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  • The 8 Worst Gold Price Predictions We've Ever Heard

    From businessinsider.com

    Among other asset classes that got slammed in recent weeks, gold totally got torpedoed falling below $1,300 for the first time since 2010. And with inflation falling and the dollar stronger, analysts across Wall Street are convinced the yellow metal will continue to lose its luster. Unfortunately, this has been devastating for the gold bulls, especially those who expected easy monetary policy to send prices into the stratosphere. While gold prices were on their ascent, we heard some bullish calls from high-profile Wall Streeters that would make dotcom era equity analysts blush. For whatever reason, gold ultra-bulls ... (full story)

It's useful if Businessinsider.com quotes here the 8 deadly correct predictions
Quoting ForexRatVN
It's useful if Businessinsider.com quotes here the 8 deadly correct predictions
They just did
Come with me if you want to live....
Gold will definitely hits new high in the coming years, when hyper inflation takes place, regardless of a stronger US$.
All similar articles do not worth a cent! When these boys/predictors lose big from their illusion predictions, you start seeing such useless articles flooding the net, the same in currencies.
Trade according to current market condition, not what you think would be.
I tracked back in FF the gold bull advocates. My winner is Goldman Sachs - they were hard insisting on 2000$ back in January when price was between 1600 and 1700. My guess is - GS silently took a good cock in the a..
Just fade the articles. simples
If it's too good to be true, it probably is.
WTF they smoking before these Predictions !
Every excuse is a choice to fail !
Now do the opposite.
If gold price really reaches that much below then everyone would start buying the metal then demand will be created which makes the prices go beyond the limit.Even the great contrarian investors who made millions by buying and selling the mispriced assets have never been bearish on the gold market because they know an asset with such a long history of bull run can't be mispriced there are lot of business depends on the gold especially Indians are loading the house with gold since from the beginning drop in price of the precious metal, Indian govt imposed heavy tax on gold imports Even a small bit of inflation or recession reports from US is enough for the gold is reach the sky
Be aware of the US bubble !!!!
In my opinion I don't expect gold to go that high however gold can't be printed from thin air. There is underlying strong demand for a physical gold. Once the future market stabilise (paper gold) ther will be other bull run. Gold has been here for thousands of years before the time of Egyptian and will going to be. Nations rise and fall. Paper money come and go.
As expected... I smiled when they said it "would hit the $2000 mark before the end of this (past) year", I laughed when, in my country TV news said some bank put out some ATM machines to sell gold bullion (bars) to common people. (gold for the fools, I thought, one more proof that "someone" big knows this baby's gonna crash and burn)... And crashed and burned it did...

... I am still laughing

Oh, yes, it will rise... Someday... Look at your charts and don't listen to the talking heads and financial "fortune tellers" they´re 2 faces of the same (gold) coin XD

Too bad for women... Smart husbands will refrain to buy them gold jewelry for some time
I posted this back in 2012

Oct 14, 2012 10:44pm
#2
Clean
Quote

Mike Haran

830 posts

Usually I am opposite to Yohays sentiment, however I do agree that the EURUSD is moving upwards albeit in a restricted fashion, by this I mean that we are entering a possible limit for the EURUSD which could well come at the previous high 1.3170 area, my reasoning for this is the repetative nature of price movement and the cycles that keep repeating time and time again.

Unlike loadedgun, I think he is a clever bloke, I use past market movement to predict future movement, anyone that has studies physics will appreciate that to every action their is an equal and opposite reaction, the markets are the same, a study of history going back to 1900 will tell you why this time of the year is a period to be very careful, quite frankly the EURUSD could crash this month, I don't know whay, but two cycles I am watching are playing out. Gold has hit a 60 year cycle and we are now heading down, as gold and the dollar often head in opposite directions, this could mean the dollar is going to get stronger, secondly the EURUSD is repeating almost to the pip a move it repeated in the past, which did not go well for the EURUSD, it resulted in a 1000 pip move and ended well into the next year. However, this week I am bullish the EURUSD, but not for long.

