The Masked Tulip Posted March 9, 2008 Share Posted March 9, 2008 (edited) One sure way to lose money as an investor is to buy something strictly because it keeps going up.Technology stocks proved it in 2000. Housing proved it in the years that followed. Now, analysts are warning investors not to become carried away with commodities. Although gold, oil, metals and agricultural commodities have been breaking records and enriching investors while stocks been losing, many analysts are growing skeptical. "The price trend in wheat, oil and gold appears to be similar to the ones seen in the late 1990s for the Nasdaq, and in the mid-2000s for home builders," Citigroup strategist Tobias Levkovich said last week. Full article here: http://www.chicagotribune.com/business/you...0,432614.column Edited March 9, 2008 by The Masked Tulip Quote Link to comment Share on other sites More sharing options...
Errol Posted March 9, 2008 Share Posted March 9, 2008 A nice correction in Gold, say back to $700-800 would do me fine. Silver back to $14-15. Quote Link to comment Share on other sites More sharing options...
Hard-up Posted March 9, 2008 Share Posted March 9, 2008 A nice correction in Gold, say back to $700-800 would do me fine. Silver back to $14-15. As we so often point out here, bubble markets often crash rather than just correcting Quote Link to comment Share on other sites More sharing options...
Minos Posted March 9, 2008 Share Posted March 9, 2008 Full article here:http://www.chicagotribune.com/business/you...0,432614.column Are you standing in for RB while he takes his well earned break ? Quote Link to comment Share on other sites More sharing options...
Errol Posted March 9, 2008 Share Posted March 9, 2008 As we so often point out here, bubble markets often crash rather than just correcting Gold is not in a bubble market. Quote Link to comment Share on other sites More sharing options...
Hard-up Posted March 9, 2008 Share Posted March 9, 2008 (edited) Gold is not in a bubble market. Sure it isn't All those folks jumping out of stocks and into commodities are in it for the long run. Edited March 9, 2008 by lethal Quote Link to comment Share on other sites More sharing options...
Errol Posted March 9, 2008 Share Posted March 9, 2008 (edited) Sure it isn't All those folks jumping out of stocks and into commodities are in it for the long run. Gold is not a commodity. It is a currency. Its price does not go up or down. The number of dollars/pounds/etc etc required to buy it merely goes up and down. Edited March 9, 2008 by Errol Quote Link to comment Share on other sites More sharing options...
Hard-up Posted March 9, 2008 Share Posted March 9, 2008 It is a currency. Its price does not go up or down. The number of dollars/pounds/etc etc required to buy it merely goes up and down. Uhuh. People would say the same of silver but the ratio is divergent with gold. Quote Link to comment Share on other sites More sharing options...
bob monkhouse Posted March 9, 2008 Share Posted March 9, 2008 We're a couple of rungs up that wall of worry Quote Link to comment Share on other sites More sharing options...
Saberu Posted March 9, 2008 Share Posted March 9, 2008 That article can be summed up in one word, disinformation. Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted March 9, 2008 Share Posted March 9, 2008 That article can be summed up in one word, disinformation. Agreed. Quote Link to comment Share on other sites More sharing options...
domo Posted March 9, 2008 Share Posted March 9, 2008 I've noticed in several markets (such as UK housing in early 07) that a bit of "worry" occurs at the top of a bubble, its like a point of recognition. Apparently it happened at the Nasdaq top. There was also worry before the credit crunch over the liquidity bubble. This isn't pervasive enough to be called bearish because traders are overwhelmingly long commodities. Its the right position for commodities to drop off the credit bubble rollercoaster, (US) housing topped in 05, stocks 07, commodities were the least reliant on the deluge of credit so this year would be a good year for a commodity top. Quote Link to comment Share on other sites More sharing options...
jimmy_joe Posted March 9, 2008 Share Posted March 9, 2008 Uhuh.People would say the same of silver but the ratio is divergent with gold. Silver is both currency and commodity. Quote Link to comment Share on other sites More sharing options...
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