Gold was also weighed down by fresh comments from billionaire financier George Soros. In an exclusive interview on Sep. 15 with Thompson Reuters (clip below), Soros says that gold is the ”ultimate bubble,’ and that ”this is a period of great uncertainty so nothing is very safe.”
“[In a deflationary environment], Gold is the only actual bull market currently. It just made a new high yesterday. In the present circumstances that may continue. It will be very interesting to see if there is a decline in the next few weeks because practically everything that makes a new high almost immediately afterwards reverses and disappoints.”
“I called gold the ultimate bubble which means it may go higher but it’s certainly not safe and it’s not going to last forever.”
Soros first made the “ultimate bubble” comment on gold back in January at the World Economic Forum in Davos, Switzerland. However, his hedge fund–Soros Fund Management LLC–still held 5.24 million shares of the SPDR Gold Trust (GLD: 124.68 +0.05 +0.04%), a stake worth about $650 million, and equity holdings in miners of gold and other minerals worth almost $250 million as of June 30. Soros was the third-largest fund in the Gold Trust ETF at the end of the second quarter.
So, it seems Mr. Soros still sees upside in gold, but was warning of the metal’s volatility instead of a bubble burst. Fundamentally, the current global macro environment–prospect of a synchronized slowing growth coupled with ongoing financial turmoil– and supply/demand are quite supportive of gold.
From a technical standpoint (see chart), $1,300 range looks to be the next resistance with support at around $1,255. http://www.dailymarkets.com/stock/2010/09/16/billionaire-george-soros-gold-may-go-higher-but-its-certainly-not-safe/
銀價和澳元跟住上 !
2 則留言:
Gold was also weighed down by fresh comments from billionaire financier George Soros. In an exclusive interview on Sep. 15 with Thompson Reuters (clip below), Soros says that gold is the ”ultimate bubble,’ and that ”this is a period of great uncertainty so nothing is very safe.”
“[In a deflationary environment], Gold is the only actual bull market currently. It just made a new high yesterday. In the present circumstances that may continue. It will be very interesting to see if there is a decline in the next few weeks because practically everything that makes a new high almost immediately afterwards reverses and disappoints.”
“I called gold the ultimate bubble which means it may go higher but it’s certainly not safe and it’s not going to last forever.”
Soros first made the “ultimate bubble” comment on gold back in January at the World Economic Forum in Davos, Switzerland. However, his hedge fund–Soros Fund Management LLC–still held 5.24 million shares of the SPDR Gold Trust (GLD: 124.68 +0.05 +0.04%), a stake worth about $650 million, and equity holdings in miners of gold and other minerals worth almost $250 million as of June 30. Soros was the third-largest fund in the Gold Trust ETF at the end of the second quarter.
So, it seems Mr. Soros still sees upside in gold, but was warning of the metal’s volatility instead of a bubble burst. Fundamentally, the current global macro environment–prospect of a synchronized slowing growth coupled with ongoing financial turmoil– and supply/demand are quite supportive of gold.
From a technical standpoint (see chart), $1,300 range looks to be the next resistance with support at around $1,255.
http://www.dailymarkets.com/stock/2010/09/16/billionaire-george-soros-gold-may-go-higher-but-its-certainly-not-safe/
我聽過索羅斯狂擊英鎊的故事 !
當時好多人都知索羅斯沽咗好多英鎊, 所以當他向銀行問價時, D 銀行以為佢想平倉, 所以開高個價, 點知真中下懷, 佢又可以在高位沽過, 至到英倫銀行投降把英鎊貶值, 佢打咗漂亮的一仗 !
所以呢次炒金, 我好想信佢想推高金價, 間中嚇下你地, 等你地沽個價落去, 佢又可以在低位買過 ! 所以等睇好戲吧 !
不過真係又無樣投資是百分百安全的, 如果你 get 到呢個知慧, 你才是真正的投者人 !
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