All the best


Mike Haran


My call on the top of the eur was 30 pips off the high, then it fell 400 pips. Gold was a good call though.
Quoting Mike Haran
I posted this back in 2012

Oct 14, 2012 10:44pm
#2
Clean
Quote

Mike Haran

830 posts

Usually I am opposite to Yohays sentiment, however I do agree that the EURUSD is moving upwards albeit in a restricted fashion, by this I mean that we are entering a possible limit for the EURUSD which could well come at the previous high 1.3170 area, my reasoning for this is the repetative nature of price movement and the cycles that keep repeating time and time again.

Unlike loadedgun, I think he is a clever bloke, I use past market movement...
Mike I do agree with your words the reason contrarians always outperform the market is because they know what goes up must come down.I am a firm believer of newton's universal law for every action opposite and equal reaction it really holds true in financial markets I have experienced it but incase of gold I don't think it holds perfect I am sure market heads down for a while but just think about gold mines and people making business around this foolish metal what I am saying that reaction is limited it drops only to certain level may be to a extent of correction
Haha, I liked the Pareto principle prediction.Interesting one.
Bearish or Bullish, Don't be Foolish
Quoting joao.mbranco
As expected... I smiled when they said it "would hit the $2000 mark before the end of this (past) year", I laughed when, in my country TV news said some bank put out some ATM machines to sell gold bullion (bars) to common people. (gold for the fools, I thought, one more proof that "someone" big knows this baby's gonna crash and burn)... And crashed and burned it did...

... I am still laughing

Oh, yes, it will rise... Someday... Look at your charts and don't listen to the talking heads and financial "fortune tellers" they´re 2 faces...
I think now is a splendid time to buy gold.
Gold is not the bubble...
Come with me if you want to live....
Noone knows what is the right price for gold, so why not leave it alone and wait for the right signals...
Yeah?! Well.. you know, that's just like.. your opinion man! - Big Lebowski
Quoting michaelpelly
I tracked back in FF the gold bull advocates. My winner is Goldman Sachs - they were hard insisting on 2000$ back in January when price was between 1600 and 1700. My guess is - GS silently took a good cock in the a..
Do you really think they took any loses? GS is like a casino yeh they don't win every game but at the end of the day they end up with most of the money.
Quoting Yuri57
Noone knows what is the right price for gold, so why not leave it alone and wait for the right signals...
Agree, I wasn't talking about leveraged purchases though.
Come with me if you want to live....
I still don't understand why some people are still convinced that just because GS, Merrill or any other financial institution publishes a trading signal for the masses, that they are taking the trade themselves.
I have observed that nearly all of their signals published in FF are incorrect. Does anyone still really believe these powerful financial institutions are such terrible traders?
Come with me if you want to live....
I wonder if the Hoffmans will be mining gold... who is going to support his cocaine habit.
lowest draw down possible please.
Quoting Ill-b-back
I still don't understand why some people are still convinced that just because GS, Merrill or any other financial institution publishes a trading signal for the masses, that they are taking the trade themselves.
I have observed that nearly all of their signals published in FF are incorrect. Does anyone still really believe these powerful financial institutions are such terrible traders?
Why would they give anyone good free advice when they can give bad and misleading advice that they can profit from?
.
Quoting irongoose
Why would they give anyone good free advice when they can give bad and misleading advice that they can profit from?
.
Well, that's pretty much my point and has been my argument for quite some time.
But didn't want to be labelled some wacko, out if control, illogical conspiracy theorist lol.....
Honestly, I get the feeling some people in here think these powerful institutions actually give a rats toss about us.
Now that would be illogical
Come with me if you want to live....
Quoting Yuri57
Noone knows what is the right price for gold, so why not leave it alone and wait for the right signals...
Quite right, unless you are buying physical gold as a hedge. Strong USD will push gold down, a hint of inflation will fire it upwards.

Quoting Ill-b-back
Well, that's pretty much my point and has been my argument for quite some time.
But didn't want to be labelled some wacko, out if control, illogical conspiracy theorist lol.....
Honestly, I get the feeling some people in here think these powerful institutions actually give a rats toss about us.
Now that would be illogical
I still recall that near-plea from a GS trader to long the Euro.
Banks are sharks, and we are just the fry.
Carbon-Dioxide: the gas of life!
Quoting Exodus
Quite right, unless you are buying physical gold as a hedge. Strong USD will push gold down, a hint of inflation will fire it upwards.


