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Add SocGen to the growing list of sell-side shops growing bearish on gold (GLD), calling Fed...

  • Thursday, February 28, 12:50 PM ET
    Add SocGen to the growing list of sell-side shops growing bearish on gold (GLD), calling Fed talk about an exit strategy premature for now, but coming nevertheless. It's a familiar argument to anyone paying attention. The news isn't SocGen's reasoning, but instead the now-fashionable bearishness on the metal.
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This news story has 14 comments:

  •  
    The sentiment shift for gold has shifted swiftly (especially among the hedge fund community). I'm looking to start buying here soon.
    28 Feb, 01:00 PM Reply Like
  •  
    hedge fund's are all about follow the leader... this bull market can speak to that.
    28 Feb, 03:28 PM Reply Like
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    Don't buy at current levels
    http://seekingalpha.co...
    28 Feb, 03:37 PM Reply Like
  •  
    It is a fashionable move...not a smart one...
    28 Feb, 01:11 PM Reply Like
  •  
    How come stocks didn't get the same memo?
    28 Feb, 01:20 PM Reply Like
  •  
    wow so many suckers believing the news
    .Gold is still intact for a long term trend. High deficits and debt have not gone away.Economic improvement as been at best mute. Most of you are forgetting that Japan and Europe are still in crisis.Not to mention gold also when up as interest rates went up in the past.Silly people , great time to buy coming up soon.
    28 Feb, 01:33 PM Reply Like
  •  
    Back up the truck.
    28 Feb, 02:05 PM Reply Like
  •  
    What happened is the crap is finally about to hit the fan, worldwide. Banks and brokers are passing the word that the crooked Comex and it's paper metals are in serious trouble. Folks (and countries) are scrambling to unload the worthless paper and hold real metal.
    28 Feb, 02:17 PM Reply Like
  •  
    Am sure that Bull could be seen when the price of gold comes down near to 1525 to 1535 level. Dont forget that from the next month Indian festival is going to start and central bank will also start buying the gold. Its time to buy the gold
    28 Feb, 02:31 PM Reply Like
  •  
    Kind of scary when we all agree that the time to buy is coming.
    Keep your powder dry!
    28 Feb, 02:34 PM Reply Like
  •  
    A wise man once told me, do your dilligence, but when people are getting out....it's time to get in.
    28 Feb, 03:18 PM Reply Like
  •  
    The bear market in gold began in August 2011. Why the sudden institutional realization is beyond me. Talk about clueless on the topic.
    28 Feb, 04:28 PM Reply Like
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    remember---if fed cant create inflation---which they havent....they can devalue 66% over a weekend.....which tyey will
    28 Feb, 04:34 PM Reply Like
  •  
    We pay insurance premiums to cover the value of our home in case of disaster, anything from flood to wind to fire. I hope that I never have to collect on this insurance policy, but I keep it in force nevertheless as a prudent defensive measure against calamity.

    Whether one is talking about physical gold or mental gold (GLD), my attitude is the same: A couple of thousand years of economic history teaches us to maintain a small percentage of our portfolio in some form of gold as economic insurance, price fluctuations notwithstanding. After all, if the bottom falls out, whatever today's price of gold per troy ounce my prove to be of little import.

    I don't think that this attitude qualifies me as a "gold bug".

    PS: I don't wear both a belt and suspenders to hold my pants up, but it's a thought.
    1 Mar, 09:34 AM Reply Like
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