frdm45

Gold: Despite Recent Rise, It's Still Under Water

This just goes to show you how dangerous stats can be in the wrong hands. An extremely disingenuous article, just goes to show you can manipulate any stat to prove your point.

Boyd, how long was that peak? How many days did gold stay above even $600 then?????? Uh, 60 days.

And gee, the Dow has done so well over the last ten years, what mark did it cross in 1999? Oh, 10,000 you say?

And how much has gold risen since it was allowd to float in 1971? What was then price then? $35? How is that for a return against your other asset classes?

What a joke of an article. Most posters here do a way better job. How did you get your job at the Globe and Mail?

As Usual, Gold Is Cheap

$2300????????

People keep on bandying about the old inflation adjusted price of $2300. Of course that is one data point to consider, but just how significant is it?

Are the same factors that propelled gold to that level in play now?

For example, on the downside, back then there weren't as many (I'm assuming) paper substitutes for gold that actually steered money away from physical gold as now.
On the upside, I can't imagine foreign central bank demand was as strong back then, which has just started to come into play now, or that the prospects for the dollar were as dismal back then as they are now.


..

Smart Money Is in Precious Metals, But a Local Top Is Close

Why does this author talk about gold and silver tops in almost every single article? And he seems to take the same "on the fence stance" in each one as well, with each title sounding very ominous. I'm not trying to be disrespectful, just calling them as I see them. TAKE A STAND!

3 Reasons Not to Believe In Gold's Recent Rally

True, the people mentioned below have vested interests in the commodities they speak about, however, I do respect people who put their money where their mouth is, unlike the Roubini's of the world. These people are proving their conviction, and I don't think their words alone are enough to have more than a miniscule influence upon these massive, globally traded commodities. Go ask somone who isn't into trading or serious investing, like a friend, relative or neighbour; who is Jim Rogers, Paulson, Einhorn, etc and see what the response is.


On Nov 11 11:51 AM Steve Mc wrote:

> Thanks for posting your article. People also need to remember when
> listening to people like Rogers, Paulson, Schiff, and others, that
> these men all have vested interests in getting you on their sides
> of the trade.
>
> Take Jim Rogers for example. Every single day the man speaks about
> how commodities are going to go higher over the next twenty years.
> Interesting that he runs the RJI commodity fund, isn't it? I'm not
> saying he is wrong in his prediction, but what I am saying is that
> he has financial motivations to make his predictions reality. I would
> say the same thing about Schiff, Paulson and anyone else who makes
> predicitons that Gold is going to $5,000.
>
> They want you on their side of the trade.

IMF Sells 200 Tonnes of Gold to India for $6.7 Billion

Hmmmm......I just read they bought it at about $1045, seems rather high, why do you think they'd rather pay up than buy on a dip......do you reckon they think there will be a physical supply squeeze??? Go get your gold out of Kitco...........

Beware Fortune Magazine's Gold Warning

Great article! I hope it gets widepread distribution.