Gold Overbought

worth the read despite being promotional materials. Lots of useful statistics. Undoubtedly gold will crash when fear dissipates. Maybe sooner.

But when will fear dissipate?

From the looks of it, we will have a good dose of fear until the end of this year. And then the US and much of Europe shift into election mode. So in addition to the very real fear of the people, we will have the hyped up fear from the politicians. And this will take until the end of 2012 to resolve itself.

This train is gonna keep on going. Free market economists believe should be valued waaaay over 5k. With the massive suppression of gold and silver's value, the inflation of the dollar, this article is clearly wrong.

Reminds me of all the MainstreamMedia predicting the summer of recovery, or every week trying to say things are getting better.

At least there will be a pullback before shooting upward. Only this will happen as a panic to some random black monday or wednesday; where you will wake up, like normal, and as the day's financial calamities start to take off like a domino orgy...you will realize that what we are experiencing right now is but a holiday compared to the coming loss of living standard facing this country.

believe my own analysis, gold will keep marching to 2500

gold yearly change still below sugar, rice, corn & silver. yeah, still below silver which crash from 50 to 33 (@may 2011) because crazy margin hike requirement. and now silver is also marching to 50 (currently 41~42).

i still accumulating gold long position
minor correction is chance to buy.
of course, i might be wrong

8fingers,

Haha haa....LOL , lead will for sure deliver gold if the lead is delivered in a haste.

I'm not an iPhone fan but damn good strategy tp apply for now. Cheers!

Lybia war is going to end ...

Your report really provides an in depth look at the current Gold situation.

I want to point out a couple of things that very well could and I believe will push Gold to the 2000 level before we see a Major correction.

1) News agencies, analyst and others in the know are all talking about Gold going to 2000 by the end of the year or sooner...this typically leads to the unsophisticated trader believing it will go to that level or higher so they continue to buy.

2) August is usually a slow month because most traders are on vacation so any and all current orders (I believe) are escalating the current price moves. ultimately, this could very well bring the price to the 2000 mark when traders pro and amateur alike begin to jump on board.

While it would be great if the Technical worked all the time the fear and greed factor I believe are currently the moving factors in the Gold market.

Conclusion:

As Traders we need to follow our Technical data and keep an hear to the fundamental's for the time being. Gold currently has the possibly to make millions out of regular traders...we must be ready for the fall that is about to come.

Best of Luck to All

I will keep buying gold on every pullback up to $2000 an ounce. When it gets to $2000-$2100 I will start to stay aside. I won't sell gold when it gets to the top. A correction of $400-$800 is a what I'm expecting.

It's the magic $2000 number gold is heading for. Also the asian countries are still buying gold as reserve and they haven't stopped yet. When speculators decide enough is enough we will see a correction.

you will see that your SL get taken out..

sell gold and buy lead

If you look at the VIX on a long term chart,the parabolic moves up are very short lived in relative terms.
There could very well be a major market swing to the upside so be careful in here.
My guess is the next two measures to come out are a temporary major reduction in payroll tax and major spending on infrastructure.
I believe the FED will also provide the necessary help and liquidity for Europe.
Get ready for expansion and by good quality blue chip stocks while they're cheap.
All the negative talk contrived by the media about Europe and America is all designed to scare the little guy so the banks can buy cheap stock for the coming expansion in the economy.

Simply a Gold price bubble. Everyone knows, but whether it is going to further inflate or pop is the question. Fundamentals are probably the best way in determining when to stop playing if you want to be safe. Technical would also help in determining in the short run, but technical is useless without a solid perspective and fundamental.

5 Reasons gold price will touch the sky

http://fxtutor.org/5-reasons-gold-price-will-touch-the-sky/

if i got some gold, then i will exchange few grams of them this month (good price to sell right now) to buy next month iphone5

buy gold and silver at this moment and enjoyed rally next week, in huge profit level at 1930-1980 and silver 44.20-46.80

I am short in Gold with 0.5lot at different levels 1860,1840,1830,1822.will see what we get.

why gold fluctuate unbeleivable last previous month