see the chart between 07-09 .....gold went down while the Fiat keeped going up ....then it catched up ....the same is happening now IMHO
at some stage soon gold will catch up with the Fiat money ....
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Gold has dropped because of the possibility that the temporary agreement for the debt ceiling is signaling more stability in the US economy--time will tell
For those of you looking for a less emotive approach--gold still rangebound. As predicted it is rising and falling within a certain range.
Last year was a good one for equities [shares] If your crystal ball tells you that last years gains are an indication of this years performance ,then sell your gold and jump in[unless of course you are holding some as insurance--then its business as usual]
Yes this rangebound situation sees selling when the price gets toward the top of the range ,and buying when it gets near the bottom.
Until gold breaks out of the range,one way or another we will most likely see more of the same.
In general,Equity markets seem to be feeling optimistic these days,but of course ,its still against the backdrop of the same deep seeded issues.
I think you'll see gold take a dive when John Paulson lodges his 13F filings soon.
Here's his last year's gold stock picks.
AU -41%
NG -55%
GFI -32%
GOLD -17%
IAG -53%
There's a rumour circulating that the recent weakness in gold is because Paulson's selling. If it's true it'll become public knowledge soon, then plenty of punters will rush for the exits.
The other major gold punter is George Soros and it was reported 28/12/12 that Soros had big bets on these ETF's.
I've heard that before on the peak oil thread. Bermuda said "Chinese people are not stupid, they are buying all the oil they lay their hands on". That was when oil was about $140 a bbl.
I've heard that before on the peak oil thread. Bermuda said "Chinese people are not stupid, they are buying all the oil they lay their hands on". That was when oil was about $140 a bbl.
So they might not have their timing perfect, but I bet in hindsight it'll be OK.
Look at this video posted by Pietrade. Powerful stuff, it makes sense.
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