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  #11  
Old 04-04-2013, 08:53 AM
Altima Altima is offline
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Default so are you ready or not to catch the wave?

something to share:

http://www.tfmetalsreport.com/blog/4...ing-likelihood

"it is looking increasingly likely that a washout is coming....Remember, this selloff isn't totally unexpected."


I remember trying to surf in Bali and one of the ways to predict a good wave was to see where the tide would recede most. Pick that spot, wait for the wave to form and then ride the wave.
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  #12  
Old 08-04-2013, 04:33 PM
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Default China, Australia to allow direct currency trade

Interesting piece of news today:

http://www.straitstimes.com/breaking...trade-20130408

Also featured on zerhedge earlier:
http://www.zerohedge.com/news/2013-0...ect-currency-c

So who says USD have to be the reserve currency?
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  #13  
Old 17-04-2013, 02:28 PM
Altima Altima is offline
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Finally some good reading material!

I believe that this is the only question that ultimately matters for the direction of gold:

“Has the direction of global monetary policy changed fundamentally, or is it about to change fundamentally? Is the period of ‘quantitative easing’ and super-low interest rates about to come to an end?”

If the answer to these questions is ‘yes’ than gold will continue to be in trouble. If the answer is ‘no’, then it will come back.


http://detlevschlichter.com/2013/04/...-that-matters/
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  #14  
Old 22-04-2013, 09:07 AM
Altima Altima is offline
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Good morning everyone. Let's start off the week with some articles for your reading!

Is There A Silver Lining To The Gold Price Plunge?


One way to value gold is to compare the price with marginal production costs. On this metric, gold could fall to $1,000 or below before hitting cash production costs at higher-cost mines, according to our research.

How Low Can Gold Go?


The next question is, can gold fall below the cost of production? Absolutely. Gold as well as silver can under certain conditions trade below the cost of production. It happened more than a decade ago. In fact silver was trading below the cost of production for many years and was only produced as a byproduct of other mining activities.

But prices cannot fall below the cost of production for long. It can happen for a few months, but it's not something that can last for a very long time.

The worst-case scenario for the price of spot gold -- assuming maximum bearish market sentiment -- is probably in the $1000 range, for a maximum period of several months. However, lower gold prices over the long term might also lower the cost of production. If this is confirmed, then the absolute rock bottom price for gold might even be less than the $1000 mark.
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  #15  
Old 22-04-2013, 09:44 AM
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My thoughts on the second article by George Kesarios :

If gold falls to $1000, many will start predicting it will fall to $800, then $500, even back to $300-400 in extreme cases. It's always safer to forecast along with the prevailing trend to maintain a good record, since the only wrong forecast is when the trend has reversed. LOL.

Mining is an energy and labour intensive activity. With oil price permanently elevated at the US$100 and sustained inflation, I am sceptical about the $460 production costs as quoted by the CEO of Barrick. CEOs are PR spokespersons and corporate image makeup artists, so I always take their words with a pinch of salt... having seen how great politicking skills they have.
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  #16  
Old 12-05-2013, 09:54 AM
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So the Fed may be easing back on their asset purchases.

http://m.seekingalpha.com/article/1426361

As much as I am sceptical about the Fed being able to scale back their QE, I am not such a permabull to believe that such a move isn't impossible!

So with this brings plenty of volatility next week, not just for stocks but for PMs too?
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  #17  
Old 03-06-2013, 10:08 AM
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Default Commentary - Why the gold rush is over for the long haul

Hmm, haven't been updating this thread but I came across an article which I read previously on seekingalpha and is now published on TodayOnline.

http://www.todayonline.com/commentar...over-long-haul

He 's also predicting that gold will fall to around $1,000 before the end of 2015.

http://au.businessinsider.com/roubin...to-1000-2013-6
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