Kelly Lieberman

Gaza War: Expect a Spike in Oil, Gold

The dollar rose in fact due to the "Great Sell-off" as everyone and their brother sold everything they owned to get cash to make their calls, pay debt, and try and save their declining market investments.
The FDIC will be moving in on Team Bank this week -watch your news- and you will likely see a flurry of more bank failures. As the Govt. sells more treasuries and bonds secured by the full faith and credit of the US Govt., (that is a hoot!) backed by freshly printed currency, the dollar will lose it's following. When it does, all hell will break loose. What will you be holding when that happens?

Why I Got Gold Wrong

Does anybody else have a Finance acct. on Yahoo? Gold ETF is stuck - not moving... has shown no trades... everything else is moving...while this link to live gold shows iGold moving upwards.
goldprice.org/live-gol....

Why I Got Gold Wrong

"Therefore, tragically, gold will go up and fast as people lose faith in other assets."

Very interesting choice of words...and very telling from the rest of your comments.

People who were astute enough to invest in Gold, did not invest in Gold and Silver because they are cheering on the sidelines for the collapse of the economy...they were just seeing the writing on the wall. Don't blame them for their lack of faith in the markets, obviously they knew something you admit that you didn't.
Actually, historically and as recently as seconds ago gold has been used as money. Maybe not by those that don't own any , but certainly by those that do.

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

Gold single biggest jump today. Diversify. I hope everyone paid attention....

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

Dave,
This is what I would do if I had limited funds:
Stock up on food, medicine, water, batteries, toiletries etc... Things that I know I will use anyway... but I will be buying at todays prices.
If I had kids I would make sure that I had basic clothes and shoes and outerwear (used is fine) that would get them through the next year.
I would buy at least 2 decent bikes with small trailers that attach.
I would buy seeds, soil and grow lights so I could start a garden in the winter if necessary. Buy a book for directions.
Buy a book on basic survival skills and read it.
Buy some good camping equipment, sleeping bags etc.. in case you need to relocate.
Think about the preparations people made for Ike. Make sure you have easy access to all important records for all family members.

No big deal if nothing goes down. You are prepared for any emergency. Recycle your food and water every 4-6 months and use that camping equipment for fun. Get on the bikes and get healthy... No big deal. If things get rough for awhile, you are a bit ahead of most..
Keep buying a little gold here and there. You don't have to go nuts.

I am not what anyone would call a "survivalist".. but I definately am a survivor.

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

User 30121, You too!

deuxsous, Just a concerned investor. I also invest in domains, and blog a lot about that industry. Right now, I am very relieved that I am involved in an industry that is appreciating faster than any commodity or stock on the planet.
If anyone is interested in learning more about the domain market you can take a look at dnjournal dot com. Within any market cycle there are still ways of making money....

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

Again, it is a matter of perspective. The Gold ETF did not "dump" gold. A buyer or buyers purchased 10 TONS of bullion!!!!

That is not a bearish trend.... that is a bull trend!

My post earlier noted that MSN reported that China is buying Gold...does anybody think that it might have anything to do with the fact that the US economy is tanking and we owe them a huge mountain of money and they are holding a worthless amount of our paper that we keep printing to keep bailing out our failing institutions???

If I was China, I would take those greenbacks and buy every ton of bullion I could get my hands on. Because remember folks, the dollar is backed by the full faith and credit of the US Government! There is no more faith in it, and the only credit we have left is the stuff we keep printing....

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

Who is buying? China. MSN Reports today that:

China: Dumping the dollar

The increasing wealth in China and India, as well as in the Middle East, is supporting the gold price.

The biggest single buyer of gold right now is likely China's central bank. China had amassed $1.8 trillion in official currency reserves by the end of June, much of it in U.S. Treasurys. Though the U.S. dollar has regained some strength lately, the International Monetary Fund, Warren Buffett and others still see the long-term trend as down. That's a big reason China watchers think the country is converting some of its cash into gold.

Map: World's largest gold buyers and sellers

China reported 600 metric tons of gold reserves at the end of June, or 1% of its total cash reserves. At today's prices, that's about $16 billion worth, or about 20 million ounces, less than half a percent of the estimated total gold in existence. Though Beijing is not reporting any addition of gold to its official reserves, some analysts at top trading and investment management firms believe China is quietly buying gold to diversify out of the dollar.

What we do know for sure is that Chinese citizens are increasing their purchases of gold. In 2007, Chinese retail investment in gold rose 63% to 32 metric tons, according to the Shanghai Gold Exchange, as China supplanted the U.S. as the second-largest consumer of gold. Also in 2007, China ended South Africa's 102-year reign as the largest gold producer in the world, taking the top spot as its production rose 8%, according to GFMS, a metals consulting company in the United Kingdom.

Monday, September 8: Week in Review

Vespuce, Ditto.
And as Cavuoto says,"Don't worry about finding the bottom, ..average out your accumulations."

Precious Metals: Emotions Still Stronger Than Fundamentals

MARK&SHARK,
I love that everyone of your posts (click on his name for proof) begins with, "I have read 2-7, 10-12, 1-15, words......blah , blah blah,". Great to see you doing your part to actually read a post before commenting...
Interesting...

The Disconnect Between Supply and Demand in Gold & Silver Markets

IOUSA hitting theatres tonight will be a major wake up call for many Americans as the media disseminates this information. I suspect that this will be the catalyst that creates the tidal wave of panic that has so far been rising too far out to sea for the Average Joe to notice.
This will be "The Day After".

The Disconnect Between Supply and Demand in Gold & Silver Markets

Click on Frankfurts name see all his anti-jewish posts.... Clearly the world is in very bad shape as this German has decided to blame everything on the Jews...

The Disconnect Between Supply and Demand in Gold & Silver Markets

You disclose holding GLD and SLV positions. Can you elaborate? What are your feelings on buying GLD and SLV ETFs now?