Comments on: Gold: Bulls turn bearish so soon time to buy! https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/ The Professional Source Thu, 18 Apr 2013 09:10:06 +0000 hourly 1 By: Sean Lee https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19924 Thu, 18 Apr 2013 09:10:06 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19924 Thanks mate

]]> By: fxgai https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19923 Thu, 18 Apr 2013 08:28:00 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19923 Will do Sean.

]]> By: Sean Lee https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19919 Thu, 18 Apr 2013 07:08:05 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19919 When you’re finished reading it, you might gives us the 200-word synopsis in English of course? 🙂

]]> By: fxgai https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19917 Thu, 18 Apr 2013 07:04:00 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19917 Sheez… I’ve gold a book -> I’ve got a book. I’ve got to settle myself down 🙂

]]> By: fxgai https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19916 Thu, 18 Apr 2013 06:57:46 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19916 I’ve gold a book by a Japanese analyst I am going to start to read shortly. The title translates as “The Burst of the Gold Bubble – You must buy gold in 2012”.

A synopsis suggests that the author suggests before heading to 3,000 or 5,000 USD, gold will likely retrace 50% of the rally from 253.2 to the 1900 highs, e.g. to 1076 or thereabouts. By this time the author postulates, there will be a selling climax as the world cries “gold is done!”
The book was penned in 2011, so the author called it at least 1 year early, but it’s got my interest, especially after the big sell off. An earlier book of his was made a compelling case for gold as well.

Another book by JP Morgan strategist Tohru Sasaki that I read a while back also alluded in the final chapter to the gold market bull run being indicative of what people think about unorthodox central bank policies in recent times.

As you say we just have to avoid being early like I was last week 🙂

]]> By: Sean Lee https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19908 Thu, 18 Apr 2013 04:38:24 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19908 This is an interesting story I think fxgai, with much of the Gold fall probably related to the unwinding of Japanese derivatives tied up in complex JGB/Yen?Gold structures. The more I think about the abuse that central banks are doing to the mkt with their printing methods, the more bullish I get. Once it bases (1250, 1000, 850 who knows) then we will get a generational chance to put on a big trade

]]> By: fxgai https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19904 Thu, 18 Apr 2013 03:26:37 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19904 Good to see some people are thinking about buying Gold. I just dabbled into an XAU trade for the first time ever last week, going long against JPY. Could I have picked a worse time!? Fortunately I had only a small position and got out earlier in the week, and made back most of the loss shorting XAU/USD. But with all the Japanese money printing coming our way, I can’t help but want to be long gold.

]]> By: Muti https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19891 Wed, 17 Apr 2013 17:51:28 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19891 Whichever direction it goes, fine for me, as long as it brings profit.
Sean’s comments are fine, but as I see “I wish, it must, it should, why doesnt’ it” types of comments of some users, I need to think twice, three times.
Notwithstanding the FX market, I saw TV news that the public rushed to buy gold (as it became cheaper [discount season!!]). Then there must be something actually, really, very wrong. The public must (will, should?’) regret that decision for many years. I first thought that this move could be like the one in June 2006 or November 2008, (this could have been a nice long-time-frame correction), but as I see these comments and people’s movemenets, I totally doubt that there wil be a retracement of this move. It may go all the way down, to whererever, whether 1200 or 1000. In 1980’s, gold had seen moves from the top 800 $’s down to 250 $. Something similar should/would/must/ain’t not be a surprise::)) Otherwise, why wouldn’t gold miners, major suppliers, etc. immediately intervene, in order to prevent further losses?

]]> By: Sean Lee https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19854 Wed, 17 Apr 2013 07:31:11 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19854 Great minds think alike Andras 🙂 Yes when AUD/USD is near 95 cents then Gold will be getting close to buy zone, couldn’t agree more

]]> By: Andras https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19850 Wed, 17 Apr 2013 07:01:21 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19850 Hi Sean,
We may use timing indicator so when AUDUSD will be around 0.96-98 time to buy GOLD?
Andras

]]> By: Sean Lee https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19842 Wed, 17 Apr 2013 06:20:40 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19842 Boredom Banya, plus reverse indicator factor 🙂

]]> By: Banya https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19836 Wed, 17 Apr 2013 06:03:15 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19836 And u still read the analysts report even if they consistently wrong?Contrarian indicator hunt?
P.S:Jordan do u remember these famous lines?’What won’t go up….’ around that time when u were defending 100 on USD/YEN? 🙂

]]> By: fxgai https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19819 Wed, 17 Apr 2013 02:53:12 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19819 G-20 nations love manipulating their currencies, can they really complain about Japanese monetary policy with a straight face?

]]> By: Jimmy https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19814 Wed, 17 Apr 2013 01:46:05 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19814 Hi Sean, Please, why the yen us so weak if we are on the wake of a possible tough statement by the G-20 against the japanese Exchange rate policy? Is it not time to buy the yen?

]]> By: zenfxtrader https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19812 Wed, 17 Apr 2013 00:52:45 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19812 Hulbert (gold value should be $800) is an over-rated waste of time. Sean, your instincts are right, these analysts are merely momo chasers. A really good analysis of gold and silver is here: http://thefundamentalview.blogspot.com.au/ He treats the market just like any other market and was predicting this fall based on chart action for months. He expects strong support at 1320 (which was hit) and a potential to go further down to around $1250.

]]> By: JasperD https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19810 Wed, 17 Apr 2013 00:22:46 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19810 Here’s an analysis that says gold’s fair value is $800, but we all know maket pays no attention to “fair value”, right?
http://www.marketwatch.com/story/golds-fair-value-is-800-an-ounce-2013-04-16

]]> By: Caleb https://fxww.com/gold-bulls-turn-bearish-so-soon-time-to-buy/#comment-19809 Wed, 17 Apr 2013 00:12:08 +0000 http://fxww.dreamhosters.com/?p=7109#comment-19809 It is interesting, Goldman Sachs has been in the press recently for their bearish call on gold. I think they made their call last week. Why weren’t they bearish when gold was at 1700+? It seems to me when investment banks start issuing calls it is usually somewhere near a turn. I will never forget when the euro was at 1.20 area in 2010. Several well know banks and so called currency experts were yelling that parity was only a few months away. The euro bottomed that week. Amazing.

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