GLD up or down in 2014

[Robertbrad]

It may increase as in 2013 it was decreased.

 

[actionzip54]

Quote from Bry:

GLD needs to take out 125 on good volume= really good *preliminary* bullish scenario.

Then *IF* GLD also takes out 135, the trend is *probably* changed back to up *at least until/if it changes back down again*.

That's it!

PS: long term stop loss would be below the double bottom lows of about 1140...long term charts are still very bearish, but they change direction like super tankers turn: very slowly. The weekly charts look pretty darn good. But they may look like crap next week, or in a few weeks.

So many times the bottom has been called only to have price head lower. Use the monthly charts on the last day of the month to help determine. Use trend lines and volume.

If you can put up a monthly chart from 1995 to 2014 and show me how it's bearish I'll pay for a night with a $10000 dollar hooker of your choice.

 

[Bry]

Quote from actionzip54:

If you can put up a monthly chart from 1995 to 2014 and show me how it's bearish I'll pay for a night with a $10000 dollar hooker of your choice.

Ha. I guess no convincing possible, since it is all subjective.
Hooker, aye? Sheesh, Father actionzip54, your prize choice is so holy!

 

[Bry]

Today: rallying US$ may suppress gold price...again.

 

[kid.fx.cross]

Quote from Bry:

Today: rallying US$ may suppress gold price...again.

yes, that dollar is looking very strong

that's really the trade isn't it?

USD vs GLD

 

[Bry]

Actually SLV chart looks very tempting.

 

[TradingPilot]

Based on the monthly chart my guess is its going UP.

 

[badnewsbear]

It's going down longer term, but with a lot of volatility. Gold was at ~$800ish leading into the 2008 fear induced bubble. I look for it to get back to at least $950 before we get a run up again. I'm long DUST.

 

[Humpy]

Quote from TradingPilot:

Based on the monthly chart my guess is its going UP.

same here

 

[Robertbrad]

Yup may be the prices will increase.