Marketsurfer's bold gold proclamation

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One only has to pull up a 30+ year chart of gold and view the action of the last 1,5 years in context.

While most commodities have reatreated sharply from their recent (2008) long-term highs, gold has not. Instead, it has formed a major consolidation above its 1980 high. This alone should tell you something.

The fact that that the IMF gold sale had zero impact on the price (because China and others are more than willing to absorb it) just completes the picture.

There is a MAJOR breakout in the making. Yes, it may fail, but if it doesn't, the upside potential is enormous.

By the way, I am not a gold bug. In fact, I think most gold bugs are paranoid conspiracy theorists.

But this time, they may be right.
 
Quote from sculptor66:

One only has to pull up a 30+ year chart of gold and view the action of the last 1,5 years in context.

While most commodities have reatreated sharply from their recent (2008) long-term highs, gold has not. Instead, it has formed a major consolidation above its 1980 high. This alone should tell you something.

The fact that that the IMF gold sale had zero impact on the price (because China and others are more than willing to absorb it) just completes the picture.

There is a MAJOR breakout in the making. Yes, it may fail, but if it doesn't, the upside potential is enormous.

By the way, I am not a gold bug. In fact, I think most gold bugs are paranoid conspiracy theorists.

But this time, they may be right.
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Not to forget the effect of forced short covering, if in play one day there will be some big shtick on a Gold chart.
 
Quote from Rodney King:

An update - email from E'trader, fwd'd by Surf -

---------- Forwarded message ----------
From: Elite Trader Support <#######@elitetrader.com>
Date: Tue, Sep 22, 2009 at 7:57 PM
Subject: Re: banned?
To: dave g <############@gmail.com>

Yes, you were banned, but I do not know who did or for what reason.

If you have any questions, please let us know.
Joe A.
http://www.elitetrader.com/
#######@elitetrader.com
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"5) Registration is limited to one username per member. Elite Trader may, without prior notice, immediately terminate any or all of your accounts after discovering you have registered, and/or posted under, multiple usernames." from ET's rules of conduct
 
Rodney King = marketsurfer. RK first emerged shortly after marketsurfer was banned a few years or so ago. I think we're supposed to pretend we don't know.
 
Makes perfect sense. That also explains at least one other identity he's been using that he posted on this thread as, except he forgot that he had logged in using the other identity and responded by signing the posts as "surf", which I found confusing at the time, but just glossed over.

What a tool.
 
Quote from Thunderdog:

Rodney King = marketsurfer. RK first emerged shortly after marketsurfer was banned a few years or so ago. I think we're supposed to pretend we don't know.
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That's a rather appropriate moniker given the beatings he's taken in the market. :D
 
Wouldn't it be hilarious if Surf was banned from here for good....and then gold dropped to 800 in a week ?


He would be going nuts trying to get on here and pat himself on the back.
 
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