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Gold going up this year?
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zhuge_liang
Supreme |
21-May-2008 23:33
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Well, time will tell whether I'm correct. I was calling for a buy around US$850. It rebounded from US$845. "I am looking at US$935-US$940 for nearby resistance After that, we will be looking at US$950-US$955," said Adrian Koh, an analyst at Philip Futures in Singapore. "Technically, it looks gold and platinum could go up some more." If (gold) can hold this sort of US$915 level in the next couple of days, I would have thought it can push back up to US$950," said David Thurtell, analyst at BNP Paribas, who pegged support at the 50-day MA around US$912. "Gold could go back over $1,000, probably in Q3." "Gold prices above US$1,000 an ounce are sustainable because of strong consumer demand in Asia, with supplies remaining tight as higher costs force miners to scrap marginal projects, a Barrick Gold Corp executive said on Tue.
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winsontkl
Elite |
21-May-2008 08:52
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testing its US1000 level again soon...akan datang... | ||||
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ozone2002
Supreme |
21-May-2008 08:46
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still a lot of skeptics for gold.. this baby is long neglected..finally starting to move again people don't understand this as an inflation hedge... i'm waiting for the day when fools rush in...n cause a very steep spike in gold..tat will be the day i'll sell this... :)
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Hulumas
Supreme |
20-May-2008 11:36
Yells: "INVEST but not TRADE please!" |
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Dear Zhuge_Liang, No, I do not think so.
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ozone2002
Supreme |
20-May-2008 09:16
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finally not being neglected..some twits just don't get it..
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zhuge_liang
Supreme |
19-May-2008 20:55
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Gold has broken US$900 convincingly, next resistance is around US$925. With oil continuing to set new records, gold cannot stay down for long. US$1200-US$1500 may be possible next year. | ||||
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cheongwee
Elite |
17-May-2008 02:34
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There is a famous saying that go like this...invest 10% in gold and hope that nothing happen. This is like buying insurance. Nobody would in his right sense of mind buy fire insurance and hoping that his house is burn down. But i still think no apocalyse. But there is $ to make here also. |
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zhuge_liang
Supreme |
16-May-2008 23:05
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Next resistance is around US$900. If it doesn't break, then gold could be stuck in a 850-900 trading range. | ||||
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ace6868
Member |
16-May-2008 13:33
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We need the "Golden Lady" - Elf's assessment! | ||||
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ozone2002
Supreme |
16-May-2008 13:06
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this precious metal has been neglected.. | ||||
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zhuge_liang
Supreme |
10-May-2008 22:20
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Resistance for gold is around US$888. If it breaks upwards, the rally will continue. Platinum jumped to its best level in 2 weeks on Friday on speculative buying ahead of the launch of new platinum exchange-traded notes, while gold held near a 1-week high on a surging euro. The two ETNs -- UBS E-Tracs Long Platinum ETN and UBS E-Tracs Short Platinum ETN -- will start trading soon on the NYSE Arca platform. Dealers also reported platinum purchases in Japan, Europe and the United States as auto makers stocked up for their Q2 requirements, but the metal was still more than US$200 below a lifetime high of US$2,290 an ounce hit on Mar 4. But jewellery makers weren't buying because of the high prices, using recycled metal instead to meet demand, said Sonoda. Platinum's major industrial use is in catalysts, particularly in diesel catalysts, as it helps cleanse environmentally damaging exhaust fumes. It is also used in jewellery. |
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oceanblue
Senior |
09-May-2008 15:42
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Top gainer today. Is it on the uptrend? |
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cheongwee
Elite |
07-May-2008 19:16
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Chart tell rally to 890-900, but will retrace to 845, if break then 830 first level then 780.. Have call my friend in Dubai, he said fundamental no good, alot of liquidation. DYODD my friend is more inot fundamental, so far he is my guide, so far quite accurate DYODD. My post are for sharing not for trade, trade at your own risk. |
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cheongwee
Elite |
07-May-2008 15:28
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sorry typing error oil is just below 100...extra 1 zero...
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cheongwee
Elite |
07-May-2008 15:27
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I believe and i hope we see this px of 2000 in 2009, middle or the end of 2009. personnally vested alot of silver. 35% gold ,65% silver all physical...for pm But as of current, the dow look bullish.this will take a back seat.
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cheongwee
Elite |
07-May-2008 15:23
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Abv 930 bull abv 920 weak bull 890-920 neutral below 890 weak bear below880 bear still project a low of 770 this summer.DYODD..buy silver for max gain. With oil at this high , onli the $ can bring it down, and with people thinking oil is heading higher , they chase up the $ which in turn push down gold and eventually the px of oil. Oil will be just below 1000 if gold is 770..long term trend still bullish. |
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mike8057d
Veteran |
07-May-2008 14:53
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gold will go up..... | ||||
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elfinchilde
Elite |
07-May-2008 13:17
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lol. seems like a lot of the veterans here are loading up on gold. ;) markets appear to be topping out. be careful the rest of this week. a lot of the blues are overbought and coming down. it is more precisely a mixed market though, because some of hte second liners are actually going up. |
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ozone2002
Supreme |
07-May-2008 08:58
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GLD no US$2000 no sell! keke | ||||
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Nostradamus
Supreme |
07-May-2008 00:53
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Oil futures blasted to a new record of US$122.47 on the New York Mercantile Exchange. Some analysts are already predicting that oil prices could rise to US$150 to US$200 within 2 years. So you can imagine what gold prices will be like if that happens. | ||||
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