brerwallabi
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Re: GOLD Where is it heading?
There is a bear out there, anyone seen him?
There is a bear out there, anyone seen him?
Gold Price - Where is it heading?
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professor_frink
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Re: GOLD Where is it heading?
he's hiding in his cave after losing a fight with a very mean and nasty bull. He'll recover and get his revenge one day but!brerwallabi said:
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Rogers Says Gold to Reach $1,000 as Commodities Soar (Update2)
April 19 (Bloomberg) -- Jim Rogers, the former George Soros partner who foresaw the start of a commodity rally in 1999, said the boom in energy and raw material prices will endure, driving gold to a record $1,000 an ounce.
``The shortest bull market for commodities lasted 15 years, the longest 23 years,'' Rogers, 63, said in an interview. So if history is any guide, ``they've got a long way to go.''
Prices of crude oil, copper and zinc are at records as speculators and hedge funds seek investments delivering greater returns than stocks and bonds. Global supplies have been curbed by lack of investment and output disruptions, making it harder to meet demand led by China, the world's fastest growing major economy. The Goldman Sachs index of 24 commodities reached an all-time high yesterday.
``Supply and demand is terribly out of balance for nearly all commodities right now,'' Rogers said in Singapore April 17. ``This is not a bubble.''
Bullion for immediate delivery reached a 25-year high of $624.80 an ounce today, still below an all-time peak of $850 for spot gold in 1980. Crude oil rose to a record $71.60 a barrel in New York yesterday and copper gained the most in nine years.
Price `Attainable'
``Gold at $1,000 is attainable, but to achieve it we'll have to see a further deterioration in the macro-economic environment leading to a decline in the dollar,'' said Hong Kong-based Alastair McIntyre, head of marketing at ScotiaMocatta, the bullion unit of the Bank of Nova Scotia.
``Jim Rogers is a respected figure as he saw the move in commodity prices before it happened,'' he said by phone today.
The Goldman Sachs Commodity Index has increased 13 percent this year, compared with a 4.8 percent gain in the Standard & Poor's 500 stock index. Benchmark U.S. Treasuries have lost about 1.6 percent, according to Merrill Lynch & Co. indexes.
``Nearly everything makes a new all-time high in a bull market,'' said Rogers, who co-founded the Quantum hedge fund with Soros in the 1970s. He didn't predict when gold would reach $1,000 an ounce. The precious metal traded at $623.10 an ounce at 1:45 p.m. Singapore time today.
China's booming economy is fueling demand for energy and raw materials needed for factories, homes and cars. The nation, home to 1.3 billion people, grew 10.2 percent in the first quarter, up from 9.9 percent in the previous three months. China is the world's biggest consumer of steel, copper and zinc and the second-largest user of energy.
Copper Gains
Copper prices in Shanghai have gained 88 percent in the past year to a record on expectations of increased demand. Gold prices in India, the world's largest consumer of the metal, have increased about 35 percent in the past year.
Lack of investment in new supplies of commodities is driving up prices.
``Nobody has discovered a major oilfield in over 35 years. All the major oilfields are in decline,'' said Rogers. ``Unless someone does something quickly, the price of oil is going to go a lot higher over the next decade.''
He depicted a similar scenario for metals. ``Nobody has opened any major mines anywhere in the world for many years and it takes a long time to bring new mines on stream,'' he said. ``All the old mines are in the process of being depleted and demand is continuing to grow.''
Farm Commodities
Agricultural commodities may offer new investment opportunities. ``That's where prices have moved least.'' Cotton prices are more than 50 percent below their all-time high; soybeans are 60 percent below their peak and sugar 80 percent, Rogers said. ``These agricultural commodities are very cheap on any historical basis,'' he said.
Rogers, who lives in New York, traveled through China by motorcycle and car as part of trips around the world to pick up investment ideas. The journeys culminated in the books ``Investment Biker'' and ``Adventure Capitalist.'' Rogers also wrote the book ``Hot Commodities.''
