Marketsurfer's bold gold proclamation

Status
Not open for further replies.
Quote from JSSPMK:

Sold with $1.5 stop

Price at upper TL of bearish channel (hourly chart), similar formation as on 7th Jan - triple top on lower histo.
More...


Scaled out 2/3 +3 at support, a bit of a lucky strike as price came in within 10c of the stop.

Keeping stop on 1/3 at $1.5
 
rough numbers here as I poked around last night

silver 42% off the 08 top
platinum 61% off the 08 top
palladium 66% off the 08 top
copper 63% off the 08 top
allum 42% off the 08 top

54.8 avg loss of these metals.

Yet gold is off what? 14%`ish?

Thats mucho catching up to do.

I think gold goes to sub 500 within the next 6 months.

And those numbers aside lets talk sentiment.

Could there be anymore commercials hocking gold?

And how about goldline adding 100 new employees on CNBC earlier this week?

And youtube is flooded with regular folks talking the benefits of the yellow metal.

The public is entirely too bullish on gold for it to go any higher.
 
Quote from TrueRange:

rough numbers here as I poked around last night

silver 42% off the 08 top
platinum 61% off the 08 top
palladium 66% off the 08 top
copper 63% off the 08 top
allum 42% off the 08 top

54.8 avg loss of these metals.

Yet gold is off what? 14%`ish?

Thats mucho catching up to do.

I think gold goes to sub 500 within the next 6 months.
More...


What about the other half of the equation? See how much each of them went up in the first place, gold never went up as much as the rest of them.
 
Keep an eye on metals, (Alum, steel, etc). Then tend to go up after China's New Year. Its a pattern im playing this year, all but lightly.
 
Quote from FCCT:

What about the other half of the equation? See how much each of them went up in the first place, gold never went up as much as the rest of them.
More...

Good point. I`ll take a peek and report.
 
Quote from TrueRange:

Good point. I`ll take a peek and report.
More...

again rough numbers may be off a few % pnts.

Silver 4-20 = 400%
All 62-140 = 125%
Copper 60-400 = 560%
Palladium 175-600 = 240%
Platinum 350-2200 = 520%

AVg of the 5 = 369%

Gold 250-1000 = 300%

1.23 to 1....making any expected decline in kind in Gold what...41%?

So Gold goes to 590`ish if they follow suite.
 
Surf..... I thought that you where gone after your 7777 prediction on Dow? Looks like you bounce back and that's what winners do over and over...but this gold thing you are still on is just fucking stupid and you can not seem to take changes in policy, data points and any other bits of info to say.......oh i am wrong AND THIS WILL GO HIGHER BASED ON THESE CHANGE IN X .

You got to adapt brotha and not fall in love with your opinion.....Or suffer the pain that you will have waiting for 600 and not buy the break we will soon.........flexibility and adaptions is what you need to to stay in this game........Trade well.

Hyper inflation is on the way and the gold standard is going to be talked about again real soon as soon as the printing press in the Fed breaks.
 
Gold is not a commodity as most people think. Gold has its currency side of character unlike other cheap metals. Learn how the price of gold is fixed.
 
Quote from WyckoffTrader:

Hyper inflation is on the way and the gold standard is going to be talked about again real soon as soon as the printing press in the Fed breaks.
More...

Gold Standard will be the worst thing happen to common people.
 
Status
Not open for further replies.
Back
Top