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POG CHART. Gold looks like its on the Rise. (POG)     

goldfinger - 06 Aug 2004 16:15

Chart.aspx?Provider=EODIntra&Code=POG&SiChart.aspx?Provider=Intra&Code=POG&Size=http://www.kitco.com/charts/livegold.html

cheers GF.

gold.gif

cynic - 26 Nov 2007 14:08 - 221 of 2076

not at all ..... gold is determined in US$, so it is the strength or otherwise of that currency that has an influence .,... and of course the actual or perceived demand for gold itself

steveo - 26 Nov 2007 14:18 - 222 of 2076

thought so, thanks for that. Bullish run pettered out today, will asia continue with it tommorrow, some positions certainly being taken ahead of fed.

Another question, when is the fed decision and where is the best place for a diary of economic data more than a week in advance?

Greyhound - 26 Nov 2007 14:29 - 223 of 2076

Fed decision 11 Dec

ptholden - 26 Nov 2007 18:43 - 224 of 2076

Steveo

FX calanders perhaps the best bet for economic data, there,s one on the Forex thread in the Traders Room, but also available on FX.com or some other such site.

pth

Greyhound - 04 Dec 2007 11:47 - 225 of 2076

Gold has been suffering of late, but my view is we're about to start another sell off of the dollar and that the recent moves are only a correction. Longer term I expect to see gold a lot higher and this sets up another good move higher.

cynic - 04 Dec 2007 12:20 - 226 of 2076

would not disagree ..... i intend to stay in this stock for quite a while

cynic - 05 Dec 2007 17:36 - 227 of 2076

i post the chart below to highlight the very narrow band in which sp has been trading for the last several weeks ..... it is unclear what will persuade it to break upwards, but at least rsi remains very undemanding

Chart.aspx?Provider=EODIntra&Code=POG&Si

Greyhound - 06 Dec 2007 15:19 - 228 of 2076

I think the set back we've seen in gold is no bad thing. Purely correction and consolidating these levels and (hopefully) setting up some nice moves higher in due course. Interesting to see gold down $7 earlier and now about the same higher. Patience will be rewarded.

cynic - 06 Dec 2007 15:32 - 229 of 2076

would just like to see POG pop out of this starightjacket .... should not take much to do it and then it could whizz away again

Greyhound - 06 Dec 2007 16:05 - 230 of 2076

Quite agree. The graph from the summer though looks a lot more bullish again. 1 day rise on the cards again before too long we hope.

Greyhound - 06 Dec 2007 16:57 - 231 of 2076

cynic, we're also getting into that very volatile FX trading period. I still say sell the dollar (against EUR) which will benefit gold. Cable is supported around 2.0140 and just above 2.00. Will be interesting to see if the Fed cut 1/4 or 1/2 next week. They may just do the latter as the market momentum builds.

cynic - 06 Dec 2007 17:00 - 232 of 2076

i note that on the rather false auction close, sp has crept above 25 dma ..... can it build on that?

Greyhound - 07 Dec 2007 13:45 - 233 of 2076

Interesting moves after the US data. Data would suggest we won't get a Fed 1/2 cut, 1/4 more likely, nothing a possibility. But dollar now being sold against EUR and gold higher, so perhaps the market continues to want a half.

cynic - 07 Dec 2007 14:06 - 234 of 2076

i would rather hope that 1/4 was felt to be sufficient ..... whether or not the market will take kindly to that depends on sentiment more than logic

Greyhound - 10 Dec 2007 14:45 - 235 of 2076

Curious to see strong gold and silver today but out of favour here.

Greyhound - 12 Dec 2007 14:04 - 236 of 2076

Now we appear to be off. Dollar getting sold strongly. Gold and silver rising sharply. Equities to gain strongly on the Dow open I suspect.

cynic - 12 Dec 2007 14:07 - 237 of 2076

more to the point with POG is that sp dipped below 25 dma and has now moved back above it

Greyhound - 12 Dec 2007 14:07 - 238 of 2076

Absolutely. Where are you - you've been quiet!!

cynic - 12 Dec 2007 19:52 - 239 of 2076

away in dubai on biz ...... back in uk tomorrow evening

Greyhound - 14 Dec 2007 08:52 - 240 of 2076

Well the market appears not to like that news too much. Despite 15% more gold under world standards, it's the extractable reserves down 6.8% which is causing the current sales. I still think it's a good hold.
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