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Author Topic: GOLD to 200-400 (prediction)  (Read 3165 times)
guy_wonderful (OP)
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July 12, 2015, 08:54:30 PM
Last edit: January 09, 2016, 05:34:57 PM by guy_wonderful
 #1

Welcome to GOLD (XAUUSD) forecast topic Wink
I will follow and update this forecast in course of time.

Current price 1163 (when post was made)

Target 200-400


Forecast
Mid term: -----no-----

Long term: Short at 1163, STOP 1345, Target 200-400

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July 12, 2015, 08:58:14 PM
 #2

Target 200-400

How so?  Roll Eyes
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July 12, 2015, 09:04:21 PM
 #3

Long-term:
Short at 1163, STOP 1345, Target 200-400


Too expensive,  Grin

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July 12, 2015, 09:15:35 PM
 #4

Fiat is losing value too so your 200-400 may never happen. Fiat value is relative and I'd rather say USD will lose value faster than gold, so even if gold becomes cheaper it still won't lose that much in terms of USD.

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guy_wonderful (OP)
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July 20, 2015, 12:06:05 PM
 #5

New lows from march 2010

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July 20, 2015, 12:10:45 PM
 #6

Long-term:
Short at 1163, STOP 1345, Target 200-400


Too expensive,  Grin

Holy cow , how in the hell do you come up with these target prices?!?!! out of your ... ? with china and india and America consuming & reserving gold more than ever, the price is only falling due to a stronger dollar and more positive returns from interest rates which gold is hedged against...


aditionally: I have realized in the sea and pool of the uneducated ... speculation from them are spawned from delusional analysis
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July 20, 2015, 12:14:08 PM
 #7

Long-term:
Short at 1163, STOP 1345, Target 200-400


Too expensive,  Grin

Holy cow , how in the hell do you come up with these target prices?!?!! out of your ... ? with china and india and America consuming & reserving gold more than ever, the price is only falling due to a stronger dollar and more positive returns from interest rates which gold is hedged against...


aditionally: I have realized in the sea and pool of the uneducated ... speculation from them are spawned from delusional analysis

Nice targets huh? ; ) We are shorting gold actually from 2008.
Target always was the same.

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July 20, 2015, 12:19:57 PM
 #8

LMFAO ... from 2008 ??!?!?!

With that kind of statement I feel like you are completely brainless...

q'3 of 2011 was when price flow fell for gold....

addition: If you shorted in 2008 .. I'ld hope you have the minimum target price of 800 dollars or you are in deep leveraged sh-t hole ...
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July 20, 2015, 12:21:17 PM
 #9

Long-term:
Short at 1163, STOP 1345, Target 200-400


Too expensive,  Grin

Holy cow , how in the hell do you come up with these target prices?!?!! out of your ... ? with china and india and America consuming & reserving gold more than ever, the price is only falling due to a stronger dollar and more positive returns from interest rates which gold is hedged against...


aditionally: I have realized in the sea and pool of the uneducated ... speculation from them are spawned from delusional analysis

agree with OP longterm (10 years+). still i can see a midterm rally during 2016/2017 (armstrong)

compared to bitcoin. gold is shit. shit still has some energy value. so has gold. if you think the market is going to value a thing forever as a SOV, because it has 5000 years+ "traditional value" - i think you are the delusional one. markets might change faster than you think. especially, if trust can not be restored as to be seen in fiat AND gold. everyone i talk about (not older than 40) would rather take bitcoin in his portfolio, than gold.

markets are about future expectations.

Always wrong until not.
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July 20, 2015, 12:24:30 PM
 #10

LMFAO ... from 2008 ??!?!?!

With that kind of statement I feel like you are completely brainless...

q'3 of 2011 was when price flow fell for gold....

addition: If you shorted in 2008 .. I'ld hope you have the minimum target price of 800 dollars or you are in deep leveraged sh-t hole ...

