Why does Rick have such a low number for a potential bottom in gold?
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What chart our you looking at? As of 12;22 (ET) gold is unchanged. I’ll give another star if gold closes green at the end of the day. Happy?
You guys are funny but if you have to……check out KITCO’S KCAST.
Download it for live price action on your computer…….and adjust it to the 15 second feed for the live spot price.
You are an idiot
Yep!
YOU’RE MAD……………LOL!!!!!!!!!!!!!
AS YOU SAW…………..GOLD traded BIG in the over night hours as well as silver………GOLD HIT $1194…….AND SILVER HIT A HIGH OF $1703……….so stay tuned!
Unless Rick wants everyone to short gold, 817 target means nothing. We are living in an inflation world, in which large amount money have been and will be created. Time is on the long side.
what if the gold miners have really good margins first quarter even if the gold price goes down…
thanks
NUMB ER ……….no new number needed.
YOU FOOLS DON’T KNOW MY METHOD OF ANALYSIS AND ALGORITHMS…………..AND YOU ARE MAD…………LOL !!!!!!!
OPTION EXPIRY……….MARCH 26 …….
IF YOU NOTE………I SAID THAT THERE WILL BE SOME BEAR DAYS THIS WEEK AND MAR 26 MAYBE ONE OF THEM…….BUT ON FRIDAY, THE NEXT DAY IT WILL BE UP……….NEXT WEEK……DOWN.
..IF , gold breaks 1000…….then short.
******** THAT MAKES THREE DAYS IN A ROW THAT I HAVE BEEN RIGHT ABOUT GOLD ********
More predictions to follow………………….LOL !!!!!!!!!!!!!
I just need it to break $1200 so I can pull a 10% profit in NUGT.
Don’t worry……..it will break $1200.
Mark…May I please borrow your crystal ball when you are finished with it …Thanks.
Funny.
Rick,
Thanks for the explanation today.
Rick & Doc
thanks too for the much needed explanation! Great questions Doc.
********* WELL…….GOLD is about to close………..and it’s going to close up! ***********
**************** At 1:30 EST gold closed up $1192 ****************
…………..oh, and YES, it’s going to continue to RISE in the after market!
If you want to gloat, why not gloat just once? You’re stinking up the comment board. If this weren’t a site I know and value, you would turn me off of it.
Close?!? lol Trades 24/5 1/2.
$800 would cause a lot of mine closures.
I got Mickey Fulps email yesterday saying that is exactly what the industry needs.
Should deflation continue, I see no reason gold wouldn’t drop with everything else.
But then I prefer the argument that gold merely moves with everything else. Martin Armstrong.
That of course preserves purchasing power, which is all its supposed to do, and its a lot more convenient to store than oil lumber or wheat.
To drive the price up, I think we need something to happen, everyone’s hopeful black swan maybe.
As far as supply and demand goes, we don’t know supply, so, so much for that equation.
Something to happen? Something like central banks printing money like there is no tomorrow. Is it happening?
You may say that is not enough, but we used to say it was. Yes it is enough, just give it time.
I understand Lawrence, but for now paper controls the physical price, we also do not know available physical supply.
A swan happening could be gold included as part of multiple currencies backing the sdr for example.
Something will happen eventually, but until then, paper controls the price.
But when it breaks, we will not know until it is too late.
Well, for a believer that’s the reason you buy a little on a regular basis, precisely because we don’t know which way the price is going and when.
An accumulator really could care less which way the price moves, he has no intention of selling. Until it goes parabolic anyway?
A trader can use technicals or whatever other method he has for predicting the future, two entirely different things.
I do still think the money printing is enough, should be anyway. But we are witnessing things that should be or should not be happening, happen on a regular basis now.
The elites have convinced a lot of people, common senses don’t work anymore. It won’t for a while but eventually natural rule of supply and demand will overwhelm intervention. The means they use require them to sacrifice something to gain some but their means is limited compared to unlimited time. I don’t think it takes too much longer since things go extreme.
rick is right like when he said late last year that usd was gonna strengthen.Gold has to go down further in this first round and target imo is between $700 – $800.You rock rick 🙂 JMHO
***** THE UNITED STATES NOW ESTABLISHES ITSELF AS “THE WORLDS GREATEST ASS KISSER”……….NOW BEGGING TO JOIN CHINA INTERNATIONAL AIIB BANK *****
https://www.youtube.com/watch?v=-xjjRs-KoW4
The SDR reconfiguration that is coming is the only change.
America does not kiss ass,they fund them,take everything they own and then install a new regime if it is not going swimmingly as per the plan.
To date,America still thinks their nuclear arsenal and war agenda rules the globe.
In reality,they will destroy everything that stands in their way,in the name of freedom,of course.
http://rt.com/business/243301-us-aiib-partnership-support/
You mean in the name of their continued weekend golf outings as well as the safety of pretty sweet sally, still safe and sound at home when they get back home!
$700 gold based on a 100:1 paper to gold theft system.
Great call. Support the entire destruction of the gold industry so you can make a few bucks. Quite a calling.
The US is pretty much cooked if they don’t go with the rest of the world. It’s just the stupid asses in congress that are holding up/ tearing down the United States.
True story!
A = 1794, B = 1179, C = 1433 D = 817or so.
Midpoint P = 1121,40.
Bounced from Nov 2014 but a little above.
I am guessing that is it goes under 1121 it’s over! As Rick usually says it’s a practical certainty then if you go below Point P at 1121.40.
Closing basis for 2 weeks so maybe that would allow small moves under 1121 then Rick?
Are you sure it has really been pounding on 1121.40? The low so far is at 1130 on stockcharts and there is no other low under $1140, not yet, with two lows around $1141 and the next one up was $1167.
On the other hand, $10 is not much when you are considering a -$620 move I guess on the AB and CD legs and the lows at $1130-1140ish do stretch over 5 months. Actually, if gold follows the sideways to down gentle sinking feeling of the last 1.5 years, it would go under $1120.
The highs of the rallies since August 2013 have been about $50 lower each time and the lows stepped down from $1180 to $1130 so $1080 would not be out of order. However, an ABCD pattern would be very asymmetrical in time terms with the AB leg being about 9 months and the CD leg being something like 2 years – but perhaps that doesn’t matter.
So it is kind of in the balance, I guess.
http://stockcharts.com/freecharts/gallery.html?s=%24GOLD
WELL, WELL,WELL………IT’S TUESDAY, AND GOLD IS UP…….ANOTHER CORRECT PREDICTION………………..NOW WHAT DO THE NAYSAYERS HAVE TO SAY NOW ?????