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Joined Aug 2010
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Status: synchronizing with the market
|141 Posts
The technical trader can trade according to their chart. In fact, I see 1300 and 1265 coming soon.
The decoupling of physical gold and paper gold can go on for months since the contracts expiry on Junes.
If paper trading gold, don't fight the trend.Just gold with the flow.
But for physical, there are definitely not a good move to sell now.
The spot paper gold price look scaring but well it is just paper gold. Nothing really had been sold since the contracts expired on JUNE!
So to speak, the decoupling of the physical and paper gold can go on for months. If someone really take physical delivery of gold and they cannot get the physical gold by June to cover their short sales, guess what will happened to gold price?
guess, some more, that exactly what all these goldbugs have been doing: guessing with leveraged money ...
like they say: fool me once, you are to blame ... fool me twice and the blame is on yourself ...
Forex Flash: Gold has peaked, beginnings of a new chapter - RBS
FXstreet.com (Barcelona) - Gold value evaporation from recent days should be seen as the beginning of a new chapter in gold, says Greg Gibbs, strategist at RBS, adding that "after the size of the fall in the past two days, we might expect a bounce, but the strategy now is to sell on rallies."
The fall in gold however does make sense, says Greg: "It makes sense because gold is priced in USD and the USD has been broadly strengthening. Not consistently against all currencies at the same time, but against most it is flat or up over the last six months and indeed over the last two years."
Lastly, the RBS strategist adds: "Global inflation may not be as bad as QE doomsayers expect, and for gold measured in USD it ultimately depends on whether you think the Fed will debase the USD. I personally do not. I expect them to end its QE if inflation rises too far and/or if unemployment falls towards their threshold. As such, gold, I think, has peaked..."
