Gaza War: Expect a Spike in Oil, Gold [View article]
Kathy: excerpts from comments made on July 4th,2008.
If there is a dollar rally I expect it to move from 73 to 80.(boy was I off then, but new figures make for new projections)
....longer term 40-50 is foreseeable.
I was a big time Bull on oil and gold in June, July, even Aug. of last year. Do not believe what you are told by someone else. My posts are there for all to see.
Times change, I saw the chart patterns change but since 90% of my portfolio was in the Canroys and I was playing with the house's money on them, I was willing to ride it out.
Gaza War: Expect a Spike in Oil, Gold [View article]
De Graaf: I said gold rose a few percentage points while the Dollar rose to multiyear highs. The Yen rose against the dollar. I suggest you use common sense. Do your own research. Dollar beginning and close of 2008, ditto gold and the Yen.
Figures Don't lie. Reality VS projections, I'll take reality.
Kathy: I'll be holding Gold, oil, silver, various long ETFs and ETNs.
I just do not consider the deleveraging process to be over, so I expect the dollar to rise to at least 92, possibly Parity. Given that this is my belief, I don't see a reason to change my holdings.
I have a Dollar stop loss, 78 from where we are. I am not risking a lot.
The scenario you paint is a Gimme. What you say WILL occur, eventually. I projected a USD drop to 40, months ago. That is my ultimate target. I will find that comment for you if you so desire.
Gaza War: Expect a Spike in Oil, Gold [View article]
The key is really the USD which rallies in times of war. The Georgian mini conflict is similar to the Gaza incursion and the Dollar which was still quite weak over Christmas stabilized and started rallying last week with a push to the upside on Jan.2nd.
A lot of people have been rabid in their outlook for Gold. And they should be as prices of finished goods start to rise, but they aren't, YET.
The implosion of everything financial during the fourth quarter of 2008 should have led to soaring gold prices, it didn't. That is a major problem.
Most comments were in the vein of "look at the strength gold has while the financials crash. Its only down 15% from its highs."
Gold should have been soaring primarily because it is perceived to be a Currency. Mr. Pinelli was totally right on this aspect, but I missed the implications at that time. Gold should have risen against All currencies, it didn't.
Gold struggled and wound up the year only a few % higher, meanwhile the USD rose to multi year highs.
If the last quarter can be considered a guide, dollar strength will equate to weaker gold.
Like an earlier post commented, there are no oilfields in Gaza. IMHO
Gaza War: Expect a Spike in Oil, Gold [View article]
Higher highs and higher lows since introduction.
Gaza War: Expect a Spike in Oil, Gold [View article]
Relmor: disinformation is one thing, outright lies are another. IMO
Gaza War: Expect a Spike in Oil, Gold [View article]
If there is a dollar rally I expect it to move from 73 to 80.(boy was I off then, but new figures make for new projections)
....longer term 40-50 is foreseeable.
I was a big time Bull on oil and gold in June, July, even Aug. of last year. Do not believe what you are told by someone else. My posts are there for all to see.
Times change, I saw the chart patterns change but since 90% of my portfolio was in the Canroys and I was playing with the house's money on them, I was willing to ride it out.
I will not stupidly distrust my charts again.
Gaza War: Expect a Spike in Oil, Gold [View article]
Figures Don't lie. Reality VS projections, I'll take reality.
Kathy: I'll be holding Gold, oil, silver, various long ETFs and ETNs.
I just do not consider the deleveraging process to be over, so I expect the dollar to rise to at least 92, possibly Parity. Given that this is my belief, I don't see a reason to change my holdings.
I have a Dollar stop loss, 78 from where we are. I am not risking a lot.
The scenario you paint is a Gimme. What you say WILL occur, eventually. I projected a USD drop to 40, months ago. That is my ultimate target. I will find that comment for you if you so desire.
We agree on direction, we disagree on timing.
IMHO
Gaza War: Expect a Spike in Oil, Gold [View article]
A lot of people have been rabid in their outlook for Gold.
And they should be as prices of finished goods start to rise, but they aren't, YET.
The implosion of everything financial during the fourth quarter of 2008 should have led to soaring gold prices, it didn't. That is a major problem.
Most comments were in the vein of "look at the strength gold has while the financials crash. Its only down 15% from its highs."
Gold should have been soaring primarily because it is perceived to be a Currency. Mr. Pinelli was totally right on this aspect, but I missed the implications at that time.
Gold should have risen against All currencies, it didn't.
Gold struggled and wound up the year only a few % higher, meanwhile the USD rose to multi year highs.
If the last quarter can be considered a guide, dollar strength will equate to weaker gold.
Like an earlier post commented, there are no oilfields in Gaza. IMHO