Gold Club Asia Forums

Go Back   Gold Club Asia Forums > Gold Club Asia > Precious Metals - Gold & Silver

Reply
 
Thread Tools Display Modes
  #351  
Old 16-08-2013, 09:31 PM
Ryoga2k's Avatar
Ryoga2k Ryoga2k is offline
Senior Member
 
Join Date: May 2013
Posts: 690
Default

Close at 23.8, calling it.

edit : crap

Last edited by Ryoga2k; 17-08-2013 at 07:43 AM.
Reply With Quote
  #352  
Old 16-08-2013, 10:56 PM
alor's Avatar
alor alor is offline
Senior Member
 
Join Date: Jan 2011
Location: Tomato Bridge
Posts: 3,305
Default always good to see the other side :)

Is Silver about to Drop 50% in the Next 6 Months?

http://www.24hgold.com/english/print...ewarticle=True

On January 9th 2012, I wrote an article called “Did the Silver bubble burst?” (Click HERE).
I then wrote an update in December 2012 (Click HERE).
Then exactly one month ago, I wrote yet another update (Click HERE) saying:

If the pattern holds (as it has done quite well), we could expect a rally into the $23-$24-area, followed by a plunge into the low $10-area by year end/early next year…

Well, with Silver now trading at $23, my target has been reached. It could go up another $1 or so, but if the Nasdaq History is any guide, the potential is minimal compared to the risk.



A 50% drop from now until early 2014 sounds impossible, but don’t underestimate market forces.
That actually fits with my price and time targets for gold to bottom in early 2014 around $978. If gold drops about $400 from the current levels (being about 30%), then silver could definitely fall 40-50%.
Suddenly everyone is calling for a bottom in Gold & Silver again. Please note that all those people have been completely wrong the last 2-3 years, so even though silver has come down to 18.50$, it doesn’t necessarily mean that this is the long term bottom.

In my opinion, we will only reach a LONG TERM bottom when the last so called “Experts” throw in the towel.
__________________
Hear Say See -> N o ! h i n g
silver is all about demand * gold is all about supply
holding gold & silver with purpose then the rest is just strategies
Reply With Quote
  #353  
Old 17-08-2013, 12:26 AM
moyyewhon moyyewhon is offline
Senior Member
 
Join Date: Dec 2011
Posts: 1,429
Default

http://www.zerohedge.com/print/477676

Published on Zero Hedge (http://www.zerohedge.com)
Home > JPMorgan Advises To... Buy Gold?
JPMorgan Advises To... Buy Gold?

By Tyler Durden
Created 08/16/2013 - 09:05
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 08/16/2013 09:05 -0400

China [2] India [3] Musical Chairs [4] None [5] Precious Metals [6] Price Action [7] World Gold Council [8]

With the ongoing musical chairs at the COMEX (focused on JPMorgan's volatile holdings [9]), the bank's precious metals team now sees a number of reasons to be long gold. Noting the market's shrugging off of Paulson's unwind ("delivering an exclamation mark to define the end of the fall in gold stocks"), JPMorgan (ironically) suggests the questionable price action in the paper markets in light of unprecedented physical demand combined with the seasonal positives [10] (and physical supply restrictions) all points to "getting long the gold space," with gold and silver miners offering value. The question remains, given that none of these are 'new' facts, why the change of heart now (especially as JPM is also buying)?
__________________
bitcoins are disruptive in nature, but banks are going to use it. So, my prediction is, the next industry to be UBER'ed will be gold...
Reply With Quote
  #354  
Old 17-08-2013, 07:35 AM
havefun havefun is offline
Senior Member
 
Join Date: Jun 2013
Posts: 384
Default

Silver move up almost 20% from the bottom over the last 2 weeks. If the big boy is determined to take out the 20% level (a big big ressistance level)with high volume, we will be officially in a bull market for silver......... Silver prospect will be looking better than gold. Technically speaking, see sign of short term reversal of trend as well, higher low + higher high....Too bad, I hold gold more than silver . Once the bull market start, it should be unstoppable theoritically speaking.......... Having said that, now is like 兵临城下, worth waiting to see if the big boy really has the determination to attack before i would follow.......... otherwise, here could be a good area for the big boy to short.

