How ugly will gold's selloff get?

If somebody tries to manipulate the others it is time to go opposite - so it is high probability that gold will go up and the question is how far 1250 ... 1300?

Sell until end of this year...

Keep shorting silver and gold. As long as usd trends higher commodities will trend lower .

1271 - Barcleys forcast in 2014, 1180 in 2015

I wouldn't bother buying gold until it falls back to $720

Major support gold 1150.00

at these prices and with RSI this low, it would be rude not to buy some (only physical tho' ... to jumpy to trade and ETF's are 100:1 so, avoid)

I'll be pound cost averaging both Gold and Silver £x until they turn up again

Yep, 1060 not far away (weekly)

So now it can only go up. My uncle is buying gold and he is always right. He told me that it will go up to 1250 at least

You're Uncles a wise man .... I'm seeing 1300 by Christmas

1180.00 --------> 1240.50 -----------> 1200.00 ----------> 1250.40 ----------> 1150.00 ------☆ goal 2000.00

Come on! Fall under 1000 so I can finally start to accumulate physical.

At least gold must have to create the new higher price to do so..fall under 1000

its going to destroy long positions till 1140 then go unstoppably to $1400 - 3 years $2100 when a new crisis ocurs.

I think alot is dependent on the QE easing/ending scenario and whether the main investors that have enjoyed the Fed's gains will stick around to see if equities still remain strong minus the big kid on the block.

The is a heck of a lot of hype over the market behaving like in previous QE easing situations (a decent pullback), so if the Fed's talk is that it will be gone forever who is to know how the masses react.

I sure know that if I was in at any point with decent gains the last thing I am going to be sticking around for is hope, and I think the majority will be the same. Perhaps though there might be an air of some manipulation to start with as the major banks and fundies may not want to bail out at the same time, they may push the market higher, lure in those people with lines like "see it didn't crash, come on and join the party" only to get the liquidity they need to dump their stocks.

Tread carefully is all I can say.

Pretty imaginative but unfounded. Interesting how the imagination is tickled by the seeming randomness of price movements (which in fact is not random at all but mathematically chaotic). Nonetheless the evidence is that we are tending to (----->) 1000 and lower and that is based on the idea that price (a chaotic variable) evidently evolves by persistent cyclic trends. Before we were phased up but now we are phased down and that is exactly the prediction of that theory. The earlier folks accept that we are rotating out of the former range into a new one the better for profits - it is true indeed of nearly all else in the forex and commodities at this time including the USD - former things (numbers and levels) are passing away. Simple.

The Crow (-_-)

BTW: The current indication is that price (Gold) is corrective to at least (12) 18/25 in a first wave and whether that then extends to the (12) 34/54 range in the second wave remains to the seen. But I would argue (on really powerful chaotic analytics) that such highs will the sort seen in a very long while. Of course that is not a statement cast in stone however one based on the current eidence which if materially changing we would indicate and acknowledge at such a point.

i think your comment just only suitable for EUROUSD not gold The Crow....

Gold price is manipulated.

There are more Gold's CFD than physical Gold stock.
Once that China creates the Shangai's Gold Exchange (Comex analogue, but with physical Gold guaranteed), price will go up to the real value of this particular metal...

and that it's AT LEAST the double of the actual price.

Be aware.

Agree! I'm waiting for the same level... even 1,100 would be good.