Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Goldman's 'gold is dead' call is perfect contrarian indicator, Ron Rosen says

IMG Auteur
Published : December 06th, 2012
61 words - Reading time : less than a minute
( 0 vote, 0/5 ) , 3 commentaries
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
3
comment
Our Newsletter...
FOLLOW : Gold
Category : Market Analysis

 

 

 

 

Financial letter writer Ron Rosen today tells King World News that Goldman Sachs' call for the end to the gold bull market is a perfect contrarian indicator. Rosen compares recent gold charts with charts from the gold bull market of the 1970s and sees great similarities. An excerpt from Rosen's interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/5_Ro...

 

 

<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
WebsiteSubscribe to his services
Comments closed
  All Favorites Best Rated  
Agree that's its good for rehabilitation too. Many Vietnamese can testify to that when they resettled in Singapore and Australia. If the gold price moves to $900, its very good news for Asian buyers. More physical will be bought and delivery will be required. Asians in general want the physical. They want to touch and hold. As it has been said many times on GATA; "if you cannot hold it, its not yours."
Tan is right. During partiton between India and Pakistan in 1947, it was only gold that we could manage to conceal and carry leaving our landed properties and farms behind. Gold was concealed in all possible nooks and corners of our physical self, especially women hid it in their hair and clothing. Some of us who got cornered bartered gold to save our lives. Gold also helped in rehabilitation and making a new beginning. Gold's low volume and high value came to the fore. The history of the human civilisation establishes the connect between mankind and gold.Many an empire fell because of it ( Timur invaded India 17 times) but gold still reigns supreme, only changing its masters.
Rate :   1  0Rating :   1
EmailPermalink
A lot of the new generation have got no memories of past history or knowledge of what's valuable in times of crises or wars. I lived in Singapore and remember stories of Japanese occupation, war in China and Vietnam. Only gold got them out to safety when all else fail. Vietnamese who escape the hardship of war n starvation had gold bars as medium of exchange. That's why Asians has a close affinity to precious metals.
Rate :   1  0Rating :   1
EmailPermalink
Latest comment posted for this article
Agree that's its good for rehabilitation too. Many Vietnamese can testify to that when they resettled in Singapore and Australia. If the gold price moves to $900, its very good news for Asian buyers. More physical will be bought and delivery will be requ  Read more
William Tan - 12/10/2012 at 6:15 AM GMT
Top articles
Latest Comments
Fed Balance Sheet Unwinding Expected “Relatively Soon”: Let the Deb...
00:42Doom-1
Also, the poor will be getting a huge shipment of free government cheese, fresh from the moon.
Guess What Happens In States Where Food Stamp Recipients Have To Work
25 JulJ.-1
@ Recusant, Your last sentence hints at the root problem - socialism has made (low wage) work illegal in this country. To provide a low p...
Supply Side Economics – 42 Years Later – Paul Craig Roberts
23 JulDoom-2
Lots and lots of things aren't in wikipedia, because they don't fit the Leftist narrative, and many entries have an extraordinarily biased presenta...
Meow
21 JulDoom0
>>For all his blunders and stumbles...<< To be fair, all presidents blunder and stumble like this. This is just the first in a long while ...
The Gold Industry is in a Deep State of Dysfunction, Delusion and D...
21 Julkevthorne1
Just hold on to it - you will win. A cautionary tale: I wish, back in the early 90's, when I took out a pension - it was "cast iron, copper...
The Gold Industry is in a Deep State of Dysfunction, Delusion and D...
20 JulDRGEORGE
Yep, hard to argue with any of that. But this poor, disillusioned, confused, swindled, isolated, powerless, 'smart'(HUH) precious metal owner has n...
This Feels Like the Action in 2008 Right Before the Collapse - Dave...
18 JulThe Recusant
Will we witness a battle-royale between the CBs and traders shortly?
Guess What Happens In States Where Food Stamp Recipients Have To Work
18 JulThe Recusant0
As a left-leaning independent, community service seems like a great idea as a prerequisite for food stamps for single childless recipients. But, as...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS