Gold Not Getting Killed!!!

[stockman]

Re: Gold Not Getting Killed!!!

SBS?

If the market can regain it's footing, I'm with you. BUT we need to see persistent strength to pull cash in from the sidelines IMHO. Watch the RUT... if the pendulum is to swing back to risk it should show in the RUT outperforming the INDU and SPX. On a daily close the RUT needs to hold that 450 level... that's the 22 dma AND a neckline now. A failure there would not demonstrate 'persistent strength'. Also note the early week weakness we've seen lately... maybe nothing, but if traders get apprehensive they may NOT want to be long over another weekend. My time frame shorter than most, so take it FWIW.

Speaking of SBS- this out from Bridgewater

"The severe global demand destruction has created a massive overhang of excess capacity globally. A major portion of previous credit induced demand is not likely to come back anytime soon which means that excess capacity pressures will not get resolved quickly. As a result, businesses will significantly cut back spending on capacity creation. Besides a natural desire to cut back on capex due to falling demand, companies are facing a severe cash flow crunch and lack of credit availability to keep existing capex projects going. This dynamic is going to feed back into further demand destruction as one company’s capex spending is another company’s revenue. The cutback in capital spending will impact corporate profits disproportionately as front loading of profits is rolled back (a company providing capex books revenue upfront while a company spending on capex depreciates cost over many years)."

[strittmatter]

Re: Gold Not Getting Killed!!!

The amount of brassy sounding, trumpeting racket you make over a one week trend in the gold price is a wonder to behold Metalmensch.

Is this comment serious? What does it even purport to mean? A one week jigger or zig zag in the gold price and Metalman sounds off the horns like he's having a Paul Revere moment.

What's your call on alt energy Metalsage? Is it going up? Is it going down? Make the call. won't go anywhere, right? Where will the uranium shares be a year from now? iTulip's most recent macro guidance (per a couple or three weeks ago) was that we would have a "multi year depression", which duly got a lot of heads to nodding and wagging in agreement.

So it appears Metalmensch, you can safetly bet here that alt energy is a dog of an asset group for the next twelve months?

Make the bold call here Mr. Expansive! Here, I'll make it easy for you. You think any fizzle in this market is bunk, so back that with a committed forecast. You say alt-energy, specially the uranium shares will be lower in a year? I'll give you all the easy odds there fella.

I'll say the uranium shares will be two or three hundred percent higher in a year than they are now *minimum*. Wanna pick up some easy "iTulip pundit" money here? Well it should be a cakewalk - according to you the entire alt-energy sector will be dead as a doornail in a year's time, right? The market is sick, at death's door - so it should be a nice safe and easy bet for you to take the other side of. With trycicle wheels on it for you! What's not to like about those odds, eh Metalmensch?

Meanwile as you wait to discover how right your astute calls are going to be, why don't you hang your brassy, sedentary arse out the window on this call for some general accountability? That way I can better percieve what your more specific calls amount to, while I also peer through the thick haze of contentious jeering that characterizes so much of your commentary?

Do you need 24 hours to do the one thousandth re-read of all the iTulip scripted scenarios to get your bearings here? No problem. Take a couple of days, or a week, to collect and re-read all your "scripted scenarios" and then make the call.

Meanwhile, will gold get killed? Will gold not get killed? Who knows! But we can cling with great consolation to the reassurance, that we will have the benefit of Metalman's weekly intelligence update, gleaned firmly from rear-view-mirror gazing at past iTulip editorials of whatever last month's established marketvane wisdom was, and likely delivered with all the subdued modesty and careful reflection of a brass band oompah-ing down Bourbon Street.

Take the other side of this bet Metalfatigue. You'be been sounding off here (with quite remarkable stridor) for many, many months on the stupidity of anyone who may call for some segments of the market to spend the next couple of years making significant bullish moves. Let's see how gracefully, and more to the point *honestly* you may a year later acknowledge a highly specific call you made, which turned out to be flat wrong. You know, those calls with no "wiggle room"? :rolleyes:

Lord knows admitting just once to having totally flubbed a call would do your personality a favor. Throttle back some of that strident "binary" absolutist excreta which you like to indulge.

He come from afar Luke............

http://www.youtube.com/watch?v=ihpdXtU4iKs

Careful!

[BlackVoid]

Re: Gold Not Getting Killed!!!

Those of you who bought gold 12 months ago can rest comfortably in the knowledge that you have only lost 3% of your money compared to people who kept their money in the bank.

as for me, I subscribe to the "buy when the blue line hits the red line" theory

Gold is up in almost all currencies last year.

[TRake]

Re: Gold Not Getting Killed!!!

Gold is up in almost all currencies last year.

Is this a surprise?

[metalman]

Re: Gold Not Getting Killed!!!

Gold is up in almost all currencies last year.

in a global financial/economic clusterf*ck, fourth currency rules.

[rjwjr]

Re: Gold Not Getting Killed!!!

