Long term gold chart forming flag formation and it should push it higher....we wont see too much more deflation...come on people, obama is coming to town....by the way, who wants to bet that the next release of tarp funds will have a "lend or die" clause attached...banks will start lending next year, nobody wants another great depression...gold, 1500+ next year
Congrats on your son...too bad he didnt take out student loans, could be paying them back with trillion dollar notes here shortly....
in regards to your hyperinflation comment...republicans / democrats...who cares, this has been an ongoing problem for years...ie: since we got off of the gold standard / bren. woods....usa has put off a few recessions due to cheap money policy...no doubt...
Your comment on central banks is completely out of line..along with your comment about military...wait until we cut back our military spending...the usa will be a sitting duck...mark my words....
good luck to you this new year....currency crisis is coming this year! :)
On Dec 28 06:11 PM otbricki wrote:
> Sorry to disappoint you but my mortgage is paid off. My youngest > son just finished college too. Without any student loans. > > Regardless of who I voted for, if we have hyperinflation it will > be due to the massive debt accumulated due to the Republican concept > of 'supply side economics' i.e. cut taxes but spend all you want > on foreign military adventures that do nothing to shore up the US > economy. > > As far as central banks selling gold didn't we just see a lot of > that last year? I thought so. Central banks buy and sell gold for > political reasons. They don't have investment goals. > > On Dec 28 02:12 PM Dollar Bull Sh** wrote:
Why Aren't Gold and Silver Even Higher? [View article]
wow, potential inflation andy? inflation is coming, you think the fed is going to allow another great depression?
bonds-nobody wants to buy...cant raise the interest rates...cant pay it back at a higher rate, unless we tax ppl more; which will cause less tax revenue with higher unemployment....
we have to keep rates low and continue to print...which causes banks not to lend because they would have little/no profits when inflation kicks in...
my guess, hyperinflation with a depression at the same time.
Why Aren't Gold and Silver Even Higher? [View article]
all you bartering people...first of all...i do agree that other commodities will perform better than gold...where the hell am i going to store enough wheat, water, oil and lumber to barter? most people dont offer any type of service that they can use to barter with.
Recession Is Over; Depression Has Just Begun [View article]
Great article...in regards to Howard_T's comment about rapid inflation...should he do a little research-he would find that this spending will lead us on a road to much worse than rapid inflation. It's called HYPERINFLATION, which is caused by a lack of confidence in a currency. Check it on on wikipedia.
Japan could have massive amounts of cash in market as their consumers save a majority of earnings. US consumers are just beginning to save...not a good formula.
Anybody think we can have a hyperinflationary depression?
Housing: 'We're About to Have a Big Problem' [View article]
LOL...yeah, 10 year rate shooting up...just what we need, rising mortgage rates to help support your theory...sorry guy, we will see prices back where they were in the 1980's...
On May 26 09:13 AM Tim Plaehn wrote:
> As most of the country and especially commenters on this site are > married to the paradigm that home prices will continue to fall. What > if prices start to increase? How will the mindset of buyers, homeowners, > construction companies change? Will someone with good credit walk > away from his home if he starts to see the value increasing? Will > homebuilders start to add jobs if they can sell more homes? Will > real estate and economic "experts" be proven wrong once again? With > Uncle Sam and the state of California giving buyers up to $18,000 > to buy a home will sellers start to realize they can hold out for > more money? > Think about how things would change if prices started to increase. > I have already seen bumps in median prices in diverse locations such > as San Diego, Sacramento and on this site today, Northern Virginia.
Do you know what your are talking about? China has added 75% more gold to their holdings since 2003...
In regards to our government...they cannot control gold prices forever...it is a currency, will be treated as one again...per China and Russia; both of which want gold included in the IMF's SDR.
Yep, stocks are back alright....until Thursday when stress tests are announced..probably wont be until next month, so more changes can be made...hell, give me trillions, Im sure I can make 2% and change my accounting methods to show a much greater return...
