Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (32906)	11/26/2004 11:39:35 PM
From: Taikun	Read Replies (2) \| Respond to of 39344

DAK, Well, the point is that in Euro and Canada and other countries gold's performance has been uninspiring. Here's what I don't understand: There have been a great many calls for gold to 'quickly go to $500 past $424' and '$430-$434 is major resistance which the cabal is vigorously defending' and 'above $450 we will quickly reach $500'. I see nothing of the sort. Without dollar devaluation, I think gold would be flat, and it has sold off on a few days. This is all quite worrisome. So, unlike oil, which is a necessity worldwide, and one can use the USD denominated WTI price charts to gauge performance, since gold is only a must-have investment in countries where financial risk is rising (ie the US) outside of those countries, the argument for gold is not compelling. I think we need to look at gold differently, in a way that measures performance outside the USD, because I think using gold in USD leads to these predictions based on technical analysis that is flawed because the USD performance affects the movement. Why isn't Gold analyzed differently? David