Gold to bounce soon?

Discussion of the Gold portion of the Permanent Portfolio

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pugchief
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Gold to bounce soon?

Post by pugchief » Thu Jul 05, 2018 12:39 pm

Technically, gold is massively oversold. It has dropped from $1,360 to $1,240 an ounce since mid-April. By all conventional technical measures, it is due for a bounce.

Seasonally, gold tends to fare best between July and October. If you want to bet on the yellow metal, this is the time of the year to do it.

Finally, sentiment toward gold is near a 10-year low.

The latest data from the Commodity Futures Trading Commission shows that money managers are net short gold futures for one of the few times in more than a decade.

And when money managers have been short gold in the past, it returned an average of 13.4% over the following three months.

None of these factors alone are enough to tip the scales in favor of gold. But taken together, they offer a robust risk-versus-reward trade.
The whole article here: https://libertythroughwealth.com/2018/0 ... into-gold/
Warning: The author is negative on gold in general and says so in the article.
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dualstow
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Re: Gold to bounce soon?

Post by dualstow » Thu Jul 05, 2018 1:22 pm

This is for people getting in and out of gold, right? Not real investors.
(article author) If you want to bet on the yellow metal,
And look to ride it until the gold price hits $1,370.
Anyone else following the Sarah Jeong case?
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ochotona
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Re: Gold to bounce soon?

Post by ochotona » Sun Aug 12, 2018 7:41 am

I think I'll take another look at accumulating GLDM after about 5 or 6 months have passed since the price slide started mid-April 2018. Maybe wait until after the FOMC meeting in late September.
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dualstow
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Re: Gold to bounce soon?

Post by dualstow » Sun Aug 12, 2018 11:06 am

No rush here.
Anyone else following the Sarah Jeong case?
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ochotona
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Re: Gold to bounce soon?

Post by ochotona » Mon Aug 13, 2018 5:08 am

As long as the US Dollar is climbing, gold is falling. The Turkey thing is killing gold as people swarm out of the Euro.
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buddtholomew
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Re: Gold to bounce soon?

Post by buddtholomew » Mon Aug 13, 2018 11:21 am

Everything kills gold...
Calling @tech, what is your take on the recent plunge?
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Cortopassi
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Re: Gold to bounce soon?

Post by Cortopassi » Mon Aug 13, 2018 3:58 pm

For the first time in a long time, I have not looked at my accounts since Friday.

Until now.

Woo hoo, back up the truck, buying opportunity. What's the icon for sarcasm?
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dualstow
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Re: Gold to bounce soon?

Post by dualstow » Mon Aug 13, 2018 6:33 pm

Cortopassi wrote:
Mon Aug 13, 2018 3:58 pm
Woo hoo, back up the truck, buying opportunity. What's the icon for sarcasm?
https://goo.gl/images/9tvhZF
Anyone else following the Sarah Jeong case?
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