The commodity index fund he started in late 1998 has more than tripled.
April 19 (Bloomberg) -- Jim Rogers, the former George Soros partner who foresaw the start of a commodity rally in 1999, said the boom in energy and raw material prices will endure, driving gold to a record $1,000 an ounce.
``The shortest bull market for commodities lasted 15 years, the longest 23 years,'' Rogers, 63, said in an interview. So if history is any guide, ``they've got a long way to go.''
Prices of crude oil, copper and zinc are at records as speculators and hedge funds seek investments delivering greater returns than stocks and bonds. Global supplies have been curbed by lack of investment and output disruptions, making it harder to meet demand led by China, the world's fastest growing major economy. The Goldman Sachs index of 24 commodities reached an all-time high yesterday.
``Supply and demand is terribly out of balance for nearly all commodities right now,'' Rogers said in Singapore April 17. ``This is not a bubble.''
Bullion for immediate delivery reached a 25-year high of $624.80 an ounce today, still below an all-time peak of $850 for spot gold in 1980. Crude oil rose to a record $71.60 a barrel in New York yesterday and copper gained the most in nine years.
Price `Attainable'
``Gold at $1,000 is attainable, but to achieve it we'll have to see a further deterioration in the macro-economic environment leading to a decline in the dollar,'' said Hong Kong-based Alastair McIntyre, head of marketing at ScotiaMocatta, the bullion unit of the Bank of Nova Scotia.
``Jim Rogers is a respected figure as he saw the move in commodity prices before it happened,'' he said by phone today.
The Goldman Sachs Commodity Index has increased 13 percent this year, compared with a 4.8 percent gain in the Standard & Poor's 500 stock index. Benchmark U.S. Treasuries have lost about 1.6 percent, according to Merrill Lynch & Co. indexes.
``Nearly everything makes a new all-time high in a bull market,'' said Rogers, who co-founded the Quantum hedge fund with Soros in the 1970s. He didn't predict when gold would reach $1,000 an ounce. The precious metal traded at $623.10 an ounce at 1:45 p.m. Singapore time today.
China's booming economy is fueling demand for energy and raw materials needed for factories, homes and cars. The nation, home to 1.3 billion people, grew 10.2 percent in the first quarter, up from 9.9 percent in the previous three months. China is the world's biggest consumer of steel, copper and zinc and the second-largest user of energy.
Copper Gains
Copper prices in Shanghai have gained 88 percent in the past year to a record on expectations of increased demand. Gold prices in India, the world's largest consumer of the metal, have increased about 35 percent in the past year.
Lack of investment in new supplies of commodities is driving up prices.
``Nobody has discovered a major oilfield in over 35 years. All the major oilfields are in decline,'' said Rogers. ``Unless someone does something quickly, the price of oil is going to go a lot higher over the next decade.''
He depicted a similar scenario for metals. ``Nobody has opened any major mines anywhere in the world for many years and it takes a long time to bring new mines on stream,'' he said. ``All the old mines are in the process of being depleted and demand is continuing to grow.''
Farm Commodities
Agricultural commodities may offer new investment opportunities. ``That's where prices have moved least.'' Cotton prices are more than 50 percent below their all-time high; soybeans are 60 percent below their peak and sugar 80 percent, Rogers said. ``These agricultural commodities are very cheap on any historical basis,'' he said.
Rogers, who lives in New York, traveled through China by motorcycle and car as part of trips around the world to pick up investment ideas. The journeys culminated in the books ``Investment Biker'' and ``Adventure Capitalist.'' Rogers also wrote the book ``Hot Commodities.''
The commodity index fund he started in late 1998 has more than tripled.
Re: Rogers Says Gold to Reach $1,000 as Commodities Soar (Update2)
Below is the key point to every1 out there that thinks commodities will come crashing down...
Some people say its different this time, but ITS NOT, this boom, like those previously will last btw 15-23yrs...
Every correction is a chance to top up...
