GOLD 0.51% $1,391.7 gold futures

us inflation figures out tonight, page-6

  1. 2,213 Posts.
    kalmsg,

    >>>Lets not kid ourselves, Gold has done nothing for months now, the danger is that if the USD goes down and gold goes up we will not do that well at all anyway<<

    LMAO, gold took-off from late August into December just like it does very year and then took a breather into late Jan/Feb again just as does every year and it has just broken out and you wanna sell.

    Mate I suggest you do yourself a favour and study not only the seasonal patterns of gold but also some chart trend lines and patterns on both the short/med and long term charts and then study some Elliott wave and then look at the fundamental situation facing the USD and study its chart patterns and trend lines and get back to me.

    As far as your comments on the USD I assume you are concerned with the AUD gold price?


    Mate just as I suggested that you go and study the USD and USD gold charts, go and study the AUD gold charts and for that matter ALL major currency gold charts and I think you will be in a position to make a better judgement on where gold is going in ALL currencies.

    A rising USD gold price DOES NOT automatically equate to a falling AUD gold price. It all depends on the degree of rise in gold relative to all currencies.
    In other words gold can, has in the past and will very soon rise against every currency simultaneously.

    In fact it is about to go parabolic in AUD,USD,GBP,JPY and everything else.

 
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