Posted on 03/10/2015 5:45:25 PM PDT by blam
March 2015
David Petch
This article is an update of Gold’s Obituary published back at the end of October 2014. Nothing has changed since that forecast, except the passage of time to arrive at where we are today. Analysis will cover a few currencies and different markets, which should provide a flavour of where things are heading over the next 6-8 months. As a hint, being long commodities as a whole is not recommended in the slightest.
I was going to start things off with the Canadian Dollar which should find support no sooner than 72 cents, but since it is a commodity currency, that should come as no surprise. Rather, I thought it would be more appropriate to cover the currency that stands to lose the most…the Euro. The monthly chart of the Euro is shown below...
(snip)
(Excerpt) Read more at marketoracle.co.uk ...
Gold and silver are not investments, they are disaster hedges. If fiat currencies go south as many of us believe they will, it’s worth betting that gold and silver will come to matter a great deal.
Physical metals, not stocks, ETFs or paper that says someone else is storing your metal for you.
Nice to see the price getting better.
What would my 10 dollar T-note purchased in 2003 be worth today?
Didn't someone have a bingo card that had all the typical things said on a gold thread in each box?
Right...fiat bucks are “legitimately strong”...sure thing.
So if “everyone” says gold is dead, is that kinda like “everyone” says global warming is real?
date ______?
Bar of gold for gold trebuchet, in exchange for a cord of wood.
...generally written by someone who wishes he had some gold. This train of thought is exactly what the “sour grapes” fable was referencing.
There is a silver lining (LOL) — when gold goes down, those who have none have opportunities to acquire some. Maybe some of the more astute will do so.
“Obituary” for gold? Are you kidding me?
Goldbug ping.
Russia masses troops on the Ukrainian border, the Iran deal (which is no deal) falls apart, China ISM keeps falling, US growth (which is contrived) starts to slow and Yellen pulls back further on rate hike timing, Greece contagion hits Spain and/or Italy..............these charts become worthless.
So the author disagrees with Alan Greenspan, and considering gold as a “commodity” like all others misses some history. But commodities do trend down in an economic downturn, doesn’t everybody know that?
indeed, they said the same thing about oil in 2000 and then, kaboom, 911
Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States".
Bonds do well when the economy is moving from high interest rates to low interest rates. Then your principle goes up. Look up Gary Shilling and see what he has to say about T bonds.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.