Menu
Sister Sites

  • Gold Traders More Bullish as Holdings Reach Record

    From bloomberg.com

    Gold traders are the most bullish in three weeks as investors’ bullion holdings expanded to a record after central banks pledged to do more to spur economic growth. Twenty of 32 analysts surveyed by Bloomberg expect prices to rise next week, nine were bearish and three were neutral. Investors are holding the most metal ever through gold-backed exchange-traded products after buying 85.4 metric tons last month, the most since July 2011. Hedge funds’ bets on a rally are the biggest in seven months, U.S. Commodity Futures Trading Commission data show. The European Central Bank held interest rates at a record low ... (full story)

Bullish or BullShit?ha
Time to sell I think.
  •  Guest
  • | IP XX.XX.52.254
Quoting Mike Haran
Time to sell I think.
Absolutely
sell
...seems people are now greedy on Gold. I wish i was buffet (to be fearful right now)
Gold is the only safe heaven now , no one can print gold so far LOL
Quoting leiamra
Gold is the only safe heaven now , no one can print gold so far LOL
Has the mystery of the Holy Grail been solved? Trading is so easy for everyone Just buy and keep till 2000,3000,10000 even 20000 Gold is safe heaven till violent drop
if there are buyers there are sellers too..it cant go up forever..
Quoting 50d
...seems people are now greedy on Gold. I wish i was buffet (to be fearful right now)
Early to bed, early to rise, keeps you healthy, wealthy and wise.
you guys basically saying no 19xx in sight for xauusd?
from my point of view..if we break 1772 then we might go to 1710..If not its 1800-i dont belive in 19xx area
Quoting Nacho
you guys basically saying no 19xx in sight for xauusd?
Early to bed, early to rise, keeps you healthy, wealthy and wise.
If everyone is buying or has bought, then who is left to buy?

The last person that bought is now looking at his position and when it drops his position goes negative. Will he hold? If he sells the cascade effect multiplys and like a wave breaking on a beach, the first curl although tiny eventually brings down the massive wave.
Major drop in Gold will come only when CERN's modern alchemists find a way to "print" more of it.
Make me a prophet and I'll make you rich. - Me
I think a drop to 1755 is probable - definitely the rsi is pointing to a drop - but if you draw a line from lows of 15 Aug to 5 Oct you can see that the trend is intact. Either trade is a bit of a gamble - better to stay on the sidelines for now.
Quoting eqshack
from my point of view..if we break 1772 then we might go to 1710..If not its 1800-i dont belive in 19xx area
Similar but not the same figures.
I think if it can break 1772, it might go at most 1730-1740, though I doubt it. I still think that the market mentality is still bullish, so if there is any drop, it won't be too deep, at least for these days.
I also agree with you that I believe there is big possibility of 18xx will be achieved but not 19xx. But, as we can see lately, there are many surprises in this "insane" market lately. We'll see...
Quoting Walz
Has the mystery of the Holy Grail been solved? Trading is so easy for everyone Just buy and keep till 2000,3000,10000 even 20000 Gold is safe heaven till violent drop
If anyone who has unlimited capital and is willing to wait 10, 20, 30 years or more, the answer is YES. Trading gold is that simple.
But if he is only just a ordinary trader likes me (which I believe 99.9999999999 % of traders are) then the Holy Grail is still in imagination. I believe in "violent drop" of gold. It had happened in the past, and it surely will happen again in the future. But not in this short term as I guess.
Quoting 50d
...seems people are now greedy on Gold. I wish i was buffet (to be fearful right now)
People always greedy to any pairs when it is in the move of its major trend, whether greedy to buy in uptrend, or greedy to sell in downtrend. I only see people are "greedy" buying gold because they feel it is bullish trend for gold. When they feel that it's beginning to be bearish, they will be greedy for selling...
+ short swap is positive..lol right place to short if u got hellas money
Quoting Gold-god
People always greedy to any pairs when it is in the move of its major trend, whether greedy to buy in uptrend, or greedy to sell in downtrend. I only see people are "greedy" buying gold because they feel it is bullish trend for gold. When they feel that it's beginning to be bearish, they will be greedy for selling...
Early to bed, early to rise, keeps you healthy, wealthy and wise.
Past history has taught me that gold will peak and trough according to cycles. Indeed we could still move higher as more and more speculators are pulled into the vortex of greed, I am expecting the top to be sometime later in this month of October and that price might indeed go up as far as 1900 but probability would suggest that in all the bull markets in gold once a final top is in place the chances of the price exceeding the top made at 1920 80 is highly unlikely, however it could come very close. Look for the media and press to talk about gold reaching 2000 dollars and beyond and everyone to be so gold bullish, no one will expect anything but more upside.

Mike Haran

As Rothschild said sell when you hear trumpets and buy when you see blood on the streets.
i see 23xx to end this phase
Quoting sidhujag
i see 23xx to end this phase
...bring it on.
  • New Comment
  •  Guest
  • | IP X.XXX.70.233
Join FF
  • Story Stats
  • Posted: Oct 6, 2012 10:32am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 20  /  Views: 4,339