Thread: Anyone Buying Gold Here

Not for nothing but there's always a bullish article on gold to be found somewhere.

Soros is probably hedging those calls with a short sale somewhere else. You don't just go all in on a one side bet when you run a hedge fund.

Use ETF's with metals because with individual miners you're playing lotto. GDX and GDXJ at 60% of their 200 DMA show how out of favor they are with main street today.

Thought this article was good, gold based, but then gives a little insight on how money works, i.e. "Bank reserves are in effect embryonic money that hasn't been born yet."

CNBC Article - Full

Gold Dots seem to always hold their value and spike in certain situations.

Any thoughts on gold? Late spring is supposed to be the turning point for gold. It seems analysts are still waiting for something to happen.

New up phase for gold? - MarketWatch

I continue to dollar cost average into two ETFs - GDXJ and GFI. I use them as a place to store cash. No intention of making any money on them for several years forward.

Gold sentiment is very bearish - probably a sign that the lows are in, or close to being in.

Could you explain how you read those two charts and your analysis of them? Thanks.

Basically, the lower the sentiment, the more likely these folks don't own gold (either sold or never owned). The lower it goes, the fewer people that are left to sell. Theoretically, if everyone was bearish on gold, it means there would only be one place for it to go since there would be no one left to sell.

Sentiment in a contrarian indicator when at extremes, and this chart indicates a pretty bearish extreme reading - which is bullish.

Thank you for the analysis. It helped me make a decision.

Contrarian Gold Stocks 2 | Adam Hamilton | Safehaven.com

Originally Posted by tsptalk

Basically, the lower the sentiment, the more likely these folks don't own gold (either sold or never owned). The lower it goes, the fewer people that are left to sell. Theoretically, if everyone was bearish on gold, it means there would only be one place for it to go since there would be no one left to sell.

Sentiment in a contrarian indicator when at extremes, and this chart indicates a pretty bearish extreme reading - which is bullish.

think the fed sold all that gold back when it was 1800 and now slowly buying it back, setting up for a market crash? Feel like a conspiracy to me.