Gold Big Sell-off Coming, or Not?

[Adeptus]

Re: Gold Big Sell-off Coming, or Not?

... and then tell me the exact answers, PLEASE!!! it should be simple: up or down, and by how much.

Oh, that's really easy: Up, by $1,000 !

Adeptus
PS. It's easy to make accurate predictions, when providing a time-frame is not a requirement ;-)

[ThePythonicCow]

Re: Gold Big Sell-off Coming, or Not?

i AM asking the question of if the huge short positions of the bullion banks will overwhelm the SPECULATIVE positions of little gold bugs scattered around the world in the SHORT TERM!!!

I think that the big guys are not so much short gold as long the dollar. It's time for dollar up, all else down. I'm guessing that it's an A-B-C correction and that we're well into A. Sometime in the first half of Feb, gold will bottom in the $10XX range, before going up some (the B) then bottom sometime in March in the $9XX range.

[WildspitzE]

Re: Gold Big Sell-off Coming, or Not?

Yup, also look at the what the AMB and M1 are doing. Looks like someone wants to instill a little confidence in the USD and Treasuries -- also, someone needs to get nominated. My expectation is that at some point they will revert back to their pumping ways or it will get ugly quick... but for the time being, I wouldn't ignore what seems to be the current mandate.

[WildspitzE]

Re: Gold Big Sell-off Coming, or Not?

Their purchase at $1045/oz is a good indicator. IMHO, it will be some serious resistance level.

I agree, this is a serious resistance level imo.

[big67]

Re: Gold Big Sell-off Coming, or Not?

I vote for No Big Selloff in the next week timeframe. The pattern is not there at the moment, IMO.

[Raz]

Re: Gold Big Sell-off Coming, or Not?

I agree, this is a serious resistance level imo.

When you speak of $1,045 "resistance" don't you actually mean support?

[Master Shake]

Re: Gold Big Sell-off Coming, or Not?

can you guys read? i am not asking the political, historical, philosophical, or economical and financial problems the US of A facing. i AM asking the question of if the huge short positions of the bullion banks will overwhelm the SPECULATIVE positions of little gold bugs scattered around the world in the SHORT TERM!!!

now smarten up and try again-read the charts, study the data, and then tell me the exact answers, PLEASE!!! it should be simple: up or down, and by how much.

Gold will bounce off the floor of $1045 that Medved mentioned and trade in a range for a while. Meanwhile, the gangster butchers in Peking will jail and slaughter more Tibetans. :p

[medved]

Re: Gold Big Sell-off Coming, or Not?

When you speak of $1,045 "resistance" don't you actually mean support?

Sure, thanks for correction.

[WildspitzE]

Re: Gold Big Sell-off Coming, or Not?

Lol. Looks like I compounded the typo. Yes, support. Thanks!

[icm63]

Re: Gold Big Sell-off Coming, or Not?

The banks ($BKX, $BANK, XLF: esp JPM,GS,BAC) have been re evaluated with Volcker having more say...and a swing in Democatic sentiment of not being bullet proof !

DOW to 9500

GOLD $950 to 1015

Watch the three big nastys : JPM, GS, BAC..all looking to bust thru support...heavy sell off under way...

[blazespinnaker]

Re: Gold Big Sell-off Coming, or Not?

Gold could totally crash here folks.

When the government starts enacting smart fiscal policies - it's a good time to sell.

[Raz]

Re: Gold Big Sell-off Coming, or Not?

Gold could totally crash here folks.

When the government starts enacting smart fiscal policies - it's a good time to sell.

If the Senate refuses to confirm "Bubbles" Ben I might begin to suspect a much deeper sell-off in gold.
Otherwise it will take the Libertarians winning fifty seats in the House along with the Inauguration of Ron Paul as President to make me believe we'll see anything resembling "smart fiscal policies".

[icm63]

Re: Gold Big Sell-off Coming, or Not?

When the government starts enacting smart fiscal policies - it's a good time to sell.

If Ben is not re appointed, that will be interesting..

At the moment..
1) NO inflation, only potential inflation
2) GOLD is an inverse $USD trade (supported by countries pegged to $USD)
3) EURO has a PIGS issue
4) Sell off in stocks...

So..GOLD BULL could be challenged..

[jtabeb]

Re: Gold Big Sell-off Coming, or Not?

Gold could totally crash here folks.

When the government starts enacting smart fiscal policies - it's a good time to sell.

Not if the fundamentals of the underlying economy are shit.

Umm, Don't we have 1.9 Trillion of a debt ceiling increase coming up?

The proposals are vaporware until implemented and EVEN THEN, the devil is in the details.

Me thinks no time for selling (paper trading gold, sure. Real bet your life to save your ass gold, NO).

Just my 1 Oz Au.

[jtabeb]

Re: Gold Big Sell-off Coming, or Not?

If Ben is not re appointed, that will be interesting..

At the moment..
1) NO inflation, only potential inflation

You sure about that sparky?

Check your grocery bill next time and count Actual AMOUNT of product purchased vs Amount Paid.

I've seen a about a 50% decrease in THESE terms over the last 6 months. Not even across the board, but noticeable. Some products MUCH higher, others same if no cheaper. But in aggregate 50% decrease is about right from anecdotal experience.