Gold in US Dollars - recent history and near future
Gold tapered then pulled back from 6 month highs while the NASDAQ rebounded from a correction - coincidence? AUD Vantages anticipates the pull-back to continue to $1,250 USD within Q1.
Gold breaks out, means USD craters or something else is broken ...... looks like waiting for a close above, consolidate...then crisis is back .... options may be cheaper to play here
The gold market finished strong at the end of 2018. Based on the technical analysis, the market expects to continue the momentum. The GenXInvsting strategy has a long option open to target around $126 to capitalize on the momentum.
As the markets move into 2019, it appears that gold (GLD) is beginning to get its luster back.
Gold prices have risen since bottom in early October, as market volatility and macro issues continues to plague the financial markets.
With strong technical patterns also confirming investors' bullish sentiment on the commodity, our price target for GLD is at $126.11.
Expecting small correction in gold, ~2-4%. Same pattern on GC1!. I'd expect this pattern to resolve before the end of January.
GLD has pretty liquid options!
7 year to peak, 7 years to consolidate... 2019 should hit resistance and 3-7 years of blast off
buybacks went to the pockets of executives, lack of investment on human capital, Chaos for being so unprepared in most companies.. perhaps GE lights out, JC Penny, Sears and more failures to come in Loans and Credit
Time to pay the piper
Good day folks,
GLD faces resistance at 118 and the RSI suggests that it may cool down for a few days.
So I’m opening a small position in PUT GLD 2018DEC14 118.00
Thank you,
the higher volume bottom here with MA moving along to help support prices, looks like the USD may be dropping soon to push it higher or some more issues worldwide for this safety trade
I dont want to be pessimist, but this chart of gold, is making me scare about 2019-2020 scenario, in the bright side, maybe adding some gold ETF, But is look like spy is going no where and gold could have one of the biggest rally when have ever seen in 2019-2020, Long Gold from here. it could go 180 in 2020 thats like 52% return in two years, maybe crazy but...
Gold forming Ascending Triangle formation.
green square shows where pattern and bounce off .5 Fib might be mutually supportive.
I'm already long, but that is a point I'd consider buying if I had more fiat to allocate.
As the historical worst month in equities fast approaches, it may be time to consider hedging a portfolio with a commodity. Based on the near-term trend illustrated in the chart, combined with a rising MACD I believe GLD should be considered as an addition to a portfolio that may allow you to isolate yourself from a sell-off in the equity market.
Gold has been around for hundred trillion years. Quarter dollars will be made of 100% gold in the future.
Expect gold to go up and down in completely random fashion and then crash to pre YEAR 1800 levels of .25 peices made of gold. by 2030
large holders of gold i recommend
sell physical storehouses of gold till peoples back are breaking carrying tons of cash...
