muses of the moment

July 12, 2013

Gold Market

Filed under: Gold and Silver Investing, Precious metals — totallygroovygirlfriday @ 8:41 am

Disappearing physical gold. Very interesting.

From Jesse’s website, click here.
And here.
And here.

Gold seems to be looking hard for the low.

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3 Comments »

  1. You have put together an interesting website….good work and congrats. Many varying opinions.

    pm investor in Canada

    Comment by Anonymous — July 12, 2013 @ 11:37 am

  2. GG,

    Hmm. It looks like the last time inventories were this low was near the 2009 low. What this tells me is that gold holders are finally capitulating in droves. It is just about time to start buying, but not yet. Money is lost by trying to anticipate when the low is in place (catching the falling knife). Money is made by seeing when the market finally says it is tired of falling (generally revealed by rising on rising volume, but also confirmed by other technical indicators). I.e., money is not made by buying before then.

    I was stopped out of all my stock positions in late March 2000. However, I then kept going over the cliff with the rest of the lemmings, trying to catch the falling knife. I fared no better than had I held on all the way to the 2002 bottom. In fact, I would have fared better, because true to human form, I refused to believe the rally when it finally came.

    The gold holders who are now selling, who have finally grown weary of the hucksters’ cries since the gold high of 2011 that a rally was just around the corner will be no different. Alas, when the rally finally comes after the summer or early next year (per Armstrong), they will refuse to believe it and miss most of it.

    It does look like a tradeable rally in the metals is taking place right now, but I don’t know that the final low is in place yet. I trust Martin’s computer better than my own intuition.

    -Lemming

    Comment by Anonymous — July 12, 2013 @ 12:03 pm

  3. GG,

    Hmm. It looks like the last time inventories were this low was near the 2009 low. What this tells me is that gold holders are finally capitulating in droves. It is just about time to start buying, but not yet. Money is lost by trying to anticipate when the low is in place (catching the falling knife). Money is made by seeing when the market finally says it is tired of falling (generally revealed by rising on rising volume, but also confirmed by other technical indicators). I.e., money is not made by buying before then.

    I was stopped out of all my stock positions in late March 2000. However, I then kept going over the cliff with the rest of the lemmings, trying to catch the falling knife. I fared no better than had I held on all the way to the 2002 bottom. In fact, I would have fared better, because true to human form, I refused to believe the rally when it finally came.

    The gold holders who are now selling, who have finally grown weary of the hucksters’ cries since the gold high of 2011 that a rally was just around the corner will be no different. Alas, when the rally finally comes after the summer or early next year (per Armstrong), they will refuse to believe it and miss most of it.

    It does look like a tradeable rally in the metals is taking place right now, but I don’t know that the final low is in place yet. I trust Martin’s computer better than my own intuition.

    -Lemming

    Comment by Lemming — July 12, 2013 @ 12:05 pm


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