For retail investors the gold trade was both a fear and a greed trade.
For the time being, however, the fundamental realities of the gold trade are false.
Gartman, a commodities guy, continues to believe in his gold trade, especially in euro and yen terms.
The gold trade recommended by Bill Gross is also based in economic theory.
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The forces driving the gold trade have changed over time as the crises in the world economy have evolved.
So to play the gold trade, I like the SPDR Gold Shares (NYSE:GLD).
How can gold trade at new all-time highs when Treasury paper is so strong with yields down near historic lows?
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The gold trade has been the longest hold of my career, and it shows no sign of slowing down any time soon.
On the other side of the gold trade was Paulson.
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Technical analysis is powerful because charts are a reflection of emotions, and the gold trade has become crowded with irrational retail investors who buy into the hype at exactly the wrong time.
Last November, Turkey's deputy prime minister confirmed suspicions among many economists that a surge in Turkish gold exports to Iran was basically an oil-for-gold trade to circumvent sanctions blocking Tehran from international electronic transactions.
But there are lots of other storylines out there, including the announcement of CitiGroup massive layoffs, the ups and downs of the gold trade, and ongoing speculation on profit-taking for tax reasons versus performance chasing buying going into year-end.
George Gero, vice president with RBC Capital Markets Global Futures, vice president-precious metals strategist, said he expected gold to trade steady to higher next week as gold.
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When the fund was launched, it was considered a major innovation, finally allowing gold to trade like a stock.
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Its impact was clearly visible in Italy at Vicenzaoro, the world's largest gold jewellery trade fair, which ended on January 18th.
Bart Melek, vice president and head of commodities research with TD Securities, also looks for gold to trade sideways for a little.
Bhar looks for gold to trade at a premium for much of the rest of the year, or longer if there is a recession that lasts for a while.
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There appears to be some support for gold at the lower levels, said Afshin Nabavi, head of trading at trading house MKS Finance, who also expects gold to trade in the current range and test the upper boundaries.
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Gold, which we trade with the SPDR Gold Trust (GLD), and silver (even more so) reversed hard Tuesday and punished those chasing a parabolic move.
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On Monday, the SPDR Gold (GLD) exchange traded fund, the most popular way to trade gold, fell by more than 8% in the morning trading session.
The reason behind the abnormal behavior is that gold these days is controlled by momentum investors who trade in gold contrary to convention.
FORBES: Figuring Out Why Gold Tumbled When It Should Have Soared
The bank started to trade gold and, by 1980, was one of the biggest in that market.
Ahead of the meeting an EU official speaking for the six world powers said Friday the onus was on Iran to engage on the six-nation offer, which foresees a lifting of sanctions on Iran's gold and petrochemical trade but keeps penalties crippling Iran's oil sales and economy in place.
If the central banks were properly calibrating liquidity to maintain parity between the statutory gold price and the market gold price of the dollar and euro, then the trade at the gold windows would remain inert.
The World Gold Council (WGC) reaffirmed the power of the Love Trade in its 2011 Gold Demand Trends report released this week.
Gold and the dollar trade in an inverse relationship 70% of the time.
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