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 Replies: 37 / Views: 6,557 |
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Rest in Peace
United States
2668 Posts |
To quote junior e: Quote:
....when the dollar does its inevitable death dance.... Yup, except it may be more of a re-entry from orbit. The next worse action of the Fed, besides a continuous debasing of our fiat money, would be the casual acceptance of GMOs into our food supply with no scientific studies as to it's effect on people by the FDA. You cannot send a child to school with a peanut butter and jelly sandwich in today's population. Sad, just sad. |
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Pillar of the Community
 United States
586 Posts |
Past five weeks how much short position Commercials/Banksters have piled: (considering a weekly increase of 7,000 contracts being normal over past years) Week(9/25/15) : short increased by 18,353 contracts Week(10/2/15) : short increased by 16,358 contracts Week(10/9/15) : short increased by 14,215 contracts Week(10/16/15): short increased by 25,843 contracts Week(10/23/15): short increased by 35,530 contracts Banksters have gone MAD, Smackdown scheduled  Edited by leon1998
10/24/2015 6:26 pm
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Pillar of the Community
United States
586 Posts |
As expected, gold spot was knocked down hard from the 1,185 all the way down to 1,140 today.
More downside ahead.
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Pillar of the Community
Canada
2019 Posts |
Nope, its going up....  |
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Pillar of the Community
United States
5832 Posts |
Would the fed raising interest rate effect PM? There's been news that it might happen around December, and if that doesn't happen like last month, we may see stock market continue climbing higher. Otherwise; stacking PM don't seem too bad of a gamble.
Edited by macmercury
10/31/2015 6:03 pm
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Pillar of the Community
United States
7390 Posts |
That's what I'm waiting for. I'm gonna buy again on the dip coming then wait for December / January |
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Pillar of the Community
United States
586 Posts |
Friday's released weekly gold futures report showed Banksters/Commercials' short position buildup slowed down significantly; which usually indicates an interim top. If next report shows they start to reduce the number of short contracts, then another downtrend confirms; and gold will head to $1,050 or less by no surprise. |
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Pillar of the Community
United States
7390 Posts |
They're being caution with the indication from the fed is my guess
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Pillar of the Community
United States
586 Posts |
I believe Banksters already knew what Fed was going to do; instead, it is Large Speculators who were cautious.
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Pillar of the Community
United States
4333 Posts |
No worry of a rate hike.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
586 Posts |
Gold spot fell through the 1,140 support area; now sitting around 1,134. Price weakness will last for several weeks. Now you should understand why bullion dealers had so many promotions and specials during last week. |
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Pillar of the Community
Canada
2019 Posts |
Quote:
Now you should understand why bullion dealers had so many promotions and specials during last week. They have them every week... your point is?  |
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Pillar of the Community
United States
586 Posts |
Gold is heading to below $1,000 in the next few months; according to weekly GLD chart. Buyers be warned. |
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Pillar of the Community
Canada
2019 Posts |
Quote:
Gold is heading to below $1,000 in the next few months; according to weekly GLD chart.
Buyers be warned. Gold is heading up in the next few months, non gold buyers be warned Predictions are easy, being right is the hard part. |
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Pillar of the Community
United States
586 Posts |
As expected, gold is down again below 1125 today. Why do I say "again"  It looks like GLD tested the upper edge of downtrend channel and headed down again. So funny that many perma bulls were excited about the "breakout", which didn't materialize. Perma Bulls have been wrong for three years and now they're desperate. I really hope your guys didn't listen to them and bought the breakout @ US$1,185 area. HEAD FAKE and then RUG PULLED. Deja Vu |
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Replies: 37 / Views: 6,557 |
First Page
Posted 10/24/2015 6:21 pm
