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Re: Gold

By: Decomposed in ROUND | Recommend this post (0)
Thu, 26 Jan 12 12:02 AM | 34 view(s)
Boardmark this board | De's Test Board 		Msg. 38382 of 45651
(This msg. is a reply to 38381 by Decomposed)
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My December 29th post to meme begins with:

"Although I've read that gold could go as low as $1,450 without it actually constituting a breakdown of support (hence, I'm not nervous about $1,530), I don't think that's going to happen. I think this is likely an end-of-the-year selloff (to offset other losses), and that there will be a major recovery in the first week of January. Weird happens between December 20 and January 10 of MOST years." 

Well?? How was my call? (Gold is now over $1,700, though the graph doesn't show it.)

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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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Gold
By: Decomposed in ROUND
Wed, 25 Jan 12 11:55 PM 		Msg. 38381 of 45651

Remember how, a short time ago, gold was under $1,550 and I was already pointing out that $1,450 was VERY strong support? (Here is one such post, by me on Dec 29th. #msg-676563 )

Gold didn't go THAT low, of course.

But it was sure a great buying opportunity. I hope a few here were able to take advantage of it.

I don't want today's move to pass without some recogniation. Gold just topped $1,700 again. It looks like smooth sailing all the way to $2,000. 


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