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Time to Worry?

  • 28-09-2013 5:11am
    #1
    FISMA
    Closed Accounts Posts: 2,616 ✭✭✭


    Is it time to worry again? I am thinking of getting back in to the GLD after more than a year haitus.

    Correct me if I am wrong, here's my logic.

    Bernanke, the Fed Head, is retiring at the end of the year, correct?

    I doubt he'll taper QE before he leaves, why ruin a legacy? Pass the buck, let the new guy deal with it.

    After 5 years of pumping tens of billions a month in to Wall Street, one must wonder: how long can this be sustained and why is the market still not strong enough to taper?

    At this point, continuing QE may be more dangerous than stopping it.

    I believe that soon - six months, (cannot see it taking a year, the US is going to have to announce some sort of tapering.

    When they do, there is going to be a rush to gold (GLD) and we'll test 2K.

    Whether we are seeing the early birds this week still remains to be seen. I suppose buyers at this point are a bit early for Christmas and late for the Indian marrying season.

    Just my $0.02.


Comments

  • #2
    Emperor1989
    Registered Users, Registered Users 2 Posts: 924 ✭✭✭Emperor1989


    Yeah it can't go on in the long term.

    Some gold hedge funds showed a 12% gain in the month prior to Big Ben's decision as most believed he would have to taper off.

    They will have to slow it down sooner rather than later...Stocks are overpriced at the moment as a result.

    Gold should experience a rush now of up to 25% most funds are nearly 50% down on the year.


  • #3
    bke
    Registered Users, Registered Users 2 Posts: 25 ✭bke


    Indices may be overpriced but stocks are driven by earnings, and some aren't doing to bad.


  • #4
    simongurnick
    Registered Users, Registered Users 2 Posts: 1,919 ✭✭✭simongurnick


    Emperor1989 wrote: »
    Yeah it can't go on in the long term.

    Some gold hedge funds showed a 12% gain in the month prior to Big Ben's decision as most believed he would have to taper off.

    They will have to slow it down sooner rather than later...Stocks are overpriced at the moment as a result.

    Gold should experience a rush now of up to 25% most funds are nearly 50% down on the year.


    Although the S&P is up over 300 points!? Any fund manager down 50% this year should be taken out and shot.


  • #5
    muck_raker
    Banned (with Prison Access) Posts: 17 ✭muck_raker


    bke wrote: »
    Indices may be overpriced but stocks are driven by earnings, and some aren't doing to bad.


    not nesscesserily , political and economic events , domestic and global sink and rise all stocks , at least in the short term


  • #6
    muck_raker
    Banned (with Prison Access) Posts: 17 ✭muck_raker


    simongurnick wrote: »
    [/B]

    Although the S&P is up over 300 points!? Any fund manager down 50% this year should be taken out and shot.


    four out of five fund manager fails to beat the S+P each year , anyone who pays 2% or more to a financial house is mad in the head when you can buy the likes of the s+p like a stock and which has an annual fee with vanguard of .05%


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