So u are saying all the "UHEAVELS" in the world as of today are ALREADY
priced into the price of gold ?
"Overbought" .... take a look at the 5 year chart of gold and see if it is "overbought" or just rallying off in a bear trend ?
I gave u umpteen examples of US Dollar actually buying MORE today than it was 2 - 4 - 6 - 10 years ago... so I am confused... is the dollar DECLINING in purchasing power or is it appreciating....
how about your income ? has it gone up ? just curious ... trying to understand
the gold price movements.... btw gas was $ 4.50 just 18 months ago, now at under $ 2 (right?)... I paid $ 15,000 in 2010 for my son's Elantra Hyundai... just
bot him a new one yesterday for $ 14,500 ... Pizza Hut "any pizza any size" was $ 10 - in 1999.... paid the SAME price last week $ 10 for ANY PIZZA ANY
SIZE.. I agree with the rent scenario... they have gone up 50% in last 10 years..
however, it took $ 2,000 per ounce to buy gold in 2008 ... today it is 1350..
too $ 42 an oz for silver ... today it is 50% off.... I see NO collapse of the US $
as a matter of fact it is appreciating vis a vis just about every thing//
give me some "inflated prices in bay area"... every where I go, every where I travel around the world US $ has been buying MORE of everything ... other currencies, food, restaurants,
airfares, cars, real estate (foreign).. and on and on... how can a currency collapse with its
purchasing power rising ??
Guys... it took 120 + USD to buy just a barrel of oil - this was last year ! TODAY it is $ 45
it took $ 1.60 to buy one GBP (British Pound) TODAY it is $ 1.29
it took $ 1.333 to buy one Euro Today it is $ 1.09
McDonald' and others still have the 99 cents value menu
Round trip AIRFARE NYC to HKG was $ 1,300 ..... now it is LESS than $ 650
Gallon of milk in 1990's was $ 2.99 today we often see milk on sale a $1.99 a gallon
99c still buys a large loaf of bread. All u can eat buffets are still averaging under $ 8.99
AND above ALL..... 10 year T-bonds are fetching almost 0 % interest......
These all point to a severe deflation in the making.... Which means Gold collapses to its
31 years low ( a la B Pound) at under $ 250 an ounce .... and miners go BK...
I see NO collapse of the dollar ANYWHERE..... can some one prove the other way ?
Oil prices were around 120 at that time... now they are at 67% OFF around mid 40's.. u see Oil price
is the MAIN contributor towards inflation and hence towards gold prices.... the impact of deflated
oil price will manifest itself soon.. and when that happens and trader sentiment changes u will see
a rapid waterfall decline in gold price. We WILL see gold under 550... sooner than the market thinks..
all is well on the projections... nothing has changed... gold will be hovering around 255
and DUST around 780 ... that is STILL the projection... this is a suckers rally in gold
(bear market rallies often are violent and unbelievable)... and a mega-suckers rally in the
miners.. GDX fair value is $ 2.50.
April 22 2013 was the last time gold (GLD) closed above its 200 dma at around $145, on June 24 2013
two months later GLD was down $ 30++ at $ 114...
July 1 2016... Friday GLD managed to close at 128+ just above its 200 dma at 126.90.
I predict we will see GLD under $100 by September 15 2016.
(For approx. GOLD price .. multiply GLD price by 10)
Wrong analysis. You cannot pick and choose "time period" .... how do you explain gold going down from $ 860 to $ 220 from 1981 - 2000 ?? I suggest you pull out a 10 years chart on
gold and see what is going on... this 2016 rally in gold is purely a bear market rally.. she is headed to 855 soon and then to 550 and eventually t0 250 by 2018....
GDX at $ 30 has gold priced in at $ 1800+ ...... we will soon see GDX detach from the metal
(if gold rally continues) on the up side.. while accelerating down if gold reverses.... once short
squeeze is done .. so will NUGT be... there is NOT ONE single FUNDAMETAL reason out
there for gold to rally.... gold and inflation and hence interest rates are correlated.... right now
we have deflationary pressure - negative interest rates and hence gold shuld be headed down..
Big Boys are liquidating their gold miners before they go BK
maybe after 10++ years... until then US Dollar is KING of currencies.. stay in CASH
US Dollars... this is why interest rates are negative... when it is forecasted that CASH
will buy MORE in future, implying deflation... interest rates go to 0 or even negative..
ALL signs are pointing to a deflationary route out of this mess... ALL ASSET classes
will collapse including gold... the "phantom" money will be sucked out....