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AverageJoe

41,156 Posts.

1007

26/02/18

13:41

Post #: 31347355
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Originally posted by ourlady ↑

Sorry AJ, you try hard but the charts these days are pretty useless. Gold responds to what's going on, sentiment. I know I post up the plodalong chart but the reality atm is, Middle East Syria, tension also with China on South China Sea, Russia not playing to the yanks tune and South Korea also in the news over the weekend. Normal trading is back across the globe this week so we'll see the US$1360 tested later this week.

In my most humble opinion (as usual) Dear Bretheren.

Noted but lost track of someone last week here seeing the Image of God's Mother Mary in my pen name "Ourlady" . Having as a child being a very devout christian and contemplating the priesthood at one stage I thought, that as now a devout atheist it was a name, existing only (but prominently) in the minds, mine too, so thought a good sendup to the lies I consider fed to me as a kid. A bit like Santa really, get to 8 and its all fibs. Behind the school shelter sheds the truth came out.

However, its worth having the impossible as a goal, virginity is mine to try and ballance my very wild days of the past. My veggies love the crap too.

Off topic a bit but Ourlady's halo also looks very much like gold. In fact some of the past images are done in gold leaf. Valuable stuff gold.

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"Gold responds to what's going on, sentiment. "
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I am not sure what this means and if there is a more profound way of understanding price. Since economics and the economy are not static in nature, investors buy or sell not based on what is known now or yesterday BUT in anticipation of tomorrow onwards. The elasticity of price on anything is based on that sentiment of forward looking whether bullish/bearish.

If you are inferring physical gold has a guaranteed value that isn't elastic then maybe there is intrinsic real value of gold.

I've been tracking China50/HangSeng throughout the CNY festival and in theory will end this Friday and plenty of movement there right through from the start of the holiday. Their markets were not taking any break so I don't see how these alcohol recovering hang overs will suddenly move gold price.
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0 Great analysis

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