Marketsurfer's bold gold proclamation
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http://ftalphaville.ft.com/blog/2009/01/05/50769/beware-commodity-index-rebalancing-ahead/
Rebalancing of commodity indexes by JP Morgan and others.
This wil soon end.
To the moon.
Rebalancing of commodity indexes by JP Morgan and others.
This wil soon end.
To the moon.
Quote from Debaser82:
http://ftalphaville.ft.com/blog/2009/01/05/50769/beware-commodity-index-rebalancing-ahead/
Rebalancing of commodity indexes by JP Morgan and others.
This wil soon end.
To the moon.
Frankly & personally speaking, I don't trust JPM's info for the masses, I'd rather just follow a chart & track (f)actual news events.
thanks for the rebalance post--good info!
however,
What's coming in the metals markets will make this a mere blip..... my opinion ofcourse.
best wishes, surf
however,
What's coming in the metals markets will make this a mere blip..... my opinion ofcourse.
best wishes, surf
Quote from zboy2854A:
In the past 3 months... Gold hit a low of $712.30 on Nov. 12, and rose to $821 to Nov 25
Then fell to $756 on Dec 5, and rose to $852 on Dec 18.
Then fell to $846 on Dec 25, and rose to $882 on Dec 31.
The fell to $859 on Jan 5...
Anyone notice a pattern?
Yes, I do. It's in a short term downtrend within an intermediate uptrend within a long term downtrend within a very long term uptrend.
You have discovered the intermediate uptrend, which has ended and turned back down.
given the oil price the saudi might have to unload their gold
November 13, 2008
Saudi Arabia buys $3.5bn of gold in two weeks
http://arabianmoney.net/2008/11/13/saudi-arabia-buys-35bn-of-gold-in-two-weeks/
November 13, 2008
Saudi Arabia buys $3.5bn of gold in two weeks
http://arabianmoney.net/2008/11/13/saudi-arabia-buys-35bn-of-gold-in-two-weeks/
Quote from ess1096:
All those US dollars out there in foreign hands (especially oil money) will get cashed in for gold before it hits $600. They believe in gold. I don't think they believe much in the dollar anymore. Essentially its an escape hatch from the dollar for them, as I see it. Once they take it, they will want or need to convert any dollars they take in on an ongoing basis to something safer as it comes in. If gold happens to be the only safe currency, then so be it. All the others are in a mad race tto debase as I see it. I can't imagine they haven't noticed this too.
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