I would agree with mr. freddo regarding the dramatic swings in price. I like history and it took Gold 10 years to break out of the USD 250 - 500 range even with a double top formed from 1982 through 1988 to then reverse in the year 2000 and break consistenly to the upside in 2005, does USD 500 - USD 1030 - USD 680 - USD 1000 - ?????, which has been the swing since 2005, seems familiar to you? Well what I try to say is that whoever invest in Gold sets it's own time frame, whether the buy is fundamental, speculative or else. Long term ownership of Gold is the answer but again buying in one those massive dips (50%) as it happened if the year 2000. Oh sorry I just missed it at USD 680 in 2008!!!!
Frank Holmes: 'When Inflation Erupts, Gold Will Take Off' [View article]
Well Frank, you got it partially right except for the short term outlook, Gold tends to consolidate in broand ranges over a long period of time, whoever has been leading readers to buy Gold at USD 900 acted in a Wall Street like irresponsible fashion (I said it before in this Blog, probabaly back in August) I've been called rookie and so other awful things for being bearish in Gold since Aug 2008. Where you got it right though is when you mentioned that inflation within the next couple of years is going to show the scariest numbers ever, however don't count on Gold establishing yet another bull trend before Jan/Feb 2009 and do not ever dare to contend the undeniable link between the USD and Gold. I would love to see the so called Economists in this Blog trying to explain why their short term USD 1000/1250 did not work. I tell you what, it did not work because they acted irresponsibly by not understanding what the big picture is. Expect the correction to reach a 100% retracement from the move USD 560 - USD 1033 then you can think about buying long term, the next move will last 2 years and can be another attack to USD 1000 in a multiyear analysis, however who cares if Gold reaches USD 1000/1500/2000? you will still be long Gold from the high USD 500 and if that happens then cash out anytime you want without even reading our "experts' articles". It took you guys so long to understand the cycle. History never fails to repeat itself. Cheers
Countdown of Manipulated Gold Price Running Out [View article]
Have you realized that the undeniable relationship between USD and GOLD has not been broken? when you mentoned Gold at 1033 the USD was 1.60, don't fight it, play it, if you see Gold at 1.000 when USD gets to 1.20 then you can say Gold is a buy otherwise don't be biased by your feelings this a 2 way market, goes up and down, Fundamentals for Gold are increasingly bearish, lower demand, flight to safety has been reeveluated to more tangible, liquid, not subject to intervention assets, I said in another article "buy real state", that's the right profitable and patriotic thing to do. And yes buy Gold but at the lows 600 level, may be 530/60
Countdown of Manipulated Gold Price Running Out [View article]
Listen, the manipulation theory has never been supported properly by anyone, who ever gets hurt in the Gold market then brings up the manipulation thing, Gold is a speculative market you got the money then you move the market if you haven't got the money to move the market then follow it don't blame it because it didn't do what you wanted it to do. Somebody in this Blog called me rookie because I was so bearish in Gold and I bet I'm doing better that he did over the last couple of weeks, think outside the box.
Roger Wiegand: 'Severe Bull Market' Ahead for Gold [View article]
Good move CLH, I bet in 6 months we'll have the same authors saying that they anticipated the bear market in Gold jajaja!! I've been writing in this blog for a while now and I've been wrong only twice within the last 3 months. I'm shorting my heart & soul in Gold ( of course with a sensible exit strategy/stop). Don't be caught the in middle as Jim Cramer's viewers did, listening to him blaming market manipulators for his own ignorance (Jim led viewers to buy DJIA at 14.000 and then later said to Rick Santelli that he (Jim) had called for a bear market in stocks early this year). If the author is not one of those manipulators who can actually move the market (real money) then your forecast is just speculation, plain and simply put. Sometimes this articles just aim to get enough people in the same mindset trying to support existing market positioning. That is real market speculation/manipulati...
No Gold Bubble [View article]
Frank Holmes: 'When Inflation Erupts, Gold Will Take Off' [View article]
Countdown of Manipulated Gold Price Running Out [View article]
Countdown of Manipulated Gold Price Running Out [View article]
Roger Wiegand: 'Severe Bull Market' Ahead for Gold [View article]
Today's True Safe Haven Investments [View article]