Have Central Bank Gold Purchases Swamped The Market? [View article]
I still think there is a possibility that we can get one more low in the metals . . so don't jump too soon. The 144/45 GLD region just seems to potentially be calling. Either way, February should be a massive month for the metals if I am right!! :)
Have Central Bank Gold Purchases Swamped The Market? [View article]
I hear you saying the same things over and over again - in fact, I believe that you cut and paste the same thing over and over, but the price action in the market never seems to be in accurately line with your thinking.
The one thing I do not understand is how you continually claim that gold is a "growth sector!?!?" Gold is not a sector. It is an asset within the precious metals asset class.
You seem to be waiting for a New World Order, but your timing, in my opinion, is WAY too early. You are expecting the dollar to collapse, yet it has been rallying strongly, as I had warned you months ago when you strongly derided me for my gold market top call.
I will try to warn you again that we will most likely see deflation before we see the hyper-inflation which will take gold up to the levels you seek. Although I am still expecting one more rally in the first quarter of 2012, and I believe it will be parabolic - can even attain as high as 2400 VERy fast. But don't be fooled into thinking that this is break out to the sky. We will see a multi-year correction after this next top, and not the multi-month correction that I predicted after this prior top.
Also, remember what Keynes said: Markets can remain irrational longer than you can remain solvent. (and, no, I do not support his economics)
Also, you will see the dollar coming down to earth quite soon as well . . . but, again, don't be lulled into a false sense of security. This is just going to be the pullback before the massive multi-year break out on the dollar.
Again, be careful what you do and what you advise people.
Have Central Bank Gold Purchases Swamped The Market? [View article]
Venerability . . . WHERE in ANYTHING I have EVER said do I point to supply side analysis!?!?!?!?
PLEASE read my analysis on Gold, as I was able to call the top of the gold market within $2 when you were blasting me about completely not understand the gold market.
Also, I hear you saying the same things over and over again - in fact, I believe that you cut and paste the same thing over and over, but the price action in the market never seems to be in accurately line with your thinking.
The one thing I do not understand is how you continually claim that gold is a "growth sector!?!?" Gold is not a sector. It is an asset within the precious metals asset class.
You seem to be waiting for a New World Order, but your timing, in my opinion, is WAY too early. You are expecting the dollar to collapse, yet it has been rallying strongly, as I had warned you months ago when you strongly derided me for my gold market top call.
I will try to warn you again that we will most likely see deflation before we see the hyper-inflation which will take gold up to the levels you seek. Although I am still expecting one more rally in the first quarter of 2012, and I believe it will be parabolic - can even attain as high as 2400 VERy fast. But don't be fooled into thinking that this is break out to the sky. We will see a multi-year correction after this next top, and not the multi-month correction that I predicted after this prior top.
Also, remember what Keynes said: Markets can remain irrational longer than you can remain solvent. (and, no, I do not support his economics)
Also, you will see the dollar coming down to earth quite soon as well . . . but, again, don't be lulled into a false sense of security. This is just going to be the pullback before the massive multi-year break out on the dollar.
Again, be careful what you do and what you advise people.
Have Central Bank Gold Purchases Swamped The Market? [View article]
Don't change from a bull just yet. We have one more rally in the metals left. I recently wrote an article for each in which I explained that I see one more rally in the metals, which can make February a REALLY nice month for metal's holders!!
Have Central Bank Gold Purchases Swamped The Market? [View article]
If you do not understand the difference between the effects of actually printing greenbacks and placing them in the system vs. monetization, then you are completely missing the entire point I am trying to make. I suggest you try to understand these two SEPARATE methods that are available to the Fed to "reflate" and then you will understand why they have chosen the former methodology over the latter. You will then also understand why I am correct in claiming that the former is an abject failure within a society that is deleveraging!!
Have Central Bank Gold Purchases Swamped The Market? [View article]
Are you really asking me how "money/credit" comes out of the system!?!?!? Have you heard the term "default?" Also, another way is that the public is actually attempting to pay their debt off and reduce their overall debt load in the current environment. So, within such an environment, a credit expansion policy embarked upon by the Fed will prove useless.
As for the dollar . . . the dollar will rise as the credit further contracts, since the greenback then becomes relatively more valuable.