Target was always under 500. theoretical stops about 3000
My folks shorted first time at price about 900 , then next short goes after price increases at 1100 1200 1300 1400 etc. the last short order are at about 1850

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July 20, 2015, 12:26:27 PM
 #11

Long-term:
Short at 1163, STOP 1345, Target 200-400


Too expensive,  Grin

Holy cow , how in the hell do you come up with these target prices?!?!! out of your ... ? with china and india and America consuming & reserving gold more than ever, the price is only falling due to a stronger dollar and more positive returns from interest rates which gold is hedged against...


aditionally: I have realized in the sea and pool of the uneducated ... speculation from them are spawned from delusional analysis

compared to bitcoin. gold is shit. shit still has some energy value. so has gold. if you think the market is going to value a thing forever as as SOV, because it has 5000 years+ "traditional value" - i think you are the delusional one. markets might change faster than you think. especially, if trust is broken as to be seen in fiat AND gold. everyone i talk about (not older than 40) would rather take bitcoin in his portfolio, than gold.

markets are about future expectations.

AHAHAHAHAHHAHA Coming from a hyper-bull, 8up you are sincerely a joke!

Oh man you are a joke, after reviewing your previous post thinking bitcoin will hit 2000+ each OH MY GOD! ...

Side note: gold has many positive aspects to it that bitcoin has NOTHING against it ... gold has chemical , physical , and exceptionally rare properties that makes it valued as such...

please keep dreaming and I hope you keep getting hit by waves of market makers =] ... I'll be there to watch you struggle to keep a float ...

more hillarious quotes from this hyper bull 8up

Less than 24 hours until Bitcoin starts to rise again. Target 500-700.

Based on?

Speculation. https://en.wiktionary.org/wiki/speculation

1. The process of thinking or meditating on a subject.
https://vimeo.com/132790897
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July 20, 2015, 12:31:35 PM
 #12

Long-term:
Short at 1163, STOP 1345, Target 200-400


Too expensive,  Grin

Holy cow , how in the hell do you come up with these target prices?!?!! out of your ... ? with china and india and America consuming & reserving gold more than ever, the price is only falling due to a stronger dollar and more positive returns from interest rates which gold is hedged against...


aditionally: I have realized in the sea and pool of the uneducated ... speculation from them are spawned from delusional analysis

compared to bitcoin. gold is shit. shit still has some energy value. so has gold. if you think the market is going to value a thing forever as as SOV, because it has 5000 years+ "traditional value" - i think you are the delusional one. markets might change faster than you think. especially, if trust is broken as to be seen in fiat AND gold. everyone i talk about (not older than 40) would rather take bitcoin in his portfolio, than gold.

markets are about future expectations.

AHAHAHAHAHHAHA Coming from a hyper-bull, 8up you are sincerely a joke!

Oh man you are a joke, after reviewing your previous post thinking bitcoin will hit 2000+ each OH MY GOD! ...

Side note: gold has many positive aspects to it that bitcoin has NOTHING against it ... gold has chemical , physical , and exceptionally rare properties that makes it valued as such...

please keep dreaming and I hope you keep getting hit by waves of market makers =] ... I'll be there to watch you struggle to keep a float ...

when you have read my posts. you could have seen, that i am short-term bullish, mid-term bearish and long-term bullish on bitcoin. on gold i am short-term bearish mid-term bullish and long-term bearish. a friendly reminder: never put all eggs in one basket. this holds for gold as well as for bitcoin. past performance.. you know

yes. gold has qualities. so have other precious metals (that do not work as SOV)!

Always wrong until not.
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July 20, 2015, 12:46:31 PM
 #13

Long-term:
Short at 1163, STOP 1345, Target 200-400


Too expensive,  Grin

Holy cow , how in the hell do you come up with these target prices?!?!! out of your ... ? with china and india and America consuming & reserving gold more than ever, the price is only falling due to a stronger dollar and more positive returns from interest rates which gold is hedged against...


aditionally: I have realized in the sea and pool of the uneducated ... speculation from them are spawned from delusional analysis

compared to bitcoin. gold is shit. shit still has some energy value. so has gold. if you think the market is going to value a thing forever as as SOV, because it has 5000 years+ "traditional value" - i think you are the delusional one. markets might change faster than you think. especially, if trust is broken as to be seen in fiat AND gold. everyone i talk about (not older than 40) would rather take bitcoin in his portfolio, than gold.

markets are about future expectations.

