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  #1  
Old 05-22-2006, 04:06 AM
sfakhran sfakhran is offline
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Default Gold price is going down

Why the Gold price is collapsing, it reached 720$ then decreased to 643$ Today. Does the scenario continue in decreasing or what is happening
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Old 05-22-2006, 07:04 AM
delkulara delkulara is offline
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Aloha sfakhran
If you look at the DAILY 24hr graphs closley EACH DAY
you would notice the price moved upward & climbed up at a slower rate then it does as it drops.

lets take a look at todays chart:***it changed***
notice how the drop happens in dramatic falls and the climb back up is more like a staircase of small steps.
What this shows is SINGLE ENTITIES selling off large amounts
(notice the falls this morning between 1 and 3 hr on the chart stem from three to five large sell offs)
and many wise individuals buying it driving price back up.
(thus showing many small steps back up)

The individual entities are attempting to manipulate the market with there large sell offs,IMO this is an attempt to cause the weak of mind to follow suit in fear.One can easily see there attempt is futile for as they sell the wise individuals have used this window of opportunity and buy at the lowered price.

What these large entities do not factor in is that human beings have reached levels of education once only held by the elite,as individuals become wiser,they are taught the ways of the miser(those that hold vast amounts of gold)and by emulating the misers ways the "power moves to the people" as savings & holdings mentality on a much smaller scale than the LARGE misers greed based control mentality.

My take on things is BUY gold as a nest egg ,(wise)
or wear others eggs thrown(sell offs) at ones face. (mistake)

Peace and Aloha
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Behold
A wise man does not need to be told
or be bold to know
to keep & hold the oldest of metals,
foldable while cold.
The metal called gold.
In so many fascinating forms & molds it is sold.

Last edited by delkulara : 05-23-2006 at 06:57 AM.
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Old 05-23-2006, 06:54 AM
delkulara delkulara is offline
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I need to note that I should not cut and paste the daily chart (it changes daily duh!)
instead I shall upload a snapshot from my computer.

Today some one bought a megaload at hr#4 changing the price UPWARD from 653 to 659 in what looks to me as one buy.
may23.jpg
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Behold
A wise man does not need to be told
or be bold to know
to keep & hold the oldest of metals,
foldable while cold.
The metal called gold.
In so many fascinating forms & molds it is sold.
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  #4  
Old 05-23-2006, 07:22 AM
GoldNugget GoldNugget is offline
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I noticed silver was up 35 cents in an instant around the same time.
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Old 05-23-2006, 07:42 AM
GoldNugget GoldNugget is offline
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Quote:
Originally Posted by sfakhran
Why the Gold price is collapsing, it reached 720$ then decreased to 643$ Today. Does the scenario continue in decreasing or what is happening

I expect the gold price to fall as low as $550 to $600 but it may not get that far. However, when it does bottom it will quickly run back up to $730 and higher.

I expect the gold price will bottom in late May early June.

Check out http://www.netcastdaily.com/fsnewshour.htm

The first and 3rd hour are always very good. The first hour talks about what is happening with the gold price, and suggests this may be the last great buying opportunity.

I highly recommend listening to this radio show every weekend.

Last edited by GoldNugget : 05-23-2006 at 09:46 PM.
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  #6  
Old 05-23-2006, 12:56 PM
delkulara delkulara is offline
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Aloha GoldNugget
The radio show sounds interesting,I shall give it a listen,but the link is not working?
I think you just need to remove the l from [.html]at the end of the link to make it work,so others can get to it.

Quote:
I expect the gold price to fall as low as $550 to $600 but it may not get that far. However, when it does bottom it will quickly run back up to $730 and higher.
Sounds like a wise insight & I really like to see your words along with the articles you post,I can see your mind is equal to or greater than the writers of the articles you post.

Peace & everyone HAVE FUN! on the rollercoaster we are currently all on.
I am
__________________
Behold
A wise man does not need to be told
or be bold to know
to keep & hold the oldest of metals,
foldable while cold.
The metal called gold.
In so many fascinating forms & molds it is sold.
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