NEW YORK (TheStreet) -- Scott Redler, chief strategic officer for T3Live.com, reveals how he's trading gold and silver now that the metals have broken through key resistance...
Scott Redler, : ....Gold right it's brushing up against his trip today so traders watched to see if you can blast through it. Were hit it. And then let that be resistance I think traders -- bit frustrated because they're used to gold having these huge swings you know that the huge gains that we've seen. I'm so those that are trying to traded and over traded are actually losing even if they're right. For me unless someone here talked about -- tier one approach from about thirteen thirty when -- broke that downtrend that -- views like 131. I haven't touched it. So what does it take created an accurate well positioned begin to break through and it -- for. I wanted to add if I had the -- up for today it was like down and we. Trading here would have added because they knew that 13350. Was a good area -- but 13413450. It's right near that 135 and ideas and discuss in my positions that you -- a lot of work out I'm not -- You know not -- against walls and I need to own more I don't think it's the right price that.
Wednesday, February 16, 2011
Gold Still an Inflation Hedge?
Is Gold Still an Inflation Hedge?
NEW YORK (TheStreet) -- Will Rhind, head of U.S. Operations for ETF Securities, breaks down whether gold and silver are still good shields against rising inflation.
Gold prices stalling out somewhat on Wednesday because gold index spot rate at just over three dollars -- inflation reading in the US. I think it will -- a unit operations pre yet securities. Now well as keeping -- which is before the bell gold rise to new people right now but why isn't acting more than inflation at this morning.
NEW YORK (TheStreet) -- Will Rhind, head of U.S. Operations for ETF Securities, breaks down whether gold and silver are still good shields against rising inflation.
Gold prices stalling out somewhat on Wednesday because gold index spot rate at just over three dollars -- inflation reading in the US. I think it will -- a unit operations pre yet securities. Now well as keeping -- which is before the bell gold rise to new people right now but why isn't acting more than inflation at this morning.
Silver and Gold Demand Explodes in China.
that is exactly why gold/silver could never be in a bubble. All the Asians would simply buy it up if it ever crashed in price. The dynamics have changed since the 79/80. This time it aint coming back down. We've already seen that physical has more or less diverged from paper in price terms.
Silver and Gold physical bullion products are in high demand. China sold 7 tons of Gold bullion in January, compared to selling 15 tons gold all of last year.
They sold 13 tons of physical silver in January compared to selling 33 tons of silver all of last year. Inflation has the chinese people spooked. The Chinese government is actively encouraging their people to buy physical gold and silver instead of putting their money into real estate.
When the dollar collapses or an economic collapse spreads throught the west, we are going to find that China has all the metal and real wealth and we have a stack of worthless paper.
The chinese are buying physical silver and gold. Are you?
http://www.reuters.com/article/2011/0...
Silver and Gold physical bullion products are in high demand. China sold 7 tons of Gold bullion in January, compared to selling 15 tons gold all of last year.
They sold 13 tons of physical silver in January compared to selling 33 tons of silver all of last year. Inflation has the chinese people spooked. The Chinese government is actively encouraging their people to buy physical gold and silver instead of putting their money into real estate.
When the dollar collapses or an economic collapse spreads throught the west, we are going to find that China has all the metal and real wealth and we have a stack of worthless paper.
The chinese are buying physical silver and gold. Are you?
http://www.reuters.com/article/2011/0...
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