FoxV

You Can Get on the Gold Train and Ride the Dollar

And add to that, the US mint just suspend Gold Eagle sales. (won't provide a link because every time I do, by post gets yanked)

So first Silver, now Gold Eagles. hmm, raises many questions doesn't it. But I'll side step those and just mention, we now have crashing prices coinciding with shortages.

This is what is known as a "Back up the truck" signal. Don't wait too long to bottom feed. The snap back from this dollar foolishness is going to be astounding.

You Can Get on the Gold Train and Ride the Dollar

Shorting gold two weeks before the time it traditionally rises (some times a lot) Nice timing. Find a dollar positive play if you wish, but betting on gold going down in September is pure folly.

All this talk of technicals, but no mention of why the USD has spiked (in a completely unnatural manner) recently. The ECB just went out and bought a wackload of USD. Why, Currency manipulation to give a cover for more interest rate cuts.

There are is so much bad paper out there, bank write downs are heading into the multi trillions (and this is without considering the derivatives fiasco). The Fed funds rate is going to 0%. Bernanke is going to throw the USD under the bus.

So ride the US Dollar at your own peril.

The International Gold Rush: Bulls May Soon Be Rewarded

"Gold made a double top after an eight year run. Its down down."

hindsight is always wonderfull but completely useless, and in the case of gold, completely wrong.

Can't vouch for the last 8 years, but in the last 6 years gold has made 6 double tops. Each of them similar in magnitude and structure to this one.

The US dollar index however made a double top in 2001 and has been a train wreck ever since. I don't see it turning around anytime soon while Ben is at the helm.

Best predictor of Future behavior is past behavior

'Gold as Money' Means a Potentially Massive Rise in Valuation

Your link refers to MZM (money at zero maturity) which refers to actual cash. Mr. Stanczyk is referring to M3 which is now hidden from the public but was last officially at $10T
en.wikipedia.org/wiki/...

That was in 2005, and has since been growing at an average of 12%
www.shadowstats.com/al...
That would would put it at $14T today.

Sorry I can't provide an official link because there is no official publication of the once incredibly useful M3 report. I loved watching those anonymous "Caribbean banking centers" suck up all the cash that the OPEC countries where dumping. Sure would be nice to seen the M3 make-up today.

Got wheelbarrow?

'Gold as Money' Means a Potentially Massive Rise in Valuation

I agree in principle with this article but I don't think an "orderly/organized" return to the gold standard is possible. The world's fiat currencies have gone to far over the cliff to turn back now. The country or organization that implements a gold standard now will bring about unbelievable pain to the USD and other currencies and crush the global economy. Just imagine the chaos that would insue if every country's money supply growth appeared in their exchange rates with a Gold back currency.

Ultimately the world will return to a gold standard, but not until the "Hell or High Water" efforts to suppress the Gold have failed.
Those that have foreseen the death of the USD have been wrong before and they will be wrong again. Never underestimate the resilience of the powers that be to bail out a sinking ship. After all, they have 6.7Billion captives at their command to do the bailing.

But no matter how much bailing they do, one day, Hell or High Water will come. Just not today ;)

Gold and Oil Price Limits

ah yes 'Lentz, touting the sage wisdom of Keynes. Keynes quote wil one day be changed to "why should I care in the long run I will be dead"

Because what Keynes logic doesn't take into account is that someone will be left to deal with the mess that was wrought by no regard for the future. As it stand today, you already have to clean up the mess of three generations (you, father, grandfather). If you don't, you're children will have to clean up the mess of four generations

And when your middle age children are picking potatoes out of your backyard to feed you're feeble body and you are burning the last of your retirement stock and bond certificates and paper dollars to keep warm in the winter you'll say to yourself

"Man I really wish I bought some gold, but am I ever glad Keynes is dead"