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Gold easing down
Topic Started: 11 Sep 2014, 09:57 PM (11,445 Views)
Count du Monet
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peter fraser
30 Sep 2014, 08:46 PM
What just happened to gold?

Nothing has happened to Gold, it is volatility in the USD. Something that has been the case since the beginning of the century. The USD simply moves inverse against everything bar currencies that fix themselves in USD. Volatility in a currency is not a good thing.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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b_b
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Count du Monet
30 Sep 2014, 10:06 PM
Nothing has happened to Gold, it is volatility in the USD. Something that has been the case since the beginning of the century. The USD simply moves inverse against everything bar currencies that fix themselves in USD. Volatility in a currency is not a good thing.
:lol
That's right. The train is not moving. It's the platform.
(S – I) + (T - G) + (M - X) = 0
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b_b
30 Sep 2014, 10:10 PM
:lol
That's right. The train is not moving. It's the platform.

Why the worlds wealthy are buying gold.

http://m.smh.com.au/business/mining-and-resources/gold-price-the-worlds-wealthy-are-snapping-up-bullion-20140929-10nica.html
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Mike
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Gold is moving close to the $1200 support level. Wont be long now till it passes through this and keeps falling.
http://mike-globaleconomy.blogspot.com.au/
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GloomBoomDoom
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Mike
1 Oct 2014, 12:24 PM
Gold is moving close to the $1200 support level. Wont be long now till it passes through this and keeps falling.
Sounds like it's time to buy then. Every time Peter says something like that it rallies.
MSE
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Mike
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GloomBoomDoom
1 Oct 2014, 01:14 PM
Sounds like it's time to buy then. Every time Peter says something like that it rallies.
I would consider buying gold once it reaches around $800 which is where I think gold will end up in a few years time.

http://mike-globaleconomy.blogspot.com.au/
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Sydneyite
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GloomBoomDoom
1 Oct 2014, 01:14 PM
Mike
1 Oct 2014, 12:24 PM
Gold is moving close to the $1200 support level. Wont be long now till it passes through this and keeps falling.
Sounds like it's time to buy then. Every time Peter says something like that it rallies.
It could be worth a "long" punt on the futures based on the current support/trading range - but have a stop in place such that if it does drop below $1200 you sell and take your loss - if support @ $1200 breaks then I reckon the price will fall a lot more from there.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Dr Watson
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The subject of gold brings me to the miners, and Rio Tinto. Here we see a miner stuck in trading range:

Posted Image

Not unrelated to gold is the small matter of QE. Here we can see the impact QE has had on the US stockmarket:

Posted Image
Attached to this post:
Attachments: rio.png (18.76 KB)
Attachments: QE.png (20.58 KB)
Edited by Dr Watson, 1 Oct 2014, 02:20 PM.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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herbie
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"On November 30, Swiss citizens will go to the polls to vote on three areas; whether or not the Swiss National Bank should increase its gold reserves to 20%, that the central bank should stop selling its precious metals and that all its gold should be held within the country."
...

"... if the referendum passes the Swiss National Bank would have to buy about 1,500 tons of gold over the next three years ..."

http://www.kitco.com/news/2014-09-30/Swiss-Gold-Referendum-Attracting-Attention-Two-Months-Ahead-Of-Vote.html
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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GloomBoomDoom
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Sydneyite
1 Oct 2014, 01:56 PM
It could be worth a "long" punt on the futures based on the current support/trading range - but have a stop in place such that if it does drop below $1200 you sell and take your loss - if support @ $1200 breaks then I reckon the price will fall a lot more from there.
At the moment it's as if the only people not bearish on gold are those that already own it with no intention of selling and goldbugs. Not sure how much more it can be talked down from here but not saying it can't happen.
People seem to be religiously attached to the idea of an actual recovery. When they finally realise the Fed is unable to withdraw QE or raise rates or control inflation then interest in satan's stone should increase.
MSE
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