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IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???

 
Punk-A$$ets
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05/27/2014 05:58 PM
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IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Any gold bugs left? I've been waiting in the wings for what seems like forever - waiting for this bear market in gold to get over and done with. With todays sell off we might be close to seeing new lows in gold.

Dont get me wrong, Im still looking for very high gold prices in the years to come but I still think we're going to see $1000 gold give or take 10%. $15 silver give or take 10%. I repeat, we have NEVER back tested the $1000 level in gold - yet.

There is an uncanny resemblance to the recent trade range in gold to the previous one. Broken link below.



finviz.com/futures_charts.ashx?t=GC&p=w1


Notice the $200 trade range between $1600 and $1800 lasted for more than a year before we got the washout. The current range of $1200 to $1400 is almost an exact copy for time and price range and with the breakdown today we should plunge once we break $1200 again. It would seem $1180 is as important now as $1530 was in the last flush.

If the current pattern holds, the final lows in gold wont come until later this year or very early next year.

Incidentally, Martin Armstrong has said Jan 2015 is an important turning point for gold and that gold would rally strongly after his next ECM change Oct 1st, 2015. In another writing he also said a low in gold in 2015/2016 would be perfect for a blistering rally in gold thereafter that takes it to new highs in 2017/2018.

Just touching base with any gold bugs that might be left. Hang in there. Our time is coming but patience is still required. Probably better to hold GLL or DUST for the time being. A monster trade in NUGT and JNUG is probably not too far off.

Last Edited by Punk-A$$ets on 05/27/2014 07:59 PM
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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05/27/2014 05:59 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
silvertards defendd 19$ level like chechnians. diehard silverbugs out there. is that China?
Punk-A$$ets  (OP)

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05/27/2014 06:10 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I had thought the double bottom idea for gold might play out but after today I dont think there is a chance in hell of that happening. I think months more downtrend is coming and then SWOOSH we head to new lows once we toy with $1180 again. Its hard for me to imagine silver not breaking to at least the high $16s when that happens but then again, I thought silver it would have broken down already.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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05/27/2014 06:13 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I think the FED is desperate.
Anonymous Coward
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05/27/2014 06:14 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
gold to 200
goodnews
Anonymous Coward
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05/27/2014 06:16 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
meanwhile...


Thread: UKRAINE/RUSSIA NEWS: Russian military drills begin near Ukraine day after militants announce 100k strong mobalisation!!!p.7387
Punk-A$$ets  (OP)

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05/27/2014 06:23 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
gold to 200
goodnews
 Quoting: Anonymous Coward 25723103


Why stop there? How about $20 or heck even $2? I could see $900 or even slightly lower based on the 1980 high retest but $200? Where would that number come from?
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

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05/27/2014 06:32 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???


I kinda hope wars are pushed back a year so gold doesnt get some fake bounce from the "fear trade". That way we ought to find its true bottom price faster. I'm looking for a nice risk free entry into gold and shares but I worry the war stuff is seriously distorting the markets.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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05/27/2014 06:34 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I hope it drops more because I'll go out and buy $100,000 dollars worth.
Anonymous Coward
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05/27/2014 06:34 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
5! Good thread!
Anonymous Coward
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05/27/2014 06:35 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
gold to 200
goodnews
 Quoting: Anonymous Coward 25723103


Why stop there? How about $20 or heck even $2? I could see $900 or even slightly lower based on the 1980 high retest but $200? Where would that number come from?
 Quoting: Punk-A$$ets


absolutely, barbaric relic is worthless
it's nice and shiny
does not do s#it

tounge
Anonymous Coward
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05/27/2014 06:42 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
#1 The Chinese own all the gold
#2 The prices are NY FIXED and London FIXED price.
#3 Let me know when it becomes the "Beijing Fixed" then we will see an increase.
Punk-A$$ets  (OP)

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05/27/2014 06:44 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
gold to 200
goodnews
 Quoting: Anonymous Coward 25723103


Why stop there? How about $20 or heck even $2? I could see $900 or even slightly lower based on the 1980 high retest but $200? Where would that number come from?
 Quoting: Punk-A$$ets


absolutely, barbaric relic is worthless
it's nice and shiny
does not do s#it

tounge
 Quoting: Anonymous Coward 25723103


Yes, but eons of cycles and price charts dont seem to care about that. So, here in reality I was looking for some kind of bonafide argument to back up a $200 price. So far, I got exactly as expected.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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05/27/2014 06:46 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Someday soon I hope; however until then the lower the price, the more I buy!

and I just bought some more silver yesterday.
Anonymous Coward
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05/27/2014 06:48 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
if the market crumbles i would expect gold (paper traded gold) to crumble with it...just like 08

but that would be the best opportunity in my opinion to buy the real physical stuff
Punk-A$$ets  (OP)

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05/27/2014 06:53 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
if the market crumbles i would expect gold (paper traded gold) to crumble with it...just like 08

but that would be the best opportunity in my opinion to buy the real physical stuff
 Quoting: Anonymous Coward 56811354


This is what I am leaning toward. Hoping for actually. I'm not looking for a major stock market crash but at some point there should be a serious broad market rout that takes it all down 10% - 20%. Just enough to throw the baby out with the bath water.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Punk-A$$ets  (OP)

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05/27/2014 07:06 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Someday soon I hope; however until then the lower the price, the more I buy!

and I just bought some more silver yesterday.
 Quoting: Sam-I-am


Life long stackers always have money.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Chugiakian

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05/27/2014 07:10 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
This is relevant.

