Gold & Silver getting KILLED!

[Mega]

Thought i get a last dig @ Max Keiser & the G/S Bugs before 2011.
Mike

[aaron]

Re: Gold & Silver getting KILLED!

Today it is getting killed.
Gold down 3 percent
Silver down 5%
Palladium down 4%
Platinum down 2.5%

------------------------

Metal Bid Ask
Gold $1,378.50 $1,379.50 ($44.40)
Silver $29.53 $29.58 ($1.57)
Platinum $1,733.10 $1,743.10 ($41.30)
Palladium $765.50 $770.50 ($30.90)

[Master Shake]

Re: Gold & Silver getting KILLED!

Buy the dips!

[jiimbergin]

Re: Gold & Silver getting KILLED!

Buy the dips!

I bought GLD and SLV for my trading account around the lows (so far) for the day

[Master Shake]

Re: Gold & Silver getting KILLED!

I added to my Kitco pool account (Ag). Unfortunately, too early this morning; the dip kept on dipping.

[sishya]

Re: Gold & Silver getting KILLED!

Looks like this time Gold can fall to around $1275. Just a hunch. I am fully loaded to my Gills in Gold.

[globaleconomicollaps]

gold long term trend

someone on the board posted this analysis some time ago. I have just updated it with data from bullionvault as of last week:
gold-long-term-trend.jpg

see my spreadsheet here:http://buildengineer.com/itulip/AUX-...0104094949.xls

I am not too happy with the numerical method I used to make the fit, but it looks to be the same one that excel uses.

the take home for me is that a return to trend will put us at about $1320 and it is likely to overshoot to the down side by a small amount. incidentally I saw this setup when I bought in November. I noticed that each time I did this analysis the correlation was very good, but the parameters would change slightly. I think Gold may be departing from a simple exponential.

[thriftyandboringinohio]

Re: gold long term trend

someone on the board posted this analysis some time ago. I have just updated it with data from bullionvault as of last week:
[ATTACH]3719[/ATTACH]

see my spreadsheet here:http://buildengineer.com/itulip/AUX-...0104094949.xls

I am not too happy with the numerical method I used to make the fit, but it looks to be the same one that excel uses.

the take home for me is that a return to trend will put us at about $1320 and it is likely to overshoot to the down side by a small amount. incidentally I saw this setup when I bought in November. I noticed that each time I did this analysis the correlation was very good, but the parameters would change slightly. I think Gold may be departing from a simple exponential.

Thanks for the thoughtful analysis.
Since last spring weve seen repeated calls for a serious pullback which just haven't quite materialized. At $1270 / oz I'd add to my position.

[flintlock]

Re: gold long term trend

At $1270 / oz I'd add to my position.

Me too.

I don't anticipate that happening though.