``The shortest bull market for commodities lasted 15 years, the longest 23 years,'' Rogers, 63, said in an interview. So if history is any guide, ``they've got a long way to go.''
Below is the key point to every1 out there that thinks commodities will come crashing down...
Some people say its different this time, but ITS NOT, this boom, like those previously will last btw 15-23yrs...
Every correction is a chance to top up...
``The shortest bull market for commodities lasted 15 years, the longest 23 years,'' Rogers, 63, said in an interview. So if history is any guide, ``they've got a long way to go.''
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Re: GOLD Where is it heading?
Ducati
Test your memory banks if you dare.
The $700 figure is presently a mere $55 away as I write.
I believe I said that $800 POG would be seen in 2007, although at the rate of present incline, that number is in jeopardy this year.
Re-reading your analysis of gold was interesting. If you claim to hang your hat on fundamental analysis you you would do well to understand more about the practice of mining and less about the chart of accounts when it comes to the commodity sector.
I think I should end this post with a personal "gloat", just so ducati can tell everyone how these can't be believed because..........
Try 45,000 OXR shares at an average entry price of $1.27
Ducati
Test your memory banks if you dare.
So that's one forecast down.
The $700 figure is presently a mere $55 away as I write.
I believe I said that $800 POG would be seen in 2007, although at the rate of present incline, that number is in jeopardy this year.
Re-reading your analysis of gold was interesting. If you claim to hang your hat on fundamental analysis you you would do well to understand more about the practice of mining and less about the chart of accounts when it comes to the commodity sector.
I think I should end this post with a personal "gloat", just so ducati can tell everyone how these can't be believed because..........
Try 45,000 OXR shares at an average entry price of $1.27
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Re: GOLD Where is it heading?
Hmmm gold dropped below $615, I suppose that as in the previous range $540 was my base an it dipped a few % below that in that range, given that $620 is my base 2% below is around $608, so well its still within my range,
I would be extremely worried if it fell below $610 for a sustained period,
So long as it stays $615 - $620 for a bit my range trade up to $720 is still in tact
YOUNG_TRADER said:
Hmmm gold dropped below $615, I suppose that as in the previous range $540 was my base an it dipped a few % below that in that range, given that $620 is my base 2% below is around $608, so well its still within my range,
I would be extremely worried if it fell below $610 for a sustained period,
So long as it stays $615 - $620 for a bit my range trade up to $720 is still in tact
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Re: GOLD Where is it heading?
Don't worry too much about the present numbers.
Gold remains in its annual "doldrums" so can meander a bit.
The recent sharp uspside was usual for this early part of the year, as we look for strong offtake to carry markets higher, and that is always in the last half.
If gold simply sat at the presnt price for a few more months (which it will not) then we are still looking at a plus$700 well before year's end and a chance $800 will be taken out.
Young_TraderYOUNG_TRADER said:
Don't worry too much about the present numbers.
Gold remains in its annual "doldrums" so can meander a bit.
The recent sharp uspside was usual for this early part of the year, as we look for strong offtake to carry markets higher, and that is always in the last half.
If gold simply sat at the presnt price for a few more months (which it will not) then we are still looking at a plus$700 well before year's end and a chance $800 will be taken out.
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Re: GOLD Where is it heading?
rederob
Apologies, only just saw this post today;
If I remember correctly, my assertion was that gold does not possess an intrinsic value . This I still stand behind. Speculation can take a price of an asset almost anywhere, and speculation is rampant in gold.
A large component of speculation in gold is/was supported via the Yen carry trade, which will come to an end as the BOJ ends the policy of liquidity.
April/May are the *marriage* months in India/Asia, and they are actually huge buyers of gold (larger than I realized).
This of course can be interpreted in two ways;
One, that when this years demand is satisfied, prices drop back, or two, it provides a *technical* signal for speculators to jump long.
My range calculation was approximately $400+ to $720 odd.
I see nothing currently to change my view.
As regards investing in the shares of gold stocks (producers) this strategy is fraught with additional difficulties. The reason is of course the gold ETF. This makes it very easy to speculate or invest, directly in gold itself.
