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Is the gold run over? Is the gold run over?

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Old 09-15-2006, 01:30 PM
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Is the gold run over?
Gold is down to $578/oz from a high of $725 about 4 months ago. Is the gold run over?
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Old 09-15-2006, 04:01 PM
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Default Re: Is the gold run over?
The run up or the run down?
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Old 09-15-2006, 07:23 PM
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Default Re: Is the gold run over?
The run up. I believe gold is priced ridiculously high.
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Old 09-16-2006, 05:57 PM
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Default Re: Is the gold run over?
I think the run up is over. Gold is an inflation hedge and inflation isn't bad right now. That said, I think owning gold and precious metals interests is a good idea as a small portion, perhaps 5%, of a well-diversified portfolio.
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Old 09-16-2006, 08:04 PM
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Default Re: Is the gold run over?
I don't think the run up is anywhere near over. Now is a great time to buy, IMHO. In an Elliott Wave analysis the price might drop to the low $500s before taking off again.

Inflation-adjusted the price of gold would have to be north of $1400/ounce to top its high in the early 1980s. By that standard, gold is still cheap.
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Old 09-17-2006, 07:13 AM
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Default Re: Is the gold run over?
Quote:
Originally Posted by mbhunter
Inflation-adjusted the price of gold would have to be north of $1400/ounce to top its high in the early 1980s. By that standard, gold is still cheap.
But in the early 80s, we had double digit inflation. If we see that again, then yes, gold probably will shoot up as a hedge. But if inflation remains modest, I'm not sure the economic pressure to elevate gold prices exists.

Again, I'm not arguing against owning gold interests. I think you should. I'm just not sure that prices will be skyrocketing any time soon.
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Old 09-19-2006, 09:35 AM
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Default Re: Is the gold run over?
how are you checking the price of gold??? what website or guru?
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Old 09-19-2006, 04:11 PM
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Default Re: Is the gold run over?
Quote:
Originally Posted by markio26
how are you checking the price of gold??? what website or guru?
http://www.kitco.com/market/
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Old 11-29-2007, 12:06 PM
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The Gold Run is not over.

The housing market seems to be though
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Old 11-29-2007, 12:09 PM
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Yeah, what a difference a year can make. Could go higher still if the Fed cuts rates again... We'll see.

I like the picture.
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Old 11-29-2007, 12:52 PM
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Haha, yeah, I was just going to say, nice pic.
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Old 11-29-2007, 01:13 PM
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The pic seems apt, because you see the Gold Prospectors narrowly escaping the doom of a house falling from a precipice (ironic use of a security symbol). It's from, of course, the 1925 film "The Gold Rush." I'm surprised I don't see this pic on Daily Reckoning, or Calculated Risk blogs, for all its aptness.
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Old 11-29-2007, 02:52 PM
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I wouldn't sell Gold but I may buy it for a long term hold and dollar cost average a bit. I will with my silver.
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