Update: Thanks to smart comments from BronSuchecki and Tim Worstall. I forgot that gold is actually used, once in a while, to make things like jewels — which means that bars are melted down pretty frequently. If there was a significant number of salted bars out there, we’d know about it, since you’d notice when one of them got melted down. Which isn’t to say that there are no salted bars at all, but it certainly does seem to imply that there’s nowhere near 1.3 million of them.
Hey folks Newb question here, is anyone expecting a decent shake off on gold any time soon or will we just see minor pull backs and continued upwards movement upto that 5G mark. 5G, for real???? consensus on when????
with piccies....Fed’s QE policies have succeeded in boosting inflationary expectations as measured by the spread between the 10-year Treasury yield and the comparable TIPS yield. Indeed, this spread is highly correlated with both the S&P 500 stock price index and the forward P/E of the S&P 500. The spread peaked at a high so far this year of 2.64% on September 14, matching the QE2 peak on April 8, 2011. It dipped back down a bit to 2.42% yesterday.
futures television.....oh my.....
gold or stocks? video
Wednesday, October 3, 2012
As real rates hit another record low, speculative gold positions spike
That was 2.4 standard deviations above the one year average.
The daily trending up of Gold has not been negated as of yet, though is becoming quite stagnant, but confidence in the Us markets for the short term has led me to believe we will see a pullback, minor as it may be. In turn, for the short term, I don't see a 1800+ breakout.
I'd love to hear some opinions on this...
Check gold prices from the below link...
I'm not sure if a global recession will be favorable for gold, especially if (when) equities take a tumble with the start of the next leg of the (global) bear market. The DX might start to look good again so gold weakness ahead until the tipping point......