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| Discuss future of gold at the Commodities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; hi friends, again bullionbears came to give valuable tips to you. yes this time alsothe ... |
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#1
9th February 2006, 09:30 PM
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future of gold
 hi friends, again bullionbears came to give valuable tips to you. yes this time alsothe soame gold we take into consideration as we mentioned earlier it should come down after touching a psychological high of 575$ it came down. we thand for the traders who tood a position and made a good progit now join with us another profit taking tip is ready for the investors . golr the king of the bullion came 20$ down with in a day and now consolidating for the low so invcestors bewre dont go long now this is the time u have to go a short at $565 or $560 and cover it in the $540 because good support is seen at $535.if it breaks the 535 then further u can go short unless it hits u should wait and watch the market .
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#2
9th February 2006, 09:39 PM
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Re: future of gold
Hi Bullion
your strategy (shorting) may work for short term speculators , but even then with a high risk. Did u not read today's papers which quoted an analyst's estimate that a single act of international terrorism can push gold price up by a massive $100 ( am I right) per ounce Shorts beware : what we saw today was IMHO a mere 'minor' correction which may not last more than a week, or at worst a 'secondary' correction which may last a month or two . The 'primary' bull market trend remains intact, in the absence of a discernible reversal pattern. AGILENT
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#4
10th February 2006, 06:04 PM
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Re: future of gold
IMHO....there is merit in both the postings above with respect to Gold. From a fundamental point of view Gold is bullish in the medium term, but not without a proper technical correction and consolidation which is due after its recent run up. So my vote is for an immediate correction and thereafter a run up again..Lets see..Time alone can tell
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Re: future of gold