I LOVE YOU GUYS!

So, as you can see, I bought some more gold at about 10am. Sorry about moving the market. Next time I'll give you guys a heads-up before I add to my reserves.

[TRake]

Re: Gold Not Getting Killed!!!

Run, Forrest, Run.

The iTulip suggestion is to avoid the mining stocks.

This is not enough to keep me away from the miners.
I would need some hard evidence.
I have read a few things and I wonder:
1) when or if the class action law suits against miners will hurt them (maybe it already has and their slow response to the increase in gold price is a reflection of that)
2) if the possible cooperation of miners in helping the government to "fix" gold prices will ever hit MSM, and would those who don't have any gold even care (this theory may turn up false, or just not turn up ever)
3) if the government would ever accurately report their reserve status or make the decision that maybe, just maybe they need more physical gold?

[TRake]

Re: Gold Not Getting Killed!!!

Personally I am looking for some inside info about gold miners or any other company or sector to trade on. I don't care anymore that it might be illegal. I would rather follow the lead of the US govt officials and others in high places in large and small banks. They set the example, right?

TRake

[Fiat Currency]

Re: Gold Not Getting Killed!!!

Gold: Inflows into ETFs up by more than 300pc


http://www.telegraph.co.uk/finance/p...han-300pc.html

[Guest]

Re: Gold Not Getting Killed!!!

Appreciate that TRake, whatever your views are on the matter. I offer full respect to all displays of sincerity. I think the world of iTulip, and therefore I uphold Rick's right to say - WETFHL (Mogambo Guru translation reads: "whatever the f234k he likes") - and to hell with Sapiens' (well meaning) parental "healthy content" ratings suggestions, that no schatological 2 dollar words be used.

Rick - let's wait to see what comes out in the wash, eh? Then if you still disagree with what I'm suggesting, but the market went against you, you'll have to mumble into your shirt, which is a lot less fun than calling someone a Nimrod.

Be careful. A warning may be on the way. You can think these things, but saying them is not acceptable and not appropriate on this site.


Personally I am looking for some inside info about gold miners or any other company or sector to trade on. I don't care anymore that it might be illegal. I would rather follow the lead of the US govt officials and others in high places in large and small banks. They set the example, right?

TRake

[TRake]

Re: Gold Not Getting Killed!!!

The recovery in GDX has commenced. The major miners report earnings on 4/29 and some in the first week of may. My thoughts are that the earnings will be good. If the gold miners were restricting production that would force gold the commodity higher and that is not what the govt wants. If anything I think they may have orders to try and flood the market, therefor, earnings should be outstanding. My price target is $40 on GDX. Any opinions?

TRake

[metalman]

Re: Gold Not Getting Killed!!!

Appreciate that TRake, whatever your views are on the matter. I offer full respect to all displays of sincerity. I think the world of iTulip, and therefore I uphold Rick's right to say - WETFHL (Mogambo Guru translation reads: "whatever the f234k he likes") - and to hell with Sapiens' (well meaning) parental "healthy content" ratings suggestions, that no schatological 2 dollar words be used.

Rick - let's wait to see what comes out in the wash, eh? Then if you still disagree with what I'm suggesting, but the market went against you, you'll have to mumble into your shirt, which is a lot less fun than calling someone a Nimrod.

luke at the computer...

[pwcmba]

Re: Gold Not Getting Killed!!!

http://www.bi-me.com/main.php?c=3&cg=2&t=1&id=35332

Gold investment set to soar as market dynamics shifting

"INTERNATIONAL. Gold investment as a proportion of total demand is expected to reach a new high in the quarter as the structure of the market is changing, according to a senior World Gold Council(WGC) official."

[Jim Nickerson]

Re: Gold Not Getting Killed!!!

http://www.bi-me.com/main.php?c=3&cg=2&t=1&id=35332

Gold investment set to soar as market dynamics shifting

"INTERNATIONAL. Gold investment as a proportion of total demand is expected to reach a new high in the quarter as the structure of the market is changing, according to a senior World Gold Council(WGC) official."

Here is another perspective on gold and what might someday occur written in reference to the gold ETF GLD being the 6th largest holder of gold in the world.

http://contrarianedge.com/

This raises a little question - who will be buying this gold from GLD when investors will decide to sell it?
.
.
Investors buying the gold ETF (GLD) are influencing the price of gold which is fair for the most part as otherwise they’d be buying the real thing. Though of course the ease of buying GLD creates a slightly higher artificial demand, but still it is fair game. The violent sell off in GLD will drive the prices of gold down dramatically unless a real buyer steps in (like another government sick of owning the US debt for instance) and the gold price could get cut in half overnight. Suddenly perception of not being a store of value will create a reality of gold not being a store of value. The gold game will be over.

[TRake]

Re: Gold Not Getting Killed!!!

It has no utility.

Katsenelson knows nothing, and Buffett is not to be trusted.
Buffett is a leader of lemmings.