Gold Prices: Death Cross Signals...
renman95
Posts: 7,037 ✭✭✭✭✭
…Bubble Has Popped.
Huh-tidbits:
"I think it could be years before gold breaks out of its new bearish bias."
"...there's an 85% chance" that gold will be go back up and test the upper end(!)
"...the upside is limited to where the death cross is ($1693)."
"It has been nearly five years since gold last posted a death cross in October 2008." Huh? More like just over 3.5 years.
"...it seems to be get me out on strength."
Huh-tidbits:
"I think it could be years before gold breaks out of its new bearish bias."
"...there's an 85% chance" that gold will be go back up and test the upper end(!)
"...the upside is limited to where the death cross is ($1693)."
"It has been nearly five years since gold last posted a death cross in October 2008." Huh? More like just over 3.5 years.
"...it seems to be get me out on strength."
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Comments
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
These guys irk me a lot when they just toss around words like "bubble" with no real meaning or evidence of what they are even talking about.
paramount is for the stock market to stay relatively strong, keep Germany appeased (somehow), although they have a lot to lose if they abandon the Euro.
S&M on N2O for the rest of the year.
People are sending money to northern European countries to keep their assets in Euros rather than having all their assets in retirement accounts converted into drachmas. Capital controls are being put into place in several countries in order to keep this from happening. The US has similar controls already in place.
Why do you suppose this is? The grand theft continues. If enough people opt for gold, you can expect Chuckie Schumer and his gang to be hot on the trail. I'd rather deal with that problem than to not have any options because of an involuntary currency devaluation. FDR would be so proud.
I knew it would happen.
10-20% PM's
10-20% liquid 24-72 hour cash equiv.
10-20% residence
10-30% collectibles
10-30% financial instruments
30-40% real estate
Tough to stay balanced with bubbles. The more the bubble strings you out, the more reserves you need to be able to deal w/ emergencies.
Knowledge is the enemy of fear
<< <i>This death cross occurred 6 weeks ago >>
That is pretty funny. LOL. Made my evening....
<< <i>2008 all over again. Flight to US$ until it gets hammered again. Hold 'em, don't fold 'em. >>
We know our situation hasn't been fixed and still loaming over our heads. But they could be tumbling for years over there. Funny, our dollar stays stronger as long as they keep failing (more than us). -Hold and buy..
So this is what being a bagholder feels like huh?
Sure, buy if it feels right to you, but I really feel Metals are going to be just a slow lingering death at least until the election is over, at least. To me, that's too long to tie up dead money. Don't get me wrong, I'm keeping most of what I have "put back", but I think the smart play now is to go with the flow and short the heck out of it. That's going to be my hedge plan.
<< <i>Anyone who thinks gold was/is in a bubble is a fool. Not even close. look at the chart. that is not the chart of a bubble. >>
Silver was definately in a bubble last year. Otherwise it wouldnt have lost 1/2 its value. Gold got pretty darn close.
Knowledge is the enemy of fear
<< <i> Silver was definately in a bubble last year. Otherwise it wouldnt have lost 1/2 its value. Gold got pretty darn close. >>
silver was overbought last year, now it is approaching oversold. Anyone playing the silver markets knows that it's volatility will cause it to keep repeating this process. In the long term silver will return multiples of what gold will return.
"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