IS THE GOLD BULL MARKET OVER?
8 January 2011 by Cullen Roche
13 Comments
In part 1 Keith McCullough, Hedgeye Risk Management CEO, and Frank Holmes, US Global Investors CEO, discuss the latest decline in gold and whether it means we are on the verge of much larger declines:
In part 2 Michael Savage, Savage Financial Group and Sterling Smith, Country Hedging discuss why the gold bubble is far from bursting:
Source: CNBC
Its going down yo
Besides the mendacious propaganda, how can anybody, with a sound mind, can even listen to this constant hysterical screaming and brabbeling?
Gold is an inflation hedge and long as the real interest rate is negative, gold is gonna rise.
Fear mongering and wishful thinking. We have had a decline from $ 1430 to $ 1370 and you are calling the end of the bull market? My respect for you is rapidly declining, mister Roche. Gold can go down to $ 1250 and still be in a bull market. It has corrections every year, which are healthy before the next leg up. You are a gold hater, simply admit it.
But as a fervent supporter of crack pot like MMT and fiat currencies: what is to be expected? Apparently you are happy with an electronic unit called ‘money’ that can be printed into infinity. Good luck with it! Smart people, bankers and central banks hold gold, because they know its value.
Ignorant people like you will keep calling the end of the bull market at $ 1400, at $ 1500, at $ 1600 and at every major correction. You don’t know anything about gold, but like with fiat money you pretend to be the almighty ‘I know everything best guy’.
So I call your bluff: I’d like you to take a significant short position in gold and prove it here that you took it. Otherwise you are just bluffing and having a big mouth.
It appears Peter that you don’t know the difference between a question mark and a period. He simply asked the question. I love when these gold bugs go absolutely batty at the suggestion of a decline. I’m all for gold too but nothing goes up in a straight line, and we’re overdue for a correction that shakes out the weaker longs.
Carl Swenlin’s commentary is excellent on the stronger dollar and it’s implications on gold.
Even worse – there are 4 people interviewed here and THREE of them are bullish….You just have to laugh at someone who calls you crazy when it’s clear they haven’t even done their own homework. In the end, they end up looking like the crazy one.
Might also be worth noting that I am pretty bullish about gold (and have been) as long as there are fears over “money printing” and the Euro crisis….
Then why pose the question about ‘the bull market being over’ altogether?? If you don’t understand that negative real interest rates are bullish for commodities & stocks and you keep denying that there is inflation, you are fooling yourself. This is going to be 2002-2007 revisited, with sharply higher commodities and higher stock prices. And there IS money printing, it has been done since 2002, every government ALWAYS issues too much currency and it has been reflected by big price increases in the period 2002-2007 and it will happen again.
Would it have made more sense for me to write:
“Is the gold bull market just beginning?”
Actually it makes more sense to write “Is the gold bull market continuing or is it over?”
If someone asks you “are you insane?!”, they’re generally implying you’re insane.
If you do a search that asks if the gold bull market is over, you’ll find one probably every week for the past decade, literally. The bullish arguments generally come from gold bugs. The bearish arguments come from ….. well literally everyone else. And everyone else basically outnumber the gold bugs even if the gold bugs are more vocal about it.
BTW, according to thestreet.com poll, there are more people bearish on gold than any other sector…. by far.
http://www.thestreet.com/stock-market-news/10603675/poll-bull-or-bear.html?kval=dontmiss
That’s one reason why gold bears keep missing out. All they see are gold bullish arguments from the vocal minority and assume everyone must be bullish on gold. Mark Hulbert from marketwatch, for example, basically tracks gold sentiment from gold trading newsletters. Why not track everybody? Because if you tracked everybody, the rest of the non-gold newsletters, would be bearish. Look at the holdings of stock mutual funds. How many hold gold? Do you actually know anybody who owns gold? And why do I see so many ads asking to BUY gold from me? Usually, you’ll see ads trying to sell you stuff not buy them from you.
I think you guys are being a bit overly critical of a headline. I asked if the gold bull was over and then provided two videos in which 3 of the 4 pundits were bullish…..
I ve got stopped out all my trading position at 1391. It is good.
Looks like gold can’t go to 1800 before 1200. Weak hands have to be washed out.
BTW, prices aren’t going up. LOL.
http://articles.moneycentral.msn.com/SavingandDebt/FindDealsOnline/article.aspx?post=a81291d4-6ac1-4833-941c-b4949cf2f68d
The incredible shrinking product trend that started several years ago is still going strong, Consumer Reports writes in its February issue.
It’s a stealth price hike, says Consumer Reports senior editor and shopping expert Tod Marks. As he told WUSA TV in Washington, D.C.:
It’s easier for them to simply shave a little bit off here, a little bit off there, and it’s less likely to antagonize costumers. The fact of the matter is people know prices, but they don’t know sizes.
Here are some of the downsized products found by Consumer Reports and its readers:
Ivory dishwashing detergent, down from 30 ounces to 24 ounces.
Tropicana orange juice, down from 64 ounces to 59 ounces.
Kraft Singles cheese, down from 24 slices to 22 slices. (As far as we know, the individual slices have not shrunk, but keep an eye on them.)
Haagen-Dazs ice cream, down from 16 ounces to 14 ounces.
Scott toilet tissue, down from 115.2 square feet a roll to 104.8 square feet.
Chicken of the Sea pink salmon, down from 3 ounces to 2.6 ounces.
Manufacturers told the magazine that costs were rising, so they had a choice of either shrinking the product or raising the price.
You folks should go over and read the Business Insiders Titles, They would make Joseph Goebbels proud.
Cullen is just bringing up the subject as to an after event. We already know gold is in a bull run, but ALL GOOD THINGS Must End, so in investing, does every one run around asking themselves,” which investment has run up so I can get in”?
I think not, most folks try and catch the train before or slightly there after leaving the station and while on board THINK about getting off at each stop.
JMO