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Manual labourer

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About Manual labourer

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  1. Manual labourer

    GOLD

    I wonder if some chinese businessmen have been round there wig a bag full of paper dollars and made a bid for the redundant mine ! Regards ML
  2. Manual labourer

    GOLD

    When the price was 1800 I wished I had bought a lot more back in the 1000-1200 area,and told myself when it revisited that price range I would, I also predicted on Gei we would hit 1275 before 5000. Now we are back here at 1275 area I am struggling with buying more there is no logic in this other than fear of loss,however the nextime it is at 1800 the urge to buy more will be very strong but the statistical chance of loss on the purchase will far far higher!! I do now feel the big boys moving the market, whoever they maybe (Isuspect the chinese are hitting the paper market very hard ), have shaken the weak hands out of the game and will now trap the short side sellers with a swift move up! We shall see Regards ML
  3. Manual labourer

    GOLD

    I think we will see another big drop soon !
  4. Manual labourer

    GOLD

    Could it be the Chinese beating the price of the paper market down with the mountain of Dollars they own, whilst another arm takes delivery of physical at settlement dates, thus converting Paper Dollars for ounces of gold at market manipulated low price? Also if you could manipulate the price to below the price of production you could pick up the physical miners at very cheap prices again below true value? Just a thought, if I owned loads of Dollars and Dollar debt like the Chinese do, I would do this to insure against further QE by the Fed using this postion you could soon corner the physical market and the production market, then when you switched off your paper market beating machine you would be in a very strong position should the dollar go down and a gold back currency be wheeled out? Regards ML
  5. Manual labourer

    GOLD

    Cheap Gold http://www.bbc.co.uk/news/science-environment-22546875 Big hoover required Regards ML
  6. Manual labourer

    Cheap Gold?

    http://www.bbc.co.uk/news/science-environment-22546875 Hoovering Gold from the seabed? Regards ML
  7. Manual labourer

    GOLD

    Prepare for lift off!!
  8. Manual labourer

    GOLD

    Nice link GF, Just had a few if I coulda woulda shoulda if only moments !!!!! Regards ML
  9. Manual labourer

    GOLD

    Cheers ! ML
  10. Manual labourer

    GOLD

    Hi PD, how did you generate the lines? Are you advocating the middle line as the next target resistance area. If the bottom line is broken would this indicate the current uptrend is broken? Regards ML
  11. Manual labourer

    GOLD

    Goldfinger has been busy stacking it up !!
  12. Manual labourer

    GOLD

    Quite possible ? My worry here is the lack of volume on the daily chart for the up move over the last three days. Another hard push down wouldn't find much resistance. I suspect we will see a retest of the recent low this Friday when the paper contract buyers wont be be wanting to hold over the weekend! Whoever is hitting it hard has done a very good job . The bounce in price so far has been weak Regards ML
  13. Manual labourer

    GOLD

    i think we are singing from the same Hymm Sheet, a nice Doji is forming the daily chart, and we are sitting at an old support of 2011! Though I wouldn't liquidate here I wouldn't be shocked to see another run to fill up the long contract orders ? I do see this as a good buying op! ML
  14. Manual labourer

    GOLD

    I would rather buy gold at its most oversold position than its most overbought in the last fifty years!!!! I am not saying the bottom is in but it is a far better place TO BUY than back at $1850? ML "The price of gold is currently trading more than 4.5 standard deviations below its 50-day moving average, which clocks in at the most oversold reading since at least 1975. The chart below shows the daily overbought/oversold reading for gold based on the number of standard deviations it traded above or below its 50-day moving average. As shown, there have not been very many occurrences where the commodity traded more than 3.5 standard deviations below its 50-day moving average. In fact, there have only been ten."
  15. Manual labourer

    GOLD

    No better time to buy then? ML
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