Gold Price - Where is it heading?

[Lucky_Country]

Great quote Ive been battling the diversification demons my self too much resources in my portfolio according too the quote I should diversify!

 

[explod]

Not saying it will be but the start to the week is the best I have ever seen

As the Great Sir Les Patterson says, "Nooooooooo Worries"

 

[Uncle Festivus]

1018 & exploding!

.....and a nice short on the AUD this morn!

 

[CamKawa]

Not saying it will be but the start to the week is the best I have ever seen

As the Great Sir Les Patterson says, "Nooooooooo Worries"

Talk about take off like a rocket. Farrrk...

 

[explod]

Gold has seperated from the market, Nikkie down 300+ . What we want to see now is a seperation of the gold stocks. Lgl up 3% + a good start against the financials down.

 

[Sean K]

Gold has seperated from the market, Nikkie down 300+ . What we want to see now is a seperation of the gold stocks. Lgl up 3% + a good start against the financials down.

Yep, one of the few times the stocks have gone the other way really. Encouraging for long term gold stock holders...

 

[CamKawa]

ASX code GOLD is doing alright this morning.

 

[Uncle Festivus]

Where are we? - inflation adjusted gold price chart

http://i.mktw.net/newsimages/news/infographics/gold2_660.gif

With gold breaking the barrier of $1,000 an ounce this week and surging over 40% over the last year, a growing number of investors that joined the fray are finally acknowledging that gold bugs' plans for apocalypse weren't so kooky after all.

http://www.marketwatch.com/news/sto...x?guid={C08BA53A-3D8B-4350-AA7A-B0A12CB039E7}

New records!

 

[explod]

Yeehaaa, .............. see, ....................... no problem in America.

weez all saved

 

[Trembling Hand]

Bit of a nasty reversal in the Yellow brick road. Market Wizards running for the door??

 

[cuttlefish]

lol - pretty decent effort, will be intersting to see the cover.

 

[MRC & Co]

Damn, its really taking a battering!

$1000 is the big test! Need it to stay above!

 

[Kauri]

Commodities are collapsing and not only on fears of a US and even global recession, but traders are cashing out of the last profits they have, which fuelled unwinding of carry trades overnight and is now forcing commodities lower. Commodity plays are leveraged as well and the exodus and profit-taking could see sustained losses in commodities for sessions to come.
Cheers
............Kauri

 

[MRC & Co]

Commodities are collapsing and not only on fears of a US and even global recession, but traders are cashing out of the last profits they have, which fuelled unwinding of carry trades overnight and is now forcing commodities lower. Commodity plays are leveraged as well and the exodus and profit-taking could see sustained losses in commodities for sessions to come.
Cheers
............Kauri

Yes, but gold is not bound by economic growth limitations.

Fair enough base metals will take a hit, but gold? All these sell-offs, fed actions and pessimism should only send gold in one direction!

I dont know, I see the smart money coming in soon and changing things around with all the bears out there! I think we are due for a nice little rally in the coming days/weeks.

 

[Trembling Hand]

Fair enough base metals will take a hit, but gold? All these sell-offs, fed actions and pessimism should only send gold in one direction!
I dont know, I see the smart money coming in soon and changing things around with all the bears out there! I think we are due for a nice little rally in the coming days/weeks.

MRC & Co your statement sounds very much like those that where talking about the Future Fund and new highs for ASX back in Dec 07.

When the :fan the only thing that is save is the SELL button.

I'm not calling a top but rarely will something act locally when it gets nutty.

 

[MRC & Co]

MRC & Co your statement sounds very much like those that where talking about the Future Fund and new highs for ASX back in Dec 07.

When the :fan the only thing that is save is the SELL button.

I'm not calling a top but rarely will something act locally when it gets nutty.

Wouldnt my statements sound more like someone calling for a blow-off top back in December 07? Considering at the time, I beleive there were many bulls around telling everyone to get in, dont want to miss the run! Or were the bears overtaking by then? What were the shorting statistics or the put/call ratio?

Is the sell button safer than gold bullion?

With a fed rate cut coming up, we could get a quick bounce, that is all I am saying. So just watch out for it, dont want to miss any opportunities.

Crash cycle anyone?

Cheers

 

[Uncle Festivus]

Depends if you view gold as a commodity or a currency. I would think there will be a de-coupling for gold soon where neither the Euro, Yen or whatever will be a viable currency alternative to the USD. So what do we have left then? Blue sky gold? Just need the penny to drop first .

 

[Kauri]

I hope that doesn't turn out to be Maxwells silver hammer up there..
Cheers
..........Kauri

 

[Kauri]

Reuters, (SOME OF IT)
Forecasts for further stock declines have emerged with Goldman Sachs looking for another 10% decline in the S&P. Some traders feel that the worst may be over, but for some, they see this as wishful thinking. Traders are sidelined ahead of the Fed decision tomorrow with futures now pricing in a 100 bp rate cut tomorrow.
Looking further ahead, dealers now see a 50/50 chance for intervention to support the USD though some see intervention to sell gold as the best choice which would burst the commodity bubble, thus deflating some inflation concerns as well, and also support the USD. As far as intervention, a move on Good Friday when many markets are closed but US banks are open, would have the best one-two punch for the market.

 

[MRC & Co]

Reuters, (SOME OF IT)
Forecasts for further stock declines have emerged with Goldman Sachs looking for another 10% decline in the S&P

lol, wasnt it also GS who have been shorting gold since like $800