GOLD 0.51% $1,391.7 gold futures

I think you are overstating your point being missed wombat53 -...

  1. 9,759 Posts.
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    I think you are overstating your point being missed wombat53 - several people were posting about the 2011 downtrend being hit at the time. forged was one. v. there was one other who;s id i dont recall. i did.

    as i said 2 weeks ago - i think people focusing on usd gold price are lookign at the wrong chart.

    usd gold - now thats its priced where it is - direction is really more a symptom of currency crosses.

    I would focus on the usdjpy chart - whither that goes USD gold will follow imo.

    i do agree though the low risk place to be is in aud goldies if you are takign gold exposure.

    i;d find it impossible to buy gold directly on trading market exposures myself at this point - the potential for big vol moves knocking you out would be pretty big vs the return
    - which i think is precisely why the market makers call the shots on 24 hour gold moves as long as gold trend doesnt break

    i would buy physical though. in fact im just about to.
    Last edited by goldbear77: 28/09/16
 
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