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"OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy...

"OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%.
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Comments (25)
  • dacama1
    , contributor
    Comments (220) | Send Message
     
    Sorry Bill, its not. Time to retire.
    15 Apr 2013, 10:28 AM Reply Like
  • Larry Smith
    , contributor
    Comments (2682) | Send Message
     
    You have made a lot of bad calls recently Bill

     

    1 - The new normal, investors should expect low single digit returns from stocks.

     

    2 - Sold bonds expecting rates to move higher.

     

    3 - Buy gold.
    15 Apr 2013, 10:29 AM Reply Like
  • mnomis
    , contributor
    Comments (55) | Send Message
     
    The fact that smart guys like Bill cannot get it right tells you something about what has become of the "market" does it not?
    15 Apr 2013, 10:40 AM Reply Like
  • Tao Jaxx
    , contributor
    Comments (1477) | Send Message
     
    Another "expert" exposed.
    Won't prevent the lemmings from following his pontificating pronouncements.
    15 Apr 2013, 10:42 AM Reply Like
  • dwestall2
    , contributor
    Comments (5) | Send Message
     
    Totally manipulated, only the big banks doing the manipulation know what to do.
    15 Apr 2013, 12:07 PM Reply Like
  • mv_sidow
    , contributor
    Comments (97) | Send Message
     
    Bill Gross is not someone I'd take trading advice from.
    Just because he's running a huge bond fund doesn't mean
    he has a clue about the markets.
    It's always amazing to me when a guy gets rich and has some success, he suddenly thinks he's an expert on all topics.
    Look, I wrote about all of this in September 2010 and it is all beginning to take hold now.
    The world wants DOLLARS, the dollar is up not down, the whole Gold trade was a political movement, not one based on reality. Anyone taking trading advice from Glenn Beck is a fool.
    Foreign capital is accelerating it's move into the U.S.
    I predicted this would happen in Sept 2010 based on my understanding of Fed Policy at the time.
    I have since tripled my net worth basing my trading and investing decisions on what the Fed is really doing, not what some right wing think tank jackwads are saying.
    I sold my Gold at $1,840. That has turned out to be one of the best timed trades I've ever made. I then bought Real Estate here in Scottsdale at the bottom and all my properties are up 40% in appraised value in just a year. I shorted gold and made more money. Commodity prices are down, not up.
    It's time for people to wake up, get on the right side of these market opportunities and put the doom and gloom end of the world purveyors of bullshit out of business -
    specifically, idiots like Peter Schiff and Glenn Beck.
    Trading advice:
    1. DON'T FIGHT the FED.
    2. The United States, I wouldn't bet against us.

     

    That's all you need to know.....
    And one more thing:
    BUY LOW, SELL HIGH.

     

    Bernanke sat right on TV and told Congress he hasn't increased the amount of money supply in circulation. go look it up.
    He wasn't lying. King Dollar is back. Anyone betting against the Fed and the Dollar is on a Fool's Errand.....
    15 Apr 2013, 10:57 AM Reply Like
  • Straychan
    , contributor
    Comments (185) | Send Message
     
    mv, my question to you is what about the $17T in debt and the $85T to $225T (depending on what figures you want to believe) in unfunded liabilities? Don't you think that eventually this will lead to the dollar's collapse? We can't possibly ever pay this debt off, at least not without seriously devaluing the dollar. I don't know how long it can be put off, but this is going to end very badly.
    15 Apr 2013, 08:25 PM Reply Like
  • eagle1003
    , contributor
    Comments (1653) | Send Message
     
    mv_down: Could you share some of that investing savvy and tell us where gold and the stock markets are going from here? Your successes are wonderful but already history, if you know what I mean. Let's talk about how to make money in the future.
    15 Apr 2013, 11:07 AM Reply Like
  • eikhan
    , contributor
    Comments (2) | Send Message
     
