At this point the Fed is simply waiting to pull the trigger on Quantative Easing round 3, the only bullet left in their arsenal in the fight against recession. When that happens, gold will go crazy.

He may have suggested the QE route, but he did call the housing crash and subsequent problems. You can rely on him to understand the problem, just not offer a proper solution. That's beside the point, though. There are all kinds of calls for high prices in gold from various sources that people have grown to distrust. Is that intentional or a bid to maintain legitimacy? Does it matter?

Why wouldn't it fit?

It isn't time until the market says it's time.

That has been an indication of capitulation selling by holders of GLD.

How is it that the price per share is up over 10% while the tonnes held in the trust declined by almost 2%?

Finally, here's an interesting and creative solution to the issue of getting all the gold from BoE to Venezuela.

Ok... why?

Shame I don't have any account which I can do put options because I did think of that.

But anyway, I'll be coming back to this thread when gold reaches $2000.

Hey type-A, deep breaths!

The greatest insult is to be ignored...


Great analysis. I don't think I can add anything to it.

What comes after the dollar hits a boost? It isn't worth it to have cash sitting around without a return. If there is a decent rate, what's being invested in to generate that return?

Looks like it's going back to $1800 for now could go further but be warned that gold is sensitive to small irrelevant things like Bernanke announcing QE3 even though the federal reserve will create money regardless and the ponzi scheme wont end until it comes crashing down.

What appears to happen in markets like gold:

1. Genuine demand from investors and producers pushes price up.
2. Silly speculators see the price doing up and they start buying.
3. Price goes up too high. Speculative bubble.
4. Silly speculators now think the market is "overbought" (Thanks to themselves no doubt) and so they sell. Or they profit-take at certain points.
5. Price comes down.
6. Certain people get annoyed at this. Certain speculators lose out and others win. Investors get annoyed because the price isn't being stabilised by smart short to medium term speculation.

I think technical analysis is only good int he short term. Using it for medium or longer terms is not any good. Technical analysis says something is overbought when it's simply just increasing demand.

I was thinking about selling today but I knew it was too risky to make short term bets. I definitely just want to hold on to gold as central banks kill fiat and more and more people see the benefit to gold.

I agree if you want to short gold in the short term, if you are prepared to do more regular trades but shorting gold for the long term is stupid in my opinion.

Once again...

What are you saying, they have his 200 ton ready to ship?

Chavez wants his gold. The price needs to be driven down before buying up physical, to avoid sending price over $2000.