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Gold...why is it down?
Posted on 2/20/13 at 8:19 am
Posted on 2/20/13 at 8:19 am
With the Fed QE running at 85B/month...why is gold going south? Seems that it should be the opposite.
6
Posted on 2/20/13 at 8:26 am to RCDfan1950
quote:
85B/month
IMO, because that money is tied up in "big banks'" balance sheets and has not reached the people that would purchase gold. As soon as that money reaches the consumer (when velocity picks up) expect gold prices to increase.
Posted on 2/20/13 at 8:35 am to RCDfan1950
Gold has a well documented history of increasing in value as investors flee the market in periods of economic decline/uncertainty. The fact that gold is now decreasing in value is probably an indication that the leading macroeconomic indicators (CPI,Inflation,Housing Starts) combined the DJI topping 14,000 has investors moving back into the equity market.
Posted on 2/20/13 at 9:02 am to RCDfan1950
Because you touch yourself at night. 
Posted on 2/20/13 at 11:03 am to RCDfan1950
I stopped asking myself that a while ago. Gold should be higher. Much higher.
I subscribed to Jim Sinclair's newsletter (other paid subscriptions being Casey Research, Stansberry Resource Report) and here's what he has to say about the recent gold smackdown.
Please do not be hoodwinked by these demonic sociopath bankster gold banks that, just like in 1979-1980 with the help of Trojan Horse gold writers, stole a huge amount of gold and gold shares from long term cash investors, leaving them without any insurance as the gold market made the highest price and covered the most dollars of appreciation over the shortest period of time.
In the 70s gold appreciated on the basis of what MIGHT happen. Gold is going to and through $3500 because of what has already happened already. Not one more problem by one more dollar is required for gold to attempt to move in price to balance the balance sheets here, there and everywhere.
My advice is to hold all gold positions and wait patiently for the correction to end. Just before the huge 1979-80 surge, we saw a big ‘clean out’ correction in gold. I believe history is about repeat. — Richard Russell
You have heard it from Richard Russell and myself. You can be active in the gold and gold investment market by simply doing nothing. The new evil demonic gold bank destroyers of good efforts are working hard to create a waterfall in gold and gold shares that can only happen if you are foolish enough to shift your decision making to your emotions. If you want to fight back, do not under any circumstances panic now. If you do not panic they will be beaten as this is the last significant reaction before gold roars higher. If you want to be in the fight and not simply a spectator, you simply have to do nothing whatsoever.
Richard Russell and I are not newcomers to the gold market. Neither Richard nor I have experienced embarrassment as leaders, directing our friends into a trap of price or time. We will not fail now. Our legacy will be extremely clean.
Gold is heading toward the system and not away from it. Gold is the necklace many currencies will be wearing from 2015 forward. The percentage of gold being held as reserves seems to have a 15% target on it. That should give you an easy way to compute what these central banks are thinking in regard to the ultimate value of gold in the free gold cash market.
Gold is the only tool available to balance the balance sheets of the worst monetary deficit, debt, sinners. Gold will balance the balance sheet of the transgressors. The transgressing central banks have to balance their balance sheets as the world cannot continue forever on this QE sponsored illusion of solvency.
Jim
I subscribed to Jim Sinclair's newsletter (other paid subscriptions being Casey Research, Stansberry Resource Report) and here's what he has to say about the recent gold smackdown.
Please do not be hoodwinked by these demonic sociopath bankster gold banks that, just like in 1979-1980 with the help of Trojan Horse gold writers, stole a huge amount of gold and gold shares from long term cash investors, leaving them without any insurance as the gold market made the highest price and covered the most dollars of appreciation over the shortest period of time.
In the 70s gold appreciated on the basis of what MIGHT happen. Gold is going to and through $3500 because of what has already happened already. Not one more problem by one more dollar is required for gold to attempt to move in price to balance the balance sheets here, there and everywhere.
My advice is to hold all gold positions and wait patiently for the correction to end. Just before the huge 1979-80 surge, we saw a big ‘clean out’ correction in gold. I believe history is about repeat. — Richard Russell
You have heard it from Richard Russell and myself. You can be active in the gold and gold investment market by simply doing nothing. The new evil demonic gold bank destroyers of good efforts are working hard to create a waterfall in gold and gold shares that can only happen if you are foolish enough to shift your decision making to your emotions. If you want to fight back, do not under any circumstances panic now. If you do not panic they will be beaten as this is the last significant reaction before gold roars higher. If you want to be in the fight and not simply a spectator, you simply have to do nothing whatsoever.
Richard Russell and I are not newcomers to the gold market. Neither Richard nor I have experienced embarrassment as leaders, directing our friends into a trap of price or time. We will not fail now. Our legacy will be extremely clean.
Gold is heading toward the system and not away from it. Gold is the necklace many currencies will be wearing from 2015 forward. The percentage of gold being held as reserves seems to have a 15% target on it. That should give you an easy way to compute what these central banks are thinking in regard to the ultimate value of gold in the free gold cash market.
Gold is the only tool available to balance the balance sheets of the worst monetary deficit, debt, sinners. Gold will balance the balance sheet of the transgressors. The transgressing central banks have to balance their balance sheets as the world cannot continue forever on this QE sponsored illusion of solvency.
Jim
Posted on 2/20/13 at 4:11 pm to RCDfan1950
Why does gold do anything? Nobody knows.
But in terms of historical fundamentals compared to consumer purchasing power, gold is still too high. It has remained as high as it has for as long as it has because we are not in a normal financial environment.
When interest rates finally start going up, gold is going to sink like the rock it is, but rate hikes might be 5+ years away, so gold will still just do weird stuff for no reason.
At least that's my take on it.
But in terms of historical fundamentals compared to consumer purchasing power, gold is still too high. It has remained as high as it has for as long as it has because we are not in a normal financial environment.
When interest rates finally start going up, gold is going to sink like the rock it is, but rate hikes might be 5+ years away, so gold will still just do weird stuff for no reason.
At least that's my take on it.
Posted on 2/20/13 at 5:41 pm to RCDfan1950
I know some people might have some nice long answers but I got a short one: The Dollar.
Go look at the charts for the dollar vs gold and you'll notice the trend this month.
Go look at the charts for the dollar vs gold and you'll notice the trend this month.
This post was edited on 2/20/13 at 5:42 pm
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