Search completed
Gold, the beloved investment pick that is still being heralded as a one-way trade to the moon, is getting some $1500 love from traders. Bloomberg reports: Investors are accumulating enough bullion to fill Switzerland’s vaults twice over as gold’s most- accurate forecasters say the longest rally in at least nine decades has further to go […]
If this is true – it sure is classic Goldman! ZeroHedge reports: In the latest Perspectives from Goldman Sachs Asset Management (intended FOR BROKER-DEALER, FINANCIAL INSTITUTION, OR INSTITUTIONAL INVESTOR USE ONLY. NOT FOR DISTRIBUTION TO CLIENTS OR THE GENERAL PUBLIC), in addition to summarizing all the other recent actions presented by the firm’s key departments, […]
Since it feels like we may be at a major turning point in the markets, I thought it’d be useful to review our current outlook with regards to the various key markets. As always, please take these musings with a grain of salt – I’m just an armchair trader and blogger, after all! The Dollar […]
Many of us in our Contrary Investing community are sympathetic to the deflation argument. And many of us are also gold bulls – either former, or present! So how will gold perform if deflation wins out in the near term (as we anticipate?) I have to admit I personally am not bullish on gold and […]
Here’s an interesting gold story – China’s taking steps to open up its gold market. Bloomberg reports: China will let more banks import and export gold and open trading further to foreign companies as near-record prices and falling stock markets spur demand in the world’s second-largest buyer of the metal. Gold prices gained. China may […]
GoldAlert.com reports that bullish sentiment towards gold prices has hit its lowest levels in 19 months: Bullish sentiment toward the gold price continues to drop, evidenced by the current 60% Market Vane Bullish Consensus reading on gold. This is the lowest level since December 9, 2008 – a few weeks after the gold price plunged […]
Today, US stocks were not successful in issuing a counterpunch to yesterday’s bloodbath, when there were 11 stocks down for every 1 up. Stocks staged a meager rally after opening – only to swoon late and close at new lows for 2010. As you can see from the chart below, the S&P 500 peaked in […]
ZeroHedge speculates that we’ve entered a parabolic purchasing period for previous metal ETFs: We have entered into a parabolic purchasing period for not just GLD, but for all other precious metal ETFs, which struggle to keep their NAV at 1. In fact, if those who claim that ETF are among the primary sources of gold […]
Could the re-emergence of Mr. T be the mother of all sell signals for gold? Kevin Depew, Editor-in-Chief of Minyanville, explored the “Mr. T Gold Indicator” in a wonderfully written – and hysterical – article: The Mr. T Gold Indicator is a proprietary technical indicator created by Minyanville to identify and anticipate prospective exhaustion points […]
At least in the near term, investors may be wise to be a little wary of gold. Reason #71: Abu Dhabi has opened a gold bar vending machine! From Bloomberg: Abu Dhabi’s Emirates Palace hotel opened a vending machine that dispenses gold bars, making the United Arab Emirates the first country outside Germany to install […]
Recent Comments