40 replies to this topic

[NAV]

Gold has had a 14 year bull run. Something to keep in perspective !

Edited by NAV, 04 January 2013 - 09:36 AM.

[MDurkin]

Maybe we have both views as being correct.

http://dl.dropbox.co...ro-Ju-Ce-Ma.gif

http://dl.dropbox.co...ia-Ju-Sa-Ur.gif


So the Dow corrects 1/11-1/25 Gold has a bounce as the Dow corrects. The Dow than takes off to all time highs late April early May completing the large megaphone formation from 2000- http://stockcharts.c...c/1169350/tenpp. At the same time GLD goes to 141-128 everyone thinks the Gold bull is dead. But no as the Dow goes Down for 2 and a half years aka 1929-1932 Gold takes off at the same time they meet in October 2015 at 5000. Than the Dow goes up for 4 years aka 1937-1941 Gold corrects.
Maybe?

[pedro]

The globe is saturated with fiat claims, and insufficient collateral to meet all those claims. At some point, we get a 'bank run' ... not of the neighborhood kind, but of the systemic kind. Gold's 'price' in $ may plummet as the (debt) money supply implodes ... but gold's value won't vaporize like the funds entrusted to Madoff or Corzine. or Bernanke. It should hold respectable exchange value.

Edited by pedro, 04 January 2013 - 10:36 AM.

[andiron]

Gold has had a 14 year bull run. Something to keep in perspective !

and most likely it will end in a bang...

10+ yr and then 1 yr consolidation...seems like it is only doing it for refuel....

we have yet to satisfy the parabolic rise in gold and then a quick bust...may be around 2020 or so......

[pdx5]

Those gold crazy Indians caused the 10 year bull run in gold. It coincides with the GDP growth in India for the last 10 years averaging 5-6%.

Factoid: India is the largest consumer of gold after China.
Buried in this link somewhere

Now the central bank of India is clamping down on this crazy demand for gold.

India clamping down on Gold demand

India curbs gold imports

India slaps more tax on imported gold

Above links could explain the current bumps in the road for gold.

[libertas]

Just look at the number of gold mining reality shows on television - 5, I think. Africa, S America, Alaska, Bering Sea... That tells you all you need to know.

[andiron]

OGM, you want to short..short S&P..short ITB...short XLF.... ripe for shorting... spare Gold....

[Sentient Being]

Fear is good for gold. Higher interest rates in the US would bring fear. Gold seems to have run out of fear for awhile now, I've been looking at that same trading range you have.

European crisis... did nothing for gold price.

Correct...as this monetary bypass was/is used to pump up balance sheets when emergencies take place - just like a savings account.

And now any improvement in economy is BAD for gold price

Correct again...as the monetary spigot is slowly turned off (rising interest rates) thereby reducing the flow into this same savings arena.

So whats the attraction aside from some apocalyptic cult ?

It's where money flows to when all other asset classes are fairly valued.

And why...it's an indicator of impending inflation as opposed to rising as inflation actually makes it appearance.

In other words, as gold moves lower, the monetary base is deflating.

Fib

[Russ]

Interesting Astro Gold chart showing a double top in 2015 and then spring 2016, this is the same time frame I see using a mechanical oscillator and Martin Armstrong is also calling for about 5000 gold by 2016, Armstrong has warned of this global debt crisis we are in since the 1980's , he believes the bonds are going to be defaulted on in Europe, Japan and the USA when that happens the [bleeeep] will hit the fan! Worldwide debt is no close to 50 Trillion and increases about 350,000 dollars a second, interest rates are going to start rising next year as it is a pi cycle year for the bonds, when the bonds and currencies start crashing capital will flee to gold. The west's experimentation with debt and socialism is going to end badly just as communism did. From a contrarian perspective look at all the naysayers on this message string.

Maybe we have both views as being correct.

http://dl.dropbox.co...ro-Ju-Ce-Ma.gif

http://dl.dropbox.co...ia-Ju-Sa-Ur.gif


So the Dow corrects 1/11-1/25 Gold has a bounce as the Dow corrects. The Dow than takes off to all time highs late April early May completing the large megaphone formation from 2000- http://stockcharts.c...c/1169350/tenpp. At the same time GLD goes to 141-128 everyone thinks the Gold bull is dead. But no as the Dow goes Down for 2 and a half years aka 1929-1932 Gold takes off at the same time they meet in October 2015 at 5000. Than the Dow goes up for 4 years aka 1937-1941 Gold corrects.
Maybe?

[Russ]

Your chart is too short.... here's the bigger picture...

Time for cultists to leave this sinking boat. And its going to be spectacular.


I clicked on some silly poll on CNBC the other day about what gold will do in 2013 and of course almost 80% expect it to go up Well, I'm in the other 20% and I'm short.

Gold ETFs are the largest buyers of gold. Sounds like trouble to me

Fed minutes yesterday have sealed the deal.