Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Gold Bug

Like Tree5Likes
  • 4 Post By Au-Myn
  • 1 Post By MiningNut

LinkBack Thread Tools
Old 12-18-2012, 11:08 AM   #1
Mote in the Fed's eye
Au-Myn's Avatar
Join Date: Nov 2012
Location: California
Posts: 29
Liked: 22 times
What on earth’s going on in the gold market?

A good read.


What on earth’s going on in the gold market?

Logic suggests that the gold price should be riding much higher than it is at present – what is keeping it down?
Author: Lawrence Williams
Posted: Tuesday , 18 Dec 2012


The gold market has been denying all logic. Virtually everything which is happening in the global economy suggests that the price should be rising – and probably rising fast, yet it has been unable to move out of a trading range of between around $1680 - $1750 – and every time it nears the top of this range it gets knocked back again. It certainly has made some weak holders pull out of the gold market altogether, while other half believers are beginning to find the call from gold experts that they should use the dips as buying opportunities frustrating to say the least – and they may fall out of the market too.

It’s actually interesting to look at the chart of the gold price running back ten years or so:

Full story:
Attached Images
File Type: jpg gpc.jpg (36.7 KB, 2 views)
PMBug, Unobtanium, ancona and 1 others like this.

Last edited by Au-Myn; 12-18-2012 at 11:22 AM.
Au-Myn is offline   Reply With Quote
Old 12-18-2012, 12:19 PM   #2
Golden Cockroach
PMBug's Avatar
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,383
Liked: 2522 times
The Queen of England was recently parading around the Bank of England's gold vaults. A show for the cameras and most likely "MOPE" for the repatriation movements abroad.

Maybe we really are getting close the "rehypothecation day of reckoning" aka the day the paper claim Ponzi collapses.
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 01-21-2013, 03:11 AM   #3
Mote in the Fed's eye
Join Date: Jan 2013
Posts: 20
Liked: 22 times
Gold is just setting up, under consolidation and manipulation. When the day comes that the reality of the physical market is introduced to the paper market, gold is going to blow the doors off.

But not that it matters; that's just the paper price of gold catching up with reality.
rblong2us likes this.
MiningNut is offline   Reply With Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
The gold market through China' eyes Unobtanium PM Bug 2 11-29-2012 09:45 AM
Stage 3 of the gold bull market GoldSilverWorlds Gold Bug 1 10-24-2012 06:01 PM
Futures market pro advocates physical gold and silver PMBug PM Bug 1 10-15-2012 09:51 AM
Latest London Gold Market Report Renewed Investor Gold Bug 10 05-21-2012 08:34 AM
India expanding gold loan market PMBug Gold Bug 0 12-12-2011 10:31 AM

All times are GMT -5. The time now is 02:29 PM.

Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of copyright © 2011 - 2020 Measuring Up. All Rights Reserved.