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

 
Punk-A$$ets  (OP)

User ID: 30559668
United States
07/19/2014 08:13 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
The physical gold is for insurance and saving IMO. Although I do sell some at the peaks during a bull market and buy back on the corrections with a plan of net accumulation.

As for trading, I only play bounces from very oversold levels or short from very overbought levels. Easy peasy. I have no desire to gamble.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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United States
07/19/2014 08:17 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
As for trading, I only play bounces from very oversold levels or short from very overbought levels. Easy peasy. I have no desire to gamble.
 Quoting: Punk-A$$ets


Great way to get burned badly. Anyone who calls trading easy will lose a lot of money one day.
Punk-A$$ets  (OP)

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07/19/2014 08:19 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
As for trading, I only play bounces from very oversold levels or short from very overbought levels. Easy peasy. I have no desire to gamble.
 Quoting: Punk-A$$ets


Great way to get burned badly. Anyone who calls trading easy will lose a lot of money one day.
 Quoting: Anonymous Coward 51836056


I didnt mean trading was easy, just the plan.

Last Edited by Punk-A$$ets on 07/19/2014 08:20 AM
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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United States
07/19/2014 09:02 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I didnt mean trading was easy, just the plan.
 Quoting: Punk-A$$ets


When I said that I 'sell' that was of course trader's talk that means I actually bet against gold either by selling it short or buying an instrument that tracks gold inversely. Sitting around waiting to go long and bottoms and sell your long position at tops is a waste of time. And very few people are any good at calling tops and bottoms.
Punk-A$$ets  (OP)

User ID: 30559668
United States
07/19/2014 09:14 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I didnt mean trading was easy, just the plan.
 Quoting: Punk-A$$ets


When I said that I 'sell' that was of course trader's talk that means I actually bet against gold either by selling it short or buying an instrument that tracks gold inversely. Sitting around waiting to go long and bottoms and sell your long position at tops is a waste of time. And very few people are any good at calling tops and bottoms.
 Quoting: Anonymous Coward 51836056


We'll, thats exactly what I do and am doing pretty well at it. I am a trend follower, obviously. The recent rally from the end of the year to march and then the one from June till a week ago were huge profitable moves. I'd rather be in at close to the bottom as possible. Why wait until the rally is half done or worse, buy at the top? Maybe I dont understand your post but IMO patience is key for what I am doing. Admittingly I dont have the confidence to play inverse ETFs as much at the top because it scares me to be short a market that blasts off and gaps up like the miners have been doing.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 51836056
United States
07/19/2014 09:29 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Admittingly I dont have the confidence to play inverse ETFs as much at the top because it scares me to be short a market that blasts off and gaps up like the miners have been doing.
 Quoting: Punk-A$$ets


Trading equities is very dangerous due to the potential of large, daily gaps. If you are truly serious about trading you should consider moving on to Futures and also seeing if you can code an automatic trading system. By coding your system you can back test your ideas and see how they might have worked under a variety of market conditions. NinjaTrader is probably the best software to accomplish this. If you don't do these things you are asking to get crushed one day. It doesn't matter how well you have done so far.
Anonymous Coward
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07/19/2014 09:38 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
drop a zero of the price that is what they wish to revalue it to.
Anonymous Coward
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07/19/2014 09:46 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
It is magic, the more magical dollars they create (80-200 billion/month) the more value it has against a tangible asset as gold...
Anonymous Coward
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07/19/2014 09:51 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
5! Good thread!
 Quoting: Mountain Woman


Damn! Nice...headlights. :)
Anonymous Coward
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United States
07/19/2014 09:54 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
US controlled central banks are panicked big time with the formation of BRICS, they are making desperate attempts to washout gold and silver. BRICS member economies have treid to base themselves on gold and other tangibles not fiat. Other countries are excited at the prospect of allying with BRICS and seeing the end of the corrupt IMF.
Those who hold physical pms will hold the wealth my freind, stack away.

This is an interesting read concerning the BRICS

[link to goldsilverworlds.com]
Anonymous Coward
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07/19/2014 10:13 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Whenever gold finds the "right" price after the market price discovery events.

Unless you are a .01 %er , it will not matter. Gold could hit 79000 an ounce and anything you want to buy will no longer be available . Anything you do buy will be taxed , priced gouged or blackmarketed to the point that your purchasing power will be eroded by 99 % , thats being optimistic. Hint 79000 gold will get you 790 dollars worth of stuff in 2014 prices. LOL
Punk-A$$ets  (OP)

User ID: 30559668
United States
07/19/2014 10:31 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Admittingly I dont have the confidence to play inverse ETFs as much at the top because it scares me to be short a market that blasts off and gaps up like the miners have been doing.
 Quoting: Punk-A$$ets


Trading equities is very dangerous due to the potential of large, daily gaps. If you are truly serious about trading you should consider moving on to Futures and also seeing if you can code an automatic trading system. By coding your system you can back test your ideas and see how they might have worked under a variety of market conditions. NinjaTrader is probably the best software to accomplish this. If you don't do these things you are asking to get crushed one day. It doesn't matter how well you have done so far.
 Quoting: Anonymous Coward 51836056


I'll check it out, thanks.
Gold Prices:

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

User ID: 30559668
United States
07/19/2014 10:39 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Whenever gold finds the "right" price after the market price discovery events.

