Atilla
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I'm not bitter about anything and gold at $1450 wouldn't bother me at all, but nice try at making this personal.
"In the absence of wars or dollar demise I wouldn't speculate on gold going up by much at all. "
Yes, and in the absence of technological advancement I wouldn't speculate on tech stocks going up by much at all. There wasn't much technological advancement last month but I've got a good feeling about next week...
As for the dollar...Do you think there was any dollar demising going on last week? What about next week? Do you think there will be any dollar demisement between September and December this year?
I think the Central planners will adopt a sound money policy for a couple of months and that will push gold down to its previous support level, by that time the economy will tip back into recession in which case the Central planners will put the monetary pedal to the metal and begin dollar demisement again. That will see gold move up to its previous high, but they will adaopt a sound money policy before gold breaks out to a new high, so be careful.
Looking at a 10minute gold chart for this week it looks like a good scalping opportunity on the long side if war breaks out...somewhere...
I wouldn't base my gold trades off 10min charts thanks Mr Angry.
You should be very careful with your investments as you see - Central Planners will soon be raising more taxation, maintaining negative rates of interest and raising inflation, which will really help stabilise debts to managable proportions and then gold may even test $1000.
Stay Calm and Carry On - just isn't you dear NT.
Get Angry and Do Your Worst - suits you sir!
Now I know what to get you for Xmas