A healthy market is supposed to rally on good news, yes? If so, things don't look good for the...

A healthy market is supposed to rally on good news, yes? If so, things don't look good for the gold bulls, as the metal fails to muster any bounce on news of the massive BOJ easing. GLD -0.9% premarket with gold at $1,544/oz. - its lowest level since late June.

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Comments (18)
  • johnontherock
    , contributor
    Comments (8) | Send Message
    there is no threat to american growth,the economy is on track for 3% growth by year end.inflation is under control so gold is heading to 1400
    4 Apr 2013, 07:24 AM Reply Like
  • Matt Jonza
    , contributor
    Comments (86) | Send Message
    3% growth? I wish
    4 Apr 2013, 09:02 AM Reply Like
  • tr4head
    , contributor
    Comments (316) | Send Message
    Unfortuntely, you are incorrect on all accounts. Growth is ALWAYS faked higher, then revised lower. Since the current adminstration took office, 13 or 19 GDP estimates were wrong on upside. As to inflation, if you believe its 2%, then I have some swampland for you.


    I know its convenient to go along with the flow, but best advise now is to lighten way up on stocks (esp US and Europe, exc Emerging Markets/Asia) and start buying a little gold now when it is low.
    4 Apr 2013, 09:36 AM Reply Like
  • mstrong1
    , contributor
    Comments (89) | Send Message
    Great, I'll keep buying physical PM's all the way down. Hope you are correct so I can get more kilo's before SHTF time.
    4 Apr 2013, 11:51 AM Reply Like
  • tr4head
    , contributor
    Comments (316) | Send Message
    BTW - US equities are already at year end (2013 consensus) - this is what happens when stocks are being hawked by all the pros, central bankers and FED. Don't get fooled!
    4 Apr 2013, 01:45 PM Reply Like
  • Tschurin
    , contributor
    Comments (381) | Send Message
    Am not making any predictions but it's worth keeping in mind that once you adjust for the stronger dollar, I'm pretty sure that gold is still trading in the same range it's been in for about the past year-and-a-half. It's at least possible that some people may be getting worked up about not much.
    4 Apr 2013, 07:31 AM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (4767) | Send Message
    Wait a second...dollar up, gold down right? So if the Yen, Pound and Euro go down in value, by default, the dollar benefits, which is why we see it north of 83 right now and have gold and silver under pressure priced in dollars since this current bounce in the dollar, which began when? When gold started this leg down in September of 2011. http://bit.ly/ZBmwv3


    While it is a race to the bottom for all currencies, in attempts to make each countries goods and services cheaper and improve upon exports and GDP, perception has the dollar still king. This however won't last as the Fed maneuvers are only propping up more bubbles everywhere, including the stock market, treasuries and real estate again.


    What this does do is represent a buying opportunity for gold and silver at prices discounted to what they will be in the years to come.


    Banks still don't mark to market their assets.
    Banks have more sub-investment grade derivatives on the books than at the height of the 2008 crisis.
    Obama getting those that can't afford to buy a house the opportunity to buy a house again (deja vu)
    Unsustainable everything government does with a National Debt that hasn't decreased since Reagan's military expansion.
    Europe a mess.
    Japan a mess.
    UK a mess.
    No, those people aren't buying gold are they?
    4 Apr 2013, 07:33 AM Reply Like
  • Gold Silver Worlds
    , contributor
    Comments (19) | Send Message
    Doug, I think I agree with your view. I'd like to add one thing: markets know more than we do. The mechanic sell of in gold this week was too manufactured. The markets knew something that we as ordinary people did not. I have the impression today's news gives a clue: Japan to create additionally +2 trillions of Yen in the coming 24 months. I didn't check the data yet, but my assumption is that money is flowing into that trade ... ahead of what we all know when looking for a causal effect between gold price and news events. Could be wrong though.
    4 Apr 2013, 07:46 AM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (4767) | Send Message
    Hi Gold Silver Worlds, I used to have the domain in Japanese for buygoldjapan (.jp), but I gave it up last year. Too many issues with customs in getting people gold, etc. I had buygoldjapan.com here too, but not enough hits to keep it (I see some other gold company took it, lol). I have a contact in Japan who translated one of my articles into Japanese here: http://bit.ly/10ufuM8


    According to him, they don't have independent gold dealers in Japan and he is trying to also spread the word about silver. I imagine the Japanese are scrambling to find ways to hedge their current currency debasement. Gold priced in Yen up .57% today with the latest news as the Yen is presently down more than 2.6% versus the dollar.
    4 Apr 2013, 08:00 AM Reply Like
  • Denny_Chasteen
    , contributor
    Comments (688) | Send Message
    The dollar is just the prettiest old gal down at the government run nursing home. Dance with her all you want to. Meanwhile I am dancing with gold and silver at "Club Physical."
    4 Apr 2013, 08:13 AM Reply Like
  • Gold Silver Worlds
    , contributor
    Comments (19) | Send Message
    hi Doug, I saw yen gold indeed and wrote about it ... really amazing how Société Générale can come up the same day and call the end of gold's bull market ...


