Seeking Alpha

The decline in gold prices could be an opportunity for bulls, quips MBF Clearing commodities...

The decline in gold prices could be an opportunity for bulls, quips MBF Clearing commodities trader Mark Fisher. "If you're a long-term believer in gold, then you should love this, what's going on, because it's going to give you a chance to buy a significant position at a much cheaper price." The operative two words in that sentence however, are "long-term." "If you're a short-term speculator, good luck." (Video).
Comments (16)
  • SoldHigh
    , contributor
    Comments (995) | Send Message
     
    I've noticed whenever someone says, "long-term," it seems to imply lower in the "short-term."
    15 Apr 2013, 08:01 PM Reply Like
  • New Low Observer
    , contributor
    Comments (2030) | Send Message
     
    good point SH.
    15 Apr 2013, 08:08 PM Reply Like
  • Larry Smith
    , contributor
    Comments (2481) | Send Message
     
    Gold is done.
    15 Apr 2013, 08:43 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    gold will be the only survivor...
    15 Apr 2013, 08:47 PM Reply Like
  • Larry Smith
    , contributor
    Comments (2481) | Send Message
     
    We shall see youngman, good luck. ;-)
    15 Apr 2013, 08:53 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3304) | Send Message
     
    Really - what is it good for? I know a poor Glenn Beck devotee who has been buying gold for the past few years. Too many people bamboozled by that huckster.
    15 Apr 2013, 09:15 PM Reply Like
  • Ananthan Thangavel
    , contributor
    Comments (828) | Send Message
     
    I love how when the price of a purely speculative asset drops, everyone becomes a value investor. Those "happily" buying gold right now should be aware that there really is no actual floor on prices other than true supply/demand fundamentals. With the cost of production of gold well below $1,000/ounce, that floor could be substantially lower.
    15 Apr 2013, 09:15 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3304) | Send Message
     
    Those who believe that gold is the only thing that will save them when the big fall comes will find a cord of firewood may very well be more valuable. If you think that gold will save you from catastrophe, you'd better get more practical minded. As stated above, gold is merely another investment tool, and one that, as any investment, should be just one part of a diversified investment strategy.
    15 Apr 2013, 09:33 PM Reply Like
  • RS055
    , contributor
    Comments (1859) | Send Message
     
    yes , thats true for all investments. There is no "floor" for most of those tech stocks - other than .... supply and demand!
    Yep - da floor surely could be below $1000/ounce ... unless its above!!
    15 Apr 2013, 10:16 PM Reply Like
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    Dr Larry Summers "those who are clueless tout buy long term " Great quote..

     

    Now this is total mental masturbations going on here ! Bulls / bears.. Gold like equities needs a buyer for every seller.. "A good opportunities for the bulls " Who do you think bought the freaking gold !
    15 Apr 2013, 09:17 PM Reply Like
  • anarchist
    , contributor
    Comments (1217) | Send Message
     
    Yesterday all the gold bugs were " backing up their trucks" because of this once in a lifetime opportunity to buy gold at lower prices. Today no one is backing up their trucks - the trucks are full or fear is setting in?
    15 Apr 2013, 10:41 PM Reply Like
  • kingdoms333
    , contributor
    Comments (13) | Send Message
     
    Every market has its 'dumps'! And I do believe that the Big Banks have a huge hand in this. Basel III world wide bank rules are being implemented and that says that the Big Banks must begin accummulating gold to meet the new Basel III bank reserves. It is all the more reason for the banks to drive gold down and be able to buy it much cheaper. This huge short position has been building and it was a matter of time before things began happening....and it is! Fiat Currencies haven't never made it in financial history and they won't again. What does....Gold/Silver! How long will it take for all this to play out.....may take 10 years or maybe 5 years. The world can not run on fiat currencies. Everyone in the know regarding financial history knows this to be a fact.
    15 Apr 2013, 11:48 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8134) | Send Message
     
    When gold bashers talk about gold as an investment they seem to have much higher standards for it than say Zynga, Amazon or Facebook.

     

    Funny how that works...
    16 Apr 2013, 03:59 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Gold will be the true depository of wealth ..it has been for 5000 years.....fiat ..not so good..Countries come and go too....
    16 Apr 2013, 05:32 PM Reply Like
  • bhgoh8130
    , contributor
    Comments (21) | Send Message
     
    Does anyone here know how many tons equivalent of gold were short sold on Friday and Monday, and who are the sellers and buyers? Surely CFTC or CME have the details. How do we get the info?

     

    I would make a wild guess here that the powers that be out there are setting up a couple of HFT machines out there, with one group rapidly selling downwards and another group taking up the offer, and in large numbers. Retailer investors like us are like mosquitoes being swept into such a storm not realizing a bit what the heck has happened.

     

    It surely sounds like a conspiracy for a political purpose, not targeting at long retail investors, but at certain nations that are forced to liquidate their gold reserves?????
    17 Apr 2013, 03:06 AM Reply Like
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    Central Banks ( almost all) have mega amounts of bullion on back order ! This is a wonderful event for them as they have 5 year concensus predictions and see a major event..

     

    CME #s are available to traders & ETF short #s are probably on NASDAQ.com,but, we all need to watch Dubai an see where & who take the deliveries! That's where the action is and they are the supplier to 140 countries !

     

    I started buying gold on this smack down for the first time in 15 years and all the silver I can get,but. will not touch paper PMs and will not store gold inside the USA. NOT !
    17 Apr 2013, 03:20 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|