Gold - Who Thinks It Will Not Go Higher

mark99

The gold price seems to be going down recently (last week). Now about £600/oz.

Is there anyone whom thinks it cannot do anything but go up over the next 12 months?

I know nothing about gold apart from seeing loads of tips suggesting it will go up, mostly citing the worst is yet to come with fiat currencies.

Rgds

Mark

dunstonh

Trying to predict the unpredictable is futile.

The minute you start seeing lots of tips telling you to buy, the contrary view should be taken more often than not.

gozomark

Is there anyone whom thinks it cannot do anything but go up over the next 12 months?

yes, but not me

Masomnia

Next bubble IMHO. And I reckon the man in the street will be worst hit as the professionals pile out first.

cloud_dog

Not wishing to be a Victor Meldrew but do we have to start a new Gold thread everythime someone thinks of a new question / opinion / information. I'll admit I'm a gold bug but surely we could have tagged this one on to the end of a previous discussion.

Perhaps the OP can rename the title to be 'Gold - Everything you wanted to know or ask' and then we can just add to the wealth of Gold knowledge or mystery, or conspiracy, or balderdash :-)

Cheers cloud_dog

thrupence

mark99 wrote: »

The gold price seems to be going down recently (last week). Now about £600/oz.

Is there anyone whom thinks it cannot do anything but go up over the next 12 months?

I know nothing about gold apart from seeing loads of tips suggesting it will go up, mostly citing the worst is yet to come with fiat currencies.

Rgds

Mark

The good thing about the gold price going down is that it offers you the opportunity to buy it more cheaply at a future stage.

But, clearly the conditions for a gold surge are not yet here.

Best thing to do is research what it is that causes the price of gold to rise and fall and then you'll be better placed to judge when to buy, when to hold and when to sell.

Buddy195

mark99 wrote: »

The gold price seems to be going down recently (last week). Now about £600/oz.

Is there anyone whom thinks it cannot do anything but go up over the next 12 months?

I know nothing about gold apart from seeing loads of tips suggesting it will go up, mostly citing the worst is yet to come with fiat currencies.

Rgds

Mark

Could say won't be massive falls. But have no idea how much further it'll rise if at all?

cloud_dog

Interesting article..............short term / long term view..........

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=78173&sn=Detail

cloud_dog

Decadent_Fool

My personal feeling would be it's going to fall, and significantly. It really wasn't that long ago that it was dirt cheap, and I suspect it'll go below $500 ultimately.

Just my feeling, and I expect to be totally wrong, but as I read on another post in another thread: "Better to be out of a deal wishing you were in, than in a deal wishing you were out"

gozomark

will the IMF sell their gold ?

cloud_dog

Decadent_Fool wrote: »

My personal feeling would be it's going to fall, and significantly. It really wasn't that long ago that it was dirt cheap, and I suspect it'll go below $500 ultimately.

I'm not sure the technicals support a retracement to $500 but............ I am by no means an expert.

My view..............I am expecting a pullback in the (very) near future, possibly already started, and probably linked to the confirmation of the US stimulous package - money will start to flow in to equities again (this is not to say equities will continue to rise) but................. longer term Q3 onwards I am expecting (hoping) for Au to rise again.

My only concern is figuring out my exit strategy.