GOLD 0.51% $1,391.7 gold futures

spot gold jumps again, page-9

  1. 33,103 Posts.
    lightbulb Created with Sketch. 1399
    Andy,

    "I have been wondering why the gold stocks seem to lag the actual gold price."

    I think you'll find Andy that gold stocks are leading the gold price, as oil stocks and indexes did before the great 2008 oil crash. They pointed the way months ahead.

    Every gold index is down way more than gold, that's why I expect gold to fall, a lot further.

    In addition gold has no utility, unlike iron ore, beef, orange juice and other commodities, gold increased for 10 years, an ageing bubble slowly deflating.

    The chaos that is supposed to wreak havoc on Europe is the domain of the hard money newsletters and the likes of Max Keiser and Stacy Herbert who I'd define as a couple of wackos.

    I haven't been hit too badly, I've got about 50% of my investable assets in global and Aussie shares which have recovered somewhat, property is moribund except for what I would term 'flourishing outcrops', which will always move ahead, the word I believe is 'gentrification'.

    To find those places and make money you've got be ahead of the herd and have patience.
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.