Comments on: Claymore Gold IPO: Sign Of Top In Gold?

by: david

Mon, 14 Sep 2009 18:14:14 +0000

Count yourself lucky when there is a price downturn in gold. this is the time to buy some more.

by: carol

Thu, 11 Jun 2009 19:40:24 +0000

Looks like the many “bullish” responses here have confimed a needed correction in gold…maybe not the top, but a little too bullish right now

by: jeremy

Thu, 11 Jun 2009 09:17:43 +0000

Matthew, nice one.I would not forget charts, but use them as a secondary confirming indicator, they look bullish to me.
If investing was as simple as reading sentiment, we would all be millionaires instead of running any old blogs.

by: Matthew

Thu, 11 Jun 2009 08:17:47 +0000

I agree with Pal and Jeremy. Forget the charts, they cannot and will never predict anything. One isolated IPO will never be a signal. Look at the fundamentals for gold: huge US$ stimulus, huge USA Federal debt, both being strong indicators for future inflation. More and more people agree that Au and Ag are safe havens - yes, be patient as Pal says, even I have to say that to myself all the time…

by: jeremy

Thu, 11 Jun 2009 07:20:08 +0000

pal, i agree 100%, did you see what happened to the 10 year bond yield yesterday, or agricultural prices, or oil prices?I think that being negative on something just because sentiment is positive is a “false” contrarian strategy, that will give you too many “wrong” inflection points.

by: pal

Wed, 10 Jun 2009 16:48:01 +0000

Too bullish? Are we asking ourselves the right questions?
We are currently in unprecedented territory. With the quantitative easing occuring globally, where else can the precious metals market go but up? This is a once in a lifetime opportunity where you can throw away your charts and stats of times past and deal with the present. Of course metals will have its ups and downs, much of it due to the manipulation of the government who is in bed with the Treasury and Federal Reserve to keep gold prices suppressed - anyone counting the number of ex Goldman Sachs employees who are now employed at the Treasury? It would not be surprising to see the next bubble occur with the miners which could dwarf the Real Estate and Tech bubbles. Long gold, even moreso silver, be patient…..

by: fxloot

Wed, 10 Jun 2009 11:35:57 +0000

Hmmmm need to go to the hairdressers and see if the women are talking about buying gold…..then the top is in…lol

by: Babak

Tue, 09 Jun 2009 12:37:07 +0000

The sentiment is also too bullish.

by: tweakie

Mon, 08 Jun 2009 18:50:27 +0000

it’s not just one IPO though.

by: jeremy

Mon, 08 Jun 2009 17:51:40 +0000

One IPO is not enough to suggest a top, with all that liquidity flooding the world, and a very clear reverse Head and shoulders, i might be tempted to see things differently?