Despite all the news, all the predictions, all the bailouts, the injection of money, the "end of the world" talk or the market crashes, gold is still unable to sustain a rally. It is still far from $900/oz, which seems to be a major hurdle.
I know, I know, it's still doing much better than everything else, but it's not doing that great yet. There are still lots of sellers out there. More sellers than buyers today.
And yes, there may be a shortage of gold coins, but I hear gold bars are plenty and available. The problem is they are expensive and not that many people want to buy them.
Suck an ice-cream cone and regain your sense , most people dont know the significance of gold, some dont even know how to buy the gold. PEOPLE ALL AROUND THE WORLD MUST BE BETTER EDUCATED ABOUT THE GOLD AND OTHER METALS.
arn, so far gold is in a seasonal low:
Nothing out of the ordinary, the stimulus has been announced but the money hasn't been put into the system yet but will soon. All other bailouts BEFORE this one DIDN'T inflate the money supply......this one does...it takes one to several quarters for the affect to be felt. This is highly dependent on how QUICKLY the Treasury puts money into the system. We now not only have the FED doing this but ECB is going to do this.
So your insistent daily watch is too early.
psa, get outtoheeeje:)
we want a fu cking rally now! Market is supposed to move months in advance of the fundamental shifts.
Arno makes very good points, the market is behaving contrary to what we all here know "should" happen. so, who is wrong, us or the market?
Even if the fundamentals where not in place, which they are better than ever, this time of year yield good rallies in gold and so far it has not. What gives?
arno, what are we missing? If you knew the reason for this, what would it be?
There is demand because people still have access to credit. Wait until those credit cards are maxed out or cut off. They won't be buying much gas and specially not gold/silver. Take some profits people. Now is such a great time....