Seeking Alpha

Gold can't hold onto gains despite monetary spigots opening everywhere, falling especially...

Gold can't hold onto gains despite monetary spigots opening everywhere, falling especially quickly following the timid move by the ECB, now -0.5% to $1,612.
From other sites
Comments (5)
  • SuperCycleBear
    , contributor
    Comments (50) | Send Message
     
    Buy the dip. It seems inevitable the CBs will have to diversify their reserves in to gold. The higher it goes, the less indebted we all are.
    5 Jul 2012, 08:08 AM Reply Like
  • Jim McCraigh
    , contributor
    Comments (162) | Send Message
     
    The ECB is fooling itself by thinking that a wimpy rate change will do anything to help the EU situation. Its just window-dressing. we posted July 4th on this rate change and the price of gold at http://wp.me/p2esYO-9j
    5 Jul 2012, 09:24 AM Reply Like
  • Garfield23
    , contributor
    Comments (162) | Send Message
     
    mega jump in gold/silver coming
    5 Jul 2012, 10:12 AM Reply Like
  • jpm915
    , contributor
    Comments (2) | Send Message
     
    i am a 60 yr. old retiree & also an investor who purchased gold for the first time ever!!! i am hoping garfield 23 has an accurate projection of a mega-hike in precious metals!!!
    5 Jul 2012, 04:30 PM Reply Like
  • rfgeist
    , contributor
    Comments (7) | Send Message
     
    Still in cash. Thinking gold to drop another 20%. Looks like another 2008-09 drop to me and then a huge move up above $2000.
    5 Jul 2012, 09:42 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs