Gold Through $960!

westy69

so are the funds like the blackrock gold fund going to follow the same trends as gold? sorry not going to but in peoples opinions are they likely to?

TRUSt_NO_1_2

john_kane wrote: »

thats why i hope we see $1 rise a day. this will always mean that there will be no speculative bubble for much longer than if we see gold shoot up to $1200 then potentially a big sell off back down to these levels, because thats how some big players in this game, ibanks, will make a lot more money. obviously $1 a day will never happen, but i want the volatility out of this market, but i imagine that'll only happen when a couple of years after the bubble has burst (when gold hits the $2k mark or so) many years down the line.

all imo

john

The volatilty will probably get worse.There are institutions (US gov,UK gov.,IMF) who don't want gold to go up in price.They want to keep investors on Wall Street and FTSE not commodity exchanges such as the TSX or ASX.
Also manipulating the gold price up and down to take advantage of the gold mining shares on the TSX and ASX is happening on a daily basis.Sharp drops or upward surges just before the TSX opens or immediately after are commonplace.Over night drops on the Asian market is another favourite,where 12 months ago nothing used to happen overnight.

purch

They want to keep investors on Wall Street and FTSE

Watch out Trust..............THEY are out to get you :eek:

mr_fishbulb

Blast. Almost doing quite well again and then drop

mr_fishbulb

Awww crap

wombat42_2

mr_fishbulb wrote: »

Awww crap

Chill out matey. Gold is still up 30% over the last year. There is still most likely a long term bullish trend. Its just that gold is ultra volatile.

Browntrout_2

$700 here we come woohooo



maybe $999 + as well though a bit later....

purch

Its just that gold is ultra volatile

Commodities are particularly volatile because most of the activity occurs in leveraged futures markets.

To profit in these markets you need good money control discipline and a strong awareness of support and resistance chart levels.

After watching and trading commodities you learn that it is safer to buy following price setbacks than to pay up, even when there appears to be a strong trend.