"The Real Bubble is Gold: and It's Deflating," writes MKM's Mike Darda, who says the key turning point was the metal's (GLD. IAU) failure to rally in wake of last fall's QE∞ inception. "Investors simply took it at face value that gold was soaring and would continue to rise because of (the Fed)." Inflation picking up will be even worse for gold, he says, as this would make the Fed an aggressive tightener of policy. [View news story]
Australia's Perth Mint - which refines nearly all of that nation's gold bullion - has its factory working weekends to keep up with demand. "We haven't seen levels like this since (2008)," says sales chief Ron Currie. "We're being inundated with people buying products," he continues, noting U.S. orders are particularly heavy. GLD -0.25%. [View news story]
- @ hummer 25 - Some kind of expert are we ? I mean why not $250? You're guessing and your guess is no better than the rest.
Gold Takes Out Major Support: Next Stop $1,350 [View article]
- This author couldn't get those calculations and his price estimates more wrong , if he tried. Actually I would love Gold to get down to that level - goldmines across the globe would shut, supply would dry up and all the while I would be accumulating .Bring it on ! !
Gold ETP flows had their weakest month on record, according to Barclays, causing net fund ownership of the metal to fall to its lowest level since Dec. 2008. New short positions are at their highest since July 1999. Net outflows between Feb. 20-25 averaged more than 10M tons/day, with the bulk coming out of the GLD which lost 58M tons for February. [View news story]
- Them Chinese and Russian fella's must be enjoying their gold buying at these prices. Who knows, maybe they are behind this price manipulation.
Gold May Rally In Short Term, But Precious Metals' Future Looks Ugly [View article]
- Agree with fishfryer - the problem with the authors thinking is that status quo in the world's economy will forever continue. Has he even stopped and asked himself - ; ' what if ' - And there comes a time when history changing events play out and a new economic order will emerge. That moment is drawing ever closer.
End Of Diesel Subsidy In India Bearish For Gold [View article]
- Could be bearish, or definitely will be ? Every article this Macro pens , is laced with so many maybe's , but's, if's and suppositions, to render them all pretty meaningless. He continues to look for Golds achilles heel, but continues to clutch at straws.
- You either believe in the future of the dollar and it's continued global status, or you believe in Gold - - I firmly believe in the latter and see the dollar losing it's status and strength. And 2013 will be the year.
The Bundesbank is repatriating at least part of its gold from New York (where 45% of the country's reserves are held) and Paris (11%), according to Handelsblatt. Steve Liesman says the Buba has confirmed the story, and the amounts are to be announced tomorrow. [View news story]
- There had to come a time when stock is taken and books needed to be balanced. The same applies to all the bankrupt governments, who have turned a blind eye to their worsening finances. Are Germany about to get a nasty surprise ?
- Your problem is that you are overly and compulsively obsessed with a lower Gold price. Why not discuss other asset classes with your readers ? We fully understand you are a Gold Bear, now let's move along shall we.
Why Inflation Will Remain Tame In 2013 [View article]
- Lets get some honesty and real inflation numbers from independant sources,then we can talk about the facts and look past the fudged numbers, they keep feeding us.
- How many more calls do you need before getting it right ? Your guess on the forward price of Gold and Silver is just that - a guess. Squiggly little charts are neither trustworthy nor predicative .
- Seems to me that this Macro Investor is trying mighty hard to convince himself to be anti-Gold. The more he knocks the precious metal, the more convincing is the case for Gold. The term " Precious" was ascribed to the metal for good reason.
"The Real Bubble is Gold: and It's Deflating," writes MKM's Mike Darda, who says the key turning point was the metal's (GLD. IAU) failure to rally in wake of last fall's QE∞ inception. "Investors simply took it at face value that gold was soaring and would continue to rise because of (the Fed)." Inflation picking up will be even worse for gold, he says, as this would make the Fed an aggressive tightener of policy. [View news story]
Australia's Perth Mint - which refines nearly all of that nation's gold bullion - has its factory working weekends to keep up with demand. "We haven't seen levels like this since (2008)," says sales chief Ron Currie. "We're being inundated with people buying products," he continues, noting U.S. orders are particularly heavy. GLD -0.25%. [View news story]
You're guessing and your guess is no better than the rest.
The Fed Didn't Cause The Gold Bubble - Or Any Other Bubble [View article]
Bitcoin: I Hate To Say I Told You So... But I Told You So [View article]
Gold Is Always Rallying Somewhere [View article]
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Gold ETP flows had their weakest month on record, according to Barclays, causing net fund ownership of the metal to fall to its lowest level since Dec. 2008. New short positions are at their highest since July 1999. Net outflows between Feb. 20-25 averaged more than 10M tons/day, with the bulk coming out of the GLD which lost 58M tons for February. [View news story]
Gold May Rally In Short Term, But Precious Metals' Future Looks Ugly [View article]
That moment is drawing ever closer.
End Of Diesel Subsidy In India Bearish For Gold [View article]
Gold: Why Bill Gross Is Wrong [View article]
The Bundesbank is repatriating at least part of its gold from New York (where 45% of the country's reserves are held) and Paris (11%), according to Handelsblatt. Steve Liesman says the Buba has confirmed the story, and the amounts are to be announced tomorrow. [View news story]
Are Germany about to get a nasty surprise ?
Short Gold In 2013 [View article]
Why Inflation Will Remain Tame In 2013 [View article]
Gold Can Find No Legs [View article]
Squiggly little charts are neither trustworthy nor predicative .
More Bad News For Gold [View article]
was ascribed to the metal for good reason.