Monday, November 3, 2014

My Gold Analysis as at November 3, 2014

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So far this week there is no movement in the price of Gold. However, as you can see in the weekly chart below, there is a Fibonacci Pattern that indicates that there may be a bullish move about to develop. I will not be holding my breath for a decent move, this has been going on for a while now, price drifting lower and the odd retrace.

Be sure to have a look at the video at the bottom of this page. Harvey Organ, a noted blogger is discussing some dire consequences for the world economy.











I have collected a couple articles from earlier today, none of the authors are impressed as to the current prospects for price appreciation.


What I Tell Clients Who Want to Buy Gold - TIME

 Mon, 03 Nov 2014 10:01:02 GMT
TIME.What I Tell Clients Who Want to Buy Gold.You don't invest in gold; you speculate on gold. Gold grows in value when someone else will speculate more than you did when you bought it. Perhaps it rises and falls with inflation. An exhaustive 2013 ...
Read more ...



Gold Weaker, Hovering Near 4-Year Low, As Strong U.S. Dollar Keeps Buyers ... - Forbes


 Mon, 03 Nov 2014 20:13:43 GMT
Gold Weaker, Hovering Near 4-Year Low, As Strong U.S. Dollar Keeps Buyers ...(Kitco News) - Gold prices are modestly lower and not far above last week's four-year low in early U.S. trading Monday. The precious metals markets are still anchored ...
Read more ...



What caused the 'Vomiting Camel' pattern in gold? - CNBC

 Mon, 03 Nov 2014 23:23:07 GMT
What caused the 'Vomiting Camel' pattern in gold?In this case, our camel has spent the better part of 2014 devouring gold bugs. The dramatic spike in the U.S. dollar has made it clear that the aforementioned Camelus Bactrianus has had its fill of ...
Read more ...

One difficulty for the Western world may appear when the Chinese Govt presses for delivery of the tons of Gold they have purchased. That may signify a dramatic shift in the world
s currencies.

Chinese unmoved by gold price drop, see it cheaper still - Reuters

 Mon, 03 Nov 2014 11:27:06 GMT
Chinese unmoved by gold price drop, see it cheaper still. When gold prices are in a slump, Chinese buyers, eyeing a bargain, traditionally move in and stop the rot. But that doesn't seem to be happening this time around. The current marke ...
Read more ...



Following is a documentary video which you may find interesting about developments in the history of Gold. Sadly today has not been a gold news day for GoldBugs, perhaps the video will be entertaining.

The Secret World of Gold - Documentary

The following documentary moves from historical shipwrecks to Nazi 'death gold' and England's war chest to recent years where widespread economic uncertainty...

Read more ...












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