16 Responses to “Gold at $1300 (Part 2: Technical Analysis 11-23-09)”

1. boptah
   November 23rd, 2009 - 7:16 pm

   the next few months should be interesting.

   Reply

2. ewffaces7
   November 23rd, 2009 - 7:21 pm

   There will be no pullback at 1300 dollar.
   This is the second phase of the bull market.
   Second leg starts with an uptick larger than the first uptick in the first leg.
   I think we will go to 1470 dollar at least before consilidation.
   Support : 1150 dollar per oz

   Reply

3. bluecat1122
   November 23rd, 2009 - 7:22 pm

   I agree. The real point I was trying to make in this video was that big runs are possible in Gold as seen in the past on this chart, so $1300 imo should be the “least” before a good pull back. We’ll see I guess

   Reply

4. ewffaces7
   November 23rd, 2009 - 7:22 pm

   also notice that on the monthly chart silver is legging significantly.
   I expect the gold silver ratio to go to at least 47 before pull back of gold and silver

   Reply

5. bluecat1122
   November 23rd, 2009 - 7:23 pm

   I think you’re right. People forget we should already be at $2300 as well.

   Reply

6. BMWg84
   November 23rd, 2009 - 9:17 pm

   The more people talk about “there’s gonna be a pullback, there’s gonna be a pullback” I promise you it will keep defying logic & conventional wisdom. This has happened to me way too many times since January with my mining companies (and I sold too soon on them – still kicking myself). Just hold onto the bull and enjoy the ride!!

   Reply

7. askalikapadia
   November 23rd, 2009 - 10:03 pm

   what tools are you using to trade gold? are you trading ETFs? I am trying to figure online ways of trading gold other than ETFs or some reliable ETF

   thanks for sharing

   Reply

8. goscott4
   November 23rd, 2009 - 10:33 pm

   Pull back and take your profit?

   What if you only have a few 1oz gold coins, what would be the best way to do it?

   Reply

9. bjmccullough
   November 23rd, 2009 - 10:54 pm

   right on…go go gold!!!

   Reply

10. bluecat1122
    November 23rd, 2009 - 11:34 pm

    I’m in physical gold and silver. I only trade etf’s as swing trades now, and will sell if I think a dip is coming based on the charts, but not my physical which I don’t plan to sell, even on minor dips, not at this stage of the game. SLV and GLD are the two main ones that I know.

    Reply

11. bluecat1122
    November 23rd, 2009 - 11:38 pm

    I personally would hold them, that’s just me. I was referring to electronic trading, and/or if you have a lot of physical.

    Reply

12. askalikapadia
    November 23rd, 2009 - 11:58 pm

    thankyou for replying bluecat1122.

    physical is something im thinking about too. dont you think it will be hard to sell physical in case the prices take a big dip like they did in the 80s? i hope it is reasonable for me to speculate that before dedicating so much money. gold prices havent been so high recently, is it not natural to expect a big dip? also please let me know how you plan to sell it. thanks!

    Reply

13. ewffaces7
    November 24th, 2009 - 6:16 am

    I bought a silvermine junior. That is a bet and I hope one day I will be rewarded. ETFs are suppressing the goldprice. So before you play with etfs buy real gold and real silver in the firlst place and hide it (not in your bank !!!!!!)

    Trading is a buzzword of so called investors. Investing became gambling.

    As a bible believing christian you seek wisdom in the Lord first. Than you work to provide and save for your family.

    Don’t gamble.

    Reply

14. goscott4
    November 24th, 2009 - 12:23 pm

    @bluecat1122

    Thanks, that’s what I was planing to do, as my own personal information source has the next period of time starting on 4/13/13, and wrapping up by 9/2018 for what ever is going to happen!

    Reply

15. DaleElder11
    November 26th, 2009 - 3:40 am

    Thank you that was very good

    Reply

16. nocomprehendere
    November 29th, 2009 - 8:43 am

    You can do it!!!

    Reply

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