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  • Obama expected to propose freeze on middle-class tax rates

    From washingtonpost.com

    President Obama is expected to call on lawmakers Friday to pass legislation to immediately freeze tax rates for the middle class and will urge Congress to work together to resolve the year-end “fiscal cliff.” In a statement scheduled for 1 p.m. in the East Room of the White House, the president will ask Congress to work together to find ways to keep the economy growing and tame the nation’s debt. Obama is not planning to release a new plan as he gets back to the business of governing after a long and victorious reelection campaign. He is holding back, at least for several days, as lawmakers on Capitol Hill ... (full story)

Gold will ?
1700 !
1725 if breakes then 1712
wait & watch the game... it may unexpectidly unexpected ..
If breakes 1740 then target is 1755
i hope it only go to 1720 or 1712, so we can buy again from below....
Quoting anilamil
i hope it only go to 1720 or 1712, so we can buy again from below....
AGREE buy can be from 1722
today is friday i hope it will close above 1730
and silver ?
Gold may come to 1725/24 then rebound for 1740...
it looks too difficult that it will go to 1725 but let wait for closing of london
its a pivot for today and its still missing ... as of day before yesterday gold came down to 1702 just to touch its pivot and then reversed...
Although its already touched 26 today but may come for 25 ... let c wht happen..
ha Gold will be 1701
there is no selling pressure so i do not believe it can go to 1701 possibly 1712 is last destination
Agree to that content of no sellng pressure.. but when technical rides every pressure through out the window ijaz.. ..

Quoting Ijaz Anwar
there is no selling pressure so i do not believe it can go to 1701 possibly 1712 is last destination
Quoting sfurqan
Agree to that content of no sellng pressure.. but when technical rides every pressure through out the window ijaz.. ..
let us see but i am not willing gold can touch 1701
agreed.. I also not seeing Gold can now come to 1701 unless any v. big thing to come for US which is not expecting so far as tax freez can provide gold a reason to come at 1725..

Quoting Ijaz Anwar
let us see but i am not willing gold can touch 1701
gold should go 1754
how about dow?
Gold 1735 1744 1752
The Gold is trading slightly above tough resistance around $1735.00 an ounce, after advancing the whole week to hit 3-week high, where the trading range for today is expected among the key support at $1725.00 and key resistance now at $1752.00.
Investors now have altered their trading positions shifting to gold after the win of Obama as they resorted to the yellow metal at the expense of equities as their hopes to see a cut in corporate taxes pledged by Mitt Romney were dented.
Yup Dr. Sahib..but gold may close today 1735-1745 areas as i m seeing...

