Gold
- Thread starter praveen taneja
- Start date
Hi praveen taneja,
My thoughts are that Real physical Gold is a good buy now or any time soon but not sure about the paper type that is traded. it is in a heavy down trend on daily and weekly and has closed on the wrong side of the kijun sen on the monthly chart too.
I suspect that the down trend will continue for some time just to make sure all who are long have well and truly given up their holdings before a new up trend emerges. The monthly future cloud on ichimoku shows a nice flat bottom which also equals the 50% fib retracement of the 08 bull rally at around $1300 this could be a target if the slide continues.
We all know fundamentally that GOLD will continue to appreciate but as most folks are just trading an electronic instrument it will behave just like any other instrument so unless you are a buy and hold investor I would stick to playing the down trend where ever your system generates you a signal.
I own some GOLD in my retirement fund and will add to it at the $1300 level if it reaches it but for me that is a 10yr plus investment not just a swing trade.
I think all markets are manipulated, GOLD inclusive and I voted that way on your poll.
Happy trading....
My thoughts are that Real physical Gold is a good buy now or any time soon but not sure about the paper type that is traded. it is in a heavy down trend on daily and weekly and has closed on the wrong side of the kijun sen on the monthly chart too.
I suspect that the down trend will continue for some time just to make sure all who are long have well and truly given up their holdings before a new up trend emerges. The monthly future cloud on ichimoku shows a nice flat bottom which also equals the 50% fib retracement of the 08 bull rally at around $1300 this could be a target if the slide continues.
We all know fundamentally that GOLD will continue to appreciate but as most folks are just trading an electronic instrument it will behave just like any other instrument so unless you are a buy and hold investor I would stick to playing the down trend where ever your system generates you a signal.
I own some GOLD in my retirement fund and will add to it at the $1300 level if it reaches it but for me that is a 10yr plus investment not just a swing trade.
I think all markets are manipulated, GOLD inclusive and I voted that way on your poll.
Happy trading....
Thnx for your precisious time and valuable thoughts
yes I am waiting for that dip too as before last upmove it made some volatile moves on lower side so all sl hits and weak hands booked loss but this time it is showing strong hand coming on all dips and buying increasing in physical mkts means someone either china or some other country making this move like selling here and buying there ( This can be checked at World Gold Council website too ).
I feel that next upmove would be so fast that people specially retail trader would be taken into surprise and would be left with leftover feel thats why I am holding Petals and keep on reducing my cost in buying selling that:thumb:
Aage Ram Ji Ki Marji Jai Ram Ji KI
Happy to know there are mature persons too on TJ
yes I am waiting for that dip too as before last upmove it made some volatile moves on lower side so all sl hits and weak hands booked loss but this time it is showing strong hand coming on all dips and buying increasing in physical mkts means someone either china or some other country making this move like selling here and buying there ( This can be checked at World Gold Council website too ).
I feel that next upmove would be so fast that people specially retail trader would be taken into surprise and would be left with leftover feel thats why I am holding Petals and keep on reducing my cost in buying selling that
:thumb:Aage Ram Ji Ki Marji Jai Ram Ji KI
Happy to know there are mature persons too on TJ
Gold Little Changed As 'Sequester' Begins
Gold prices were little changed on Monday from falling to one-week low in the previous session on worries over U.S. lawmakers` failure to reach a deal to avert the across-the-board, deep spending cuts and a lack of new Federal Reserve stimulus.
The shiny metal was supported on Monday by the physical buying in Asia while positive data from the U.S. slashed gold's safe-haven appeal as it suggests a pickup in economic growth, offsetting concerns over the impact of the spending cuts.
Gold prices were little changed on Monday from falling to one-week low in the previous session on worries over U.S. lawmakers` failure to reach a deal to avert the across-the-board, deep spending cuts and a lack of new Federal Reserve stimulus.
The shiny metal was supported on Monday by the physical buying in Asia while positive data from the U.S. slashed gold's safe-haven appeal as it suggests a pickup in economic growth, offsetting concerns over the impact of the spending cuts.