AHAHAHAHAHHAHA Coming from a hyper-bull, 8up you are sincerely a joke!

Oh man you are a joke, after reviewing your previous post thinking bitcoin will hit 2000+ each OH MY GOD! ...

Side note: gold has many positive aspects to it that bitcoin has NOTHING against it ... gold has chemical , physical , and exceptionally rare properties that makes it valued as such...

please keep dreaming and I hope you keep getting hit by waves of market makers =] ... I'll be there to watch you struggle to keep a float ...

more hillarious quotes from this hyper bull 8up

Less than 24 hours until Bitcoin starts to rise again. Target 500-700.

Based on?

Speculation. https://en.wiktionary.org/wiki/speculation

1. The process of thinking or meditating on a subject.
https://vimeo.com/132790897

when you have read my posts. you could have seen, that i am short-term bullish, mid-term bearish and long-term bullish on bitcoin. on gold i am short-term bearish mid-term bullish and long-term bearish. a friendly reminder: never put all eggs in one basket. this holds for gold as well as for bitcoin. past performance.. you know

yes. gold has qualities. so have other precious metals (that do not work as SOV)!

There are many precious metals that /store value/.. like platinum , rhodium , palladium , silver ... etc etc  

addition: You seem to be unknowledged in economics and commodities which is a very fatal flaw in the bitcoin community.

and to make it worse there are many hyper bulls , which is reminiscent of the dutch tulips and beanie babies and south sea company craze..
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July 20, 2015, 12:50:35 PM
 #14

Long-term:
Short at 1163, STOP 1345, Target 200-400


Too expensive,  Grin

Holy cow , how in the hell do you come up with these target prices?!?!! out of your ... ? with china and india and America consuming & reserving gold more than ever, the price is only falling due to a stronger dollar and more positive returns from interest rates which gold is hedged against...


aditionally: I have realized in the sea and pool of the uneducated ... speculation from them are spawned from delusional analysis

compared to bitcoin. gold is shit. shit still has some energy value. so has gold. if you think the market is going to value a thing forever as as SOV, because it has 5000 years+ "traditional value" - i think you are the delusional one. markets might change faster than you think. especially, if trust is broken as to be seen in fiat AND gold. everyone i talk about (not older than 40) would rather take bitcoin in his portfolio, than gold.

markets are about future expectations.

AHAHAHAHAHHAHA Coming from a hyper-bull, 8up you are sincerely a joke!

Oh man you are a joke, after reviewing your previous post thinking bitcoin will hit 2000+ each OH MY GOD! ...

Side note: gold has many positive aspects to it that bitcoin has NOTHING against it ... gold has chemical , physical , and exceptionally rare properties that makes it valued as such...

please keep dreaming and I hope you keep getting hit by waves of market makers =] ... I'll be there to watch you struggle to keep a float ...

more hillarious quotes from this hyper bull 8up

Less than 24 hours until Bitcoin starts to rise again. Target 500-700.

Based on?

Speculation. https://en.wiktionary.org/wiki/speculation

1. The process of thinking or meditating on a subject.
https://vimeo.com/132790897

when you have read my posts. you could have seen, that i am short-term bullish, mid-term bearish and long-term bullish on bitcoin. on gold i am short-term bearish mid-term bullish and long-term bearish. a friendly reminder: never put all eggs in one basket. this holds for gold as well as for bitcoin. past performance.. you know

yes. gold has qualities. so have other precious metals (that do not work as SOV)!

