What happened to the "Gold and the Dollar" thread?
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Irvinecommuter
New member
Gold back down below the $1,300 mark ($1,298 as I type). Off about 30% since the 52-week high of $1,810 and back to 2010 levels.
morekaos
Well-known member
This is not shaping up as another winning year for the precious metals
http://www.cnbc.com/id/101235384
Gold suffers worst November since 1978
The spot gold price took its worst monthly tumble in November for 35 years, continuing the precious metal's steady decline in 2013.
As of Friday afternoon GMT, spot gold showed a decrease of around 5.5 percent for November. A price fall of such magnitude hasn't been seen in November since 1978, according to data from the World Gold Council, when prices plunged 20 percent.
"Gold's topsy-turvy year rolls on," Adrian Ash, head of research at BullionVault, said in a research note on Friday. "Thanks to the surging stock market, now at 6-year highs worldwide, there have been worse years for gold prices. But not many. By our maths, in fact, only two."
http://www.cnbc.com/id/101235384
Gold suffers worst November since 1978
The spot gold price took its worst monthly tumble in November for 35 years, continuing the precious metal's steady decline in 2013.
As of Friday afternoon GMT, spot gold showed a decrease of around 5.5 percent for November. A price fall of such magnitude hasn't been seen in November since 1978, according to data from the World Gold Council, when prices plunged 20 percent.
"Gold's topsy-turvy year rolls on," Adrian Ash, head of research at BullionVault, said in a research note on Friday. "Thanks to the surging stock market, now at 6-year highs worldwide, there have been worse years for gold prices. But not many. By our maths, in fact, only two."
morekaos
Well-known member
Technical and fundamental reasons to sell....
http://finance.yahoo.com/blogs/breakout/short-gold-til-hits-1-000-trader-says-132113060.html
Short Gold Until It Hits $1,000 Trader Says
In a year where stocks have soared and bonds have gone no where, the 30% year to date slump in gold (GLD) is that much more noticeable. Not only is it conspicuous, but it's also tempting many investors who feel that the metal's retreat is overdone
http://finance.yahoo.com/blogs/talking-numbers/commodities-death-cross-yamada-110425929.html
Commodities are in a ?death cross?: Yamada
It's not just gold and silver down this year. Commodities across the board have been taking a hit in 2013. Wheat, gasoline, and both coffee and sugar are all down this year. Louise Yamada, Managing Director of Louise Yamada Technical Research Advisors, says it will only get tougher for commodities.
http://finance.yahoo.com/blogs/breakout/short-gold-til-hits-1-000-trader-says-132113060.html
Short Gold Until It Hits $1,000 Trader Says
In a year where stocks have soared and bonds have gone no where, the 30% year to date slump in gold (GLD) is that much more noticeable. Not only is it conspicuous, but it's also tempting many investors who feel that the metal's retreat is overdone
http://finance.yahoo.com/blogs/talking-numbers/commodities-death-cross-yamada-110425929.html
Commodities are in a ?death cross?: Yamada
It's not just gold and silver down this year. Commodities across the board have been taking a hit in 2013. Wheat, gasoline, and both coffee and sugar are all down this year. Louise Yamada, Managing Director of Louise Yamada Technical Research Advisors, says it will only get tougher for commodities.
panda
Well-known member
Morekaos.
It seems to be the 30 year commodity cycle ended in 2011. I know that most gold bugs will disagree. The dollar is now firming at 80.43 very very strong support at 80 and I believe gold and silver will make new lows in the second year. 10 year is down to 2.47 and it feels deflationary to me.
The next 20 year bull market stock market seems ripe to start around 5 years from now. It is a good time to keep your powder dry to get in on some amazing entry points in the future.
It seems to be the 30 year commodity cycle ended in 2011. I know that most gold bugs will disagree. The dollar is now firming at 80.43 very very strong support at 80 and I believe gold and silver will make new lows in the second year. 10 year is down to 2.47 and it feels deflationary to me.
The next 20 year bull market stock market seems ripe to start around 5 years from now. It is a good time to keep your powder dry to get in on some amazing entry points in the future.