Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I hate Obama, but my metals LOVE his stupid ass!!!
I think this is the point we start shorting gold.
I think this is the point we start shorting gold.
Why?
I think this is the point we start shorting gold.
Why?
Because the market is basically efficient. If the price of gold is high because "everyone" knows that inflation is coming, then all the news is out. It can only get better and people will get hammered.
What happens when the Fed actually raises rates after the election because ultra low rates really don't stimulate anything? No one is looking for that, which is why it might easily happen.
Feel free to short. I will stick to the maxim that the bottom is reached when the DJIA = 1 oz. AU.
Why?
Because the market is basically efficient. If the price of gold is high because "everyone" knows that inflation is coming, then all the news is out. It can only get better and people will get hammered.
What happens when the Fed actually raises rates after the election because ultra low rates really don't stimulate anything? No one is looking for that, which is why it might easily happen.
What makes you think gold at $1300 isn't evidence of an efficient market?
Eventually, gold will get hammered but I doubt it will happen soon. There will be corrections - there have been a few 20%+ declines since this gold market began. But thus far, all the foundations are still for a bull market. I would start looking for an end to the gold bull market if and when a flood of new supply comes into the market and/or monetary conditions get very tight. The Fed raised interest rates from 1% to 5.25% from 2003 to 2007 and gold more than doubled.
I wouldn't short gold here, except for a near-term overbought trade with tight stops.
We still haven't reached the euphoric stage of this yet.
Because the market is basically efficient. If the price of gold is high because "everyone" knows that inflation is coming, then all the news is out. It can only get better and people will get hammered.
What happens when the Fed actually raises rates after the election because ultra low rates really don't stimulate anything? No one is looking for that, which is why it might easily happen.
What makes you think gold at $1300 isn't evidence of an efficient market?
Eventually, gold will get hammered but I doubt it will happen soon. There will be corrections - there have been a few 20%+ declines since this gold market began. But thus far, all the foundations are still for a bull market. I would start looking for an end to the gold bull market if and when a flood of new supply comes into the market and/or monetary conditions get very tight. The Fed raised interest rates from 1% to 5.25% from 2003 to 2007 and gold more than doubled.
I wouldn't short gold here, except for a near-term overbought trade with tight stops.
We still haven't reached the euphoric stage of this yet.
Youi're joking. When radio ads tout gold the same way they did real estate, and before that stocks then we've hit a top. When I see people standing on streetcorners advertising to buy gold, we're at a top. You don't think all the scrap is going to gun supply? When the stock market starts making new highs all that money is going to pile out of gold and into stocks. I don't know whether this is really the top, or whether it's at 1300 or 1400 or 1500 but we're very close. Gold is thinly traded so it is subject to very big moves.
Feel free to short. I will stick to the maxim that the bottom is reached when the DJIA = 1 oz. AU.
I don't know if it is going to get to 1. It might, I just don't know. I don't think like that. I think, "What if it tops out at 3?" That would still put gold at $3500, a damn good return from here. I remember "Dow 36,000."
Lots of brokerages hedging for the next panic sale of stocks, which I'm guessing will come as soon as the Fed quits pumping container ship loads of cash into the stock markets.Can someone give a cogent explanation of why gold is going to go higher? There is absolutely no reason for it.
Can someone give a cogent explanation of why gold is going to go higher? There is absolutely no reason for it.
Can someone give a cogent explanation of why gold is going to go higher? There is absolutely no reason for it.
Because the dollar will continue to weaken, and possibly collapse.