Gold above 1200$ an ounce in 2009?

Will gold be higher than 1200$ an ounce in 2009?

  • YES!

    Votes: 97 51.9%

  • NO!

    Votes: 90 48.1%
  • Total voters
    187
Gold is so overbought...get your 1 year and 3 month charts out...Gold will not hit $1,000.00 again...great sell/short opps await for Gold traders..imo...
 
Some of us are long, some of us are short. Some say it's ready to take off, some say ready to collapse.

In the next several months, one group of us will have done very well, and the other, not so much.

Fun! :D
 
I let someone else guess the bottoms and tops and just try to make little in between. But to answer your ques, if Gold breaks thru resistance at 890-920 then I say there is a chance of 1200. JMO. :D
 
Quote from increasenow:

Gold is so overbought...get your 1 year and 3 month charts out...Gold will not hit $1,000.00 again...great sell/short opps await for Gold traders..imo...
More...

Well...what do you see in the charts that indicates a selloff AND...that gold will never see 1000. again?

You tell me! Because I think you are high lol
 
Quote from increasenow:

Gold is so overbought...get your 1 year and 3 month charts out...Gold will not hit $1,000.00 again...great sell/short opps await for Gold traders..imo...
More...
confirmed today
 
Quote from increasenow:

confirmed today
More...

sorry, but how does today's pullback confirm that gold will not hit $1000 again? :confused:

If you're depending strictly on charts, you'd better be doing short term trading only, because the fundamentals say long term gold will most certainly break $1000 this year.
 
Quote from dumb_mother:

gold will retest 350$ as the euro first goes to 0% interest and then real fears begin to overtake the system that the euro currency will fail. dollar relative strength and deflation, along with all banks eventually being shaken out and dumping their massive stores of metals will create the bottom- from there we will see a quick reversal, but gold will not make new highs before new lows.
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When the euro rates are also 0% there won't be any paper left that pays interest. When paper pays less than the risk of debasement, its time to own metal.
 
Quote from dumb_mother:

gold will retest 350$ as the euro first goes to 0% interest and then real fears begin to overtake the system that the euro currency will fail. dollar relative strength and deflation, along with all banks eventually being shaken out and dumping their massive stores of metals will create the bottom- from there we will see a quick reversal, but gold will not make new highs before new lows.
More...

I can only hope you will be proven correct, specifically the shakeout in metals.
Currency values are just an illussion now, and it's simply a matter of time before it is shattered.
 
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