Comments on: The Price of Gold: Could We See A Repeat of 1979 http://www.dailyreckoning.com.au/gold-price-2/2007/02/27/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 10:39:45 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Roert Cassidy http://www.dailyreckoning.com.au/gold-price-2/2007/02/27/comment-page-1/#comment-1746 Roert Cassidy Tue, 27 Feb 2007 11:20:34 +0000 http://www.dailyreckoning.com.au/gold-price-2/2007/02/27/#comment-1746 The laggard relative price of gold is understandable. The central banks are stuck with a multi trillion dollar horde of increasingly risky T-bond reserves . They slow the exchange value erosion by periodically "lending" gold to bullion banks - with instructions to DUMP - This clandestine practice has been effective -but will prove to be unsustainable ! The laggard relative price of
gold is understandable.
The central banks are stuck with a multi trillion dollar horde of increasingly risky T-bond reserves . They slow the exchange value erosion by periodically "lending" gold to bullion banks - with instructions to DUMP - This clandestine practice has been effective -but will prove to be unsustainable !

]]> By: Navin Sinha http://www.dailyreckoning.com.au/gold-price-2/2007/02/27/comment-page-1/#comment-1745 Navin Sinha Tue, 27 Feb 2007 11:19:54 +0000 http://www.dailyreckoning.com.au/gold-price-2/2007/02/27/#comment-1745 I do not feel that gold is going to cross 715 USD per ounce in this rally sing it hasent yet given a 50%retracenent level.As weare aware that before a market goes for some historic rally then enerally it gives atleast 50%retracement.So i would at least expect gold to come once to 475 level once and then peoceed for 1000$ rally which may be expected to be seen in January 2009.AS per 2007 is concerned i feel that gold will proceed for new highs at the end of the year and the ultimate high that we can expect this year is 7% more than the previous years high.This is because as per my study i am expecting the other metal family like Copper,Zinc,Aluminium,Nickel,Tin,Silver all to fall terrifically in 2007.Henceforth if these happens then there are chances that gold will be underpressure since this will effect the asian markets too which is expected to fall as per the downfall of copper which will be effecting the construction and the production sectors. Analysing the market with the help of gyan theory we can also see that the market has not yet given a 50%retracement and historically when the market went for this secondary rally then it first gave a retracement of 50% then proceeded for the historic high.The 50%retracement level is coming anyway below 475$. Visiualising these factors i feel that in the long term gold is extremely bullish but for a buy entry one should wait till the end of 2007. I do not feel that gold is going to cross 715 USD per ounce in this rally sing it hasent yet given a 50%retracenent level.As weare aware that before a market goes for some historic rally then enerally it gives atleast 50%retracement.So i would at least expect gold to come once to 475 level once and then peoceed for 1000$ rally which may be expected to be seen in January 2009.AS per 2007 is concerned i feel that gold will proceed for new highs at the end of the year and the ultimate high that we can expect this year is 7% more than the previous years high.This is because as per my study i am expecting the other metal family like Copper,Zinc,Aluminium,Nickel,Tin,Silver all to fall terrifically in 2007.Henceforth if these happens then there are chances that gold will be underpressure since this will effect the asian markets too which is expected to fall as per the downfall of copper which will be effecting the construction and the production sectors.
Analysing the market with the help of gyan theory we can also see that the market has not yet given a 50%retracement and historically when the market went for this secondary rally then it first gave a retracement of 50% then proceeded for the historic high.The 50%retracement level is coming anyway below 475$.

Visiualising these factors i feel that in the long term gold is extremely bullish but for a buy entry one should wait till the end of 2007.

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