Why is Gold still getting Arse rapped?

[Mega]

Should be over $1000 easy by now!
Mike

[grapejelly]

Re: Why is Gold still getting Arse rapped?

Should be over $1000 easy by now!
Mike

Well, look at it this way. Look at gold in comparison to anything else and you will see it has done quite well.

It is about even with 12 months ago.

And in many non-USD currencies it recently hit all time highs.

Gotta have a sense of proportion. In a massive deleveraging, is there any refuge? I don't think so...gold is by far the best performing asset that I'm comfortable holding. (And silver.)

[Chris]

Re: Why is Gold still getting Arse rapped?

everyone is trading the long bond instead. This morning was volatile to say the least. Gold will have it's time. Have you seen that the BoE wants to start quantitative easing? Patience young Mega.

[Master Shake]

Re: Why is Gold still getting Arse rapped?

Because the USD is still rising.

[icm63]

Re: Why is Gold still getting Arse rapped?

Gold is looking very week, if volume increase just a little it confirms that big boys will be selling.

This last thrust up, and it failure to hold was not good. Means demand was absorbed.

I see it falling down to $600, sorry dude...

This will happen so the big boys can buy it cheaper !!

[FRED]

Re: Why is Gold still getting Arse rapped?

Well, look at it this way. Look at gold in comparison to anything else and you will see it has done quite well.

It is about even with 12 months ago.

And in many non-USD currencies it recently hit all time highs.

Gotta have a sense of proportion. In a massive deleveraging, is there any refuge? I don't think so...gold is by far the best performing asset that I'm comfortable holding. (And silver.)

Create a chart that shows gold priced in oil, stocks, bonds, and an index of non-dollar currencies and you will immediately see what is going on.

[blazespinnaker]

Re: Why is Gold still getting Arse rapped?

Create a chart that shows gold priced in oil, stocks, bonds, and an index of non-dollar currencies and you will immediately see what is going on.

Clever.

Let's not forget that cash has maintained it's value as well.

[jtabeb]

Re: Why is Gold still getting Arse rapped?

Create a chart that shows gold priced in oil, stocks, bonds, and an index of non-dollar currencies and you will immediately see what is going on.

Does anyone remember when I was pounding fists on the table and yelling "BUY THE DEFLATOR, BUY THE DEFLATOR!"

P.S. yes gold was the deflator then, and now.

[jtabeb]

Re: Why is Gold still getting Arse rapped?

Gold is looking very week, if volume increase just a little it confirms that big boys will be selling.

This last thrust up, and it failure to hold was not good. Means demand was absorbed.

I see it falling down to $600, sorry dude...

This will happen so the big boys can buy it cheaper !!

In the end the number of OZs you own will be king. Don't sweat the stupid shit.

[Tulpen]

Re: Why is Gold still getting Arse rapped?

Should be over $1000 easy by now!
Mike

Simple, more sellers than buyers.

[FRED]

Why isn't Gold still getting Arse rapped?

Because gold is the forth currency and, after all of the devaluations and reflations, may be the last one standing. From an upcoming analysis:

An ounce of gold buys a lot more oil today than it did a few months ago



Gold buys a lot more of the DJIA today than it did a few months ago, too.

[Mega]

Re: Why is Gold still getting Arse rapped?

Thanks Ed
Mike

[Jim Nickerson]

Re: Why is Gold still getting Arse rapped?

Simple, more sellers than buyers.

I thought for each and every trade if someone sold, then someone else bought; so wouldn't the number of sellers and buyers always be the same or is my arithmetic incorrect?

[Slimprofits]

Re: Why is Gold still getting Arse rapped?

Simple, more sellers than buyers.

What, you think demand is down? (that is my guess as to what Tulpen meant, Jim)

Does that explain the delivery delays from APMEX and other outfits?

No it doesn't.

[*T*]

Re: Why is Gold still getting Arse rapped?

We're doing OK in Sterling, £540ish peak, £520ish now...