oldgoldbug

Canary in the Gold Mine

Excellent.
I use my stack of pre 1964 silver dimes to show the kids how a dime is a dollar and change and a dollar and change is a dime. I don't know if they get it or not. The concern about the dollar and indeed the whole situation appears to explode.
Don't know about the "New World Order" - wait a minute - weren't they in the WWF? Actually, there is a lot more of an analogy between fake wrestling and fake economics than we want to admit.


On Sep 13 11:42 AM paxjds wrote:

> Banks are shorting gold while buying a new canary every day, not
> telling the public that the bird just died. Market manipulation continues.
> Meanwhile central banks and many governments are increasing their
> gold holdings. Some governments, ie. China, are encouraging and TV
> advertising for their citizens to purchase gold and silver. Germany
> has vending machines for citizens to purchase gold and silver. <br/>
> You better bet your last bottom dollar buying Gold and Silver,that
> either a new world currency or regional currencies are in the works
> to replace existing and reflate world assets, or to just let existing
> currencies devalue by the continuation of running the printing presses.
> Watch the New G20, the new World Order. Currency Change will come
> as soon as september 20, or no later than 2011 to bail out the world
> governments and central banks.
> Protect yourself with Gold and Silver. Guns and Bullets might be
> a great secondary investment plan. Just dont sit there a stack of
> dollars that will be worth a stack of dimes in five years.

Canary in the Gold Mine

I learned a lot listening to Harry Browne including when he backed off of precious metals and recommended a balanced portfolio. I believe you are the one to continue his tradition of making common sense evaluations based on the facts and not on market hype or government disinformation. I applaud you for sticking to your guns based on your interpretation of the facts.

You Can Get on the Gold Train and Ride the Dollar

The one thing that never made sense in all of this was the low interest rate on long Treasuries. Being from the old school I had to wonder why gold was up so much and Treasuries prices stayed strong. Now we have all kinds of up inflation numbers but the precious metals are plunging. Perhaps the Treasury market was right all along and the inflation was just a big blip on the radar. Or, perhaps the gold guys are right and what we are seeing now is a correction. If gold runs from about $250 to $1030, it is not unreasonable to see a correction from $1030 to a support range between $500 and $780. The $INDU on its way from 1000 to 14000 had a pretty nasty correction on one day in 1987 from 3000+/- to 1800+/-. Turned out to be both a good short side trade and a good day to go long term long. At the risk of talking out of both sides of my mouth I think the author and the gold bug commentators are likely to be right - short term down; long term up - probably up further than any of us can imagine right now.
PS You gotta sell at least a little gold and silver from time to time - Safeway doesn't take Eagles.........yet.