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SPDR Gold Shares Message Board

  • gftxoo222 gftxoo222 Mar 3, 2013 3:12 PM Flag

    Seeking Alpha - Why The Price Of Gold Is Falling

    Gold peaked at just over 1900 dollars an ounce about a year-and-a-half ago and has been falling ever since. As of this writing gold hasn't broken to new lows, but it may. The question is "why?" There are many reasons, but the first and foremost reason is due to an incorrect monetary assessment by most gold bugs and their followers. Over the last many years, the gold community was divided into two camps: those who believed we were going to endure an inflationary depression, and those who believed we were in for a deflationary depression. During this great debate many first-time gold investors were attracted to both arguments and entered the market.

    However, it has become clear, especially over the last couple of years, that we are not experiencing an inflationary world, or a deflationary world, and that a new great depression is not imminent. Slowly gold bulls lost patience as did their followers. They began to reduce their holdings of gold stocks, then gold itself.

    Sentiment: Strong Sell

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