The 12 Biggest Mistakes The Media Make When Covering Gold Markets [View article]
Gold bugs are neanderthals of 21 century. They don't realize we don't need any more gold to use it as currency. The technology today provide almost free ways to exchange value in seconds around the world. Gold bugs will be taught by the mother nature of this world about what gold really is and how much is it really worth, but to what us (smart people) concerns is to short the thing and don't exit until it gets to $430
Central Banks To Accumulate Gold For Another 5 Years At Least [View article]
hmm, interesting chart of world's gold reserves. it shows that gold peaked just before Nixon untied gold from the dollar, since then gold reserves have been in decline. This is another confirmation that gold bubble is peaking after 3,000 years of its use as money. From here, for gold reserves there is no where more to go but down, and when the electronic money will win over paper money and all of us will use credit cards or cellphones to exchange goods, gold will become a 100% commodity and its use as money will be discontinued officially. (by officially I mean, you will see gold coins at the museum only and Wikipedia will state the last date when gold was used as money)
Gold Little Changed In November, Could Surge In December [View article]
"a single trader" happens to be Ross Norman, gold trader with more than 10 years of trading future contracts, these kind of guys know about risk calculation
just as nutty when I said bonds going higher when Bill Gross dropped his bond holdings ? http://seekingalpha.co... or as nutty when i said it was the bottom on the dollar when everybody was calling for dollar collapse? http://seekingalpha.co...
A Simple Formula For The Fair Price Of Gold [View article]
wow, despite it is logarithmic, I love this chart and this is how I read it:
Century 19: we open the century with a countertrend move, test the lows and go up. In the year 30 of the century we do correction of 30 years long. We close the century up with new high. Century 20: we open the century with a countertrend move, test the lows and go up. In the year 30 we do a correction of 60 years long. We close the century up with a new high. Century 21: we open the century with a countertrend move, test the lows and ...... well, you got the picture, didn't you ?
Few more details: The century 19 established level 1 as resistance, century 20 tested this level as support in 1980s The trading range levels marked in century 20 are level 2 , level 5 and level 20. Level 5 looks like a good support to me for this century.
Clearly, the trend is up, and this means long term stocks will go sky high. The only hope for gold bugs is the megaphone pattern (broadening top) located on years 1920-2000 that on resolution , would bring DOW/GOLD to practically zero, i.e to the level of year of 1800, but that fundamentally would mean that you believe the progress humanity made over last 100 years is worthless and we will be trending towards a prehistoric man life style again (which is the current gold bug's understanding of fundamentals after an excellent brainwash applied on them by market makers)
Precious Metals Fundamentals More Bullish Than Anytime During The Entire Bull Market [View article]
since the invention of the computer and networking, it is possible to have more cheaper and efficient monetary system than the 3000 years old gold based system. Modern monetary system uses US dollar as a base currency and a foreign exchange system to quickly appreciate/depreciate currencies. Gold is no longer needed with our state of the art technology for trading. And if you don't evolve with us, you will extinct just like neanderthals did.
Precious Metals Fundamentals More Bullish Than Anytime During The Entire Bull Market [View article]
"dependent on retail investor interest in gold" agree, In fact, James Turk, Nick Barisheff and such, are the biggest gold short-ers, they are _short_ gold to you.
The 12 Biggest Mistakes The Media Make When Covering Gold Markets [View article]
Central Banks To Accumulate Gold For Another 5 Years At Least [View article]
Gold Little Changed In November, Could Surge In December [View article]
Regression And Volatility-Based 1-Year GLD Price Projections [View article]
The Bottom For Silver Is In, Prepare For A Rally [View article]
Anticipating The Next Golden Cross [View article]
Just How Low Can Gold ETFs Go? [View article]
http://seekingalpha.co...
or as nutty when i said it was the bottom on the dollar when everybody was calling for dollar collapse?
http://seekingalpha.co...
Buy Gold In Advance Of QE3 [View article]
Just How Low Can Gold ETFs Go? [View article]
http://bit.ly/yQ533w
A Simple Formula For The Fair Price Of Gold [View article]
Century 19: we open the century with a countertrend move, test the lows and go up. In the year 30 of the century we do correction of 30 years long. We close the century up with new high.
Century 20: we open the century with a countertrend move, test the lows and go up. In the year 30 we do a correction of 60 years long. We close the century up with a new high.
Century 21: we open the century with a countertrend move, test the lows and ...... well, you got the picture, didn't you ?
Few more details:
The century 19 established level 1 as resistance, century 20 tested this level as support in 1980s
The trading range levels marked in century 20 are level 2 , level 5 and level 20. Level 5 looks like a good support to me for this century.
Clearly, the trend is up, and this means long term stocks will go sky high. The only hope for gold bugs is the megaphone pattern (broadening top) located on years 1920-2000 that on resolution , would bring DOW/GOLD to practically zero, i.e to the level of year of 1800, but that fundamentally would mean that you believe the progress humanity made over last 100 years is worthless and we will be trending towards a prehistoric man life style again (which is the current gold bug's understanding of fundamentals after an excellent brainwash applied on them by market makers)
Is The Dollar Weak Or Strong? [View article]
it is strong but since it is a crowded trade among commercials, it moves slowly. Hold on to it and be patient.
Why I Am Short Gold Futures [View article]
What The Missing Santa Claus Rally Signals For Stocks In January [View article]
Precious Metals Fundamentals More Bullish Than Anytime During The Entire Bull Market [View article]
And if you don't evolve with us, you will extinct just like neanderthals did.
Precious Metals Fundamentals More Bullish Than Anytime During The Entire Bull Market [View article]
agree,
In fact, James Turk, Nick Barisheff and such, are the biggest gold short-ers, they are _short_ gold to you.