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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (100011)	4/16/2013 4:27:06 PM
From: carranza2	5 Recommendations Read Replies (3) \| Respond to of 218738

I don't see any predictions. I don't think we'll see a run up soon. Too much technical damage has been done. In my estimation, and in that of gurus I trust, the recent unpleasantness was a mo-mo-momentum event caused by a breach of a significant price level - 1520. Once it was breached, many stops could be taken out, and the cascading game was on. The signal was the Squid calling for short sales. I discount the conspiracy theories. No Cyprus and its minuscule gold hoard, nothing of the sort. But bugs are a cynical, conspiratorially minded lot so there is a lot of commentary along those lines. In my view, it was simply an opportunity which was recognized by very aggressive shorters who were very successful. It happens on occasion. All the signs were plainly there for anyone to see, though hindsight is of course better. Stops at 1520 should have been in place for all who were in gold. I did not have them as I have been preoccupied more with work and other things than anything else. End of the world? No indeed. Fundamentals are still positive - negative interest rates still prevail and will be with us for a very long time, printing is excessive, currencies are being competitively devaluated, growth is weak, Europe is still a basket case (esp. France whose bonds are laughably priced), inflation measures are a joke, etc., etc. Some were indeed looking for speculative bubble profits in gold. Not me, though I wouldn't have refused them. Someone has written a very provocative piece I will link later in which the argument is made that gold has made its bullish parabolic move. I have doubts that the math bears this out, but I will look at it with more discernment later and will comment. In the meantime, there are huge distortions caused by the interventionist CBs. Capital is being magnificently misallocated and bubbles being created. It will not end well. That will be when you will want gold.

To: Maurice Winn who wrote (100011)	4/16/2013 5:59:18 PM
From: Snowshoe	1 Recommendation Read Replies (3) \| Respond to of 218738

Mq, are you feeling a bit of this today? ;) Goldenfreude businessinsider.com the pleasure of seeing gold fans lose money

To: Maurice Winn who wrote (100011)	5/15/2013 12:37:07 PM
From: Maurice Winn	3 Recommendations Read Replies (1) \| Respond to of 218738

You got that right Mq. Gold now back under $1400, heading for the 30 June sooth: <Gold bugs will be thrilled at the low price and will buy. But they will run out of money before the gold supplies run out. There won't be any greater fools to drive the price back up. > Mqurice

To: Maurice Winn who wrote (100011)	5/17/2013 3:18:15 AM
From: Arran Yuan	Respond to of 218738

Genuine gold holders will be happy to see the price down so far as they will be able to buy some more and in the meantime enjoy years more economic peace as global markets remain stable while political processes blunder around and dilutionary central bank quantitative easing at zirp continues apace. Indeed! I am happy I found Au, paper form to speculate for fun and physical form to play with QE ZIRP CBs for more joy, I wish QE ZIRP would stop right away. Gold does not earn anything ... True in minds of those 'for a few pennies more's! Why earning pennies more is so important? Because for those pennies mores, pennies are what solely counts. I often talk about those as commercialized to the bone marrow. A perfect analogy would be fashion chasers and 'star' fans. What does chasing a fashion or fanning a star earn? Oops, that is a wrong way to put it! How much does it earn? According the few pennies mores' logics, it earns nothing. However, the chasers and fans would have another perspective. What is earning pennie for?