Gold 2011/12

Atilla said:
I still have a short bias until 1450s target (which I see as the major retrace from the 1900s) is hit but I'm not too sure about the train wreck part.

The Euro crises is not over and will only be resolved by printing presses.

US yet to make any dent on the twin defecits.

Neither EU or US has ability to pay back collosal debts in the new challenging market place with far greater competition than before. Inflation is the only real cure in the absence of tax rises.

Looming Asian bubble up ahead.

Throw in some regional tiffs and ongoing Iran Iraq saga - and there is a recipee for some ripe old inflation and uncertainty for gold to maintain

Gold - I doubt will ever drop to the $250 or even $500 levels again. I reckon $1000-1200 likely to be final line in the sand if 1450 doesn't see a good bounce back up to 1640s.

Not too sure but I suspect as the L-type recovery and stability slowly kicks in this is what we'll see for 2012. Continued downward move.
Click to expand...

dont get me wrong I believe Gold will make new highs again for some of the reasons you mention however at present I think we are in for a deep pullback, I certainly wouldn't be surprised if we saw $1200 or even $1000, in the long run I am sure we will see $2000+ as paper currencies get squished.
 
Atilla said:
The Euro crises is not over and will only be resolved by printing presses.
Click to expand...

ONLY by the printer?

some metal facts, since this is the metal forum

Gold reserve - Wikipedia, the free encyclopedia

rank - country - tonnes

1 USA 8,133.5
17 United Kingdom 310.3

13 Portugal 421.6
3 Italy 2,451.8
30 Greece 111.7
19 Spain 281.6

now convert to tonnes of gold per Million citizens and you get

US 27.11
UK 5.17

Portugal 42.16
Italy 40.86
Greece 10.15
Spain 6.12

So combined the anglo-axis holds 32.28 per M and combined the pigs hold 99.29 per M and that's just the pigs not including, germany, france, and so on, the figure would be at least several hundred if those included.

europe is gold-rich. the anglo-axis is gold poor, by comparison.

now here is china

5 China 1,054.1
china tonnes per million = 0.81

china is gold poor, but has a lot of reserves, and wants gold.
europe has a lot of gold and needs bailing out..........
:!:
 
'china is gold poor, but has a lot of reserves, and wants gold.
europe has a lot of gold and needs bailing out.......... '

So what does this mean for the short and long term price of Gold?
 
dan1986ccfc said:
'china is gold poor, but has a lot of reserves, and wants gold.
europe has a lot of gold and needs bailing out.......... '

So what does this mean for the short and long term price of Gold?
Click to expand...

It's a riddle :cheesy:

European countries sells gold to China to pay off debt?

Price of gold drops ;)
 
squall321 said:
ONLY by the printer?

some metal facts, since this is the metal forum

Gold reserve - Wikipedia, the free encyclopedia

rank - country - tonnes

1 USA 8,133.5
17 United Kingdom 310.3

13 Portugal 421.6
3 Italy 2,451.8
30 Greece 111.7
19 Spain 281.6

now convert to tonnes of gold per Million citizens and you get

US 27.11
UK 5.17

Portugal 42.16
Italy 40.86
Greece 10.15
Spain 6.12

So combined the anglo-axis holds 32.28 per M and combined the pigs hold 99.29 per M and that's just the pigs not including, germany, france, and so on, the figure would be at least several hundred if those included.

europe is gold-rich. the anglo-axis is gold poor, by comparison.

now here is china

5 China 1,054.1
china tonnes per million = 0.81

china is gold poor, but has a lot of reserves, and wants gold.
europe has a lot of gold and needs bailing out..........
:!:
Click to expand...

Interesting view, I have never thought of it that way.
 
Gold prices are trading in a narrow range, however profit booking is expected around 27569 . Oscillators are suggesting flat to up move ahead.

Silver prices have ended the day by giving up all the gains in the morning session. Prices are expected to test 55100 - 54700, which should act as a support for buying with a stop loss of
53000.Oscillators are heading up.
 
I think gold is getting ready to blow off.

1650s will be tested soon along with 1600.

Entry @ 1744, SL @ 1764

1st Target @ 1700
2nd Target @ 1650
3rd Target @ 1615


Strap your selves in guys it may be a hairy ride ;)
 
Atilla said:
I think gold is getting ready to blow off.

1650s will be tested soon along with 1600.

Entry @ 1744, SL @ 1764

1st Target @ 1700
2nd Target @ 1650
3rd Target @ 1615


Strap your selves in guys it may be a hairy ride ;)
Click to expand...

Another Bernanke effect in the Gold market today. Personally I never trade against him so was long Silver.

Good luck, I want a pullback so I can buy more of the yellow stuff. Barely taken a breath in more than $200. A little silly.
 
YouAreNotFree said:
Another Bernanke effect in the Gold market today. Personally I never trade against him so was long Silver.

Good luck, I want a pullback so I can buy more of the yellow stuff. Barely taken a breath in more than $200. A little silly.
Click to expand...

Still not convinced on gold re-run but this call looks like it may well go to the dark side. Gold will continue to blow off imo.
 
Gold old Bernanke again.

gold.JPG

If you guys don't trade him, you should. I do every time and it's my highest win rate strategy.
 
Last edited:
Gold quiz using the chart below.....

After the December low, on which three days did Bernanke open his big trap?

:LOL:

Gold Quiz.JPG

Edit. I think he has talked four times but anyways, the three largest green bars are days when he has been active.
 
Last edited:
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