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  • #162,641
  • Nov 17, 2009 5:58pm Nov 17, 2009 5:58pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting gatorinla
nope.. gold is not used in industry much since silicone.. its value can go up and down with the wind. you got many 3rd world countries with a growing middle class. gold has been valued for since ancient times. im not betting against billions of people wanting to wear gold. if economy falls then maybe, but only cause you cant eat it. at that point a good rifle and you get a lot of gold for free.
too late ... done it at 14350 ...

i dont do SL but in this instance as i am against billions ... i will set my SL at 15100 ...
  • #162,642
  • Nov 17, 2009 6:00pm Nov 17, 2009 6:00pm
Quoting G_Man
hey gator, will you go short with me on gold?

need company ...

anyone else interrested?
before you do gold research baltic dry shipping.. make shore to include recent articles. you can also use a usd/zar chart.. bds is the only thing that has me worried about shorts.. conflicting info has me on the sideline on eu. untill as stated in earlier posts stated happens..
those who can, do. those who cant, talk about those who can
  • #162,643
  • Nov 17, 2009 6:00pm Nov 17, 2009 6:00pm
Quoting Chicky
In many asian countries, gold means sense of security.

I would never short "sense of security" that will always remain in high demand by billions of people. It also is an industry. It has only one longer term direction.
I read that China is actively encouraging its citizens to invest in gold, and India is a prime purchaser of gold as it is prevalent in the local religion. I also read that China recently moved all its gold reserves from 3 other locations to a new storage facility in some new airport in mainland China.
  • #162,644
  • Nov 17, 2009 6:01pm Nov 17, 2009 6:01pm
Quoting G_Man
too late ... done it at 14350 ...

i dont do SL but in this instance as i am against billions ... i will set my SL at 15100 ...
good luck
those who can, do. those who cant, talk about those who can
  • #162,645
  • Nov 17, 2009 6:01pm Nov 17, 2009 6:01pm
Quoting Chicky
In many asian countries, gold means sense of security.

I would never short "sense of security" that will always remain in high demand by billions of people. It also is an industry. It has only one longer term direction.
you were a gold buyer when was at 700$ ?? i was.. and i was a seller when reached 1000$ and do remember its not the value of gold..
study a eur/xau chart and then we can talk.. its all about dollars not gold itself...

for euro holders gold has gained almost nothing those months..
  • #162,646
  • Nov 17, 2009 6:04pm Nov 17, 2009 6:04pm
Quoting kegra
you were a gold buyer when was at 700$ ?? i was.. and i was a seller when reached 1000$ and do remember its not the value of gold..
study a eur/xau chart and then we can talk.. its all about dollars not gold itself...

for euro holders gold has gained almost nothing those months..
I didnt even know there was a eur/xau chart, and if what you say is true... what do we do with that information?
  • #162,647
  • Nov 17, 2009 6:07pm Nov 17, 2009 6:07pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting Chicky
In many asian countries, gold means sense of security.

I would never short "sense of security" that will always remain in high demand by billions of people. It also is an industry. It has only one longer term direction.
well in that case arent we all supposed to be long on gold?

future generation will appreciate it ...
  • #162,648
  • Nov 17, 2009 6:07pm Nov 17, 2009 6:07pm
Quoting Exsilium
I didnt even know there was a eur/xau chart, and if what you say is true... what do we do with that information?
Well, it's just a statement about the weakening dollar. I got rid of all my dollars and bought aluminum cans.
  • #162,649
  • Nov 17, 2009 6:09pm Nov 17, 2009 6:09pm
Quoting Exsilium
I didnt even know there was a eur/xau chart, and if what you say is true... what do we do with that information?
man its easy...my bias prefer dollar strength...so gold can only go lower. the eur/xau chart can exaclty show you that all gold gains are not gold strength but dollar weakness something i do belive is over for now..dont get me wrong gold can hit 1.200 as euro can hit 1.60 but its not probable ..at the time we are facing possible yes probable not....
  • #162,650
  • Nov 17, 2009 6:10pm Nov 17, 2009 6:10pm
Quoting Exsilium
I read that China is actively encouraging its citizens to invest in gold, and India is a prime purchaser of gold as it is prevalent in the local religion. I also read that China recently moved all its gold reserves from 3 other locations to a new storage facility in some new airport in mainland China.
Even west may start investing in the gold, once they start saving, which is not far away. Which western country would not want a new industry that preserves real assets?
The Thief of Wall Street
  • #162,651
  • Nov 17, 2009 6:11pm Nov 17, 2009 6:11pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting kegra
you were a gold buyer when was at 700$ ?? i was.. and i was a seller when reached 1000$ and do remember its not the value of gold..
study a eur/xau chart and then we can talk.. its all about dollars not gold itself...

