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IMHO gold is the ultimate flight to quality away from chaos. As long as
the major economies in the West don't lose control of their currencies,
gold won't be very interesting. That is not a given of course.
Regards
DanG
Stig O wrote:
>
> Don,
>
> I don't mean to say that Yardini is right or wrong, I just used him as an example (since I just read the link myself) to show that the big guys ARE interested in the price of Gold and that it is not dead in anyway.
> Sleeping perhaps.
> Can gold go up in a deflationary enviroment?
> I don't know.
> Opinions anyone?
> Òr should I say has anybody noticed a pattern?
>
> stig
> ----- Original Message -----
> From: Don Ewers <dbewers@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: 14. marts 2001 18:18
> Subject: Re: [RT] Is the end near - Not for GOLD
>
> > No I missed the links (up late doing Sub-S taxes due March 15th), and you
> > are correct gold stocks are a better choice if so inclined.
> >
> > Also the parallel to the NASDAQ is humm kind of ok but not the same in many
> > ways. Many of us saw the flaw there and have been and continue to be in
> > cash. My bond partner has been warning me about deflation for some time and
> > has won me over, so I am just not a gold fan in this environment. But if it
> > goes up and you and others do well its OK with me.
> >
> > As far as Yardini is concerned, I may be wrong but he came out on Friday
> > (CNBC) and said he is now worried about deflation vs. inflation his previous
> > fear so . . . I don't know. Can gold go up in a deflationary environment? I
> > guess so if there is a financial panic at the same time?
> >
> > Attached are the AGET charts, daily is bullish, weekly no clear picture.
> > Good luck on your trade.
> > don ewers
> >
> > ----- Original Message -----
> > From: "Stig O" <olausson@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, March 14, 2001 7:12 AM
> > Subject: Re: [RT] Is the end near - Not for GOLD
> >
> >
> > > Hi Don,
> > >
> > > Just a few comments,
> > >
> > > > Stig O.
> > > > My immediate thought is "gold does not matter any more" ... right or
> > wrong?
> > >
> > > Your opinion is as good as mine, but did you check out the links?
> > > Did you see the comment by Yardeni?
> > > My point is: Gold DOES matter.
> > > ALL the big guys follow the price of gold. If it did NOT matter, they
> > wouldn't follow it.
> > > Gold is widely followed. What they mean when they say "gold doesn't matter
> > anymore" is that they don't believe price is going up.
> > > And they state a reason/opinion (which may be as good/bad as yours/mine)
> > > So it's just a matter of if it's going up or down like it's been doing for
> > thousands of years? Nothing has changed.
> > > Remember what they said about Nasdaq stocks: "This time it's different".
> > > Price is not going to go down they said then.
> > > Now we know it did (62% fib at a 1 year aniversary! A break of that
> > important level will be a bloodbath)
> > > Same thing with Gold. It will go up when it's time. And in my opinion the
> > time is now.
> > >
> > > > People still seem to like equities not hard assets?
> > > You don't have to buy Gold.
> > > The key would be to buy Goldstocks (the right ones), which gain more than
> > Gold in bullmarkets. Check the list in the link to Harry Schultz.
> > > http://www.gold-eagle.com/gold_digest_01/schultz031401.html
> > >
> > > >Also someone pointed out recently a big change in the make-up in the XAU
> > that should not be ignored (?)
> > > Yes they added Phelps Dodge and it's still a mystery why, even to the
> > company.
> > > Even if they changed it I suggest to STUDY the SPECIFIC stocks and let
> > THEM do the talking.
> > > We are doing technical analysis, right?
> > > What I am suggesting, is that the POTENTIAL is greater in gold stocks than
> > Dow etc. The RISK is not less.
> > >
> > > > I still potentially believe the concern should be massive DEFLATION
> > (loss of
> > > > personal "paper wealth") not raging inflation going forward and
> > therefore
> > > > gold will not perform as the charts may indicate, barring a complete
> > > > collapse of the system.
