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  1. #1
    Veteran Member Ammeo's Avatar

    Gold Put (1 month) !!!

    Gold has been back to the level it was 6 months ago and could be going even further down as we may see a new range to be making just like it did from 2011 to 2013 in the 1400-1600 zone....There is no demand for this metal anywhere and its still trading above its demand level price which analysts say is $800.
    Gold Put (1 month)
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  2. #2
    Veteran Member Ammeo's Avatar
    Gold is down over 22% for the year. It will probably go lower. Yes there are vending machines vending gold coins/bars out on the market. That equals surplus. That means gold goes down until that surplus is bought up. It is that simple. The more you got of something the cheaper it becomes, the rarer it is the price goes up. Law of supply and demand. You cant run vending machines if there wasnt a oversupply of gold. If you think gold is so great and profitable buy yourself a machine and see how well it does. You can put it next to a snack or coke machine, make lots of money. (snicker)

    The German corporation plans to distribute 500 "gold ATMs" throughout airports and rail stations in Germany, Austria, and Switzerland. British and U.S. locations may apply for a license to host one of the machines. Franchise licensees may purchase the machines for about $28,000 and then pay TG-Gold to service the machines. The first Gold to Go vending machine in the United States was installed in Boca Raton, Florida in December 2010.....

  3. #3
    Specialist Member pinoyoptions's Avatar
    Quote Originally Posted by Ammeo View Post
    Gold is down over 22% for the year. It will probably go lower. Yes there are vending machines vending gold coins/bars out on the market. That equals surplus. That means gold goes down until that surplus is bought up. It is that simple. The more you got of something the cheaper it becomes, the rarer it is the price goes up. Law of supply and demand. You cant run vending machines if there wasnt a oversupply of gold. If you think gold is so great and profitable buy yourself a machine and see how well it does. You can put it next to a snack or coke machine, make lots of money. (snicker)

    The German corporation plans to distribute 500 "gold ATMs" throughout airports and rail stations in Germany, Austria, and Switzerland. British and U.S. locations may apply for a license to host one of the machines. Franchise licensees may purchase the machines for about $28,000 and then pay TG-Gold to service the machines. The first Gold to Go vending machine in the United States was installed in Boca Raton, Florida in December 2010.....
    Hi Ammneo,

    If the gold currently was down due to oversupply, in correlated with the currency like USD. It mean's the USD will go up in long term?

  4. #4
    Veteran Member Ammeo's Avatar
    Quote Originally Posted by pinoyoptions View Post
    Hi Ammneo,

    If the gold currently was down due to oversupply, in correlated with the currency like USD. It mean's the USD will go up in long term?
    USD is very strong currently against Gold, and much stable than YEN or Euro ....one currency i am always bullish about is USD...

  5. #5
    Legendry Member Michael Hodges's Avatar

    Gold Bear !!!

    I am still a gold bear, at this level and ahead of the Fed it looks like a good sell to me. The FOMC will have to produce much more than expected for gold to continue rallying at this point in the game. I am choosing a one week expiry. 
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  6. #6
    Veteran Member Ammeo's Avatar
    For the near short term it should fall more, possibly until mid of next week until ~1280 or so, after that it should bounce like nuts...

  7. #7
    Veteran Member Ammeo's Avatar
    Quote Originally Posted by Michael Hodges View Post
    I am still a gold bear, at this level and ahead of the Fed it looks like a good sell to me. The FOMC will have to produce much more than expected for gold to continue rallying at this point in the game. I am choosing a one week expiry.*
    Gold Bear
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    I totally agree... overall market sentiment on gold is bearish...many analysts are rating it as still overvalued..

  8. #8
    Legendry Member Michael Hodges's Avatar
    gold is nutty....I don't think anyone is buying to gold to own right now...it seems to be completely in the hands of short term traders, sentiment and expectations. once again the news as expected led to a near $50 drop in only a few days.

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