Thread: DTCC Fraud Cover-up In Progress! - What’s The London Silver Fix, And Why’s It Going Away?
Chugiakian
WhatsItAllAbout Alfie

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05/27/2014 07:12 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Gold is beating the DOW so far as percentages go this year.
Anonymous Coward
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05/27/2014 07:13 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
yep last chance to load up on Dollars.



sheeplebahtard
Anonymous Coward
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05/27/2014 07:20 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
if you could really predict future prices by looking at graphs of old prices, wouldn't everybody be doing it? and all be zillionaires from the amazing predictive abilities?

5a
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05/27/2014 07:28 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
gold to 200
goodnews
 Quoting: Anonymous Coward 25723103


Why stop there? How about $20 or heck even $2? I could see $900 or even slightly lower based on the 1980 high retest but $200? Where would that number come from?
 Quoting: Punk-A$$ets


absolutely, barbaric relic is worthless
it's nice and shiny
does not do s#it

tounge
 Quoting: Anonymous Coward 25723103


a few thousand years of history says you are a moran of the 1st degree

those without any gold and silver, and paralyzed on making a move, are very transparent
Anonymous Coward
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05/27/2014 07:29 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
gold to 200
goodnews
 Quoting: Anonymous Coward 25723103


Why stop there? How about $20 or heck even $2? I could see $900 or even slightly lower based on the 1980 high retest but $200? Where would that number come from?
 Quoting: Punk-A$$ets


absolutely, barbaric relic is worthless
it's nice and shiny
does not do s#it

tounge
 Quoting: Anonymous Coward 25723103


a few thousand years of history says you are a moran of the 1st degree

those without any gold and silver, and paralyzed on making a move, are very transparent
 Quoting: Anonymous Coward 57855185


yawn
Punk-A$$ets  (OP)

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05/27/2014 07:35 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
if you could really predict future prices by looking at graphs of old prices, wouldn't everybody be doing it? and all be zillionaires from the amazing predictive abilities?

5a
 Quoting: Anonymous Coward 15254163


Putting company stocks aside for a second (because they can go bankrupt), what tangible item(s) is/are cheaper now than 100 years ago??? Isn't investing the point? Without an historical chart to track prices, how do you buy at the best price?

The USD is a good one off the top of my head. But then again thats why I like PMs and commodities. That said, I'm no dollar doomer. I'm not your average gold bug.

Last Edited by Punk-A$$ets on 05/27/2014 07:38 PM
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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Australia
05/27/2014 07:44 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Putting company stocks aside for a second (because they can go bankrupt), what tangible item(s) is/are cheaper now than 100 years ago???
 Quoting: Punk-A$$ets


computers!
No Dhimmi

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05/27/2014 07:47 PM

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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Thread: The Shocking Truth the History Channel Can't Broadcast
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to shoebat.com]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]
[link to www.answering-islam.org]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

Matthew 25:31-34
When the Son of man shall come in his glory, and all the holy angels with him, then shall he sit upon the throne of his glory: And before him shall be gathered all nations: and he shall separate them one from another, as a shepherd divideth his sheep from the goats: And he shall set the sheep on his right hand, but the goats on the left. Then shall the King say unto them on his right hand, Come, ye blessed of my Father, inherit the kingdom prepared for you from the foundation of the world:

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.

Democrats do and always have loved poor people. . . they continue to make so many of them.


Thread: You're Part of the War with Islam - Which side are you on?

“Accuse Your Enemy Of What You Are Doing, As You Are Doing It To Create Confusion” - Karl Marx (Common tool of the left)

Furthermore, I consider that islam must be destroyed.
No Dhimmi

User ID: 47032527
United States
05/27/2014 07:48 PM

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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Silver Coin

:Priceless:
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to shoebat.com]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]
[link to www.answering-islam.org]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

Matthew 25:31-34
When the Son of man shall come in his glory, and all the holy angels with him, then shall he sit upon the throne of his glory: And before him shall be gathered all nations: and he shall separate them one from another, as a shepherd divideth his sheep from the goats: And he shall set the sheep on his right hand, but the goats on the left. Then shall the King say unto them on his right hand, Come, ye blessed of my Father, inherit the kingdom prepared for you from the foundation of the world:

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.

Democrats do and always have loved poor people. . . they continue to make so many of them.


Thread: You're Part of the War with Islam - Which side are you on?

“Accuse Your Enemy Of What You Are Doing, As You Are Doing It To Create Confusion” - Karl Marx (Common tool of the left)

Furthermore, I consider that islam must be destroyed.
Punk-A$$ets  (OP)

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05/27/2014 07:49 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Putting company stocks aside for a second (because they can go bankrupt), what tangible item(s) is/are cheaper now than 100 years ago???
 Quoting: Punk-A$$ets


computers!
 Quoting: Anonymous Coward 58572105


Touche. Comp tech def gets cheaper. I'm looking for things that are 100 years old though.

Last Edited by Punk-A$$ets on 05/27/2014 07:51 PM
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Derelict-Harlequin

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05/27/2014 07:52 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Demons/'aliens'/those who came before crave Gold.

It will never washout. Not as long as pyramids use it to reflect starlight into the batteries at Giza.
Choose one or ten
Anonymous Coward
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05/27/2014 11:37 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Demons/'aliens'/those who came before crave Gold.

It will never washout. Not as long as pyramids use it to reflect starlight into the batteries at Giza.
 Quoting: Derelict-Harlequin


wtfdid
Punk-A$$ets  (OP)

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06/04/2014 11:19 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
For anyone who cares MA is pretty much warning you for whats to come:

armstrongeconomics.com/2014/06/04/ecuador-goldman-gold/

A perfect retest for the 1980 gold high would be about $887. I can't imagine it getting that low but who the heck knows.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893





GLP