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GOLD rally in AUGUST again?!

Posted 07-16-2009 at 06:29 PM by jaro [Show Appreciation] What's This?
Updated 12-31-2012 at 07:41 PM by jaro (update at the end of the year 2012)

august 2001, august 2003, august 2005, august 2007, AUGUST 2009 (!!!), august 2010 was just crazy, AUGUST 2011 (OMG!), august 2012 quite fine (but only till october), ...
will gold rally EVERY AUGUST?

hell, that would be soooooo great for my gold + silver + energy + commodity stocks based portfolio
well, we will discover that soooon

btw, what's your opinion?

take share ,
jaro

ps: how much was 1 oz gold in USD?
  • july 17, 2009 = $935.0 ........... today
  • dec 31, 2009 = $1,096.5 => +25% in 2009, the largest gain in 30 years (according to GATA's newsletter, i'm too lazy/stupid to check/compute it myself)
  • dec 31, 2010 = 1,420.74 => +29.57%
  • dec 31, 2011 = 1,564.51 => +11.3% (according 2 my brokers website, i'm still too lazy/stupid to get it myself ;-)
  • dec 31, 2012 = 1,675.40 => +7.09%
  • dec 31, 2013 = ??? btw, will the poor dollar still exist by the end of 2013? whats your bet?
  • ...
addendum 12-31-2009: what abt recapitulation at the end of the year?
yep, gold rallied a lot in fall & winter and it has reached a new all-time-high at $1,226 on december, 3rd ... well, after that it fell a little bit and closed the year 17.27% higher than in july at $1,096.5 (~spot price @ kitco.com, btw, all 6 websites i looked for the closing price had slightly different quotes => crazy!). anyway, the fundamentals for gold have improved since then (more paper money out there, decreasing gold production (peak gold!), increasing (investment) demand, central banks are buyer on balance, etc.) => therefore let's enjoy the GOLDEN RALLY in 2010 as well

of course, do not forget the SILVER!


source: www.goldalert.com/_layouts/images/gold_bars.jpg

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Total Comments 27

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  1. Old Comment
    Simit Patel's Avatar
    jaro, you think gold rallies in august for seasonal/cyclical reasons? any particular fundamental cause you think?

    of course i am still a gold bug...not sure if it will rally in august, but i think we will see a big rally by end of year....also, COMEX is looking to change rules so that futures can deliver GLD ETFs instead of actual bullion upon delivery. so i think physical delivery is becoming more important.
    permalink
    Posted 07-17-2009 at 09:11 AM by Simit Patel Simit Patel is online now [Show Appreciation] What's This?
  2. Old Comment
    jaro's Avatar
    ... the most often mentioned seasonal reason for gold is prolly the wedding season in india, who (which?) is the major consumer of physical gold worldwide, i think ... but there is for sure every year a wedding season in india, isn't it?

    but why did gold/silver rally just in years with odd numbers and not in even years? that will prolly forever stay mr. market's secret ... unless someone finds out some major relationship to the moon calendar or the like

    good luck,
    j.
    permalink
    Posted 07-17-2009 at 11:29 AM by jaro jaro is offline [Show Appreciation] What's This?
  3. Old Comment
    jaro's Avatar

    gold bullion?

    hi simit,

    by following your link i came to another gold bullion discussion (5 min) ... will gold replace the usd as the next reserve currency?... and much more ...

    well, for my taste was that MaxKeiserTV too emotional, but there will be a lot of truth there i think

    YouTube - Max Keiser takes offense to Goldman Sachs oligarchy (pt2 of 2)

    j.
    permalink
    Posted 07-17-2009 at 07:44 PM by jaro jaro is offline [Show Appreciation] What's This?
  4. Old Comment
    Wow that Max guy is a complete idiot
    - joked about taking a jewish concentration camp public
    - said it was too bad more bankers were not killed in 9/11

    The biggest problem with the gold as a currency thesis - Mexico has more gold in the ground than France, Germany ,Japan and numerous other countries
    Would Mexico all of the sudden be a richer more economicaly stable country ?
    I believe Venezueka would then have more wealth than Japan , France, Germany etc etc
    The gold as a factor in reserve currency idea is at best idiotic
    permalink
    Posted 07-19-2009 at 10:19 PM by DMD DMD is offline [Show Appreciation] What's This?
  5. Old Comment
    jaro's Avatar
    hi dmd, hi all ,

    well, even if a launch of a new gold backed currency wouldn't be easy, i still believe we will see it soon. why? if people lose all confidence in their paper dollars, €uros, yens, etc. they will ask for s.th. more stable and at least s.th. what would be convertible in real assets/value at any time. well, that's the point where gold, silver, oil, wheat or the like come into the game, isn't it? gold/silver are the currency of market's choice over thousands of years, so i believe it is very likely they will come back again as the fiat money game is over ...

