tag:blogger.com,1999:blog-4863014635257598503.post2566461176445657213..comments2024-02-27T22:18:53.706-05:00Comments on Zero Hedge: Summary Of Today's FestivitiesTyler Durdenhttp://www.blogger.com/profile/00165439451205639523noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4863014635257598503.post-38322725467959012562009-03-03T04:16:00.000-05:002009-03-03T04:16:00.000-05:00George, I believe gold was getting speculative int...George, I believe gold was getting speculative interest because of the financial instability and counterparty risk. The blow off top might have been a short covering rally from the commercials (like hedged miners). Now the fundamentals, namely dollar strength and deleveraging, not to mention a lack of non-investor interest, are catching up to gold.Max Leveragehttps://www.blogger.com/profile/04986053651630858144noreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-63123836554199207332009-03-02T22:20:00.000-05:002009-03-02T22:20:00.000-05:00I am quite curious about this, "Consider the rush ...I am quite curious about this, "Consider the rush to gold which unwound again today..." It did seem for a while that gold had been an anti-risk trade, at least it was somewhat inversely correlated to equities. Any thoughts on if this is profit taking (being one of the few things there were that had gains). I see it as just another asset that is caught up in this forced liquidation mode we are in. Everyone has redemtions to meet and just because gold was last to go didn't mean it wasn't going to be needed to be sold to raise shareholder cash.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4863014635257598503.post-46822291000866921382009-03-02T22:14:00.000-05:002009-03-02T22:14:00.000-05:00FMLFMLSidhttps://www.blogger.com/profile/18315163712111747488noreply@blogger.com