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05-23-2013, 04:51 PM
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#1
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Valued Poster
Join Date: Oct 7, 2010
Location: United States of California
Posts: 1,706
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DIDN'T I WARN FOR BUYING GOLD IN SEPTEMBER 2011?
It's still too over priced.
At $1000 to $1100 per ounce is a reasonable price!
It's funny, the high was 1931, now it's 1391.
Just 2 numbers switched.
But a truckload of money lost!
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05-23-2013, 04:58 PM
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#2
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Premium Access
Join Date: Dec 30, 2009
Location: Louisiana
Posts: 778
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Your assuming everyone bought there gold at the top. I bought mine in 1990 at $440. Once Goldman Sachs stops their manipution of the commodity (how many times will Cyprus sell) it will go back up.
Fed's QE endless will come to roost. $1600 by EOY
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05-23-2013, 05:05 PM
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#3
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Valued Poster
Join Date: Oct 7, 2010
Location: United States of California
Posts: 1,706
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Quote:
Originally Posted by Bababoeuy
Your assuming everyone bought there gold at the top. I bought mine in 1990 at $440. Once Goldman Sachs stops their manipution of the commodity (how many times will Cyprus sell) it will go back up.
Fed's QE endless will come to roost. $1600 by EOY
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Of course it will go up, but not so fast.
And how can you say a thing like 1600 by eoy when it is still in a down trend?
It will probably go down to 1044, and the move up will be terribly slow.
Many investors have found better use of their capital like platinum and silver and won't be back in the gold market!
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05-23-2013, 05:06 PM
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#4
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Valued Poster
Join Date: Oct 7, 2010
Location: United States of California
Posts: 1,706
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Quote:
Originally Posted by waverunner234
Of course it will go up, but not so fast.
It will probably go down to 1044, and the move up will be terribly slow.
Many investors have found better use of their capital like platinum and silver and won't be back in the gold market!
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And no one believes in the bubble anymore.
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05-23-2013, 09:29 PM
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#5
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Premium Access
Join Date: Dec 30, 2009
Location: Louisiana
Posts: 778
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Quote:
Originally Posted by waverunner234
Of course it will go up, but not so fast.
And how can you say a thing like 1600 by eoy when it is still in a down trend?
It will probably go down to 1044, and the move up will be terribly slow.
Many investors have found better use of their capital like platinum and silver and won't be back in the gold market!
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Gold was way above $1600 in February 2013 so why would it take years to get back there.
There is a little dirty brokerage firm on Wall Street named Goldman Sachs. They are the US Government's broker. They accommodate the Fed. The Fed needs gold down right now to justify that their QE3 program isn't causing inflation in the USA.
The problem is Goldman can manipulate our markets (they short gold) but can't stop Russia, China, India from hoarding the stuff. And by the way, gold can't go down unless it is being sold, and gold can't get sold unless someone is on the other side of that trade buying it. And guess who is buying tons of gold for themselves? Their initials are GS,
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05-24-2013, 12:51 AM
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#6
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Valued Poster
Join Date: Dec 14, 2011
Location: Key Largo
Posts: 1,384
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05-24-2013, 12:56 AM
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#8
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Valued Poster
Join Date: Jun 12, 2011
Location: Olathe
Posts: 16,815
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Any idiot can look like a gifted prophet with the right timing. How smart would you look if it was February of 2013 and saying this? Not very. Now the bottom could (not a prediction but a hypothetical) drop out of the stock market and everyone would flee back to commodities (gold, silver, oil, etc) and the price could go back up to $1900 an ounce in a matter of days. Then again, wouldn't you look like a genius if you had said when the stock market was at 7,000 that some day it would be over 15,000? So don't slap your own back too hard, you may need that hand to grab your money again.
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05-24-2013, 01:36 AM
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#9
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Valued Poster
Join Date: Oct 7, 2010
Location: United States of California
Posts: 1,706
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Quote:
Originally Posted by JD Barleycorn
Any idiot can look like a gifted prophet with the right timing. How smart would you look if it was February of 2013 and saying this? Not very. Now the bottom could (not a prediction but a hypothetical) drop out of the stock market and everyone would flee back to commodities (gold, silver, oil, etc) and the price could go back up to $1900 an ounce in a matter of days. Then again, wouldn't you look like a genius if you had said when the stock market was at 7,000 that some day it would be over 15,000? So don't slap your own back too hard, you may need that hand to grab your money again.
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I don't trade gold anymore since the fucking Dodd Frank Act made gold trading on leverage impossible, along with other stupid rules.
