Was gold riding a speculative bubble?

[GoFlyKiteNow]

The past 24 hours, since the Dubai financial shock surfaced
the reactions worldwide has been to dump everything
and rush to the safe haven - The US dollar.

Consequently, the dollar rose since this morning.

Surprisingly, GOLD, which should have been the
main beneficiary, lost some of its value since this
morning. About 20 dollars approx to an ounce.

Why GOLD.?
After all it is supposed to be the safest of all bets.

 

[zuoom]

erm, cos gold is at the highest ever? while USD is at the lowest in 14 years against the yen?

if i was holding to both gold n usd, i would re-balance it accordingly. and that's to drop gold n get USD.

 

[TeeKee]

What Goes UP!, MUST come DOWN....

The only important question is WHEN?

 

[Cestbon]

Gold are what so called universal currency. Everywhere also same price base on weight gram/ounce.

 

[dysentry]

problem is gold ETFs are in USD, so forex losses cancel out the gains...u have to buy physical gold...

why not look closer to home, SGD looks overvalued...MAS printing money just like USA, feeding asset bubble...

but a watched pot never boils, so I'll hold on to my shorts and focus on something more useful...

 

[flyingsword]

a lot of speculation going on nowadays.

 

[prince123456]

gold is the ultimate currency

touch wood if in future any problem like war or natural disaster... money got no value...

my ah ma say .. go gold for long term

 

[Frankiestine]

Hmm there is always a co-relation between the price of gold and the usd..so does that mean usd is on the rebound?

 

[Muthukali]

The past 24 hours, since the Dubai financial shock surfaced
the reactions worldwide has been to dump everything
and rush to the safe haven - The US dollar.

Consequently, the dollar rose since this morning.

Surprisingly, GOLD, which should have been the
main beneficiary, lost some of its value since this
morning. About 20 dollars approx to an ounce.

Why GOLD.?
After all it is supposed to be the safest of all bets.

inflation = long gold = speculation = gamble = bleed....

 

[Muthukali]

Hmm there is always a co-relation between the price of gold and the usd..so does that mean usd is on the rebound?

they call it INVERSE RELATIONSHIP........