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crisismode

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  • GLD: Whipsaw Not Likely Over [View article]
    @june1234

    Brilliant! I just love to see alert commenters point out the glaring inconsistencies in a post, where the author make a statement contradicting their own previous statements, just to suit their new whim of the moment.

    Tell us Avi, what was the epiphany that caused you to do a complete 180 on the COT report, which you previously derided?
    Jul 27 07:43 AM | 5 Likes Like |Link to Comment
  • For anyone thinking of selling gold on Goldman's call, consider pulling a George Costanza and do the opposite: Nomura suggests buying gold ahead of next week’s Fed meeting where it expects more easing. Nomura also sees a "tactical" opportunity to buy the metal at below $1,700; net longs are off their highs, which means there's a good chance these buyers will jump back into the market. [View news story]
    Always, Always, ALWAYS

    fade any recommendations from GS
    Dec 6 07:21 AM | Likes Like |Link to Comment
  • Central bank demand could push gold prices to $2,500/oz. in three years, Newmont Mining (NEM) CEO Richard O'Brien says, seeing central banks purchasing at least 450 tons of gold next year as they try to diversify reserves and protect against inflation; bank buys on price dips should help create a floor for gold prices at ~$1,600. [View news story]
    Please show me where I can buy an ounce of gold today for $1600.
    Sep 26 02:09 PM | Likes Like |Link to Comment
  • Why Gold Won't Reach $2,000 This Year [View article]
    "there is still no evidence for a rise in inflation. As of August 2012, the inflation is less than 2%"

    And if you believe government statistics on inflation, then I have a bridge in New York that I'd like to sell you.

    The government changed the model it uses to calculate CPI awhile back, using BS algorithms, effectively making inflation appear much tamer than it actually is; conveniently, this "official" CPI is tied to all sorts of indexing for entitlement payments (read Social Security), which makes government outlays MUCH less than they would if the original method was used.

    Over at shadowstats.com, John Williams uses the original method to calculate the current CPI, and the average over the last 5 years is running at 6%.

    Using the government CPI as the measure of True Inflation has zero credibility.
    Sep 15 09:08 AM | 8 Likes Like |Link to Comment
  • Gold And Silver Are On Their Last Legs ... For A While [View article]
    You display your ignorance with the statement "As the Fed is a public institution . . ."

    Anyone with a modicum of financial knowledge knows that the Fed is a PRIVATE institution that is owned completely by shareholders comprised of major banks.

    With that statement, the rest of your article loses complete credibility.
    Aug 17 09:53 AM | 1 Like Like |Link to Comment
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