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05-06-2013, 10:37 AM
#4861
Roubini puts up a good arguement
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05-06-2013, 02:18 PM
#4862
http://blogs.wsj.com/marketbeat/2012...rning-bullish/
Roubini turned bullish on stocks in Feb 2012, since that time S&P is up 21%, predicted S&P to end 2012 at 1300, it actually ended at 1409, an error of 8.3%.
He's predicting 2 more years of gains and $1,000 gold.
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06-06-2013, 07:52 AM
#4863
Originally Posted by Skol
http://blogs.wsj.com/marketbeat/2012...rning-bullish/
Roubini turned bullish on stocks in Feb 2012, since that time S&P is up 21%, predicted S&P to end 2012 at 1300, it actually ended at 1409, an error of 8.3%.
He's predicting 2 more years of gains and $1,000 gold.
But Roubini ignored the cost of extracting gold, he only assumed the price will fall as countries sell their holdings. And he also said the underlying reason for the gold downtrend is that the world economies (previously based on cheap energy) will fix themselves in the years to come. Except he didn't say how that will happen.
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06-06-2013, 08:01 AM
#4864
What has the cost of extracting gold got to do with the price?
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06-06-2013, 09:11 AM
#4865
Theres talk now that alot of people invested in the Share market are getting a bit antsie about what will happen when the printing presses slow or halt[they cant go on forever folks] Up to now ,this has ,for a large part, been supporting the market .This could cause a big readjustment.
Doesnt necessarily mean Gold will benefit ,but its something to ponder
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06-06-2013, 09:28 AM
#4866
Originally Posted by Skol
http://blogs.wsj.com/marketbeat/2012...rning-bullish/
Roubini turned bullish on stocks in Feb 2012, since that time S&P is up 21%, predicted S&P to end 2012 at 1300, it actually ended at 1409, an error of 8.3%.
He's predicting 2 more years of gains and $1,000 gold.
Here's a clip with Roubini talking of a perfect storm in markets....May 2012
http://www.youtube.com/watch?v=JvmpBEFZOZw
"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
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06-06-2013, 12:05 PM
#4867
With the move low in AUD/USD AUD gold is now only $30 from $1500 which is still a great price for producers with tight cost controls
And many reporting profits/operating in USD but listed on the ASX
Last edited by JBmurc; 06-06-2013 at 12:32 PM.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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06-06-2013, 04:54 PM
#4868
ASX 100 down about .5%, XGD down 4.5% today, a real slash and burn.
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07-06-2013, 07:21 AM
#4869
Originally Posted by Skol
ASX 100 down about .5%, XGD down 4.5% today, a real slash and burn.
US$ basket is crashing too, strange that the NZ$ has done the same yesterday. As expected though, US$PoG has climbed to $1420.
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07-06-2013, 04:00 PM
#4870
Another massacre on the XGD, down 5%, will it never end? Probably not, it's only a few points above a support level that will see it the lowest since 2005.
It has just dropped below 2716, the low on 28/10/2008, it's now the lowest since August 31 2005.
We can expect more downside, the punters who bought recently at the 'bottom' are gonna get a lesson in what a real bear market is like.
Last edited by Skol; 07-06-2013 at 04:47 PM.
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