Have Central Bank Gold Purchases Swamped The Market? [View article]
Sir, I have, and maybe you should a little closer than a cursory review of simple price action.
You cannot correlate the action of gold during the great depression to our times specifically because of the government controls on gold at that time, whereas now, we have none. Therefore, to correlate our current gold situation with that of the Great Depression is beyond even simplistic; it is intellectually dishonest and simply inaccurate.
If you want to see how gold reacts during deflationary bouts, just look at 2008 and 2011.
Have Central Bank Gold Purchases Swamped The Market? [View article]
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Have Central Bank Gold Purchases Swamped The Market? [View article]
The one thing I do not understand is how you continually claim that gold is a "growth sector!?!?" Gold is not a sector. It is an asset within the precious metals asset class.
You seem to be waiting for a New World Order, but your timing, in my opinion, is WAY too early. You are expecting the dollar to collapse, yet it has been rallying strongly, as I had warned you months ago when you strongly derided me for my gold market top call.
I will try to warn you again that we will most likely see deflation before we see the hyper-inflation which will take gold up to the levels you seek. Although I am still expecting one more rally in the first quarter of 2012, and I believe it will be parabolic - can even attain as high as 2400 VERy fast. But don't be fooled into thinking that this is break out to the sky. We will see a multi-year correction after this next top, and not the multi-month correction that I predicted after this prior top.
Also, remember what Keynes said: Markets can remain irrational longer than you can remain solvent. (and, no, I do not support his economics)
Also, you will see the dollar coming down to earth quite soon as well . . . but, again, don't be lulled into a false sense of security. This is just going to be the pullback before the massive multi-year break out on the dollar.
Again, be careful what you do and what you advise people.
Have Central Bank Gold Purchases Swamped The Market? [View article]
PLEASE read my analysis on Gold, as I was able to call the top of the gold market within $2 when you were blasting me about completely not understand the gold market.
Also, I hear you saying the same things over and over again - in fact, I believe that you cut and paste the same thing over and over, but the price action in the market never seems to be in accurately line with your thinking.
The one thing I do not understand is how you continually claim that gold is a "growth sector!?!?" Gold is not a sector. It is an asset within the precious metals asset class.
You seem to be waiting for a New World Order, but your timing, in my opinion, is WAY too early. You are expecting the dollar to collapse, yet it has been rallying strongly, as I had warned you months ago when you strongly derided me for my gold market top call.
I will try to warn you again that we will most likely see deflation before we see the hyper-inflation which will take gold up to the levels you seek. Although I am still expecting one more rally in the first quarter of 2012, and I believe it will be parabolic - can even attain as high as 2400 VERy fast. But don't be fooled into thinking that this is break out to the sky. We will see a multi-year correction after this next top, and not the multi-month correction that I predicted after this prior top.
Also, remember what Keynes said: Markets can remain irrational longer than you can remain solvent. (and, no, I do not support his economics)
Also, you will see the dollar coming down to earth quite soon as well . . . but, again, don't be lulled into a false sense of security. This is just going to be the pullback before the massive multi-year break out on the dollar.
Again, be careful what you do and what you advise people.
Have Central Bank Gold Purchases Swamped The Market? [View article]
Have Central Bank Gold Purchases Swamped The Market? [View article]
That is why I don't use fundamentals!! lol :)
Have Central Bank Gold Purchases Swamped The Market? [View article]
Have Central Bank Gold Purchases Swamped The Market? [View article]
Have Central Bank Gold Purchases Swamped The Market? [View article]
Have Central Bank Gold Purchases Swamped The Market? [View article]
As for the dollar . . . the dollar will rise as the credit further contracts, since the greenback then becomes relatively more valuable.
Have Central Bank Gold Purchases Swamped The Market? [View article]
Have Central Bank Gold Purchases Swamped The Market? [View article]
You cannot correlate the action of gold during the great depression to our times specifically because of the government controls on gold at that time, whereas now, we have none. Therefore, to correlate our current gold situation with that of the Great Depression is beyond even simplistic; it is intellectually dishonest and simply inaccurate.
If you want to see how gold reacts during deflationary bouts, just look at 2008 and 2011.
Have Central Bank Gold Purchases Swamped The Market? [View article]