There are many precious metals that /store value/.. like platinum , rhodium , palladium , silver ... etc etc  

addition: You seem to be unknowledged in economics and commodities which is a very fatal flaw in the bitcoin community.

and to make it worse there are many hyper bulls , which is reminiscent of the dutch tulips and beanie baby and south sea company craze..

why is this a flaw? it is the reason we have you in this otherwise (not joking) unilateral community.  Wink

Always wrong until not.
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July 20, 2015, 12:59:27 PM
 #15

Long-term:
Short at 1163, STOP 1345, Target 200-400


Too expensive,  Grin

Holy cow , how in the hell do you come up with these target prices?!?!! out of your ... ? with china and india and America consuming & reserving gold more than ever, the price is only falling due to a stronger dollar and more positive returns from interest rates which gold is hedged against...


aditionally: I have realized in the sea and pool of the uneducated ... speculation from them are spawned from delusional analysis

compared to bitcoin. gold is shit. shit still has some energy value. so has gold. if you think the market is going to value a thing forever as as SOV, because it has 5000 years+ "traditional value" - i think you are the delusional one. markets might change faster than you think. especially, if trust is broken as to be seen in fiat AND gold. everyone i talk about (not older than 40) would rather take bitcoin in his portfolio, than gold.

markets are about future expectations.

AHAHAHAHAHHAHA Coming from a hyper-bull, 8up you are sincerely a joke!

Oh man you are a joke, after reviewing your previous post thinking bitcoin will hit 2000+ each OH MY GOD! ...

Side note: gold has many positive aspects to it that bitcoin has NOTHING against it ... gold has chemical , physical , and exceptionally rare properties that makes it valued as such...

please keep dreaming and I hope you keep getting hit by waves of market makers =] ... I'll be there to watch you struggle to keep a float ...

more hillarious quotes from this hyper bull 8up

Less than 24 hours until Bitcoin starts to rise again. Target 500-700.

Based on?

Speculation. https://en.wiktionary.org/wiki/speculation

1. The process of thinking or meditating on a subject.
https://vimeo.com/132790897

when you have read my posts. you could have seen, that i am short-term bullish, mid-term bearish and long-term bullish on bitcoin. on gold i am short-term bearish mid-term bullish and long-term bearish. a friendly reminder: never put all eggs in one basket. this holds for gold as well as for bitcoin. past performance.. you know

yes. gold has qualities. so have other precious metals (that do not work as SOV)!

There are many precious metals that /store value/.. like platinum , rhodium , palladium , silver ... etc etc  

addition: You seem to be unknowledged in economics and commodities which is a very fatal flaw in the bitcoin community.

and to make it worse there are many hyper bulls , which is reminiscent of the dutch tulips and beanie baby and south sea company craze..

why is this a flaw? it is the reason we have you in this otherwise (not joking) unilateral community.  Wink

While that is true, I have an advantage (in terms of socio+economical standpoint)... and being a "unilateral community" where the belief is to praise and support bitcoin ,

there has to be a realistic approach or else it becomes a cult mentality and the fools to greater fools theory takes hold. And then you hear stories of people being scammed ...

Addition: It is relatively due to the general age(gen x and y)  stand point of bitcoin adopters that fuels this aspect as well. its relatively young and oblivious youth that gets sunk into it.

I.e. Cypherdoc (hashfast scam of 40million USD) ... etc etc
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July 20, 2015, 01:02:58 PM
 #16

200-400 for what?

gram, mol, oz?

Or are you talking about some altcoin?
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July 20, 2015, 01:07:42 PM
 #17

200-400 for what?

gram, mol, oz?

Or are you talking about some altcoin?

If we are talking about standard oz then :
28.35 grams of gold / oz
.144 moles/liter ....

If we are talking about Troy oz then :
31.1 grams of gold / Toz
.158 moles/liter
...


Addition Hope that helped clear up your confusion about the topic!

added those calculations just for the hell of it =]

=]
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July 20, 2015, 01:21:38 PM
 #18

There is absolutely no way to logically determine this. You are simply guessing what might happen. Knowing this it seems to me a very grand guess.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
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July 20, 2015, 01:39:53 PM
Last edit: July 20, 2015, 08:04:01 PM by guy_wonderful
 #19

200-400 for what?

gram, mol, oz?

