GLD USD
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-10.24
Gold going up this year?
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521-540 of 1037
It is just quite a common saying in Chinese. Crude way of interpretation is "the calculation of man cannot be better than the calculation of God". REN=Man, SHUAN=Calculate, predict, forecast. TIAN= Sky, heavens, Superior beings, Gods, and BU RU =Not better than.
My apology, let not tok religion anymore, i must respect other feeling...
but charity is in every religion teaching...cannot be wrong..
no...no...no...god will not interfere..this is the law of cause and effect...for mankind..he can easily stop WW1 and WW2...but god will not stop it..because this is the law..you do this, this is your due....only Lord Buddha is abv the law, even Him also will not interfere..
only if it stay abv 1050..then i am convince....hope so.
I think it literally means "man proposes and god disposes".
cheongwee ( Date: 03-Sep-2009 23:49) Posted:
| I am sorry, i dont understand chinese...what that means?thanks. |
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US CB still holding 8000 tons of gold in Fort Knox...that is why they smart they are not selling like the Europe..
how can BB stand up to Fort Knox...it just sell 100 ton today ..gold go back to 700..
Broke above the resistance line of a bullish contracting triangle:
richtan ( Date: 03-Sep-2009 23:43) Posted:
Ren Shuan Bu Ru Tian Shuan.
cheongwee ( Date: 03-Sep-2009 23:29) Posted:
the US int rate have near zero for far too long, those smart alex have been borrowing to punt in the global stock market run up since Mar this year...
U can imagime as the economy turn, the dollar strenghten, these guy will rush for the exit and buy up the $. causing it to surf sky high...these will cause gold to collapse...have not read abt the carry trade...it have been going on for some time...like the yen carry trade..
and not forgetting currency expert is at this point calling the $ way under value...u say...they print money, so it shd be weak, but those currencies which in which it is traded is far even worse....just ask whose economy fall the hardest...not the dow,,,the rest of the world....so the $ look better compare to the rest..thus the safe haven status..
and even if the economy take a hit, the dollar stregnthen , reason...safe have status again...did you notice , whenever makrt got hit..the dollar strengthen for awhile...where was gold??
dont mistaken , i am vested, but i thk the day for ppl to manipulate is up...but till now they still can influence the gold market...becuase CB still hold lot of gold...
if gold soar on the basic of weak dollar , it shd have do so long ago,,,why now???
i am watching ,it is interesting, whatever happen, so long it not below 400..i am safe..but i do hope it present me a chance to buy more before it soar again.....and remain there... |
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I am sorry, i dont understand chinese...what that means?thanks.
Ren Shuan Bu Ru Tian Shuan.cheongwee ( Date: 03-Sep-2009 23:29) Posted:
the US int rate have near zero for far too long, those smart alex have been borrowing to punt in the global stock market run up since Mar this year...
U can imagime as the economy turn, the dollar strenghten, these guy will rush for the exit and buy up the $. causing it to surf sky high...these will cause gold to collapse...have not read abt the carry trade...it have been going on for some time...like the yen carry trade..
and not forgetting currency expert is at this point calling the $ way under value...u say...they print money, so it shd be weak, but those currencies which in which it is traded is far even worse....just ask whose economy fall the hardest...not the dow,,,the rest of the world....so the $ look better compare to the rest..thus the safe haven status..
and even if the economy take a hit, the dollar stregnthen , reason...safe have status again...did you notice , whenever makrt got hit..the dollar strengthen for awhile...where was gold??
dont mistaken , i am vested, but i thk the day for ppl to manipulate is up...but till now they still can influence the gold market...becuase CB still hold lot of gold...
if gold soar on the basic of weak dollar , it shd have do so long ago,,,why now???
i am watching ,it is interesting, whatever happen, so long it not below 400..i am safe..but i do hope it present me a chance to buy more before it soar again.....and remain there... |
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the US int rate have near zero for far too long, those smart alex have been borrowing to punt in the global stock market run up since Mar this year...
