chux08

Is the Gold Rally Overheated?

"Citigroup (NYSE: C) recently put its stamp of approval on gold, announcing an increased six- to 12-month estimate for gold prices from $975/ounce to $1,025/ounce. The decision was based on a weakening U.S. dollar, increase in investor demand and diversification of the dollar reserves and portfolios."


Hmmmm.....from one of their own too. No wonder they're going to go bankrupt. The Forces of the Dark-Side over at the FED can't be too happy about this!!! What's next?? Citi selling gold and silver bullion like some two bit bank in Canada??

7 Myths About Gold Debunked: Bubble Warning; $600 Target?

“We are coming back to gold as a buyer this morning,” Dennis Gartman, an economist in Suffolk, Virginia, wrote in his Gartman Letter today. The fact “that the bond market is weakening and that the energy market is strengthening is forcing our hand,” he said."


Dennis "the Menace" Gartman is a LIFETIME LOSER in the gold market(s) and those that follow his advice, at least when it comes to gold, do so at their own peril.
Mark my word.....this bandit WILL WIND UP BAILING on his gold position AND his subscribers JUST LIKE HE ALWAYS DOES. I've never seen such a CLOWN SHOW as Dennis Gartman even talking....gold. You watch, at the first sign of the price going down and you'll see ANOTHER Gartman bailing expedition. When in reality, buying weakness, when the price is going DOWN and selling INTO STRENGTH, when the price is rising, is the way to CONSTANT PROFITS, just like the bankers have managed to do since the beginning of time. Where have you heard this before?? It wasn't from Dennis Gartman.... It was here: gracelandupdates.com

Bullish Long Term Gold Sentiment Continues

"Any thoughts, opinions on SLV's direction, or silver in general?"


Yes....up in a general sense. While GLD & SLV have great liquidity & market recognition, I'd only consider those for short term trading....REAL short.

If I was looking for an "investment" instead of a short term trading vehicle, for silver it would be (CEF) and for gold it would have to be (GTU) hands down. Well known, well run, long lived and above all else.....SAFE.

www.centralfund.com/
www.gold-trust.com/

Will Gold Revisit Highs This Week?

If it goes up, I'm selling more. If it goes down, I'll turn into a buyer. It's that simple.....

Gold as a Savings Instrument - Not an Investment

I have a chart that shows what happened to $100,00 invested in the NASDAQ, the S&P 500, the DOW, Silver & Gold on January 1, 2000.

On October 15, 2008 this chart said that same $100k invested in the NASDAQ mentioned above would be worth $40, 327
the S & P 500 would be worth $62,022
the DOW would be worth $74,897
Silver would be worth $188,991 and $100k invested in GOLD on January 1, 2000 would be worth on October 15, 2008

$293,588

This chart was published at Casey Research dot com and if one picture was ever worth a thousand words....well, I wish I could show it to you because the anti gold people STILL....can't handle the truth. And the truth IS, since January 1, 2000 and besides being REAL MONEY, GOLD (and PM's in general) HAS BEEN THE PLACE TO BE, at least in that time frame.

8 Reasons ETF Investors Go for the Gold

All of history's alchemists and all the other government magicians since time began have never been able to "make" gold and that's the real reason for it's....value, perceived or not. It is what it is and that it has been used and seen as money and a store of wealth for millions of people over the span of thousands of years is without argument. And all with or without any government's approval. I have a hard time contemplating any economic reality if the barbarous relic didn't exist.
And finally, I'd bet almost anything that the anti-gold crowd also hated history, along with Austrian, free market economics if they were even exposed to it in school. No wonder there's such ignorance about gold in our country. It was planned that way....

You Can Get on the Gold Train and Ride the Dollar

Wow...another dollar worshiper who hasn't heard the printing presses running full time, 24/7 and inflation running along at over 10% who says the dollar should get stronger but he's not investing in dollars...yet. Some premise!
These dollar prognosticators...wher... do they find them?? I like this part too:

"You want me to believe demand for gold is up 300% since 92? I do not believe that. Gold is not copper or steel. Gold has no value except jewelry and some industrial parts, but very little. There was no catastrophic invention consuming the world's gold supply. Cars are not going to run on gold."

That's it...this guy's an anti-gold bug, if you can get your mind around that.
My advice? Repeat after me, GOLD IS REAL MONEY, paper dollars are fakes, GOLD IS REAL MONEY, dollars are fakes, gold is REAL MONEY, and the dollars in your pocket (as measures of wealth) are fakes. Thinking about gold and commodities together is obviously confusing (especially to dollar aficionados like the author) and should be avoided.