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Renoir

Renoir
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  • Gold, Silver And Bears Oh My: What Is Behind The Huge Sell-Off? [View article]
    Because I trade paper gold , never so much as seen a mine , you want some @ $1300?
    Apr 15 11:12 AM | 1 Like Like |Link to Comment
  • It's "death bells" for commodities, says Citigroup, calling 2013 the year in which it's realized the commodity supercycle is over and a new era in which the relative performance of how "stuff" performs against each other and other assets is what matters. Specifically on oil, Citi calls Q1's move higher without merit and expects the recent downtick in prices to continue. [View news story]
    I think people new to the gold market have mistaken the past few years rise as normal market behavior . If gold rose at the same rate as the last 5 years it would be worth around $45k per Oz within 15 years ...This im sure you agree would be completely unsustainable as I feel is the gold bubble we are still in now , without the global panic gold would be in the $6-800 range right now , no higher. be careful buying into it .
    Apr 13 09:13 PM | 1 Like Like |Link to Comment
  • Gold, Silver And Bears Oh My: What Is Behind The Huge Sell-Off? [View article]
    .We go up , we come down , you get the same amount of dollars to the pound now with gold at 1500 as you did 5 years ago when gold was in the 600's . people have to write articles and broadcasters have to broadcast but the simple fact is we going down and will be until the last few years of panic has been sold off . for me gold is a buy around the $800 mark and I cannot see it being above $1200 by the end of the year very possibly a lot sooner as in by the end of the month ?/ who knows..
    Apr 13 07:56 PM | 2 Likes Like |Link to Comment
  • U.S. Market Setting Up for a 2nd Half Rally [View article]
    Who know's what way things will turn , geopolitics and all the rest change all our opinions and projections on a daily basis at the moment.

    Im trading Currencies in Copenhagen , and have been selling off EUR/USD every time it gets near to late 157's for the past couple of months .
    160 just doesnt seem beneficial to anyone at the moment and feel its going to take some further 'serious' US financial losses to push it over that mark.

    Crude is definatelly a speculator driven bubble , the crude currencies havent risen anywhere near the rate they would have if it was fundamental.
    Saying that , its completelly reasonable to physically see $150+ crude within the near future if current us foreign policy remains the same.
    What I would really love to see :
    Obama becomes president , the world lets out a big sigh of releif , crude drops rapidly to below $100 , USD rallies and sustains the rally reinstating market confidence and long term investment to the United States of America.
    Jun 1 02:27 PM | Likes Like |Link to Comment
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