    It looks the stock market is big casino which is there to make money for the guys running the show like the brokers,fund managers bussiness news agency and all involved in stock trading bussiness.
    It's hard for a common trader no matter carefully he makes trades and take out all the emotions from it with use best fundamentals to find good stocks enter into trade with good technicals on his side.
    But markets lets you down.
    Gold and silver it's the same story,
    Can you imagine countries like India and china with big population and growing demand for gold with increasing middle class,with gold extraction getting expensive,gold and silver down like this as happened in last two days.its looks like high beta stock.
    I think time will tell this whole bussines of stocks,etf and commodities are gambling and only winners are guys running the show.
    15 Apr 2013, 11:32 AM Reply Like
  • brachiosaurus
    , contributor
    Comments (237) | Send Message
     
    clearly bernanke has withdrawn the easy money and now the dollar is screaming! all we need to do is continue putting on the monetary brakes, because bernanke has caused my dollars to be worth more and it has nothing to do with china!
    Right? Who care if china is the largest consumer of gold and their demand happens to be slackening! The 20% drop in gold has to do with Bernanke un-printing 20% of our fiat money, correct??
    15 Apr 2013, 11:44 AM Reply Like
  • uncensored patriot
    , contributor
    Comments (61) | Send Message
     
    Let's see... I suppose Bill is not an old buddy of Ben's from Ben's old GS days, is he? (Or was he just talking up the price for his own self-interests?)
    How would he know what the central bankers are planning and when the central banks will act? He is in the same boat as most of us, isn't he?
    15 Apr 2013, 12:06 PM Reply Like
  • DWALLG9290@aol.com
    , contributor
    Comments (28) | Send Message
     
    I never looked at buying gold as something I may need for myself, but more to the future when the dollar is worth nothing. I was thinking of my children or grand children's possible future, so really I don't care if gold is up, down or side ways. The one thing that is certain is that we can't keep spending more money then we have. The question is how long will China be willing to keep giving us money?
    15 Apr 2013, 12:06 PM Reply Like
  • DWALLG9290@aol.com
    , contributor
    Comments (28) | Send Message
     
    Business Owner.
    15 Apr 2013, 12:08 PM Reply Like
  • Remyngton
    , contributor
    Comments (354) | Send Message
     
    Bill Gross =

     

    bullish at $1900
    bullish at $1800
    bullish at $1700
    bullish at $1600
    bullish at $1500
    bullish at $1400

     

    .
    15 Apr 2013, 12:24 PM Reply Like
  • goldmember steve
    , contributor
    Comments (63) | Send Message
     
    Oh you poor suckers. Bernanke and his cronie friends, the big bankers have duped you all. All they want is the little guys (us) to lose faith in gold and silver so those greedy $#@!s can buy it cheaply for themselves. Not to mention China, Russia and the East are rubbing their hands together greedily at this very moment as they are slurping up all the gold and silver cream that is now being thrown away and spilling into the market by the likes of you disheartened Western investors. In less then a month gold will rebound with a vengence and all those who have lost the faith and sold will be whaling and nashing their teeth and crying out "if only , if only I had kept it " as gold shoots back up past $1900 and silver past $50 and beyond...........You will remember this post and you will eat your very sorry words. But saying that good luck to you all because you are going to need it. :-) For those who have eyes to see whats really going on outside the box, keep buying physical gold and silver at these fantastic prices before its completly unobtainable and before the East steals it at these prices from the West. chching $$$$chchin$$$$ chching$$$$
    15 Apr 2013, 12:37 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (347) | Send Message
     
    Thanks Steve. Do you mind if I show this post and share your info with my friends at the Trilateral Commission? And if you don't mind would you come downtown to the Commission's office for a chat? It shouldn't take long but bring a change in underwear just in case.
    15 Apr 2013, 02:17 PM Reply Like
  • goldmember steve
    , contributor
    Comments (63) | Send Message
     
    :-) Wow must have hit a nerve :-)
    15 Apr 2013, 03:01 PM Reply Like
  • brachiosaurus
    , contributor
    Comments (237) | Send Message
     
    Bernanke is also manipulating copper and oil and silver and iron and everything that the chinese happen to like to buy but also happen to be currently reducing their demand for. that china demand is lowering and even though they are the largest buyer, it is pure coincidence that the price is going down!

