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What Does Gold Know That Stocks Don't?
A quick glance at today's cross asset class market moves shows a clear standout. The massive outperformance of Gold (relative to USD strength, Stock weakness, and Treasury yields tumbling). However, focusing on a slightly longer-term context shows that it appears you can't keep a good gold market down as it has merely recovered from its over-zealous selling pressure of earlier in the week - to resync with FX, stocks, and bonds. Most importantly, as we pointed out yesterday, it is now clear once again that 'sexy, smart' stocks knew nothing then (for the fourth time this week) - but keep on believing, as we will focus on 'other' asset classes as a signal.
Today - across asset classes...looks like Gold is onto something...
but on a longer-term context, things have come back into line...
but more importantly note the green ovals where 'sexy, smart' stocks (blue) tried and failed to push higher again and again and again...seems gold was onto something.
Charts: Bloomberg
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War wars?
Depression...then war wars
Swar Wars
Gold knows nothing...it is an inert metal.
Gold's price move shows that there are a few intelligent investors that realize the world's financial crisis is going to be resolved through inflating away the debt issue since that is the only thing central bankers can do.
Front running gold eh? Do I smell a gold bug. Outperforming but in a downtrend nonetheless.
We already know that David Einhorn loves Apple. We already know that ZeroHedge loves David Einhorn.
So because ZH missed/overlooked it, here's Einhorn loving Apple:
http://www.valuewalk.com/2012/05/david-einhorn-details-his-bullish-case-...
Gold is performing well above the Gold Bugs Index (stocks).
http://bullandbearmash.com/index/gold/daily/
It appears that stocks lead the commodity, in this case, if you look at the couple of years. Case in point, stocks barely responded to Gold's "blow off" to $1920 an ounce.
Maybe it knows nothing or maybe CB's are preparing for the "The Big Print". This thing still feels just like it always feels on days like this, "always a floor". Whether it's Apple going bid, HFT Algo ramp or whatever. All you could do is trade it, if you have brass balls to do so. Or, we could just accumulate the shiny stuff and not look! Harr!
gold ... Divergences Appear: http://www.traddr.com/profiles/blogs/divergences-appear-may-signal-ecb-stimulus-coming-shortly
gold, silver
old wine ,cigars...
market to zero
What could be better than owning physical gold and silver for your financial future.
It still puzzles me why more Europeans aren't flocking to gold and silver.
I'd say people should gobble up 1 oz gold bars.
http://bit.ly/LJndQn
I'd really like to see some interest in some silver and gold miners. Will someone explain why CDE is trading like a leper? The cheapest stock I know. Beats the socks off of FB, and trades for a fraction of FB's market cap.
The Ten Year U.S. Treasury at 1.62% is telling you the same thing - stock flaccidity to continue until explicit QE3 jizz fest announced.
My dog is a barbarian. He ate all my gold because I waited too long to take him boating. Does that count as counter-party risk?
Just in case any of you barbarians are too far inland to have an accident, and your dog won't rehypothecate your metal even after you coat it with peanutbutter, I present another idea:
http://en.wikipedia.org/wiki/Aqua_regia#History
Just burn the dog. You'll have your metal back in no time. Ok course shoot it first, no need to be barbaric about it.
Gold is still down for the week. Yesterday's crash didn't deserve a story, did it?
It's like the government reporting only numbers that makes it look good (ok, the government has to make those up)
Gold is still down for the week. Yesterday's crash didn't deserve a story, did it?
************
Gold is down for the week-ho hum
Today is significant in that gold is trading against everything and winning-it might not last-but it does carry a very important message-if you would drop your ego and listen-
Did you also notice your EUR/Gold theory just blew up in your face today?
$GOLD:$CRB popped above February peak, should be good for +$50
Gold just felt like saying "Fuck You's Benny and Timmy".
Well done.!
Gold knows the golden rule: He who holds the gold makes the rules
Stacks grow with weary arms
Buying fucking dip complete with backing truck
Fiat return to hot furnace
I own gold for a long time now. I trust it is going much higher. That is why i go gouden munten kopen in Nederland.