Posted by freddy123321 on 6th of Dec 2012 at 07:48 pm
huge indicatoer for me is that cnbc/bb hardly spoke of gold the
whole 10 +yrs rally. since the top all i hear is that gold is a
buy. might be but i doubt it.
being bearish on gold is now the contrarian indicator, CNBC's
reporting notwithstanding.
In my circle of life, which includes running a major law firm
and managing the firm's retirement plan, I know hundreds of people
from all walks of life. Only two others besides me have ever
mentioned they invest in gold or gold shares, while nearly all have
significant positions in popular stocks and mutual funds...mainly
through their retirement account.
To imply that the gold/precious metals trade is either crowded
or overbought (or has been at any time over the past decade)
because its now covered by CNBC or is too popular, is simply
absurd. Ask yourself how many individuals you know who have
piled into the gold trade over the years; probably can count them
on one hand. I'd be surprised if even one tenth of one
percent of all the retirement money in the world is invested in the
precious metals trade.
Clearly, gold, silver and the mining stocks have been weak, but
its certainly not because everyone has already piled in. I'd
say it has more to do with manipulation and the unfathomable short
position being carried by a number of the mega banks. Too
much at stake for them to allow gold to find its natural level.
BUY BUY BUY!!! OF course....IF you believe
someone's judgement who thinks tax rates at 45 percent is a
good thing and supports the current socialist in the White House...
you might be in the poor house listening to him and the rest
of the PON PON's at CNBC who trample and can care a less
about what our first amendment rights were put in place for.
I think that be a run on sentence. LOL
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gold
Technician on Fox just now says Gold range 1715 down to 1640/1650. Too many are asking how high it can go in his opinion which is bearish.
Posted by freddy123321 on 6th of Dec 2012 at 07:48 pm
huge indicatoer for me is that cnbc/bb hardly spoke of gold the whole 10 +yrs rally. since the top all i hear is that gold is a buy. might be but i doubt it.
gl
Sorry, I'm not buying the notion that...
Posted by RichieD on 6th of Dec 2012 at 11:29 pm
being bearish on gold is now the contrarian indicator, CNBC's reporting notwithstanding.
In my circle of life, which includes running a major law firm and managing the firm's retirement plan, I know hundreds of people from all walks of life. Only two others besides me have ever mentioned they invest in gold or gold shares, while nearly all have significant positions in popular stocks and mutual funds...mainly through their retirement account.
To imply that the gold/precious metals trade is either crowded or overbought (or has been at any time over the past decade) because its now covered by CNBC or is too popular, is simply absurd. Ask yourself how many individuals you know who have piled into the gold trade over the years; probably can count them on one hand. I'd be surprised if even one tenth of one percent of all the retirement money in the world is invested in the precious metals trade.
Clearly, gold, silver and the mining stocks have been weak, but its certainly not because everyone has already piled in. I'd say it has more to do with manipulation and the unfathomable short position being carried by a number of the mega banks. Too much at stake for them to allow gold to find its natural level.
Just do what Cramer says.....
Posted by zach06 on 7th of Dec 2012 at 12:33 am
BUY BUY BUY!!! OF course....IF you believe someone's judgement who thinks tax rates at 45 percent is a good thing and supports the current socialist in the White House... you might be in the poor house listening to him and the rest of the PON PON's at CNBC who trample and can care a less about what our first amendment rights were put in place for. I think that be a run on sentence. LOL