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

 

 

 

 

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 :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
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 $900, its very good news for Asian buyers. More physical will be bought and delivery will be requ  Read more
William Tan - 12/10/2012 at 6:15 AM GMT
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Get Investor Information
Minaurum GoldSilverCrest Mines
Select
& click
Mining Company News
Alpha Natural Res.(Coal)ANR
1:00 pm Alpha Natural Resources announces the expected idling of the mining and processing operations at its Rockspring Development's Camp Creek Underground Mine and Plant in West Virginia
US$ 0.66-1.49%Trend Power :
Corporate news
Eldorado Gold(Au-Fe)ELD.TO
Eldorado Gold Announces Renewal of Normal Course Issuer Bid
CA$ 6.06+1.85%Trend Power :
Corporate news
Eldorado Gold(Au-Fe)ELD.TO
Announces Renewal of Normal Course Issuer Bid
CA$ 6.06+1.85%Trend Power :
Corporate news
TechnipTEC.PA
Technip: Results of the Option to Receive the Dividend Payment for Financial Year 2014 in Shares
€UR 62.10-0.77%Trend Power :
Corporate news
Anglo Asian Mining(Au-Cu)AAZ.L
Director Loan
GBX 5.63-4.25%Trend Power :
Corporate news
OutokumpuOUTA.F
Outokumpu’s stainless steel fuel tank wins ISSF New Applications Award
€UR 5.28-1.27%Trend Power :
Corporate news
OutokumpuOUTA.F
Outokumpu CEO Mika Seitovirta elected the Chairman of ISSF
€UR 5.28-1.27%Trend Power :
Corporate news
Atlas Iron(Fe)AGO.AX
Atlas Signs Royalty Relief Deed with State Governm
AU$ 0.12+0.00%Trend Power :
Corporate news
Fortescue Metals(Fe)FMG.AX
Lapse of unlisted options
AU$ 2.11-0.47%Trend Power :
Corporate news
Cue Energy Res.CUE.AX
MR7A Production - Maari Growth Project
AU$ 0.09+0.00%Trend Power :
Corporate news
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