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Gold going up this year?
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baseerahmed
Master |
19-Feb-2009 23:16
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cheongwee, excellent, prudent and balanced posts ... really enjoyed them .. your sincerity shines through ... may u find great fortune .... good luck from all of us .  |
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cheongwee
Elite |
19-Feb-2009 17:34
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I think i will not call to buy gold and silver relate investmemt anymore...I dont want to be the cause of your downfall..yes it is risky..if happen to me when gold was at 700..it go down to 500..too long to tell here. Stay with blues chips...those brave guy buying Kepland and properties counter are buying value..i believe in not far distance future these ppl will be laughing all the way to the bank...i believe properties will see their all time high and in fact i guess new all time high. Good luck..keep buying blues.. |
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cheongwee
Elite |
19-Feb-2009 17:28
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Alway buy up...ave up..it a better choice...you know when to stop.i.e.when px reverse...but to ave down will be risky..it got no bottom.. AND ALWAYS DO THIS WITH BLUES CHIP ONLY, not any other countersI would NOT suggest GOLD AND SILVER.. why all of a sudden change of call...because i find ppl here are more cautious and value invester..not high risk avert type like me.. Gold and silver stock are volatile,,,worse than physical..just stay with physical or better still unit trust will do well. In fact some gold and silver stock are empty shell..just like Jade or centillion and the like... |
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cheongwee
Elite |
19-Feb-2009 13:59
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Always invest with what you can afford to lose....dont over stretch yourself...thinking it is profitable.. so long we are not greedy and nimble we wont dies so fast... i am more risk avert... |
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cheongwee
Elite |
19-Feb-2009 13:50
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Here is our rough projection for the future. Look for the market to make a final pullback before the most exciting phase begins. The moving averages are starting to align and in a few months should provide a solid base near $850. This market is just months away from an explosion to new all time highs. $2,300 is our target by year-end 2010. http://www.kitco.com/ind/Trendsman/feb132009.html This guy is as crazier as me...my target $2200..by 2010...his $2300 by 2010...slight difference. yes...pull back to 850...according to so and so ..analysis..TA or ???anything ...they are right in a way . BUT Do we have any back up plan if gold dont want to visit $ 850 ever again....and go parabolic.. I buy in trench,,that work well for me since back 2000... At kitco, there are lot of crazy contributor...like David Nicholas, Richard Russell, Chris Laird...so and so...they make different call..got some even said gold going to crash soon...if you listen to them and sell then at 900 you be kicking your ass....we got to do DYODD and stick to your gun and live by our own action.. Just think ...no doubt it is good to listen to so call expert and have second opinion...but have u ask yourself...if expert are so good...they should be buying big time themselve...not telling ppl when to buy..some are even selling book...you know what....that is their job...that is how some of them make their living...like stock analyst who make call ...do they buy themselve...just ask??? Way back i buy more at 973 for that month after reading David Nicholas said gold abt to soar and break all new time high...What happen next???it went now back to 740..anyway i buy month to month..just that i buy more for that month.. That is the advantage of cost ave...there are true in this...personnal experience.. Since nobody can be sure of the top or bottom..see the bigger picture and buy time to time is the best safe guard...if gold really visit 850 again...alot of guy here who say buy at this 850...will they buy then???...they will think twice...because they will say wait for 650.. Forever waiting ...I thnk EW are more accurate....and we are at the beginning of large wave three...still early..DYODD..immediate target is 1550..but correction along..nothing go up in straight line..but the bigger picture is UPUPUPUPUP....see chart...from 2000 it is virtually a 45 degree up..compare to DOW..if you buy in trench...you never lose... going forward..if you start now are you going to benefit..i dont know..you believe in chart...and i have one for you..you DYODD and live with your decision...your $...one picture is worth thousand of word..but can the gold bull sustain for the next 1 to 2 year??? that is the point i am on the lookout,,,if fundamental change.. i be selling..i dont fell in love with silver and gold...but wiht current economic criese it seen like it will ... If you think buy one short at 850..think again..yours plan may misfire..what if after 850 it go below 500 and stay there for the next 20 yrs...like 1980???850 to 255.. BUy in trench the best for anything at the moment... 
