A thread for all those who wish to discuss GOLD - the investment of and related discussions that can effect GOLD as an investment or simply how to invest in it. All welcome from other websites.

Indeed squirrel, but where have all the punters gone?

Not just here, the other side is knackered too!

Good. Maybe we enter a new phase of real investors.

Like - really rich ones ;-)

DeutscheBank comment today:
"The market response to the publication of the FOMC minutes, and to statements by Fed Chairman Bernanke, saw gold not only overtake our key bullish trigger point, but saw it run almost immediately to the initial target just short of $1300. The latest guidance from the US central bank suggested some considerable polarisation between members of the FOMC about the pace and start date of tapering. If the polarisation is along voting lines – voting members more dovish than non-voters – as some commentators have already mooted, then markets may have overestimated the likelihood of reduced asset purchases starting already in September. Chairman Bernanke’s statement also downplayed the recent US jobs numbers, which he said over-flattered the employment situation, and expressed some concern about the low level of inflation. The Fed is falling short on both its targets, he conceded, and this ought to imply more accommodative policy. So the Fed has re-confirmed that, like every other major central bank in the world, it will maintain its low-rate policy for an extended period. The timing and pace of any tapering has also been pushed back. The boost to the gold price in response to the prospect of more printed money has to be tempered by the recognition that other asset prices might rise too. Over the first half of the year, much of the discontent in the gold market came from investors who saw stock market returns massively outpace those in the precious metal. Nonetheless, we do see the prospect of further gold price gains now to 1332.00 and then to 1350.00 (tougher supply). To the downside, we see the 1257.00/64.00 zone as representing very robust demand."

GATA's Bill Murphy on the Manipulated Gold Drop: 2 minutes in.

http://www.youtube.com/watch?feature=player_embedded&v=5bNppj3_QXI