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The Gold Bull is DEAD. Long Live The Gold Bull.; It ain't over yet flyboy.
Topic Started: 18 Jul 2013, 12:53 AM (16,409 Views)
goldbug
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Pig Iron
6 Sep 2013, 10:35 AM
Bardon
5 Sep 2013, 11:05 PM
Twelve pages in and not one snippet on why the fuck folks buy that shiny stuff yet.
they don't even know why themselves.

gold down to $1366. as i pointed out days ago, the rally is over.
As "you pointed out". Are you going on record now as calling the top in gold, :lol

Perhaps if you were short gold, instead of just being wrangled that you missed the biggest bull market in a decade, a person might take you seriously. But you go ahead and enjoy this week or so of volatility pigiron, because soon enough you will look just like the ones that spurred a dozen "Gold is Dead" threads here months ago, and you will once again be running under the table with your tail between your legs.


Lesson 1#
In markets nothing goes straight up grasshopper, remember that.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Pig Iron
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Bogan scum

goldbug
6 Sep 2013, 11:09 PM
As "you pointed out". Are you going on record now as calling the top in gold, :lol

Perhaps if you were short gold, instead of just being wrangled that you missed the biggest bull market in a decade, a person might take you seriously. But you go ahead and enjoy this week or so of volatility pigiron, because soon enough you will look just like the ones that spurred a dozen "Gold is Dead" threads here months ago, and you will once again be running under the table with your tail between your legs.


Lesson 1#
In markets nothing goes straight up grasshopper, remember that.
no but the rally you were so excited about is over. gold is plunging, down more than $23 this session.


maybe if you spent more time actually learning the fundamentals of the metals markets instead of pretending you are teaching me a lesson, you might regain some of the hideous losses you've suffered this year.

I am the love child of Tony Abbott and Pauline Hanson
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goldbug
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As I said pigiron, you have your moment in the sun now as gold corrects, but a couple of weeks action do not prove anything. I am quite happy to hold onto my gold just as the property investors were quite happy to hold onto their assets through the post-GFC lows. I see nothing fundamental to ward me off it, no big interest rate hikes, no booming economic ativity.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Strindberg
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Frank Castle
1 Sep 2013, 09:00 AM
Well, when the shoe shine boy and the idiot on the street start spruiking gold its time to get out.
Gold down 4.5% in the last two weeks.

Silver down 9.2% in the last two weeks.
Edited by Strindberg, 11 Sep 2013, 12:48 PM.
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Pig Iron
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Bogan scum

goldbug
11 Sep 2013, 08:26 AM
, but a couple of weeks action do not prove anything.
it's 2 years or more of falling gold prices.

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goldbug
11 Sep 2013, 08:26 AM
As I said pigiron, you have your moment in the sun now as gold corrects
is this you admitting i was right and the rally is over? that must have hurt.
goldbug
11 Sep 2013, 08:26 AM
I am quite happy to hold onto my gold
to the bitter end i'm sure. what a genius investor you are!
Edited by Pig Iron, 11 Sep 2013, 12:58 PM.
I am the love child of Tony Abbott and Pauline Hanson
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peter fraser
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India's Gold Imports Slump in August

Down by a whopping 90% from last August

NEW DELHI—India's imports of gold in August fell to less than a 10th of what it bought a year earlier, as higher import tax and a weaker rupee currency drove up local prices to a near record and tighter rules made imports tougher.

But demand is expected to pick up over the next two months because of the festival season, industry executives said.

India imported three metric tons of gold in the past month, compared with 35 tons a year earlier. The drop was even more dramatic compared with April, when imports totalled 142 tons as buyers rushed to take advantage of a fall in gold prices to a two-year low.

Link here
Any expressed market opinion is my own and is not to be taken as financial advice
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goldbug
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Quote:
 


Silver Imports Double In India – Bullion Coin, Bar and ETF Demand Surging

“Because of the restrictions on gold, traders shifted towards silver,” Mr Nambiath told the Financial Times, adding that demand for silver jewellery was likely to rise 20% year-on-year and that manufacturers already had full order books through to December.


U.S. Mint gold and silver eagles sales fell sharply in August but it is important to note that demand for the entire year is set to be close to or at a new record and the fall comes after the huge record demand seen in recent months.

The U.S. Mint’s sales of silver coins are heading for a record again this year, with sales of 33 million ounces (1,026 tonnes) to late August already matching the level of the whole of 2012.

Many other mints including the Perth Mint, the Royal Canadian Mint and the Austrian Mint have also seen a fall in sales recently but are set for record or near record sales again this year.

http://www.maxkeiser.com/2013/09/silver-imports-double-in-india-bullion-coin-bar-and-etf-demand-surging/


Of course gold was due for a minor correction, nothing goes up exponentially unless it is in a bubble and every time gold gets wildly overpiced it corrects. The last correction went below the mean obviously, but this is normal too and proves gold was never in a bubble.


No gold bug wants to see gold go parabolic in price because that would signal the end of the bull run and the necessity to bail out and everyone I know who holds gold wants the security it offers while the world sits on the brink of debt collapse.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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b_b
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goldbug
11 Sep 2013, 10:14 PM


Of course gold was due for a minor correction, nothing goes up exponentially unless it is in a bubble and every time gold gets wildly overpiced it corrects. The last correction went below the mean obviously, but this is normal too and proves gold was never in a bubble.


No gold bug wants to see gold go parabolic in price because that would signal the end of the bull run and the necessity to bail out and everyone I know who holds gold wants the security it offers while the world sits on the brink of debt collapse.
What do you mean by "overpriced"?
(S – I) + (T - G) + (M - X) = 0
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Shadow
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goldbug
11 Sep 2013, 10:14 PM
Of course gold was due for a minor correction, nothing goes up exponentially unless it is in a bubble and every time gold gets wildly overpiced it corrects.
I agree with you when you say gold was wildly overpriced a few weeks ago before this latest correction, however you need to keep in mind that there were goldbugs here telling us prices would keep rising two years ago when the gold bubble peaked at even higher levels than those wildly overpriced levels seen a few weeks ago.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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miw
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b_b
11 Sep 2013, 10:35 PM
What do you mean by "overpriced"?
There is of course no way to answer that when it comes to a commodity with no fundamentals and no yield.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
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