    People simply still don't get the fundamental idea behind gold > it's not a trading vehicle, it's a monetary asset. Anyway.


    I would be interested to have my articles out there in Japanese. Do you think there a "market" for non-Japanese offering content & services?
    5 Apr 2013, 06:02 AM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (4767) | Send Message
    Don't really see the market in Japan or I would have kept the domains. I do however have Japanese clients who tend to make larger purchases. Perhaps I should have kept it.
    5 Apr 2013, 09:25 AM Reply Like
  • bag189
    , contributor
    Comments (9) | Send Message
    BOJ easing strengthens the USD. At the same time, some on the FED board are threatening a end to QE. This is a double wammy on Gold. What was more worrisome was the lack of movement on a day with weak job numbers and North Korea threats. That is what bothered me
    4 Apr 2013, 07:53 AM Reply Like
  • bertrandrighi2
    , contributor
    Comments (35) | Send Message
    Obviously the price of Gold is rigged. Keep it easy, the US economy alone, will not dictate the price of Gold. There are a LOT of big buyers, like Central Banks, and not all of them siding with the US views... Indeed the price of Gold does not rally. For the big buyers, good opportunity, they buy fist over hand, and prices keep as low as ever, great news really, quite of a miracle should I say. As they want to buy a few thousands metric tons more, and the whole Gold on the planet to mine is no more than 50,000 tons, we should see the reality of the market, soon or later... Maybe late, when it will finally be cleaned from PAPER-GOLD, than one not being limited.
    I see Germany wants their Gold physically back home, and strangely they are requested to get it over a period of 20 years. Maybe that long to clean off PAPER GOLD. It's THEIR OWN GOLD, they should be able to get it with no delay,methink... Methink, strangely, NO ONE, could ever SEE it, in the vaults, since it departed Germany, to be safe from a possible Russian Hi Jack, during Cold War...
    Of course it may happen an asteroid 99% Gold would crash on the Planet, or other unexpected discovery: a week ago, a Thai newpaper, " the Nation ", was stating that ONE MILLION TONS ( did they mean "tons" or Ounces...? ) just been discovered in the North of Thailand. It was NOT on Fool's Day. Indeed in some places it's Fool's Day, everyday...
    4 Apr 2013, 08:22 AM Reply Like
  • worldclass777
    , contributor
    Comments (181) | Send Message
    Sellers are being flushed out of gold. the bank of england has held off more money printing due to inflation concerns. As long as uncle sam runs the printing presses eventually the gold trade will take off again.
    4 Apr 2013, 08:32 AM Reply Like
  • hummerh25
    , contributor
    Comments (99) | Send Message
    Only way gold and silver will go up is if North Korea strikes.
    Buy the DZZ, short gold.
    4 Apr 2013, 09:11 AM Reply Like
  • User 7462141
    , contributor
    Comment (1) | Send Message
    If you are talking Japanese BOJ doing QE there are a couple of things you need to unsderstand. 1) They havent eased yet. BOJ has done nothing, all that has happened is the market has reacted to their threats of easing. There will be a strengthening of Yen at some point rather than weekness. 2) Price of gold in Yen terms has gone up in price, as it has with all currencies. Now in a lull. I bought when it was £225 oz in 2005. Currently the USD is strengthening because of risk which is normal. When USA goes back into crisis gold will go up in value. Like Bitcoin is going up in value at the mo
    4 Apr 2013, 01:45 PM Reply Like
  • OdysseusCA
    , contributor
    Comments (92) | Send Message
    In another article about Gold a commenter stated that the reason Precious Metals were taking a pounding was partly due to the fact that China is on holiday till Monday. So they aren't buying at the moment.


    While JP Morgan & other banks try to short the equivalent of yearly global production of precious metals in paper today trying to trip stop loss orders it just might be a good day to backup the old pickup and fill the bed.
    4 Apr 2013, 01:53 PM Reply Like
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