sdavid0419

Where Is Gold Headed?

I partially agree with Marvin. However, one of the expenses taken off line in order for Clinton to pretend to balance the budget was the military. (so called "black budgets") We have dumped ungodly amounts of money into our military over the years in which an entire generation of corruption in Generals and retired Generals directed this money into companies they owned. I'm on the fence as to whether the current military will take up these state of the art arms against their own citizens. If they do, Saturday night specials will be no defense against high tech drones and other sophisticated weaponry.

I can't believe Bernake is issuing an all clear on the economy when the banks are still doing the same thing (derivatives) that brought the market down. Back in 2008 my experts told me it would take 7 years to recover from the housing bubble collapse of the stock market. Since, only 2 years have passed and unemployment still hasn't bottomed yet I think the current false sense of euphoria that is driving the market and dollar upward in the near term will force the double dip that the insiders are trying to convince us we have dodged. The way I see it the only difference between now and 2008 is that people are a lot poorer as they have spent down their life savings just trying to survive.

On the other hand most of the other nations in the world are using the same kind of insane deficit spending as us to keep their own economies afloat. Is it possible that 2 negatives could make a positive?

As to the worth of GOLD I agree with the writer of this article.

Gartman on the 'Mind Boggling' Gold Bubble

At this point Bernanke is nothing more than a talking head. Congress has handed him two unfunded wars, a broke FDIC, a Social Security lock box full of IOU's that are due, broke pension guarantee funds. Like it or not Bernanke will be printing more and more money as far into the future as one can see. If the gold bubble is waiting for the money presses to stop before it stops it sure as heck won't be in my lifetime!!!!!

What Lies Ahead for Gold ETFs?

The run up in gold is just a little ahead of the feared coming inflation due to the Obama/Benanke money printing policies. The crash in oil prices has allowed them to get away with it for a while now. The August increase of 1.7% in wholesale prices which interprets into 20.4% annualized indicates it may now be time to face the piper. In a few weeks we will have the Sept wholesale prices and if the trend continues the double digit inflation will be upon us. I take this to mean it is very likely interest rates will finally raise drastically and banks will have to pay them or loose the little assets they have left. This could be the stone that tumbles the hundreds of banks still tinkering on the brink of collapse. The FDIC is already showing red ink. Throw in some more bad unemployment numbers though I am happy GM has finally announce a partial recall of some laid off workers which is the only good news I've seen. As I say in all my comments gold is not an offense but a defense. I haven't been able to get into the movies for 25c in years. Once inflation comes everything adjusts upwards and the rush to gold is just those of us trying to be first in line to protect our assets. I continue to say throw out your history books and charts and look in front of you not your rear view mirror.