Asheron

Gold Resumes Surge As New Qe Rumor Is Back

8 posts in this topic

We guessed it wouldn't be too long before the next rumor was dropped and Gold is surging - now over $1670 - on this latest chatter... Don't tell Gartman, but gold is now of 5% higher in math terms from the minute the "world renowned" gold swing trader sold everything 7 days ago.

[img]http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/04/20120412_Gold_0.png[/img]

Chart: Bloomberg

Incidentally, for all those lamenting the alleged endless manipulation by this bank or that, here is the math: one could have bought much more gold at the manipulated lower price of $1610 from a week ago, than today. Always pays, literally, to keep things in perspective.

http://www.zerohedge.com/news/gold-resumes-surge-new-qe-rumor-back Edited by Asheron

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[quote name='Asheron' timestamp='1334245445' post='909012348']
We guessed it wouldn't be too long before the next rumor was dropped and Gold is surging - now over $1670 - on this latest chatter... Don't tell Gartman, but gold is now of 5% higher in math terms from the minute the "world renowned" gold swing trader sold everything 7 days ago.

[img]http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/04/20120412_Gold_0.png[/img]

Chart: Bloomberg

Incidentally, for all those lamenting the alleged endless manipulation by this bank or that, here is the math: one could have bought much more gold at the manipulated lower price of $1610 from a week ago, than today. Always pays, literally, to keep things in perspective.

http://www.zerohedge.com/news/gold-resumes-surge-new-qe-rumor-back
[/quote]

Gold seemed like a much better investment when it was $600.

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[quote name='TheCountOfNowhere' timestamp='1334246807' post='909012369']
Gold seemed like a much better investment when it was $600.
[/quote]

rainfall makes you wet

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[quote name='TheCountOfNowhere' timestamp='1334246807' post='909012369']
Gold seemed like a much better investment when it was $600.
[/quote]

It was good to buy when gold was at $600, but that was before the subprime meltdown, banking bankruptcies, TARP, QE and sovereign debt defaults. If anything, gold is even more undervalued today than it was in 2006 with all this going on.

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I should add.......I meant the Fed will play it down.

I fully expect a QE3 to start in november though. I believe QE1 and QE2 both started in november 2 and 4 years ago. If im wrong you can correct me but a QE3 in November 2012 is also around the USA election time too. So interesting times ahead.

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[quote name='MrBlonde' timestamp='1334261421' post='909012561']
I should add.......I meant the Fed will play it down.

I fully expect a QE3 to start in november though. I believe QE1 and QE2 both started in november 2 and 4 years ago. If im wrong you can correct me but a QE3 in November 2012 is also around the USA election time too. So interesting times ahead.
[/quote]

+1

My personal feeling on QE3 has been it will not happen until after the election. $2,000 gold for Christmas? Edited by Take Me Back To London!

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My personal feeling is that QE3 is probably QE4 :) in fact they are probably printing paper 24/7

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