Gold Bear market over.

exter-inverse-pyramid.jpg
 
TreasureHunter said:
I thought we were getting prepared for 600 $ gold...
Click to expand...

Those were the same people that were preparing for gold to go $5000 back in 2011 during the bull run. Some people like to ride the wave until it crashes :D

But yes the bear market is over :cool:
 
leo25 said:
TreasureHunter said:
I thought we were getting prepared for 600 $ gold...
Click to expand...

Those were the same people that were preparing for gold to go $5000 back in 2011 during the bull run. Some people like to ride the wave until it crashes :D

But yes the bear market is over :cool:
Click to expand...

Then this is going to be one extremely short bull market. :)
 
Yeti Hunter said:
A few days of positive movement and you're calling it?
Click to expand...
Any market move is a major turning point when you're a goldfish :)

7ybSF91.jpg


BTW: I think I found the source of all the "gold to the moon" stories:

YoYIyJO.jpg
 
TreasureHunter said:
I thought we were getting prepared for 600 $ gold...
Click to expand...

Ned Davis still believes so;
From the January 1980 peak to the February 1985 trough, gold lost 65.8%, according to a note posted today by John LaFarge, commodity specialist for Ned Davis. So far this cycle, gold is down -35.7% from its August 2011 $1888/oz. peak. If it follows the path of the 1980s bear market, it lands at $660 an ounce.

Gold's biggest foe back then is the same as it is now: The soaring value of the U.S. dollar. Gold fares best when paper money is losing its value. But the dollar has surged against the euro and the yen, in large part because U.S. interest rates, low as they are, are higher than those of other major countries. And gold, after all, pays no interest or dividends.
Click to expand...
Link
 
Gold's biggest foe back then is the same as it is now: The soaring value of the U.S. dollar. Gold fares best when paper money is losing its value. But the dollar has surged against the euro and the yen, in large part because U.S. interest rates, low as they are, are higher than those of other major countries. And gold, after all, pays no interest or dividends.
Click to expand...

Got to be one of the dumbest things I've read. :/
 
The funny thing with these deflationary predictions of gold dropping to $600 is that they are based on nothing.
In all previous deflations say for example 1930's the buying power of the dollar went up.. But it was gold that went up not a paper concoction from the fed. The dollar was gold in all the previous depressions so the buying power of gold was increased aka the $. This time not so clear is it.
 
You must log in or register to reply here.
Back
Top