Once, unless you traded gold futures, you had to gain exposure via the producers, I believe that many producers are lagging the moves in gold quite substantially and this could be the reason why.
As regards knowledge of *mining* over knowledge of *accounting* well I know exactly which one will return consistently safe excess returns, and it certainly doesn't rely on breaking a fingernail.
jog on
d998
rederob
Apologies, only just saw this post today;
If I remember correctly, my assertion was that gold does not possess an intrinsic value . This I still stand behind. Speculation can take a price of an asset almost anywhere, and speculation is rampant in gold.
A large component of speculation in gold is/was supported via the Yen carry trade, which will come to an end as the BOJ ends the policy of liquidity.
April/May are the *marriage* months in India/Asia, and they are actually huge buyers of gold (larger than I realized).
This of course can be interpreted in two ways;
One, that when this years demand is satisfied, prices drop back, or two, it provides a *technical* signal for speculators to jump long.
My range calculation was approximately $400+ to $720 odd.
I see nothing currently to change my view.
As regards investing in the shares of gold stocks (producers) this strategy is fraught with additional difficulties. The reason is of course the gold ETF. This makes it very easy to speculate or invest, directly in gold itself.
Once, unless you traded gold futures, you had to gain exposure via the producers, I believe that many producers are lagging the moves in gold quite substantially and this could be the reason why.
As regards knowledge of *mining* over knowledge of *accounting* well I know exactly which one will return consistently safe excess returns, and it certainly doesn't rely on breaking a fingernail.
jog on
d998
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Re: GOLD Where is it heading?
ducati
I sincerely appreciate your reply.
Thank you.
I respect our differing positions and agree that the commodity sector is neither for the faint hearted nor fundamentally illiterate.
All market trading carries risk: That is a given. My position is that if one has a reasonable understanding of the risk, and a very good understanding of the probabilities surrounding one's investments in that market, the risk is worth taking.
Since your last post in this thread, I have added $30k in gold equities to my portfolio, via OXR and LHG. My protfolio of CHESS holdings is below (note that I hold 50k CWT for yield):
ducati
I sincerely appreciate your reply.
Thank you.
I respect our differing positions and agree that the commodity sector is neither for the faint hearted nor fundamentally illiterate.
All market trading carries risk: That is a given. My position is that if one has a reasonable understanding of the risk, and a very good understanding of the probabilities surrounding one's investments in that market, the risk is worth taking.
Since your last post in this thread, I have added $30k in gold equities to my portfolio, via OXR and LHG. My protfolio of CHESS holdings is below (note that I hold 50k CWT for yield):
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Re: GOLD Where is it heading?
rederob
Well you are a gold bull, no question. However I suspect you were also a gold bull while the majority were gold bears, thus you have a comfortable cushion built into your positions.
For those just jumping onto the bandwagon due to *technical* studies, the volatility will play havoc with many of their positions.
jog on
d998
rederob
Well you are a gold bull, no question. However I suspect you were also a gold bull while the majority were gold bears, thus you have a comfortable cushion built into your positions.
For those just jumping onto the bandwagon due to *technical* studies, the volatility will play havoc with many of their positions.
jog on
d998
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Re: GOLD Where is it heading?
Don't regard OXR as a gold stock now, on my simple cals
gold will produce $30million of OXR profit this year
zinc $310million
copper $250million
Gold will be about 5% of OXR profits, also gold was the poor performer of the OXR quarterly with costs up and grades down.
This will probably improve but still stay behind copper and zinc revenues
rederob said:
Don't regard OXR as a gold stock now, on my simple cals
gold will produce $30million of OXR profit this year
zinc $310million
copper $250million
Gold will be about 5% of OXR profits, also gold was the poor performer of the OXR quarterly with costs up and grades down.
This will probably improve but still stay behind copper and zinc revenues
brerwallabi
The Oracle
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Re: GOLD Where is it heading?