Gold Rebounds, Central Banks Meetings Eyed
Gold prices rebounded on Tuesday after four consecutive sessions of declining ahead of the anticipated monetary decisions from major central banks, with expectations to stick to their loose monetary policies at their meeting on Thursday, reviving bullions` inflation-hedge appeal.
Gold prices rebounded on Tuesday after four consecutive sessions of declining ahead of the anticipated monetary decisions from major central banks, with expectations to stick to their loose monetary policies at their meeting on Thursday, reviving bullions` inflation-hedge appeal.
Goldman Targets $1200 GoldDarryl Robert Schoon
Posted Mar 6, 2013
The gold market is all smoke and mirrors. But now the bankers house is on fire, the smoke is getting thicker, the mirrors are cracking and the screams of the trapped will soon be heard.
GOLDMAN TARGETS $1200 GOLD
Like most truisms, the old adage, connecting the dots, is easier said than done. Choosing the correct dots is far more difficult than merely connecting them. If you connect the right dots, you are called a soothsayer. Connect the wrong dots, you look like a fool.
Regarding what is currently happening in the gold and silver markets, long-time and highly regarded gold analyst Jim Sinclair appears to be a soothsayer. Four months ago, on October 21, 2012, ArabianMoney.net noted that Jim Sinclair had warned subscribers the bullion banks were going to push gold prices lower.
Because central banks had become net accumulators of gold, Sinclair said to make money in the new environment the bullion banks - Goldman Sachs, JPMorgan, Deutsche Bank, HSBC - were going to change their strategy regarding precious metals.
According to ArabianMoney.net, Sinclair predicted the banks new strategy would involve a change in spread management:
Spread management is rather technical for non-industry specialists. This is the profit per ounce when gold is sold, and the bullion banks juice this profit by taking both long and short positions in the marketplace to improve their real profitWhat Mr. Sinclair foretells is an upcoming move by the bullion banks to dump their short positions and go fully long
Sinclair said the bullion banks would look to pull gold down one last time to allow them cover to reverse their own huge short positions in the market. Once this is safely accomplished they will go fully long in their own positions and take the gold price far higher.
Regarding the timing of this move by the bullion banks, ArabianMoney.net wrote:
Right now the preoccupation in the bullion market is over a short-term correction, and the more alarming potential for a repeat of the 30 per cent price crash of 2008-9. Mr. Sinclair seems to be hinting that this will provide precisely the environment for the shedding of shorts and the creation of long-only positions in the market.
WE MAKE MONEY ON THE SPREAD
all that is required is a change in spread management by the gold banks and you will have whatever price the gold banks want from $3,500 to $12,400. -Jim Sinclair, October 2012
GOLDMAN SACHS TALKS GOLD LOWER
Six weeks after Sinclairs warning, the bullion banks set the stage for a drop in the price of gold as Reuters reported Goldman Sachs predicts turn in gold bull market. In December 2012, Goldman Sachs lowered its three, six and 12-month forecasts for gold and predicted the gold cycle would turn lower in 2013.
Absent additional easing in late 2013, we expect gold prices to decline at a faster pace in 2014 and to reach $1,625 an ounce by year-end. -Goldman Sachs, December 5, 2012
On December 6th, AabianMoney.net reported: Goldman Sachs has put out a negative call on gold saying that the bull market is over, exactly the sort of market maneuver predicted six weeks ago by Mr. Gold Jim Sinclair
On January 16th, Goldman analysts whipped up even more fear among gold investors by predicting a long-term price of gold of $1200:
we expect that gold prices will continue to trend lower over the coming five years and introduce our long-term gold price of $1,200/oz from 2018 forward.
THE CHINESE NEW YEAR GOLD MASSACRE (February 11th to February 22nd)
To put their strategy into play, the bullion banks waited for Asian demand to slow during the two week Chinese New Year celebration; and when the Chinese New Year began on February 11th the bullion banks began forcing gold and silver lower.
