World's 1st Gold ATM; is this a sign of Top? Market Sentiment states it is
Sol Palha: Financial & Economic Insights World’s 1st Gold ATM; is this a sign of Top?

World’s 1st Gold ATM; is this a sign of Top?

World's 1st Gold ATM; is this a sign of Top?

Do not be desirous of having things done quickly. Do not look at small advantages. Desire to have things done quickly prevents their being done thoroughly. Looking at small advantages prevents great affairs from being accomplished.
Confucius, BC 551-479, Chinese Ethical Teacher, Philosopher

Is the Gold Market Headed for a Crash; is it time to get out of Gold?

Amid fears over the strength of nearly every major currency, Abu Dhabi’s top hotel has come up with a new type of ATM for their most risk-averse guests. The Emirates Palace is giving those staying there the chance to withdraw gold from the world first ever gold dispenser. With gold prices at record highs amid fears that the EU’s rescue package will drive inflation higher, the ATM monitors the daily price of gold and offers small gold bars that weigh up to 10 grammes with customised designs.

Giessler’s timing is very good given gold is currently at a record high. Given the price action at the moment your 10 grammes could be worth considerably more by the time you check out and could help you pick up the tab at the luxury resort. One night in a three-bedroom suite that could set you back more than $10,000 a night. Full story=

Article of Interest: Stock Market crashes are opportunities for the Rich to Fleece the Poor

This is a clear sign that Euphoria levels are reaching an extreme level in the Gold camp. The next move for gold could, therefore, be down instead of up. History has shown that whenever something spectacular is done in a market that is extremely overbought, a top is usually close at hand. The Burj Tower is a prime example. Hence, Investors should not be surprised if the Gold Market experiences a crash like move over the next several months and years to come.

Now for something different and enligthening

What do you think of this video? Is it cute, or funny; if you did, please comment at the end of this article? Videos with positive emotions are said to lower one’s stress; they provide one with the ability to view things from an objective perspective. When emotions do the talking, logic does the walking, and the result is far from healthy or pleasant.   Please comment below and let us know if you find this new approach to be of interest.

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