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adiefendal
09-27-2011, 02:03 AM
Gold Bullion’s Price Action:
Separating the men from the boys—that’s what corrections in bull markets are all about. And this time, it's the gold market that's testing us all.In the depth of a bear market in gold prices, back in 2001, a bull market in gold was born. Gold bullion traded for about $300.00 an ounce in late 2011, early 2002, and yours truly became a staunch advocate of gold at that time.

Since the beginning of the bull market in gold, we’ve seen an often repeated pattern: gold bullion prices advance sharply, profit taking comes in, the “weak hands” (as I call them) dump their gold as the price for bullion falls, prices bottom out, and the bull market continues. This pattern has been repeated for 11 years now.
BadThad
09-27-2011, 10:46 AM
The current pull back is opportunity IMO. Just like stocks, these corrections usually set the tone for new highs. I see gold at $2000+ soon.
adiefendal
09-30-2011, 03:26 AM
yes ,Gold price is day by day increasing .
Crude Oil Trader
09-30-2011, 12:17 PM
yes ,Gold price is day by day increasing .

:~/

When the trend is up I am the biggest gold bull out there. But the trend has turned, it only takes a crayon to read the charts right now guys.....am I missing something?
BadThad
10-03-2011, 08:51 AM
:~/

When the trend is up I am the biggest gold bull out there. But the trend has turned, it only takes a crayon to read the charts right now guys.....am I missing something?

Nope, you got it! However, I still think this but a correction phase, gold is setting up for a higher high.
capitalheight
11-23-2011, 02:13 AM
GOLD

The most-active gold for December delivery on the MCX last ended 1.24 percent higher at 28,799 rupees per 10 grams.
Crude Oil Trader
11-23-2011, 10:23 AM
No doubt we have made money taking profits in gold this year and have been sitting on the sidelines accept for a very small core, long term position. But we are taking a different tone now. The long term gold bull run has a couple or few years left in it so we are adding to our position regularly now. Won't say we are buying on the dips exactly but that is kinda what we are doing.
capitalheight
11-24-2011, 01:44 AM
Gold fell further on Thursday as declines in equities blamed on the euro zone crisis prompted investors to sell bullion to cover losses, while a firmer U.S. dollar also put pressure on prices.