Gold's reaction to Tuesday's fake AP tweet illustrates a "new reality" for the metal says...

Gold's reaction to Tuesday's fake AP tweet illustrates a "new reality" for the metal says Deutsche's Jens Johansen, who notes the price reacted last (vs. stocks and currencies) and barely budged. His team feels this lends support to their bearish thesis for gold and an expectation it's headed to $1,300 before stabilizing. GLD +1.7%.

From other sites
Comments (10)
  • mickmars
    , contributor
    Comments (1312) | Send Message
    Just means they don't have a computer program surfing twitter to buy Gold on horrific news. We know they have one running for the SPY.
    25 Apr 2013, 10:48 AM Reply Like
  • pmiller100
    , contributor
    Comments (359) | Send Message
    Johansen makes what seems to me to be one of the more ignorant comments of any stuffed suit. Look at MCD vs WEN, or D vs NGG. Only the bigger companies were connected to the headline-searching computer. So, he now is looking at the gold futures market and concluding something because gold had the same non-response to a fraudulent tweet that Wendy's had?


    Stuff that makes you scratch your head and wonder how these guys got and/or keep their jobs.
    25 Apr 2013, 10:54 AM Reply Like
  • wmateri
    , contributor
    Comments (571) | Send Message
    I have to agree with mickmars and pmiller100. This looks like one of the stupidest mis-calls I've ever heard. The two comments are probably much closer to the truth. I would think the failure to drop in minutes on potentially horrible news shows gold is stable to everything except massive CB manipulation.
    25 Apr 2013, 10:59 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
    Ice cream sales went up in NYC at the same what? corelation...
    25 Apr 2013, 11:11 AM Reply Like
  • techtrac
    , contributor
    Comments (5) | Send Message
    That's not exactly true


    AU bounced off of $1400-1410 intra day & hasn't looked back since then
    25 Apr 2013, 11:20 AM Reply Like
  • uncensored patriot
    , contributor
    Comments (61) | Send Message
    Does anyone still trust anything said or done by representatives of the TBTF banks?
    25 Apr 2013, 11:20 AM Reply Like
  • Denny_Chasteen
    , contributor
    Comments (688) | Send Message
    Well, Gold was stable when equities were crashing. Isn't that exactly why we hold physical gold for the long term? I agree with pmiller100, that is about the most stupid conclusion anyone could make. Scratching my head. How do these guys find someone who will pay them for being so outright stupid?


    In reality Deutsche wants the price to go to $1,300 so they can buy more even cheaper. That's what's going on here. It's a shake down of the weak kneed morons who are willing to dump their gold at fire sale prices.


    The bankers are all just a bunch of Deutsche bags.
    25 Apr 2013, 01:16 PM Reply Like
  • stillcynthia
    , contributor
    Comments (3) | Send Message
    Interesting to see Deutsche Bank AG still busy week after week trying to manipulate gold prices with their baseless comments attempting to drive gold prices to 1300.00 or below...Mr. Johansen is not watching the market per his misguided statement...Stay tuned...This is a strong indicator that the bankers should be relegated to monetary issues and the commodity and investment firms should be the sole market makers for all traded commodities to include precious metals.
    25 Apr 2013, 01:16 PM Reply Like
  • niceguy
    , contributor
    Comments (103) | Send Message
    Sounds they're willing to stretch to any limits in searching for things that can be spun as bad news for gold.


    Why all the fuss ? What's the agenda ? It's stopping people at all cost from having a logical go-to vehicle to protect themselves against the fiscal mismanagement of our politicians.
    25 Apr 2013, 01:20 PM Reply Like
  • CassandraSees
    , contributor
    Comments (483) | Send Message
    Like a rubber band - - Let them continue to artificially push gold down - - Eventually it will break free and reach its true value
    26 Apr 2013, 09:36 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
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