If you have found information in this blog useful please make a donation to
GOLD PRICES FROM JANUARY 2016 TO 10th MARCH
CHART COURTESY WWW.KITCO.COM

In the first west week of this January I posted this Goldwatcher note
“Gold is insurance against the unexpected and the unthinkable. Gold is poised to breach the psychologically and technically important $1100 threshold…Gold pundits like to punt gold demand as coming from fear or love trades. But they ignore the more important trade trades – i.e. the speculative punts that can account for most the money flowing in and out of gold”
The global risk landscape this time last year was fairly tame and I posted several comments on gold price prospects for the year that proved to be useful. The landscape this year has been different and recent posts on gold have included Ray Dalio on Central Banks Risk Pushing on a string
Messages from The Goldwatcher Book:

The manuscript for The Goldwatcher was submitted to the publisher, at the end of 2007. At the time the gold price was a little over $800 – about double the where it was when I first submitted the book proposal to Wiley.
The Goldwatcher (Page 186) included this comment under the heading
Messages From History
.”…Pundits had been calling for the Gold Price to reach $850, the level it spiked to in 1980. That’s equivalent to about $1900 in 2007 money. However a price spike and a price average over a longer period are very different situations. “
As we all know the price spiked to above $1900 in September 2011, fell again below $1100 in January this year and is now in sight of breaching $1300.
Motivation, Strategy & Timing
My contribution to investing in gold has been based on motivation strategy & timing. Yesterday’s dramatic responses to ECB President Draghi’s package of stimulus measures was followed by dramatic prices movements that are settling down today with these among other price changes:
GOLD +0.60%, COPPER+ 0.68% OIL + 2.27%, LEAD +1.15%,, ZINC +1.61%
MOMENTUM, ALGORITHMS & ANIMAL SPIRITS:
Price overshoots and undershoots are par for the course in currency and commodity markets. As it’s likely that future price movements will also be driven by momentum, algorithms and animal spirits it will make sense for investors to monitor these influences themselves or keep well informed from a reliable information source.
All postings on this blog will remain freely accessible in the public domain but new postings will be on the Investor Literacy blog
For further Goldwatcher comments please follow Investor Literacy
###############################
If you have found information in this blog useful please make a donation to