Or are you talking about some altcoin?
gold is measured in ounces
gold lost in price already -14% in a year range. and about -40% in a few years. with is just a beginning.
Today price is about 1100 Just think what will hapen when price 1100 breaks, and then 1000 breaks. THat's all logic. GOLD PRICE FALLING LIKE A METEOR. is that soo hard to see it

Long-term:
Short at 1163, STOP 1345, Target 200-400


Too expensive,  Grin

Holy cow , how in the hell do you come up with these target prices?!?!! out of your ... ? with china and india and America consuming & reserving gold more than ever, the price is only falling due to a stronger dollar and more positive returns from interest rates which gold is hedged against...


aditionally: I have realized in the sea and pool of the uneducated ... speculation from them are spawned from delusional analysis

Exactly, and in same moment biggest short players..
When gold falling what you think they do? They for sure, insure their gold. That what everyone would do. If I would have some 10 kg of gold bullions, to insure them I would not sell them, I would short gold. That would be some +-350 lots at exchange, I would have to use just about $5k for that, as a margin.

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July 20, 2015, 01:41:22 PM
 #20

Fiat is losing value too so your 200-400 may never happen. Fiat value is relative and I'd rather say USD will lose value faster than gold, so even if gold becomes cheaper it still won't lose that much in terms of USD.

good point. But USD loses now much more despite of anything else
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July 20, 2015, 01:56:34 PM
 #21

Long-term:
Short at 1163, STOP 1345, Target 200-400


Too expensive,  Grin

are you Gordon Brown trying to get back UK's gold for a profit?
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July 20, 2015, 02:01:04 PM
 #22

Btw,  Guy_Wonderful

I am unsure as to whether or not you are trolling lols =/ ...

your estimates and outrageous posts/ claims on Bitcoin and Gold prices seem to be made to incite a response and general euphoric affirmation to others in the "sea of the uneducated" ... I don't know if you are doing more harm than good lols...

but how ever you feel like carrying on your tyranny then I guess by all means ... do you.

Side note: what I mean by "general euphoric affirmation" ... is when the masses seem to need peer to peer consolidation on a price point when they are all blindly investing and have no understanding of direction so they spread speculative confirmation amongst each other to reinforce positive outlook when in reality its all based on oblivious judgements.
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July 20, 2015, 02:42:11 PM
Last edit: July 20, 2015, 09:58:43 PM by guy_wonderful
 #23

Btw,  Guy_Wonderful

I am unsure as to whether or not you are trolling lols =/ ...

your estimates and outrageous posts/ claims on Bitcoin and Gold prices seem to be made to incite a response and general euphoric affirmation to others in the "sea of the uneducated" ... I don't know if you are doing more harm than good lols...

but how ever you feel like carrying on your tyranny then I guess by all means ... do you.

Side note: what I mean by "general euphoric affirmation" ... is when the masses seem to need peer to peer consolidation on a price point when they are all blindly investing and have no understanding of direction so they spread speculative confirmation amongst each other to reinforce positive outlook when in reality its all based on oblivious judgements.
Noo, You got me! Shame on me.

Btw.
WHat you want to tell exactly? Im to dumb to understand.

Long-term:
Short at 1163, STOP 1345, Target 200-400


Too expensive,  Grin

are you Gordon Brown trying to get back UK's gold for a profit?
Maybe not. From now you can call me Gordon Brown if you want to. Let's start role-playing.

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July 20, 2015, 08:43:01 PM
 #24

Welcome to GOLD (XAUUSD) forecast topic Wink
I will follow and update this forecast in course of time.

Current price 1163

Target 200-400


Forecast
Mid term: -----no-----

Long term: Short at 1163, STOP 1345, Target 200-400

So essentially below the cost of production for all miners. Damn, you'd think after half of all miners went bust, that it might be a sufficient squeeze on supply, but no, every single one must die - the gods have spoken! Tongue

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July 21, 2015, 07:30:35 PM
 #25

Welcome to GOLD (XAUUSD) forecast topic Wink
I will follow and update this forecast in course of time.

