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Why Gold Prices Didn't Really Rise Last Week

Retail investors will drive the price lower to attract demand from buyers who are currently in the sidelines (i.e. jewerly), once those buyers are lured back into the market then the price will rise once again, meantime the trend is down, sell USD 30 rallies and you will stay in the trend. The manipulation theory has never had real support, from my standpoint, if you got the money you move the market at your will so you can make good money, as simple as that, USD 800 will be a good buy later in the year. On the other hand Mining stocks will do extremely well, short term, that is a good alternative, miners lagged for a long time and will outperform Gold itself for now.

The End of Gold, Part Three

Patience is the only valuable virtue of every investor, I dump my Gold this morning at the European open and see what happened. Needless to say what USD 930 / 920 means now, a terrific suport for the subsequent run up to my former USD 1.200 limit price. Well that't how it works.

Gold's Performance Relative to Dollar, Yen and Euro

Quote "Gold may reach new twenty-year highs. A trend is a trend, until it is not a trend. On the other hand, every rubber band can only stretch so far" Unquote.

The wisest thought I've heard lately. Buy compressed springboards and sell stretched rubber bands. That's how Gold has consolidated during the past 10 months, no matter what bulls and bears may otherwise say for the long term expectation, Staying on the current trend is the right thing to do until the end of the 2Q 2009 at least in my view with due respect to others opinion..

In This Global Depression, Gold Is a Safe Haven

I still see Gold decoupling from the dollar in terms of EUR/USD, I'm not ready to buy probably on Friday but I'm afraid of the USD 900 level, the truth is that the simple (EUR/USD)/GOLD (this is not scientific, it is my owm empiric way to see how GOLD follows the EUR/USD and has worked for me for a while) has been hovering around 700, the highest I've seen since I'm trading GOLD, but USD 900 is a scary level to buy, isn't it?

The End of Gold

The play with Gold still has a significant speculative component, personally I don't think that being extremely bullish nor being extremely bearish, short term, would actually pay off as investment, the proper setup is to be adaptative withint the almost 1 year long consolidation range. Now if I was to adopt a bullish instance, I would play it with the changes in the EUR/USD, the undeniable relationship between these two assets favors Gold for 2009, but people will tend to make the same mistake over and over again short term, which is buying the break of 900 only to see it come down to the 700/800 area. Exercise patient, do not rush into buying or selling in distress markets, wait for Feb 15 to see what the range was for the first 1 1/2 months of 2009 and then buy. The time to be extremely bearish has passed and a tiny bullish attitude may be coming. GOLD/(EUR/USD) ratio stands at 697 which is the highest since Gold was at USD 1.000, and suggests there is a preference for Gold, but it does not mean, in no way, that Gold will skyrocket in a month. From the demand/supply standpoint, production cost is coming down which makes B/E for producers lower and Governments are in no hurry to fill their safes with Gold, not quite yet. There is a lot more going on the Stock Markets, Bonds, Safe Havens and so forth and it is what Governments want the Gold Price to be. Also remember that Gold left a lot of traders (not investors) wondering last year why Gold did not work in their benefit, quite simple August was the time to be bearish and I said it back in August, and everyone was buying at the high 800 level following analysts recommendations, what a shame, those losing plays are not coming back to the market right now, they will eventually if they did not lose all their cash, meantime trust yourself, your market sentiment if it's proven right within the last 6 months and follow the short tem trend whether it is up or down, if Gold was to go higher, well a consistent break over USD 1.000 with a depreciating USD will make the trick. Disclosure: I don't have any market position in Gold at the moment nor do I own physical Gold.

Gold ETFs: What Went Wrong With Conventional Wisdom?

Conventional wisdom is all about doing exactly the opposite of what you read in analysts report, it's been proven right a hundred+ times