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  1. #1
    Active Member rongold's Avatar

    Gold Ready to Jump Finally !!! !!!

    Gold was many months underperforming the other markets but finally there are signs that we could see new and exciting times for the gold market. End of the year is coming and many people especially from Asia will go for gold shoping. The prices will go up for sure. We couldn’t predict the exact moment but I am pretty sure it will happen.

    Gold Ready to Jump Finally !!!
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  2. #2
    Specialist Member RCox's Avatar
    Gold is a highly contentious topic, and there are many that have been caught long at the wrong levels that have suffered this month, and this year as a whole. Gold is now ready to post its first yearly decline in more than a decade, so the overall momentum is clearly centered on the downside. That said, I do usually look for contrarian opportunities where I believe that market activity has become too extreme, one-sided and not based on the underlying fundamentals. But even with this typical stance, I still don't see any reason to believe gold prices have bottomed. It is true that demand for physical gold has remained relatively healthy in emerging markets (particularly in India and China). But if we do start to see stronger economic data out of the US, we will likely see more forecasts for QE tapering. And since gold is priced in Dollars, this could bring another wave of selling in assets tied to gold.

  3. #3
    Veteran Member Ammeo's Avatar
    Quote Originally Posted by RCox View Post
    Gold is a highly contentious topic, and there are many that have been caught long at the wrong levels that have suffered this month, and this year as a whole. Gold is now ready to post its first yearly decline in more than a decade, so the overall momentum is clearly centered on the downside. That said, I do usually look for contrarian opportunities where I believe that market activity has become too extreme, one-sided and not based on the underlying fundamentals. But even with this typical stance, I still don't see any reason to believe gold prices have bottomed. It is true that demand for physical gold has remained relatively healthy in emerging markets (particularly in India and China). But if we do start to see stronger economic data out of the US, we will likely see more forecasts for QE tapering. And since gold is priced in Dollars, this could bring another wave of selling in assets tied to gold.
    The demand of gold is healthy in China and India but the one it used to be. I completely agree that we may see another wave of selling in Gold, i think it'll hit the $1100 mark in 2014. Goldman is also much bearish on gold predicting a further 15% downfal of gold in 2014.

  4. #4
    Legendry Member Michael Hodges's Avatar
    dont' hold your breath for any long term bullish move in gold. There are no reasons to buy at this time which means that for some it is a good time to sell....

  5. #5
    Veteran Member Ammeo's Avatar
    i think it'll take around 5-6 more months for the gold bears.
    Once below 1000 mark its a definite buy. even in the 1000-1100 range can be bought if mch room available for margin.

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