The Indians have been avoiding buying gold as per this article but demand is not decreasing. Marriage season is almost over in India will the Indians replace their stocks now before gold goes $700 plus? It could be a busy few weeks again as some believe we have already had the gold correction on the way to $700, this is the consolidation that has occurred of recent months.
Gold as anchor
Ruchi Ahuja / New Delhi April 14, 2006
GOLD: The metal’s price is soaring worldwide, even as hoards begin trumbling out of closets in India
All that is gold does not glitter. Ask jewellers. The glitter is missing from their cash boxes, despite the beginning of the wedding season, with fresh gold buying down 30-35 per cent.
How come? It’s a rare occurrence. People, with a penchant for gold buying ahead of marriages, are using their hidden hoards of the metal instead of buying expensive new stock.
Coins, biscuits, old jewellery, even bars ”” they’re emerging from secret lockaways to be molten and reshaped into new jewellery. In a country where tradition runs deep and some memories of asset-losses on account of financial chaos run even deeper, gold serves as a treasured “store of value”.
“Overall, more hoarded gold is expected to come out this season,” says T Gnansekar, an independent analyst.
Look at the figures. Recorded Mumbai demand is down to 500-600 kg per day from a normal 800-900 kg around this time of the year, according to a local trader.
“Following the sudden spike in prices overseas, domestic demand has seen a decline,” says Suresh Hundia, director of Hundia Exports, and former president of Bombay Bullion Association (BBA).
But the gold jewellery craze is not exactly dipping, it seems (even though diamonds are gaining share among the younger lot). Domestic gold prices are touching new all-time highs almost every second day, in tandem with multi-year highs overseas.
Domestic gold saw a high of Rs 8,770 per 10 gm earlier this week in Mumbai, as overseas spot vaulted the psychological mark of $600 per troy ounce to touch a new 25-year high.
“A small correction can be seen, but it will only support fresh buying and thus, further price rise. Overseas spot is expected to touch $620-a-troy-ounce level, and the domestic price, Rs 9,100 per 10 gm,” says Prithviraj Kotheri, a Mumbai-based trader.
If that’s not much higher than current levels, according to Hundia, it’s because current stock levels are “comfortable”.
But the global scenario could change swiftly. The possibility of gold going even higher is outlined by GFMS’s Gold Survey 2006, which predicts an investment-driven bull run.
Says GFMS’s head Philip Klapwijk, “Levels safely over $600 are now in our sights and further hefty gains over the next year or two are quite possible ”” in the right circumstances, even the 1980 high of $850 could be overtaken.”
An interesting point, however, is that the Indian gold price has been converging with the international price. “The differential is down to Rs 34 per 100 gm today compared with Rs 60 per 100 gm a month ago,” says V. Sivaramakrishnan, executive director of Dubai-based Kombench DMCC.
One plausible reason is that the supplies are from local sources, so the “import premium” is in decline as India’s own hoarded gold tumbles out.
The bigger point is that gold in the modern age is not very mobile compared to other assets. Most of the gold in India stays put, and is hard to put to “flight”. Moreover, “Indians cannot do without gold” according to Harmesh Arora, a Mumbai-based bullion wholesaler and former vice-president of BBA. So gold’s stability, by and large, is assured.
Consumption demand is likely to stay stable too; the marriage season in the country began April 12 and the auspicious occasion of Akshayatritiya, which sees many gold-laden marriages, is on April 30.
What’s more, hoarded stocks will run thin at some point. So traders expect demand to go back to earlier levels.
“India will consume about 1,000 tonnes of yellow metal this year, compared with 850 tonnes last year,” predicts Asheesh Majumdar, chief general manager, MMTC. Investment demand will lead the figures, he adds.
The metal that John Maynard Keynes thought so lowly of could well turn in a surprise ”” as a rational bet.
The Indians have been avoiding buying gold as per this article but demand is not decreasing. Marriage season is almost over in India will the Indians replace their stocks now before gold goes $700 plus? It could be a busy few weeks again as some believe we have already had the gold correction on the way to $700, this is the consolidation that has occurred of recent months.