> > >
> > > Well, we have make up our minds if we are believing our eyes (charts) or
> > beliefs/opinions.
> > > Remember the Experts were talking about the Stockmarket Crash every year
> > in October since 1987.
> > > Now we are hearing the same arguments against gold.
> > > Loss of "paper wealth" ? Wouldn't goldcoins proctect us from that?
> > >
> > > Besides, why do people believe charts in relation to Nasdaq/S&P/Dow Jones
> > stocks, but not in relation to Gold and Gold stocks?
> > > Bu I must admitt, I don't like chage either. Shift from one group to
> > another.
> > > And how do we know we are heading for Deflation. I just read an article in
> > the Economist where the author asked the question why Japan didn't start
> > printing money soon to take the country out of their economic misery. To me
> > that reads inflation. The governents always have the choice between
> > deflation and inflation at critical points. don't they? And how do we know
> > where we are heading unless we read the charts right.
> > >
> > > > and therefore gold will not perform as the charts may indicate, barring
> > a complete collapse of the system.
> > >
> > > But that's the idea with charts! To find out what's happening. And take
> > measures to protect us from disaster. The CHARTS don't lie.
> > > WE do.
> > > Or we interprete them incorrectly.
> > > (Just checkf my past posts... <g>)
> > >
> > > my5c
> > >
> > > Stig
> > >
> > >
> > >
> > > > ----- Original Message -----
> > > > From: "Stig O" <olausson@xxxxxxxxxx>
> > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > Sent: Wednesday, March 14, 2001 3:34 AM
> > > > Subject: [RT] Is the end near - Not for GOLD
> > > >
> > > >
> > > > > I just don't get it.
> > > > > What everybody is talking about, is wether they can pick the latest
> > bear
> > > > market rally, or if the bottom is in, when the real action is going to
> > be
> > > > in GOLD!
> > > > > Speculating (going long) in Bearmarket Rallies is the most dangerous
> > thing
> > > > you can do (even if you think you know what you are doing).
> > > > > And Nasdaq!!!
> > > > >
> > > > > Gold has broken the neckline of an inverted H&S pattern.
> > > > > So has XAU (and it lead the action as it should)
> > > > > http://stockcharts.com/def/servlet/SC.web?c=$xau
> > > > >
> > > > > Traditionally, goldstocks has risen when common stocks are in a
> > Bearmarket
> > > > and we ARE in a Bearmarket - right?
> > > > >
> > > > > Commmercials have been accumulating Gold and Silver since the
> > beginning of
> > > > 2000
> > > > > http://www.yardeni.com/megatrades.asp
> > > > > (look at the charts)
> > > > >
> > > > > Short term Lease rates in gold has touched a 2 year high
> > > > > http://www.kitco.com/lease.chart.html
> > > > >
> > > > > We have the biggest shortsqueeze in history comming up.
> > > > > http://www.gold-eagle.com/gold_digest_01/joubert031201.html
> > > > >
> > > > > Bank of England is having their last auction today (when price has
> > fallen
> > > > back to the neckline in the XAU)
> > > > > In the past, when price has fallen the days in front of the auction,
> > the
> > > > reaction afterwards has been bullish and v.v
> > > > >
> > > > > The evidence is all over the place.
> > > > > http://www.gold-eagle.com/gold_digest_01/schultz031401.html
> > > > >
> > > > > I Mean, there are tons of bullish indcators for gold/silver and people
> > are
> > > > still Bearish!!!
> > > > >
> > > > > While the Dow just penetrated the supportline DOWNSIDE of a 4 month
> > > > trading range which has been tested four times.
> > > > > And we just broke out DOWNSIDE from a BULLISH falling Wedge (which
> > usually
> > > > generates powerful moves int the direction of the break) and people are
> > > > BULLISH!!!????
> > > > >
> > > > > I just don't get it.
> > > > >
> > > > > Stig
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
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> > > > >
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> > > >
> > > >
> > >
> > >
> > >
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