Tag Archives: gold price

"What crash?" Gold is still up almost 500% since 2001. How does the S&P and Dow compare over that timeframe? Better yet, how about Apple stock? There is no other investment sector/space as they like to say these days, which can come close. So again I ask "What crash?"

In my article of April 5th, posted here, I maintained that in the next year, and particularly for the next three to six months, a liquidation phase in the current cyclical bear market in gold would likely develop,,,[causing gold to] fall sharply. [Below are the 8 reasons I mentioned back then which still remain relevant today.]

Much has been written about the collapse in the prices of precious metals over the past week. Below are introductions to 9 articles that present different points of view as to what has happened, probably is still continuing and may continue to unfold in the weeks to come.

Gold bugs: look out below! I think gold could fall to $1000 or even less as it realigns with other commodity prices. Words: 865; Charts: 4

David Mcalvany (www.mcalvany.com) covers the reasons behind the major pullback in metals on April 12, and where they may go from here, in this most enlightening and re-assuring 8:14 minute video.

People who are saying there is no reason to buy gold now, never understood the reason people were buying it in the first place. People weren’t buying gold because they were worried about a crisis in the Eurozone or weak US stocks. People were buying gold because central banks were printing too much money. It’s inflation that drives the gold train, not political uncertainty.

I view the current market weakness in gold, coupled with the pullback in trader positions, as a shorting opportunity which is strong in terms of reward vs. risk. I have come to that conclusion by questioning the assumptions that many make about it, isolating its fundamental drivers and providing a trading recommendation as to where I believe the price is headed in the future. Let me share my analyses with you. (Words: 1440; Charts: 4; Tables: 1)

Back on December 21st Toby Connor suggested that Gold probably had one more curveball to throw us before the final yearly cycle bottom which would see it set a new low at around $1630 a couple of weeks thereafter. Given the events of today Connor was right on the money, Below is a recap of that December article with rationale for his forecast. Words: 350

I recently explained my thesis for why gold's 12-year winning streak will come to an end in 2013...[and] nearly a month into 2013, the case for selling gold is gaining strength. [This article puts forth 5 compelling reasons why it is now time to sell gold.] Words: 690 ; Charts: 2

The threats of global recession, insurmountable debt, terrible government policy, central bank support, and many other very persuasive arguments present gold as a very appealing investment or safe haven but all of this is an illusion. Gold was a sensible investment in the early part of the bull market (1999-07), but has now become a false sense of security for many investors who will soon learn the hard way. Not only are the fundamentals already priced in, the technicals severely weakened, and the extremes in gold optimism easily apparent, but the bad news for gold could soon get much worse. The next weeks or few months will hopefully give us a lot more clarity. Words: 1170