On May 05 01:47 AM Yoon Kim wrote:
> Gold is losing luster because: > > 1) equities are back > 2) shorts have no money and scared to go to gold > 3) no more buyers...you are either a goldbug or not and goldbugs > already are all in > 4) crude is back as the benchmark. China doesn't want gold, they > want oil. Their manufacturing economy runs on crude not on gold. > > > but you can never ignore the last reason: > 5) US Government/world central bankers want it that way
LMFAO...pull up the call options for gold delivery June...10K+ contracts at 1,000 and just over 9K contracts for 1,200 strike. Yep, Im sure we are heading down...
Where do you get your info guy? By the way, hyperinflation always occurs when an economy is performing poorly, not well. Gold has put in a nice base at 865 with potential for 850...
Lets take a look at a few more bullish facts: 1. Easing to the tune of 2T and more to come 2. CRB index at an extreme low 3. China wants to continue to finance our debt, thats why the 10 yr has shot up over, LMFAO... 4. More cash ever in print mode
If you want to sell your gold I will gladly take it off your hands
8 Reasons ETF Investors Go for the Gold [View article]
BCNCV- working in the gold sector, i agree with your comment but with one big if.....
housing relies on great supply/demand fundamentals as well as available credit, both of which are horrible right now, and will remain horrible...i think you would have been better off suggesting oil....have fun storing 1000 barrels at your house
Three Factors that Will Drive New Home Sales [View article]
I can't stop laughing..........I really like the interest rate factor. So, what happens when rates shoot through the roof? I can lose my butt then? LOL
Great post! I work in the industry, I hear on a daily basis about how bad of an investment gold is...its going higher and investors don't realize that it is due to confidence in the currency...nothing more. Moreover, if one were to look at a monthly chart, as soon as the dollar has broken the 13 MMA, it has sold off consistently for a minimum of 2 years without trading higher than the 13 MMA.
On Oct 06 01:59 PM Mad Hedge Fund Trader wrote:
> vhu Of course you knew it was going to happen like this. After churning > around just below the old high, and sucking in as many profit takers > and short sellers as possible, gold blasted through to a new high > for the year of $1,038. Never mind that the triggering event is complete > balderdash, a story in Britain’s Independent newspaper asserting > that the Middle East is holding secret global talks to price crude > in the yellow metal or other currencies (click here for story at > www.independent.co.uk/... > ). It didn’t hurt that Australia cut its interest rates by 0.25%, > the first G-20 country to do so. There probably isn’t enough gold > in the world to finance more than a few weeks of global oil production. > Total gold holdings would only fill two Olympic sized swimming pools. > But never let the truth get in the way of a good trade. The confirming > moves couldn’t be more ubiquitous, with the Canadian, New Zealand, > and Australian dollars all up big, commodities strong, and silver > also going ballistic. Regular readers will all recognize these as > old friends of mine, core longs that I have been strongly recommending > since the beginning of the year. I have been trying to get investors > into gold since it was at $800. If you aren’t in gold by now, I can > only tear my own clothes and flagellate myself for my abject failure > to convince you of gold’s merits. US government debt is exploding, > and with foreigners holding a large part of our paper, the only way > to get out of this mess is to devalue the dollar. It’s like Obama > invited China’s president Hu Jintao to dinner at an expensive Upper > East Side restaurant, and was suddenly called away by a crisis, leaving > him with a big fat bill. Next stop $1,200, then $1,500, then the > old inflation adjusted high of $2,400. If you want me to help you > get set up to trade futures in any of this stuff, please email me > at madhedgefundtrader@yah... If you want to know where to buy physical > gold and silver in size with the tightest spreads over spot, check > with the experts at www.millenniummetals.net/
our president should have been ordering more nuke plants and oil refin. as soon as this article hit the press...
On Oct 06 11:15 AM OldFordTruck wrote:
> Domestic natural gas should help support the transition to a more > renewable energy economy. We should have started converting our transportation > system over to it years ago. Higher oil prices and loss of the reserve > currency will help push it into the mainstream. 10 years would be > enough time to build more nuclear power plants....assuming we have > the funds to build them!
our president should have been ordering more nuke plants and oil refin. as soon as this article hit the press...
