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JudeJin » Comments » GLD

  • Faber: Gold a Better Buy than at $300/oz. [View article]
    half of the world's annual gold production is consumed by india and china. much richer europeans, americans and japanese are still sleeping.
    Nov 19 03:26 am |Rating: +2 0 |Link to Comment
  • Recent Market Activity: Gold, USD, China and Japan's Sovereign CDS  [View article]
    gold crashed not because of volcker.
    there were many reasons:
    1. burst of oil bubble
    2. gold finished its bull run, reached its theoretical value according to gold standard.
    3. china began to export deflation
    4. IT revolution
    5. rising stocks and declining gold mega trend.

    volcker won't be effective now. some other volcker will be effective only when gold will have finished its bull run.
    Nov 16 22:51 pm |Rating: 0 0 |Link to Comment
  • Gold and Silver Continue Their Ascent [View article]
    up to 2008, half of the annual gold production had been consumed by two countries: china and india.

    so the rest of the world competed for the rest, about 1000 tons.

    guess what the price would be when the much more affluent european, american, japanese start to buy gold.
    Nov 16 09:27 am |Rating: +4 0 |Link to Comment
  • Weekly Recap: Is the U.S. Going Bankrupt? [View article]
    technicals can go to very extremes for extended period of time. we're facing unprecendented situations. black swan if you will.

    the upside in gold(gold miners) is so big that we shouldn't be worried any short term corrections if any.

    the gold miners have underperformed gold but also put them right at the sweet spot now, meaning there's not much downside as long as gold stays above 1050 and they're fully levered to the rise of gold price.
    Nov 13 11:34 am |Rating: +4 -1 |Link to Comment
  • 3 Reasons Not to Believe In Gold's Recent Rally [View article]
    a mind as smart as yours can always find 3 reasons to not to believe in gold's rally. missing the bull move says your mind is not smart enough.
    Nov 12 00:09 am |Rating: +1 -6 |Link to Comment
  • Gold Transforming into a Completely Demonetized Wealth Asset [View article]
    warren buffett's wealth has evaporated over 60% against gold since 2000. please think hard about this.
    Nov 06 14:14 pm |Rating: +6 -4 |Link to Comment
  • Gold Transforming into a Completely Demonetized Wealth Asset [View article]
    gold is real money. nobody can demonetize it.
    money is asset and wealth of course. asset may not be money.
    Nov 06 05:09 am |Rating: +5 0 |Link to Comment
  • India Needs to Get Aggressive with Its Reserves [View article]
    the author is contradicting himselt at best
    Nov 06 03:18 am |Rating: 0 0 |Link to Comment
  • Gold's Big Secret - No One's Actually Buying [View article]
    when we read news about indians buying a lot of gold, gold still has a lot of room to rise.
    www.news.com.au/story/...

    japanese,europeans, americans are 30 times richer than the indians!
    Oct 28 02:34 am |Rating: +1 -1 |Link to Comment
  • Gold's Big Secret - No One's Actually Buying [View article]
    mutual fund managers in china are known to prop up stocks that they bought using their own money under someone else' name.

    i wouldn't be surprised that those managers at PBOC who make buy decisions of gold run their own commodities pool trading gold futures, confident that their 2 trillion dollar arsenal is more than enough to prop up anything they trade.

    so the china "put" is quite real in this sense.

    i heard there was a quite sizable pool put together by three well-connected rich businessman in shenzhen focused exclusively on gold and gold mines.
    Oct 28 02:15 am |Rating: +2 0 |Link to Comment
  • Gold's Big Secret - No One's Actually Buying [View article]
    people's bank of china bought physical gold in overseas market recently.
    Oct 27 21:40 pm |Rating: +1 0 |Link to Comment
  • A New Way of Valuing Gold [View article]
    there's only one way to value gold, which is calculating gold's theoretical price based on gold standard.
    if we use USA's M0, its theoretical price is above 3000/ounce. if we use M1, its theoretical price is above 6000/ounce.

    in 1980, when gold shot up to 800/ounce, it is between the M0 and M1 theoretical prices!
    Oct 07 09:28 am |Rating: +4 0 |Link to Comment
  • The Arithmetic of Gold: Why Its Price Has No Ceiling [View article]
    whoever comments on gold please get the facts straight. central banks only have 30000 tons of gold. the fed has 8000 tons, china's central bank has 1000 tons. at today's price, china's fx reserve can buy around 60000 tons of gold, that's 30 years of world's production.

    the world only has around 150000 tons of gold ever mined since the big bang.
    Oct 07 09:21 am |Rating: +38 -1 |Link to Comment
  • Gold Supported by Fed Statement  [View article]
    benanke is a m*r*n. he wasted his life on an evil cause and he made no money so far!! look at how tiny his own fortune is. his pale face says it all.
    Sep 24 21:43 pm |Rating: 0 -2 |Link to Comment
  • The Short and Long Term Outlook for Gold, Silver [View article]
    gold price rose in 1980 to between where US M0 and M1 would price it based on gold standard.

    it was not over valued in 1980, neither is it today!
    Sep 23 03:23 am |Rating: +1 0 |Link to Comment
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