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gold down almost $50

secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
in Precious Metals
another few weeks of this and they'll be giving the stuff away image
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)

Comments

  • melikecoinsmelikecoins Posts: 1,154 ✭✭
    Up, down, I just hold


    Glen
    I don't buy slabs I make them
  • storm888storm888 Posts: 11,701 ✭✭✭


    Deflation.
    Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    Purchases at my end up 50%

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Note that GLD volume was less than half of the volume today compared to the 12/4/09 cliff dive. Both were similarly sized drops. Volume today, while large, was smaller than a dozen other days of the past 7 months. We need a little more volume here......or cowbell. Ciga Eric D. noted that we're at the gap down point from the 12/4/09 drop: $1195-$1205. Offers some resistance, for now at least.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
    I think the 1 year gold chart is calling for an 1150-1190 range before we move higher.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    More Cow bell!image

    Buy the dip if you can find anyimage
    Avid collector of GSA's.
  • keepdachangekeepdachange Posts: 1,374
    picked up 8 oz w/ the funds from all the 90% I sold last week
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>picked up 8 oz w/ the funds from all the 90% I sold last week >>



    image
    Avid collector of GSA's.
  • cohodkcohodk Posts: 19,105 ✭✭✭✭✭


    << <i>Note that GLD volume was less than half of the volume today compared to the 12/4/09 cliff dive. Both were similarly sized drops. Volume today, while large, was smaller than a dozen other days of the past 7 months. We need a little more volume here......or cowbell. Ciga Eric D. noted that we're at the gap down point from the 12/4/09 drop: $1195-$1205. Offers some resistance, for now at least.

    roadrunner >>



    Volume was not huge today, but it was about 2x the 30 day average. Breaks of rising wedges are rarely pretty. GLD will test the 111-113 area. Problem is my momo indicator is very high and just starting to turn lower. This is a 2 month + indicator. Gold gonna be weak--at a minimum flat--for awhile. Unfortunately I think it needs a goods flushing.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • johnny9434johnny9434 Posts: 28,313 ✭✭✭✭✭
    im keeping an eye on silver right now. i wish it would do something one way or another
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    http://www.marketwa-ch.com/story/contrarian-reaction-to-golds-big-plunge-2010-07-02

    The HGSI fell from the upper 30's down to 23 yesterday. These levels tend to indicate that gold is closer to starting a new move or finishing the last one than it is to just having been washed out for a few months.

    You'll have to add the "t" back in to "watch" in the link for it to work......our forum secret word police at work.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    gecko must be out buying?

    image
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