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Oil prices are already at their inflation-adjusted highs. Gold prices have yet to reach inflation-adjusted highs of around US$2200. Moving up to US$2000 or more within the next few years is very possible.
Gold prices are rising together with other commodities.
Top investor Jim Rogers, 65, said that commodity prices are going up because inventories are at the lowest they've been in decades. He blames the commodity supply crunch on a lack of investment in production technology, the limited availability of arable land, and a shortage in equipment such as tractors and in raw materials, seeds and fertilisers.
Mr Rogers said a recession in the United States would have little effect on prices.
"Even if demand flattens out, you can have a bull market. Supply is under terrible duress," he said, pointing out that when commodities have done well, such as in the 1960s and 1970s, stocks have performed badly.
Conversely, when equities prospered in the 1980s and 1990s, commodities were in the doldrums.
He estimates the commodities bull market will run until 2020.
Mr Rogers said the bull market in commodities is probably about one-third of its way through the cycle - which, based on history, could last between 15 and 23 years.
"The 20th century saw 3 long commodities bulls (1906-1923, 1933-1953, 1968-1982), each lasting an average of a little more than 17 years. The new millenium has begun with another boom in real things. In my opinion it begun in early 1999."
He is particularly positive on agriculture.
"Inventory of food is at the lowest it has been for 40-50 years; we may face mass starvation. The world is in a precarious position. Commodities prices will go higher, no matter what the US$ does" he said.
Unlike stocks, history has shown that commodities move in much longer cycles. Because prices are depressed for long periods, when bull runs occur they will be very powerful. So if you miss this bull run, it probably won't happen until the next generation. And you may not be alive then to benefit from it.
this is only just the beginning...
when u watch movie cannot show climax at the 1st part mah..must tarek a bit..then ending got cliffhanger better still..haha..
same story as gold..mark my words..gold is gonna make u RICH
It seems the bullish GOLD game has subsided slowly but surely, corresponding to the global inflation tamer and tamer with the time goes by. I keep reducing my holding substantially since its peak at above USD 1025/troy ounce.
mike8057d ( Date: 10-Apr-2008 13:51) Posted:
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86 to strike or no buy. follow trend. it's still downing a bit. foreign controlled. ok market starting soon. byes people! :)
Metals - Gold continues down on the day as IMF gold sale plan dampens sentiment
http://www.forbes.com/markets/feeds/afx/2008/04/09/afx4870537.html
hehe. ozone, i see you're here too. ;)
start accumulating this..
u'll thanked me when the US economy and subsequently the USD tanks big time!
Gold is a precious metal...currency was derived from gold.. so what do u think?
Gold is the mother of all currencies man... amass ur gold n get ready to be rich
Hi AK..
If recent event is considered a crisis, my view is that it cannot be settled or compromised in such as a short period ....sentiment might change but not events overnight...so gold will definitely shine in the near future.
AK_Francis ( Date: 05-Apr-2008 00:35) Posted:
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My view is that it may not leow, as most the crisis had been more or less settled and compromised. Comments.
Gold rebounded off US$872.90. US$873 was its previous intra-day high set in 1980. The next support is around US$850 (closing price that day). These should provide good supports.
Don't worry too much. I think gold may reach around US$1200 this year. Long term, it's will go even higher. When stocks selldown, there's a switch from commodities to stocks. When commodities selldown, there's a switch from stocks to commodities. Always switching here and there. Besides, gold is a hedge against inflation and weak US$.
from counterparty check:
MS Asia and Citigroup global selling gold. RSI at low and turning up.
fyi only.
be careful because it's an either/or scenario now.
thank bro... beside macd is there any other ta for confirmation.
Bro honda stream.....
Just like to share,,,, on MACD... using number less than 10 is for short term trading like contra or intra day short,,, from 15-30 will be longer term like 1-3 mths.... So it's up to u... some even use 200 to gause the over view for super long term investment.... However.. using which low and high combination.. it's still up to u.. there is no wrong no right... I seen ppl using 9 16 or 12 25 and other combis.... ultimately, they come to same conclusion but different buy price and stop loss price which differ by 3-7 bids.
hope this helps... cheers
Hi , ppl would like to seek some teaching from any of you , if one used ta to trade, when we use moving average for intra day, what will be the no for ma. used ? 20 ,50 or 12, 26 ?? or some others no to use for this indicator. or any other chart that is better for reference check.
reluctant to cut loss and admit mistake, but I did today, cut 3/4 of holding, left with skeleton holding now. I think GOLD for the time will correct, but I still believe that it will go hgher....sigh, a sad man! Stock I lost, GOLD also lost. Only shorting I made, which I lost all in the GOLD...sigh!!! Anyway, the mkt is there, always there...hehehe! Cheers!....loushare, yes, typo error, should be US$9K2.
Thanks Idesa, I think it should be US$9200 instead $920 (typo error?).
Looking at Poem's chart on GLD 10US$, the indicators and the price charts show prolong convergence. So when to sell ? Looking at OBV, ppl starts to sell from 29/02/2008. Looking at RSI, sell signal could be around 70. Not vested.
GLD10US dropped 6USD, as US $ goes steady. Those bought gold last few days, if still holding, may suffer some losses. But All smart guys there should hv unloaded yesterday leow. Congrate.
US$92.00 x 100 shares = US$920.00 (S$12696), less brokerage.
How much one has to pay for say 100 shares (i.e 10 lots) if the transaction price is $92 ?