Anyone Buying Gold Here

Sort by newest Sort by date
Re: Market Outlook

I continue to dollar cost average into two ETFs - GDXJ and GFI. I use them as a place to store cash. No intention of making any money on them for several years forward.
 
Re: Market Outlook

Gold sentiment is very bearish - probably a sign that the lows are in, or close to being in.

061413a.gif
 
Re: Market Outlook

Basically, the lower the sentiment, the more likely these folks don't own gold (either sold or never owned). The lower it goes, the fewer people that are left to sell. Theoretically, if everyone was bearish on gold, it means there would only be one place for it to go since there would be no one left to sell.

Sentiment in a contrarian indicator when at extremes, and this chart indicates a pretty bearish extreme reading - which is bullish.
 
Re: Market Outlook

tsptalk said:
Basically, the lower the sentiment, the more likely these folks don't own gold (either sold or never owned). The lower it goes, the fewer people that are left to sell. Theoretically, if everyone was bearish on gold, it means there would only be one place for it to go since there would be no one left to sell.

Sentiment in a contrarian indicator when at extremes, and this chart indicates a pretty bearish extreme reading - which is bullish.
Click to expand...

think the fed sold all that gold back when it was 1800 and now slowly buying it back, setting up for a market crash? Feel like a conspiracy to me.
 
Yeah, it broke below a triple bottom. Kind of a surprise - or a "fake out"? Also a surprise to see gold, stocks, and bonds all down sharply.
 
tsptalk said:
Yeah, it broke below a triple bottom. Kind of a surprise - or a "fake out"? Also a surprise to see gold, stocks, and bonds all down sharply.
Click to expand...

One of those 3 has to be a fake out I would think. I can't imagine the whole world moving to cash right now.
 
silver is the buy not gold. maximize the leverage. junk silver, kenndy's, silver rounds, and canadian silver coins
 
I believe you can make money in this sector when three things happen: When it's cheap, hated, and starting an uptrend.

I think we're getting close to the "puking" stage. It's becoming so hated that it's being dumped at any cost (or loss).

Watch for a wash-out bottom to form, and then an uptrend to begin. This could take weeks, maybe months, but could be a good place to begin nibbling for some very good gains.
 
Ken had to start his own thread, he is so special... ;)

$1,200 was my number to look for. I wasn't expecting gold to lose 1/3 of its value so fast...

I may have to consider some actual gold if it stays down here for a little while. Might dabble in GLD too :D
 
RealMoneyIssues said:
Ken had to start his own thread, he is so special... ;)

$1,200 was my number to look for. I wasn't expecting gold to lose 1/3 of its value so fast...

I may have to consider some actual gold if it stays down here for a little while. Might dabble in GLD too :D
Click to expand...

I hadn't seen this or I would not have posted another thread. Can't post in my own account talk bcause it was closed. :D
 
You must log in or register to reply here.

Similar threads

NewsFeeder
Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates
Replies
0
Views
128
NewsFeeder
NewsFeeder
tsptalk
  • Article Article
Stocks rally on tariff exemptions
Replies
0
Views
98
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Back to back rallies into today's CPI inflation data
Replies
0
Views
588
tsptalk
tsptalk
tsptalk
  • Article Article
Big gains but also a big negative reversal
Replies
0
Views
107
tsptalk
tsptalk
JTH
  • Article Article
S&P 500: Week-9
Replies
0
Views
101
JTH
JTH
Back
Top