2 votes

Look for gold to drop back to 1200 in the next few weeks

by The Diamond Dog

Greetings fellow gold watchers. It is the evening of September 16, 2013.

At the moment, December gold (that is to say, gold futures for delivery in December 2013) is trading right around 1309, as seen in the chart below. Actually it has bounced up a little since I took the screencap of the chart, and is currently trading around 1313.9. No matter. This little bounce alters my prediction not.  Gold should be back down to 1200 within a few weeks.

How it gets there is anyone's guess.

Look for gold to fall back to 1200 in the next few weeks

Will we drift down, only to get whipsawed around as the chart builds a more perfect head and shoulders pattern? Or will we see a sharp drop this week, accompanied by the Fed meeting results?  No one knows.  But the Diamond Dog's money is riding on a drop - one way or another - back to 1200.

Once we get to 1200, there's a lot further to fall, as I've noted before:  The shakeout in gold is far from over. And its a long way down.

Don't forget - you heard it here first.  On a free website. On the internet. In a post written by a dog.  Complete with a corny video at the end.

Because it's a long way down.


http://youtu.be/8K0qCCfeMAE

It's a long way down to the place where we started from.

Where did this bull market start again?



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Putting the chart aside won't tax loss selling factor in?

Most people probably have big stock market and bitcoin gainst this year and gold losses. Would think many would take their gold losses this year to off set gains which could put pressure on gold

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A few weeks

turns into a few months.

Are we there yet?

Five weeks later

$1350.50

Gold

You realize the slogan for this website is peace, GOLD, liberty right? Probably picked the wrong site to predict a big deflation in gold. Most here are likely gold bugs, & rightly so, with the stock market completely disconnected from reality & only moving in tandem with Fed QE aka inflation golds ups and downs are irrelevant to many. As most here likely, my self included think these policies by govt & the fed are doomed to a crack up inflationary boom or a massive deflationary bust. Either way I'd like to own gold in these times.

..... PRECHTER.....

..... PRECHTER..... WRONG......AGAIN.......

I think your wrong

The "paper" gold and silver markets are not real, and their day of reckoning is fast approaching. If your smart you will get out of the Stock market "game" before you lose it all. This Debt bubble we are living in will pop soon.


http://youtu.be/rfLlF1vtit8


http://youtu.be/iFDe5kUUyT0

Investment Strategy in an Uncertain World, Harry Browne

In March 1980, he wrote "Forecasting vs. Strategy," in which he said that profits come from a good strategy, rather than accurate forecasts. And as the decades progressed he became progressively more anti-prediction. And he published many full-length articles explaining why it's impossible to predict human action - no matter how simple it may seem.

This book contains 16 of those articles that discuss Harry's investment strategy. They contain perceptive explanations that debunk so much of what passes for investment wisdom - plus intelligent comments about life. Most of all, the main thrust of the articles is a step-by-step analysis of how you can deal with an uncertain world - without preconceptions or dogma.

These articles will remind you of something you learned a long time ago - that the future is unknowable. They will also reassure you that you don't have to rely on fortune tellers (chartists) to deal successfully with any part of you life -- including your investments. And they're written in Harry's patented easy-to-follow style, sprinkled with his good humor.

http://www.trendsaction.com/ebook/investment-strategy-in-an-...

so what happens to gold at

so what happens to gold at under 1200.00 when the FED comes out in the next 4 to 6 weeks and says it will buy 100 billion or more a month in treasuries because the economy sucks? In the next 6 months we are going to see who is right and who is wrong.

LULZZZZZZZZ......... where is

LULZZZZZZZZ......... where is that dollar headed?

Gold will go up when people

...lose faith in government

That is happening faster and faster.

Hopefully this video speeds things up with a comparison on Monsanto.

http://www.dailypaul.com/302807/how-free-markets-could-stop-...

www.SuccessCouncil.com
Protect your assets and profit from the greatest wealth transfer in history.

what I find amusing is all

what I find amusing is all this gold and silver is gonna crash stuff. I need to ask the question. What was the value on the dollar when gold was at 1900.00? what is the value of the dollar with gold at 1340.00 today? what was the value of the dollar when gold was under 1200.00? Why has the dollar not done anything? With Gold coming down like it did, why was the dollar not over 90 on the USDX?

