Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
So maybe it just over shot? I know some on the stocktwits board that have bet their houses on gold shorts breaking down like silver did, they seem so sure of gold going to 1050, it's hard to ignore.
I keep hearing the argument that gold will follow silver and break down
Silver,
https://www.tradingview.com/x/v7qyy5aG/
Gold,
https://www.tradingview.com/x/H1gW8noB/
Thoughts on this?
I don't really see them as related, but silver HAS broken down and gold hasn't.
LOL, eh...
Fed will step in, they always do....
Welcome to QE4 2015 coming to a printing press near you
Triple bottom confirmed. Going to back to 1500+ on this next run.
https://www.tradingview.com/x/65m5kmgQ/
Triple bottom seems VERY bullish on every single site I've checked, I can't find a triple bottom that broke down.
http://i.investopedia.com/inv/dictionary/terms/triplebottom.gif
Would be good, I've bought 300oz of phys silver in the past 2 weeks.
I'll keep stacking and sell it all if it ever hits $30+
I don't think so, if the market crashes, it'll take gold with it.
The entire ocean will sink with the beach ball on top
Let's keep it simple:
Triple bottom in for gold = bullish and will break out eventually, they do 70% of the time.
I'm thinking 1320+ then a break out to about 1450, gold will come back, FED needs the USD lower for exports and imports
https://www.tradingview.com/x/XY3FVTdx/
Why would we get capped and slammed, everyone is thinking the same way "any rally will be smacked, don't go long, be careful, $24 , then back down"
Same story told by everyone that has lost faith in gold.
18T in debt, bubble stock market, 4.5T balance sheet...gold will go back up to 1800 where it belongs, only a matter of time, 1-2 years.
In with 300,000 shares avg 12.7
Long until volume picks up, target 0.16 - 0.18 and I bounce.
I have 300,000 shares at 0.127 avg so far.
Will dump all if 0.11 hits though...
Didn't you buy in the 20's when it was cheap?
I love GOOOOOOOOOOOOOOOOOOOOOOOOOOOLG
Brutal, that mine is worthless and will be BK in no time. IMO stay away from those....they're the first ones that will go to zero...brutal non existent volume too, stay away and at least find one that actually has investors, LMAO
It's going back to 30 pennies I'm 100% sure of that
I'm fully loaded with a decent amount of cash to pick up some cheap miners this month...hoping to see capitulation 1050
Looks like my stops will get hit on monday , NUGT,GLD and GDX
Looking to load up big on BAA if it hits 0.10 or lower, Looks like gold will capitulate 50-100 in a day like in 2013 when it breaks triple bottom tomorrow.
Could be fun to watch
GLD touched 52 week low...grabbed some along with NUGT and GDX
Buy it when 100% of people think its going way lower
Yeah yeah yeah...same old story, no gold, no gold...FYI, people that trade GLD etc...they don't want physical, they will never ASK fore their gold because who wants to own gold when you can day trade it instead...
Hilarious, the people that think this...will never happen in a trillion years
Why I think gold is reversing after a multi-month beat down
Stochastic finally bottomed and a nice weekly spinning top
https://www.tradingview.com/x/g92IXAv8/
Stuck in a downtrend, touched the top to be smacked down almost instantly
https://www.tradingview.com/x/ICB9nYEe/
Target 1204
DXY is a rocket ship...one last fake pump by the FED before the massive dump of the USD
trading at 241.05 yuan/g now = $1221 USD tonight. $5 premium...about the best it'll get IMO
Facts:
There haven't been any jobs created since 2008, check the numbers
The only reason unemployment is 6.1% is because more people are leaving the workforce.
There were more retired people coming out of retirement to work than 25-45 years got jobs last Q = big time inflation, CPI numbers are BS.
The only reason the USD is going up is because other currencies are going down.
There hasn't been any tapering, in fact QE is now close to 125B a month with different countries buying bonds under the FED alternative company name...laundering
1 gram of gold on Shanghai is now worth 240.9
Do the math...it's like 1217 USD
RSI hit 10 in 2009....will go to 5 this time.
RSI and any other technical indicator is irrelevant with PM's
Silver end game happening, getting destroyed.
Capitulation of metals before the market crashes?
Silver $12 - Gold $1075
Doesn't matter what the price is, it means nothing to US mining stocks and ETF's
Gold tanking as we speak..makes no difference, Shanghai or not...
That's what I've been trying to say, but people are using some presentation picture, LOL, completely useless.
Look at the spot 240-/+
Forget the converter, just look on the site, the price is 240.6
NO way in hell it's 100$ more...impossible.
Au(T+D) 240.6
Show me a link where the spot price is 259...then I'll believe it.
Do the math, it equals out to $1218/oz USD
based on 240.6 (current price) and 31g / oz
http://www.sge.com.cn/
The spot price and entire gold market is run by the USA and no one else, USA wants gold below $1000 and no one can stop them...
I liquidated all my gold positions at decent profit last month, sitting on side lines, waiting for "the great miner flushing"
BAA will be on of those flushings, horrible management there, one of the worst in the mining sector.
Why not...GLD - NUGT etc...they're stocks, you trade them, if you want physical, you buy it and keep it.
Of course stocks will be manipulated...they allowed the leverage, nothing wrong with that IMO
if physical goes to 800-1000 which it will for a few years, who cares, eventually once most scam/greedy shareholder stealing miners go bust, we'll have less supply and then gold will go back up...There needs to be a scam miner flushing and it's coming fast.
On the Shanghai exchange, it's 240.6/g now...check the site.
http://www.sge.com.cn/
If using troy, it would equal - 1218.49
right on the money...there's no difference...almost the exact number. There never would be a difference, or else the Chinese would just buy off the Comex, LOL
Both exchanges will be the exact same prices...
Chinese having their oz $100 above Comex spot...makes no difference, our ETF's are all American based prices...Chinese exchange is irrelevant in our stocks...
imma stupid...
LOL
Nope, do the math again.
259.6 yuan/g = $42.28/g USD
42.28 * 28.35g(oz) = 1198.63/oz USD
Should be under 1200 tonight then...
Oh wait, wrong price, second time I got 1214....so it is correct, same price.
Chinese will smack it down hard tonight again..."Goldman Sachs I mean"
Sub 1200 coming quick, USA has control over 24 hour market now.
Brutal, I feel for anyone holding miners / gold / silver
I got 1100/OZ USD...
I suck at math maybe...
so how many mining jobs and bankrupcies would happen if gold stayed in the 1000-1200 range....50 million jobs lost? 500 bankrupted mines?
There's only so much they can smack it down until they can't even produce it anymore....
thoughts on this...thanks
So will goldman sachs be right? 1050?
where we headed short term because i have no clue anymore other than picking up baa and a few other miners at 5 year lows
can go wrong with kinross too.....
how's that bounce....ouch...should have waited..i just picked up some 0.15's ah
just picked up a ton in the 0.15's
for a quick trade....bk or reverse split coming