Gold daily Video July 16, 2015

[Sive Morten]

Good morning,

Gold has slowed the pace but we still think that 1130-1135 level should be hit, may be even till the end of the week:




The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Michael00007]

Why are you so hellbent in wishing GOLD goes down to $1130 ?
Why should Gold go down against the almost worthless USD ?
The USD is in deep **** and Gold is a solid investment to hedge against deep **** situations .

 

[Sive Morten]

Why are you so hellbent in wishing GOLD goes down to $1130 ?
Why should Gold go down against the almost worthless USD ?
The USD is in deep **** and Gold is a solid investment to hedge against deep **** situations .

Michael,
there are multiple factors impact any market. Also such issue as "term of investment" makes sense. In very long-term perspective I agree with you, that gold will go up, but it could happen next year, 2 years...
Right now since there are other assets exist that could generate better cash flow gold is not interesting.
The major driving factor for gold is inflation, but it is rather weak by far... Why we should look too far into the future and make theoretical discussion of gold's perspective? Nobody needs it here. All people are interesting in profit they could get right now or within nearest 1-2 sessions. So let's talk on bear trend while it is exists and we talk on bullish trend when it will appear, right?