You guys still don't see that Gold is manipulated do you? You still don't believe it because of your fantasy of buying gold ounces at 125.00 and silver ounces at 2.00 here in the short future. Gonna be some hurting folks in the next few years once they realize that Prechter, Mish and all the other fools led them down the wrong path to financial ruin. After all the hype of FED tapering fell off the table and they did not taper, you people still believe there is going to be deflation? I do really wish we would get a massive deflation. That is what we need. A total restart, with those in government in prison or dead once the deflation hits and many Americans lose all they worked for. But that is the reason why will see an inflationary depression first before this so called deflation. There is no political will to be blamed for what would happen in a Deflationary Depression. The taper BS should have taught you that. Listen to this interview
http://www.silverdoctors.com/alasdair-macleod-the-deflationi...
Maybe you will see the light before it is to late...

And that dollar is SOARING! SOARING just like Ron_is_for_real said it would!

[applause]

.

And another...golf clap, for

And another...golf clap, for imagination.

----------------------------------------------------------
"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

once again a post from the

once again a post from the peanut gallery. won't dispute anything said but just throws out the random post.

fun reading through all the

fun reading through all the incorrect posts. lol.

Gold solidly under $1300 - $1200 next week

Still trying to make up its mind about $1280.

I need to update the chart in this thread, or make a new one with an updated chart.

Here's what it looks like now:

http://imgur.com/Yuxkliw

(Live chart here: www.barchart.com/charts/futures/GCZ13 )

- &&&&& Prediction &&&&& -

Gold might catch a bid later this week as the argument in Congress gets drawn out.

It might even get stretched out over the weekend.

However, they WILL come to a deal.

Once the deal is done, gold is going to fall like a rock -probably all the way back to 1200.

We'll likely see 1200 next week.

The Diamond Dog is a real cool cat. | Reporting on the world from an altitude of 420.

where is it?

where is it?

where is that update? what

where is that update? what happens when the FED announces they are going to buy 150 billion per month in bonds?

You do know they are printing 85 Billion a month right?

Gold is so undersold it isn't even funny. In 1944 85 billion was the entire money supply for the whole US. Buy and Hold... Buy and Hold.. The day will come with the money starts to circulate more and velocity takes off.. It could happen anytime, I repeat it could happen at any time..

Gold 12,000.00 is more like it..

I just wish

It would get back to $375.00 an ounce like it was when I built the foundation of my "stack".Let's go $4.00 Silver!

Just about there.

$1268 as of now.

Per the other thread, 50,000 lbs dumped into the market.

"What if the American people learn the truth" - Ron Paul

Gold $1302

http://www.barchart.com/charts/futures/GCZ13

See that head & shoulders?

Look for the break any day now.

The Diamond Dog is a real cool cat. | Reporting on the world from an altitude of 420.

Gold Way Up

Gold up $50 in one day. Bernanke to continue printing money (ad infinitum), dollar is crashing.

What a difference two weeks makes.

Bernanke's little sugar high didn't last to long, did it?

After a sputtering, lame little ejaculation, gold is now back to lower than it was before Bernanke's ridiculous declaration.

1288 by kitco's watch.
http://www.kitco.com/

Just know this folks. I'm not here to antagonize. I'm here to get you to listen:

Gold knows what time it is. If you want to check the time, check the price of gold.

But remember that we live in an Alice and Wonderland world that has somehow turned upside down. Now down means up, and up means down.

The Diamond Dog is a real cool cat. | Reporting on the world from an altitude of 420.

Nice Technical Call

...which demonstrates the futility of scanning the news, listening to trader gossip, and groping around for seemingly coherent manipulation conspiracies in order to attempt to "understand" why the market is doing
what it naturally does - confounding the vast majority.

I think part of the reason for the long, slow, torturous...

economic boogie-woogie,

is to drain people of the very cash they would use to buy gold.

It's like - if nobody has any 'money' anymore, then they can't buy gold no matter what the price.

Anything, whatever it takes to keep gold out of the hands of the people.

Defeat the panda-industrial complex

I am dusk icon. anagram me.

What you are describing is DEflation

The very definition.

Yes. And it's also another agrument against price controls.

During the 'great' depression prices were regulated while the money supply dried up. This meant that for instance an apple farmer couldn't sell his apples for a penny apiece. He was forced to charge a higher price.

Here's a good article about price controls during that period:
http://www.fee.org/the_freeman/detail/the-nra-how-price-fixi...

Defeat the panda-industrial complex

I am dusk icon. anagram me.

Gold trading below 1,300 now

Approx. 24 hrs after I posted the above. $1,295.70, according to Kitco.

The Diamond Dog is a real cool cat. | Reporting on the world from an altitude of 420.