On Monday February 11th, gold was at $1660. On Friday, gold closed at $1610. The following week, gold reached a low of $1,558 on Thursday, Feb 21st before finishing Friday at $1,581.
The strategy worked. The Chinese New Years route of gold had caused nervous investors to sell and investment funds to exit their long positions and instead go short allowing the bullion banks to exit their positions on the short side.
On Friday February 22nd, gold trader Andrew Maguire noted: The paper market longs have been tricked into selling. Obviously the managed money and the specs are now being tricked into short selling. Who do you think is on the long side of those trades?
These bullion banks have actually successfully transferred massive short positions into very weak hands. And this next week is going to provide large short fuel above the market. As soon as this leveraged selling is insufficient to meet the bullion bank buying, which will happen, if not today it will be early next week.
The record number of gold shorts held by speculators usually presages a rally in gold prices.
The gross short position held by speculative traders in US gold futures and options has neared or exceeded 60,000 contracts only 5 times before in the last 8 years The average 6-month change in gold prices, according to analysis by BullionVault today, has then been +28%.
A 28% rally in gold at todays [February 27, 2013] price of $1,598 would take gold to $2,045.
GOLD LIFTOFF SOON? MAYBE SO, MAYBE NOTNow that bullion banks have exited their short positions and are long gold, the bankers are still going to protect their highly profitable paper money scheme and are not going to roll over and cede victory to gold unless forced by circumstances to do so.
Exiting their short positions removed the possibility the bullion banks would suffer catastrophic losses if gold prices exploded upwards. Now, the banks will instead be able to profit by being on the long side of the trade leaving the managed funds and speculators to bear the losses.
This does not mean, however, the bullion banks will abandon the credit and debt paper money cartel in their battle against gold. What it does mean is that the cartel has suffered a significant loss and golds victory is now one significant step closer.
Supply and demand in the battle between gold and paper money has been offset by the use of credit and debt by the paper money cartel. Up until 2001, the paper money cartel had the momentum. After 2001, gold did. It still does today.
GOLD IS A MOMENTUM TRADE
Perhaps a squeeze on gold shorts will soon take gold to $3,500 to $12,400 as predicted by Jim Sinclair or, it may come later. Have faith, it will come.
Buy gold, buy silver Have Faith
Posted Mar 6, 2013
The gold market is all smoke and mirrors. But now the bankers house is on fire, the smoke is getting thicker, the mirrors are cracking and the screams of the trapped will soon be heard.
GOLDMAN TARGETS $1200 GOLD
Like most truisms, the old adage, connecting the dots, is easier said than done. Choosing the correct dots is far more difficult than merely connecting them. If you connect the right dots, you are called a soothsayer. Connect the wrong dots, you look like a fool.
Regarding what is currently happening in the gold and silver markets, long-time and highly regarded gold analyst Jim Sinclair appears to be a soothsayer. Four months ago, on October 21, 2012, ArabianMoney.net noted that Jim Sinclair had warned subscribers the bullion banks were going to push gold prices lower.
Because central banks had become net accumulators of gold, Sinclair said to make money in the new environment the bullion banks - Goldman Sachs, JPMorgan, Deutsche Bank, HSBC - were going to change their strategy regarding precious metals.
According to ArabianMoney.net, Sinclair predicted the banks new strategy would involve a change in spread management:
Spread management is rather technical for non-industry specialists. This is the profit per ounce when gold is sold, and the bullion banks juice this profit by taking both long and short positions in the marketplace to improve their real profitWhat Mr. Sinclair foretells is an upcoming move by the bullion banks to dump their short positions and go fully long
Sinclair said the bullion banks would look to pull gold down one last time to allow them cover to reverse their own huge short positions in the market. Once this is safely accomplished they will go fully long in their own positions and take the gold price far higher.
