Back to my original discussion, there are also the deflationists like Shedlock out there that say that gold will thrive in a deflationary environment. I dont know if I buy that.
I still believe that energy is a huge issue...and therefore still believe in gold...
It seems there is a goldbug named Michael Phelps who is currently hoarding all available gold in China. There's concern that demand will fall sharply after the olympics and that the American market will be flooded with an excesive amount of gold when Phelps and his colleages return.
there just seems to be a definite rebound around the corner. Oil is almost 110, other currencies have finally dropped, gold is insanely cheap at the moment, etc etc. IMO, everything is due for a "correction" right now. it has all become just a little too extreme. there's plenty of profit-taking available and cheap buys to be had. those things are always taken advantage of in time.
As far as I know, a big 'theory' that has popped up several times recently is that hedge funds are being forced to liquidate profitable components (of which gold/ commodities are the tops).
8 comments:
smart ass!! :)
Back to my original discussion, there are also the deflationists like Shedlock out there that say that gold will thrive in a deflationary environment. I dont know if I buy that.
I still believe that energy is a huge issue...and therefore still believe in gold...
??????? Smart ass???
Anyways, you gotta check it out, Ivanovich is burying AX. I love it.
You know I was joking...I just love the battle between you and Ax.
I found out why gold is falling so much :)
It seems there is a goldbug named Michael Phelps who is currently hoarding all available gold in China.
There's concern that demand will fall sharply after the olympics and that the American market will be flooded with an excesive amount of gold when Phelps and his colleages return.
I know John!!
LMAO that was hilarious Fish!!!
Hehehe. Awesome Fish!
Go Phelps!
there just seems to be a definite rebound around the corner. Oil is almost 110, other currencies have finally dropped, gold is insanely cheap at the moment, etc etc. IMO, everything is due for a "correction" right now. it has all become just a little too extreme. there's plenty of profit-taking available and cheap buys to be had. those things are always taken advantage of in time.
As far as I know, a big 'theory' that has popped up several times recently is that hedge funds are being forced to liquidate profitable components (of which gold/ commodities are the tops).
Just a theory though...
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