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1- Gold prices consolidated in 2012, was it expected to decrease in 2013?
2- Gold is mined, melted and turned into bars. Then they are secured in safe places. What is its practical use other than hopes, fears and show off?
It is used extensively in electronics and used in jewelry. I can't think of any other use right off the top of my head. But that electronics use is important.
I believe the flight to gold was driven by fear, some rational and some irrational. Even the irrational ones who were counting on a complete economic break down, brought on by FED policies, have likely pulled out after watching their portfolios get hammered while the equity markets continue to improve.
It's a temporary correction, to jump when there is more assurance from the Chinese government. It's down enough that it would be good to start buying on the downswing. It might go down a bit more, but you won't be caught buying in a rising market.
Gold is always a inflation hedge. Right now gold price does not seem to follow trend with the FED easing tho. The main buyer of gold for retail is in India and china but when it got high buying stopped greatly at the prices. In those countries its jewlery sold but also held like a currency.
If you think you know that, then you are either intentionally trying to decieve people or you are naive yourself.
NO ONE can predict short term movements....
No one can, but I can have my opinion of what that trend would be...that I provided evidence for having. I certainly didn't say I was predicting short term movements.
You can have any opinion you like. However, if you are accusing me of lying or being an idiot while dishonestly putting words in my mouth I didn't say...you best have all your **** together. All I see is an accusation with bubkis for evidence, just to be rude for the sake of being nasty.
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