Asheron Posted April 12, 2012 Share Posted April 12, 2012 (edited) 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. 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 April 12, 2012 by Asheron Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 12, 2012 Share Posted April 12, 2012 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. 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 Gold seemed like a much better investment when it was $600. Quote Link to comment Share on other sites More sharing options...
azogar Posted April 12, 2012 Share Posted April 12, 2012 Gold seemed like a much better investment when it was $600. rainfall makes you wet Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted April 12, 2012 Share Posted April 12, 2012 Gold seemed like a much better investment when it was $600. 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. Quote Link to comment Share on other sites More sharing options...
MrBlonde Posted April 12, 2012 Share Posted April 12, 2012 Well expect the Fed to squash the rumour by saying no QE3 in the next week or so to cause a dip. Quote Link to comment Share on other sites More sharing options...
MrBlonde Posted April 12, 2012 Share Posted April 12, 2012 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 Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted April 12, 2012 Share Posted April 12, 2012 (edited) 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. +1 My personal feeling on QE3 has been it will not happen until after the election. $2,000 gold for Christmas? Edited April 12, 2012 by Take Me Back To London! Quote Link to comment Share on other sites More sharing options...
Asheron Posted April 13, 2012 Author Share Posted April 13, 2012 My personal feeling is that QE3 is probably QE4 in fact they are probably printing paper 24/7 Quote Link to comment Share on other sites More sharing options...
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