Unless you are a .01 %er , it will not matter. Gold could hit 79000 an ounce and anything you want to buy will no longer be available . Anything you do buy will be taxed , priced gouged or blackmarketed to the point that your purchasing power will be eroded by 99 % , thats being optimistic. Hint 79000 gold will get you 790 dollars worth of stuff in 2014 prices. LOL
 Quoting: Anonymous Coward 60378785


Based on what you said, imagine being in cash. I'd rather own something tangible. Some fully owned rental properties sounds pretty good.
Gold Prices:

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

User ID: 60435016
Thailand
07/19/2014 10:54 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
There is no way china is going to back its currency with gold. They have 10 times the amount of money in circulation as the US. And they are buying gold just to prop up the value of the yuan.
talkstory
Anonymous Coward
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07/19/2014 10:59 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Whenever gold finds the "right" price after the market price discovery events.

Unless you are a .01 %er , it will not matter. Gold could hit 79000 an ounce and anything you want to buy will no longer be available . Anything you do buy will be taxed , priced gouged or blackmarketed to the point that your purchasing power will be eroded by 99 % , thats being optimistic. Hint 79000 gold will get you 790 dollars worth of stuff in 2014 prices. LOL
 Quoting: Anonymous Coward 60378785


Based on what you said, imagine being in cash. I'd rather own something tangible. Some fully owned rental properties sounds pretty good.
 Quoting: Punk-A$$ets


came to the conclusion years ago after researching things , that even if I had a billion dollars , when a billion dollars was worth something. that i would have no clue what or where to spend it on in regards to survival crap. So fuck it while others were stuffing their bunkers in the 80's 90's and onward. I been having a rocking ass good time with models and bottles , could shit off today at midnight with no regrets and no whining. Laughing at the monkey's fretting over their vintage mre's , 2000 gallons of treated gasoline about to become useless and swearing while twisting a wrench on their bug out vehicles .
Anonymous Coward
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United States
07/19/2014 11:09 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
The opportunities for purchasing physical silver and gold are greater now than in the past few years. Keep buying. Keep stacking. A 400% gain in the next 12 -24 months is not a stretch of anyone’s imagination. First things first, however, and the first thing we need to see is a breakout of the current TR. There should be no hesitation, however, in the ongoing purchase of the physical metals. None.

It is not a question of an upside breakout for physical gold and silver. Rather, it is more a question of the ongoing breakdown and collapse of the Western banking system and fiat “dollar.” That process has been well on its way for several years. It does not happen overnight, until after one night when you wake up, and it will have already happened.

snippet from article i posted above, I think last Mondays drop was the us banks last ditch effort to shake the longs. Maybe more will come but their days are numbered.
Anonymous Coward
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United States
07/19/2014 11:10 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I'll check it out, thanks.
 Quoting: Punk-A$$ets


You're welcome. Just FYI...

Most traders are 'discretionary' traders who have a 'methodology' but who mistakenly believe they have a trading system. 95% of traders fall into this category and nearly all of them under perform or lose money in the end. Only system traders typically beat the market consistently. A system trader is a trader who has a 100% automated trading system. The reason system traders do so much better than discretionary traders who merely have a methodology is because system traders can test their systems many thousands of times, make changes and retest their systems many more thousands of times over a wide variety of markets and market conditions. They can also trade 24 hours per day or, in many cases, set their systems up to trade only intraday during the best possible trading hours for their particular system. They discover these best hours by back testing.
Anonymous Coward
User ID: 60378785
United States
07/19/2014 11:35 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
The opportunities for purchasing physical silver and gold are greater now than in the past few years. Keep buying. Keep stacking. A 400% gain in the next 12 -24 months is not a stretch of anyone’s imagination. First things first, however, and the first thing we need to see is a breakout of the current TR. There should be no hesitation, however, in the ongoing purchase of the physical metals. None.

