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It is easier said than done to trade around you position each time there is whipsaw action. You have to be right not just once but twice - on both the selling and the rebuying.

 

CS, you are right, it has been a very up and down year. The markets are reflecting an almost Trapist faith in government policy despite the evidence before their eyes- and they call *us* goldbugs!

 

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6 days between posts on the Gold thread....

 

 

It's time for tumbleweed

 

Lot of the gold bulls have been saying many of the same things over and over, so I reckon there becomes little left to say about the "to da moon" predictions until it swings violently up.

 

Meanwhile others don't trade(or sweat) the daily, monthly, seasonal moves, we just hold.

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I am still thinking that a LOW is being put in on Gold

 

 

Sidewinding Gold - is still winding sideways (after all these months) ... update

 

gld.gif

 

With More lines

gld.gif

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Meaning ? A LOW in relation to the channel

 

You will want to be holding some Gold if/when your currency is "in a currency war", and crashing, like the yen...

 

Yen hits near three-year low as new Bank of Japan governor eyed

Reuters - ‎1 hour ago‎

By Marc Jones. LONDON | Wed Feb 6, 2013

LONDON (Reuters) - The yen fell close to a three-year low on Wednesday on expectations that a new Bank of Japan governor could ease policy, while the euro was steady and European shares ...

 

 

Meantime, Gold-in-Yen keeps climbing

 

goldinyen.png

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I agree - another few weeks in this range and the MAs will all be aligned.

 

Would be good to see Gold POP THROUGH above $1695, then retest,

Before dragging the MAs up behind it to much higher levels and new highs.

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Casual interest in gold is dead as a dodo.

Kitco traffic is down 65% since peak.

 

http://www.alexa.com...einfo/kitco.com

 

I don' know about others but I don't often visit Kitco anymore, I think interest in that has probably waned due to lack of credibility of Jon Nadler.

 

On the other hand Jim Sinclair's JSmineset might be of interest in terms of sentiment;

 

Here's traffic to JSmineset with the price of gold alongside (GLD);

 

H1Imd_zpsf13d9900.png

 

and combined;

 

Combi_zps80ef7e91.png

 

Note that I have taken care to exactly align the date scales of each chart.

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http://news.goldseek.../1360674000.php

 

End Currency Wars With Gold Standard? –Bloomberg Interview and FT Op-ed

 

 

The benefit of the gold standard was that there was a fixed exchange rate.

 

...by using a gold standard and that having it fixed exchange rates, the certainty would increase global trade and overall global production.

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Gold sentiment very low according to www.sentimentrader.com;

 

GS_zps3f206cd2.png

 

Thanks for that, PD.

 

It certainly LOOKS like it ought to be a buying opportunity

It also shows how patience pays, and it is worthwhile to wait for sentiment to fall to these sort of Low levels

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