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baseerahmed
Master |
19-Feb-2009 11:32
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Gold, Silver, & Crude Oil Commodity Conclusion: In short all three commodities look ready to move lower as the short term underlying technical’s are bearish. I would like to note that gold generally is a leading indicator for other commodities which you can see going back to the 1970’s. And with any luck we will see rising price across the board in the next few months. For those of you looking to go long gold, silver or oil, I think waiting for some type of pullback is needed. The keys to successful trading are knowledge, discipline, and patience. If you have the knowledge of how the market works, the best way to achieve discipline and patience is to do your home work and stick with your action plan. Don’t carry a losing position if it goes beyond your exit point. Exit and find a fresh trade with lots of opportunity. http://www.thegoldandoilguy.com/GoldBullMarketCorrectionFeb17.php Here is our rough projection for the future. Look for the market to make a final pullback before the most exciting phase begins. The moving averages are starting to align and in a few months should provide a solid base near $850. This market is just months away from an explosion to new all time highs. $2,300 is our target by year-end 2010. http://www.kitco.com/ind/Trendsman/feb132009.html ( from Gold is over bought now! by richtan ......tks richtan ! ) ------------------------------------------------ my muses were actually in response to the above articles .... hey, what's wrong with having some fun along the way ...while still keeping caveat emptor in mind .... hahaha ! *wink * |
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cheongwee
Elite |
19-Feb-2009 02:26
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The year is 2000 and you post in this forum....are you crazy gold is $1000!!!by 2008 in respond to my post.....gold was $255 in 2000...and now it is really 1000..in March 08... Now are we or they crazy???......you say...like u say oil was 147...now a mere 34..it is crazy so will be gold...it will go to 2200...by 2010 was my guess work...DYODD.. and after it burst...$50 per oz...then u say the same thing all over again...the most important thing is .. what am i doing now to profit from this craziness!!!!PROFIT...yes is what we are afterall...then why are you and i here for??? to show off what counter make us $???..NO?...to share..NO?..then to PROFIT...NO?...then what??? |
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cheongwee
Elite |
19-Feb-2009 02:16
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Well...if you say so, then it must be so.....good luck... I will stick to my gun..
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baseerahmed
Master |
19-Feb-2009 00:14
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$2200 in 2010 ......? isn't this a bit crazy ....? .....out of proportion .... ? how much will a bottle of 1 litre water cost then ..... ? well .... looks like anything can happen .... we live in a mad mad world .....and the wild wild west must be getting wilder ..... hahaha ! oil was cranked up to $150 before dropping it to today's level of $35.... perhaps to shore up the sub-prime problem .....now , if they are cranking up gold ..... what have they up their sleeves ....? hope someone calls 'the king is naked ' .... and restores sanity ......instead of playing all these games ......hahaha ! till then .....small fries like us have no choice but follow the saying ... ' when in Rome do as Romans do ' , i suppose .... hahaha ! |
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cheongwee
Elite |
18-Feb-2009 11:29
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There maybe a 2 correction of some 8%..that what i read from other forum expert..and there is true in them...as i have follow them for sometimes....pls DYODD...they are not God..this is just for extra info..just watch closely..take care..good luck | ||
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ozone2002
Supreme |
18-Feb-2009 09:10
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hovering around the overbought levels.. may want to take some profit.. |
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baseerahmed
Master |
18-Feb-2009 01:03
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just in case ...you can draw trendlines on bigcharts.com  |
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cheongwee
Elite |
18-Feb-2009 00:51
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Are You Ready....$2200...by 2010!!!        
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baseerahmed
Master |
18-Feb-2009 00:46
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Hi Luostock , .. u are right .. yahoo does not allow drawing of trendlines ... I just screen captured the chart from yahoo, pasted on Paint and drew the trendlines .... ... an after thought, ...the resistance line could have been made a bit more tighter .. a sad thing about yahoo chart is that sometimes for long term charts it is not up to date... sometimes back, could get the GLD chart in Chartnexus but its not available now ...sigh .... have to look for the gold charts all over the place .. livecharts.com , bigchart.com etc .... |
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cheongwee
Elite |
18-Feb-2009 00:45
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Gold on launch pad....10 9 8 7 6 5 4 3 2 1 0..FIRE..
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cheongwee
Elite |
18-Feb-2009 00:40
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Go Silver Go... 
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cheongwee
Elite |
18-Feb-2009 00:37
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SILVER TO THE MOON....
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Luostock
Senior |
18-Feb-2009 00:12
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Hi Baseer, looks like you are using yahoo charting. How come you are able to draw the trendlines ? I thought yahoo chart does not allow user to draw their own lines. | ||
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baseerahmed
Master |
17-Feb-2009 22:44
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 caveat emptor -- chart by novice |
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HLJHLJ
Veteran |
17-Feb-2009 21:43
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congrats! You are doing very well. Must learn from you. Lately i'm not active as market is no good and busy with work. Will ride the equity later on when bull starts. Might take a few yrs. Regarding gold, great run today! I was surprised. If economy is still in doldrum, right that gold might be a way to go. Hoping for a pulling back before i ever consider.
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