Marketsurfer's bold gold proclamation

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thanks.

gold has broken the support and then bounced back up through it...but has started to retreat back to the 697 level with the index futures locked limit down.
surf
 
Incredible fear of a global recession and gold can't stay below $700? Add to that the massive gain in the U.S. adjusted monetary base recently...and the discrepancy between spot and physical gold/silver prices...and I'd be careful selling here, other than very short-term.
 
Quote from Wallet:
I agree, I see Gold nowhere near 600 in a not so distant future. Once liquidations subside, money will pour into metals & agriculture


Caulk this one up to some right field, nut job, thread basher.

I have to credit Surf for the call so far, but I believe the current fall is due to Hedgies bailing for cash, and that's about to decouple as some of these hedge funds will go under.

At that point, the markets will shut down.

Doomsday scenario I know, markets won't go away but will be under a new global Britton Woods type agreement.

Gold will be +1000 making new highs by the end of the year.

mark the post.

fwiw.

btw, all good coin dealers I know will pay $15-20 over spot for coins atm.
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Asian trade gold spiking fast $23 to $752...

Havent been able to see what has caused this in terms of info anywhere?

I expect it to then retreat or go sideways once NY opens as it usually does after asian trades
 
Quote from JSSPMK:

Dear Buy1Sell2 & others,

I believe I am onto something here. This is very relevant to what is happening right now in our economies - uncertainty about the future. I was looking at the Gold chart & failing to see the bullishness I am seeing in Silver at the moment, until I had a look at the Silver:Gold ratio chart. I believe Silver is set to start outperforming Gold in % growth, by doing so narrowing the ratio between the two.

So your reference to investments in "cash equivalents" is spot on, the key is to establish what they are.

ImPO this is a major opportunity.


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2158946>
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