Current price 1163

Target 200-400


Forecast
Mid term: -----no-----

Long term: Short at 1163, STOP 1345, Target 200-400

So essentially below the cost of production for all miners. Damn, you'd think after half of all miners went bust, that it might be a sufficient squeeze on supply, but no, every single one must die - the gods have spoken! Tongue



What I can't understand (and I'm not sure if anyone can) is that demand especially for physical is extremely high.  High enough for silver that the us mint sold out of eagles.

Does that strike anyone else as extremely odd?  Usually high demand, low supply leads to higher prices, not lower.  I think right now is a good buy opportunity for pm's
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July 21, 2015, 09:15:42 PM
Last edit: July 21, 2015, 09:35:50 PM by guy_wonderful
 #26

Welcome to GOLD (XAUUSD) forecast topic Wink
I will follow and update this forecast in course of time.

Current price 1163

Target 200-400


Forecast
Mid term: -----no-----

Long term: Short at 1163, STOP 1345, Target 200-400

So essentially below the cost of production for all miners. Damn, you'd think after half of all miners went bust, that it might be a sufficient squeeze on supply, but no, every single one must die - the gods have spoken! Tongue



What I can't understand (and I'm not sure if anyone can) is that demand especially for physical is extremely high.  High enough for silver that the us mint sold out of eagles.

Does that strike anyone else as extremely odd?  Usually high demand, low supply leads to higher prices, not lower.  I think right now is a good buy opportunity for pm's

nope. for the same  reason as https://bitcointalk.org/index.php?topic=1119907.msg11924367#msg11924367

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July 21, 2015, 10:44:07 PM
 #27

it quite looks like trolling, there is no way the gold price will go down that much. at this point the current price doesn't look that bad, it might go down a bit, but surely not that much.
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July 22, 2015, 08:55:36 AM
 #28

it quite looks like trolling, there is no way the gold price will go down that much. at this point the current price doesn't look that bad, it might go down a bit, but surely not that much.
it could go down now to 900, "a bit"

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July 22, 2015, 08:59:39 AM
 #29

it quite looks like trolling, there is no way the gold price will go down that much. at this point the current price doesn't look that bad, it might go down a bit, but surely not that much.
it could go down now to 900, "a bit"

i'm not expecting it to crash under 668, which was the first ath, based on data from the all tiem chart, it should fluctuate between 700 and 1k in the worst case

i hope it mean that people will be interested more in bitcoin, if they are selling gold for good...
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July 22, 2015, 09:04:14 AM
 #30

[EDIT: Pretty much] I agree: https://bitcointalk.org/index.php?topic=1064374.msg11940479#msg11940479

Too bored to post a chart but my prediction is based on PnF analysis.

It will take time though and we will have bounces. If you are short stoploss at 1350$. Buy 1450$.
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July 22, 2015, 09:11:55 AM
 #31

it quite looks like trolling, there is no way the gold price will go down that much. at this point the current price doesn't look that bad, it might go down a bit, but surely not that much.
it could go down now to 900, "a bit"

this is time for gold will crash, now economy is not in good so every investment risk will broke. i dont think gold will up again like before

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July 22, 2015, 09:33:24 AM
 #32

it quite looks like trolling, there is no way the gold price will go down that much. at this point the current price doesn't look that bad, it might go down a bit, but surely not that much.
it could go down now to 900, "a bit"

this is time for gold will crash, now economy is not in good so every investment risk will broke. i dont think gold will up again like before

it's all about supply and demand. what looks like a not so good investment right now, can turn into a very rewarding investment tomorrow.
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July 22, 2015, 10:41:48 AM
 #33

Welcome to GOLD (XAUUSD) forecast topic Wink
I will follow and update this forecast in course of time.

Current price 1163

Target 200-400


Forecast
Mid term: -----no-----

Long term: Short at 1163, STOP 1345, Target 200-400

Just compare the current media coverage regarding gold and the similarities to the coverage in 1987. The headline was the same, bur it was the bottom of the downtrend and gold multiplied its value 3 times in the following 12 years.

