PDA

View Full Version : What a trend line looks like...



Soflasnapper
01-17-2012, 07:31 PM
From chart of the day, (http://www.chartoftheday.com/20120113.htm?T) a chart showing gold prices over recent time.

The trend is up, and more than just up, has shown an acceleration of the up slope. (It's where the upward trendline deflects to a more upward slope.)

I draw your attention to the presence in the trendline of many down ticks. Which is natural; even in a bull market like this one, typically the price isn't a straightline increase every day.

However, such down ticks do not indicate there is no up trend, or even that the up trend has de-cellerated (yet) to a lower rate of increase.

As the chart mentions, it takes a breakthrough under the pattern's tail to establish that such a thing has happened.

Pretty much the same thing with the global cooling, or global warming has ended, crowd. They point to down ticks, not realizing that such things do not mean the trend in the opposite direction has stopped in effect.

LWW
01-18-2012, 02:38 AM
So are you endorsing Glen Beck's position ... or admitting that the trend line for GW precedes the industrial age by several millennia ... or both?

cushioncrawler
01-18-2012, 02:55 AM
If that trendline keeps going it will someday catch up to the prices that investors were paying for Beck's gold a couple of years ago.
mac.

Qtec
01-18-2012, 03:03 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: cushioncrawler</div><div class="ubbcode-body">If that trendline keeps going it will someday catch up to the prices that investors were paying for Beck's gold a couple of years ago.
mac. </div></div>

Exactly.

Q

LWW
01-18-2012, 04:41 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: cushioncrawler</div><div class="ubbcode-body">If that trendline keeps going it will someday catch up to the prices that investors were paying for Beck's gold a couple of years ago.
mac. </div></div>

Exactly.

Q </div></div>

Got a link to support that?

Of course you don't.

Qtec
01-18-2012, 04:55 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: cushioncrawler</div><div class="ubbcode-body">If that trendline keeps going it will someday catch up to the prices that investors were paying for Beck's gold a couple of years ago.
mac. </div></div>

Exactly.

Q </div></div>

Got a link to support that?

Of course you don't. </div></div>

Haven't you heard?


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Glenn Beck's Favorite Gold Company Charged With Fraud </div></div>

OH MY!!!!!!!!!!!!!!!

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Goldline International, the California precious metals retailer promoted by Glenn Beck and other right-wing radio hosts, was formally charged with 19 criminal counts—including grand theft by false pretenses, false advertising, and conspiracy—on Tuesday by the Santa Monica City Attorney's Office. The criminal complaint also implicates Goldline CEO Mark Albarian, along with two other company executives and two salespeople.

The charges detailed in the complaint support what MoJo's Stephanie Mencimer first reported in 2010: Using aggressive telemarketing tactics, <span style='font-size: 20pt'>Goldline employees routinely pressured customers to purchase expensive coins with mark-ups so steep that it was<span style="color: #990000"> very unlikely the consumer would ever make his money back.</span> </span> </div></div>

Got it?........ link (http://motherjones.com/mojo/2011/11/glenn-becks-favorite-gold-company-charged-fraud)

Q

LWW
01-18-2012, 05:01 AM
Investing in gold and investing in coins are two different things.

Please try again.

Qtec
01-18-2012, 06:13 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body"><u>Investing in gold and investing in coins are two different things.</u>

Please try again. </div></div>

Yes they are, that's why Beck is also guilty.

Q

LWW
01-18-2012, 06:21 AM
Link to the conviction ... or even charges?

LWW
01-18-2012, 06:24 AM
JUMPIN JILLIKERS! (http://www.monex.com/prods/gold_krug.html)

It seems that gold coins have nearly doubled since this article, and nearly tripled in the last 5 years.

Next silly statement please?

Soflasnapper
01-18-2012, 06:54 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body">So are you endorsing Glen Beck's position ... or admitting that the trend line for GW precedes the industrial age by several millennia ... or both? </div></div>

I do not think Beck's urging his listeners to buy the supposedly confiscation-proof pre-'39 (or whatever date) gold coins is a sound financial decision, despite the rise in gold prices. The premium for that alleged collectibility factor is far too large.

Whether it's still a good idea to buy at near- or actual highs (bullion type coins as you incorrectly showed on your link-- not what GB says to buy), it depends if the trend holds up. But one thing is clear-- buying at the current or near top likely means you may still very well see paper losses, even if the trend continues.

And yes, there is a lesson concerning GW. A trend that began earlier can accelerate, given a reason. Just as we see the inflection point in this trend line, where the rate of increase grew.

Qtec
01-18-2012, 07:27 AM
Notice how LWW changes the subject?

Q

Qtec
01-18-2012, 08:45 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> It seems that gold coins have nearly doubled since this article, and nearly tripled in the last 5 years.</div></div>

Yeah, real gold. Not the crap that Beck's scam company sold to people.

Q