When one looks at the big picture -700 unemployed applying for a janitors job, 1,000's of Americans homeless and moving in with family or worse tent cities, millions of people out of work... you have to be realistic. The domino effect has just begun and it is racing around the entire globe. The world is not only on a precarious financial precipic, but we also have a myriad of security issues to worry about. Along with that, add in the usual natural disasters we can count on every year, and the growing discontent,frustration and fear in the world's population. Tell me, do you really think that the day to day ups and downs of the dow will make a difference in 99% of the world's population? Traders are making money whether the market goes up or down but the average guy in the street with no money and no job still doesn't have money to spend. Meanwhile, more jobs are lost every month, and the cycle continues. Unfortunately, this crisis is not over and we will continue to see fluctuations in the market. Have your stops in place...
Oracle of Omaha Warns of 'Onslaught of Inflation' [View article]
"You cannot multiply wealth by dividing it." So true...and that has been exactly what the financial markets did for the last 2 decades- unregulated, which is why we are in this mess. Take a loan, divide it and resell it 10 different times...who can make any sense of who owes whom?
Silver Trust Adds 420 Tonnes to Its Stash [View article]
Please don't tell me that you are concerned with a drop on any given day. There are people who trade between .10 cent moves... There are others that look at a 3-6 month window and others that hold till retirement. The market moves. Period. For a thousand reasons. Learn to trade the moves or relax.
Lou Paquette: Gold's Bull Market Just Coming Out of Its Shell [View article]
It's been a great investment for me! I guess you didn't bother to buy any?
On Feb 22 11:57 AM ROLEXDAYTONA wrote:
> it's nice to observe, the higher the gold price, the more bullish > comments are flowing, just few month ago, when gold was 700, the > comments dried up the same as gold/mining stocks melted 70-90 percent > down, now with gold up 44 percent, the mining stocks are down 50 > percent on average from their peak. > you eat it, you will vomit it.
Indians Are Selling Gold - Is Their Thinking Right? [View article]
There are people here in the US also selling off their gold at parties -no less! Desperate for a few hundred dollars to pay bills, or buy groceries, they see no reason to hold onto gold fillings, broken chains and single earrrings.. We have learned that most of the world lives week to week, paycheck to paycheck. Instant gratification has always been the story for most, and look where it has led them. The prudent, and those that have had the sense of mind to not get involved in the shenanigans of the masses are holding on to their gold, and hosting the gold buying parties! We are the same ones that sold out of the market long before the false rallying cry that "the fundamentals of the economy are strong" lulled most of the world into a false sense of security. Look at how many people lost their retirement and life savings by listening to the "experts". The only thing that will get you through the next few years is some common sense and a strong gut. If you had taken some of your investments, cashed out, you could have emergency funds available, gold and silver that has gone up over 25%+, 6-12 months food, water etc, and money to invest back in the market at record lows. It is really not that hard...
Rick Santelli: The Best Five Minutes in CNBC History [View article]
Bush, his Daddy, his cronies and their economists have had their turn and they have done a "beautiful" job of turning this country into a DISASTER!!! Obama has been in office ONE month and everything is his fault... What a strange illusion some of you live under....
On Feb 20 09:10 AM willynill wrote:
> Santelli has it right, and CNBC's poll shows that 93% of respondents > agree with him. Santelli knows that Obama's economists are not much > smarter than Obama himself and that the "rescue plan" will not work. > Finally, a breath of fresh air.
Maybe you should have held on for a little bit longer...I always find it curious when an investor who invests in the same things that I do, then uses derogatory terminology to define anyone anyone not selling when they are...Funny, they don't give out derogatory terms for people trading oil.
The U.S. Dollar: Waiting to Tank Gold's Run? [View article]
Smart money buying gold in 1198 to 2002 for $275 and holding it today for $913 +-????. Or years later, for $400++++ and seeing it rise to $1000 and holding at $750+- in the 6 months. Pick your timeline... Who else has seen gains like this???? Gold bugs are not complaining. Has anyone noticed? A lot of my "traditional" portfolio tanked. Thank goodness I knew what to I had to do.
Bernanke, Paulson and the banks are playing one big game of Monopoly and changing the rules every time the get the dice. Remember when you were a kid and the "banker" always ended up winning? It's easy to stay ahead when you are the one doling out the money to yourself and your best friend. The best way to end the game is to stop playing. One option - and they will hate you for it, is to invest in gold and take possession...As long as you are playing with their "play money" they win the game.
Which Black Swan Will Pop the Treasury Bubble? [View article]
What will burst the bubble is the realization that foreign governments, and their wealthy investors are no longer buying our debt! November report is already out! No one wants to be the last one in.. There will be no small unwind, just one mighty pop.
Airline Rescue, Obama Inauguration Provide Hope for Troubled Economic Market [View article]
As much as I would love to put my hope in miracles, I think I for the time being I am going to ignore the manic rallys of a market out of control. When bad economic news is ignored and a miracle on the Hudson rallys a stock you know something is clearly "skewed".
Global Markets in Review: Stock Market Outlook [View article]
With foreign governments and foreign investors dumping our long term securities, (report just out) I would say our sh*t just hit the fan. As the rest of the world and Americans wake up to the aroma of BS, they will start to dump and this bubble will be popped. Next?
