OTCPK:NOXOF - Post by User
Comment by
sallgewdon Jul 15, 2013 3:20pm
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Post# 21608427
RE:RE:Argument for a rise in the price of bullion...
RE:RE:Argument for a rise in the price of bullion...With respect gaggersez... it didnt sound or look like a prediction. It was supported with facts and figures. If anything, his number was too low. But I see what he is saying, the $1550 is a table where more cleaning/conslodation will be done. Technically I dont see how consolodations can last for lengthy periods of time any more, as we start to climb that is. I do see rapid $200 down days, followed by $200 up days. But as we know, the down is not because of liquidation. More from the ETF's cashing out, and the central banks providing the physical. The reason for the violent up tick after a major down is because of the CB's will not be supplyng enough physical, shorts have been sold off, and the ETF's can no longer hold water. So yes, fast and furious down, supported "technically" by just as quick of an uptick. Kind of like labour pains. The closer together the contractions, the closer to the birth. All of that being said, yes it is a tough market to hang on to, and its because of people like your self for another reason why I believe this market will be unstoppable when it does go. There is a lot of money sitting other places that is waiting to go into gold. And when the train starts to leave the station and these transfers are made, we will see a very strong and supported rise.
Cheers.