« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Gold reversal & the reason offered by Dennis Gartman

By: Decomposed in ROUND | Recommend this post (0)
Thu, 04 Aug 11 9:00 PM | 73 view(s)
Boardmark this board | De's Test Board
Msg. 34265 of 45644
(This msg. is a reply to 34262 by clo)

Jump:
Jump to board:
Jump to msg. #

re: "Gold is speculative"

Whatever that means. Isn't everything speculative?

In finance, the most certain thing I know of is that the nation will continue to overspend. Consequently, the next most certain thing is that gold's appeal with the public will increase.




Avatar

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


- - - - -
View Replies (1) »



» You can also:
- - - - -
The above is a reply to the following message:
Gold reversal & the reason offered by Dennis Gartman
By: clo
in ROUND
Thu, 04 Aug 11 8:15 PM
Msg. 34262 of 45644

Dennis Gartman on CNBC said that margin rates will change/increase & that is what will create pressure on gold.
He thinks it could pull back from $50.00 to $100.00 in the near term. He would sell it here.
Gold is speculative, silver more so, since the public can buy it easily. clo


« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next