for euro holders gold has gained almost nothing those months..
hey kegra, i am just glad that i have you (an expert) on my side as i am no expert on gold ...

its you and me against the world ...
  • #162,652
  • Nov 17, 2009 6:18pm Nov 17, 2009 6:18pm
Quoting G_Man
hey kegra, i am just glad that i have you (an expert) on my side as i am no expert on gold ...

its you and me against the world ...
no its you against yourself. you beat your dark side and you win. as the uknown famous poet wrote "the jokes not here, its in your hands" you must aim high or piss on your feet.
those who can, do. those who cant, talk about those who can
  • #162,653
  • Nov 17, 2009 6:18pm Nov 17, 2009 6:18pm
Quoting realjumper
I am getting a little tired of people who keep on parroting that 'the trend is up'. The trend IS NOT UP, and it hasn't been since the high of 5062 on 26/27 October. It is equally risky to go long as it is to go short that the moment, because the trend is sideways....and that is a fact
The trend is many different things, depending on the timeframe. Did you come to the same conclusionfrom June until August? We've only had a few weeks without a higher high, and earlier in this uptrend there was a 2 month stretch without a higher high, and after one was made, it took another month for another higher high.
  • #162,654
  • Nov 17, 2009 6:19pm Nov 17, 2009 6:19pm
Quoting FXAdvice
Hi all,
Looking for Long on E/U around 1.4800 - 1.4850


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  • #162,655
  • Nov 17, 2009 6:21pm Nov 17, 2009 6:21pm
Quoting G_Man
hey kegra, i am just glad that i have you (an expert) on my side as i am no expert on gold ...

its you and me against the world ...
no man you are against morons that dont like to buy things were on sale they like to buy when high cause this they think gives value to what they got

and something else i sold all my physical gold before a week, 3,2 kg all PAMP SUISSE 999.99 wow man that was my pleasure and i do not give a damn shit if india buys gold , cause the info people is missing is that india did this week the physical transfer of gold that was orderd months before and was settled to a price way lower than today market...but people like to buy rumors not facts...anyway please i dont mean to offend anyone here...
  • #162,656
  • Nov 17, 2009 6:21pm Nov 17, 2009 6:21pm
Quoting kegra
you were a gold buyer when was at 700$ ?? i was.. and i was a seller when reached 1000$ and do remember its not the value of gold..
study a eur/xau chart and then we can talk.. its all about dollars not gold itself...

for euro holders gold has gained almost nothing those months..
I was one, always been. At $705 it looked very cheap, wish I had bought more. It is still cheap at $1,100.

Gold is status symbol in India, more expensive it is, more pride they feel in holding and displaying it.
The Thief of Wall Street
  • #162,657
  • Nov 17, 2009 6:21pm Nov 17, 2009 6:21pm
Quoting Mr J
The trend is many different things, depending on the timeframe. Did you come to the same conclusionfrom June until August? We've only had a few weeks without a higher high, and earlier in this uptrend there was a 2 month stretch without a higher high, and after one was made, it took another month for another higher high.
summers are usauly just a range if you exclude 2008.
those who can, do. those who cant, talk about those who can
  • #162,658
  • Nov 17, 2009 6:23pm Nov 17, 2009 6:23pm
Quoting FXAdvice


Attachment
You are very good trader, i read your posts.
What's your strategie? Support--->buy and Resistance--->sell?

Have you got simple or difficult strategie?
  • #162,659
  • Nov 17, 2009 6:25pm Nov 17, 2009 6:25pm
Quoting Chicky
I was one, always been. At $705 it looked very cheap, wish I had bought more. It is still cheap at $1,100.

Gold is status symbol in India, more expensive it is, more pride they feel in holding and displaying it.
its ancient value for poor people now having money is what keeps me away.. at least till the money suppy is cut..
those who can, do. those who cant, talk about those who can
  • #162,660
  • Nov 17, 2009 6:27pm Nov 17, 2009 6:27pm
Quoting Mr J
The trend is many different things, depending on the timeframe. Did you come to the same conclusionfrom June until August? We've only had a few weeks without a higher high, and earlier in this uptrend there was a 2 month stretch without a higher high, and after one was made, it took another month for another higher high.
Yes, quite so. However, it is foolhardy to continue to say "the trend is up" when it's not. It leads people to go long where they shouldn't, in the belief that if the trade goes against them, it will come back because "everyone says that the trend is up".......which is of course, pure bullshit.

As I said, the trend may *resume*, and it may not......the trend cannot "be up" forever, can it?!?!

It is more accurate, prudent and sensible to state that the trend is sideways at the moment.....which it is, and has been for a month. If it resumes it's climb, great. If it reverses, great.

People read this forum and rightly or wrongly, believe everything that is said by seior members. The senior members therefore, should choose their words carefully so as to not paint a false picture.
Doing what you like is Freedom. Liking what you do is Happiness.
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