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Gold Correction Now More Likely than Not

know nothign, you are so right in that call!!


On Feb 25 09:21 AM know nothing wrote:

> Great article, but if a person is making a investment for the long
> term, this could be a good entry point, if this is a healthy bull
> market correction, 939.00 to 930.00, should be the risk on the down
> side, The $950.00 area would be a area where a person could start
> getting their feet wet. When gold breaks out above the $1006.00 to
> $1010.00 the buying could pick up and then the $1000.00 would be
> a strong support level. I agree with everything KELM said especially
> the analysts advising to take profits.

Gold Correction Now More Likely than Not

This is a seriuos call, every single forecast for Gold has been beaten to death since last year, what I think we should do now is follow our gut feeling and then establish an exit strategy and stick to it regardless of markets moves. Although I agree the price of Gold is in correction mode, the author ignores last year's move USD 991 - USD 961 - USD 1.030 so that only a sustained break below USD 946 would turn the scenario bearish medium-term. Know nothing is right, buy a call option at USD 1.010 or simply buy the break of USD 1.005 protecting your investment on a drop back to USD 991. Shorts at this point in time are for scalpers, Longs are a scream buy on any correction regardless of the level (USD 930/USD 850/USD780) the level for the correction is just impossible to forecast but a market reversal from the bottom can be identified on the
charts once the markte loses momentum on the downside.

No Gold Bubble

I would agree with mr. freddo regarding the dramatic swings in price. I like history and it took Gold 10 years to break out of the USD 250 - 500 range even with a double top formed from 1982 through 1988 to then reverse in the year 2000 and break consistenly to the upside in 2005, does USD 500 - USD 1030 - USD 680 - USD 1000 - ?????, which has been the swing since 2005, seems familiar to you? Well what I try to say is that whoever invest in Gold sets it's own time frame, whether the buy is fundamental, speculative or else. Long term ownership of Gold is the answer but again buying in one those massive dips (50%) as it happened if the year 2000. Oh sorry I just missed it at USD 680 in 2008!!!!

Countdown of Manipulated Gold Price Running Out

Have you realized that the undeniable relationship between USD and GOLD has not been broken? when you mentoned Gold at 1033 the USD was 1.60, don't fight it, play it, if you see Gold at 1.000 when USD gets to 1.20 then you can say Gold is a buy otherwise don't be biased by your feelings this a 2 way market, goes up and down, Fundamentals for Gold are increasingly bearish, lower demand, flight to safety has been reeveluated to more tangible, liquid, not subject to intervention assets, I said in another article "buy real state", that's the right profitable and patriotic thing to do. And yes buy Gold but at the lows 600 level, may be 530/60

Countdown of Manipulated Gold Price Running Out

Listen, the manipulation theory has never been supported properly by anyone, who ever gets hurt in the Gold market then brings up the manipulation thing, Gold is a speculative market you got the money then you move the market if you haven't got the money to move the market then follow it don't blame it because it didn't do what you wanted it to do. Somebody in this Blog called me rookie because I was so bearish in Gold and I bet I'm doing better that he did over the last couple of weeks, think outside the box.

Gold Is Set to Regain Its Shine

I wonder when the BUY call will stop for Gold, I've read articles recommending to buy Gold since it was at USD 900. All these analysts have to be grounded, are they really making money for the companies they work for, I doubt it, I'm not saying that Gold is not going to go up medium-term, in fact I'll be a buyer but please stop those buy calls every time that Gold makes a new low, consolidation will take some time and don't be surprise to see a sub USD 700 spike in the upcoming 2 weeks then you can asses the opportunity to buy, in the meantime don't be mislead into a dumb short-term investment which only benefit brokers by charging a fee to your losing investment. Patience has always been the name of the game.