Comments on: Gold Sentiment Too Optimistic For Continued Rally http://www.tradersnarrative.com/gold-sentiment-too-optimistic-for-continued-rally-2197.html Freshly squeezed market commentary & analysis Sun, 21 Mar 2010 18:14:29 +0000 http://wordpress.org/?v=2.0.2 by: Johan Lindén http://www.tradersnarrative.com/gold-sentiment-too-optimistic-for-continued-rally-2197.html#comment-36588 Wed, 21 Jan 2009 03:22:09 +0000 http://www.tradersnarrative.com/gold-sentiment-too-optimistic-for-continued-rally-2197.html#comment-36588 Firstly, gold is surely real money! And that is actually and now more than ever is that shown in charts! Secondly, gold and gold stocks is not the same thing. No one ever said that gold stocks is real money. Since you like to use Sweden as a comparison, I can remind you that the gold price made an all time high in Sweden today. The US dollar has since Summer made the biggest appreciaition in history and it's no wonder that gold has taken a pause in that currency. In euro it's almost at an all time high. This while all other financial instruments and commodities has been destroyed. Depending on how you like to value gold on a relative basis it has been going pretty much straight up in a very high pace since 2000/2001. Now let's end this discussion once for all that gold is like all other commodities and not real money. Firstly, gold is surely real money! And that is actually and now more than ever is that shown in charts!

Secondly, gold and gold stocks is not the same thing. No one ever said that gold stocks is real money.

Since you like to use Sweden as a comparison, I can remind you that the gold price made an all time high in Sweden today.

The US dollar has since Summer made the biggest appreciaition in history and it’s no wonder that gold has taken a pause in that currency. In euro it’s almost at an all time high.

This while all other financial instruments and commodities has been destroyed.

Depending on how you like to value gold on a relative basis it has been going pretty much straight up in a very high pace since 2000/2001.

Now let’s end this discussion once for all that gold is like all other commodities and not real money.

]]> by: Gold Sentiment Too Optimistic For Continued Rally - VicktorCapitalist http://www.tradersnarrative.com/gold-sentiment-too-optimistic-for-continued-rally-2197.html#comment-36486 Wed, 14 Jan 2009 08:59:21 +0000 http://www.tradersnarrative.com/gold-sentiment-too-optimistic-for-continued-rally-2197.html#comment-36486 [...] A chart below that reflects retail investors’ high bullishness, which means most of gold’s good news may be in the price already. (Trader’s Narrative) Another sentiment measure is also finding too much excitement for gold. The chart below shows the Central Gold Trust (GTU) share price with the premium/discount to NAV plotted below. Since the trust simply holds gold and silver, it is easy to calculate what it should be trading at. But right now, people are paying astronomical amounts over and above the real value of this security: [...] […] A chart below that reflects retail investors’ high bullishness, which means most of gold’s good news may be in the price already. (Trader’s Narrative) Another sentiment measure is also finding too much excitement for gold. The chart below shows the Central Gold Trust (GTU) share price with the premium/discount to NAV plotted below. Since the trust simply holds gold and silver, it is easy to calculate what it should be trading at. But right now, people are paying astronomical amounts over and above the real value of this security: […]

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