Friday and The Doctor Is In
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Doc and Gary seem to be on the same page currently. Rally up to ~$1320 then grind lower into at least May. Gold rally in May/June/July? An exact date would be nice. lol
As far as gigged markets. Where there seems to be obvious rigging/abuse, regardless of the impact of small vs. big money, there should be an attempt to make the markets more fair. If that means curtailing high frequency trading, then do it!
this reaction is not about the nfp report, which was mediocre.
this is simply sell in april and go away
tax time is coming, take some profit, sell the big winners.
gold is in no mans land
BOYS BY MAN GOLD CAN GO UP CRAZY ANYTIME BY CAREFUL !
get yourself a good 1982 vintage and toast to today – the day stocks finally crashed and burned and fell back to earth and the day gold finally turned the corner
can we quote you on that………….?
1982 vintage ! A wonderful year ! yeas you can quote me FRANKY !
First of all, I can’t afford to drink a good 1982 vintage.
Secondly, maybe but I don’t think so quite just yet!
come on Al,,,,,Irish told me , he sent you two cases last week…….
I am curious what the opinion among the group is regarding staying in current positions and not attempting to pick a bottom in Gold in Silver due to volitility or do they feel we should hit a downside mark of at least 1250 therefore sell on Monday-Tuesday next week and buy after a certain downside trigger?
Also….what effect do the reports of countries like Iran, China, Japan etc buying gold (and perhaps the release of restrictions in India) have on the future market. Can the powers that be still push gold down if world damand is high?
Finally…what do they all target for year end price? Two year price in Gold in Silver.
No pressure.
Do you or have you worked for goldman?
Goldman:
I just buy physical gold on a regular basis (using Gary/Rick/Doc information as a way to time my purchases … thanks guys !)
I loaded up on CEF, PHYS, PSLV at the beginning of the year. So, I will not be selling now to buy back for a 2-3 % drop. However, I do have stop limits in case the prices of gold and silver drop below $1200/$18.50.
The international shenanigans and manipulations are irrelevant to me. There is just too much to track and worry about. I view the price of gold/silver as a local issue (relative to US inflation and the dollar).
For long term (2-5 years), all I really want is for the gold/silver yearly gains to be in the 7-10% range. Again, it is just too much work (and anxiety-producing) to try to predict anything long term.
Yes you can quote me on that!
dont be convinced gold has to have more downside.
things turn and when they do most people are caught off guard
that just may be todays price action
I agree with that. Gold has been declining for so long that it is about time for the trend to change. I just don’t get why the experts always say a correction would be healthy and gold will look better if it goes down as it will come back strong. I don’t see how an asset looks better if it is going down in price. Look how the general market has been going up since 2009 with only minor corrections.
when momentum stocks reverse everyone heads for the exit at the same time.
the stock boys will try to convince you to buy the dip as usual,
and fade the gold rally
I say time to crush the race!!!
cool is the way
people are about to learn just because you have a website doesnt make you a tech company and fonzie just jumped the shark!
O’Reilly….no comment.
I’ll take 1320 and the short for $200 Doc.