I would bet my $ on silver doing a Retracement as the price has gone up too quick n fast as opportunity to buy paper silver, before it resume it upward charge.....Just my 2 cents....
__________________
My struggling journey towards financial freedom....... Let's join forces here as retail investors, and stop the big boy, inflation, low financial IQ etc from taking more money from us.........

Last edited by havefun; 17-08-2013 at 07:40 AM.
Reply With Quote
  #355  
Old 19-08-2013, 09:45 AM
daniel.yrh's Avatar
daniel.yrh daniel.yrh is offline
Senior Member
 
Join Date: Apr 2013
Location: Certis Cisco safe deposit box
Posts: 1,924
Default

$1,380 and up! Go baby go! Show papa $1,400
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote
  #356  
Old 19-08-2013, 10:36 AM
freeier freeier is offline
Nosy Uncle
 
Join Date: May 2008
Location: On a small island
Posts: 2,330
Default pretty nice moves...

platinum is abit weak.. but gold and silver are showing off some moves...
Attached Images
File Type: jpg sg2013081937310.jpg (19.7 KB, 6 views)
File Type: jpg sg2013081937410.jpg (19.7 KB, 5 views)
File Type: jpg sg2013081937509.jpg (20.7 KB, 6 views)
Reply With Quote
  #357  
Old 19-08-2013, 11:35 AM
pika's Avatar
pika pika is offline
Senior Member
 
Join Date: Oct 2012
Posts: 1,259
Default

I doubt gold and silver will get past 1395 and 23.80 without letting out some hot air first. Strong overhead resistance. Low reward to risk ratio IMO.
Reply With Quote
  #358  
Old 19-08-2013, 11:51 AM
freeier freeier is offline
Nosy Uncle
 
Join Date: May 2008
Location: On a small island
Posts: 2,330
Default

Quote:
Originally Posted by pika View Post
I doubt gold and silver will get past 1395 and 23.80 without letting out some hot air first. Strong overhead resistance. Low reward to risk ratio IMO.
ya overhead alot of resistances... see how they go.. the short covering are going to kick in anyway
Reply With Quote
  #359  
Old 19-08-2013, 09:08 PM
alor's Avatar
alor alor is offline
Senior Member
 
Join Date: Jan 2011
Location: Tomato Bridge
Posts: 3,305
Default from Mr Gold

It will be the last chance you all have to buy physical gold at anything near these discounted gold prices.

Quote:
My Dear Extended Family,

What a mess Western inspired and conducted "Arab Spring" has brought on US interests.

China using the Northern Passage for shipping with the USA having no effective ice breakers is a major trade game changer.

Every weakness the West has economically and politically is being utilized to bring the BRICS into a position to float the new BRICs "Euro R4 standard currency."

Gold is for saving, Mr. Paulson, not the Big Kahuna speculation. Fiat currency is for transactions. Close that new gold swap you have, buy your full of bullion position back as bullion gold and double it in the next few weeks.

It will be the last chance you all have to buy physical gold at anything near these discounted gold prices.

Respectfully,
Jim
__________________
Hear Say See -> N o ! h i n g
silver is all about demand * gold is all about supply
holding gold & silver with purpose then the rest is just strategies
Reply With Quote
  #360  
Old 20-08-2013, 10:23 AM
oreka oreka is offline
Senior Member
 
Join Date: Jun 2009
Posts: 239
Default

Quote:
Originally Posted by pika View Post
I doubt gold and silver will get past 1395 and 23.80 without letting out some hot air first. Strong overhead resistance. Low reward to risk ratio IMO.
gold got August delivery month, so it may be difficult to get past 1400/=
normally price down b4 any delivery month. I target conservatively 1340 - 1350 b4 I buy somemore. (have to consider exchange rate as well).

silver delivery month is in September, so price wise not sure.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +8. The time now is 05:18 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.