pixi
Education

Is Gold in bubble ?

FX:XAUUSD   Gold Spot / U.S. Dollar
2878 42 79
hi,
This is not a chart for trading or to get entry/exit levels.

I remember in 2010 when newspapers/ news on television were beginning to focus on gold             price (media attention).
From this point, i tried to find if gold             have real similitudes before and after with a classic bubble. Obviously, it does.

This is theorical and not a trade plan.

Comments are really welcome but, please, avoid this kind of comments : "do it in log scale, you'll see the difference" or "The system is collapsing and gold             can't go back as low as 600$, because gold             is THE money" ;)
Comment: Just a thought.
The return to normal is maybe higher


This kind of news could help to see $800 in near future : http://www.dnaindia.com/scitech/report-new-faster-method-cuts-gold-extraction-cost-by-40-per-cent-2406589
Gold going up is not greed its an indicator of publics lack of confidence in the governments across globe......and people want to store value in tangible assets like xau,xag and fine art
thats the reason DOW keeps going up as there is no other place to park money
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Thanks for sharing.... If you insert the "gold miners' cost" into your chart, that would give the complete picture.
+1 Reply
My long-term plot is 5months old
Short-term speculations few weeks old
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Mike Maloney is laughing all the way to the bank
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Thanks for sharing your work. Would starting after the "Nixon shock" be a good point to gather data? Being that it was illegal for citizens to hold gold until after around 1973 or so.
+1 Reply
the bubble will break..i am with u till 850$
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albertwt akhil1206
Akhil, Why do you think Gold price will be bearish all the way down to sub USD $1000 ?
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akhil1206 albertwt
61.8% retracement frm 253 to 1923 is around abt 890 ..it will be thr or thr abt....
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I posted this a couple of weeks below. Not to sabotage the new bull rally for gold bags but for the same sake you did - to spark a conversation. The chart you see here is a half-baked idea. If you click on the chart and go into the post, there is another one, further developed, which resembles yours but with more of a technical case behind it.

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pixi VirtualFax
thanks for sharing. Done a similar chart too, 5 months ago, quite the same as your
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