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Posted 16 November 2007 - 04:03 PM
tor, there are many possibilities. however, the probabilities are few, we are @the start of a parabolic rise. things will occur quickly. time is compressed. i did buying on the close yesterday. and will continue to buy on weakness. monday should end this thing according to my work. we shall see.
dharma
Maybe we move up, but I personally dont see a parabola right here without strong currency devaluation, and this requires somesort of suprise or deliberate policy to reduce rates. It appears that more cuts wont come until next year now IMO.
Could be a top for the year I would suggest.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#23
bayer2
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Posted 19 November 2007 - 03:09 PM
hit my 770s target today. It's due for a short term bounce.
#24
bayer2
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Posted 20 November 2007 - 04:32 PM
hit my 770s target today. It's due for a short term bounce.
I am right on. ZG bounced big today.
#25
dougie
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Posted 23 November 2007 - 08:44 PM
great call both of you: what is next in your crystal ball? <;
i am w/you senor! my stuff shows that the bottom should occur by monday. however, i am seeing signs of bottoming action here.
dharma
Its funny, this amigo is looking for "770's", today's low was 783 which is close. In Globex prices could do a rapido decline to 770's and be back at 790 when NY is in session. Different strokes, IMO we are close.
BSing away
Senor