Quoting Dr.Zain
Gold 1735 1744 1752
The Gold is trading slightly above tough resistance around $1735.00 an ounce, after advancing the whole week to hit 3-week high, where the trading range for today is expected among the key support at $1725.00 and key resistance now at $1752.00.
Investors now have altered their trading positions shifting to gold after the win of Obama as they resorted to the yellow metal at the expense of equities as their hopes to see a cut in corporate taxes pledged by Mitt Romney were dented.
Buying gold above 1725.00 targeting 1735.00,1744.00 and 1752.00. Stop loss below 1713.00
As Obama givinn First speech after the election at 18:50 GMT
Guys all of you are fine from forex sonami just came before 15 mints, I save myself with minor lose. I think gold will stay 1725-1735, there are no chance to 1701 or 175
I mean 1705 or 1701
Gold retreats slightly towards 1732.00 and should find support around it. For the intraday bullish bias to remain dominant, 1725.00 should halt further declines?
The short term trend is to the upside targeting 1945.00 per ounce as far as areas of 1520.00 remain intact with a weekly closing?
Gold just playing around its 50 fibo and won't go lower than 38.2 fibo nor higher than 61.8 fibo this week. It still moves in the area I've predicted 12 hours ago ( see http://gold-god.blogspot.com ).
So, better have a rest. Happy weekend...
Traders keep in mind that Gold rally with the Euro and in Euro Zone.........
Yesterday, the euro remained weak after a narrow approval by the Greek Parliament to some austerity measures needed to unleash the next installment worth 31.5 billion euros to prevent the country from bankruptcy, before a critical vote on 2013 budget on Sunday???
Well come where you been hiding???happy to see you gg
Quoting gold-god
gold just playing around its 50 fibo and won't go lower than 38.2 fibo nor higher than 61.8 fibo this week. It still moves in the area i've predicted 12 hours ago ( see http://gold-god.blogspot.com ).
So, better have a rest. Happy weekend...
Whatever Prez Obama says today will not affect RISK currencies positively, stocks will get sold; those morons and vultures at the Wall Street will never be satisfied this week; they supported a loser, Mitt (prez candidate) and got their poker faces blooded with defeat. Prez Obama is not US Fed Chairman, Dr. BB to drop printed dollars on the Wall Street, so poor Prez Obama, he will do his best to encourage the investors but nay, those vultures are mourning for a defeat; worrying about super fiscal cliff is just an excuse to get out of over-valued stocks…I am in a SELLING mood….SELLING any currency I could lay my hands on against JPY and USD!
There is always a price for promises you don't keep!
Quoting Dr.Zain
Well come where you been hiding???happy to see you gg
Hi Dr. Zain,
I've always been around. Just having 2 weeks a lot of activities and works. Maybe until next week still busy doing jobs, meetings, and seminars
Tx 4 asking
You are most well come GG,
What you are expecting about Gold after Obama's Speech?
Always i love to read your post and the Gg blog spot.com
My opinion?
Logically, whatever Obama say in his speech, QE will not just stop in sudden. Honestly, I think it will not influence gold to go down lower than 1700. Probably the speech will not have too much effect.
I still believe gold will make more attempts to break 1800 before the year end. That's why I still hold my longs and added my margin to hold that.
But as we all know, market is dynamic. So who knows what happen next week.
its better to stay neutral in market after obama speech we can enter thats best way
Any one plz give the link for obama speech
http://www.whitehouse.gov/live
Any news i mean good news from Obama as there is no reaction in the Market yet?
Quoting Gold-god
Hi Dr. Zain,
I've always been around. Just having 2 weeks a lot of activities and works. Maybe until next week still busy doing jobs, meetings, and seminars
Tx 4 asking
Hello GG,
You told lastdays when gold at 1793 to long but gold down to 100$... Pls do seminars ... keep it up... LOL...
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Quoting upasna
and silver ?
Will hit 40 soon in this month
Quoting belief81
Hello GG,
You told lastdays when gold at 1793 to long but gold down to 100$... Pls do seminars ... keep it up... LOL...
Hello belief81,
That's why we say the market is dynamic. Everything can happen.
I'm still bullish on gold for long term but I also know correction happens. I also believe I wrote that gold can retrace to 1650 the worst. So, the downtrend in gold we just had, was still in my expecting range.
BTW, I've been doing seminars for last 12 years and still doing it (not trading seminar). Hopefully gold down $1.000 because I'm doing seminars.... LOL...
Have a nice weekend...
Quoting DragonFire
Whatever Prez Obama says today will not affect RISK currencies positively, stocks will get sold; those morons and vultures at the Wall Street will never be satisfied this week; they supported a loser, Mitt (prez candidate) and got their poker faces blooded with defeat. Prez Obama is not US Fed Chairman, Dr. BB to drop printed dollars on the Wall Street, so poor Prez Obama, he will do his best to encourage the investors but nay, those vultures are mourning for a defeat; worrying about super fiscal cliff is just an excuse to get out of over-valued...
Thank God, some common sense in here. It's risk off, tax cuts are gone next year also, so rich selling their stock holdings before taxes increase. I think GU in free fall until at least 1.58 and see 1.52xx area on the horizon.
Come with me if you want to live....
The run up to the election was one of the major factors propping up the market last month. The day after the election the GU has one of its biggest 1 day drops this quarter.
No coincidence. Doesn't matter who got in really, a fiscal cliff is a fiscal cliff and options are limited. Good luck to Obama in dealing with this financial fiasco while keeping the economy growing. Maybe the Democrats and Republicans will begin working together for the good of the nation, but then again...
Come with me if you want to live....
Rebublicans will accept new tax revenue as longs as it does not come from higher taxes..

Ha ha, that sounds kind of funny.

Ok, we won't increase taxes, we'll create new ones then? Or something else??, remove loop holes for the rich. Either way, it's a needed money shift from the citizens to the Govt to pay the debt.

Politics hasn't changed a bit, except to get a little more insanely strange...
Come with me if you want to live....
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