well, i'll tell you what. if he doesn't say what you want him to say, gold and silver are gonna plunge.
Topic: Gold collapsing. Bitcoin UP. - page 1405. (Read 2032274 times)
Translation: Stay calm everyone. We need order, order.
Nah, it's more fun to watch the technical analysts ignore reason and panic over what Ben may or may not say. It's almost as entertaining as this whole Pirate fiasco.
well, i'll tell you what. if he doesn't say what you want him to say, gold and silver are gonna plunge.
Translation: Stay calm everyone. We need order, order.
Nah, it's more fun to watch the technical analysts ignore reason and panic over what Ben may or may not say. It's almost as entertaining as this whole Pirate fiasco.
yeah, that's about the level of response i'd expect from someone who's got a knot in his stomach.
Taking a breather after a 4% rally in 1-week is healthy, and extremely helpful in keeping purely technical analysts from jumping on the gold train due to uncertainty. Hedge funds and other managed money funds are again being eaten alive yet again, distracted by paper price movement while physical continues moving against the general consensus.
Translation: Stay calm everyone. We need order, order.
yeah, that's about the level of response i'd expect from someone who's got a knot in his stomach.
Taking a breather after a 4% rally in 1-week is healthy, and extremely helpful in keeping purely technical analysts from jumping on the gold train due to uncertainty. Hedge funds and other managed money funds are again being eaten alive yet again, distracted by paper price movement while physical continues moving against the general consensus.
gold and silver folding like a cheap suit. 
What kind of folding are you talking about? two-fold or three fold ? well its folding for the second time in one day so i guess i'd call it a two-fold.
gold and silver folding like a cheap suit.
That wouldn't be the same suit my OzT Au can still buy would it?
I'd be more worried if we see GS keep rallying before the Hole speech.
its not though. bad sign for the inflationists.
If you listen to what Jim Rickards says, nothing will come out of Jackson Hole. Bernanke will wait for the decision of the german constitutional court, and annonce whatever form of QE on the 13th
Is he right ? I have no idea
EDIT : talking about Jim Rickards
http://www.bloomberg.com/video/should-the-u-s-return-to-the-gold-standard-wsDVrOKATTqyTaG5yBY1kQ.html
And for those who didn't, i really advise reading his book Currency Wars
I'd be more worried if we see GS keep rallying before the Hole speech.
its not though. bad sign for the inflationists.
the /GC futures matches your chart.
I'd be more worried if we see GS keep rallying before the Hole speech.
I disagree
(Funny that our charts reflects our long term view)Anyway, we should know soon enough
EDIT : My chart is gold spot market, yours is GLD. Where can we find the comex one ?
Again, not that important of a drop. This week correction represent about 30% of last week rally.
Important point might be that the upper resistance of the downtrend starting last year might become a support (~1650$ today). Sure, too early to say if it'll hold, but it clearly was the support today.
Important point might be that the upper resistance of the downtrend starting last year might become a support (~1650$ today). Sure, too early to say if it'll hold, but it clearly was the support today.
here's an alternative view of that proposal using GLD. what i see is a false break up followed by failure and now resistance. price is being forced down. also the first of 2 gaps of the breakout has been filled with the 2nd one on deck. i covered all this in my newsletter:
Again, not that important of a drop. This week correction represent about 30% of last week rally.
Important point might be that the upper resistance of the downtrend starting last year might become a support (~1650$ today). Sure, too early to say if it'll hold, but it clearly was the support today.
Important point might be that the upper resistance of the downtrend starting last year might become a support (~1650$ today). Sure, too early to say if it'll hold, but it clearly was the support today.
Update:
A series of nasty ass charts.
A series of nasty ass charts.
yeah, that's about the level of response i'd expect from someone who's got a knot in his stomach.
gold and silver folding like a cheap suit.
What kind of folding are you talking about? two-fold or three fold ?
gold and silver folding like a cheap suit.
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