tag:blogger.com,1999:blog-30136383.post1710764982249447671..comments2024-03-07T10:17:41.979+00:00Comments on the tap: Gold At $500 Within 6 MonthsTapestryhttp://www.blogger.com/profile/17267094484651413428noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-30136383.post-21261218928970341722009-02-22T02:02:00.000+00:002009-02-22T02:02:00.000+00:00The dollar has been rising strongly since Septembe...The dollar has been rising strongly since September 2008. No sign of any weakening yet. In fact it's never looked stronger. <BR/><BR/>Gold is expensive and is a highly volatile market. Why not sell that and buy into shares in two months time? They are becoming very cheap and offer longterm gains as the world gradually recovers.<BR/><BR/>I know disaster movies are great fun, but the real world is not nearly so entertaining.Tapestryhttps://www.blogger.com/profile/17267094484651413428noreply@blogger.comtag:blogger.com,1999:blog-30136383.post-5917885867915487002009-02-21T02:05:00.000+00:002009-02-21T02:05:00.000+00:00I see your concern, but is it not that people are ...I see your concern, but is it not that people are stocking up on gold because they think the dollar system may collapse?<BR/><BR/>Peter Schiff suggest gold will go up and up, and he predicted the whole problems we are in now.<BR/><BR/>"Peter Schiff was right":<BR/>http://www.youtube.com/watch?v=2I0QN-FYkpw<BR/><BR/>"Napolitano, Ron Paul, Peter Schiff":<BR/>http://www.youtube.com/watch?v=Pw7U8JS1a4A&feature=relatedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-30136383.post-75293719861370761722009-02-21T02:04:00.000+00:002009-02-21T02:04:00.000+00:00"Jodie just fell into my lap. What more can I say?..."Jodie just fell into my lap. What more can I say?"<BR/><BR/><BR/>LOL!!!!!<BR/>ROTFLMFAO!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30136383.post-87864078084575205262009-02-21T00:24:00.000+00:002009-02-21T00:24:00.000+00:00Comments moderation is very necessary on political...Comments moderation is very necessary on political blogs, N.a.! <BR/><BR/>If the comments come in while I'm asleep which is very common from the USA, as I currently live in Manila, Philippines, they can take a few hours to appear in the blog.<BR/><BR/>The gold market was interesting yesterday. It poked its nose over $1000 but fell back. The two downwaves during the day were clear 5 part 'motive' waves, which shows that the down 'emotion' (fear of a fall in the gold price) is building even while the price is rising.<BR/><BR/>The rising waves are still corrective in pattern and not motive, which is all very strange.<BR/><BR/>With the ETFs, how many investors bother to read the small print? <BR/><BR/>The commitments of traders figures show that it is mostly small traders going long. Big traders are increasing their net short positions week on week. The information is only available in pay-for sites.<BR/><BR/>When the market corrects it will have to find a new floor. If there is a loss of faith in gold ETFs at the same time, that floor could be a long way down.<BR/><BR/>Jodie just fell into my lap. What more can I say?Tapestryhttps://www.blogger.com/profile/17267094484651413428noreply@blogger.comtag:blogger.com,1999:blog-30136383.post-2207770716140437402009-02-20T17:25:00.000+00:002009-02-20T17:25:00.000+00:00Right, thanks for the explanation.I see that the k...Right, thanks for the explanation.<BR/><BR/>I see that the key is to convince people that futures trades (nothing physical) are spot trades (physical gold). This misleads one as to the level of demand for physical gold.<BR/><BR/>Wow, this is very, very nasty if it's true. As you say, the market would take a BIG drop if it suddenly came out.<BR/><BR/>BTW, I see now that my comments do not show up immediately and I just need to be patient for them to appear.<BR/><BR/>Also, the use of 'Jodie' on the gold post was very apt, as you explained. It fits in so many ways... Pretty funny and pretty clever, too! It (they!) definitely got my attention.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30136383.post-35707611515038065432009-02-20T16:24:00.000+00:002009-02-20T16:24:00.000+00:00Markets that are sent up by futures trades and not...Markets that are sent up by futures trades and not in spot trades usually fall to earth once the run-ups are over e.g. oil, rice last year. <BR/><BR/>Real gold demand is actually crashing, and supply increasing, - from IMF sales, scrapping by people and mining and refining efficiencies with the jewelry industry on the floor.<BR/><BR/>The ETF trick is to persuade people that futures trades are spot trades when they are not. <BR/><BR/>There is an increase in demand for coins but the increase is not enough to make up for the lost demand in jewelry - or barely enough.<BR/><BR/>Once the price turns down, the speculative demand will disappear and there will be a huge oversupply of metal, while the longs get burned.Tapestryhttps://www.blogger.com/profile/17267094484651413428noreply@blogger.comtag:blogger.com,1999:blog-30136383.post-59481726708176982672009-02-20T15:40:00.000+00:002009-02-20T15:40:00.000+00:00Yep, once again, I think you've nailed it.This GLD...Yep, once again, I think you've nailed it.<BR/><BR/>This GLD scenario smells like week-old fish to me.<BR/><BR/>To me, the numbers don't add up and the fine print in the prospectus nails it.<BR/><BR/>As you say, most ETF share holders probably have no idea that this is even an issue.<BR/><BR/>Imagine what happens if word were to get out that GLD doesn't actually have the gold it seems to claim.<BR/><BR/>Do you think that could result in gold spiking because it would show that demand far exceeds supply.<BR/><BR/>Or, am I missing something there.<BR/><BR/>Thanks again for staying on this issue!Anonymousnoreply@blogger.com