Comments on: What Does Gold Hedge Against?

By: Niall O'Connor

Niall O'Connor — Thu, 18 Feb 2010 09:27:42 +0000

“Gold Futures continued to fall this morning after the IMF said that it would begin selling metal reserves on the open market. This move took many of the so called technical analysts by surprise, as their charts had indicated a pick up in volume and a bounce in the metal’s price. It was also rumoured that a leading Gold Bear had opened a big short position in the metal.”

By: Jason Ruspini

Jason Ruspini — Wed, 17 Feb 2010 00:06:59 +0000

“Getting closer with gold though.. Many buyers near 1050″

Apparently so:
http://futuresource.quote.com/charts/charts.jsp?s=GC&o=&a=D&z=650×450&d=medium&b=bar&st=

By: Jason Ruspini

Jason Ruspini — Thu, 04 Feb 2010 17:43:16 +0000

Did I not say:
“have remained pretty net flat-to-short”

Have my short-term comments not been on the bearish side since the day the drop began in December?

By: Niall O'Connor

Niall O'Connor — Thu, 04 Feb 2010 16:34:14 +0000

“my bias is still long gold”

Hmmm, are you dead yet???

By: Chris F. Masse

Chris F. Masse — Thu, 04 Feb 2010 16:03:44 +0000

WHAT JUST HAPPENED WITH GOLD?
http://www.businessinsider.com/what-just-happened-with-gold-2010-2

By: Jason Ruspini

Jason Ruspini — Thu, 04 Feb 2010 00:47:11 +0000

Yes but more carbon dioxide means higher not lower temperatures, so it’s one of those cases where I would put less weight on historical data.

By the way, with gold, I am more worried about longer-term inflation implicit in debt/entitlements than a shorter-term monetization of bank reserves, although most gold bulls like to trot out the latter hockey stick chart.

Also, from a real returns perspective, Eddie’s second chart here looks like a normalized inverse of gold from the late ’60s on, when its price was floated.

http://www.crossingwallstreet.com/archives/2010/02/the_very_long_v.html

By: Caveat Bettor

Caveat Bettor — Wed, 03 Feb 2010 19:15:26 +0000

I’m a gold skeptic, as well as a global warming skeptic. On the latter, try starting the argument for global cooling up to 600 million years ago*.

*http://www.geocraft.com/WVFossils/Carboniferous_climate.html

By: Jason Ruspini

Jason Ruspini — Mon, 01 Feb 2010 01:57:59 +0000

Those puts were a loss, but have remained pretty net flat-to-short Ways of getting long yuan like CYB are more interesting to me right now than gold. Volatility has been a lot more interesting lately.

Getting closer with gold though.. Many buyers near 1050, but if that level breaks it’s not necessarily the end of the world.

Then again, vigilance seems likely to heat up at some point.

By: Niall O'Connor

Niall O'Connor — Sun, 31 Jan 2010 23:01:44 +0000

Jason

I recall that you said that you were going to trade January Gold? How did you get on with this trade?