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- Tiger21 replied Nov 15, 2009
A long time gold bull, Eric Sprott says that gold is picking up momentum and analysts are saying that it's not too late to get in even though gold hit a new high last week and is up 26% year to date.
- Tiger21 replied Nov 11, 2009
A close higher today would be the longest rally Jan 4, 2006 as gold was up yesterday for the 8th straight day. An all-time high of 1,118.60 was reached intra-day.
- Tiger21 replied Nov 10, 2009
Gold continues to be a mirror of the dollar. Dollar up today. Gold down. Yesterday, reaching 1,111.70 it reached above the 70 level on the 14-day relative strength index. Expect some consolidation from this point, but still bullish long term.
- Tiger21 replied Nov 8, 2009
India's purchase of 200 tonnes of gold last week led a huge push upwards for the price of gold. With the price at 1095, it looks like it's march to 1200 will be sooner rather than later.
- Tiger21 replied Oct 30, 2009
Gold continues its orderly descent in price, but there are so many dollars, pounds and euros being printed that real assets will go up in value. Anyways, there is a seasonal low in this part of the year and with gold appreciating for a second ...
- Tiger21 replied Oct 29, 2009
Paul Tudor Jones, managing $11.6 billion, is suddenly bullish on gold as he is concerned with inflation and increased purchases by ETF funds. Gold is just about flat today.
- Tiger21 replied Oct 28, 2009
Seeing strong correlation between the dollar and gold right now as the dollar continues to rally for the fifth straight day and gold continues to decline. At this point it appears that buyers expect more selling and are waiting on the sidelines ...
- Tiger21 replied Oct 27, 2009
There’s anxiety that gold can maintain a price above the $1,000 level and the number of buyers out there right now is diminished according to metals traders. I think investors are worried about a rally in the dollar, especially after the strength ...
- Tiger21 replied Oct 23, 2009
Good article: Gold at $2,000 Becomes Inflation-Adjusted Bullseye for ‘80 High Oct. 19 (Bloomberg) -- Gold’s rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak. While gold rose 19 percent this year to $1,072 an ...
- Tiger21 replied Oct 23, 2009
News reports show that pension funds will begin to purchase gold as financial insurance, which will lead to further price increases. Already the Teacher Retirement System of Texas has announced that they will be purchasers.
- Tiger21 replied Oct 14, 2009
Gold hit a record high of $1,068.40 an ounce in early trading, settling at $1,064.20, up $7.50. Hedge against inflation, hedge against volatility, hedge against weak dollar, momentum trading, best store of value, ETF fund accumulation – whatever the ...
- Tiger21 replied Oct 12, 2009
Dollar strength and the recent rally in gold may be causing some investors to sell gold, but with the ease at which it is going through these psychological round barriers, I’m still buying on every dip. Hedge funds increased their net long positions ...
- Tiger21 replied Oct 8, 2009
Jim Rodgers says gold may go to $2,000 an ounce in the next decade. Assuming it will take 10 year for this to happen and using $1,000 as the current base price – that would generate a compound return of about 7% annually. Bill Gross is estimating ...
- Tiger21 replied Oct 7, 2009
Gold continues to rally, hitting a spot record high of $1,043.80, probably less as a hedge against inflation and more as a store of a wealth and protection from the weakening dollar. Gold probably will have trouble breaking $1,050, but once it does, ...
- Tiger21 replied Oct 5, 2009
Was reading that Deutsche Bank's Macro Strategy Group recommended emerging-market assets, high-yield bonds and gold as likely to benefit from a "global sweet spot" of economic recovery and central-bank liquidity, which it called "the perfect mix for ...
- Tiger21 replied Oct 4, 2009
Friday’s weekly CFTC update: Speculative long positions outnumbered short positions by 231,386 contracts, down 5,363. Miners, producers, jewelers and other commercial users were net short 275,234, down 12,376 contracts. No huge change, so I ...
- Tiger21 replied Sep 30, 2009
The soft dollar will continue to support gold prices and will be the driving force for further increases in gold. In the event there is an improving economy, then inflation concerns should drive investors into gold. In the event the economy takes a ...
- Tiger21 replied Sep 30, 2009
Point of concern for gold from a demand point of view: Indian imports, the world’s biggest buyer, probably fell for the fifth month in a row during September as the price of gold is keeping jewelers from buying. India has imported less since April ...
- Tiger21 replied Sep 29, 2009
The strengthening dollar is cutting into demand for gold as the dollar reached a two week high against the euro. The correlation between gold and dollars has been very high as of late and will probably continue to follow the movements in the ...
- Tiger21 replied Sep 24, 2009
I tend to agree with this analyst quote, “The dollar and risk sentiment will continue to lead gold in the coming sessions well placed to set fresh highs.” Another analyst said, “Gold remains well supported. The support is even more noteworthy given ...