Lol trading yen pairs is much more fun
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05-24-2013, 02:04 AM
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#10
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Valued Poster
Join Date: Dec 14, 2011
Location: Key Largo
Posts: 1,384
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Quote:
Originally Posted by JD Barleycorn
Any idiot can look like a gifted prophet with the right timing. How smart would you look if it was February of 2013 and saying this? Not very. Now the bottom could (not a prediction but a hypothetical) drop out of the stock market and everyone would flee back to commodities (gold, silver, oil, etc) and the price could go back up to $1900 an ounce in a matter of days. Then again, wouldn't you look like a genius if you had said when the stock market was at 7,000 that some day it would be over 15,000? So don't slap your own back too hard, you may need that hand to grab your money again.
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The DOW is still only at nominal highs.
And the S&P... the real indicator of the markets has only gone sideways.
Also, still forming a triple-top... But tech/fundamentals in manipulated markets mean nothing. As long as the FEDS "Forward Guidance" is in place the markets will continue to go up... maybe... but so will their balance sheet (foreign&domestic) and the US debt. I see real bubbles... stock market, auto lending, bonds, credit, housing... everywhere the FED is. Also student loans and all those unfunded liabilities.
IN THE END PEOPLE WILL ACCEPT WHAT IS ALREADY HERE, WORLD GOVERNMENT. Just another bankers consolidation.
Maybe the Comprehensive Annual Financial Reports will save us all?
THIS WHOLE QE/ZIRP/OPERATION TWIST POLICY IS ALL ABOUT FUNDING THE BANKRUPT DERIVATIVE MARKETS.
A HEIST
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05-24-2013, 02:19 AM
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#11
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Valued Poster
Join Date: Jun 12, 2011
Location: Olathe
Posts: 16,815
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Quantitative easing is driving the stock market and gold stalled a few months ago. So everyone is running to the stock market and leaving their gold on the table. This has brought the price down. Now the question is when does it become a buying time or do you just lay low a while longer?
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05-24-2013, 02:22 AM
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#12
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Valued Poster
Join Date: Dec 14, 2011
Location: Key Largo
Posts: 1,384
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Quote:
Originally Posted by waverunner234
I don't trade gold anymore since the fucking Dodd Frank Act made gold trading on leverage impossible, along with other stupid rules.
Lol trading yen pairs is much more fun
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So do you own gold or did you just trade the contracts?
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05-24-2013, 02:54 AM
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#13
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BANNED
Join Date: Feb 22, 2012
Location: -
Posts: 486
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Quote:
Originally Posted by SEE3772
The DOW is still only at nominal highs.
And the S&P... the real indicator of the markets has only gone sideways.
Also, still forming a triple-top... But tech/fundamentals in manipulated markets mean nothing. As long as the FEDS "Forward Guidance" is in place the markets will continue to go up... maybe... but so will their balance sheet (foreign&domestic) and the US debt. I see real bubbles... stock market, auto lending, bonds, credit, housing... everywhere the FED is. Also student loans and all those unfunded liabilities.
IN THE END PEOPLE WILL ACCEPT WHAT IS ALREADY HERE, WORLD GOVERNMENT. Just another bankers consolidation.
Maybe the Comprehensive Annual Financial Reports will save us all?
THIS WHOLE QE/ZIRP/OPERATION TWIST POLICY IS ALL ABOUT FUNDING THE BANKRUPT DERIVATIVE MARKETS.
A HEIST
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Agree... watchout these fucker may dxug you... they did johnny wed at micheal mens club...
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05-24-2013, 03:19 AM
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#14
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Valued Poster
Join Date: Dec 14, 2011
Location: Key Largo
Posts: 1,384
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Quote:
Originally Posted by JD Barleycorn
Quantitative easing is driving the stock market and gold stalled a few months ago. So everyone is running to the stock market and leaving their gold on the table. This has brought the price down. Now the question is when does it become a buying time or do you just lay low a while longer?
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Since 2003 I buy every month.
Same amount, same day, same time.
I don't care what the price is.
I don't care day to day if its up or down.
I don't own gold to profit.
My FideliTrade account is one form of insurance.
Like you said, gold is one asset that people will run to when...
Never forget Why Central Banks Have Been Buying Gold Since 2009
I think a good time to buy something is when nobody wants it.
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05-24-2013, 05:49 AM
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#15
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Valued Poster
Join Date: Oct 7, 2010
Location: United States of California
Posts: 1,706
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Quote:
Originally Posted by SEE3772
So do you own gold or did you just trade the contracts?
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I traded contracts leverage 1>50 when it was allowed.
Now I trade EUR, USD, GBP, YEN, AUD, NZD and CAD
and I hold sell positions in Indian Rupees because with leverage 1>50 that gives 97% interest per year.
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