Many bought gold to defense increased of fiat money supply by QE. As QE tapering is imminent, does it mean gold price will drop further?

This post has been edited by icemanfx: Aug 22 2013, 03:21 PM

End of QE means rise of interest rate, will make holding gold even more unattractive.

Guess buying gold is becoming a defensive instrument for RM. Fearing more outflow of forex, who know like India, the gomen may impose import duty on gold in next budget?

Like war on Libya, war on Syria is likely will be limited and short.

Sure or not?

Time to buy or sell?

As if war on Syria will never end

Most punters buy when price go up, sell when price drop

Are you trying to sell your gold? else may be you like to justify for your finding.

If gold price is as predictable, millions of millionaires would have created every year.

Many people are addicted to QE and can't have enough of it.

At the beginning of QE, gold hoarders believe the end of fiat money was in sight and now believe tapering will bring the end of economy

A few months ago, people who predict this would have labeled "no confidence" or "lack of self confidence" by some fellow forumer. Guess the market mood has shifted.

If one started accumulation from late 2010, may need a very long term to breakeven unless the world economy is destabilized.

This post has been edited by icemanfx: Sep 14 2013, 05:19 PM

Current gold price in INR is equivalent to about US$1,700/oz or Jan 2013 level; instead of buying gold, it make more economical sense for Indians to sell.

Believe it can be deduced that physical bar and coin are bought by retail investors; ETF's demand determine price movement.

Gold may drop below $1,000 for the first time since October 2009 as the Fed withdraws stimulus and the economy improves, Jeffrey Currie, Goldman’s head of commodities research, said in a Bloomberg Television interview Sept. 13. Currie issued a sell recommendation for bullion on April 10, before prices plunged 13 percent in a two-session slump ended April 15 that sent the metal into a bear market.

http://www.bloomberg.com/news/2013-09-15/g...ommodities.html

No difference from rolling a dice at casino.

This post has been edited by icemanfx: Oct 2 2013, 11:36 PM