Near term gold: goin’ up or down? Gotta crystal ball anyone?

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  • Mon, Nov 16, 2009 - 05:11am

    #31
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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

I dont think there will be a repeat of 2008’s rally into the dollar and forced liquidations of large investors, there’s an old saying, fool me once, shame on you, fool me twice, shame on me.  My 2 (pre-1982) cents.  The longer you wait, the less gold and silver your paper will buy.   I’m in, alright, but I am trying to increase my exposure.

  • Mon, Nov 16, 2009 - 09:17am

    #32
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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

hitting new highs this AM. 

  • Mon, Nov 16, 2009 - 09:22am

    #33
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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

My gut feeling is that the ‘gold bubble’ is going to pop soon, but i’m anything but an investor.

http://www.telegraph.co.uk/finance/newsbysector/industry/mining/6546579/Barrick-shuts-hedge-book-as-world-gold-supply-runs-out.html

 

  • Mon, Nov 16, 2009 - 11:27am

    #34
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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

[quote=Thomas Hedin]

My gut feeling is that the ‘gold bubble’ is going to pop soon, but i’m anything but an investor.

[/quote]

A price spike does not a bubble make.  Is it getting overheated and ready to correct?  Most likely.  Is it going higher before the end of the year.  Most likely.

 

  • Mon, Nov 16, 2009 - 05:15pm

    #35
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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

 

This looks encouraging for those looking to buy the dip. Like me.

 

http://www.321gold.com/editorials/hoye/hoye111409.html 

Bob Hoye
Institutional Advisors
Posted Nov 14, 2009

Gold is generating its first daily upside exhaustion alert since January 2008. This alert occurs when a market exhibits urgency on the part of investors to buy. Major tops have been seen in gold when weekly and monthly alerts are generated. Daily signals, such as this, tend to occur around minor highs and lead to corrections back to test the most recent breakout or a pause until the 20-day moving average catches up to the price. In this case $1070 appears to be a reasonable targeted support. The following charts display all signals since gold bottomed in 2001.

(Click on images to enlarge)

###

Nov 12, 2009
-Bob
Hoye
Institutional Advisors
email:
[email protected]
website: http://www.institutionaladvisors.com

Hoye Archives

  • Mon, Nov 16, 2009 - 09:57pm

    #36
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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

My crystal ball says gold hits 1135 an ounce, Monday.

  • Tue, Nov 17, 2009 - 12:03am

    #37
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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

Docmims:

That’s pretty funny!!Laughing

Hey, can you do me a favor?  Loan me your crystal ball  tomorrow afternoon. I want to see what I’m having for breakfast!Wink

 

  • Thu, Nov 19, 2009 - 03:46pm

    #38
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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

Gonna stir up the bullish pot witha few arguments: tungsten gold, chinese put, and (CM’s) “strong hands” take physical delivery.

  • Mon, Nov 23, 2009 - 11:25pm

    #39
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    On my trip to the coin shop today…

…I got a teensy bit of a rude awakening:  these guys used to charge spot + 6 (current spot price for gold/silver plus 6%) — but that’s changed now.  They’re charging spot + 10.  Not going to stop me (as I’m buying as a hedge against future fiat currency roadkill scenarios — and my only other option is to drive all the way to NYC), but I guess they’re hedging their bets, too (since PMs seem to be doing nothing but going up these days)…

Viva — Sager

  • Tue, Nov 24, 2009 - 12:16am

    #40
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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

I haven’t noticed any big change yet.  I just bought some gold on Friday at a local place in Anchorage, and I’d say the premium over spot price for the gold eagles was a little over 7%.  Just a bit higher than since I first started buying PM’s there earlier this year. 

I’m a little surprised by today’s movements in the price… not because of fundamentals or anything like that, just that whenever I’ve bought PM’s in the past the price would promptly plummet afterwards Tongue out

– Nickbert

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