Actually the opposite is probably true, according to Jim Sinclair, "what's good for gold will be good for stocks as well" There is still too much anti-gold sentiment for this to be a top. Once the top-callers capitulate, then it might be time.
No, we will hit $700 again one day.... Of course that will be the day when the government has to knock 10 zeros off our currency like they did in zimbabwe....
First-up: a reversion to the mean Secondly: sideways action Too many gold advertisements out there for this to be a "buy".
Very good point. But the question is when and from what level. Let us revisit this thread a year from now, and see how your comments stack up against those who say gold is going higher from here.
================ Good points Peil Trend Traveler[9-6-2011]; gold almost uptrended to 1929 area:. Nice uptrend; LUV airlines does fly pigs, certain limitations do apply.
Nope, big misconception. Despite some "We buy gold" stores popping up, there is very little interest or investment in gold by the little retail investors...yet. It's absolutely nothing like tech stocks or house flipping--or simply moving every 3 years and making a nice profit, like people did from the late 90s to about 2007. Not even close to a blow-off top. Don't believe the lamestream media hype about the "gold bubble." They've been saying that for the last 5 years but totally missed the tech/housing bubbles. That should tell you something.
Why not spread trade Gold versus Silver Comex Futures ? The CME is going to give you a 60 percent SPAN margin credit, and the spread will model and behave better than the flat price futures. Once you understand the dynamic behind the strategy, most scalpers find that they are much more consistent with the spreads. It's off-topic, but the LME three month forwards are ridiculously good spread vehicles for that matter. CMX METALS CX-GC - COMEX 100 GOLD FUTURES Delta 1 A All dates --- 60% CX-SI - COMEX 5000 SILVER FUTURES 1 B All dates