Hi Ann …. While I don't actually totally disagree with some of your assessment … I am surprised and bemused by the amount of aggressionHey guys,
I know it has been a long time since I have uploaded a chart but meh, gold is still farked. I look at the quarterly gold chart each quarter as I have done for years and years. I have been ostricised, criticised and dumped on by all the "ex-sperts" who reside here because I have been telling you the same thing since 2012, a shipload of years. Don't bother to tell me I am wrong. There are too many of my gold charts on this forum to say I am right. I don't have the time or interest to debate with you. Don't bother to argue with me, I am not interested. This is not arrogance it is just too many years of being right by proof of my charts.
This previous rant sounds crappy and rude but I am really old and have been studying charts and chart reading for decades, get over it! I am sick of those who are fakes with loud mouths. Added to that I probably wont re-visit this post so it is pointless to comment unless you just love the sound of your own voice. It is just what I see on the chart, get over it and shut the truck up because I don't care, I don't give a damn about your opinion also I have no ego.
Hi Joe Blow, I did tell you I would only post here if I had something to say. Quarterly gold chart just keeps repeating itself, so, so boring. I loath repeating myself! However you probably have some new gold bugs here who have become true believers. I like to burst bubbles. Hugs Joe Blow, I still love you and your #1 site!
Currently there is a very, very long term resistance line at US$1300 on the quarterly US gold chart. It has failed this line for twenty quarters probably 21 this coming September. I called this after the fail in March 2012. Look it up. Gold is not a viable investment as it pays no interest nor does it have reasonable capital gains. It is merely a bauble. I have quite a few thousand dollars worth of baubles because it is pretty, not because it is a real investment. Anything which gives you a dividend and capital appreciation is a viable investment. Sorry Zorro (M.J.) I was never sucked into your believe system even as pretty as you were/are when we had lunch way back when!
This chart was originally drawn back in March 2012 as a bearish rising megaphone. Over the years I have just extended the resistance lines, but not changed the original interpretation or patterns.
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Hi Joe Blow, I did tell you I would only post here if I had something to say. Quarterly gold chart just keeps repeating itself, so, so boring. I loath repeating myself! However you probably have some new gold bugs here who have become true believers. I like to burst bubbles. Hugs Joe Blow, I still love you and your #1 site!
Agree, One day it will be brought to spotlight and shine again...Debt is the business today but when it can no longer hold things I'll be happy with a bit of substance.
Friday September 21, 2018 09:17
(Kitco News) - Goldman Sachs looks for gold prices to be at $1,250 a troy ounce in three months and $1,325 a year from now, the investment bank said in a research report late Thursday.
The updated three-, six- and 12-month forecasts average around $100 lower compared to the bank’s previous outlook as the gold market has been in a sharp downtrend since mid-April, although sideways in recent weeks.
Goldman described the recent investment environment as similar to the late 1990s, when a boom in technology stocks meant no fear in so-called risk markets in developed nations, while there was a financial crisis in emerging-market countries. Softening emerging-market economic growth and the strong U.S. dollar simultaneously hurt household savings in EM nations, a key metric for gold demand.
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