The free options that come with buying gold in Nov-2014

M

modern_day_midas

The free options that I see with buying gold right now:
  1. Potential increase in geopolitical tension, either Russia/Ukraine, US/Iraq or even Russia/Euro-zone
  2. Potential for Draghi's easing to be delayed due to political difference
  3. Possibility that expectations around a US rate hike are pushed back to late 2015
  4. Reversal of the metal's short term sell-off post BOJ easing
The main potential downside is that we keep seeing deflation in the news headlines, a downside which I see as already largely priced in. I have even begun to see news about the low gold price and lower forecasts in non-financial news websites. To me this one of the best end of trend indicators.

I am bullish gold in the short term (2-6 weeks). I have bought futures @ 1160, halfway up the leap on Fri 7 Nov. I welcome comments, please say if you think I've missed something.
 
free my ass.
its all in the price
gold would be <1000 if not for those factors, so you're actually paying through the nose

not too late to get out, sell now
 
modern_day_midas said:
The free options that I see with buying gold right now:
  1. Potential increase in geopolitical tension, either Russia/Ukraine, US/Iraq or even Russia/Euro-zone
  2. Potential for Draghi's easing to be delayed due to political difference
  3. Possibility that expectations around a US rate hike are pushed back to late 2015
  4. Reversal of the metal's short term sell-off post BOJ easing
The main potential downside is that we keep seeing deflation in the news headlines, a downside which I see as already largely priced in. I have even begun to see news about the low gold price and lower forecasts in non-financial news websites. To me this one of the best end of trend indicators.

I am bullish gold in the short term (2-6 weeks). I have bought futures @ 1160, halfway up the leap on Fri 7 Nov. I welcome comments, please say if you think I've missed something.
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Long term support is roughly 700-$750 and if that fails it could go back to much lower levels. Gold is purely a speculative item and once out of favour can drop immensely in value. Spike up to $2000 seemed to have a bubble like nature that demanded a lot of worldwide economic turmoil to have any legs.
 
Nine_Ender said:
Long term support is roughly 700-$750 and if that fails it could go back to much lower levels. Gold is purely a speculative item and once out of favour can drop immensely in value. Spike up to $2000 seemed to have a bubble like nature that demanded a lot of worldwide economic turmoil to have any legs.
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very timely.
 
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