2 replies to this topic

[stockbucks_coffee]

Welcome FF Dropitby, actually there's a group called GATA that investigated and found likely collusion between Barrick Gold, JPMorgan, other banks, and the Fed/government to hold down the price of gold during the past decade. well looks like these conspirators had lost their grip this past years but presently gold needs to kiss its 200 dma anyway. so it's possible you're buying near a bottom or that the price of gold is in for a considerable consolidation/pause period. best SC.

[TomD]

People have been blowing each other up in the Middle East for over 20 years...Over which gold was in a bear.....gold has been in existnece for 5000 years....a few dozen bodies does not impress gold there are other forces at work...with the market being focused on the potential for rising interest rates, smaller spread with Euro...weakening economy...leading to lower comodity prices...and ergo greater value for dollar to me all the effect of Greenspan, for whatever reason, turning off the taps in money supply growth awhile back...(they have been turned back on...but again it will take a few months...maybe up to election before it hits the system again deflation ?..maybe not..but it will look close enough to fool people for awhile gold and USD are at points where they usually reverse...and maybe it will look like it again...to me the market will be trying to suck people in...to me gold was wither going to bottom before the usual location...or go down under much deeper than expected....the last little rise was a market fake out...I think the USD corrects much more than people are ready for....at least 38% retrace of entire move down..if not 50....and depending if property bubbles in China and US pop...mayber more at good article on debt and US dollar short squeeze on freebuckcom...."a dollar shor"..someting like in title by sol pol....good reading...still debating wheter to play a bounce or at leaast wiat for positve technical divergences to appear... look at historical charts and you see gold can move down even faster than it moves up....I feel very cautious towards anything, as Kerns says it , "has a net assett value"...cash is nice here...althought it hard to stay out mind you everything I say subject to change...but I think the next couple of months is going to be tough sledding for gold stocks