Gold, Oil & Indices (Equity & Bond Indices)

Anyone can have an opinion. And everyone can be right!

The main difference is the time horizon. An hour, 2-3 days or 2-3 weeks. It could jolly well go down and then head northwards towards 1400. Then, your speculation is both correct.

We're not here to proof we're smart but anyone who can think out of the box with a contribution is worthwhile sharing.

Let's listen to the fundamentals, look at the technicals, define your if-then-else strategy and be patient till the market opens. There's always a market waiting for us! Good luck.

The one at the helm of the Fed has been given the printing press and he vowed to throw as many notes as possible from his helicopter if he has a chance. Would u be holding on to your dollars? Would the Fed allow the necessary deflation and recession to take place? I guess the answer is no. They will continue to reach out for Heli Ben's printing press until we run out of trees. Speculate in this manner and u will not go wrong. We cant eat gold but with hamburgers costing US$50 each, we still can have the purchasing power to afford the burger if we have gold (as we can exchange our gold readily to fiat money as and when we like). Gold is money for 5000 years (even before Jesus's first coming). Paper is has been our currency since 1971. It doesnt even have 40 years of history.

God bless.

You cant eat Gold, to buy food you need money, to get money you have to sell gold.

Good luck out there

1040 is to low for the mean time but a pullback is likely

Speaking with my technical (or really price action) hat on again:
The bullish daily pin bar for gold the other day "correctly predicted" the subsequent rise above 1200.
Friday's daily bar is a little ambiguous I think, but I expect at most a small pullback or retrace, before another sharp rise, perhaps to 1226-1227, before any significant fall. The foregoing is all without any fundamentals thoughts whatsoever, but if the rush to safe havens is still on, that is also supportive.

Perhaps it is true that no one has any cash to buy it at the moment, but if they really want to, they will somehow :-)