Jump to content


Photo

Gold Resumes Surge As New Qe Rumor Is Back


  • Please log in to reply
7 replies to this topic

#1 Asheron

Asheron

    HPC Veteran

  • New Members
  • PipPipPipPip
  • 1,084 posts
  • About Me:As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.

Posted 12 April 2012 - 03:44 PM

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.

Posted Image

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...w-qe-rumor-back

Edited by Asheron, 12 April 2012 - 03:51 PM.

Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/

Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.

#2 TheCountOfNowhere

TheCountOfNowhere

    I live on HPC!

  • Members
  • PipPipPipPipPipPipPip
  • 10,614 posts
  • Location:Nowhere

Posted 12 April 2012 - 04:06 PM

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.

Posted Image

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...w-qe-rumor-back


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

#3 p.p.

p.p.

    Curly Jefferson

  • Members
  • PipPipPipPipPip
  • 4,762 posts
  • Location:SMERSH

Posted 12 April 2012 - 04:55 PM

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


rainfall makes you wet
even a stopped clock gives the right time twice a day

When they come a wull staun ma groon, Staun ma groon al nae be afraid
Thoughts awe hame tak awa ma fear, Sweat an bluid hide ma veil awe tears

my blog

#4 Take Me Back To London!

Take Me Back To London!

    HPC Veteran

  • Members
  • PipPipPipPip
  • 2,055 posts

Posted 12 April 2012 - 05:21 PM

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.
Bankers may well have acted as if they’ve been sitting in the casino during the boom years. But it was a state-owned casino, with governments as the croupiers, and central bankers behind the bar giving out free booze.

John Stepek

#5 MrBlonde

MrBlonde

    HPC Poster

  • New Members
  • PipPip
  • 61 posts

Posted 12 April 2012 - 08:07 PM

Well expect the Fed to squash the rumour by saying no QE3 in the next week or so to cause a dip.

#6 MrBlonde

MrBlonde

    HPC Poster

  • New Members
  • PipPip
  • 61 posts

Posted 12 April 2012 - 08:10 PM

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.

#7 Take Me Back To London!

Take Me Back To London!

    HPC Veteran

  • Members
  • PipPipPipPip
  • 2,055 posts

Posted 12 April 2012 - 10:08 PM

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 by Take Me Back To London!, 12 April 2012 - 10:09 PM.

Bankers may well have acted as if they’ve been sitting in the casino during the boom years. But it was a state-owned casino, with governments as the croupiers, and central bankers behind the bar giving out free booze.

John Stepek

#8 Asheron

Asheron

    HPC Veteran

  • New Members
  • PipPipPipPip
  • 1,084 posts
  • About Me:As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.

Posted 13 April 2012 - 06:58 AM

My personal feeling is that QE3 is probably QE4 :) in fact they are probably printing paper 24/7
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/

Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users