gmiller

3 Reasons Not to Believe In Gold's Recent Rally

Hmmm. you may be working to old paradigms. Back when the dollar had some value, the U.S. actually had a lot of gold, the financial sysyem hadn't yet crashed, we didn't have millions of properties headed into foreclosure, with more being held back, mark-to-market and other accounting rules hadn't been trashed, banks reliant on free money for survival, U.S. Treasury requirements didn't exceed available worldcapital and foreign entities hadn't lost patience, your article might have made some sense.

Gold is a very volatile item these days, so I accept that there will be some corrections and pullbacks, especially with agents of the U.S. madly manipulating and traders maneuvering for profits. But mid and long term, it's going up, up, up, up and up. Not just because of inflation, but utter dollar and other fiat currency destruction and as a disaster hedge. Gold's not even close to its all-time inflation-adjusted high yet and that occured in much calmer days.

U.S. Emperor Hussein will step on the gas before the 2010 elections even worse than before, to create the appearance of "prosperity," in a frantic attempt to keep his party in power, but it might already be too late.

I'll hold on to my gold and silver, thanks.

Celente Flashback: Great Recession Will Maintain Grip for a Generation

Part of the problem-- find out why why it won't be getting better any time soon.... read "The Obama Timeline" (see colony14.net )

Four Major Developments Gold Investors Should Watch

That's an excellent case for gold buying, but somewhat understates the downside of the U.S. govt. and bullion banks' power to take down gold when it suits them. Long term, I believe they'll lose, but they can create real danger for leveraged long players in the meantime.

Silver Wheaton: Propelling Itself to the Top of the Food Chain

I bought some SLW at under $3 and only wish I'd had teh guts and wisdom to buy much more and hold in to it.

Pernick: As Oil Prices Go Up, Clean Energy Costs Fall

Yeah, but it can power electric cars and trains.


On May 19 11:43 PM Windsun33 wrote:

> Solar and wind do not replace oil, they replace coal power generatrion
> primarily. 10 trillion gigawatts of wind will not put a gallon of
> gas in your car.
>
> That seems to be the most common fallacy and most common flaw in
> all these oil vs solar type arguments.

Pernick: As Oil Prices Go Up, Clean Energy Costs Fall

What about nuclear power? It is the best alternative for baseload power, in terms of scalability and cost. The waster disposal objection is overblown and more of a political problem than a real one. France generates 80% of its electricity via nukes and even sells power to neighboring countries. Due to recycling, all national waste fits in a space about the dimensions of an olympic swimming pool. Confucius say "man who say something cannot be done, should not contradict man already doing it." Speaking of smart Chinese, China is building nuclear plants like crazy, securing project capacity and buying up available uranium supply. They will have clean, cheap, abundant energy, while we scramble for the scraps. so much for change we can believe in.

How Did the Dollar, Gold and Equities React to Yesterday's News?

You idiot. Gold is subdued because of the billions of dollars of our own money being used to manipulate it downward to make the dollar look good. Talk about putting lipstick on a pig.

Why IMF Gold Sales Won't Affect the Gold Market

Why do they have to SELL the gold, when they could just borrow or print more money, the way they ALWAYS do? Answer: It;s a shot across the bow of the gold people. They want to DEPRESS the gold price and discourage more investors and the public from buying any.

They have ben attempting such maneuvers since 1980, but gold has almost quadrupled since 2001 anyway. The best response to this is to buy and even take delivery of gold, at the temporarily depressed prices that might occur from this and other abortive intimidation methods. This is merely Larry Summers playbook in action.

Gold: Not a Bubble

Gold will go up more after the suckers market rally, now in progress. Gold has been artificially held down by the govt. and bullion banks, which are running out of ammunition. In spite of that, it is up nearly 4-fold since 2001.

Anyone can buy 1 oz. gold coins, starting at about $1000.oz on eBay, or smaller coins for less. You can also take delivery on COMEX gold bars at spot, but like the article says, it's $20K and up.

Only suckers sell jewelry to predators for half of melt price. There are some companioes that even tell you to mail it in, they'll decide what it's "worth," and mail you a check, in due time-- LOL!

GLD is not 100% backed by gold. READ the prospectus. They are behind on bringing it physically in, may be shorting gold and using options, maybe even "leasing" out some of the gold. Better yet, buy CEF, GTU or IAU. Best is to buy actual metal and have it in your possession, or insured 3rd party storage. Gold stocks will also provide good future returns.

Beware of gold futures/options, unless you are a highly skilled trader. Almost everyone loses money on these on their own.

Gold: The Last Carry Trade

Some say that the wholesale deleveraging/capital destruction going on now is actually decreasing the money supply, even as nations are flooding the world with new "money." This might explain some of the unusual things happening with asset/commodity prices.

Despite Big Fast Panic, It's Still a Normal Bear

Larry H. called it correctly.

Despite Big Fast Panic, It's Still a Normal Bear

Disagree. This bear will be the most ferocious one of most of our lifetimes. We have never before had such an enormous debt overhang and wildly deflating asset bubbles. The mortage resets, defaults (already at 9%), oncoming trainwreck of commercial real estate, car loans, student loans and credit card defaults will be a financial tsunami, made worst by the resultant tax revenue implosion. Dude, brace yourself, it;s just beginning.

While we have better coping mechaisms than duing the 1930's, the scale of the problems is much larger.

The consequences may be catastrophic. I'm not sure what can be done to prevent it, only to pace and moderate it a bit.

Who Killed Frannie?

Fool. Paulson only said that to reassure foreign govts.central banks, after a bailout started to look inevitable.

How the Fannie / Freddie Announcement Impacts Forex, M&A

<There is no question that US Treasury Secretary Paulson’s announcement has carved out a bottom in equities>

Really? That's right up there with Bernanke's fairly recent statement that Fannie and Freddy had nothing to worrry about. Actually, he was right- they're Uncle Sam's problem now.

Legg Mason: A Market Bottom?

Thinking people have discovered or will discover that Nobama is an empty suit and is not even who he says he is. He hasn't accomplished any of the change that he keeps crowing about. Where's the beef?