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
A North Korean EMP Attack Can Create 90+ Fukushimas in the U.S.
12 DecThe Recusant1
Setting aside the sensationalist fearmongering of the article, the fact is that the NRC requires U.S. nuclear power plants to be able to shut down ...
Six Ways US Stocks Most Overvalued in History
12 DecThe Recusant
The problem with the current massive indebtedness of countries is that the central banks are now creating fantasy currency to accommodate the finan...
The Flat Earth Society Responded To A Tweet By Elon Musk: ‘Thanks F...
11 DecS W.-1
Thanks for letting me state my opinion! Your comment is insulting. Try as I might I am yet to find any scientific evidence of AGW or the e...
Peter Schiff Warns Of CRASH: ‘Everybody Is Going To Get Wiped Out!’
08 DecThe Recusant
"Schiff also said no one knows when this is going to happen for sure, only that it will happen." Peter has been warning of the next crash for years...
Meet The World’s Most Powerful Bitcoin Backers
07 Decsonora69
Why run a business or work for one when you can mine bitcoins for the price of the servers and electricity? The higher the price of bitcoin, the mo...
What Now?
04 DecDoom
Mathematically, doubling down is an amazingly powerful strategy...until it isn't. http://professorconfess.blogspot.com/2017/11/doubling-do...
The Flat Earth Society Responded To A Tweet By Elon Musk: ‘Thanks F...
03 DecS W.
I put the Flat Earthers in the same category as those who believe there is a God, a Heaven and a Hell.
Whipping-Post Politics
02 DecMr. Gnawbone1
I couldn't agree more, Keillor's dismissal was a bridge too far, but it is reflective of the fear, by Boards of Directors across the US, guiding ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS