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Bob Kirtley

 
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  • The End Of QE And The Price Of Gold [View article]
    "You could buy beautifully minted gold or silver coins and bars at or lower than the cost of making it."

    That doesn't mean that they wont be cheaper a little further down the line - remember the perma-bulls have been telling us to buy everyday of the week for the last few years, had we listened we would be broke.

    Also notice how many of them are doing special offers, no freight charge, includes insurance etc, that should tell us something.
    Nov 1 12:35 AM | Likes Like |Link to Comment
  • The End Of QE And The Price Of Gold [View article]
    Micro analysis can make a fool out of all of us, its hard enough getting the big picture right, but next week will be very interesting. Keep an eye on the silver miners as the cost of mining silver is now more than they can get for it.

    SLW’s earnings for the third quarter 2014 are due on Wednesday, November 12, 2014, before market the opens, could be an interesting trading session should they fall short of analysts’ expectations.
    Oct 31 09:13 PM | Likes Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    Its rare that Steven and I agree, but I do agree with him in that the rise will be rapid once the HUI finds some traction and would anticipate it moving higher at twice the speed it has gone down or faster - so the question now is;
    Is this the end of this bear phase or not?
    This is something our small team here will be knocking about this weekend.

    It should be a good old fashioned ding dong to get the blood pumping, but lets not count our chickens just yet, we have suffered through enough false dawns.
    Take care, Bob K
    Oct 31 02:37 PM | 1 Like Like |Link to Comment
  • The End Of QE And The Price Of Gold [View article]
    Once we have bottomed and we are not there yet, the rally should move up at twice the speed that it fell. You are right on the money about sentiment and when it does change to positive it will catch fire - just my two cents worth..
    Oct 31 02:22 PM | Likes Like |Link to Comment
  • The End Of QE And The Price Of Gold [View article]
    SLW kicked off in 2005 so they had about 3 years of trading under their belt and they did get to about $18.00 before the smash - but I take your point.
    Oct 30 08:29 PM | Likes Like |Link to Comment
  • The End Of QE And The Price Of Gold [View article]
    Well, if you cast your mind back to when the HUI was at 150, SLW was under $4.00 and EXK was under $1.00, etc, costs have also gone up dramatically so at these levels many are losing money.

    This bear phase isn't over yet that's why we are largely in cash and yes indeed the buying opportunities could be fantastic, but for now, patience is the order of the day
    Oct 30 06:45 PM | Likes Like |Link to Comment
  • The End Of QE And The Price Of Gold [View article]
    Team,

    The ending of QE has put a nail in gold's coffin as it struggles to hold above $1200/oz today. Just maybe this is the catalyst that finally drives out the remaining weak hands and establishes a real bottom.
    Take care and amass as much cash as you can as a bargain buying opportunity approaches.
    Oct 30 03:32 PM | Likes Like |Link to Comment
  • The End Of QE And The Price Of Gold [View article]
    Yes indeed; paper over rock seems to be winning....
    Oct 28 09:25 PM | Likes Like |Link to Comment
  • The End Of QE And The Price Of Gold [View article]
    Its true that India and China have been huge buyers for some time, however, gold still heads south.
    Oct 28 09:22 PM | Likes Like |Link to Comment
  • The End Of QE And The Price Of Gold [View article]
    What Gordon brown was thinking of is beyond me and the way he disposed of the gold via gold auctions pangs of naivety.
    Oct 28 09:20 PM | 1 Like Like |Link to Comment
  • The End Of QE And The Price Of Gold [View article]
    Team,

    Does anyone have a view on 'The Swiss Referendum on gold'

    It will certainly be good for gold prices if they vote Yes, however, just like Germany requesting the repatriation of their gold it is different from actually getting it as it hasn't been forthcoming, so it may take a number of years before their objective is achieved, if ever - another false dawn or the real deal?
    Oct 28 05:14 PM | 1 Like Like |Link to Comment
  • The End Of QE And The Price Of Gold [View article]
    Ordinary Average Guy,

    I would agree that the short selling means that sooner or later the shorters have to become buyers in order top close the trade, which in turn should drive prices back up again. However, the shorters have been shorting and taking profits for the last 3 years while the perma bulls hang on in there hoping for a rally.

    I doubt that this will be the catalyst that we need to get a decent rally up and running.
    As a gold bull at heart I am still looking for it, but I'll need some form of confirmation that the next rally is the real deal.
    Oct 28 05:07 PM | Likes Like |Link to Comment
  • The End Of QE And The Price Of Gold [View article]
    Ordinary Average Guy,

    Why should gold return to $1800/oz - what is the driver behind it?
    Oct 28 03:19 PM | Likes Like |Link to Comment
  • The End Of QE And The Price Of Gold [View article]
    David,

    The strong dollar does indeed play its part in gold's fortunes, unfortunately it is the best looking horse in the glue factory as far as comparison with other currencies goes, so in dollar terms gold will remain under pressure.
    Oct 28 03:17 PM | Likes Like |Link to Comment
  • The End Of QE And The Price Of Gold [View article]
    rhelering,

    I doubt that gold would have got to $1900/oz without QE1 and QE2.
    Oct 28 03:13 PM | 1 Like Like |Link to Comment
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