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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Horgad who wrote (54028)	12/2/2013 4:20:41 PM
From: Real Man	Read Replies (1) \| Respond to of 71456

Many gold majors are trading at Y2K levels. Means unreal prices, made in América, a country that owns 5% of above ground gold, by your neighborhood quant and his supercomputer.

To: Horgad who wrote (54028)	12/2/2013 10:26:03 PM
From: Real Man	4 Recommendations Recommended By ggersh KobaltBlauw Paxb2u roguedolphin Read Replies (2) \| Respond to of 71456

P/e is meaningless, as gold appears to be trading below the cost of getting it from the ground. Miners should just shut down and stop selling output of their mines at these prices, then see how derivatives boys take it. China alone will buy all gld within a year. Xau/gold is like Schiller index of sort - miners are heavily shorted, have been as a hedge of the metal. I would expect tremendous bull market in gold shares when this bear ends. However, a bear is a bear, and a very brutal gold bear indeed - hurry to get on the gold bus, and you can wind up under it