Prophecy

I fully expect gold spot to follow a washing line curve but to say it's going to reset to the levels mentioned in this thread is just trolling. I hope it drops 20 maybe 30 % for a while so we can pick up more for less (as it did after 2011). I do hope no one in here is short-term trading it, if you are you aren't the smart money in the market. The only way for it to go permanently down to Wonger's predictions is if a gold meteorite gently lands in uninhabited lands or a mining company works out how to get to the gold in the earth's core. Not even China and Russia dumping all their lies on the market will take it down to 400

I fully expect gold spot to follow a washing line curve but to say it's going to reset to the levels mentioned in this thread is just trolling. I hope it drops 20 maybe 30 % for a while so we can pick up more for less (as it did after 2011). I do hope no one in here is short-term trading it, if you are you aren't the smart money in the market. The only way for it to go permanently down to Wonger's predictions is if a gold meteorite gently lands in uninhabited lands or a mining company works out how to get to the gold in the earth's core. Not even China and Russia dumping all their lies on the market will take it down to 400

$1880 USD Gold price looking likely now

You do understand what that really means long term? Short speculation on PMs is highly leveraged on minimal cash cover so if it goes against them they are covering their asses fast! If the dollar weakens any more those SHORT term shorts will be round the ankles of any trader looking for a quick buck.

I think the jury is still out on the last asparagus...

A strong sell signal would be when she does a reading WITHOUT the massive gold plate. 

I think the jury is still out on the last asparagus...

That was funny, especially when she said she is the only person in the world who can do it. How convenient!

Ah yes I see it - if gravity is inverted the two asparagus do indeed say that, but we would need to see the fallen asparagus close above the plate before we can be confident in the upside target.

You are viewing the asparagus candle stick chart upside down. When viewed correctly, after a period of consolidation it is upside movement over the rest of the year between $1750 and $2400 USD. 

The falling asparagus indicates a coming severe downside movement, expect between $750 and $400 USD as per the two vertical spread asparagus.

I think the jury is still out on the last asparagus...

I think the jury is still out on the last asparagus...

I think the jury is still out on the last asparagus...

I think the jury is still out on the last asparagus...

I think the jury is still out on the last asparagus...

I think the jury is still out on the last asparagus...

He's just backing up the trucks to dump his 10,000 tons on the market to prove his point.

He's just backing up the trucks to dump his 10,000 tons on the market to prove his point.

They can't depend on their government for crisis welfare. They're all on their own essentially

They can't depend on their government for crisis welfare. They're all on their own essentially

Seems an interesting difference of behaviour between east and west.  We start from believe gold will help preserve wealth over long term or through troubled times.  Here we are mid-crisis, in the west we want to buy more for the future expecting prices to rise.  The east sell for the here and now, not giving a jot for the price trend, as gold has served its purpose. 

To put this in perspective. When Gordon Brown sold 400 tons of gold the price of gold dropped by just under 15%. 400 tons affecting a negative 15% swing in market price. (No doubt amplified by the fact that it was Britain doing it)
India bought 100 tons for 'bullion' jewellery this time last year. So far this year... 50 kg! and that was up to April. It is no doubt selling more back into the market now.
Thailand exported 50 tons in April this year. April last year? 5 tons. Those are just two countries I have figures for.
Just a couple of coins.

Queues round the block to sell their gold at the height of it all.