U can imagime as the economy turn, the dollar strenghten, these guy will rush for the exit and buy up the $. causing it to surf sky high...these will cause gold to collapse...have not read abt the carry trade...it have been going on for some time...like the yen carry trade..
and not forgetting currency expert is at this point calling the $ way under value...u say...they print money, so it shd be weak, but those currencies which in which it is traded is far even worse....just ask whose economy fall the hardest...not the dow,,,the rest of the world....so the $ look better compare to the rest..thus the safe haven status..
and even if the economy take a hit, the dollar stregnthen , reason...safe have status again...did you notice , whenever makrt got hit..the dollar strengthen for awhile...where was gold??
dont mistaken , i am vested, but i thk the day for ppl to manipulate is up...but till now they still can influence the gold market...becuase CB still hold lot of gold...
if gold soar on the basic of weak dollar , it shd have do so long ago,,,why now???
i am watching ,it is interesting, whatever happen, so long it not below 400..i am safe..but i do hope it present me a chance to buy more before it soar again.....and remain there...
It does look like a handle, not only tat, the left side is a bullish flag continuation pattern.
But nothing in live is guaranteed, likewise, TA is not infallible, so dyodd n BOSAYOR.
cheongwee ( Date: 03-Sep-2009 18:48) Posted:
| but on second look the handle is not convincing , right!! |
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but on second look the handle is not convincing , right!!
wish you are right, i am more than happy...vested alot here...
richtan ( Date: 03-Sep-2009 18:41) Posted:
From:
http://www.thegoldandoilguy.com/articles/how-to-swing-day-trade-and-swing-trade-gld-spot-gold/
Why is gold not in a reverse H & S pattern? Because a reverse H & S pattern is just that, it means the price will reverse from the previous trend. A reverse H & S happens after a downtrend, which forms a bottom and the trend is not moving higher.
Gold has been moving higher, which you can see in 2007 and this large pattern is more like a Cup & Handle pattern – extremely bullish.
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From:
http://www.thegoldandoilguy.com/articles/how-to-swing-day-trade-and-swing-trade-gld-spot-gold/
Why is gold not in a reverse H & S pattern? Because a reverse H & S pattern is just that, it means the price will reverse from the previous trend. A reverse H & S happens after a downtrend, which forms a bottom and the trend is not moving higher.
Gold has been moving higher, which you can see in 2007 and this large pattern is more like a Cup & Handle pattern – extremely bullish.
gold is known to be manipulated by invisible hand...so at time, CB want to rise $$$..because of the economy...they will play trick to push up gold price to rise $$$..and sell ...so all these media is actually proganda...news will come out and said..".gold is glittering again this and that...the px is wah..so high.."..when u see like something this, u better take it with a spinch of salt...
because the gold markt is small some 500b only...so it is easy play by BB...so pls take care... ..
below it wat i read ...not my thought..
if u must buy...buy time to time..buy slowly..or better still..wait for it to come down...pls dyodd..it may not, but i thk it will....i believe when those stimulus fr all CB work into the system, will send gold higher in the near future...
like eating...dont put too much in your mouth at one go, u got choke, right???
Gold will correct big time if US$ strengthen...chances for the doaller to strengthen is great..
u read abt the dollar carry trade, didn't you???...imagine the hugh amount borrow to put into stock..during this global stock mrket run up fr Apr till nw...
either way the dolar will strengthen . ..it is right now consider way oversold by expert...not me...hehehe
1).if stock collapse , US$ will be safe haven, why not gold...it is easily acceptable than gold, it is the resever currency..you dont need a vault..u can transport it any where in the world electronincally..
2)if economy really on the mend , the $ also strengthen, cause those who use the $ for carry trade will buy back $ and cover fast to cover the prevent big losses...will send the $ soaring and gold to collapse...i dont know how much , but it is alot...you know those smart alex...they borrow for free...(almost zero int) to punt on the market...
personnally vested alot here...since 2003......pls dyodd.
timimg indicator show a fully compressed (coiled)Gold Market, which tel us that a BIG move up or down ,is imminent..here is what you shd be looking out for??
if close below 925,the price will drop to 872 quickly, if close below 872, price could collapse to 700.
On the upside , if close abv 975, thelikelihoodof a break abv 1000 is high.If it is close abv 1015,then it will likely hit 1300 by yr end or Q1 2010..
taken fr....Gains Pains and Capital..
my personnal guess is this.....stock to take a beating in autumn, dollar will soar, both will force gold to collapse..pls dyodd...
lookin at an entry in gold