On Oct 06 11:15 AM OldFordTruck wrote:
> Domestic natural gas should help support the transition to a more > renewable energy economy. We should have started converting our transportation > system over to it years ago. Higher oil prices and loss of the reserve > currency will help push it into the mainstream. 10 years would be > enough time to build more nuclear power plants....assuming we have > the funds to build them!
they have to deny the article...last one holding dollars is a rotten egg. all the countries you mentioned are trying to accumulate commodities at a stable price, not drive the price of gold to all time highs.
On Oct 06 10:16 AM Living4Dividends wrote:
> Thanks for the article. I believe that the original article in The > Independent and the now-deleted Reuters article were based on rumors > and not actual sources. The fact that Reuters deleted the article > gives credence to this argument. > > Japan, Saudi Arabia, UAE, and Russia have denied the allegations.
Sort by:
Latest comments | Highest ratedChart of the Week: Gold [View article]
Gold Poised to Move Higher [View article]
in regards to your hyperinflation comment...republicans / democrats...who cares, this has been an ongoing problem for years...ie: since we got off of the gold standard / bren. woods....usa has put off a few recessions due to cheap money policy...no doubt...
Your comment on central banks is completely out of line..along with your comment about military...wait until we cut back our military spending...the usa will be a sitting duck...mark my words....
good luck to you this new year....currency crisis is coming this year! :)
On Dec 28 06:11 PM otbricki wrote:
> Sorry to disappoint you but my mortgage is paid off. My youngest
> son just finished college too. Without any student loans.
>
> Regardless of who I voted for, if we have hyperinflation it will
> be due to the massive debt accumulated due to the Republican concept
> of 'supply side economics' i.e. cut taxes but spend all you want
> on foreign military adventures that do nothing to shore up the US
> economy.
>
> As far as central banks selling gold didn't we just see a lot of
> that last year? I thought so. Central banks buy and sell gold for
> political reasons. They don't have investment goals.
>
> On Dec 28 02:12 PM Dollar Bull Sh** wrote:
Why Aren't Gold and Silver Even Higher? [View article]
bonds-nobody wants to buy...cant raise the interest rates...cant pay it back at a higher rate, unless we tax ppl more; which will cause less tax revenue with higher unemployment....
we have to keep rates low and continue to print...which causes banks not to lend because they would have little/no profits when inflation kicks in...
my guess, hyperinflation with a depression at the same time.
Why Aren't Gold and Silver Even Higher? [View article]
just a few reasons why people own gold/silver...
Recession Is Over; Depression Has Just Begun [View article]
Japan could have massive amounts of cash in market as their consumers save a majority of earnings. US consumers are just beginning to save...not a good formula.
Anybody think we can have a hyperinflationary depression?
Housing: 'We're About to Have a Big Problem' [View article]
On May 26 09:13 AM Tim Plaehn wrote:
> As most of the country and especially commenters on this site are
> married to the paradigm that home prices will continue to fall. What
> if prices start to increase? How will the mindset of buyers, homeowners,
> construction companies change? Will someone with good credit walk
> away from his home if he starts to see the value increasing? Will
> homebuilders start to add jobs if they can sell more homes? Will
> real estate and economic "experts" be proven wrong once again? With
> Uncle Sam and the state of California giving buyers up to $18,000
> to buy a home will sellers start to realize they can hold out for
> more money?
> Think about how things would change if prices started to increase.
> I have already seen bumps in median prices in diverse locations such
> as San Diego, Sacramento and on this site today, Northern Virginia.
Why Gold Is Losing Its Shine [View article]
In regards to our government...they cannot control gold prices forever...it is a currency, will be treated as one again...per China and Russia; both of which want gold included in the IMF's SDR.
Yep, stocks are back alright....until Thursday when stress tests are announced..probably wont be until next month, so more changes can be made...hell, give me trillions, Im sure I can make 2% and change my accounting methods to show a much greater return...
On May 05 01:47 AM Yoon Kim wrote:
> Gold is losing luster because:
>
> 1) equities are back
> 2) shorts have no money and scared to go to gold
> 3) no more buyers...you are either a goldbug or not and goldbugs
> already are all in
> 4) crude is back as the benchmark. China doesn't want gold, they
> want oil. Their manufacturing economy runs on crude not on gold.
