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Gold, Discussion
wren
post Posted: Yesterday, 09:02 PM
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Gold,that metal that billions of Chinese and Indians cannot buy because it is so rare (advice:try calling the Perth Mint....they are in the book),is getting a bit of stick in Europe tonight:$1207 at present.Very cheap for something that is 'worth' $2,500,$3,500 or $10,000....take your pick!

 
flower
post Posted: Sep 28 2014, 02:47 PM
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In Reply To: flower's post @ Sep 28 2014, 11:50 AM

QUOTE
QUOTE Some main stream media have been predicting a double bottom for POG

usually the market disagree with the majority ... here the POG is looking to bounce from this short term support at 1210 , obvious resistance 1240

Note that if POG is actually repeating the behavior of the previous bottom : bounced from 1215 to its former support (now resistance) at 1265, then fell to 1180, forming positive divergence in the process and started a massive up trend to 1380
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(flower)
Apparently the last COT report show that the gross large spec short position was over 106,000 contracts which is the highest since Christmas 2013, and the commercial short position dropped to over 64,000 contracts. This is not my area ----but again apparently its a very bullish position for the POG.


Hi batikit, in fact should we both be correct, this is what the chart showed covering the period Christmas 2013-Easter 2014, and a repeat of this is just what might happen (not necessarily in that exact time frame---it may even be starting now), confounding all the "eggspurts"--who see nothing but gloom for the POG.
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flower
post Posted: Sep 28 2014, 11:50 AM
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In Reply To: batikit's post @ Sep 28 2014, 12:01 AM

QUOTE
Some main stream media have been predicting a double bottom for POG

usually the market disagree with the majority ... here the POG is looking to bounce from this short term support at 1210 , obvious resistance 1240

Note that if POG is actually repeating the behavior of the previous bottom : bounced from 1215 to its former support (now resistance) at 1265, then fell to 1180, forming positive divergence in the process and started a massive up trend to 1380


Apparently the last COT report show that the gross large spec short position was over 106,000 contracts which is the highest since Christmas 2013, and the commercial short position dropped to over 64,000 contracts. This is not my area ----but again apparently its a very bullish position for the POG.



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Combining Fundamental comments with Fundamental charts.
 
batikit
post Posted: Sep 28 2014, 12:01 AM
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In Reply To: flower's post @ Sep 26 2014, 11:22 AM

Some main stream media have been predicting a double bottom for POG

usually the market disagree with the majority ... here the POG is looking to bounce from this short term support at 1210 , obvious resistance 1240

Note that if POG is actually repeating the behavior of the previous bottom : bounced from 1215 to its former support (now resistance) at 1265, then fell to 1180, forming positive divergence in the process and started a massive up trend to 1380
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flower
post Posted: Sep 26 2014, 11:22 AM
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This is where it gets interesting as the market itself starts to fail gold starts waking up--the ultimate shelter is alive and taking notice following last nights COMEX option expiration, right now USD1225 AUD1392.

If the POG can continue rising tonight in the US we may be back in business.
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flower
post Posted: Sep 23 2014, 07:16 PM
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In Reply To: flower's post @ Sep 17 2014, 02:29 PM

7 days later the USD POG seems to be finally making forward moves, however it must rise above USD1230 to have any impact.
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flower
post Posted: Sep 17 2014, 02:29 PM
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The USD Index shows signs of topping out ahead of tomorrow morning's (our time) FOMC outcome, as a consequence spot gold in may have bottomed for this move, if she backtracks/delays about raising US interest rates, we may be at the start of the seasonal NH rise in the POG.
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flower
post Posted: Sep 12 2014, 06:51 PM
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In Reply To: Mookie's post @ Sep 12 2014, 05:35 PM

QUOTE
3% for a month's trade on average is a nice return


However Mookie---most of us are highly unlikely to be trading gold bullion!

What if--however--one had been trading NST for 4 months (tracking the USD POG) during late 2111 and early 2012?

In the case of gold bullion you made around 12% profit in total, but trading NST over the same timeframe you made virtually 100% profit rolleyes.gif
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lgrif
post Posted: Sep 12 2014, 06:28 PM
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In Reply To: lgrif's post @ Sep 12 2014, 06:25 PM

Darn, I did it again. Come on NBN

 
lgrif
post Posted: Sep 12 2014, 06:25 PM
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In Reply To: Mookie's post @ Sep 12 2014, 03:18 PM

Mookie, I'm giving this round to you.

 
 


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