Errol Posted August 22, 2009 Report Share Posted August 22, 2009 ~Chart is self explanatory ... Link to comment Share on other sites More sharing options...
Errol Posted August 23, 2009 Report Share Posted August 23, 2009 Gold May Rise to $5,000 on Inflation, Schroder Says Link to comment Share on other sites More sharing options...
TrueNorth Posted August 24, 2009 Report Share Posted August 24, 2009 Clive Maund Gold Market update: 23rd August gold update UPSIDE BREAKOUT ALERT: gold is now believed to be very close to an upside breakout to new highs, a development that should lead to a rapid advance towards the $1300 area, and it should be noted that this scenario will not be negated by a brief sharp drop that may be aimed at wrong-footing a lot of traders. The reasons for shifting from our recent stance of neutral/bullish to flat out bullish are as follows... 1. Massive inflationary pressures building as the gargantuan panic measure increases in M0 money supply by the US Fed late last year and well into this year come through the pipe, replicated in other countries around the world although probably not on such a grand scale. 2. strong breakout by US stockmarkets late last week that portends continued gains, confirming the building inflationary pressures. 3. ongoing gains in the prices of other commodities - copper continues to advance, crude oil threatening to break clear above June highs. 4. window for dollar to stage a strong rally believed to be closing, increasing downside risk - it appears that the dollar is to be sacrificed in favor of Treasuries - a quite logical way of reducing reducing the debt burden, even if not entirely appreciated by creditors. 5. significant improvement in gold COT last week. 4. gold's best month of the year seasonally, September, is just around the corner. I find Clive's stuff very good. I posted his analogous Silver Market update on the silver thread. Link to comment Share on other sites More sharing options...
TrueNorth Posted August 24, 2009 Report Share Posted August 24, 2009 Clive Maund Gold Market update: 23rd August gold update Very good chart on the above -- Gold in Euros "looks like it is setting up to go parabolic" according to Clive: Link to comment Share on other sites More sharing options...
safebetter Posted August 24, 2009 Report Share Posted August 24, 2009 Gold May Rise to $5,000 on Inflation, Schroder Says Hi Errol - not sure if you spotted - but thats a 2008 article....... SafeBetter Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted August 24, 2009 Report Share Posted August 24, 2009 Clive Maund Gold Market update: 23rd August gold update I find Clive's stuff very good. I posted his analogous Silver Market update on the silver thread. well someones gonna be wrong prechter is expecting a dollar rally Link to comment Share on other sites More sharing options...
Pixel8r Posted August 25, 2009 Report Share Posted August 25, 2009 Link to comment Share on other sites More sharing options...
wren Posted August 25, 2009 Report Share Posted August 25, 2009 ...image... With a population of over 130 million 19 million ounces isn't much. They need to buy a lot more to get to about 1 ounce per capita which is good backing. Link to comment Share on other sites More sharing options...
nicejim Posted August 25, 2009 Report Share Posted August 25, 2009 With a population of over 130 million 19 million ounces isn't much. They need to buy a lot more to get to about 1 ounce per capita which is good backing. Taking population data from here http://en.wikipedia.org/wiki/List_of_countries_by_population ...and official gold reserves from here http://en.wikipedia.org/wiki/Official_gold_reserves ...and allowing for some copy/paste errors ...I created a spreadsheet of gold reserves per person here http://spreadsheets.google.com/pub?key=twV...amp;output=html Points of note 1) ECB reserves are listed separately and I didn't bother splitting them between Eurozone populations 2) Bullionvault has more gold than Jordan 3) Canada and Chile are surprisingly low on the list 4) Does anyone want to finance an invasion of Aruba? Err...I mean "an enterprise of great advantage, but none to know what it is" Link to comment Share on other sites More sharing options...
Pixel8r Posted August 25, 2009 Report Share Posted August 25, 2009 With a population of over 130 million 19 million ounces isn't much. They need to buy a lot more to get to about 1 ounce per capita which is good backing. I was more impressed with the 600,000 ounces bought last month. Another couple of months like that and they will have overtaken the UK Toz/person. Link to comment Share on other sites More sharing options...
bazmercer Posted August 25, 2009 Report Share Posted August 25, 2009 Hm, I was amazed to discover that Russian and Japan have a similar population. Link to comment Share on other sites More sharing options...
TrueNorth Posted August 25, 2009 Report Share Posted August 25, 2009 By Stewart Thomson, re gold, US $: "A Sea-change is Coming" - from 321 gold Approx 65% of all monetary transactions in the world involve US dollars. Think about that very very carefully. If the bankers were to create a "situation of insanity", where the dollar began to hyperinflate, or even appeared set to hyperinflate, a stampede out of dollars and into gold would take place. Think about the economic ramifications of such an event. It would be a global economic catastrophe of unprecedented size. Link to comment Share on other sites More sharing options...
TrueNorth Posted August 26, 2009 Report Share Posted August 26, 2009 GBP price has surpassed 581 this morning. That's the highest we have seen since June. Plus 580 was entered in January and stayed above that until june. It's been sideways since June in a very narrow range. Hopefully that's built up the jet fuel we've been looking for to sauter past 1000. Link to comment Share on other sites More sharing options...
alexreeve Posted August 26, 2009 Report Share Posted August 26, 2009 GBP price has surpassed 581 this morning. That's the highest we have seen since June. Plus 580 was entered in January and stayed above that until june. It's been sideways since June in a very narrow range. Hopefully that's built up the jet fuel we've been looking for to sauter past 1000. If you're still talking GBP then I rather doubt it. Link to comment Share on other sites More sharing options...
