My "crystal ball" tells me, the upcoming week will not be pleasant for PM's. What does your fortune teller or c.b. predict? No charts please, just intuition.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Seems we are in a bit of a quiet phase. Nothing to drive it, nothing to pull it down. It is always best to get your metal when everyone is looking the other way and that's where we seem to be. Dips at this point seem to be good for accumulators.
<< <i>Its definitely going to be a "wait and see" Monday for me-----------BigE >>
The gold market opens in less than 3 hours in Asia.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Never have put much faith in the late night paper trader people though >>
But, it's morning in Asia.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
The way you phrased that reminds me of an old story.
A somewhat "matronly" lady goes to a portrait photographer to have her seated portrait taken. When he shows her the proofs, she complains that the pictures make her look too fat. She finally says "I'm not that fat, am I???" and the photographer answers "The answer, madam, is in the negative!"
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>The dollar can give a huge thank you to GREECE. >>
GREECE is the word!
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i>The dollar can give a huge thank you to GREECE. >>
Actually Portugal.
Cohodk, where do you see the next support level? looks like 1050-1060 to me
Gold has formed a little downtrend channel since the beginning of March. The bottom of that channel is todays low--so far. My momo indicator has flattened and possibly turning lower. The breakdown in the Euro could be substantial enough to push the dollar to 83+. A test of the 200dma (and Feb low) could be possible, but first gold needs to break below the 4-week down channel which may or may not happen. All in all its been a boring 3 month trade for gold, and a rough time for those who paid premiums.
<< <i>The dollar can give a huge thank you to GREECE. >>
GREECE is the word! >>
Gold will be moving every week. Not necessarily like we predict, either. One never knows what tomorrow holds, but it's the Big One in numismatic circles .
<< <i>The dollar can give a huge thank you to GREECE. >>
Actually Portugal.
Cohodk, where do you see the next support level? looks like 1050-1060 to me
Gold has formed a little downtrend channel since the beginning of March. The bottom of that channel is todays low--so far. My momo indicator has flattened and possibly turning lower. The breakdown in the Euro could be substantial enough to push the dollar to 83+. A test of the 200dma (and Feb low) could be possible, but first gold needs to break below the 4-week down channel which may or may not happen. All in all its been a boring 3 month trade for gold, and a rough time for those who paid premiums. >>
thanks, Cohodk.
my thought is, unless we have an unexpected event, that Gold will break lower in the near term.
<< <i>The SK ship that sank near NK might have helped gold rise a little today. >>
Why? How much gold was the South Korean ship carrying?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Comments
Seems we are in a bit of a quiet phase. Nothing to drive it, nothing to pull it down. It is always best to get your metal when everyone is looking the other way and that's where we seem to be. Dips at this point seem to be good for accumulators.
<< <i>Its definitely going to be a "wait and see" Monday for me-----------BigE >>
The gold market opens in less than 3 hours in Asia.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Never have put much faith in the late night paper trader people though
<< <i>I forgot about that!
Never have put much faith in the late night paper trader people though
But, it's morning in Asia.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Get ready for gold to skyrocket this week...
<< <i>If one swims in the ocean and a tsunami comes, are his chances of survival better on dry land at the beach head, or riding a wave over it ? >>
Your answer lies within this clip
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>If one swims in the ocean and a tsunami comes, are his chances of survival better on dry land at the beach head, or riding a wave over it ? >>
Your answer lies within this clip
MJ >>
The way you phrased that reminds me of an old story.
A somewhat "matronly" lady goes to a portrait photographer to have her seated portrait taken. When he shows her the proofs, she complains that the pictures make her look too fat. She finally says "I'm not that fat, am I???" and the photographer answers "The answer, madam, is in the negative!"
Cohodk, where do you see the next support level? looks like 1050-1060 to me
<< <i>Dollar strong like bull! >>
I agree. Bull!!!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>The dollar can give a huge thank you to GREECE. >>
GREECE is the word!
<< <i>The dollar can give a huge thank you to GREECE. >>
Actually Portugal.
Cohodk, where do you see the next support level? looks like 1050-1060 to me
Gold has formed a little downtrend channel since the beginning of March. The bottom of that channel is todays low--so far. My momo indicator has flattened and possibly turning lower. The breakdown in the Euro could be substantial enough to push the dollar to 83+. A test of the 200dma (and Feb low) could be possible, but first gold needs to break below the 4-week down channel which may or may not happen. All in all its been a boring 3 month trade for gold, and a rough time for those who paid premiums.
Knowledge is the enemy of fear
<< <i>
<< <i>The dollar can give a huge thank you to GREECE. >>
GREECE is the word! >>
Gold will be moving every week. Not necessarily like we predict, either. One never knows what tomorrow holds, but it's the Big One in numismatic circles
<< <i>
<< <i>The dollar can give a huge thank you to GREECE. >>
Actually Portugal.
Cohodk, where do you see the next support level? looks like 1050-1060 to me
Gold has formed a little downtrend channel since the beginning of March. The bottom of that channel is todays low--so far. My momo indicator has flattened and possibly turning lower. The breakdown in the Euro could be substantial enough to push the dollar to 83+. A test of the 200dma (and Feb low) could be possible, but first gold needs to break below the 4-week down channel which may or may not happen. All in all its been a boring 3 month trade for gold, and a rough time for those who paid premiums. >>
thanks, Cohodk.
my thought is, unless we have an unexpected event, that Gold will break lower in the near term.
<< <i>The SK ship that sank near NK might have helped gold rise a little today. >>
Why? How much gold was the South Korean ship carrying?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire