Shorting Gold


This is a very dubious statement, you don't like gold so you want to see it fall to 500 because gold is old and a hedge against inflation, you are making the classic mistake of mistaking short term trends for long term trends, firstly inflation is very much alive and will take years to get under control, secondly gold has had a few big corrections in its run up since 2001 which has crucified speculators both on the up and down swings most recently in may 2006, this is just another correction in both gold and oil to flush out the speculators
 
fly fisher when the market goes up bloomberg and cnbc are the ultimate ra ra outfits......
market up........get the bulls to cheerlead and when the market tanks get the bears in to spin.
Do not make investment decisions on what anyone says on these soaps.
Good luck.
 
Would second that notion. Think I'd be more tempted to go with gold breaking $1000 within the next year, or as joe mentioned, bet on the $/€ scenario.
 

I don't believe i gave the impression that I was making investment decisions based on these 'soaps'. I have made my own analysis and i quoted Bloomberg as a backup.

But that is the beauty of markets. You can put your money where you mouth is and be proved right or wrong.
 

I would disagree with the description of my statement as dubious. It is my opinion so should be respected as such.
Also, i have no like or dislike of gold , nor indeed do i 'want' gold to fall. Should i end up shorting it, then i would 'want' it to fall but at present i have no financial stake other than my equities benefiting from others fleeing commodities. ( and the resultant rising dollar as my equities are all US )

I am making a long term prediction based on long term analysis and it has nothing to do with short term movements.

I do not believe it is a short term correction but a gathering realization that the established thinking of gold as a safe haven to be inherently false.


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[/FONT]As I recently read


[/FONT] So similar to how a change in mindset is leading to a dramatic fall in Irish property values ( dis-proportionate to interest rate rises, credit crunch, economic factors ) , the price of Gold will suffer the same fate.

Out of interest, do any of ye have a financial stake in the price of gold or is it just speculation. Do ye back up yer bullish statements of Gold with real money.
 
At the risk of staying on topic and answering the OP's question I will mention the Short Gold ETF which aims to provide same return as being short gold. Ticker is SBUL
 
Found this.

http://www.bloomberg.com/apps/quote?ticker=SBUL:LN


Not sure whether Goodbodys will add it to their list of quoted shares/funds but i will contact them to find out.
 
http://www.marketwatch.com/news/story/gold-futures-edge-lower-traders/story.aspx?guid={662287A7-E4E1-4384-B15A-D1F6294D255D}
 
 
Out of curiosity - what is your main reason for thinking that gold will decline ?

Do you agree that inflation is a big problem at the moment?
And will most likely get worse !

In a nutshell - What in your mind is the overriding factor to push gold downwards?
 
Given where gold was trading three years ago, the inflation arguement is fairly thin and would imply a fundamental value significantly below where its currently trading
 
In a nutshell - What in your mind is the overriding factor to push gold downwards?

A change in perception as to the perceived value of Gold and the end of the credit crunch. ( or to be more exact, the declining influence of bank losses on the general market )
 
We may be reasonably close to the end of subprime writedowns, however we are moving in the a cycle of prime writedowns so credit crunch not going away anytime soon. I see weakness going forward in gold simply on the basis of more sellers than buyers. The 200+% move in recent year makes a mockery of the inflation hedge arguement. I would be interesting to hear peoples fundamental valuations on gold but if it is $1000 for example than it was trading at a massive discount for most of this decade, and still is.
 
i think we are going to see selling in all asset classes. the big guns i.e. brokerage houses are very short of capital and will have to liquidate positions on weakness not add to them as has been the norm for a long time now. so any selling will begett further selling and a massive move to cash
 
;
Now i am hoping Sebelius gets the nod for the vice position............and speaking of Ohio...guess where her Dad was governor.

Now i know this is going way off my original question but since this vp for obama will be announced very soon i thought others following this thread would enjoy this read. I hope the moderators will forgive me just this once.
Besides , if Sebelius gets it, it will do wonders for the US economy so that is important for any would-be-investors.... ( besides me winning my wager )

Running Mate Identities Revealed... in the Convention Schedules?

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