Gold

Prospero · Senior Poster Joined: 01 Mar 2006 Posts: 82

Gold hit my buy level yesterday. There's a nice triangle pattern going back to the $725 peak. The technical breakout has received relatively little attention from the gold gurus, which is promising. Of course, some people have noticed, but there are not too many screaming bulls around that I've noticed (apart from the perma-bulls). The rest, I guess, have been lulled by several months of ponderous action.

I'm betting we'll go up to $725 before there's a serious reaction.

HenryTo · Posted: Fri Jan 13, 2012 2:12 pm Post subject:

Gold testing its accelerated uptrend line.

http://www.chartoftheday.com/201201132.htm?T

rffrydr · Posted: Fri Jan 13, 2012 10:50 am Post subject:

rffrydr · Posted: Thu Dec 29, 2011 9:06 am Post subject:

EEM doesn't have so much to "protect" at this point--and we're beginning to see the horizon again Idea

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HenryTo · Posted: Wed Nov 23, 2011 1:07 pm Post subject:

Gold testing its accelerated uptrend support going back to early 2009:

http://www.chartoftheday.com/201111231.htm?T

rffrydr · Posted: Fri Nov 18, 2011 8:31 am Post subject:

I think we've reached the point where the sanctity of the central banks independence is the LAST thing that has to be preserved in Europe:

http://blogs.wsj.com/source/2011/09/19/debate-grows-over-central-bank-gold-agreement/
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rffrydr · Posted: Thu Nov 17, 2011 6:59 am Post subject:

Central Banks buying gold like no tomorrow--or yesterday.

http://www.ft.com/intl/cms/s/0/c0025500-10ef-11e1-a95c-00144feabdc0.html#axzz1dy0CjFXp

Obviously this is heavily skewed to surplus EEMs. With europe's holdings, why-oh-why isn't a xfer, or "gold-bond" on the table?
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rffrydr · Posted: Thu Nov 10, 2011 7:15 pm Post subject:

A nice big fat "gold bond" may just do it for china participation in euro-debt--can't imagine why this hasn't been floated yet. Maybe there's no word for "float" in german?
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rffrydr · Posted: Wed Nov 09, 2011 1:42 pm Post subject:

Don't know what's holding this puppy up (actually I do); a two-tiered europe is gonna lead to some kind of disgorge. Worth a shot on way OTM puts.

Crude has been making up for lost ground on huge inventory miss (going offshore?) but hasn't been able to rally out of the hole.
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HenryTo · Posted: Sat Oct 22, 2011 1:32 pm Post subject:

Carl Swenlin on support levels for the price of gold:

http://blogs.decisionpoint.com/chart_spotlight/2011/10/the-gold-picture-in-three-time-frames.html

rffrydr · Posted: Mon Sep 26, 2011 10:01 pm Post subject:

From the broker:

What was most surprising about trade recently was that investors in ETFs haven’t begun to liquidate. Futures
account holders have been shrinking net long positions since the w/e Aug 2nd where about 96,646 contracts have
been sold. However, the holdings in the GLD ETF have been steady in the last week. An article published by Reuters
yesterday cited the fund of funds firm International Asset Management as suggesting that large hedge funds like
John Paulson’s and Paul Tudor Jones’ won’t exit.
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rffrydr · Posted: Sat Sep 24, 2011 1:43 pm Post subject:

Nice toppy article:

http://www.latimes.com/business/la-fi-gold-jewelers-20110924,0,196581.story

Of course hasn't dented Tiffany's (last anti-recession diamond seller) and makes no mention of the 20-30% discount they're buying it off the street. Indeed, if you find this little reinvention in a traded stock I'd even buy it--other than the 30day holding requirement they are literally printing money.
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rffrydr · Posted: Wed Sep 21, 2011 5:58 pm Post subject:

Gold stocks priced in gold:

http://stockcharts.com/h-sc/ui?s=$XAU:GLD&p=W&b=5&g=0&id=p79257666210

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rffrydr · Posted: Thu Sep 15, 2011 8:06 am Post subject:

The trend is your friend:

http://stockcharts.com/h-sc/ui?s=$HUI:GLD&p=D&b=5&g=0&id=p90779978884
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rffrydr · Posted: Fri Sep 09, 2011 7:53 am Post subject:

China's gold exchange kicking into gear--with a few twists on the notion of what is a derative:

PAGE will allow individuals to buy physical gold from their computer at home. Initially, the 200 million or so clients of Agriculture Bank of China will be able to buy 10-ounce mini contracts on the PAGE. Later, non-Chinese will be able to purchase International Spot Contracts through the exchange.

Ultimately, PAGE will provide an alternative playing field for global gold investors who hitherto have had to rely on unsecured gold futures contracts and the bullion banks to determine the price for gold. With PAGE, a gold buyer will be able to receive a 90-day International Spot Contract and actual title to the gold he/she buys, not just a futures contract or an unsecured note from a bullion bank, or an international banking institution. The PAGE gold’s in 10 ounce bars can be delivered to the customer with little effort. The international bullion banks, have been accused for years of manipulating the gold price. Such manipulation will now be more difficult.

PAGE could pose a challenge to the near monopoly on gold price discovery currently held by the members of the London Bullion Market Association (LBMA) that include many large banks....
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rffrydr · Posted: Tue Sep 06, 2011 6:56 pm Post subject:

In my email today: