Sorry Strat I do, please edify me.
Gold is going to the moon and probably back.
If history repeats, we are in for the next great depression, gold was King.:confused:
Printable View
King and if u do not understand this simple analogy. U r like Skol, Doomed.
Thats why I topped up my insurance today and bought more gold stocks.
You mean you bought gold stocks as gold is going vertically upwards, readying for the plunge vertically downwards? Hahaha, this is gonna be good to watch.
The goldbugs say a crash just won't happen, the kind of psyche you would expect in a mania.
Here's an interesting point of view.
http://www.cnbc.com/id/44204552?_sou...t%7C&par=yahoo
Here's an interesting story - especially for Skol! Telecom holders may not be as appreciative, though.
http://www.theaustralian.com.au/busi...-1226118429451
Yeah, I was just looking at that with the chart going vertical. Let's see what happens if her fortunes suddenly reverse. It's kinda strange gloating about that in a national newspaper.
Read that article about Ms Gattung, thanks Macduffy: the result of an opinion formed while working as CEO at Telecom has been profitable for her. That opinion must have been - that most businesses were on a long-term downtrend.Quote:
Any time in the current environment you just need a little positive news (for the gold) market to retrace quite a bit, before stabilizing and resuming its uptrend," said Credit Suisse analyst Tobias Merath. "There is clearly a stable uptrend over many, many months."
"At the moment the market is just looking for relative safe havens," said Mitsui Precious Metals analyst David Jollie. "You can see that in the sell-offs across equity markets overnight. The strength of gold is the other side of the coin from that."
The US dollar index slipped 0.6 per cent to 73.835. The euro was up 0.6 per cent at $1.4410.
- Reuters
Funnily enough, we had a super fund with Tower in the years before Gattung as leader, when Telecom was rocketing up in the sharemarket. During that time, Tower was reporting some negative returns and still charging the 7% fee (of course). I wrote a letter telling them to just buy Telecom, it all looked so easy. I learnt later, that a high return from Tower to its contributors wasn't the end game at all, it was the fees and the roping in of the capital. An early lesson about the finance sector.
Yes, certainly a bit odd.
Much as I think there's room for a bit of gold/gold equities in a portfolio, I find it hard to believe that TG would punt the bulk of her fortune in that way. I suspect there's a bit squirrelled away in a few other investments but that might detract from the story!
With gold now trading well above trend, it will be interesting to see where the gold price heads over the next week or two.
Wouldn't be surprised to see a sharpish pullback sometime very soon...maybe down to around $1,500.
Huang, that would probably be a healthy retracement at this stage. But it may be offset by the start of the Indian wedding and gold buying season.
yes you would think a pullback to at least the 1600oz was going happen,, but now looks likes it could well breach 2,000oz this year..
Great buying in good Gold shares IMHO read a old article from "Aus Resources Mag" was when gold was round $450-$500oz on how the future of majors growing was on the back of jnr goldies resources takeovers etc ,thing was from a list they provided on the recent takeovers at the time an what they had paid per oz to
increase their reserves was on average round $350per oz from the 15+ takeovers ,at present you have compaines like PXG with a Gold resource round 1.385moz the entire company has a value of only $15 per oz( or $30-40 per oz for likley reserves) so you couldn't say with gold at 1850oz that it in any way the likes of the PXG of the market are expensive ....