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Saw the sell off earlier, wondering if it was just profit taking or beginning of retracing?
Any thoughts?
Your guess is as good as mine.
I think this popped when gold crossed $1225.... also uncertainty with the current administration...
If gold crosses $1250 I say we get another pop...
IMO, may go down a bit if current administration is reigned in by the courts, as there may be some semblance of stability...
May also go down once we get closer to the Fed March meeting date... they have to raise rates sooner than later... may be a good time for a quick trade into JDST
GLTU
Looks like this may continue upward tomorrow...
Gonna blow the top if gold crosses $1250....
GLTA
Had to pull the trigger and sell some of my position...
+35% profit... Nice!
Nice close! Still holding!
There will be shenanigans over the weekend.... no doubt!!!
Higher next week....
IMO
GLTA
Nice run up today...
Look outside box...
Russian re-invading Ukraine...
Iran firing ballistic missiles...
N. Korea ready to fire missiles...
China preparing on how to win trade war... (FYI, they will win, IMO)
Gold has a lot of legs to stand on... other than the obvious domestic issues...
Just saying....
GLTA
Added at $8.30....
GLTA
Nice close...
Added GDX for long term hold...
GLTA
I am cautiously optimistic....
Looks like gold will hover above $1200 for some time.... dollar coming off the highs...
Nikkei down 215...
I guess it is finally "sinking" into the markets...
Hehe...
$1215 tomorrow....
$1250 by Valentines Day....
Gold loves instability/uncertainty....
GLTA
Keeping an eye on global markets...
Ya know,
You can tweet him the benefit of the "gold standard" a few times...
Maybe he will take the bait... :o!
GLTA
Will be an interesting day tomorrow....
GLTA
Not to be a Debbie Downer, but WW 2.5 may begin this weekend with a 140 character tweet....
Just saying...
GLTA
Heading out to buy some bullion, not the chicken kind...
Tempted to get back in today, but decided to wait...
I bought into GDX, gold will be in play for a couple of months...
Wow, talk about a roller coaster...
I think gold will be pushed down a bit when DOW hits 20K.
May be a good buying opportunity...
20K may happen early next week... IMO
Out...
+33% yay!
"I'll Be BAAAACK" right before inauguration...
GLTA
$1250 here we come!
Added on the big drop...
Still in the green...
No risk...no reward... *
*Risk only what you can lose!
GLTA
Ha! Ha!
Instability/uncertainty is the only reason I am in JNUG, for now...
I expect a few months of instability to come, IMO....
GLTA
May you all have a New Year Day hangover that was well worth it!
Too many global uncertainties......
Gold will be at $1250 by Feb. 15, 2017. IMO
Nice pop this evening....
Oh Yeah!
Gold will eventually head higher, I give it 2-4 weeks... IMO.
Happy Festivus!
Let's see how it trades overnight....
Market held up pretty well, IMO....
Blew past $5.50 on the way down...
Guess people thought Fed would not raise rates?
Still on sidelines...
GLTA
I agree, but there is always spike up or down after the Fed announcement. It does not last long, a hour or two then gold seems to stabilize.
Tick is to get in at the low point...
GLTA
Broke $6.50....
Next week will be kinda ugly....
GLTA
Setting up for next week....
Interesting to see reaction to Fed news....
Has been holding up pretty well, IMO...
Yes, still planning on waiting... for now....
JNUG has held up pretty well considering the big drops in gold earlier in the week....
I noticed that we had a drop to $1170...premarket? Tells me a lot of institutions may be unloading gold...but JNUG has remained over $6.00?
I may nibble if we get another large drop in gold or if JNUG goes sub $6...
GLTU
U were right....
-----------
.25% increase.....
Financial markets see a 93.5% chance the central bank will raise its benchmark short-term interest rate by a quarter-point to a range of 0.5% to 0.75%, according to a website that tracks investor expectations (http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html).
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Hmmm....
Dollar and stock market at record highs....
Yeah, not a mirage to me....
Gold will "be" where the market decides it should be...
GLTU
You can usually count on a sharp drop after Fed announces rate increase. It is not baked in until the rate increase is confirmed.
If this stays at this level for the next 2 weeks, it will break 1195-1190 when the Fed confirms the rate increase.
I always try to add on the knee jerk drop...
It will be a very good entry point....
All above IMO....
GLTA
Don't know the trend on the previous interest rate increases.... if .25% was the norm, I think that will happen in Dec.
Gold has a lot of things going against it, AT THIS TIME.
Super strong dollar, Fed interest rate hike and prospect of HUGE government spending next four years.....
Patience...
GLTA
Can't find anything concerning the amount of the increase if any...
Your guess as good as mine.
Fed is taking wait and see approach for now... IMO
GLTU
You will have your opportunity to buy more JNUG at lower prices, but I would not hold too long...
GLTU
95% chance of a rate increase in December....Yikes yes it will go lower next 2 months...
Barrick may be good long term gold buy....
I will add some gold stocks in December, January, possibly some that pay dividends.
GLTA
Trading this at this time is risky.
We either will have a correction in the stock market and gold may spike, but I think the correction will be because Fed will increase rates in Dec. by 1/2 %.
Gold may tank on this.
Dollar is going to stay strong due to all the trade rhetoric, but it is easier said than done....
Saving my dry powder to buy JNUG in late Dec or early Jan.
GLTA
FYI
VP Pence, "aka career politician and attorney" leading the transition team...
Will favor tax cuts, friendly to big business including banks and deregulation....
I would not be in gold at the moment...
GLTA