...coming across the wires on this board when in fact the opposite is the case and THAT'S GREAT news....in fact. Read below, it is a contrarion view. I label myself as nothing....not a contrarion, nor a bull, nor a bug,...I'm just an investor in markets that will make me money.......

Good News: Gold Is Going to Fall!

Old friend Clyde Harrison sent this across the fiber optics yesterday. Those of you familiar with the advantages of being a contrarian will read into it a very bullish signal for gold.

Poll: 93% of Investors Believe That Gold Will Fall
By Rutam Vora, 21 April 2010 (Commodity Online)

At a time when gold prices reeled under pressure, for a sustained period after hitting their all-time high in December 2009, the perception towards the yellow metal seems to have reversed with investors hinting at weakening of gold prices in the near future and strengthening of other investment avenues...

In an online opinion poll conducted by Commodity Online, a majority of the respondents have hinted at a possible fall in gold prices in the near future, and better earning opportunities will come knocking on the door.

In an online poll of a sample size of 21,600 respondents selected from across the globe, 93% or 20,100 of the total sample size had opined that there would be a fall in gold prices due to a recent upbeat mood in the global equity markets, while only 1,400 respondents contradicted the stand, 0.46% did not comment on either side.

This showed that most of the respondents believed that there would be a fall in gold prices in the near future due to a recovery in global equity markets...

Similarly, of the total respondents as many as 53.1% believed that the US dollar would replace gold from its status of 'safe haven.' Looking at the recovery of the US economy from the nightmarish recession which had started from the US and hit the world economy in 2008, the dollar was found gathering steam once again.

However, 46.8% of the respondents contradicted the view and maintained their skepticism towards the dollar and put gold to their preferred investment mode...