Gold Price - Where is it heading?

[roysolder]

just my opinion but i can,t see supply of gold keeping up with demand.
and btw explod, as a veteran poster i think you are entittled to hav little "out burst" from time to time especially from some of the dumb comments i,ve seen on here. gold doing very nicely
just mvho

 

[amory]

there is all this tedious obsession with Gold. is it a traditional thing? Gold has always turned people's heads ... going by its recent performance & that of the innumerable goldstocks, it simply doesn't merit all this attention. wish someone would start a Copper thread ... now there's a "precious metal" for you ... at least it would be of some practical use to all concerned.

 

[Sean K]

there is all this tedious obsession with Gold. is it a traditional thing? Gold has always turned people's heads ... going by its recent performance & that of the innumerable goldstocks, it simply doesn't merit all this attention. wish someone would start a Copper thread ... now there's a "precious metal" for you ... at least it would be of some practical use to all concerned.

While there's a perception it's valuable, you'd be silly not to invest in it at the right time and in the right way.

 

[Tradesurfer]

Stuck in a range until proven otherwise

 

[amory]

... while Everything else, even ERA (& it's not as if the price of uranium was anything to write home about) is going sky-high!

 

[GumbyLearner]

... while Everything else, even ERA (& it's not as if the price of uranium was anything to write home about) is going sky-high!

Just out of interest.
Do you have any holdings in bullion, ETF's or stocks Amory?

 

[amory]

... alright then - ERA not the best choice on the day. but what about ANZ CEY LEI & CSL ... all in different industries, all of them in full acceleration!!

meanwhile, NCM down 35, LGL down 2 ... a pitiful blot on the ASX board. during a week when the XAO gained 150 points.

 

[GumbyLearner]

... alright then - ERA not the best choice on the day. but what about ANZ CEY LEI & CSL ... all in different industries, all of them in full acceleration!!

meanwhile, NCM down 35, LGL down 2 ... a pitiful blot on the ASX board. during a week when the XAO gained 150 points.

Maybe it's time to follow the herd then on the XAO!

But there are billionaries out there hedging both ways. This guy made over $3 billion shorting US financials from late 2007.

Now he's buying paper gold and
168 million shares of Bank of America at the same time.

http://wallstreetpit.com/9421-john-paulson-buys-168m-shrs-in-bank-of-america

I'm sure the gold ETF is just "worthless" insurance right.

 

[amory]

I am not claiming that it's time to do anything, GL. but the shameful behavior of gold-stocks as against the Great Expectations touted by the 'experts' will take a long time to wipe from the collective memory of disgruntled traders worldwide.

any eventual rise in the Pog will be met with much distrust & cynicism. until then, forget about, thanks very much. pres Obama has no intention of allowing the USDollar to go into collapse mode ... a prerequisite for a gold advance.

 

[GumbyLearner]

I am not claiming that it's time to do anything, GL. but the shameful behavior of gold-stocks as against the Great Expectations touted by the 'experts' will take a long time to wipe from the collective memory of disgruntled traders worldwide.

any eventual rise in the Pog will be met with much distrust & cynicism. until then, forget about, thanks very much. pres Obama has no intention of allowing the USDollar to go into collapse mode ... a prerequisite for a gold advance.

Would you prefer to trade it or hold it?

Even old US Fed creator Morgan considered it money.
Not as easily replicated though.

So I go back to my earlier point

Do you hold bullion, ETF's or stocks at present?

 

[amory]

Answer: a few gold-stocks, dozing peacefully ... zzzzzzzzzz.
blissfully unaware of the turmoil all around them.

some LGL's ... lost in the fog .......

haven't got any "down-down-down-we-go" NCM's. when do you think they'll be worth a punt? closer to $20's ... or is that too soon?

anticipating the inevitable question: would I short them? No flippin' way, I wouldn't trust that treacherous garbage in either direction.

 

[Real1ty]

Would you prefer to trade it or hold it?

Even old US Fed creator Morgan considered it money.
Not as easily replicated though.

So I go back to my earlier point

Do you hold bullion, ETF's or stocks at present?

GL.

amory, or bash as he is affectionately known on other forums, is a perpetual gold basher and even more so. Jim Rogers.

Pretty sure he once received a tip from JR on LGL, lost money and never got over it.

Gold could hit $10,000.00 an ounce and he will find a way to bag it.

Having said that, i am no Gold bug, just filling in the blanks on our biased friend....

 

[GumbyLearner]

Answer: a few gold-stocks, dozing peacefully ... zzzzzzzzzz.
blissfully unaware of the turmoil all around them.

some LGL's ... lost in the fog .......

haven't got any "down-down-down-we-go" NCM's. when do you think they'll be worth a punt? closer to $20's ... or is that too soon?

anticipating the inevitable question: would I short them? No flippin' way, I wouldn't trust that treacherous garbage in either direction.

The best thing about NCM is their hedging and debt.
It's just horrendous in the current economic climate!

 

[amory]

GL.

amory, or bash as he is affectionately known on other forums, is a perpetual gold basher and even more so. Jim Rogers.

Pretty sure he once received a tip from JR on LGL, lost money and never got over it.

Gold could hit $10,000.00 an ounce and he will find a way to bag it.

