Blue Chip Bulldog - Latest Comments in The Decoupling of Gold?

Re: The Decoupling of Gold?

moo — Thu, 05 Nov 2009 06:47:27 -0000

New Post!

Re: The Decoupling of Gold?

Guest — Thu, 05 Nov 2009 03:43:15 -0000

I was just kidding, in part at least.

I'm not paying any attention to the public's appetite for retail gold,
though. I can't think of any particularly good reason that one should expect
the public to be busy buying gold jewelry in the middle of the largest
downturn of the last half-century.

Re: The Decoupling of Gold?

jayinasia — Thu, 05 Nov 2009 03:27:24 -0000

That is the Central Bank of India. The public of India is selling. Aviat is right. In fact India became a NET exporter for the first half of this year.

Re: The Decoupling of Gold?

Guest — Thu, 05 Nov 2009 02:44:46 -0000

Not sure if you watch Dave's breadth charts, but cumulative breadth is not glowing in the miners.

http://www.technicalwatch.c...
http://www.technicalwatch.c...

Re: The Decoupling of Gold?

Guest — Thu, 05 Nov 2009 02:36:45 -0000

No demand from india...apart from the 400 metric tons they just agreed to buy.

Re: The Decoupling of Gold?

TraderTamas — Thu, 05 Nov 2009 01:46:30 -0000

Roubini is right. This year has been hard on Jim's credibility... especially since all the new oil discoveries.

Re: The Decoupling of Gold?

zstock7 — Thu, 05 Nov 2009 01:41:33 -0000

Someone like NEM, who has a gazillion parking lots full of the stuff--starts to skyrocket!

Re: The Decoupling of Gold?

zstock7 — Thu, 05 Nov 2009 01:39:24 -0000

here's my next winning trade,
It’s already a winning trade,
100%, ( chart) I can get out of STT $43-$44,, just have to get the correct entry. I think I have that figured out too! $38.7

Re: The Decoupling of Gold?

zstock7 — Thu, 05 Nov 2009 01:37:33 -0000

I watched the Gold video, I'd be too afraid to try and short gold at his $1110 top--I'll wait for $1144

Re: The Decoupling of Gold?

Rosabarba — Thu, 05 Nov 2009 01:16:19 -0000

I wonder how much of this lagging reflects problems with miners' poor hedging programs, e.g., Barrick.

Re: The Decoupling of Gold?

aviat72 — Thu, 05 Nov 2009 01:01:50 -0000

Seasonally this is the period where gold prices fall as demand from India abates. This year there was no demand for India; the demand for Gold is from investors. Those seasonal patterns are all off.

Re: The Decoupling of Gold?

Brinkley — Thu, 05 Nov 2009 00:33:48 -0000

Roubini vs. Rogers:

http://www.theglobeandmail....

Re: The Decoupling of Gold?

chaunceyherbie — Thu, 05 Nov 2009 00:31:18 -0000

A candlestick chart with major daily PnF potential support/resistance levels for $gold: http://www.flickr.com/photo...

Re: The Decoupling of Gold?

ahab — Thu, 05 Nov 2009 00:02:29 -0000

The same guy in the video predicted a big sell off in gold that should have happened in this October that just finished. It never happened. That video is probably only 4-6 weeks old and somewhere still on the net.

Re: The Decoupling of Gold?

moo — Wed, 04 Nov 2009 23:10:08 -0000

http://www.marketwatch.com/...

Re: The Decoupling of Gold?

Brinkley — Wed, 04 Nov 2009 22:50:44 -0000

http://www.kitco.com/ind/Li...

Re: The Decoupling of Gold?

facesincabs — Wed, 04 Nov 2009 22:24:53 -0000

I agree with that observation about miners ... and your experience in this particular sector is very very helpful to folks here (and to me) ...

Re: The Decoupling of Gold?

Doji Girl — Wed, 04 Nov 2009 22:22:51 -0000

My post which slipped in as you were posting asks this same question. 'Cept you worded it better.

Re: The Decoupling of Gold?

moo — Wed, 04 Nov 2009 22:22:49 -0000

The fact that the miners are lagging and not confirming higher gold prices
suggests to me that they will fall with the market, but perhaps not as
badly.

Thanks Doji

Re: The Decoupling of Gold?

Doji Girl — Wed, 04 Nov 2009 22:20:48 -0000

Question: If gold is on it's own and decoupling, then what happens to the miners if gold goes up but stocks tank?

Re: The Decoupling of Gold?

moo — Wed, 04 Nov 2009 22:20:17 -0000

Hi Bear,

Thanks for your post here. I greatly appreciate them.

When you look at the Miners vs the actual metal over the last few weeks/months you see that miners are not confirming the higher metal prices and that is of great concern to me right now.

When anticipated action does not take place as expected, then that is certainly information in itself not to be ignored.

To me it says that the rally in gold will be ending soon, perhaps at 1110 as the video suggests or much sooner if not already for the miners OR this is the harbinger perhaps for a sharp equity market correction in our midst, that will not spare any miner of any metal.

The drama never ends.

Re: The Decoupling of Gold?

facesincabs — Wed, 04 Nov 2009 22:01:16 -0000

fwiw ... John Murphy over at Stockcharts did an analysis last night of gold compared to several world currencies (and it is leading every single currency) ... after India's big buy disclosure yesterday the whole world is on board with gold it seems (and everyone is hedging with it) ...