[Asheron]

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...w-qe-rumor-back

This post has been edited by Asheron: 12 April 2012 - 03:51 PM

[TheCountOfNowhere]

Asheron, on 12 April 2012 - 03:44 PM, said:

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...w-qe-rumor-back

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

[p.p.]

TheCountOfNowhere, on 12 April 2012 - 04:06 PM, said:

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

rainfall makes you wet

[Take Me Back To London!]

TheCountOfNowhere, on 12 April 2012 - 04:06 PM, said:

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.

[MrBlonde]

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

[MrBlonde]

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.

[Take Me Back To London!]

MrBlonde, on 12 April 2012 - 08:10 PM, said:

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?

This post has been edited by Take Me Back To London!: 12 April 2012 - 10:09 PM

[Asheron]

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