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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ecrire who wrote (29077)	12/18/2012 12:52:50 AM
From: detlef gerlach	17 Recommendations Read Replies (1) \| Respond to of 29622

Your post makes no sense. To focus on a week to week or day to day or hour to hour price variation of gold will drive you nuts. In the short term it is all noise. The fundamentals of investing in gold have not changed. Any decision based on the day to day price volatility is pure guess. You might as well go to Las Vegas and play the slot machines. I don't mind some of your posts, but, please, have something meaningful to add or don't post.

To: ecrire who wrote (29077)	12/18/2012 2:56:34 PM
From: Jacob Snyder	Read Replies (3) \| Respond to of 29622

Question: why is gold and gold miners down? I have never invested in gold or gold miners, but I am seriously considering adding NEM and/or FCX. Item: 1. the "fiscal cliff" negotiations look like they are going to produce a trivial increase in tax revenue, a trivial reduction in spending, and therefore trillion dollar deficits into the indefinite future. 2. The Fed has promised zero short-term interest rates, and near-zero long-term interest rates, for years into the future. 3. serial QE also has continued, with the Fed on the way to owning every mortgage in the country. 4. This is a global pattern: Japan has just elected a government which ran on a platform of (more) massive government spending. Japan's debt to GDP, already at 200%, will increase further. 5. With much of Europe in recession, it is extremely unpopular for any government to cut spending. When forced to do so, the citizens riot, and the governments fall. 6. China's economy is slowing, so they too will be "stimulating" their economy in the usual ways. All the above should be devaluing all currencies relative to hard assets generally, and relative to gold specifically. So why is gold not spiking? NEM peaked a year ago, and is down to where it was in mid-2009. Why? Could someone point me to previous posts, or other links, where this question is analyzed? TIA.