Thread: Anyone Buying Gold Here

Gold is down $31 on Fed minutes over taper talk, but the chart has been pointing down for some time. Currently ~ 1243, I can see 1075 as a eventual downside target if it's current H&S breaks down, which intraday, it has.

I'm watching, not buying-yet. don't own any whatsoever-yet. diversification-still working that part out, may move an ancient small ira into a pm ira at some point this next year.

Inflation will return at some point so buying gold when it's no longer liked will eventually be very profitable once again. I nibble on GDXJ and GFI.

"What is hard to find is the type of investor who has the guts to take advantage of these opportunities. You're either a contrarian or you're a victim."

The Greatest Opportunity in 30 Years | Jeff Clark | Safehaven.com

Im waiting for under $900

I'm afraid Hell will burn out before you see $900 again - but you're welcomed to wait.

I don't know. There could be a emotional sell-off once they start tapering QE, but it will be a good buying opp. in my opinion. As I said in a previous post, 1075 looks like the initial H&S target and if the fear kicks in $900 is not out of the question, but I don't know if I'd wait that long.

From the folks who gave us that 1928-1929 / 2013-2014 market chart comparison, they are doing something similar with gold and the 2006-2009 market chart.

Gold is Following in Stock Market's 2009 Footsteps - Free Weekly Technical Analysis Chart - McClellan Financial




Just reporting. Don't shoot the messenger.

Originally Posted by tsptalk

From the folks who gave us that 1928-1929 / 2013-2014 market chart comparison, they are doing something similar with gold and the 2006-2009 market chart.

Gold is Following in Stock Market's 2009 Footsteps - Free Weekly Technical Analysis Chart - McClellan Financial




Just reporting. Don't shoot the messenger.

Where's my gun?

All joking aside, that is a purdy steep cliff that gold's been going down. If nothing else, we're seeing a dead cat bounce. My gut instinct is that we're at or near the lows for a while. Good time to take a speculative position, IMHO.

I'm looking to add to my gold positions next week when I earn more margin. The question at hand is do we think there will ever be any inflation again - well certainly. The Fed is counting on it. I've got plenty of time to wait.

A nice little breakout in gold and gold miners this morning. Looks good, but those gaps will probably want to get filled before too much more upside.