Comments on: Cash4Gold Ad Does Not Signal a Top in Gold http://www.ritholtz.com/blog/2009/02/cash4gold-ad-does-not-signal-a-top-in-gold/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 23:28:32 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Steve Barry http://www.ritholtz.com/blog/2009/02/cash4gold-ad-does-not-signal-a-top-in-gold/comment-page-1/#comment-143609 Steve Barry Wed, 04 Feb 2009 11:09:23 +0000 http://www.ritholtz.com/blog/?p=17985#comment-143609 Gold to oil ratio has spiked from 6 to 21...30 is a 3 standard deviation event. I would not bet on gold here. I would be long oil/short gold. Gold to oil ratio has spiked from 6 to 21…30 is a 3 standard deviation event. I would not bet on gold here. I would be long oil/short gold.

]]> By: Jojo99 http://www.ritholtz.com/blog/2009/02/cash4gold-ad-does-not-signal-a-top-in-gold/comment-page-1/#comment-143608 Jojo99 Wed, 04 Feb 2009 09:43:20 +0000 http://www.ritholtz.com/blog/?p=17985#comment-143608 Too many people are buying gold because they believe the apocalypse is just around the corner. For that reason, gold will go down when the apocalypse does not occur as scheduled. Too many people are buying gold because they believe the apocalypse is just around the corner. For that reason, gold will go down when the apocalypse does not occur as scheduled.

]]> By: wunsacon http://www.ritholtz.com/blog/2009/02/cash4gold-ad-does-not-signal-a-top-in-gold/comment-page-1/#comment-143605 wunsacon Wed, 04 Feb 2009 08:24:05 +0000 http://www.ritholtz.com/blog/?p=17985#comment-143605 LOL! I've been debating the significance of the "cash 4 gold" ads with myself for a few weeks now. (Fortunately, I will win the debate no matter what the outcome.) The fact that someone is trying to get gold from consumers suggests a top -- in the dollar. (I.e., that's bullish for gold.) Then again, if Cash4Gold buys at enough of a discount, then they really don't care which way gold moves. So, I don't know how to read this. Jack, what about the Japanese idea of salvaging gold from their sewage system? Whenever people start going to or suggesting great lengths for something (e.g., oil sands, skyscraper boom, floating airport for San Diego), a "top" is not far off. LOL! I’ve been debating the significance of the “cash 4 gold” ads with myself for a few weeks now. (Fortunately, I will win the debate no matter what the outcome.)

The fact that someone is trying to get gold from consumers suggests a top — in the dollar. (I.e., that’s bullish for gold.) Then again, if Cash4Gold buys at enough of a discount, then they really don’t care which way gold moves. So, I don’t know how to read this.

Jack, what about the Japanese idea of salvaging gold from their sewage system? Whenever people start going to or suggesting great lengths for something (e.g., oil sands, skyscraper boom, floating airport for San Diego), a “top” is not far off.

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