Armstrong released a good article about it just a few days ago.
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July 22, 2015, 12:46:33 PM
 #34

Welcome to GOLD (XAUUSD) forecast topic Wink
I will follow and update this forecast in course of time.

Current price 1163

Target 200-400


Forecast
Mid term: -----no-----

Long term: Short at 1163, STOP 1345, Target 200-400

Just compare the current media coverage regarding gold and the similarities to the coverage in 1987. The headline was the same, bur it was the bottom of the downtrend and gold multiplied its value 3 times in the following 12 years.

Armstrong released a good article about it just a few days ago.

Another thing to look at is these large banks dumping gold, and waiting to buy back in.

I believe it was JP Morgan who once (maybe more than once) sold something like 550,000lb of silver, on Dec 31, only to buy it back the next day for slightly less, and it helped their end of year accounting.

Anyway, its pretty evident that demand for physical is still high.  Thats how backward the world is right now, demand is through the roof, yet prices are dropping.  I wouldnt be surprised if whoever dumped the $1.5 billion of gold is planning on buying back soon.
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July 22, 2015, 12:54:48 PM
Last edit: July 23, 2015, 08:07:55 AM by guy_wonderful
 #35

Welcome to GOLD (XAUUSD) forecast topic Wink
I will follow and update this forecast in course of time.

Current price 1163

Target 200-400


Forecast
Mid term: -----no-----

Long term: Short at 1163, STOP 1345, Target 200-400

Just compare the current media coverage regarding gold and the similarities to the coverage in 1987. The headline was the same, bur it was the bottom of the downtrend and gold multiplied its value 3 times in the following 12 years.

Armstrong released a good article about it just a few days ago.

Another thing to look at is these large banks dumping gold, and waiting to buy back in.

I believe it was JP Morgan who once (maybe more than once) sold something like 550,000lb of silver, on Dec 31, only to buy it back the next day for slightly less, and it helped their end of year accounting.

Anyway, its pretty evident that demand for physical is still high.  Thats how backward the world is right now, demand is through the roof, yet prices are dropping.  I wouldnt be surprised if whoever dumped the $1.5 billion of gold is planning on buying back soon.

Aaa-ha. Buying later.., after ten decades for sure, maybe.. Will stay at price 200 forever.

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July 22, 2015, 08:55:28 PM
 #36

If it dips below 1000 I'm going to consider buying a bar to sit next to a nice sheet of bitcoin in a safe Wink

Bold prediction, I think it is too far..
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July 22, 2015, 09:52:12 PM
 #37

Heres a cheeky little gold prediction for you. Gold may (soon) rally to the top of this channel at roughly $10000 per ounce  Grin



Think about it, in a world on the verge of currency crises and collapse is gold going to idly sit by and drop to $400. Gold is money.

Bitcoin will do rather well too, potentially bigger gains (but there are more risks with bitcoin than gold)
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July 23, 2015, 02:47:08 PM
 #38

Heres a cheeky little gold prediction for you. Gold may (soon) rally to the top of this channel at roughly $10000 per ounce  Grin



Think about it, in a world on the verge of currency crises and collapse is gold going to idly sit by and drop to $400. Gold is money.

Bitcoin will do rather well too, potentially bigger gains (but there are more risks with bitcoin than gold)


If gold goes x10 - bitcoin goes x1000.

Always wrong until not.
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March 08, 2016, 08:07:30 PM
 #39

nice moment to massively short gold, price now 1263

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March 08, 2016, 09:18:01 PM
 #40

nice moment to massively short gold, price now 1263
So it went up $100? I thought you were arguing that it will go down because it is "to expensive"? Be careful man, shorting can be brutal.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
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May 01, 2016, 04:22:42 PM
 #41

nice moment to massively short gold, price now 1263

How's that going for you, bud?  Tongue
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May 28, 2016, 05:44:35 AM
Last edit: August 09, 2016, 02:16:48 PM by guy_wonderful
 #42

I thought it is self-evident. But uh, to every one who wondering.
It will take from 20 to 35 years to check if this forecast is right.. or not. Have patience, howewer stops was wrong. I took it "too short" by myself.

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