>
>
> but you can never ignore the last reason:
> 5) US Government/world central bankers want it that way
Why Gold Is Losing Its Shine [View article]
Where do you get your info guy? By the way, hyperinflation always occurs when an economy is performing poorly, not well. Gold has put in a nice base at 865 with potential for 850...
Lets take a look at a few more bullish facts:
1. Easing to the tune of 2T and more to come
2. CRB index at an extreme low
3. China wants to continue to finance our debt, thats why the 10 yr has shot up over, LMFAO...
4. More cash ever in print mode
If you want to sell your gold I will gladly take it off your hands
When Goldman Might Have Failed [View article]
8 Reasons ETF Investors Go for the Gold [View article]
housing relies on great supply/demand fundamentals as well as available credit, both of which are horrible right now, and will remain horrible...i think you would have been better off suggesting oil....have fun storing 1000 barrels at your house
Three Factors that Will Drive New Home Sales [View article]
Dollar Hegemony Is Ending [View article]
On Oct 06 01:59 PM Mad Hedge Fund Trader wrote:
> vhu Of course you knew it was going to happen like this. After churning
> around just below the old high, and sucking in as many profit takers
> and short sellers as possible, gold blasted through to a new high
> for the year of $1,038. Never mind that the triggering event is complete
> balderdash, a story in Britain’s Independent newspaper asserting
> that the Middle East is holding secret global talks to price crude
> in the yellow metal or other currencies (click here for story at
> www.independent.co.uk/...
> ). It didn’t hurt that Australia cut its interest rates by 0.25%,
> the first G-20 country to do so. There probably isn’t enough gold
> in the world to finance more than a few weeks of global oil production.
> Total gold holdings would only fill two Olympic sized swimming pools.
> But never let the truth get in the way of a good trade. The confirming
> moves couldn’t be more ubiquitous, with the Canadian, New Zealand,
> and Australian dollars all up big, commodities strong, and silver
> also going ballistic. Regular readers will all recognize these as
> old friends of mine, core longs that I have been strongly recommending
> since the beginning of the year. I have been trying to get investors
> into gold since it was at $800. If you aren’t in gold by now, I can
> only tear my own clothes and flagellate myself for my abject failure
> to convince you of gold’s merits. US government debt is exploding,
> and with foreigners holding a large part of our paper, the only way
> to get out of this mess is to devalue the dollar. It’s like Obama
> invited China’s president Hu Jintao to dinner at an expensive Upper
> East Side restaurant, and was suddenly called away by a crisis, leaving
> him with a big fat bill. Next stop $1,200, then $1,500, then the
> old inflation adjusted high of $2,400. If you want me to help you
> get set up to trade futures in any of this stuff, please email me
> at madhedgefundtrader@yah... If you want to know where to buy physical
> gold and silver in size with the tightest spreads over spot, check
> with the experts at www.millenniummetals.net/
Dollar Hegemony Is Ending [View article]
On Oct 06 11:15 AM OldFordTruck wrote:
> Domestic natural gas should help support the transition to a more
> renewable energy economy. We should have started converting our transportation
> system over to it years ago. Higher oil prices and loss of the reserve
> currency will help push it into the mainstream. 10 years would be
> enough time to build more nuclear power plants....assuming we have
> the funds to build them!
Dollar Hegemony Is Ending [View article]
On Oct 06 11:15 AM OldFordTruck wrote:
> Domestic natural gas should help support the transition to a more
> renewable energy economy. We should have started converting our transportation
> system over to it years ago. Higher oil prices and loss of the reserve
> currency will help push it into the mainstream. 10 years would be
> enough time to build more nuclear power plants....assuming we have
> the funds to build them!
Dollar Hegemony Is Ending [View article]
On Oct 06 10:16 AM Living4Dividends wrote:
> Thanks for the article. I believe that the original article in The
> Independent and the now-deleted Reuters article were based on rumors
> and not actual sources. The fact that Reuters deleted the article
> gives credence to this argument.
>
> Japan, Saudi Arabia, UAE, and Russia have denied the allegations.