Gold Takes Out Major Support: Next Stop $1,350 [View article]
Credit cycles exist. We are indeed a credit based economy. Yet beneath the extension of credit is something that "policy bears" don't want to see or admit: genuine, productive, economic growth.
Gold Takes Out Major Support: Next Stop $1,350 [View article]
a) As I've stated, gold's value has almost nothing to do with its industrial demand.
b) That's simply a blatant straw-man; physical gold doesn't pay dividends. Don't get cute with it.
c) Indeed, something like art is similar to gold. As for real estate, the comparison is a bit faulty as real estate can be widely used for collateral and is play on new household creation, which is essentially a certainly (on average) over the next couple of decades in this nation.
d) I agree. Treasuries aren't a good hedge against inflation. Never said they were.
Unfortunately, your comment was fraught with fallacies; it doesn't really attack points I actually made.
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Perfect example of a misguided investment thesis. The supply of gold is about 100 times the annual usage. Jewelry demand has nothing to do with the price of gold.
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Yikes. So I think one of the biggest tells is the rudeness and general lack of articulate arguments from the bull camp. For sure, some major investors have made reasonable, modest arguments, but comments like this are the norm.
Price action around levels of long term support reflect further downside based on the additional dynamics I've discussed. Thanks.
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Inflation was absolutely not zero when the dollar was backed by gold. You're begging the question - you're using the premise that gold is money to say that since gold prices didn't go up, there was no inflation.
Why David Tepper Sees 50% Upside In Citigroup [View article]
You can disagree with me, but the attitude and unprofessionalism given off by the gold bull crown is astonishing.
Furthermore, please don't comment on articles unless the content is relevant.
Gold Takes Out Major Support: Next Stop $1,350 [View article]
My reply, obviously, was in regard to the commenter who asked why short something I can't value; my somewhat snarky answer was to make money.
75% of the comments on this thread have been unprofessional, inarticulate, and filled with hatred and logical fallacies.
Folks: it's gold. Calm down.
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Gold Takes Out Major Support: Next Stop $1,350 [View article]
b) That's simply a blatant straw-man; physical gold doesn't pay dividends. Don't get cute with it.
c) Indeed, something like art is similar to gold. As for real estate, the comparison is a bit faulty as real estate can be widely used for collateral and is play on new household creation, which is essentially a certainly (on average) over the next couple of decades in this nation.
d) I agree. Treasuries aren't a good hedge against inflation. Never said they were.
Unfortunately, your comment was fraught with fallacies; it doesn't really attack points I actually made.
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Why David Tepper Sees 50% Upside In Citigroup [View article]
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Price action around levels of long term support reflect further downside based on the additional dynamics I've discussed. Thanks.
Gold Takes Out Major Support: Next Stop $1,350 [View article]