tag:blogger.com,1999:blog-816559531110064247.post3052319082176257203..comments2024-03-08T01:03:44.522-08:00Comments on Humble Student of the Markets: A bottom for gold and gold stocks?Cam Hui, CFAhttp://www.blogger.com/profile/09672203690656029787noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-816559531110064247.post-38042821181980340692012-05-07T20:06:38.492-07:002012-05-07T20:06:38.492-07:00Another aspect is that apart from the Eurozone, al...Another aspect is that apart from the Eurozone, all the major global economies more than 70% of GDP are in various stages of recovery or bottomming out. If that's the case, then the charm of gold could vanish very soon. Check this out<br /><br />US<br />Slow, but steady and consistent recovery - far better than expected<br /><br />China<br />Sharp slide stopped. Bottoming happening.<br /><br />Japan<br />Steady recovery - got over Fukushima<br /><br />These three are nearly half the world's GDP - and they are doing pretty fine<br /><br />UK, Germany, Italy and France are a concerns - but they comprise just 15% of the world GDP<br /><br />And if you go down the list to coutries like India, Russia, Brazil, Korea, Canada, Turkey, Taiwan, Hongkong - all of them are in various stage of bottoming out or recovery.Amar Harolikarhttps://www.blogger.com/profile/01385164336335795215noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-48325273931725938892012-05-07T19:49:02.102-07:002012-05-07T19:49:02.102-07:00Hi Hui,
My sense is that we could possibly be loo...Hi Hui,<br /><br />My sense is that we could possibly be looking at a far larger correction in gold. <br /><br />I am planning to do an analysis on this aspect. Your observations have been very insightful and give a unique perespective that I was not aware of.<br /><br />However, the warning bell for me is the fact that Gold has pretty much remained in a trading zone for the past nearly one year, inspite of major negative flows from Eurozone.That seems like a major bearish divergence<br /><br />It is likely that all the major players are already long and are now looking to start offloading their holdings of past few years. There is a possibility of a double top getting formed that could help the larger players exit.<br /><br />Regards<br />AmarAmar Harolikarhttps://www.blogger.com/profile/01385164336335795215noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-68617441309668883232012-05-07T07:18:18.566-07:002012-05-07T07:18:18.566-07:00Thanks for your thoughts on gold and silver here. ...Thanks for your thoughts on gold and silver here. This is the first dedicated analysis of the subject I've seen from you and with your excellent timing track record over the years, I intend to watch these developments VERY closely now.FGHhttps://www.blogger.com/profile/07732904118916982468noreply@blogger.com