Der artikel is leider auf englisch, aber diejenigen die ihn lesen können:
Was haltet ihr von seiner "KRITIK"? Sind die Gold-Analysten schuld oder wer? Er meint irgendwo "Greed & Fear" oder was geht mit ihm eigentlich ab??
What is gold’s one weakness?
By: David N. Vaughn, Gold Letter Inc
Are you surprised to hear a commentator admitting to a weakness within the gold market? Gold does have a major weakness, but this weakness is external & not really a fault of gold itself.
Let’s look objectively at gold right now.
Gold now is trading consistently in the 400 dollar range. And let’s be very honest here. If gold stayed within this range for the next 5 or 10 years this would be a high enough gold price for tons of money to be made in gold mining stocks.
But how many of us are really appreciative of gold’s present approximate 400 dollar price? Not many & do you know why? We have been trained by gold’s commentators & promoters that gold is going higher.
Is there an over emphasis by writers always harping on the expectation of a higher gold price? I think so & I know that with even myself it is a struggle sometimes to maintain a balanced approach when discussing the gold price.
Let me try to make this a little clearer.
When gold was under 300 our hope was for gold to break the 300 dollar barrier. And after 300 the next goal was 315 an ounce. And then 325 an ounce. Our cry here was for gold to climb further to 350, and then the next target became 375, 385 & 400. And eventually, even 430 an ounce was breached.
Now what has happened here?
We have trained ourselves to not only always expect a higher gold price but to also to never be satisfied with any gold price that gold has reached because by our definition gold must always be rising or are expectations become diminished.
When gold breached 430 an ounce it fell back to around 400 to consolidate & the entire gold investment world dropped their collective heads in despair & sorrow because gold’s Bull Run temporarily slowed down. So here we stand now with a strong gold price of over 400 an ounce. But until most gold investors see gold continue its rise beyond the new high of a little over 430 an ounce there will be little satisfaction.
Folks, give me a break!!!
Again, let me reinforce my statement that if gold never climbed higher than 430 an ounce that a lot of money would still be made in gold stocks & the market would be healthy. But we are geared now to always expect gold to climb ever higher. Gold must climb to 450 an ounce. And beyond 450 gold must break the 500 barrier but still there will be little satisfaction until we see 600 & then we must see 700, 800 & then on beyond 1,000 an ounce.
And yes, while I do personally believe gold will climb higher in price & break new records lets give gold a round of applause for what it has already accomplished.
Let’s not beat our heads against the wall because we do not wake up every day to find gold breaking a new record before lunch.
Now let’s examine the title of this article again, “Gold’s One Weakness”.
Gold’s one weakness is when gold writers, commentators & analysts put an over emphasis on the expectation of an always ever climbing higher gold price. If gold stayed within its present 400 dollar range for the next decade then gold mining stocks would still represent an excellent investment.
Let’s stop & smell & be appreciative of the roses that are presently blooming on the vine now. Gold is strong today & that is an established fact.
A 400 dollar consolidation range is nothing to sneer about. But do I believe gold is climbing higher? Yes, but that opinion must not alter the fact that the present environment we find gold in now is very strong & healthy.
