Gold and Silver Set to Resume Upward Trajectory [View article]
I reckon there is still some more downside before this bull market resumes, hopefully by Labor Day, which could be a catalyst for the PMs to move higher.
Possible Devaluation Of The Euro Casts A Shadow Over Gold's Future [View article]
Uphill-Skier,
Agreed that any devaluation anywhere should lead the populous to look at alternatives such as gold, but it takes time. Even when gold prices were booming there were many money/fund managers who ignored it completely.
Im just not smart enough to know where the bottom is and it worries me that a number of my peers have already called it as being 'in'
Im reluctant to increase my exposure to mining companies at the moment until Im convinced that we have been through a 'total' capitulation. This is a capitulation of sorts but there could be more downside before we see any upside movement. Yes indeed the price forecasts range from the $750 that you mention to many thousands, someone has got it really wrong... I can only reiterate that my very humble opinion is that we are in a down phase of this bull market. So in the short term its heading south and in the long term the bull market will resume, but that's just my view on the state of things at the moment. Sorry I can't be more precise but I do expect the picture to clear and by Labor Day we should know one way or the other. Take care and go gently and don't let me put you off, Bob K
This bull is still of the opinion that there is more downside to come and is reluctant to go long at the moment, although I am doing my best to id the bottom just like everyone else. However, bottoms are usually only recognizable when we have passed them, but if you have any thoughts on spotting this turning point please fire them in. Im sure the readers would appreciate your efforts just as much as I do. You never know we might be on to it first and make a killing!
"golden cross" next to the "death cross." - yes indeed. TA is never spot on and can really only be used in conjunction with your fundamental analysis and what the trends are telling you.
Being a gold bull but recognizing that we are in a bear phase is like being right handed and having to play tennis with the left hand. However, as retail investors we are small enough and therefore should be nimble enough to change direction quickly and take advantage of a move in the PM sector. It shouldn't matter whether its going up, down or sideways, if you have identified the direction then position your self accordingly
Alex,There is an enormous gap on the DUST chart between the price and the 200dma, which puts me off a bit, as these things tend to revert closer to the 200dam, but don't let me put you off the trade.
Gold and Silver Set to Resume Upward Trajectory [View article]
Possible Devaluation Of The Euro Casts A Shadow Over Gold's Future [View article]
Agreed that any devaluation anywhere should lead the populous to look at alternatives such as gold, but it takes time. Even when gold prices were booming there were many money/fund managers who ignored it completely.
Possible Devaluation Of The Euro Casts A Shadow Over Gold's Future [View article]
Take a look at today's action - the dollar dropped and gold jumped, the inverse relationship is crystal clear to me.
Possible Devaluation Of The Euro Casts A Shadow Over Gold's Future [View article]
but everything should be discussed, nothing is off limits.
Silver: A Bulls' Game Of Patience [View article]
Thank you very much indeed for your kind words, they are really appreciated.
Silver: A Bulls' Game Of Patience [View article]
'What happens to the price of gold (and silver) when the heavy delivery month of June meets the record low Comex inventory?'
They will pay out in cash just as the ABN AMBRO are doing - gold hasnt gone up since the ABN bank made this announcement
Silver: A Bulls' Game Of Patience [View article]
Some of them do pay dividends, but they can be negated by a huge drop in the share value
Silver: A Bulls' Game Of Patience [View article]
What be the catalyst for such a move?
A Dead Cat Bounce For Gold Prices [View article]
Im just not smart enough to know where the bottom is and it worries me that a number of my peers have already called it as being 'in'
Im reluctant to increase my exposure to mining companies at the moment until Im convinced that we have been through a 'total' capitulation. This is a capitulation of sorts but there could be more downside before we see any upside movement.
Yes indeed the price forecasts range from the $750 that you mention to many thousands, someone has got it really wrong... I can only reiterate that my very humble opinion is that we are in a down phase of this bull market. So in the short term its heading south and in the long term the bull market will resume, but that's just my view on the state of things at the moment.
Sorry I can't be more precise but I do expect the picture to clear and by Labor Day we should know one way or the other.
Take care and go gently and don't let me put you off,
Bob K
A Dead Cat Bounce For Gold Prices [View article]
A Dead Cat Bounce For Gold Prices [View article]
This bull is still of the opinion that there is more downside to come and is reluctant to go long at the moment, although I am doing my best to id the bottom just like everyone else. However, bottoms are usually only recognizable when we have passed them, but if you have any thoughts on spotting this turning point please fire them in. Im sure the readers would appreciate your efforts just as much as I do. You never know we might be on to it first and make a killing!
A Dead Cat Bounce For Gold Prices [View article]
A Dead Cat Bounce For Gold Prices [View article]
A Dead Cat Bounce For Gold Prices [View article]
Gold Prices To Re-Test $1,350 [View article]