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Author Topic: Whose wrong: Gold or Treasuries?  (Read 1793 times)
cypherdoc
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August 09, 2011, 04:50:51 AM
 #21

never buy parabolic blowoffs.  buy when there's blood in the streets.  now is not the time for gold.  when deflation really kicks in (and there's no sign of the PPT) you could wake up and gold could be down hundreds of dollars and headed back down to $500 w/o a chance to get out.  just look at the Dow.

edit:  for clues look at silver.  and the USD has not broken down out of the channel yet.
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cypherdoc
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August 09, 2011, 04:54:33 AM
 #22

did anybody just notice the bitcoin ramp?  what if USD's start rotating out of gold and into BTC?  we are on a Bitcoin forum after all.
The_JMiner
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August 09, 2011, 07:07:24 AM
 #23

never buy parabolic blowoffs.  buy when there's blood in the streets.  now is not the time for gold.  when deflation really kicks in (and there's no sign of the PPT) you could wake up and gold could be down hundreds of dollars and headed back down to $500 w/o a chance to get out.  just look at the Dow.

edit:  for clues look at silver.  and the USD has not broken down out of the channel yet.

When do you predict the end of gold?
Its at a new record of 1755 right now on the spot market

http://www.kitco.com/market/

johnyj
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August 09, 2011, 09:47:48 AM
 #24

It's a pity that I bought lots of silver and short some gold, although I'm overall long in PM, that do not bring me profit due to the sluggish trend in silver Cool

miscreanity
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August 09, 2011, 11:11:54 AM
 #25

never buy parabolic blowoffs.  buy when there's blood in the streets.  now is not the time for gold.  when deflation really kicks in (and there's no sign of the PPT) you could wake up and gold could be down hundreds of dollars and headed back down to $500 w/o a chance to get out.  just look at the Dow.

edit:  for clues look at silver.  and the USD has not broken down out of the channel yet.

It's raining red right now. There was no statement of buying gold at this point. I had recommended silver instead. The general premise is merely that being short gold is extremely dangerous at this point, while being long you can sit and wait for the price to rise. Also beware of a divergence between the paper and physical markets.

Gold and stocks are completely different animals.

Silver is tied to industrial uses that will drag it down on economic slowdown expectations and it can act as leverage to hold gold back, but not indefinitely. It still has a historical purpose as money alongside gold.

Gold has broken to multiple new highs, but the dollar is still range-bound. Why?

It's a pity that I bought lots of silver and short some gold, although I'm overall long in PM, that do not bring me profit due to the sluggish trend in silver Cool

Patience Smiley

A better trade would be long gold/silver and/or mining stocks and short the equity indices.

* Note that gold has formed a double top on the short term charts (1hr or shorter) after a push down from ~$1770 to ~$1730. The $1650-1680 range is the initial target followed by $1600 and $1550. Any spike down from here on out will be met with immense buying, so the drops will be very short-lived. Trade short at your own risk; I recommend buying physical metal.
The_JMiner
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August 09, 2011, 02:17:02 PM
 #26

Looks like the Feds are going to have a "lets print money meeting" and DOW is up , silver down, gold ticking up slowly. IMO Great buying time if silver hits 35$

cypherdoc
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August 09, 2011, 02:20:42 PM
 #27

my bet is gold/silver begin the long decent after FOMC.
The_JMiner
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August 09, 2011, 02:24:17 PM
 #28

my bet is gold/silver begin the long decent after FOMC.

I personally feel your underestimating the buying power of India and China. Both countries are making a big push to get their citizens to buy gold. In India you must have gold for the wedding and in China it is everywhere according to a penpal that they mention gold as investment (due to their high inflation).

cypherdoc
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August 09, 2011, 02:26:18 PM
 #29

my bet is gold/silver begin the long decent after FOMC.

I personally feel your underestimating the buying power of India and China. Both countries are making a big push to get their citizens to buy gold. In India you must have gold for the wedding and in China it is everywhere according to a penpal that they mention gold as investment (due to their high inflation).

i could be.  i used to rely more on fundamentals but now look at what the charts are doing to tell me whats really going on underneath the surface.  read my thread i just put up:

https://bitcointalk.org/index.php?topic=35493.0
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