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View Poll Results: Will gold price go up or down on Monday 15 Apr?
Yes going up to da moon!! 1 33.33%
No, going down for more buying opportunities 1 33.33%
I really really don't want to know! 1 33.33%
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  #1  
Old 14-04-2013, 10:52 AM
stektan stektan is offline
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Default Will the market go up or down on 15 Apr?

Alright I guys, take your bets.. Will the gold market go up or down on Monday 15 Apr?
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Old 14-04-2013, 10:57 AM
Altima Altima is offline
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Will drop some more cos I bought some.
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Old 14-04-2013, 10:59 AM
stektan stektan is offline
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Ha ha.. I always tell my supplier.. Every time I buy, the markets goes down. I think he may stop selling me soon!
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Old 14-04-2013, 11:08 AM
matthewchj matthewchj is offline
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Quote:
Originally Posted by Altima View Post
Will drop some more cos I bought some.
Same. It's a sign guys, every time I buy you should hold your purchases until a few days after me :P
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Old 14-04-2013, 11:15 AM
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anlok anlok is offline
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Same old statement for me. I never time the market. Buy when you think the price is right. I bought when the price was at 1700+ with GST, 1600+ with GST, 1500+ without GST & waiting for a deal to confirm today before buying again at 1400+ without GST

So all my timing wrong?

I used to buy at 300+, 500+, 700+, 900+, 1300+ & all with GST. Nobody knows the direction. You make some, you lose some.

If I managed to close my deal today & stack some, tomorrow even if price drop to 1300+, I'll still stack abit more. As long as budget allows.
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Last edited by anlok; 14-04-2013 at 11:18 AM.
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Old 14-04-2013, 11:17 AM
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pika pika is offline
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You should add one more option which I will choose:

I really don't know until it happens.

Nevertheless, I am more inclined to think some rebound is likely (maybe upt o 26.40?) given the sharp drop on Friday which may also have a "weekend" effect (reasons may be some traders don't want to leave their positions open and follow the crowd, algo trades knock on effect hitting stops, so forth).

The closing price I have is 25.92, which although is below 26, it is only 0.3% lower. This is not significant variance and I think this "ultimate" Support Zone is not breached convincingly yet. However, the psychological effect below a round number is strong and could trigger further selling in the week. I really don't know. Can only wait and see the price action before getting a feel of things.
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Old 14-04-2013, 11:19 AM
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anlok anlok is offline
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Quote:
Originally Posted by pika View Post
You should add one more option which I will choose:

I really don't know until it happens.
My exact sentiments
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