Likewise, I am not sure how "inflation" is being measured. The data produced by the US govt is little more than a statistical contrivance that ignores many real sources of inflation.
Will The Next Week Answer Correction Question? [View article]
To what extent does the Lunar New Year affect your projections for the coming week? As you know, many countries will not be trading this week, including China. Thanks.
GLD: Can The Bulls Catch A Break(Out)? [View article]
I appreciate the depth of thinking in Avi Gilburt's writings. My one question is his definition of "intermediate term". Are we looking at 6 months or year or two years? It would be helpful to know this.
The Bundesbank is repatriating at least part of its gold from New York (where 45% of the country's reserves are held) and Paris (11%), according to Handelsblatt. Steve Liesman says the Buba has confirmed the story, and the amounts are to be announced tomorrow. [View news story]
In times of trouble, people and governments turn to gold. I think this move signifies that bad times are on the horizon for the western world. No matter how many 'talking heads' refer to gold as the 'barbarous relic' or 'uncivilized', gold is the currency of choice when fiat currencies inevitably fail.
More than any other market in the world, gold is best analyzed technically, says (technician) Peter Brandt. His charts tell him the metal's 15-month sideways action could be setting the stage for a major advance. Maybe not yet though, as there's good reason to believe the flattish activity could continue for many more months. [View news story]
You make a great point. This is like Jim Cramer on CNBC. No matter what a particular asset does, Cramer always says "Told ya!" Remember Facebook? It was shameful to watch him take credit for predicting the stock's decline and then took credit for the stock's recovery. He did it all with fervent conviction in his voice. Amazing!
More than any other market in the world, gold is best analyzed technically, says (technician) Peter Brandt. His charts tell him the metal's 15-month sideways action could be setting the stage for a major advance. Maybe not yet though, as there's good reason to believe the flattish activity could continue for many more months. [View news story]
Technical analysis isn't much better than the 'talking heads' on CNBC. Maybe the markets will go up or they may go down. Oh, really!
The central thesis of gold bugs - that the Fed has lost control of the money supply - is now "in tatters," writes Dennis Gartman. The bulls only hope is a more dovish FOMC in 2013. It may be so at the margin, but not materially so, he says. Gold -1.8%, but - as they say - off the lows. [View news story]
100% agree. Gartman has 20/20 hindsight -- but no foresight. He is similar to CNBC's Cramer who has the obnoxious habit of saying "Told ya" no matter which way the markets goes.
Gold Update: The Song Remains The Same [View article]
The long-term trend for gold is clearly positive. The unlimited printing of fiat currencies by various governments assures it. The profit taking in gold right now is logical and spurred by the expected boost in capital gains in the U.S. Gold is a buy-and-hold asset.
The recent negative downdraft on gold may be due to capital gains and taxes tied to the fiscal cliff. Some investors are taking year-end profits. Longer term, gold is still the place to be however.
Let's remember that gold is highly liquid and if sovereigns or hedge funds need to raise cash quickly, large chunks of gold will be sold and that will affect price in the very short term. Long term, gold is a terrific hold.
Goldbugs may want to ask John Paulson to stop as the ice-cold fund manager upped his stake in GLD by 26% to 21.8M shares in Q2. (13-F) [View news story]
The key for any precious metal investor is patience. Soros and Paulson will be rewarded if they hold and wait. Flipping won't work here.
More from the FOMC: The committee does downgrade its assessment of the economy, saying information received since the June meeting suggests a deceleration. However, there's no new candy for now. Over to you, Mr. Draghi. S&P 500 -0.3% after being marginally higher. The dollar moves up, particularly against the euro (FXE -0.5%). Gold sheds a few dollars, GLD -1.2%. [View news story]
It is just a matter of time before QE3 and gold price escalation. 2012 will be the year of the "Goldbug".
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
Nothing to worry about. Gold will eventually go up simply because people believe it should.
The Real Price Of Gold [View article]
Will The Next Week Answer Correction Question? [View article]
GLD: Can The Bulls Catch A Break(Out)? [View article]
The Bundesbank is repatriating at least part of its gold from New York (where 45% of the country's reserves are held) and Paris (11%), according to Handelsblatt. Steve Liesman says the Buba has confirmed the story, and the amounts are to be announced tomorrow. [View news story]
More than any other market in the world, gold is best analyzed technically, says (technician) Peter Brandt. His charts tell him the metal's 15-month sideways action could be setting the stage for a major advance. Maybe not yet though, as there's good reason to believe the flattish activity could continue for many more months. [View news story]
More than any other market in the world, gold is best analyzed technically, says (technician) Peter Brandt. His charts tell him the metal's 15-month sideways action could be setting the stage for a major advance. Maybe not yet though, as there's good reason to believe the flattish activity could continue for many more months. [View news story]
The central thesis of gold bugs - that the Fed has lost control of the money supply - is now "in tatters," writes Dennis Gartman. The bulls only hope is a more dovish FOMC in 2013. It may be so at the margin, but not materially so, he says. Gold -1.8%, but - as they say - off the lows. [View news story]
Gold Update: The Song Remains The Same [View article]
A sliding dollar is of no help to sensitive commodities, all tumbling in early trade. GLD -1.4%, SLV -2.2%, USO -1.2% premarket. [View news story]
A sliding dollar is of no help to sensitive commodities, all tumbling in early trade. GLD -1.4%, SLV -2.2%, USO -1.2% premarket. [View news story]
Dan Loeb's Third Point hedge fund discloses holding 1.5M shares of Murphy Oil (MUR +0.2%) as of June 30. MUR is now the fund's fifth largest position behind YHOO, GLD, AAPL and AIG. [View news story]
Goldbugs may want to ask John Paulson to stop as the ice-cold fund manager upped his stake in GLD by 26% to 21.8M shares in Q2. (13-F) [View news story]
More from the FOMC: The committee does downgrade its assessment of the economy, saying information received since the June meeting suggests a deceleration. However, there's no new candy for now. Over to you, Mr. Draghi. S&P 500 -0.3% after being marginally higher. The dollar moves up, particularly against the euro (FXE -0.5%). Gold sheds a few dollars, GLD -1.2%. [View news story]
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]