GS had a forecast for oil to go to 200 --- before it plunged to 40.
Now they have reversed their estimate to 45.  That is going to prove
just as wrong.

Gold has gone down with everything else due to the massive
liquidations of the hedge funds.  The UBS forecast to $700 in 2009
seems very low with the USA printing money. As the dollar weakens,
investors will move into traditional safe havens --- gold being one of
them, along with other commodities.  If not for hedge fund
liquidations, gold would be trading much higher now.  Wouldn't be
surprised to see gold at $1500 an ounce at some point next year and
oil significantly higher.

Just do the exact opposite of what these guys say and you'll do fine.
I'd be more worried about gold if they were predicting it $2000/ounce
this year.

d I agree with what you're saying.

Actually, I just read the article “Gold as an investment” at:
http://www.stockresearchportalblog.com/category/gold-as-an-investment/
I was quite impressed, it raised a lot of valid points that warrant
being the topic of discussion. Thus, I have a few questions.

In times of economic uncertainty, gold should be performing at its
best however, the latest market indicators show that the price of gold
has been quite volatile over the past year. Well I guess that's
somewhat obviuos. As the US dollar strengthens, this weakens the
prices of base metals, fair enough.  Given that we have already taken
political instability into account, what else do you think can explain
the current volatility of gold prices? Also, do you guys think there
will be further corrections in the market or that gold will ‘bounce
back’?

Predictions of gold price seem to be an ongoing bad joke. Who knows
and who cares? Gold is the anti-dollar and we live in a dollar world.
Accummulate some on dips, sell some after sharp rises (i.e. sell when
you want to buy, buy when you want to sell). Keep physical gold for
insurance, build a position in AEM on speculation. Given the
fundamentals, there is a floor in the price ($700?) and the potential
upside is rediculously high (sadly). Paying attention to the daily,
weekly, monthly volatility is for masochists and traders.
Understandably it can be discouraging but trust in anything dollar
related is suicidal with the thieves in control.

It's the safehaven property of gold that really appeals to
investors..  fiat currencies don't really satisfy the "store of value"
property of money. The fact that inflation easily erodes the value of
the dollar causes a lot of people to proceed with caution. When it
comes down to it, it's all about purchasing power.

But yes I agree that paying attention to the volatility of gold is for
traders, but you gotta remember that the price of gold has a huge
impact on the revenues of the mining and gold companies that we're
investing in.

Im shorting this at 54.70, if it goes to 56 I am covering but my
target is...25-30.

Damn wtf is up with this stock, stupid gold stocks, crap on a stick, I
might just short a bigger gold producer, screw this crap if it holds
56 -_-

Stupid thing is really pissing me off, I hope this isn't another damn
volkswagen waiting to pwn me.

Have patience. This rally has nothing to do specifically with gold or
miners, but an overall market rally based on the news of the stimulus
package being released Monday or Tuesday ahead of the Treasury
auction. If you want to go short on this company, wait a little closer
to earnings. There's no way a company with a company earnings estimate
of a loss [current estimate is -.01] is going to stay at a PE ratio of
68.

I will be buying March puts on Monday. Good luck.

The stock is moving with Gold though what angers me is it overshoots
to the upside and does not correct properly to the downside, too much
steam in stupid gold bugs.

What do you guys think about possible gold confiscating? While many
analysts can already see the rainbow at the end of the financial storm
that has convulsed the United States, James West sees only further
calamity. In “U.S. Debt Default, Dollar Collapse Altogether Likely,”
an article on SeekingAlpha.com, West, the publisher of the Midas
Letter, contends that a U.S. debt default is not just a certainty but
is just around the corner. He also sees a 10:1 split in the U.S.
dollar in the near future and also warns that President Obama’s
administration could well emulate President Franklin Roosevelt’s by
confiscating personal gold holdings.
Via stockresearchportal.com

So what these idiots are saying is that the US dollar is going to
collapse yet Gold is going to save them from this? LMAO

Right now most institutions aren't looking to gold as a safe haven
because it's liquidity is nowhere near the US dollar or bonds. The
time to start hoarding gold or other forms of currency isn't here yet
[and hopefully never gets here]. My advice take any profits you've
made in gold now. I think we're going to see precipitous drop in
prices in the upcoming weeks.

Bla I covered today, at 54.40 lmao, damn Gold is hard to short, going
to short it at 60 or even 70