I still recall that near-plea from a GS trader to long the Euro.
Banks are sharks, and we are just the fry.
The only time those sharks "plead" with us to do something, is when they want our "business".
Come with me if you want to live....
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correct prediction: 2300 $ in 2017
But they don't publish them for the masses, IMO they couldn't care less what the masses think, or do. Keeping indices high to encourage mom and pop to gamble away their pensions is a definite though, great method of wealth transfer and cute bail in. ;-)

Quoting Ill-b-back
I still don't understand why some people are still convinced that just because GS, Merrill or any other financial institution publishes a trading signal for the masses, that they are taking the trade themselves.
I have observed that nearly all of their signals published in FF are incorrect. Does anyone still really believe these powerful financial institutions are such terrible traders?
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Spreadbetter
But they don't publish them for the masses, IMO they couldn't care less what the masses think, or do. Keeping indices high to encourage mom and pop to gamble away their pensions is a definite though, great method of wealth transfer and cute bail in. ;-)
You say they don't care about the masses, then you indicate they are interested in the wealth transfer created by duping mum and dad investors?

I'm not meaning to be rude here but you appear to be contradicting yourself, unless I am missing something?
Come with me if you want to live....
Two separate issues; GS MS JPM cba regarding Joe public 'reading' their highly specific articles on the machinations of 'da markets'.

However, a transfer of wealth with moms and pops chasing a yield due to zirp they are interested in.

Quoting Ill-b-back
You say they don't care about the masses, then you indicate they are interested in the wealth transfer created by duping mum and dad investors?

I'm not meaning to be rude here but you appear to be contradicting yourself, unless I am missing something?
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Flak? Really? My view remains steadfast - the USA housing market is in a mess, the msm is desperately trying to stoke up another bubble. The USA has a shrinking workforce earning less, how they're going to pay their new 30 yr mortgages at circa 4% is a mystery.

An article in the news section has the following;

Mortgage applications decreased 4.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending August 9, 2013. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 5 percent compared with the previous week. The Refinance Index decreased 4 percent from the previous week. The seasonally adjusted Purchase Index decreased 5 percent from one week earlier.

As for the UK yes there's a mini bubble been created, construction was down 8% in the last/latest ONS figures. The UK govt incentive in the form of lend to buy will help a few of the house-builders but again, in a jobless recovery, who will buy the properties and what kind of risk are they taking on board?

So you've got a few shares in house-builders, good for you. I bought the index in December, good position trade so far...

Quoting Exodus
Don't fret over this, a matching mindset is needed to usefully employ such guidance.

As for market calls, please carry on. I have noticed your accurate input in these threads, and yes they always illicit ridicule from people who have an opposing or no substantial view. About a year ago I called 'up' on the US and UK housing markets; all I got was flak from some guy with the handle Squeeze. Well I made a tidy wad, and he has gone strangely quiet...

C'est la vie.
Quoting Squeeze
...So you've got a few shares in house-builders, good for you. I bought the index in December, good position trade so far...
Carbon-Dioxide: the gas of life!
Seems that big guns have been pulled out and war of opinions and insults goes at full scale! :-)

Exodus - I'm surprised to see you even fighting that keyboard skirmish. :-)
Quoting michaelpelly
Seems that big guns have been pulled out and war of opinions and insults goes at full scale! :-)

Exodus - I'm surprised to see you even fighting that keyboard skirmish. :-)
From time to time, you have to poke the fire.
Besides, I did call an 'up' on the housing market.
Carbon-Dioxide: the gas of life!
When someone start crying that gold was going up $2000, coupled with the fact that, in my country at least, they talked in TV about setting up some gold selling machines (gold for the people, ahah, let everyone benefit from the raising prices, and that kind of bull...) like an ATM it was just a matter of adding 1+1. Gold was going to crash... And so it did...
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  • Posted: Jun 24, 2013 10:55pm
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    Category: Entertainment News
    Comments: 33  /  Views: 8,872