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  • Gold below $1,200 needed for ‘new equilibrium’

    From cnbc.com

    A drop in gold prices below $1,200 an ounce may precipitate a fresh round of production cuts in the mining sector aimed at re-balancing the market, strategists told CNBC. Although the short-term view on gold remains overwhelmingly negative – with nearly three quarters of respondents in this week's CNBC gold sentiment survey forecasting further weakness for bullion – many say prices may start stabilizing below $1,200 – levels where a supply response from the mining sector may kick in. "Gold production may fall at prices below $1,200 as it becomes uneconomical for many mines to operate profitably," said Mark ... (full story)

usaully news like this be announced befor a new rally.
What does the world cost? A shit, so sell it!
  •  Guest
  • | IP XX.XXX.101.142
I keep on hearing paper gold and physical gold are different markets.... I guess it aint so.
  •  Guest
  • | IP XX.XX.246.75
There are different methods by which gold mining companies are ranked. One is by their annual production. Another is by their cash cost per ounce, that is, how much money it costs them to mine the gold.

http://en.wikipedia.org/wiki/Largest_gold_companies
US wont taper until they have wrecked every free market in every corner of the globe, but what more could you expect from the most dysfunctional government in the world!

H4 down Chanel holding, 1112 next W1 support
gold demand will pick up in US very soon
The little knowledge that I have tells me that for , all currency printed by any nation, there has to be a certain percentage of gold kept in reserve. The US have been printing money under the the name of QE with no gold in reserve. There has to come a time when US will have to stock a certain percentage of gold to make up for currency printed under QE. So the moment it falls real low , it will be immediately stocked by US in huge quantities. So my opinion , gold is real buy at any time at these levels and also much below. Money management is of prime importance while trading GOLD.
Leaders don't do different things, but they do the same things differently.
That's not a little knowledge it's zero. The USA came 'off' the gold standard in 1973.

Short history lesson...

http://www.richmondfed.org/faqs/gold_silver/
Quoting 111ForexGuru
The little knowledge that I have tells me that for , all currency printed by any nation, there has to be a certain percentage of gold kept in reserve. The US have been printing money under the the name of QE with no gold in reserve. There has to come a time when US will have to stock a certain percentage of gold to make up for currency printed under QE. So the moment it falls real low , it will be immediately stocked by US in huge quantities. So my opinion , gold is real buy at any time at these levels and also much below. Money management is of...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Guest
There are different methods by which gold mining companies are ranked. One is by their annual production. Another is by their cash cost per ounce, that is, how much money it costs them to mine the gold.
http://en.wikipedia.org/wiki/Largest_gold_companies
:-bd be my guest

but don't forget that the price of gold is highly speculated
Considering that most people on this site are short term Traders and not long term "Investors, why are we being fed this basically opinionated useless information from CNBC?


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  •  Guest
  • | IP XX.XX.164.174
I haven't traded gold for a while, but check H4 or D1 going back to late june/early july 2013, looks a bit like a head and shoulders to me.
Gold now is breaking down below 1250mprobably headed for 1225 support
Interesting observation. On the basis that 95%+ of traders fail perhaps the message is "up the time frames if you want to succeed as a retail trader". Trade less-earn more.

Fwiw after thousands of hours of experimentation over many years (a decade or more) I've only discovered and witnessed one highly reliable, low risk/tight money management method of making money as a day trader, and its effectiveness is effectively ruined by circa 50% when practiced on the usual lagging, hopeless retail platforms.


Quoting Brad6
Considering that most people on this site are short term Traders and not long term "Investors, why are we being fed this basically opinionated useless information from CNBC?


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"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Thanks Spreadbetter for the info. I checked the link and learnt something new today. I truly accept that learning is a never ending process and continue to emphasize it as you can verify from my previous posts.
I am a long term investor and am long on GOLD.
Your opinion and position in GOLD?
Leaders don't do different things, but they do the same things differently.
My position on gold? I don't trade it, ever.

Quoting 111ForexGuru
Thanks Spreadbetter for the info. I checked the link and learnt something new today. I truly accept that learning is a never ending process and continue to emphasize it as you can verify from my previous posts.
I am a long term investor and am long on GOLD.
Your opinion and position in GOLD?
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
It's still slightly bearish unless it moves past 1400.
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  •  Guest
  • | IP X.XXX.207.90
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  • Story Stats
  • Posted: Nov 26, 2013 5:51am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 15  /  Views: 3,861