Gold - where is it heading in the next 6 months - 1 year?

uberalles

A mate has a great interest in the markets and analysis of the gold market and his opinion is its time to sell.

Following analysis of charts over the last year approx of the saw tooth charts gold has dipped significantly to relatively new lows.

I use this for charts
http://goldprice.org/live-gold-price.html

While Im getting emails saying there are record demand for physical gold in Vietnam etc, Its not translating to a higher price, It just keeps dipping steadily lower.

What say you?

FISMA

Up.

Gold is up 12 out of the last 13 years, and this year is not over.

In general, the trend in Gold is to start going up around this time of the year, coinciding with historical buying cycles.

I think the paper gold is holding the physical back. Every time the paper retraces, the physical pops.

That should tell you something.

Tugboats

uberalles wrote: »

A mate has a great interest in the markets and analysis of the gold market and his opinion is its time to sell.

Following analysis of charts over the last year approx of the saw tooth charts gold has dipped significantly to relatively new lows.

I use this for charts
http://goldprice.org/live-gold-price.html

While Im getting emails saying there are record demand for physical gold in Vietnam etc, Its not translating to a higher price, It just keeps dipping steadily lower.

What say you?

Thats my signal to buy:cool:

Value Hunter

Tugboats wrote: »

Thats my signal to buy:cool:

It dropped 5.5% today. Maybe his mate knows what he's on about

halkar

We have seen all sorts of bubbles during the past decade. Gold is one of them. Only way for it is to go south.

gordongekko

uberalles wrote: »

While Im getting emails saying there are record demand for physical gold in Vietnam etc, Its not translating to a higher price, It just keeps dipping steadily lower.

What say you?

im getting emails from a Nigerian prince offering me millions that has been mislaid by the government. I guess if its on an email it must be true?

delux

I can see gold going down to $1000.. but I really hope people on these threads who are buying don't lose alot of money on it.
Back in 2008 alot of people on these forums lost money buying oil..
those people were talking about buying oil when it was $140 or whatever. That was a good sign of a bubble back then. all of this talk of gold sounds similar to that. Also see all of the cash-for-gold shops which have opened in the last year or so? that would show you the price had gone too high.

uberalles

It took some hit recently. Im considering selling.

DarkDusk

I have been waiting for the current bond bubble to pop for a long time now and it seems like it is beginning to happen right now. Yields for 10 Year US Treasury Bonds are at 22 month highs. In the event of a worldwide bond crisis, both bonds and stocks would be the losers, with precious metals being the only place for investors to put their money.

If this bond crisis breaks out (which it will have to eventually), you will see gold and silver go to the moon and probably end-game for the current monetary system.

DarkDusk

And, I'm sorry, but gold is not in a bubble. I'd be glad if you could give me one indicator showing that it is in fact in a bubble. It has risen gradually over many years accounting for the expansion of the world's money supply. Yes, in the last year or so it has been hectic but the reasons for the recent fall in price have been ridiculous. The people in the market (the same ones that were praising stocks and property in 2007) haven't a clue about the fundamentals supporting gold and only look at the short term and not the long term.

Watch out for this bond bubble, because when it explodes the world is going to be a very different place.

DarkDusk

uberalles wrote: »

It took some hit recently. Im considering selling.

You sound like a trader - a person who bases his decisions on what is going on short term instead of looking at the fundamentals. Traders do not belong in the gold market, as well as the speculators who caused the recent fall in price of gold. The more traders and speculators that leave the market, the better, because the gold is just being transferred from weaker to stronger hands (emerging economies e.g. China, physical buyers like myself) who are waiting for the next explosion in price.


(sorry for triple post, crappy laptop atm)

delux

(sorry for triple post, crappy laptop atm)

you can get a nice laptop for an ounce of gold