This time gold is also backed by European Central Bank's easing policy, maybe this is a catalyst that runs the rally a bit earlier. On one of my comments I posted yesterday, I said that I was waiting gold to hit 1.900$ in 4-5 weeks, now I'm saying it will happen in 3-4 weeks. However, I am not sure that the operation twist has the same influence on gold as QE1 and QE2 had.
Why I'm Convinced We're Still In A Bull Market For Gold [View article]
In my opinion, there has been unpredictable events -or black swans- that has determined gold prices for the past years and I think it won't change for another several years. It is not just negative yields that have made the gold prices rise up, other developments such as emerging nations' gold demand also has done so. Therefore, I can't be certain gold. On the other hand, it is an asset, which I always can be bullish on.
I think it is needless to say that gold is overvalued but I still see some commentators recommending to buy gold at these high prices. Go and buy some gold, if you expect to sell at a better prices in the short-term but if you are a long-term investor, gold is the number one asset that you should stay away from.
Facebook IPO Analysis: Thanks, But No Thanks [View article]
This is what I have been wishing to read about Facebook for all this time. In, dot-com bubble, we got the innovation at least, but this social network bubble is absolutely null. I hope anyone will not be possessed with this Facebook dream.
"the U.S. Economy appears to be growing a bit more strongly than the Chinese economy." A bit more strongly? OK, OK, I get it. U.S. monetary policy says so, with its super-low interest rate and also this graph say so - http://bit.ly/xJhLYR
@Debutant Well, the historic price charts say so. Gold has been under $1000 for years, and now it is above it. So, in plain logic, it is a better time to sell gold rather than buy. Number one asset to buy is what you find cheap. Go buy something cheap, even gold, if you think it is. But, as far as I am concerned, it is not now.
Facebook Punts, Stalls And Trips Down The IPO Path [View article]
In my view, this Facebook IPO really fits investors who seek some excitement. I will hang on to my hat and watch this IPO like I watch NBA final games.
Facebook (FB) hopes that the purchase of Instagram helps it solve its China Syndrome with government authorities in the nation holding a tight rein over access to social networking sites. Instagram's relatively clean slate as a platform void of political movements could help it squeeze through censorship filters as Facebook expands its influence in China. [View news story]
I think this is a little bit imaginative way of talking on Facebook's acquiring of Instagram. Does Facebook really need this for its operations in China only?
As of first LTRO, a new rally has started, and since then German market has outperformed any other developed market but I can not say that I do not agree with you, because there are serious downside risks in Euro. Well, LTRO itself is a reason for Euro to lose value inevitably. What is more, what I see in your 3-month EURUSD chart is that it is just making a double-top at 1.3375 and about to go lower levels unless it breaks the resistance.
Dow/Gold Ratio: Too Early To Buy Equities [View article]
It is not only investors who newly have started to take long positions on gold, also central banks have done so since 2008. There is a vast number of sensible reasons to stay long on gold.
Greek Bailout Sparks Risk On Rally In Gold, Silver And Industrial Metals [View article]
What I find hard to believe is that investors still see gold as "safe haven" and risk aversion leads a betting on gold. Well, in my opinion, a 1750$per ounce-priced gold can not be safe haven, so can an investment vehicle at its record level high. I agree with the idea that claims gold's not being an ordinary investment vehicle but arbitrage is a rule of a thumb in the market, I do not mean that gold prices will not go up anymore but I just find it irrational and an evidence of limited-arbitrage theory of behavioral approach to financial markets. After all these, if I say what I really think about gold, you all get how markets are irrational and inefficient because I am betting that gold will hit 1.900$ in next 4-5 weeks.
Monetary Stimulus Tailwinds Shifting Toward Gold [View article]
Why I'm Convinced We're Still In A Bull Market For Gold [View article]
Buy Gold Like The Central Banks Do [View article]
Facebook IPO Analysis: Thanks, But No Thanks [View article]
China Enters Into Recession [View article]
Buy Gold Like The Central Banks Do [View article]
Shocked Facebook Investors' Shining Light [View article]
Facebook Punts, Stalls And Trips Down The IPO Path [View article]
Facebook (FB) hopes that the purchase of Instagram helps it solve its China Syndrome with government authorities in the nation holding a tight rein over access to social networking sites. Instagram's relatively clean slate as a platform void of political movements could help it squeeze through censorship filters as Facebook expands its influence in China. [View news story]
A Yearly Outlook For Emerging Countries [View article]
Highly Worrisome Developments Characterize This Week [View article]
Time To Short The Euro [View article]
Dow/Gold Ratio: Too Early To Buy Equities [View article]
Turkey To Retain Its Low Credit Ratings [View article]
Greek Bailout Sparks Risk On Rally In Gold, Silver And Industrial Metals [View article]