Gold

antiseptic said:
Anyone notice gold and silver are trading somewhat in sync with market indexes like the Dow? I thought this strange as it usually does the opposite.
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From my observations, USD has an effect of pushing/pulling the general market around only at certain times, usually toward trend ends/exhaustion phases.
Likewise USD & Gold. So in otherwords, synching of USD - Markets - Gold do happen and also don't happen but it depends on where we are in the cycle.
Correlations can be a bit hit & miss and also coincidental at times.
Likewise Gold & Silver correlations, mostly correlated but at times not, the strength of silver is correlated to how bearish/bullish gold is and the markets in general as Silver is more an industrial metal.
When I mention Gold Silver correlation, the lockstep depends on the ratio of the two, sometimes 1:1, sometimes 1:2.
 
themickey said:
Stay long atm.
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Damn. Isn't this about time to tell people to GTFO, take the profits? It has been up all since your call. (Very nice by the way.)

But geez, aren't you stretching it now?

I recall a little lesson I learned, which is gold demand usually spikes on the Dec contract at end of year, because of the holiday rush for gift shopping. We're getting close to the end of it for the contract. Why not play it safe? *shrugs*
 
Playing it safe IMO is using a stop and allowing it to possible continue as it has done lately - move higher.

But I would keep a stop close. Gold in Euros and Pounds looks kinda "toppy" past couple of days.
 
Gold broke the neckline in 2013.

for the last 5 years, it has been moving around 1050 and 1400.

and it will continue to move around 1050 and 1400 till the chart says otherwise.
 
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Holiday Monday in Australia so can't buy anything, have to wait until Tuesday, be interesting to see how gold goes on Monday USA time.
 
Gold stocks slammed up immediately on ASX on open today.
Little bit too bullish for my liking.
Not going to participate atm, I'm already sitting on 23 positions which is enough.
Nothing grabs me at the moment, just gonna sit and watch, market overall looks more bullish than bearish so no danger signals in sight.
Gold is a speculative commodity and I kind of hate it as an active investor.
 
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