TrueNorth Posted August 26, 2009 Report Share Posted August 26, 2009 If you're still talking GBP then I rather doubt it. party-pooper! my mistake. Generally, though I mean "the next big move" up. No idea what that may be in GBP. £700 in the short term? Link to comment Share on other sites More sharing options...
jamesspeed Posted August 26, 2009 Report Share Posted August 26, 2009 Everyone now seems to be calling for an upside breakout - Chris Locke on cnbc this morning said he expected up upside breakout -I cannot find any negative views at this time - Also most people are calling on a weaker $ , which should be positive for Gold appart from Dr B ? I still remain v.cautious - if there is a stock market crash I think the $ will quickly go up and gold down - Any other short term views ? Link to comment Share on other sites More sharing options...
chazza Posted August 26, 2009 Report Share Posted August 26, 2009 Everyone now seems to be calling for an upside breakout - Chris Locke on cnbc this morning said he expected up upside breakout -I cannot find any negative views at this time - Also most people are calling on a weaker $ , which should be positive for Gold appart from Dr B ? I still remain v.cautious - if there is a stock market crash I think the $ will quickly go up and gold down - Any other short term views ? GBP feels weak to me as does the rally in risky assets. I invested my final 50% of my Sterling cash pot into gold. Link to comment Share on other sites More sharing options...
TrueNorth Posted August 26, 2009 Report Share Posted August 26, 2009 Chazza -- go you! Everyone now seems to be calling for an upside breakout - Chris Locke on cnbc this morning said he expected up upside breakout -I cannot find any negative views at this time - Also most people are calling on a weaker $ , which should be positive for Gold appart from Dr B ? I still remain v.cautious - if there is a stock market crash I think the $ will quickly go up and gold down - Any other short term views ? I think the dollar will go up in the crash, and gold down. That's the short-term. And then, it will turn. Dollar will crash and gold will go up. Link to comment Share on other sites More sharing options...
jamesspeed Posted August 26, 2009 Report Share Posted August 26, 2009 Yes so perhaps the question is , if you hold sterling , which is going to go down faster- Sterling or $ Link to comment Share on other sites More sharing options...
romans holiday Posted August 26, 2009 Report Share Posted August 26, 2009 Yes so perhaps the question is , if you hold sterling , which is going to go down faster- Sterling or $ I think the dollar is safer than Sterling. If/when the markets crash the dollar will spike. I imagine Sterling would go the way of the market. Then there is always Yen. Link to comment Share on other sites More sharing options...
Mr Pipples Posted August 26, 2009 Report Share Posted August 26, 2009 Everyone now seems to be calling for an upside breakout - Chris Locke on cnbc this morning said he expected up upside breakout -I cannot find any negative views at this time - Also most people are calling on a weaker $ , which should be positive for Gold appart from Dr B ? I still remain v.cautious - if there is a stock market crash I think the $ will quickly go up and gold down - Any other short term views ? Hoye maybe - http://www.greenenergyinvestors.com/index....st&p=123012 Link to comment Share on other sites More sharing options...
romans holiday Posted August 26, 2009 Report Share Posted August 26, 2009 Everyone now seems to be calling for an upside breakout - Chris Locke on cnbc this morning said he expected up upside breakout -I cannot find any negative views at this time - Also most people are calling on a weaker $ , which should be positive for Gold appart from Dr B ? I still remain v.cautious - if there is a stock market crash I think the $ will quickly go up and gold down - Any other short term views ? I always get a little nervous when everyone is making the same call. Statistically, I wouldn't be surprised that if you made the opposite bet to the consensus you would come out on top. I am wondering if we could see the market flat and a bit to the downside here before we get a final rally up. Then in the fall we might finally see the big dip. Take with a heavy dose of salt of course. Link to comment Share on other sites More sharing options...
jamesspeed Posted August 26, 2009 Report Share Posted August 26, 2009 Chazza -- go you! I think the dollar will go up in the crash, and gold down. That's the short-term. And then, it will turn. Dollar will crash and gold will go up. So short term , say next month or so , sell gold and then reinvest after the correction . Link to comment Share on other sites More sharing options...
TrueNorth Posted August 26, 2009 Report Share Posted August 26, 2009 So short term , say next month or so , sell gold and then reinvest after the correction . No, not for me. I plan to hang onto my gold into the contraction, and then when it rebounds, trade it for silver. Link to comment Share on other sites More sharing options...
Gatesy Posted August 26, 2009 Report Share Posted August 26, 2009 I always get a little nervous when everyone is making the same call. Statistically, I wouldn't be surprised that if you made the opposite bet to the consensus you would come out on top. I am wondering if we could see the market flat and a bit to the downside here before we get a final rally up. Then in the fall we might finally see the big dip. Take with a heavy dose of salt of course. I'm keen to keep watching the COT stats, with particular reference to Frizzer's call re a low in long commercial positions. Anyone know how to track this daily? Link to comment Share on other sites More sharing options...
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