My extended technical analysis of Gold: http://localsfoolsgold.blogspot.be/2013/11/how-to-analyse-and-end-of-week-what-do.html
Seasonal tendency so far not playing out in gold
- Thread starter blakpacman
- Start date
Is deflation rearing its ugly head? Will the Fed do "moar"?
http://www.google.com/trends/explore?q=deflation#q=deflation&cmpt=q
http://www.google.com/trends/explore?q=deflation#q=deflation&cmpt=q
Looking ugly in the land of gold. November seasonal tendency also not playing out. Maybe India's import restrictions having a bigger depressing affect on gold prices.
Fed news of easy money (Yellen confirmation with Senate) was met with mild rally, but a hint of taper possibility causes huge drop in gold price today.
Fed news of easy money (Yellen confirmation with Senate) was met with mild rally, but a hint of taper possibility causes huge drop in gold price today.
Long term investors in gold should be asking at this point: where is my stop, what is my 'uncle point' cause we are clearly in a bear market. http://localsfoolsgold.blogspot.be/2013/11/stops-your-financial-lifeline.html
Since the Fed announced that a taper MIGHT be coming soon, it doesn't look good for gold. And it's funny because a lot of gold bugs try to debate me, proclaiming that the price of gold just HAS to rise because of the fundamentals of the U.S. economy. A lot of these guys, by their own admission, are and have been holding long positions on gold for some time because they believe that gold HAS to rise....and they go as far as to ridicule people who've made profits shorting gold. Claiming that those people got it wrong.....