     

    It's is clearly a BERNAnke manipulation, he is selling these commodities, reducing FED balance sheet, and un-printing dollars!! It may be true that the chinese don't want as much of these metals as previously thought, but chinese buyers are doing reverse psychology. secretly they are really thinking about maybe rubbing their hands together and slurping that stuff up!
    15 Apr 2013, 07:42 PM Reply Like
  • Remyngton
    , contributor
    Comments (354) | Send Message
     
    Make sure the Tin Foil Hats are ready for these Einsteins
    28 Apr 2013, 08:38 AM Reply Like
  • goldmember steve
    , contributor
    Comments (63) | Send Message
     
    By all means Drew, I have nothing to hide. So you saying, first one is ment to be fearful of the markets and the other fear is the freedom of speech, mmmmmmmm!!! As for underwear? I have a fairly good constitutuion :-) Please find exert from Gold core by Mark O'Byrne: "It may again be the case that bullion banks with large concentrated short positions are manipulating the price lower as has long been alleged by the Gold Anti Trust Action Committee (GATA). The motive would be both to profit and also to allow them to close out their significant short positions at more advantageous prices and possibly even go long in anticipation of higher prices in the coming weeks.

     

    Those with concentrated short positions may also have been concerned about the significant decline in COMEX gold inventories.

     

    The plunge in New York Comex’s gold inventories since February is a reflection of increased demand for the physical metal and concerns about counter party risk with some hedge funds and institutions choosing to own gold in less risky allocated accounts.

     

    Comex gold bullion inventories have slumped 17% already in 2013, falling to just 286.6 metric tons of actual metal on April 11, the lowest since September 2009.

     

    This means that futures speculators on Friday sold a significant amount of more paper gold, in an hour or two, then the entire COMEX physical gold bullion inventories.

     

    Interestingly, the drop in Comex inventories would be the biggest for a whole year since 2001, when bullion began its secular bull market.

     

    Absolutely nothing has changed regarding the fundamentals of the gold market and bullion owners are advised to again focus on the long term and the vital diversification benefits of owning gold over the long term.

     

    Although some Federal Reserve policy makers said that they probably will end their $85 billion monthly U.S. bond purchases sometime in 2013. The key word is ‘probably’ and it remains unlikely that the Federal Reserve will stop their debt monetisation programmes any time in 2013 or even in 2014. End exert
    15 Apr 2013, 02:52 PM Reply Like
  • goldmember steve
    , contributor
    Comments (63) | Send Message
     
    Another for you Drew,

     

    Exert KWN interview---
    On the heels of another cascade of selling in gold and silver, today whistleblower Andrew Maguire told KWN that a stunning 155 tons of paper gold was sold in just one hour. Maguire also spoke KWN about the remarkable amount of central bank buying which took place during that chaotic one hour time frame. Below is what Maguire had to say in this remarkable and exclusive interview

     

    http://bit.ly/ZsZfNc
    15 Apr 2013, 03:07 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (347) | Send Message
     
    and one for you http://bit.ly/116riFh
    These people are all my friends.
    15 Apr 2013, 03:09 PM Reply Like
  • goldmember steve
    , contributor
    Comments (63) | Send Message
     
    Yes well thats a very impressive little list you got there Drew. So people are supposed to sit quietly in the corner, not be allowed to speak because some have a bigger guns (metaphore) and friends then every one else, maybe another name for that is called intimidation. Are you saying democracy is supposed to be put on hold because some dont like what is being said? Now Drew as I understand it if an individual came along and made wild comment/claims on a site such as this then that individual should be allowed to crash and burn as a nut job, however the likes of you who has had the percieved affect of threating has just made me believe more. Wow just wish I had million bucks so I could buy more of the physical shiny yellow and silver stuff.
    15 Apr 2013, 03:31 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (347) | Send Message
     
    Please by all means crash and burn at your own convenience. And then come downtown for a chat.
    15 Apr 2013, 03:44 PM Reply Like
  • goldmember steve
    , contributor
    Comments (63) | Send Message
     
    Thankyou Drew. I choose to decline your kind offer as I far more important things to do.
    15 Apr 2013, 03:58 PM Reply Like
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