It's looking grim again. Is gold the would-be saviour?
Discussion
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
Have a read of this thread and the mention of gold more than once. Interesting to see the psychology we discussed playing out in our own micro slice of life...
Have a read of this thread and the mention of gold more than once. Interesting to see the psychology we discussed playing out in our own micro slice of life...
I have to admit that that article doesn't make much sense to me. Is it saying that gold's going up down or they don't know?
I'm still in the black, but this is heart-stopping stuff!
I still think the fundamentals remain good for gold. The equities market crumbled sometime ago and now look where it is. I guess that if you don't need the money at the moment, then there's no reason to panic quite yet.
I'm still in the black, but this is heart-stopping stuff!
I still think the fundamentals remain good for gold. The equities market crumbled sometime ago and now look where it is. I guess that if you don't need the money at the moment, then there's no reason to panic quite yet.
DonkeyApple said:
If China is buying fewer goods from Germany then they will almost certainly be buying less raw material from Aus. Aus is an economy waiting to crash.
If economies look like they are failing or fail, does that appear to support the thought of a rally for gold.Like when it jumped when Cyprus happened...?
http://www.cnbc.com/id/100672709
"Warning! Stocks to Crash, Gold to Top $10,000: Albert Edwards"
"Gold prices will top $10,000 per ounce, the stock market will tank and Treasurys will yield less than 1 percent, Societe Generale's Albert Edwards forecast in a trademark bearish report on Thursday."
Anyone got a flying pig?
I don't think I have actually seen a single bank put forward a "forecast" that has actually been accurate They have zero credibility with me.
"Warning! Stocks to Crash, Gold to Top $10,000: Albert Edwards"
"Gold prices will top $10,000 per ounce, the stock market will tank and Treasurys will yield less than 1 percent, Societe Generale's Albert Edwards forecast in a trademark bearish report on Thursday."
Anyone got a flying pig?
I don't think I have actually seen a single bank put forward a "forecast" that has actually been accurate They have zero credibility with me.
"ECB cuts eurozone interest rate to new record low of 0.5%LIVE: ECB President Mario Draghi on interest rates
Eurozone unemployment at record high
Spain's economy continues to shrink
The European Central Bank (ECB) has cut its benchmark interest rate to a new record low amid ongoing worries about the eurozone's economic health."
http://www.bbc.co.uk/news/business-22369765
Can't help feel that despite the current beating that gold is taking, the "fundamentals" for gold are still positive.
Eurozone unemployment at record high
Spain's economy continues to shrink
The European Central Bank (ECB) has cut its benchmark interest rate to a new record low amid ongoing worries about the eurozone's economic health."
http://www.bbc.co.uk/news/business-22369765
Can't help feel that despite the current beating that gold is taking, the "fundamentals" for gold are still positive.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff