Saturday, June 25, 2005

Gold: Short term gain, long term pain?

The chart on the top is the XAU, which is an index of gold stocks. The chart on the bottom is the metal gold. Notice that the stocks have made signficantly lower highs on the new highs gold has made. Also, given the fact that gold's performance has been extremely disappointing compared with other commodities, I seriously doubt that gold and gold stocks will break out into the next leg of the bull market any time soon.

However, over the next few months, I do expect gold to go up, since people are starting to become too bullish on the US dollar despite its horrible fundamentals. But after that, gold should resume its consolidation.


Anonymous Anonymous said...

rubber butt plug rubber butt plug
black butt plug black butt plug
mushroom butt plug mushroom butt plug
vibrating jelly butt plug vibrating jelly butt plug
rubber anal plug rubber anal plug
butt plug swirled butt plug swirled
ripple butt plug ripple butt plug
waterproof anal vibrator waterproof anal vibrator
penis extensions penis extensions
erection rings erection rings

3:21 PM  
Anonymous buy weight loss meds without prescription said...

Generic Phentermine medication is used in combination with diet and exercise to help you lose weight. It works by decreasing your appetite.

Generic Acomplia Rimonabant Zimulti drug is the new weight loss medication breakthrough from Sanofi-Aventis , exceeding Phentermine in it’s ability to help you lose the weight! It is a CB1 cannabinoid receptor antagonist ,and Its main avenue of effect is reduction in appetite. Acomplia acts by obstructing the receptors, which control the food intake and energy expenditure - Thus resulting in reduced appetite. Brand Acomplia weight loss drug also has an added characteristic effect as a smoking cessation aid.

Brand Duromine Ionamin weight loss drug is a popular brand name timed-release resin version for the weight loss diet pill phentermine, and is used in combination with diet and exercise,to help you lose weight. It works by decreasing your appetite.

Generic Meridia/Reductil SIBUTRAMINE HCI drug is a prescription medication thats used to help people lose weight by acting on the appetite control centers in the brain. Studies have shown that using Meridia helps patients lose weight and maintain weight loss for up to 2 years.

Xenical Orlistat weight loss drug blocks some of the fat that you eat from being absorbed by your body. Orlistat is used in the management of obesity including weight loss and weight maintenance when used with a reduced-calorie diet.

10:28 AM  

Post a Comment

<< Home