Welcome Guest [Log In] [Register]


Reply
Gold price dives through support to new low. Gold Bubble continues to deflate.; Gold price to drop another 15% this year say strategists at Societe Generale
Topic Started: 3 Apr 2013, 10:29 AM (37,668 Views)
Perthite
Member Avatar


I am currently keeping a close eye on Meeka property.
Profile "REPLY WITH QUOTE" Go to top
 
goldbug
Default APF Avatar


Trojan
13 Sep 2013, 04:05 PM
"it means gold is better buying now" or "the new bull run is about to begin"
I agree, it's always a good time to buy gold unless it's over priced against inflation adjustments. If I was under-allocated I would add more myself but you can't put all your eggs in one basket, that would be foolish. Unfortunately a lot of Australians have done just that. Bet their future on one asset class simply because they fell in love with it.

But we will be back here in 3 or 6 months, as the price of gold moves higher again. Jut like last time, and all the times before that.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
Profile "REPLY WITH QUOTE" Go to top
 
Pig Iron
Member Avatar
Bogan scum

goldbug
13 Sep 2013, 07:24 PM
But we will be back here in 3 or 6 months, as the price of gold moves higher again. Jut like last time, and all the times before that.
i'm sure we will be back here, and you will have a new sock. but gold won't be higher.

Posted Image
I am the love child of Tony Abbott and Pauline Hanson
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

Gold has now given up most of the gains from its recent dead cat bounce and still dropping like brick.

Where's Crazy Tedbug to explain what went wrong?

Posted Image
Edited by Shadow, 16 Sep 2013, 12:08 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
b_b
Default APF Avatar


Shadow
16 Sep 2013, 12:06 PM
Gold has now given up most of the gains from its recent dead cat bounce and still dropping like brick.

Where's Crazy Tedbug to explain what went wrong?

Posted Image
I'm really surprised at Gold's performance today. I would have thought Gold would rally given Summers (Hawkish) is no longer running as Fed Chairman.

Not a good sign if you are long Gold.

(S – I) + (T - G) + (M - X) = 0
Profile "REPLY WITH QUOTE" Go to top
 
miw
Member Avatar


b_b
16 Sep 2013, 12:14 PM
I'm really surprised at Gold's performance today. I would have thought Gold would rally given Summers (Hawkish) is no longer running as Fed Chairman.

Not a good sign if you are long Gold.
I don't think the gold speculators are thinking that far ahead. I'd say they are focussed on this week's FOMC meeting and last week's action is saying they think tapering will start this month.

I reckon it's likely but not a slam dunk. I'd say there is a trade available to buy gold about 30 mins before the press conference with a tight stop on the downside and sell before market close. If there is a $10B-$15B tapering, nothing much will happen, but if tapering is deferred gold will soar. If the tapering is more it will plummet and you'll lose a few bucks below your stop as NBBO evaporates but there is probably a 3:1 reward:risk.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
Profile "REPLY WITH QUOTE" Go to top
 
b_b
Default APF Avatar


miw
16 Sep 2013, 12:31 PM
b_b
16 Sep 2013, 12:14 PM
I'm really surprised at Gold's performance today. I would have thought Gold would rally given Summers (Hawkish) is no longer running as Fed Chairman.

Not a good sign if you are long Gold.
I don't think the gold speculators are thinking that far ahead. I'd say they are focussed on this week's FOMC meeting and last week's action is saying they think tapering will start this month.

I reckon it's likely but not a slam dunk. I'd say there is a trade available to buy gold about 30 mins before the press conference with a tight stop on the downside and sell before market close. If there is a $10B-$15B tapering, nothing much will happen, but if tapering is deferred gold will soar. If the tapering is more it will plummet and you'll lose a few bucks below your stop as NBBO evaporates but there is probably a 3:1 reward:risk.
You are probably right.

FWIW, if they do "taper", I think this will get reversed later this year anyway. The data out of the US is not that great.

(S – I) + (T - G) + (M - X) = 0
Profile "REPLY WITH QUOTE" Go to top
 
miw
Member Avatar


b_b
16 Sep 2013, 12:35 PM
FWIW, if they do "taper", I think this will get reversed later this year anyway. The data out of the US is not that great.
I doubt that for 3 reasons:

a) There's bugger-all difference between 70B and 85B in terms of steady-state effect on the market so at most they will just jawbone about delaying further tapering.

b) For many reasons, most of which have been debated on the forum, bond-buying doesn't really have much impact on the economy at large.

c) Also, despite the numbers being mixed, my feeling is that 7.0 or 7.1% U1 unemployment by the end of the year is probably baked in now, not to mention that Bernanke wants tapering to be underway before he leaves.

But time will tell. It's gonna be interesting.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
Profile "REPLY WITH QUOTE" Go to top
 
goldbug
Default APF Avatar


Shadow
16 Sep 2013, 12:06 PM
Gold has now given up most of the gains from its recent dead cat bounce and still dropping like brick.
Another prediction then is it. So I guess we won't see gold rally up to $1500+ aussie for years to come, is that your call shadow?

Don't worry, you don't have to answer that. I know how you hate to make difinitive statements about your predictions.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

goldbug
16 Sep 2013, 01:44 PM
Another prediction then is it.
You need to learn the difference between a statement of historical fact, and a prediction about the future.

Gold has given up most of the gains from its recent dead cat bounce and is dropping like brick.

There is no prediction there, just a factual statement about what has happened recently and is happening right now.
Edited by Shadow, 16 Sep 2013, 01:49 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
3 users reading this topic (3 Guests and 0 Anonymous)
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy