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Moolah
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Posting #1: Fri Jul 14th, 2006 02:50 |
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Here's some interesting commentray by Mr.Martin Goldberg on GOLD posted on FSO's Market WrapUp
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Gold and stocks have traded in the same direction since late 2005. However most recently, from late June to the present this relationship seems to have changed. While it may be too early to make such a call with a high degree of certainty, it appears that gold has decoupled from stocks. Whereas gold has resumed its uptrend, stocks have faltered. Since the normal relationship is for gold and stocks to be negatively correlated, maybe this inverse relationship is returning to its historic norm. If this is indeed happening, it is likely to hurt stocks’ performance in the intermediate term. The market has been liquidity driven, and this liquidity has been apparent in strength in gold expressed in US dollars, and concurrently rising stock prices. When gold, stocks, and commodities were hammered in early May, it was clearly due to a loss in worldwide liquidity because everything that traded on a public exchange simultaneously dropped sharply in price. However, over the last couple of weeks, while gold has risen, the performance of US stocks has been lackluster. If liquidity cannot pump this market, then what can? Or worse yet, if gold were to correct from its current levels, this would hurt stocks even more.
The monthly gold chart below shows that the bull run in gold beginning in mid-2005 went for about 12 consecutive months. Gold then corrected for 2 months and in July, it resumed its bullish run. While continuation of the bullish action in gold would speak volumes about the strength of the gold bull market, it would also appear that the correction in gold is not over. Logic would suggest a correction of a 12 month bull would last longer than 2 months. The monthly slow stochastics which suggests an overbought condition in gold seems to also confirm this logic.
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Shorter term, gold has corrected almost 62% of the drop off of its high, and it seems unlikely that such a vertical rise, followed by a similarly vertical fall would be followed by an equally vertical rise that takes it to (or even near), new highs without some meaningful bumps along the way.
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The July action in the un-hedged gold bugs index ($HUI) suggests that gold may indeed correct. The ratio $HUI to gold ratio is dropping and this relationship seems confirmed by the slow stochastics indicator. While not 100% dependable, the $HUI tends to lead gold.
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Last edited on Fri Jul 14th, 2006 02:52 by Moolah
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LAL
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Posting #2: Tue Feb 13th, 2007 02:48 |
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So yeh we all know that Governments worldwide have been pumping in money in the double or high single digits yearly for past 3 years at least. So yeh, we all are fairly? certain that all this funny money will and have found their way to most financial and real assets. So why not gold - that precious shiny metal that cannot be churned out at the whim and fancy of Governments, a decent store of value over generations, a metal in demand by millions in India, China and elsewhere. Well at least on a relative basis I believe the shiny metal is still undervalued versus other assets. Not to mention the diversification away from USDs globally. Four digit figures on a per ounce basis shouldn't be a problem in the coming years. Only, only...
What I'm really trying to say or lament is the complete and utter lack of avenues for getting into this gem of an investment, except to buy gold bullion from very selective bank branches or via Maybank's gold account which charges high fees. :s30:What if I want to sell later, will the banks accept my coins when they hit USD$3000/ounce (I'm wishing :s25
No gold ETF, companies, mutual funds, unit trusts etc available in this country. So how? Gotta go to Singapore and foreign exchanges and distributors to buy. Ditto for silver, uranium and those other metals.
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Moolah
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Posting #3: Tue Feb 13th, 2007 02:57 |
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Hi,
I do understand your comments made.
here's a suggestion. try to inquire about them kijang gold coins from maybank.
ps.. there's this forumer called Prophet. He's the gold expert.
cheers
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prophet
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Posting #4: Tue Feb 13th, 2007 03:13 |
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Some1 mentioned GOLD??? :s8:
Buy and sell with ease it says here even i suppose at USD3000!
http://www.maybank2u.com.my/promotions/goldcoin.shtml#buysell
How to buy and sell?
The Kijang Emas is priced at the daily gold market rate. The price is quoted daily and pegged to the international gold price to facilitate buying and selling.
The Kijang Emas can be purchased individually or as a set. Easy to buy, sell and store, Kijang Emas gold coins can be purchased in 3 different sizes: 1 oz, ½ oz or ¼ oz.
The weight and purity of Kijang Emas coins are precisely controlled and standardised by an internationally recognised refiner and mint, allowing you to buy with confidence and sell with ease.
When is the right time to buy?
Is now the right time to buy? The answer is always YES! Gold is an investment for the long run. The right time to buy Kijang Emas is when you understand what it is and what it can do for your portfolio.
You may purchase Kijang Emas gold bullion coins at 30 selected Maybank branches nationwide. For further information and enquiries, please contact us at 03-2070 8833, ext. 2009.
M8, you are on the rite track...Fiat is delusion.Esp the USD. Imagine toilet rolls are worth morw than the USD.
Unfortunaately like you said, theres limited gold investment vehicles for Msians. In my tiown here, they have runned oot of 1 ounce kijangs! :s30:
As for selling, if the coins are 99.99% pure, it doesnt matter. Any1 in the world WILL buy your coin for the gold inside! :s8:
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Moolah
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Posting #5: Tue Feb 13th, 2007 03:18 |
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M8, you are on the rite track...Fiat is delusion.Esp the USD. Imagine toilet rolls are worth morw than the USD.
Unfortunaately like you said, theres limited gold investment vehicles for Msians. In my tiown here, they have runned oot of 1 ounce kijangs! :s30:
As for selling, if the coins are 99.99% pure, it doesnt matter. Any1 in the world WILL buy your coin for the gold inside!
LOL!!!!
M8, so where is your vault?
:s39: :s39: :s39: :s39: :s39:
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prophet
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Posting #6: Tue Feb 13th, 2007 03:22 |
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| Fort Knox! :s19:
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madviruz
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Posting #7: Tue Feb 13th, 2007 03:28 |
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Gold Coins?
If you are bullish on gold then pure Aussie gold mining stocks make more sense.
Attachment: gold.pdf (Downloaded 4 times) Last edited on Tue Feb 13th, 2007 03:29 by madviruz
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prophet
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Posting #8: Tue Feb 13th, 2007 03:31 |
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MadV
How to buy these stocks?
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Moolah
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Posting #9: Tue Feb 13th, 2007 03:32 |
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madviruz wrote: Gold Coins?
If you are bullish on gold then pure Aussie gold mining stocks make more sense.
thanks for that great info...
err... gold mining stocks... is stocks... and common stocks have the issue of insider cliche as a risk... gold coins ... they are rather pure as itself.
do checkout the mayban website.
perhaps Propie could give u an indication of his return of investment in his coins.
cheers
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prophet
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Posting #10: Tue Feb 13th, 2007 03:33 |
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Pls bear in mind gold bullions are different from mining companies. Concept is totally diff.
Companies have to be analysed as compnies. BEWARE of hedging by companies! These ones are asking for troble in a Gold BULL mkt...
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