tb1975

Gold Battle Lines Drawn at $1,000 - Again

Where's Rolex18Daytona or whatever his name was? He was always spouting short propaganda but seems to be MIA.

Gearing Up for $1000 Gold

Gold will break 1030 in March, you are wrong (and short). You've been short since low 800s. How's that working?



On Feb 19 06:55 AM ROLEXDAYTONA wrote:

> gold will never break 1030$, i am short.

Evidence That Big Inflation Is Coming

Who cares if it is technically a deflation or not? Words are said or written to convey meaning. When most people use the word deflation, they mean falling prices. Prices fell = deflation. They don't care (nor do I) if it meets some clinical or technical definition of deflation, they just mean falling prices. Period.
Nouriel Roubini, the most prescient economist around, uses the term deflation. He knows the money supply is increasing. He simply means falling prices (via credit contraction and disappearing wealth) when he says deflation.
Likewise, when 99 of 100 people speak of inflation, they mean increasing prices. They could care less about whether the money supply is increasing- what they care about is whether their groceries, fuel, and other living costs are increasing or not.
This discussion of the technical meanings of these two words is useless. Words are meant to convey meaning. When most (nearly all) people use these words, they simply are referring to increasing or decreasing prices. End of story.

U.S. Dollar Strength and Implications for Gold

I meant half = $1.8 trillion, not $1.8 billion

U.S. Dollar Strength and Implications for Gold

The author writes yet another flagrant misquote of Roubini. Roubini DID NOT say that the US banks are in a $3.6 Trillion hole. He said they were on the hook for half ($1.8 billion) of the total $3.6 Trillion. Here is the text from Roubini's website:

"Jan 20 Roubini/Parisi: Assuming a further 20% fall in house prices and unemployment peaking at 9%, we project total loan losses to amount to $1.6T out of $12.4T loans outstanding. Of these $1.6T loan losses, about $1.1T accrue to U.S. banks and brokers.
# Mark-to-market prices as of December imply around $2T in writedowns on $10.8T U.S. originated securities outstanding. Flow of funds data show that 40% of U.S. originated securities are held abroad. U.S. banks' share of writedowns is about 30-35%, or $600-700bn for U.S. banks/brokers according to weights in IMF GFSR October 2008, table 1.1
# Total loan and securities losses amount to $3.6T, half of which accrue to the U.S. banking system, or $1.8T."
from rgemonitor.com

If you are going to quote (or cite) somebody, do it right. While this still makes for an insolvent banking system ($1.8 T in liabilities vs. $1.4 T in assets), doesn't this make the case for more Fed fiat money and monetization of that debt?

Sounds good for gold to me. I'll stick with my gold that was up 4% last year and holding steady this year versus any other investment. The author can keep buying dollars- see you at the finish line.

Despite Economic Headwinds, Gold Will Outperform

Roubini is calling for stag-DEflation, making it clear that he does NOT believe it will be stagflation. See for yourself on his website:

rgemonitor.com


On Jan 13 09:26 PM Lin wrote:

> MGA
>
> Noriel Roubini , a wise economist , that called the current collapse
> 2 years ago , Is now saying , " He sees stagflation " an absolute
> nightmere for the Fed as this entails Stag , no growth , along with
> flation , high inflation in things like food + energy .

Gold as a Truly Last Resort

Do you mean 'not to belabor the point?'...I'm confused as to what 'not to berate on the point' means?


On Jan 12 04:21 AM Nikola wrote:

> Daniel, not to berate on the point, but what else might you be forgetting?
>
>
> What if the economy does rebound?

Chart of the Week: Gold

Gold up about 6% this year...stocks down 40%...hmmmm, which would I rather have?

Seems like a nice investment to me.

ps- gold up 1.75% as I write this to $883