It is not a question of an upside breakout for physical gold and silver. Rather, it is more a question of the ongoing breakdown and collapse of the Western banking system and fiat “dollar.” That process has been well on its way for several years. It does not happen overnight, until after one night when you wake up, and it will have already happened.

snippet from article i posted above, I think last Mondays drop was the us banks last ditch effort to shake the longs. Maybe more will come but their days are numbered.
 Quoting: Anonymous Coward 34567006


the 1979 high adjusted for inflation is 144 dollars

do your own math on that one
Anonymous Coward
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France
07/21/2014 12:05 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
I fully agree with
Punk-A$$ets  (OP)

User ID: 30559668
United States
07/26/2014 05:34 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Boring PM markets unless you've been shorting which I haven't. No mans land IMO. I got out of 3X miners weeks ago. Should have shorted them since but not enough balls.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
ac
User ID: 49477882
United States
07/26/2014 07:54 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Does anyone have any thoughts on what would happen to gold if
there is a global currency reset and the currencies are
backed by hard assets?
Punk-A$$ets  (OP)

User ID: 30559668
United States
08/01/2014 12:30 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Check out Martin Armstrongs new post about the current markets. Here is the snippet for gold:

"The closings for July were quite important in the long-run.Gold on a nearest futures basis closed July at 1281.30. Support during August will lie at the 124000 and resistance will form at 1285.00 on a closing basis with 1318.00 followed by 1350.00. We do not see a possible final low before Jan/Feb 2015. The uptrend line is about where the last lows were. This is typical and most standard chartists will see that break as bearish long-term. We need to break that support to see the towel thrown in by most. So we are still looking for a low under $1,000 and that could form as early as Jan/Feb. We will lay out the details going into September 2015 in the coming report."

6-7 months for THE possible low ladies and gentlemen. That aint too far off now.

rockon
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
User ID: 11259175
South Africa
08/01/2014 12:55 PM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
US controlled central banks are panicked big time with the formation of BRICS, they are making desperate attempts to washout gold and silver. BRICS member economies have treid to base themselves on gold and other tangibles not fiat. Other countries are excited at the prospect of allying with BRICS and seeing the end of the corrupt IMF.
Those who hold physical pms will hold the wealth my freind, stack away.

This is an interesting read concerning the BRICS

[link to goldsilverworlds.com]
 Quoting: Anonymous Coward 34567006



Don't kid yourself. US controlled central banks will confiscate your gold and they will enforce severe penalties should you not give up your gold.

Or did you seriously think your den of thieves will just go quietly into the night.
Punk-A$$ets  (OP)

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United States
08/02/2014 08:44 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Gold looks to be in a falling wedge pattern which to me seems extremely bullish. Sure doesnt look like its going to break down to me. Wouldnt in be something if that Polny guy is correct and gold breaks up out of that wedge like a bat out of hell?
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Carol B.
TRUMP!

User ID: 45126742
United States
08/02/2014 09:02 AM

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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
The physical gold is for insurance and saving IMO. Although I do sell some at the peaks during a bull market and buy back on the corrections with a plan of net accumulation.

As for trading, I only play bounces from very oversold levels or short from very overbought levels. Easy peasy. I have no desire to gamble.
 Quoting: Punk-A$$ets


Good to see you, Punk!

Yep, I agree with you.
Punk-A$$ets  (OP)

User ID: 30559668
United States
08/02/2014 09:16 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
The physical gold is for insurance and saving IMO. Although I do sell some at the peaks during a bull market and buy back on the corrections with a plan of net accumulation.

As for trading, I only play bounces from very oversold levels or short from very overbought levels. Easy peasy. I have no desire to gamble.
 Quoting: Punk-A$$ets


Good to see you, Punk!

Yep, I agree with you.
 Quoting: Carol B.


Good to see you too!

hf
Gold Prices:

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

User ID: 61079560
United States
08/02/2014 09:18 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
under 1000 gold and under 15 dollars silver is a buy oportunity

thats all
sheell be right mate
Punk-A$$ets  (OP)

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United States
08/02/2014 09:26 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
under 1000 gold and under 15 dollars silver is a buy oportunity

thats all
 Quoting: chowan


Problem is gold never does what its "supposed" to. I think that too and itd be right as rain for gold to just blast off to new highs when everyone least expects it.
Gold Prices:

12/31/2000 - $273
12/31/2010 - $1,421
12/31/2020 - $1,893
Anonymous Coward
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United States
08/02/2014 09:28 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
Gold and Silver are being caped at 1300 / 21 any sharp move higher the banker house of cards falls .
chowan

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08/02/2014 10:36 AM
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Re: IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
under 1000 gold and under 15 dollars silver is a buy oportunity

thats all
 Quoting: chowan


Problem is gold never does what its "supposed" to. I think that too and itd be right as rain for gold to just blast off to new highs when everyone least expects it.
 Quoting: Punk-A$$ets


thats true

i dont look to gold and silver for investment generally
just as insurance against inflation.

the recent highs pretty much put an end to my buying

beans,bullets and bandaids dont ya know

the important stuff
sheell be right mate





GLP