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Gold Price - Where is it heading?

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I can't imagine there would be to many 'losing money'. Most on bullion buyers here have been buying for years from what I've seen.

Looks like we could be in for a rough ride again today. Goldman might hit there target by end of the month? they're likely trying to flush everyone out and buy up cheap for themselves.
 
Trembling Hand said:
well the Aussie is doing just fine.... again... Cannot say that about AUD gold though.... gee that must hurt hey? After all this time.....
Click to expand...

Only down a cent so far on China GDP big-miss? I thought the world was recovering?

The game is just starting......
 
err, only 15 more days to avoid Reality Phase .......




http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/11_The_Stunning_Roadmap_to_$500_Silver_&_$8,000_Gold.html?utm_medium=twitter&utm_source=twitterfeed
 
my suggested addition to that post:

speculation golds a buy, golds def a buy, everyone gets long, some doubt, some selling, a lot of doubt and a lot of selling, everyone gets short.....

for those of us trading the price and not the opine, well .......done
 
Trembling Hand said:
Yes but you don't have to cough up physical. You just roll to the next month or close for cash. Only a tiny amount gets swapped.
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Yes I know, but what if the :fan and the other side had just expected the contract to be rolled but then demanded delivery, and, they don't have it to deliver?
 
Uncle Festivus said:
Yes I know, but what if the :fan and the other side had just expected the contract to be rolled but then demanded delivery, and, they don't have it to deliver?
Click to expand...

well then ............. :flush:

I do think the more likely case is the Futs price would just go up till there is a market to cover any call for delivery. But we are in interesting times so maybe we will see ...... one day.
 
Trembling Hand said:
well then ............. :flush:

I do think the more likely case is the Futs price would just go up till there is a market to cover any call for delivery. But we are in interesting times so maybe we will see ...... one day.
Click to expand...

In a proper functioning market, yes. For now we just have to wait for Lava Girl & the Squid to decide what comes next
 
young-gun said:
Interesting article(for the conspiracy theorist?):

http://goldtrends.net/FreeDailyBlog?mode=PostView&bmi=1267250
Click to expand...


When Gold rally we told you so, I am a bloody genius I can predict the future, fiat money worthless etc...etc..when it crash hmm must be something else at play...people manipulating the market or conspiracy ...

So gold caller never wrong because on the way up they are right, on the way down it's something else at play
 
I've got a nice little video of GC 06-13 (little @ 4gb) that shows that its mostly lots of stops getting hit.

I need to find the time to resize it and then i'll post it for all to see.

CanOz
 
US$1,374.99 per ounce. Down another 8.5%. Thats a fair few stop losses being hit, no doubt the sells that are triggered also trigger more stip losses as they are in turn sold out.

Looks like xmas 2014 came early to Goldman Sachs. I wonder if they are closing out any of their shorts yet?
 
The gold bugs are missing the story here.

Despite the calls of fiat currency death, printing presses etc. we aren't inflating. We aren't even close.

It's becoming more and more apparent that if we can't get any inflation with the presses running in overdrive, that there is something else at play. And I don't think it's bullish for gold.
 
US$1,362.90 per ounce. Given the time lapse since my earlier post this morning, maybe the price is starting to level off? Does anyone expect a bounce, dead cat or otherwise?

Edit: Now down to US$1,356.90, maybe it hasn't levelled off yet afterall.
 
Now down to US$1,347.50 per ounce, maybe we should sing Credence Clearwater Revival "Who'll stop the rain" and substitute "price" for "rain".

Just goes to show what you can do with deep pockets, a bit of media coverage and a big client base willing to follow your lead. They must be making billions as we speak.
 
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