relmor

Gaza War: Expect a Spike in Oil, Gold

And and I love misinformation....I read someone that Belarus sold gold to defend their currency...Thats ironic, and they should have know it wasnt going to work...Only compounds the problem as you dwindle real assets for paper..If the paper falls again, you now have less real assets to support your lower paper values, this causes a larger fall than if no gold was sold...

Gaza War: Expect a Spike in Oil, Gold

As the dollar is stronger when gold was last at 880, the price of gold rose significantly in 08, continuing is bull run. This year will be no different. As all other asset classes have fallen, gold has risen.YTY it is up around $50 from last dec. 31st date. This is no coincidence. Even with 2 large banks holding most of the short interest into one lump immovible sum, gold still rose YTY. 09 will leave banks less firepower, and less news to support lower gold, so they will have to let it go up a bit more than last year, percentage wise...Obama is great for gold, as deficit spending will reflect in a weaker dollar and stronger gold prices to match...Expect huge premiums for physical vs. paper gold to rise dramatically this year as bank confidence and COMEX trust fades...If just 5% of future contracts were to take delivery it would wipe out COMEX's gold customers and send the price to the moon...Buy gold in its physical form now, while you still can find it..

How Much Worse Can It Get For Oil?

I refuse to debate people anymore on price manipulations. Its like trying to teach an old person how to use a vcr. If you stuck in your rose colored non conspircacy glasses, then you will never see them, because it takes an open mind to see things. Look at diesel prices vs. gasoline prices. You can buy diesel in Mexico cheaper than here, and we make it here, and ship it there. This is on purpose, so Mexican and big company trucking can eliminate the small business owners. I am a small moving company owner, and I employ 10 people. There are a million of mes. Guess whats going to happen to those 10 people I hired if diesel prices keep going up. Well, im going to have to cut there pay, raise my prices(on a service industry, in this economy, good luck with that, all the while I get ever increasing price competition by large company diesel purchases I can never tap), or cut there wages, or I can choose to make less profit. So if I make any less profit, I will be called a hobby by the FEd Gov.(dont make money by the 5th year). I will lose all tax benefits, and be treated differently. But Sirius can lose money since its inception, and there not treated as a hobby.

How Much Worse Can It Get For Oil?

MrMike, you give way too much credit to the inefficiencies of govenment, and the actual effect of environmentalitst. Trust me, if we wanted to drill the Alaskan Reserves, etc... we would. No environmentalist or democrat is going to stop them. You think the Republicans and the Democrats are on the opposite sides on this issue. O, they are on the same side. Big oil(what does that mean anyway) will get what they need(because our economy needs it). If theres was another industry that our country needed, our government would do whatever that company needed to be profitable and functional(look at what they are doing for banks right now). All your babble about this group and that group affecting this or that is not acknowledging the truth of the situation.

How Much Worse Can It Get For Oil?

User 189774, and how would that have gone? Taken "care of it". I think we have done as good a job as any country in taking "care" of our oil concerns. Are the 700 military bases throughout the world not enough for you? Would you like more bases in Saudi Arabia and Iraq? Why do you think they let us in there country? They dont have a choice, dummy. Our government WANTS high oil prices, the sooner you people realize that the better. If we wanted cheaper oil, we would have passed manditory laws forcing companies to produce alternative fuels or lose government subsities, and tax breaks. But this does not happen, and will never happen. Remember, people do what they want, and our country has never wanted to lessen its foreign oil demand, so we never have.This keeps demand low, and makes our reserves last longer, and we can continue longer with our oil driven machines and machines of destruction.