Gold as anchor
Ruchi Ahuja / New Delhi April 14, 2006
GOLD: The metal’s price is soaring worldwide, even as hoards begin trumbling out of closets in India
All that is gold does not glitter. Ask jewellers. The glitter is missing from their cash boxes, despite the beginning of the wedding season, with fresh gold buying down 30-35 per cent.
How come? It’s a rare occurrence. People, with a penchant for gold buying ahead of marriages, are using their hidden hoards of the metal instead of buying expensive new stock.
Coins, biscuits, old jewellery, even bars ”” they’re emerging from secret lockaways to be molten and reshaped into new jewellery. In a country where tradition runs deep and some memories of asset-losses on account of financial chaos run even deeper, gold serves as a treasured “store of value”.
“Overall, more hoarded gold is expected to come out this season,” says T Gnansekar, an independent analyst.
Look at the figures. Recorded Mumbai demand is down to 500-600 kg per day from a normal 800-900 kg around this time of the year, according to a local trader.
“Following the sudden spike in prices overseas, domestic demand has seen a decline,” says Suresh Hundia, director of Hundia Exports, and former president of Bombay Bullion Association (BBA).
But the gold jewellery craze is not exactly dipping, it seems (even though diamonds are gaining share among the younger lot). Domestic gold prices are touching new all-time highs almost every second day, in tandem with multi-year highs overseas.
Domestic gold saw a high of Rs 8,770 per 10 gm earlier this week in Mumbai, as overseas spot vaulted the psychological mark of $600 per troy ounce to touch a new 25-year high.
“A small correction can be seen, but it will only support fresh buying and thus, further price rise. Overseas spot is expected to touch $620-a-troy-ounce level, and the domestic price, Rs 9,100 per 10 gm,” says Prithviraj Kotheri, a Mumbai-based trader.
If that’s not much higher than current levels, according to Hundia, it’s because current stock levels are “comfortable”.
But the global scenario could change swiftly. The possibility of gold going even higher is outlined by GFMS’s Gold Survey 2006, which predicts an investment-driven bull run.
Says GFMS’s head Philip Klapwijk, “Levels safely over $600 are now in our sights and further hefty gains over the next year or two are quite possible ”” in the right circumstances, even the 1980 high of $850 could be overtaken.”
An interesting point, however, is that the Indian gold price has been converging with the international price. “The differential is down to Rs 34 per 100 gm today compared with Rs 60 per 100 gm a month ago,” says V. Sivaramakrishnan, executive director of Dubai-based Kombench DMCC.
One plausible reason is that the supplies are from local sources, so the “import premium” is in decline as India’s own hoarded gold tumbles out.
The bigger point is that gold in the modern age is not very mobile compared to other assets. Most of the gold in India stays put, and is hard to put to “flight”. Moreover, “Indians cannot do without gold” according to Harmesh Arora, a Mumbai-based bullion wholesaler and former vice-president of BBA. So gold’s stability, by and large, is assured.
Consumption demand is likely to stay stable too; the marriage season in the country began April 12 and the auspicious occasion of Akshayatritiya, which sees many gold-laden marriages, is on April 30.
What’s more, hoarded stocks will run thin at some point. So traders expect demand to go back to earlier levels.
“India will consume about 1,000 tonnes of yellow metal this year, compared with 850 tonnes last year,” predicts Asheesh Majumdar, chief general manager, MMTC. Investment demand will lead the figures, he adds.
The metal that John Maynard Keynes thought so lowly of could well turn in a surprise ”” as a rational bet.
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Re: GOLD Where is it heading?
But I think in this case the probabilities are just a lot higher and the time frames too short.
Looks like $700 by mid year and a chance that $900 will be taken out.
Gold has lagged base metal rises in percentage terms in the past year and if it plays "catch up" then $800 is likely in the last quarter, with a late tilt at $900 running into Xmas.
