gmiller

Record Volumes in Gold Market Indicate a Gold Top

Tmosley apopears more knowledegeable than anyone else here, including the author of the article.

With Obotomy resolving to "spend our way out of the recession," banks reveling in faux "profits" from fraudulent accounting and the gift of "free" money-- compliments of the sheeple, Congress spending obscenely, job destroying taxes and regulations being imposed, entire industries going offshore or being destroyed, nationalizations being engineered by the Marxists running Washington, $600+ trillion in toxic derivatives waiting to explode, actual U.S. unemployment 18%, GDP growth actually a shrink, credit imploding, real estate on life support, Stimlus packages not stimulating, etc., we are in serious trouble.

JPM, Federal Reserve Member, is the belly of the beast, the largest precious metal manipulator in the world. GLD and SLV may not be backed by all the real metal. I would instead suggest goldmoney.com, CEF, Perth Mint, etc. Some COMEX and London futures recipients due their metal have been offered 125% cash vs. spot instead.

With all this, gold is a safe haven as well as an inflation hedge. Speaking of inflation, the deflation knuckleheads think we're in deflation because asset prices are way down, part of a necessary correction. Have they been to stores lately and seen prices? Or paid their utility bills or taxes?

I've been listening to topping predictions since 2000.

I'll keep my gold and silver, thanks.

Is a Gold Correction Imminent?

If one looks at how it's dropping today, a correction doesn't seem out of the question at all.

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.

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.

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.

Commodities: The Next Bubble?

Actually, Adam, I thought your article was pretty good. I reduced, but did not eliminate my own precious metals holdings, because it appeared that a pullback was occuring. Why did you not delve more into the cause and whether or not it involved "cartel" or government manipulation? Based on de facto inflation and currency risk, it seems as though gold and silver should be higher.