drbubb Posted March 15, 2008 Report Share Posted March 15, 2008 Let's WATCH GLD (the Gold etf)... and see what the Volume looks like The Volume WAS STRONG on the break above $1,000 / GLD-$98.73 Link to comment Share on other sites More sharing options...
drbubb Posted March 15, 2008 Author Report Share Posted March 15, 2008 (from Steve Netwriter): OK, as a celebration of this day, a little montage for you. I hope you like it. And a big thank you to DrBubb for having us all here. Comrades In Golden Arms (CIGA) - May we travel safely and happily together. Link to comment Share on other sites More sharing options...
drbubb Posted March 15, 2008 Author Report Share Posted March 15, 2008 I am taking screenshots to preserve the moment. me too Link to comment Share on other sites More sharing options...
drbubb Posted March 15, 2008 Author Report Share Posted March 15, 2008 (The MOST IRONIC POST ever, from a GHPC thread ): QUOTE (Time to raise the rents. @ Mar 15 2008, 12:20 AM) Ah yes, the luxury of having been right means time and money to do as one pleases. On the other hand, the pain of having been wrong means endless toil to repay ones mistakes. I personally don't know how you bears find the time to post so relentlessly, like the undead - standing firm at all costs. Oh yes, it's because half the time is stolen from your employers...... UNQUOTE LOL This could be one of the most ironic posts ever- on this -the most ironic thread for it: TITLE : "Now gold is hit hard : Don't panic DrBubb..." - And the above TTRTR items was posted just as Gold surpassed $1,000 !! Very well done, TTTTK!! (Time To Toss The Keys) You are "fiddling while Rome burns'. Better get out and sell those massively overvalued properties before they slide even further towards their real values Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 15, 2008 Report Share Posted March 15, 2008 Hmm, I cannot attach charts on this thread. Link to comment Share on other sites More sharing options...
drbubb Posted March 15, 2008 Author Report Share Posted March 15, 2008 Hmm, I cannot attach charts on this thread. ??? I can for you: I can't help but to note again: This is a much more sustainable move than it was back in 2006. Much flatter on the log-scale. I do not expect a 2006-ish style correction. Link to comment Share on other sites More sharing options...
drbubb Posted March 17, 2008 Author Report Share Posted March 17, 2008 As we go through the day... Gold chart # 1 ................... : Gold chart # 2 ................... : .. Link to comment Share on other sites More sharing options...
drbubb Posted March 17, 2008 Author Report Share Posted March 17, 2008 this belongs here. too, i think I got this from Itulip. Not sure whether I've posted it here. This makes life very simple for you Is gold expensive ? Link to comment Share on other sites More sharing options...
drbubb Posted March 18, 2008 Author Report Share Posted March 18, 2008 Gold forecasts, 2008 examples: Martin Murenbeeld / Dundee Economics,Vancouver Gold / Range: $775 – $1,015 / Average: $890 The factors we expect to drive gold higher number eight, and other than occasional shifts in importance these haven’t changed in recent years.The most difficult factor to forecast is: (1) the geopolitical one, which is partly responsible for the surge in price in late 2007-early 2008. I noted last year that (2) the supply outlook is benign, whereas (3) infrastructural demand developments in Asia are quite revolutionary in my opinion.This is underscored by the opening of the Shanghai gold futures market. I continue to be a dollar bear: (4) the dollar is seriously overvalued against the Asian currencies and must decline further. If/when it does, we expect to see demand in Asia (already stimulated by growing wealth) increase more. Gold is still very depressed on (5) an inflation adjusted basis, so has upside room on this account. Dollar reserves in the world are ‘excessive’ and will continue to be (6) diversified. Oilproducing countries are benefiting from high oil prices and some of this wealth will find its way into gold.The boom in commodity demand should continue, and while I don’t think gold is a ‘commodity’ as such, it will benefit indirectly. Cycles (7) in the gold price last many years, and gold is only in year seven. My ace-in-the-hole is (8) monetary reflation: economic weakness would hurt the gold price were it not for expected interest rate cuts and monetary infusions to alleviate credit-market problems. A financial crisis would be dramatically positive for the gold price. Our 2008 year-average would be higher were we not a little concerned about how the market will handle a potential rise in the dollar versus the euro, if it came to that.Too much Fed focus on ‘inflation’ and not enough on ‘recession’ would also not benefit gold. Ross Norman / TheBullionDesk.com, London Gold Range: $840 – $1,250 / Average: $976 Following the stonking 30% rise in 2007, we remain manifestly bullish for gold prices and forecast that the market is set for another bumper year in 2008. Many of the factors that have taken us to record highs are likely to remain in play, but more so: specifically, accelerating investment demand of gold ETFs, safe-haven buying on ongoing concerns about the stability of the economy – but perhaps most importantly, rising inflation. Geopolitical tension may ease with the departure of Bush from theWhite House, and indeed the dollar may have seen the largest part of its decline, which could mitigate things. However, with mine supply remaining static, central bank sales comparatively limited, and the demand side fundamentals looking positive, we believe further significant gains are afoot with jewellery demand providing a welcome drag on runaway prices. Silver Range: $14.93 – $18.80 Average: $16.75 So often in the shadow of gold, silver has recorded impressive gains over the last four years.As primarily a by-product of base metals mining, it remains moderately price inelastic, and it can expect rising mine production based upon increases in production of the host metals, primarily copper. Silver’s price gains, however, can be attributed to solid demand-side investment, and that appetite looks set to continue in 2008 as the race between the old world and the emerging economies to corner the world’s natural resources intensifies... be it a mine or simply physical metal.The fly in the ointment may be the slowing global economy and, more so than in gold, this could signal a more modest increase than in former years. /more: http://www.lbma.org.uk/publications/2008survey.pdf Link to comment Share on other sites More sharing options...
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