Regarding the timing of this move by the bullion banks, ArabianMoney.net wrote:
Right now the preoccupation in the bullion market is over a short-term correction, and the more alarming potential for a repeat of the 30 per cent price crash of 2008-9. Mr. Sinclair seems to be hinting that this will provide precisely the environment for the shedding of shorts and the creation of long-only positions in the market.
WE MAKE MONEY ON THE SPREAD
all that is required is a change in spread management by the gold banks and you will have whatever price the gold banks want from $3,500 to $12,400. -Jim Sinclair, October 2012
GOLDMAN SACHS TALKS GOLD LOWER
Six weeks after Sinclairs warning, the bullion banks set the stage for a drop in the price of gold as Reuters reported Goldman Sachs predicts turn in gold bull market. In December 2012, Goldman Sachs lowered its three, six and 12-month forecasts for gold and predicted the gold cycle would turn lower in 2013.
Absent additional easing in late 2013, we expect gold prices to decline at a faster pace in 2014 and to reach $1,625 an ounce by year-end. -Goldman Sachs, December 5, 2012
On December 6th, AabianMoney.net reported: Goldman Sachs has put out a negative call on gold saying that the bull market is over, exactly the sort of market maneuver predicted six weeks ago by Mr. Gold Jim Sinclair
On January 16th, Goldman analysts whipped up even more fear among gold investors by predicting a long-term price of gold of $1200:
we expect that gold prices will continue to trend lower over the coming five years and introduce our long-term gold price of $1,200/oz from 2018 forward.
THE CHINESE NEW YEAR GOLD MASSACRE (February 11th to February 22nd)
To put their strategy into play, the bullion banks waited for Asian demand to slow during the two week Chinese New Year celebration; and when the Chinese New Year began on February 11th the bullion banks began forcing gold and silver lower.
On Monday February 11th, gold was at $1660. On Friday, gold closed at $1610. The following week, gold reached a low of $1,558 on Thursday, Feb 21st before finishing Friday at $1,581.
The strategy worked. The Chinese New Years route of gold had caused nervous investors to sell and investment funds to exit their long positions and instead go short allowing the bullion banks to exit their positions on the short side.
On Friday February 22nd, gold trader Andrew Maguire noted: The paper market longs have been tricked into selling. Obviously the managed money and the specs are now being tricked into short selling. Who do you think is on the long side of those trades?
These bullion banks have actually successfully transferred massive short positions into very weak hands. And this next week is going to provide large short fuel above the market. As soon as this leveraged selling is insufficient to meet the bullion bank buying, which will happen, if not today it will be early next week.
The record number of gold shorts held by speculators usually presages a rally in gold prices.
The gross short position held by speculative traders in US gold futures and options has neared or exceeded 60,000 contracts only 5 times before in the last 8 years The average 6-month change in gold prices, according to analysis by BullionVault today, has then been +28%.
A 28% rally in gold at todays [February 27, 2013] price of $1,598 would take gold to $2,045.
GOLD LIFTOFF SOON? MAYBE SO, MAYBE NOTNow that bullion banks have exited their short positions and are long gold, the bankers are still going to protect their highly profitable paper money scheme and are not going to roll over and cede victory to gold unless forced by circumstances to do so.
Exiting their short positions removed the possibility the bullion banks would suffer catastrophic losses if gold prices exploded upwards. Now, the banks will instead be able to profit by being on the long side of the trade leaving the managed funds and speculators to bear the losses.
This does not mean, however, the bullion banks will abandon the credit and debt paper money cartel in their battle against gold. What it does mean is that the cartel has suffered a significant loss and golds victory is now one significant step closer.
Supply and demand in the battle between gold and paper money has been offset by the use of credit and debt by the paper money cartel. Up until 2001, the paper money cartel had the momentum. After 2001, gold did. It still does today.
GOLD IS A MOMENTUM TRADE
Perhaps a squeeze on gold shorts will soon take gold to $3,500 to $12,400 as predicted by Jim Sinclair or, it may come later. Have faith, it will come.
Buy gold, buy silver Have Faith
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