There is always the "ducati" factor to consider, and one can always fall off one's bike!
It's important to adjust future forecasts in the light of changing circumstances.rederob 21st-April-2006 10:11 PM said:
But I think in this case the probabilities are just a lot higher and the time frames too short.
Looks like $700 by mid year and a chance that $900 will be taken out.
Gold has lagged base metal rises in percentage terms in the past year and if it plays "catch up" then $800 is likely in the last quarter, with a late tilt at $900 running into Xmas.
There is always the "ducati" factor to consider, and one can always fall off one's bike!
Re: GOLD Where is it heading?
If u think gold is firing now, wait until USD falls and china dumps it and buys gold, this move has been highly anticipated by many for months as chinese reserves of US875billion are 75% in the US dollar and treasury notes, which have fallen by about 3% in the past year while (USD has appreciated somewhat) gold is up by about 40%....
UAE and Saudi banks will diversify their reserves into much less volatile currency, the Euro, and USD will tumble...
THe balance of article: http://www.marketwatch.com/News/Story/Story.aspx?column=Metals+Stocks&siteid=mktw&dist=
Unhedged producers definately the way to go...
http://www.kitco.com/ind/Dorsch/apr242006.html
ALso from the same article:
If u think gold is firing now, wait until USD falls and china dumps it and buys gold, this move has been highly anticipated by many for months as chinese reserves of US875billion are 75% in the US dollar and treasury notes, which have fallen by about 3% in the past year while (USD has appreciated somewhat) gold is up by about 40%....
UAE and Saudi banks will diversify their reserves into much less volatile currency, the Euro, and USD will tumble...
THe balance of article: http://www.marketwatch.com/News/Story/Story.aspx?column=Metals+Stocks&siteid=mktw&dist=
Unhedged producers definately the way to go...
http://www.kitco.com/ind/Dorsch/apr242006.html
ALso from the same article:
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Re: GOLD Where is it heading?
Interesting Video -
Titled :
What The Price Gold is Telling Us ...........
Here's the Link
http://www.lewrockwell.com/paul/paul319.html
------------------------------------------------------------------
Interesting Video -
Titled :
What The Price Gold is Telling Us ...........
Here's the Link
http://www.lewrockwell.com/paul/paul319.html
------------------------------------------------------------------
RichKid
PlanYourTrade > TradeYourPlan
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Re: GOLD Where is it heading?
Howdy Markets? How's it going over there? Hope all is well.
Thanks for the links, good stuff.
Looks like next stop for Gold is 700!! I wouldn't have believed that a few months ago- "a trend continues in force until...."
MARKETWAVES said:
Howdy Markets? How's it going over there? Hope all is well.
Thanks for the links, good stuff.
Looks like next stop for Gold is 700!! I wouldn't have believed that a few months ago- "a trend continues in force until...."
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Re: GOLD Where is it heading?
Dr Marc Faber's views have often been proved correct, this one has a " view with caution " warning: http://www.cbot.com/cbot/pub/cont_detail/0,3206,1037+37843,00.html
Dr Marc Faber's views have often been proved correct, this one has a " view with caution " warning: http://www.cbot.com/cbot/pub/cont_detail/0,3206,1037+37843,00.html
RichKid
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Re: GOLD Where is it heading?
An article on some major de-hedging, if only Newcrest NCM had the same idea. http://www.miningmx.com/gold_silver/292604.htm
An article on some major de-hedging, if only Newcrest NCM had the same idea. http://www.miningmx.com/gold_silver/292604.htm
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Re: GOLD Where is it heading?
So they lock in a $1.2 Billion loss in the HOPE of prices staying above $554/oz instead of taking a smaller but guaranteed profit.
When the producers start to speculate, you just know you've entered bubble territory
jog on
d998
So they lock in a $1.2 Billion loss in the HOPE of prices staying above $554/oz instead of taking a smaller but guaranteed profit.
When the producers start to speculate, you just know you've entered bubble territory
jog on
d998
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