Gold prediction...

This is from the guy I have been following, he knows his stuff.

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."

Can you eat gold?

2500

can trade for food

Can you eat currency?

silly...you can trade the gold for food. Do you understand??
you cannot eat currency but perhaps steak and rice for gold will due.
get it?

From F Sanders today:


"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 ...

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

Gold and Silver will get pummeled in a about a week, around option expiry.  This is when I'll be buying more.

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.

Final "kiss goodbye" on the downside according to the dude I follow, here is a excerpt of his last commentary :

" 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

 

nice tits pic bro