Sell gold | <b>Sell gold</b> if it touches $1,300-05 an ounce | NiftyDirect |
| <b>Sell gold</b> if it touches $1,300-05 an ounce | NiftyDirect Posted: 09 May 2014 04:27 AM PDT Comex gold futures ended lower on Thursday as its haven appeal dimmed on signs of easing tensions in Ukraine. A softer dollar and renewed tensions in Ukraine helped arrest the previous day's fall. Markets are awaiting a news conference by European Central Bank President Mario Draghi after the central bank left interest rates unchanged. Comex gold futures fell lower as expected but once again hit out stop loss before doing so. Gold futures continues to be quite volatile with the overall bias still weak. Typically, stops tend to get triggered on both sides during the volatile period. Resistances will be seen strongly around $1,310-15 levels again. Prevailing negative indications suggest that prices could find it difficult to cross $1,315 and while this level remains undisturbed, a down move to $1,270 followed by $1,245 levels looks likely. Minor support is at $1,270-72 levels. Once below $1,272, prices could fall further accelerate towards $1,245 or even lower to $1,225. Only a move above $1,332 could cause doubts over our bearish view. From the peak of $1,920 a corrective decline in the form of "A-B-C" is already over at $1,181 and a new impulse has begun. Confirmation of such an impulse will be seen above $1,445. Fall below $1,250 could force us to abandon this scenario and look at a bearish one targeting $1,095. We will now wait for a confirmation for a fall below $1,250. RSI is in the neutral zone now indicating that it is neither oversold nor overbought. The averages in MACD are below the zero line of the indicator hinting at a bearish reversal. Only a cross over above the zero line could hint at a bullish reversal again. Therefore, immediately, one can look to sell gold in the $1,300-05 with a stop loss at $1,317 targeting $1,270 followed by $1,245. Supports are at $1,275, 1,245 and 1,225. Resistances are at $1,310, 1,330 and 1,345. Source: http://tiny.cc/gfblfx  |
| Silver and <b>Gold</b> Don't <b>Sell</b> it, Spend it. : Silver Investor Blog Posted: 04 May 2014 08:21 PM PDT Silver and Gold as Currency – "Don't Sell It, Spend It." There's a time when the operation of the machine becomes so odious, makes you so sick at heart, that you can't take part! You can't even passively take part! And you've got to put your bodies upon the gears and upon the wheels…upon the levers, upon all the apparatus, and you've got to make it stop! And you've got to indicate to the people who run it, to the people who own it, that unless you're free, the machine will be prevented from working at all! ~Mario Savio When I wrote "Breaking Away From the System" I had forgotten Perpetual Assets offered a silver backed debit card. David Morgan, the silver guru, and I discussed this fact and David also explained how this all came about. At the Silver Summit in Spokane a few years ago David was speaking about precious metals mining in Idaho and working with the local government to help them figure out how the legislation should work. After his lecture, a gentleman named Dale Olmstead ( you can contact Dale at pmb-v@hotmail.com ) approached David and ask if they talk. Dale explained to David that he had idea for a precious metals backed debit card. After a short conversation, they parted ways and little thought, on David's part carried forward. A couple of months later Dale contacted David and proclaimed he had created the precious metals backed debit card! If you are serious about getting out the debt-based, fraud known as the USDollar, this is a great way to take a giant step in that direction. Need a new generator, AR-15, solar panels to keep the lights on? Why not use gold and silver to make the purchase? Why do you possess real money if you are not going to use it? I understand the "insurance policy" aspect of these monies, but they are intended to be used. How do we, the gold and silver community, plan on making a difference if we are sitting on our assets and doing nothing? What is it going to take to truly wake people up to make the necessary changes and the hard decisions that are REQUIRED to break the system? |
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