I get the impression gold more than the last few years is trading on the fumes of emotion. There are a large number of people who want it to go up and they are taking it that way. On the technicals Gold looks very sick its been in a death cross( 50-60 day moving average is below the 200 day moving average : a very strong sell signal) territory for a considerable time. Gold used be negatively correlated with the stock market but that negative correlation has been reducing and actually trending towards a positive positive correlation.
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Originally posted by Jumpin View PostYes it's all speculation, but a bet on growth without cashflow is generally regarded as inherently more speculative.
For those buying gold, are you expecting growth or are you just expecting less loss compared to other 'investments'?Homes For Sale in USA I | Home Loans I | Home Renovation Tips
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Interesting bit of news from Bloomburg. Funny thing is I saw it on kitcos web site briefly then it was no longer visible. Almost gave me the impression Kitco doesn't want bad news "told".
Last edited by Austrokiwi; 06-06-2013, 04:12 AM.The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.
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Gold Crashes Through Production Cost Levels
Gold fell to its lowest level since 2010 on Friday to under $1,200, which is what it costs many miners to produce an ounce of gold, and analysts tell CNBC that miners will be "severely" impacted if prices stay here.
Andrew Su, CEO at brokerage Compass Global Markets said the average cost of producing gold in Australia, home to some of the world's biggest gold miners, has jumped from $500 an ounce in 2007 to over $1,000 an ounce this year.
"What I believe is that the official costs, the costs in reality, are significantly higher than $1,000. So we've had quite a few gold mines close in Australia," Su said on Friday. "We've had some companies actually go bust and we've also got significant job cuts by big miners like Newcrest, Barrick, and Silver Lake Resources."
Su adds that fixed costs like paying workers are actually rising quite significantly while gold prices have fallen, adding more pressure to miners' operations.
According to industry experts, the total cost of production varies between $1,000 and $1,200 an ounce depending on the scale of a miner's operations.
Gold Selloff Overdone, Around $1,000 a 'Crazy Buy'
"There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx
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Originally posted by muppet View PostGold fell to its lowest level since 2010 on Friday to under $1,200, which is what it costs many miners to produce an ounce of gold, and analysts tell CNBC that miners will be "severely" impacted if prices stay here.You can find me at: Energise Web Design
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Whats happening with the NZ mint? Are they finding hard to find gold? See this link to the Perth mint read down you will see the Perth mint produced the gold Dr Who coin for the NZ mint:
http://www.perthmint.com.au/catalogue/doctor-who-50th-anniversary-2013-1oz-gold-proof-coin.aspx
The silver Dr Who coins were also made at the Perth mint!!
Last edited by Austrokiwi; 06-10-2013, 11:17 PM.The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.
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previous debt bubbles have been eventually deflated by inflation
this has encouraged real estate investors to load themselves up with the maximum debt the banks would allow them to carry
and then wait for rent inflation to dig them out of the morgage hole and basically gift them a few houses and a retirement income for free
that's still working, at least in auckland
but as the whole the world seems to be struggling to keep out of a japanese deflation spiral
gold just dropped back through us$1300
like oil and other commoditieshave you defeated them?
your demons
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