Having said that, i am no Gold bug, just filling in the blanks on our biased friend....

Jim Rogers? never heard of him. there is or was one Jim Sinclair ... he's lost all cred, he's not worthy of mention, that charlatan.

listen Reality ... or whatever handle you've used elsewhere ... there is no need for me to "bag Gold" that fast-asleep commodity & you know why not ... it's doing a perfectly good job of it all by itself alone!

but I must admit to feeling pity & contempt for those who still stand up for it & hold it in great esteem when everything else around it is going for its life ... for some obscure outdated reason to do with currency & stuff.

and I would like to remind you that all along & through the whole debacle where everyone thought the world as we know it is coming to an end, I was the only one who kept reminding all & sundry that gold cannot come good without a collapse of the dollar & that this will not happen because the Fed is smarter than the lot of you!

and those who reviled & ridiculed me then, are now laughing out the other side of their face ... that's if they were putting their money where their mouth is & which I doubt very much. no one is that dumb, is my educated guess.

good night.

 

[GumbyLearner]

Jim Rogers? never heard of him. there is or was one Jim Sinclair ... he's lost all cred, he's not worthy of mention, that charlatan.

and I would like to remind you that all along & through the whole debacle where everyone thought the world as we know it is coming to an end, I was the only one who kept reminding all & sundry that gold cannot come good without a collapse of the dollar & that this will not happen because the Fed is smarter than the lot of you!

and those who reviled & ridiculed me then, are now laughing out the other side of their face ... that's if they were putting their money where their mouth is & which I doubt very much. no one is that dumb, is my educated guess.

good night.

Until a party with a vested interest says.....wait for it........wait a minute.........sorry to keep you waiting...I apologize for the delay but.....
NO! That means NO!

What do you mean NO?

We mean you owe us a lot of stuff...

SO WE SAY NO!

Couldn't possibly happen right?

 

[GumbyLearner]

March 1973 - How was the market looking then

 

[amory]

Until a party with a vested interest says.....wait for it........wait a minute.........sorry to keep you waiting...I apologize for the delay but.....
NO! That means NO!

What do you mean NO?

We mean you owe us a lot of stuff...

SO WE SAY NO!

Couldn't possibly happen right?

only because you profess to be replying to my post (which you quote) otherwise I wouldn't bother ... do you think you could try & explain in simple english what you are talking about???

something else has crossed my mind ... seeing that I am the only one with a clear understanding of the situation ... Gold is like a fighter who is tired & unable to take advantage of the openings because his punches cannot hurt a determined opponent ... the USD in this case.

even now, the dollar is far from its best. but Gold, worn-out & weary & fighting above its weight on account of the great expectations, cannot land a glove on it.

I got no interest, vested or otherwise. I describe it as I see it. there is no need for silly insinuations, just simply prove me wrong!

 

[explod]

only because you profess to be replying to my post (which you quote) otherwise I wouldn't bother ... do you think you could try & explain in simple english what you are talking about???

something else has crossed my mind ... seeing that I am the only one with a clear understanding of the situation ... Gold is like a fighter who is tired & unable to take advantage of the openings because his punches cannot hurt a determined opponent ... the USD in this case.

even now, the dollar is far from its best. but Gold, worn-out & weary & fighting above its weight on account of the great expectations, cannot land a glove on it.

I got no interest, vested or otherwise. I describe it as I see it. there is no need for silly insinuations, just simply prove me wrong!

The US$ index is at 79 and gold at 947. When the US index was at this level in late 2008 gold was at around 800. Gold is far from worn out and weary.

If you are serious about the conundrum of gold you could do no better than to read this entire gold thread. You will find all of the answers. There is a great deal to the gold as a currency story and more than can be adequately answered in a few lines in a post.

Gold has been a form of value exchange for more that 4,000 years, that kind of sentiment is ingrained. It is a very small market as well so even a slight amount of increased interest will see the price go through the roof.

So do yourself a favour and read the thread and in a couple of days we can discuss further your questions.

 

[amory]

following your advice Explod ... went backwards quite a number of pages. came across a good post by Nyden dated 19th June ... quote in part:

<< Just seems as though those that follow gold are always spouting for some big move which never seems to come. Yet, no matter what seems to happen in the world markets, in sentiment, and in the economy - gold doesn't seem to want to break $1000 again. How can any of you ignore that? How can so many people place such blind faith in a blooming unproductive yellow rock! It boggles the mind, and I despite how hard I try - I just cannot understand it. Then again, I don't understand those bible nuts either >>

that's two months ago. since then, just about everything has gone thru the roof ... except gold.

 

[explod]

following your advice Explod ... went backwards quite a number of pages.

that's two months ago. since then, just about everything has gone thru the roof ... except gold.

Think you will have to read a lot more yet and perhaps open your eyes to reality as well

Since 2001 gold has gone up 200% in the last 12 months it is up nearly 15%

In fact it has been in a mega uptrend since 1969 and shows no sign of breaking down.

And I give no advice or make claims. My posts are prefaced, I comment on what has taken place but the future always remains to be seen. However the past has shown that gold compared to paper money has more than held its value and it would appear that this will continue.

Keep up that reading old son and get back in a few days, in fact it will probably take a week to read it all, not selectively but all of it objectively.