Gold price dives through support to new low. Gold Bubble continues to deflate.; Gold price to drop another 15% this year say strategists at Societe Generale
Tweet Topic Started: 3 Apr 2013, 10:29 AM (37,676 Views)
The Jewelry market buys gold as a commodity. Investors buy gold when real interest rates are negative. Presently rest interest rates are minus 5% or so in the major currencies. Until real interest turn positive, Gold ain't leaving the building!
so gold didn't have a huge route last week i was just imagining it?
frankrider
30 Apr 2013, 07:28 PM
And the gold bull is over? Just getting started imo. We are well past the stealth stage, time to pump and dump.
gold is down 5.7% over the last 2 years. if you think it's still a bull market i'd hate to see your idea of a bear market....
Interesting discussion of paper vs. physical gold from someone who seems to know his stuff here. I don't necessarily agree with his extrapolations, but the basis of his argument at least seems sound to me.
Same as anything else. Paper gold is simply IOU gold with varying maturities. It's that simple. Paper gold is the central bank gold interest bearing loans to the investment banks as well, not only futures.
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
Like Timmy said in the other thread... "nothing goes up in a straight line" after 12 or so years, a pull back before climbing again is not to be unexpected..
There are some people who seem angry and continuously look for conflict. Walk away, the battle they are fighting isn't with you, it's with themselves.
The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it. The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.
Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
Like Timmy said in the other thread... "nothing goes up in a straight line" after 12 or so years, a pull back before climbing again is not to be unexpected..
Houses aren't the only things that have dead cat bounces. This cat isn't looking well.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Like Timmy said in the other thread... "nothing goes up in a straight line" after 12 or so years, a pull back before climbing again is not to be unexpected..
Houses aren't the only things that have dead cat bounces. This cat isn't looking well.
it isn't a bounce, more like the dead body rolling down the side of the road.
gold is down 24% from peak. that's a pretty epic drop. one might even call it a crash....
it isn't a bounce, more like the dead body rolling down the side of the road.
gold is down 24% from peak. that's a pretty epic drop. one might even call it a crash....
A classic case of ask and you shall receive ...
The Bears have been bleating for a Crash , and it looks like they got one.
it's no wonder ted bullshit is in hiding. he sold in 2011 and piled into gold and silver. silver has already had it's melt down , dropping 60% from peak.
even if we are generous and ignore his silver investment and assume he purchased all his gold at the 2011 low of around $1500/oz, in 2 years all he has done is pay rent (sorry mean mooch off his brother) and lose $50/oz. it's paid him no yield, and he still has to buy back his house at a higher price since sydney has now reached a new peak. not to mention he needs to paid stamp duty.
his plan to smuggly buy back in at 40% less has completely exploded in his face. this is what awaits all these idiots telling me they will buy my house with cash "in a few more years".
I am the love child of Tony Abbott and Pauline Hanson
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