    how could the name of the new (precious metals backed) currency sound like? rubel, gulf dinar, yuan? please do not laugh to loud about me, i do think the new name is the old name: USD! no, i'm not completely crazy because of too much sun, caipirinha or both, but i think there are at least 2 good reasons to believe it:
    • 1st - the u.s. government and its small dirty lackeys IMF & world bank own (and prolly also possess!) the most gold bullion on planet earth. i think they possess even much more, e.g. the major parts of world's 2nd biggest gold bullion holder germany is 'stored' in new york :-(. what about gold-ETFs? many of them also hold their gold (bullion?) in the usa ... and there is also world's strongest military force there ... it's toooooooo much to be just a coincidence of fortune :-((
    • 2nd - there is already a 1 oz gold 'buffalo' coin valued at $50 and a 1 oz silver 'eagle' coin valued at $1 out there! of course, it will be the convertible price in new dollars, not in today's dollars ... btw, at what price in current dollars should/could that monetary reform happen? according to one of europe's crash prophets (i think he already predicted the 1987 crash successfully) johann saiger (austria) is $5,000 the perfect label to do that, they have just to delete two zeros then

    ps: mexico? i think the mexicans will sell their gold/silver to other countries in order to buy groceries, industrial products etc. and they will not keep all their wealth (gold + silver) ...

    pps: what a (holy)day 4 gold bugs today! gold +1.3%, silver +1.6%, XAU 2.8%, my portfolio +3.3%, HUI 3.5%

    thx goodness, i didn’t wait till august and bought all my ‘stuff’ before
    permalink
    Posted 07-20-2009 at 12:09 PM by jaro jaro is offline [Show Appreciation] What's This?
  6. Old Comment
    Hi I meant gold in the ground if it or any other base metal became anything to do with a reserve currency the countries with the most resources would obviously have an advantage .
    I have a few about to become gold producers on my watch list and am contemplating accumulation , but from experience at any given second something can alter the price of gold
    I don't see a replacement for a reserve currency anytime soon, and would bet my last dollar USD lol that it will not be a base metal
    permalink
    Posted 07-21-2009 at 11:23 PM by DMD DMD is offline [Show Appreciation] What's This?
  7. Old Comment
    Simit Patel's Avatar
    hey jaro,

    i agree with your point about how the ownership of gold is highly concentrated -- that is actually what concerns me about a gold standard. if i owned all the gold in the world, i would be very delighted if the world returned to a gold standard.
    permalink
    Posted 07-22-2009 at 06:45 AM by Simit Patel Simit Patel is online now [Show Appreciation] What's This?
  8. Old Comment
    jaro's Avatar
    damn! that was a baaaaaad day 4 gold/silver today :-(
    permalink
    Posted 08-10-2009 at 06:45 PM by jaro jaro is offline [Show Appreciation] What's This?
  9. Old Comment
    Ektrader's Avatar
    If your long term out look is positive. These past few days shouldn't rattle you. If anything, they are buy opportunities.

    Ektrader
    permalink
    Posted 08-10-2009 at 11:02 PM by Ektrader Ektrader is offline [Show Appreciation] What's This?
  10. Old Comment
    jaro's Avatar

    ALL-TIME-HIGH in GOLD :-)

    $1,044 => ALL-TIME-HIGH in GOLD price => good-bye fiat money! good-bye corrupt governments! good-bye small dirty central banks! GO, GOLD BUGS, GO !!!
    permalink
    Posted 10-06-2009 at 05:56 PM by jaro jaro is offline [Show Appreciation] What's This?
  11. Old Comment
    jaro's Avatar
    addendum 12-31-2009: what abt recapitulation at the end of the year?
    yep, gold rallied a lot in fall & winter and it has reached a new all-time-high at $1,226 on december, 3rd ... well, after that it fell a little bit and closed the year 17.27% higher than in july at $1,096.5 (~spot price @ kitco.com, btw, all 6 websites i looked for the closing price had slightly different quotes => crazy!). anyway, the fundamentals for gold have improved since then (more paper money out there, decreasing gold production (peak gold!), increasing (investment) demand, central banks are buyer on balance, etc.) => therefore let's enjoy the GOLDEN RALLY in 2010 as well ... and of course, do not forget the SILVER!

