Hi Guys, I really hope all the panic selling, profit taking...

Hi Guys,

I really hope all the panic selling, profit taking event is done for now.
Build a nice base around 25-26 and then march slowly upwards....not too fast.
Any sort of vertical rise does not last.
Last years decline a solid base at 19-20c. Gold price USD 1160+-,
This year decline so far 25-26c . Gold price USD 1235+-
I hope that is the bottom for this downturn.

It all depends on the gold price now. So the rate rise from FED is almost certain.
The only question remains if that is priced in the gold price.( which I think it is from FRIDAY night reversal)
@Newbegining would have a  better idea about the gold price movement.

If it is then gold should stabilise here and stay here ,can't see it spiking higher in the face of the threat of rate rise and the US Debt ceiling crisis sometime in mid March. From memory in 2013 debt ceiling crisis gold did not perform very well.
The gold gurus keep on saying too much debt in the world, gold should explode. Not yet.

I just want a USD 1250-1300 or AUD 1600-1650 gold price. I am okay with it, as it will ensure all my miners will make good money at that level. If it ever happens 1400-1500.....I will be only be too happy.
Listening to Cliff High form WEBBOT, some nonsense.....he is predicting $600/oz silver and $4500-4800/oz gold.  Where do these people get the numbers and and.....13500 for 1 Bitcoin.  I listen to these gold and silver gurus for pure entertainment. If one follows them blindly will go broke sooner rather than later.

All the best.


P.S- Name of this thread is very fitting I guess, as it will allow everyone to contribute on MOY fundamentals/technical and much more importantly GOLD price fundamentals/technical. One thread makes life easier to go back and forth to dig information. Thanks.