Since the thread is more about timing, I focus on short time frame forecast.
In the long term, double digit inflation next year may become the catapult you are waiting for.
Which way? A Gold Timing exercise
- Thread starter themickey
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Since the thread is more about timing, I focus on short time frame forecast.
In the long term, double digit inflation next year may become the catapult you are waiting for.
Yes, that's what I was hoping to achieve with creating this thread, calling the bottom and the next move up, alas this month seems not to be the case. Initially I thought we were going to see a breakout earlier, but not to be, we're just getting chop.
Anyhow that was the plan, to call the beginning if the next leg up, my time frame is usually short term when change us in the air.
Friday's gold sentiment was ratshit again, but I'm more bullish than bearish atm for December.
2002 onwards was good for gold. (It was early on in the 2000-2011 bull market)
If you start in 1980, the numbers look very different. (1980-2000 was a savage bear market)
The price of gold can only go higher and higher
Here goes, a bit of a bold dangerous call, but this is it, gold going in for a Santa rally from this point on!
We have seen the bottom of the floor, the basement, the foundation, and it's up from here!
The signal I have is not super sharp but there appears to be enough evidence we are turning bullish from here.
Expect gold to clear 1875 sometime January.
Looking at the gold chart, you wouldn't know it.
We have seen the bottom of the floor, the basement, the foundation, and it's up from here!
The signal I have is not super sharp but there appears to be enough evidence we are turning bullish from here.
Expect gold to clear 1875 sometime January.
Looking at the gold chart, you wouldn't know it.
A very strong market day today sucked some wind out of gold's sails but silver managed to rally.
Silver is where I would suggest placing your precious metals bets in preference to gold.
Here's a brief list of silver stocks to consider.
On the ASX, SLV.AX or ETPMAG.AX for the ETF
Silver is where I would suggest placing your precious metals bets in preference to gold.
Here's a brief list of silver stocks to consider.
On the ASX, SLV.AX or ETPMAG.AX for the ETF
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Gold & silver rising slowly but lacking conviction, majority remaining below 50 & 200MA's which includes ASX of which number ~200 precious metals stocks.
There are ~450 diversified metals and mining stocks on ASX besides the precious metals.
There are a total of ~2106 listed companies in total on ASX, so that means ~30% of ASX listed stocks are directly mining related.
There are ~450 diversified metals and mining stocks on ASX besides the precious metals.
There are a total of ~2106 listed companies in total on ASX, so that means ~30% of ASX listed stocks are directly mining related.
Gold at 1830 is getting interesting again. Stocks haven't really moved much yet waiting for some further momentum I guess. This is kind of the tipping point any higher the stocks will rally some; Copper same deal top of range.