3 replies to this topic

[Thunders]

Sometimes the movement of stock is like a PENDULUM to a clock! What force makes it swing? I think Gold this time around has noting to do with being overbought, oversold…shorts…longs at play or even fundamentals!!! I think the answer would be, SECURITY. This Bull run would be over when we feel secure. SO WHAT DO YOU THINK? I AM INTERESTED IN ANYONE WHO AGREES OR DISSAGREES. WHY ARE YOU BUYING GOLD?

[Shazzam]

Seems to me as if gold is going up because nobody is long, in december whisper.com reported 9% bulls and the latest poll showed 6% bulls. According to schaeffer.com gold shorts keep increasing. Nobody believes, we are constantly told gold is going up because the dollar is declining or for security reasons etc., the reality is that commodities have exploded and we have lots of inflation. Looks like a bull mkt to me.

[Thunders]

NEW YORK (Reuters) - The dollar weakened broadly on Wednesday after rumors that Federal Reserve Chairman Alan Greenspan had suffered a heart attack roiled the markets, traders said. "The dollar is selling off across the board on fears that Greenspan may no longer be at the helm," "The Fed does not comment on market rumors," Fed spokesman Andrew Williams said. I think that falls under SECURITY....

[skott]

I read an artitcle by an analyst that said there are footprints in gold and the us$ that are the same as what happened to airline stocks before 911. He is very afraid that something catastrophic is going to happen in the Middle East or Europe and would cause a rise in the us$ and gold. fwiw scott