paxjds

Gold and Silver Dead Cat Bounce into Resistance Levels

The dollars dead cat bounces will eventually cease to bounce, laws of physics. Then the dollar will lay there, Dead as Dead, dead, and dead. Better be in precious metals.
Yours truly,
Noah from Genesis

Gold Price Appreciation Likely on Eurozone Debt Concerns

Yes, that is the fat lady singing in the background. I last heard her on a French gunboat in 1970 or 71 sailing for the US , mad as hell as we would not pay in Gold.


On Dec 16 09:42 AM ManAboutDallas wrote:

>
> The EU itself is toast, Mr. Wachtel, and because it is, its HandMaiden
> the Euro is toast, as well.
>
> The notion that the disparate nations of Europe were suddenly going
> to kiss and make nice after centuries of fighting amongst themselves
> was a Fairy Tale concocted by 20th Century daydreamers.
>
> And then to believe they were going to adopt a common currency and
> treat it with any sort of respect was piling idiocy on top of delusion.
>
>
> Watch for Germany to start making plans to resurrect the Deutschemark,
> and the French right behind them with a "new, improved" Franc.<br/>
>
> Is that the Fat Lady I hear warming up off-stage?
>
> On Dec 16 08:53 AM Cliff Wachtel wrote:

Gold Bubble Bursting, Or Just Another Correction and Consolidation?

Man about Dallas.
I am a political conservative and also conservative in my gold forecast. I GIVE YOUR FORECAST AT LEAST A 50% probability. But now we have an excellent range for the astute readers and investors. Buy physical Gold and Hold for long term. paxjds


On Dec 09 02:17 PM ManAboutDallas wrote:

> Both numbers are inevitable, but much sooner than your expectations.
> We'll see $2300 easily some time next year, 2010, and $6000 no later
> than your 2012.
>
> Today's Treasury auction was much worse than expected, and signals
> the start of the REAL monetisation, because what it means is that
> the Fed is soon to be the Buyer Of Last Resort for future Treasury
> auctions, which means the Money Presses which are already at redline
> RPM are going to be cranked up even faster.
>

Gold Bubble Bursting, Or Just Another Correction and Consolidation?

The gold bubble price of $2300 ala 1980 in today's dollars will be a new floor in gold when it is hit. We have 25% more people on the planet, central banks are buyers now, we have printing presses running around the world cranking out phony fiat currency that are depreciating as fast as they come off the press, and gold production is in a long term down. Look for physical gold to be $2300 before the end of 2012, and gold to be at least $6,000 by 2020. Physical Gold is the only long term Buy and Hold on the planet.

Investing in the Precious Metals Market

Jeff, can you or someone you know/correspond figure out the following:
Take all the estimated currency in the world converted to say $dollars, and then divided by all the known OZ's of Gold in the world to get a $/OZ that would be a good estimate of Gold if the world was on a 100% gold standard.
This then should be the real value of gold before anyone gets concerned about a bubble over this amount.

Silver Trade Is Better than Gold

GLD and SLV are good for day traders only. Doubtful they have any gold or silver, so dont get caught owning them when the music stops. Even hedge funds are leaving GLD for gold coin and bullion where they take possession.

Monex is great for coins and bars, but I recommend taking possession. In this day and age you cannot be cautious enough. CEF out of Canada for gold and silver is the only fund I know with Gold and Silver, and audited twice a year.
I am comfortable with them, and from many articles, they are highly recommended with 45 years or so in operation with no blemishes.

Extra fiat paper money is nice, but silver and especially gold is where you take your winnings off the table for long term gain and security from all the market and political manipulations and shenanigans.

Gold Confirms Currency Hedge Status

Buy gold and take possession to counter the "shorts" manipulation. Buy real gold while you still can. Will GLD go Bust when real gold reaches $2,000 and people start unloading the Fiat GLD paper?

Lawrence Roulston: Gold Will Go Higher

Buy gold and take physical possesion. Dont buy paper gold like GLD as it has as much backing as a US dollar, nothing. When enough investers take possession, the bankers will stop selling into the market to preserve their rapidly dwindling gold reserves. Gold prices will then go much higher when the banks fail to cover the demand by investors. Checkmate on Central bank manipulation of gold prices.

Has Gold Been Manipulated?

Buy gold and take possesion. When enough buyers take possesion, gold will shoot up.
Buying GLD is spending paper money to buy paper gold, yes, you get a piece of paper period. Barnum and Bailey Bankers are alive and well selling GLD. Anyone who spends fiat money printed by the US treasury to buy paper gold printed by banks is an absolute idiot and deserves to lose his paper money.
Take possesion of Gold or dont buy it.

Gold and Silver Are Not Proven Inflation Hedges

In 1935 $35 got you 35 $1 BILLS, or one oZ of gold. Today those $35 one dollar bills are still worth $35. Savings accounts at banks are always way below the CPI index, and in the past 15 years, the CPI has become a joke as our good Uncle tells us it is 3%, but a big Mac has been going up 2-3 times faster than that.
One once of gold is now only worth $700+ today. A one OZ St Gaudens MS62-66 coin is easily worth $1350 to $35000 each today. With the high and prolonged inflation sure to follow the worldwide inflation to follow, I'll stick with 15% alllocation to St. Gaudens vrs. our Good old Uncle. The remaining 85% sitting on the sidelines since July of 07 in a money market, and ill wait for the real bottom. Hope your portfolio is doing as well.