GOLD BULLS...........ROARING AGAIN?
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Quote:I don't think post count or frequency of posting means anything.
Originally posted by peacock1
Any one sharing on this forum had been posting on and off and we know them by their posts, can you please show suppporting evidences to back your theory of gold heading for $600?
we all visit as and when our time permits.
I am not here to rattle any feathers or counter any regular posters.
just have a rational and balanced discussion on an interesting topic, ok?
now as to my theory of peak gold, I think it just reversion to the mean.
gold has gotten a lot ahead of itself.
there are no fundamentals to support further expansion.
it is simply reverting back to its historical mean.
if you look at the ratios such as Gold-to-DOW, Gold-to-Producers, Gold-to-USD etc. they are all out of whack right now.
gold has gone away ahead of itself and will revert to the mean.
there is also a lot of manipulation by the big guys.
as is the case in any bubble such as dot com bubble, the big guys get out in time and leave the small investors holding the worthless rocks.
someone posted above that people in his office started buying gold since it hit $1,800.
and see that is exactly what happens.
the manipulators created a frenzy and get normal people to buy.
then dump and wipe them out.
the time to buy gold was back in 2000 when it was $380.
there is no point buying now.
Quote:
Originally posted by ashedfc
In such a case, its very easy for central banks to increase the money supply (all they need to do is add some digits in their computers; thats it).
I know that...but I just don't the evidence and matter behind this whole theory of debasement of currency.
sure, money supply has been increased but the USD is still strong.
it is now heading back to its pre crash levels.
and once Greece, PIGS etc are flushed out of the system either by default or re-structuring, the Euro will also recover.
where is the deflation?
where is the hyperinflation?
where is the debasement of currency?
this is all a frenzy.
Quote:but look at Gold...the price hasn't moved much.
But hang on: Today Bank of England announced 75billion pounds of new money QE http://www.cnbc.com/id/44797109 & EU is on the verge f doing its own version http://www.reuters.com/article/2011/10/06/us-eu-eba-idUSTRE79520020111006 & Federal reserve has been speaking of more stimulus should the condition deteriorates..
all that is priced in.
look at last 3 weeks...the ECB created this huge $800B Euro fund to backstop all the Greek debt.
Gold falls.
BoE does QE, Gold gains maybe $20.
I have a small allocation to gold as well but I just don't see all this outrageous predictions of gold to $3,000, $5,000 and $10,000.
stocks will recover.
interest rates will rise eventually and bond yields will rise.
money will flow from gold and silver back into these asset classes.
gold will keep moving down, soon below $1,500 and then below $1,000.
I'd say by 2016 it will be around $800 at most.
i've read Jim Sinclair etc. but I remain unconvinced about this whole currency debasement thing and gold as currency theory.
This is an interesting situation/discussion.
I think captainbeam what you are seeing in the last few weeks is the result of Operation Twist.
What that did essentially is increase the immediate demand for US short term bills and depressed long bond yields.
Combined with the problems with Euro and the fact that the Swiss govt. decided to substantially devalue the CHF has also caused a big rush towards the safety of the USD.
That is what we are seeing in the price of Gold and Silver.
The effects of Twist will pass in about 1 year from now, just like QE1 lasted about 1 year and QE2 lasted about 1 year.
Any uncertainity from this point on will push gold higher.
Conversely, stabilisation an Europe, better employment and recovery in the US etc. will pull gold down.
The theory of debasement of currency is not bunkum.
Look at the ratios of USD/Gold, USD/DOW, etc. measured over the last 25 years.
This process started immediately following the abandoning of the Gold standard by the US.
I do agree that claims of gold reaching $5,000 and $10,000 don't sound credible to me as well.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Location: God's own country
Posted on: 13-10-11 01:06:41
Nope. Consensus in India is that Gold price will be even lower after Diwali. This is authentic as India is a major consumer of Gold.
There was an article in India that Gold jewels or bars can not be sold at any place for money. You can only buy Gold with money or pledge it for money. This has to ring bells as India is a major power esp. with repect to Gold.
So please donot load up on Gold in the near term or for near term gains.
Though I full respect Ashedfc, I disagree his views on Gold or Silver. Atleast in the current situatuation.
Peace
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I am a Gents and not a Ladies.
as I was saying, I told you all so 
Gold has now lost several % points in last several days.
The bubble is deflating.
i would strongly recommend you guys to get out as soon as possible.
if you don't want to completely sell out, reduce your exposure to no more than 5% of your investment portfolio, including direct physical gold holdings.
Get out of gold stocks for sure ASAP.
Get out of paper gold like gold bullion ETFs ASAP.
If you hold physical gold, start selling piece by piece.
Limit maximum exposure to 5% or less.
i know many people have been holding 25% or more of their portfolio in gold stocks and holding even more pysical gold.
overall some people are exposed to gold as much as 50% or more of their entire net worth.
excluding personal gold jewellery and other consumer purpose gold items like watches and so on, start selling everything.
gold is headed back down big time.
eventually I see it resting around $800.
for those that started buying after gold crossed $1600, either sell out now and take minimal loss or prepare to lose 50% or more of your investment.
all the gold pumpers and dumpers are now getting out heavily including the so called experts, hedge funds and so on.
Quote:...and yet gold is down.
Originally posted by ashedfc
MF Global files for bankruptcy today... the first casualty of European Sovereign Debt.
while Europe and been crashing and burning in the last couple of months, inspite of all that uncertainity, gold has been going down since its high few months ago.
while US debt rating was downgraded, instead of shooting to the moon, gold was down.
i see no further reason to be bullish on gold.
the party is over, best to leave early, go home and sleep, instead of waiting for the cops to arrive and a nasty hangover
Hi friends,
This debate is now entering an interesting phase, lets us vote on this , what does the common CD feels on GOLD, and what is his or her take on the direction of GOLD price movement, up or down.
Personally I am still bullish on gold,
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mor
Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.
