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[Investments] Topic: Gold prediction... |
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examine |
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#1 Posted: 11/11/2011 6:44:24 PM
He has made solid comments and this is an sample from his commentary (blog):
"The GOLD PRICE rose
again, $28.60 or 1.6%, to close at $1,787.50. For the week it's up only 1.8%,
after falling Wednesday and Thursday. Now the GOLD PRICE has come plumb
back up to the real breaking point at $1,800. If gold can stay above that mark
for two days, then plainly it is rallying again and y'all better buy it. A fall
below $1,740 turns gold down.
I'm watching just like y'all. It can go
either way. If those two fixers in Greece and Italy fail to fix, the euro crisis
will erupt again and pull gold skyward. Watch out for that."
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woopdurritis |
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#2 Posted: 11/11/2011 6:49:01 PM |
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2169 |
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#3 Posted: 11/14/2011 2:50:56 AM |
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BigChris51 |
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#4 Posted: 11/14/2011 2:48:28 PM QUOTE Originally Posted by woopdurritis:
Can you eat gold?
can trade for food
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FrozenTundra |
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#5 Posted: 11/15/2011 1:32:35 AM QUOTE Originally Posted by woopdurritis:
Can you eat gold?
Can you eat currency?
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BigChris51 |
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#6 Posted: 11/15/2011 7:31:34 PM
you cannot eat currency but perhaps steak and rice for gold will due.
get it?
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examine |
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#7 Posted: 11/15/2011 8:21:06 PM
"The GOLD PRICE revealed
almost nothing today, although it did rise $3.90 to close Comex at $1,781.70.
Range was $1,785.38 to $1,7650.28, so I reckon that close qualifies as a
successful defense of $1,775 support. The issue remains in doubt, and will only
be clarified by (1) gold closing above $1,800 for two days, or (2) gold dropping
below $1,775 - $1,750.
With every fiat currency in the world on the run,
why would I question buying gold, and never mind the little downside risk? I
don't know. Maybe I'm letting the best become the enemy of the good. This much
is sure: if the GOLD
PRICE closes over $1,800 two days running, stop waiting and buy
fistfuls."
He is very confident that IF gold closes 2 days over 1800 its goin to get ugly for the people on the short side...
I am still sidelined wanting for one of the 2 secnario to unfold ...
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DAWGPRINT |
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#8 Posted: 11/16/2011 7:12:26 AM
Buying food??? You would do better to buy more practical things, if, indeed the dollar were to crash, then money's not going to be your problem. You'd better take some of that money and learn how to hunt and filter water!
If you're a true "survivalist" ,and that's the direction you're talking about if you're buying gold to later purchase food, there are things you need to be buying, and other's are right - you can't eat GOLD! lol
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FrozenTundra |
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#9 Posted: 11/16/2011 6:19:07 PM
Trying to catch a falling knife will only get you cut, divide what you want to invest into 12 months and buy the same $ amount each month. Dollar Cost Averaging - the best investment strategy you can make imo.
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examine |
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#10 Posted: 11/18/2011 4:03:25 AM
" Bottom line of this meditation is: buy gold. Don't fool around and get greedy,
trying to squeeze out a few dollars. Buy some at $1,705, buy more at $1,680, and
if it falls more, keep on averaging down.
What's the logic? You are
watching right now the LAST bargain basement gold decline, in the midst of an
unfolding world wide financial and monetary crisis. Nothing is being done to
ward off that crisis, the debt cannot be paid but the banks own the governments
so governments keep bailing them out, and at last it will all blow up, taking
all the world's phony fiat currencies with it. Only thing left standing will be
gold, silver, and productive assets. You are watching an epochal watershed, so
don't sit there on your hands and end up having to tell your grandchildren, "You
know, I could have bought gold back when it was $1,720, but I was too timid and
trusted the dollar too much." "
He also says that he does know where it will stop , anywhere between 1460-1675 but says that there is an uptrend around 1675 and it might catch there.
personally, i put in a buy at 1652 to start avg down
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spiz0o |
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#11 Posted: 11/21/2011 10:14:59 PM QUOTE Originally Posted by DAWGPRINT:
conspiracy theorist's who think buying gold in the midst of a meltdown may want to reconsider.
Buying food??? You would do better to buy more practical things, if, indeed the dollar were to crash, then money's not going to be your problem. You'd better take some of that money and learn how to hunt and filter water!
If you're a true "survivalist" ,and that's the direction you're talking about if you're buying gold to later purchase food, there are things you need to be buying, and other's are right - you can't eat GOLD! lol
nice tits pic bro
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