Gold is such a pathetic hedge(or a non-hedge even)

[sprstpd]

Yea, so what is the point of that?

Record purchases the two previous years and price went .... up. Not 20 years ago. Last year and the one before.

There's a history of central bankers not being good traders. Central bankers will look upon their recent sales as stupid years later.

 

[duanecolon]

Gold is very unpredictable now :/

 

[maxinger]

In times of crisis, investors / fund managers ... hedge using gold.

Also In times of crisis, investors / fund managers ... hedge using USD.

Result? gold/USD chart becomes very chaotic.

So? Simply do day trading.

 

[CopperOverGold]

Gold is very unpredictable now :/

It's heating up now. NEM is also looking to break out of a 15 year base. It should be a face ripper.

Gold's performance this week - I may have to rename my handle. I'm also dumping my copper. It was a good run, but things are lining up for gold and silver to be the front running commodity right now. By a country mile. Lets see if this breakout holds. The setup is there. Defensive assets are getting a bid.

 

[Bill R]

Oh Baby! Gold has has finally broken away from bonds over the last couple of days. My guess is the 10 year starts to tank and takes equities with it.