Edited by NAV, 04 January 2013 - 09:36 AM.
Gold ... All hands abandon ship !
#21
Posted 04 January 2013 - 09:36 AM
#22
Posted 04 January 2013 - 09:36 AM
http://dl.dropbox.co...ro-Ju-Ce-Ma.gif
http://dl.dropbox.co...ia-Ju-Sa-Ur.gif
So the Dow corrects 1/11-1/25 Gold has a bounce as the Dow corrects. The Dow than takes off to all time highs late April early May completing the large megaphone formation from 2000- http://stockcharts.c...c/1169350/tenpp. At the same time GLD goes to 141-128 everyone thinks the Gold bull is dead. But no as the Dow goes Down for 2 and a half years aka 1929-1932 Gold takes off at the same time they meet in October 2015 at 5000. Than the Dow goes up for 4 years aka 1937-1941 Gold corrects.
Maybe?
#23
Posted 04 January 2013 - 10:36 AM
Edited by pedro, 04 January 2013 - 10:36 AM.
#24
Posted 04 January 2013 - 11:40 AM
Gold has had a 14 year bull run. Something to keep in perspective !
and most likely it will end in a bang...
10+ yr and then 1 yr consolidation...seems like it is only doing it for refuel....
we have yet to satisfy the parabolic rise in gold and then a quick bust...may be around 2020 or so......
#25
Posted 04 January 2013 - 01:17 PM
Factoid: India is the largest consumer of gold after China.
Buried in this link somewhere
Now the central bank of India is clamping down on this crazy demand for gold.
India clamping down on Gold demand
India curbs gold imports
India slaps more tax on imported gold
Above links could explain the current bumps in the road for gold.
#26
Posted 04 January 2013 - 01:44 PM
#27
Posted 04 January 2013 - 03:50 PM
#28
Posted 04 January 2013 - 08:38 PM
Correct...as this monetary bypass was/is used to pump up balance sheets when emergencies take place - just like a savings account.European crisis... did nothing for gold price.
Correct again...as the monetary spigot is slowly turned off (rising interest rates) thereby reducing the flow into this same savings arena.And now any improvement in economy is BAD for gold price
It's where money flows to when all other asset classes are fairly valued.So whats the attraction aside from some apocalyptic cult ?
And why...it's an indicator of impending inflation as opposed to rising as inflation actually makes it appearance.
In other words, as gold moves lower, the monetary base is deflating.
Fib
~ Johann Wolfgang Von Goethe ~
#29
Posted 04 January 2013 - 09:50 PM
Maybe we have both views as being correct.
http://dl.dropbox.co...ro-Ju-Ce-Ma.gif
http://dl.dropbox.co...ia-Ju-Sa-Ur.gif
So the Dow corrects 1/11-1/25 Gold has a bounce as the Dow corrects. The Dow than takes off to all time highs late April early May completing the large megaphone formation from 2000- http://stockcharts.c...c/1169350/tenpp. At the same time GLD goes to 141-128 everyone thinks the Gold bull is dead. But no as the Dow goes Down for 2 and a half years aka 1929-1932 Gold takes off at the same time they meet in October 2015 at 5000. Than the Dow goes up for 4 years aka 1937-1941 Gold corrects.
Maybe?
"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/
#30
Posted 05 January 2013 - 02:05 AM
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.
"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/