    btw, gold's 2009 gain is 25%, largest in 30 years (according GATA's newsletter, i'm too lazy/stupid to check/compute it myself )
    permalink
    Posted 12-31-2009 at 05:55 PM by jaro jaro is offline [Show Appreciation] What's This?
  12. Old Comment
    Ektrader's Avatar
    Quote:
    Originally Posted by jaro g. View Comment
    addendum 12-31-2009: what abt recapitulation at the end of the year?
    yep, gold rallied a lot in fall & winter and it has reached a new all-time-high at $1,226 on december, 3rd ... well, after that it fell a little bit and closed the year 17.27% higher than in july at $1,096.5 (~spot price @ kitco.com, btw, all 6 websites i looked for the closing price had slightly different quotes => crazy!). anyway, the fundamentals for gold have improved since then (more paper money out there, decreasing gold production (peak gold!), increasing (investment) demand, central banks are buyer on balance, etc.) => therefore let's enjoy the GOLDEN RALLY in 2010 as well ... and of course, do not forget the SILVER!
    Quote:
    anyway, the fundamentals for gold have improved
    Oh really!!

    Quote:
    increasing (investment) demand
    I need to see it on the chart first. That'll tell me if theres increasing demand. Lately it's been getting shunned like an unwanted pet. The good news is, It should at least re-test 1225. Then we'll see if it can break through all of the supply sitting there waiting for you. Trapped traders never forget!!.

    l
    Quote:
    et's enjoy the GOLDEN RALLY in 2010 as well ... and of course, do not forget the SILVER!
    [/QUOTE]

    Good Luck!!

    Ektrader
    permalink
    Posted 12-31-2009 at 07:52 PM by Ektrader Ektrader is offline [Show Appreciation] What's This?
  13. Old Comment
    jaro's Avatar
    thx, Ektrader


    ... like an unwanted pet? ... lol ... yeeeah, it was (and still is) a hard time for gold bugs, indeed ...
    permalink
    Posted 12-31-2009 at 08:29 PM by jaro jaro is offline [Show Appreciation] What's This?
  14. Old Comment
    jaro's Avatar
    its august and gold is breaking-out on the UPSIDE again

    im telling u just in case u didnt mention that gold reached its new weekly/monthly high @ $1,219.7 (my trading platform told me!)

    btw, ive just decided NOT 2 spend money on gold&silver call options and invest in some of my gold&silver explorer/junior producer companies instead ... why? IMO there is a much better risk-reward-ratio :-) ... good n8 ...
    permalink
    Posted 08-15-2010 at 07:34 PM by jaro jaro is offline [Show Appreciation] What's This?
  15. Old Comment
    jaro's Avatar
    gold above $1,300 for the very 1st time ... did i told u i like augusts and septembers a lot?

    permalink
    Posted 09-24-2010 at 12:48 PM by jaro jaro is offline [Show Appreciation] What's This?
  16. Old Comment
    jaro's Avatar
    dec 31, 2010 => 1 oz of gold = $1,420.74 => +29.57% in 2010 ... pls dont ask me abt silver ... my calculator wouldnt alow me to put the numbers in ... just to rescue me from mere mania

    gold in 2010 (onvista) http://www.informedtrades.com/blogs/ja... on Twitpic

    btw, are there still folks out there who speak abt DEflation?
    permalink
    Posted 01-01-2011 at 01:28 PM by jaro jaro is offline [Show Appreciation] What's This?
  17. Old Comment
    jaro's Avatar
    it is AUGUST again ...
    ... gold above $1,713 per ounce and +3% today! ... my mining stocks still 20-30% down from their april highs ... and on balance even today down ... go gold bugs go, anyway
    permalink
    Posted 08-08-2011 at 02:06 PM by jaro jaro is offline [Show Appreciation] What's This?
  18. Old Comment
    jaro's Avatar
    its august, my dear ... im telling ya just in case u didnt look at the gold price for some time ... $1,791 per ounce ...

    go gold bugs go and lets CRASH the phony fiat money system NOW
    permalink
    Posted 08-10-2011 at 11:00 AM by jaro jaro is offline [Show Appreciation] What's This?
  19. Old Comment
    jaro's Avatar
    gold $1,909 ... yabbadabbadoooo!

    a screenshot?

    baaaang!

    we had quite a run the last few days, didnt we?



    my euphoric report (and nicer 'readable' pictures): jaro gruber ;-): 1,900.00

    go gold bugs go
    permalink
    Posted 08-22-2011 at 05:06 PM by jaro jaro is offline [Show Appreciation] What's This?
  20. Old Comment
    jaro's Avatar
    what a crash in the last 2 days ... gold only $1,764 now :-(

    not too bad, we will crash the paper money mafia next time :-)
    permalink
    Posted 08-24-2011 at 06:47 PM by jaro jaro is offline [Show Appreciation] What's This?
 

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