Foreign Governments Dumping U.S. Assets [View article]
The sad fact is millions of Americans have been duped into buying treasuries etc... because they were told that this is where the safety is..Hence the bubble. It will burst and those that saw this coming will be relieved they did not pay attention and are long on Gold, Silver and other precious metals.
Gold: Wealthy Investors Want Bars, Not Paper [View article]
The truth is that the entire US govt. has engaged in a conspiracy to prop up the dollar and in order to get away with it, has allowed alot of huge corporations to get in on the game. They believed in the trickle down theory and for awhile it worked as most of America ended up with a better standard of living than the generation before them. The problem is that the ruse is up. The lies are being exposed and it is not pretty. The rug has been snatched from under our feet and we are tripping over ourselves and each other before we are trampled. The world is a lot more dark and sinister than anyone wants to believe. Unfortunately, if you don't wake up and take action on behalf of yourself you will be more likely to be one of it's victims.
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Latest | Highest ratedGold Is Going to Gain [View article]
The world is not only on a precarious financial precipic, but we also have a myriad of security issues to worry about. Along with that, add in the usual natural disasters we can count on every year, and the growing discontent,frustration and fear in the world's population.
Tell me, do you really think that the day to day ups and downs of the dow will make a difference in 99% of the world's population? Traders are making money whether the market goes up or down but the average guy in the street with no money and no job still doesn't have money to spend. Meanwhile, more jobs are lost every month, and the cycle continues. Unfortunately, this crisis is not over and we will continue to see fluctuations in the market. Have your stops in place...
Oracle of Omaha Warns of 'Onslaught of Inflation' [View article]
So true...and that has been exactly what the financial markets did for the last 2 decades- unregulated, which is why we are in this mess.
Take a loan, divide it and resell it 10 different times...who can make any sense of who owes whom?
Silver Trust Adds 420 Tonnes to Its Stash [View article]
The market moves. Period. For a thousand reasons. Learn to trade the moves or relax.
On Feb 24 07:20 PM hawaiismk wrote:
> Then why such the big drop today?
The Gloom Talk from the Top Needs to Stop [View article]
Feel Better? If you listened to the idiots spouting this last summer you have lost half your wealth.
Keep your head buried in the sand and you will lose the rest.
Lou Paquette: Gold's Bull Market Just Coming Out of Its Shell [View article]
It's been a great investment for me! I guess you didn't bother to buy any?
On Feb 22 11:57 AM ROLEXDAYTONA wrote:
> it's nice to observe, the higher the gold price, the more bullish
> comments are flowing, just few month ago, when gold was 700, the
> comments dried up the same as gold/mining stocks melted 70-90 percent
> down, now with gold up 44 percent, the mining stocks are down 50
> percent on average from their peak.
> you eat it, you will vomit it.
Indians Are Selling Gold - Is Their Thinking Right? [View article]
We have learned that most of the world lives week to week, paycheck to paycheck. Instant gratification has always been the story for most, and look where it has led them.
The prudent, and those that have had the sense of mind to not get involved in the shenanigans of the masses are holding on to their gold, and hosting the gold buying parties! We are the same ones that sold out of the market long before the false rallying cry that "the fundamentals of the economy are strong" lulled most of the world into a false sense of security.
Look at how many people lost their retirement and life savings by listening to the "experts". The only thing that will get you through the next few years is some common sense and a strong gut. If you had taken some of your investments, cashed out, you could have emergency funds available, gold and silver that has gone up over 25%+, 6-12 months food, water etc, and money to invest back in the market at record lows.
It is really not that hard...
Rick Santelli: The Best Five Minutes in CNBC History [View article]
Obama has been in office ONE month and everything is his fault... What a strange illusion some of you live under....
On Feb 20 09:10 AM willynill wrote:
> Santelli has it right, and CNBC's poll shows that 93% of respondents
> agree with him. Santelli knows that Obama's economists are not much
> smarter than Obama himself and that the "rescue plan" will not work.
> Finally, a breath of fresh air.
Sorry Gold Bugs, It's Time to Sell [View article]
The U.S. Dollar: Waiting to Tank Gold's Run? [View article]
Who else has seen gains like this????
Gold bugs are not complaining. Has anyone noticed? A lot of my "traditional" portfolio tanked. Thank goodness I knew what to I had to do.
Helicopter Hank [View article]
The best way to end the game is to stop playing. One option - and they will hate you for it, is to invest in gold and take possession...As long as you are playing with their "play money" they win the game.
Which Black Swan Will Pop the Treasury Bubble? [View article]
No one wants to be the last one in.. There will be no small unwind, just one mighty pop.
Airline Rescue, Obama Inauguration Provide Hope for Troubled Economic Market [View article]
Global Markets in Review: Stock Market Outlook [View article]
Foreign Governments Dumping U.S. Assets [View article]
Gold: Wealthy Investors Want Bars, Not Paper [View article]
The problem is that the ruse is up. The lies are being exposed and it is not pretty. The rug has been snatched from under our feet and we are tripping over ourselves and each other before we are trampled.
The world is a lot more dark and sinister than anyone wants to believe. Unfortunately, if you don't wake up and take action on behalf of yourself you will be more likely to be one of it's victims.