Gold Price - Where is it heading?

[Joules MM1]

I know a guy that refined gold and silver professionally, he says that it would be VERY hard to tungsten fill a bar in such a fashion that it is not obvious to the experienced eye. Also, very often when you sell a bar back to a mint it is on a melt and assay basis, I can't see a CB taking any less a precaution and I can't see them being caught by what is essentially a retail level scam. China is melting the 400 oz good delivery bars it gets and recasting them into metric bars (kilo?).

The good thing about the tungsten filled story is that it always seems to turn up when gold is going to go for a run. LOL... the conspiracy is that they'd like to spook physical buyers more than anything IMO!

Oh yeah... and I have yet to see a 400 oz bar full of tungsten, only these small bars... show me a room full of those and then I will reconsider the CB story

+1

memory serves, the earlier tungsten-filled thriller has been debunked.....i'll dig out the story.....

[Joules MM1]

memory serves,

think i posted this already......

http://www.businessinsider.com/tungs...aign=moneygame

and this

http://blogs.reuters.com/felix-salmo...ake-gold-bars/
excerpt

Update: Thanks to smart comments from BronSuchecki and Tim Worstall. I forgot that gold is actually used, once in a while, to make things like jewels — which means that bars are melted down pretty frequently. If there was a significant number of salted bars out there, we’d know about it, since you’d notice when one of them got melted down. Which isn’t to say that there are no salted bars at all, but it certainly does seem to imply that there’s nowhere near 1.3 million of them.

[tygablu]

Hey folks Newb question here, is anyone expecting a decent shake off on gold any time soon or will we just see minor pull backs and continued upwards movement upto that 5G mark. 5G, for real???? consensus on when????

[Uncle Festivus]

Hey folks Newb question here, is anyone expecting a decent shake off on gold any time soon or will we just see minor pull backs and continued upwards movement upto that 5G mark. 5G, for real???? consensus on when????

5G @ 04:23 GMT 03 March 2013

[>Apocalypto<]

Hey folks Newb question here, is anyone expecting a decent shake off on gold any time soon or will we just see minor pull backs and continued upwards movement upto that 5G mark. 5G, for real???? consensus on when????

I am bullish on Gold as long as it can hold above 1750. I have taken a buy off the daily at 1777.10. still in a strong up trend with a pin bar off the 21 ema on the 26th /09 leading to a bullish engulfing. had two tests of 1777 top with the inside higher low the set up to the long i took this morning. a reverse below my stop at 1761 will be a plan changer for me. a close above 1777 is a positive sign imo for further upside.

[young-gun]

Hey folks Newb question here, is anyone expecting a decent shake off on gold any time soon or will we just see minor pull backs and continued upwards movement upto that 5G mark. 5G, for real???? consensus on when????

5G will be a stepping stone, you can't put a time on it, although i wish festivus all the best on his exact guess, I mean calculated estimate

[Joules MM1]

http://blog.yardeni.com/2012/10/qe-i...ocks-gold.html

excerpt

....Fed’s QE policies have succeeded in boosting inflationary expectations as measured by the spread between the 10-year Treasury yield and the comparable TIPS yield. Indeed, this spread is highly correlated with both the S&P 500 stock price index and the forward P/E of the S&P 500. The spread peaked at a high so far this year of 2.64% on September 14, matching the QE2 peak on April 8, 2011. It dipped back down a bit to 2.42% yesterday.

with piccies

[Joules MM1]

futures television.....oh my.....

gold or stocks? video

http://video.cnbc.com/gallery/?video=3000119693

[tygablu]

5G @ 04:23 GMT 03 March 2013

WOOOOOW that is outstanding dont suppose ya'd know when I'll win lotto, and will I get that girl of my dreams??? lmfao, like ya style Uncle. Shake off thoughts???

[Joules MM1]

Wednesday, October 3, 2012
As real rates hit another record low, speculative gold positions spike

http://soberlook.com/2012/10/as-real...other-low.html

Speculative+gold+positions.PNG

excerpt

That was 2.4 standard deviations above the one year average.

[CanOz]

Wednesday, October 3, 2012
As real rates hit another record low, speculative gold positions spike

http://soberlook.com/2012/10/as-real...other-low.html

Speculative+gold+positions.PNG

excerpt

Looks like everyone was watching CNBC Joules!

[>Apocalypto<]

Looks like everyone was watching CNBC Joules!

yup, it's hold-em time.

if gold can break the 1790&1805 short term highs, next target for me is 1889+

[CanOz]

yup, it's hold-em time.

if gold can break the 1790&1805 short term highs, next target for me is 1889+

Looking for a breakout setup on GLD...175.47

[>Apocalypto<]

Looking for a breakout setup on GLD...175.47

some solid selling at 1795.... closed my long.

[CanOz]

some solid selling at 1795.... closed my long.

Missed my chance to put my order in last night....pullback coming?

[>Apocalypto<]

Missed my chance to put my order in last night....pullback coming?

i may have jumped out a little early as it held up ok... still having issues at that area though. i am also on the waiting line for the next signal.

[Trademyshoes]

i may have jumped out a little early as it held up ok... still having issues at that area though. i am also on the waiting line for the next signal.

You must have the gift of foresight - you closed your long due to heavy selling at 1795... You closed right at the beginning of the up-trend being negated for the hourly and a down-trend being formed. Great job imo - great pick.

The daily trending up of Gold has not been negated as of yet, though is becoming quite stagnant, but confidence in the Us markets for the short term has led me to believe we will see a pullback, minor as it may be. In turn, for the short term, I don't see a 1800+ breakout.

I'd love to hear some opinions on this...

[jimy]

Hiii..

Check gold prices from the below link...

http://goldprice.org/

[>Apocalypto<]

You must have the gift of foresight - you closed your long due to heavy selling at 1795... You closed right at the beginning of the up-trend being negated for the hourly and a down-trend being formed. Great job imo - great pick.

I'd love to hear some opinions on this...

it was one of those gut feelings, as I watched struggle with a break out after two attempts. Also luck.

I agree daily uptrend still in tact, but now waiting on confirmation of a signal to renter long again.

[Uncle Festivus]

I'm not sure if a global recession will be favorable for gold, especially if (when) equities take a tumble with the start of the next leg of the (global) bear market. The DX might start to look good again so gold weakness ahead until the tipping point......