what many here are doing is totally missing the point of peter schiff. neither he nor anybody else can predict exactly when the sh*t will hit the fan, but if we continue on the course we are everything faber & co. predict will surely happen.
i wrote a book on chart analysis 10 years ago when only pro's had an idea what a moving average or rsi is.... i DO NOT NEED a chart to understand that a bunch of old debt plus a lot more new debt will hurt the dollar and increase inflation. and that this will help precious metals. when this will play out is anybody's guess, but it will happen, not doubt about that.
once the ATM's stop spitting out money its too late to protect your ass, so better safe than sorry.... just ask anybody in iceland...
We now have the worst of the 2 big economic systems at work in the U.S. The worst of capitalism in that fraud, corruption and failure to enforce even the most basic regulations is the norm, and the worst of communism where companies that deserve to go under are being propped up with government (as in you and me) money in order to continue losing money with their bonehead CEO's that are mostly still in place.
The founding fathers are spinning in their graves.....
Will We See a Big Upward Move in Gold? [View article]
analysts are almost always wrong... take the opposite side of what the 'experts' consensus is......
On Dec 15 02:14 PM Jake2 wrote:
> "Last Thursday we highlighted consensus analyst estimates for the > price of crude oil. Below we provide the consensus price target for > gold through 2012. These target prices are based on the median of > 21 gold analysts surveyed by Bloomberg. > > "As shown, analysts currently aren't expecting a big rally or a big > decline in gold over the next few years. By mid-year 2009, analysts > are expecting gold to be at $825/ounce, which is less than $10 from > its current price of $816. At the end of 2011, analysts expect gold > to be down to $790, and then down to $762 by the end of 2012."
> > Excert from a post by Bespoke Investment Group >
Dollar vs. Gold - Can We Trust This Change? [View article]
Many here think the greenback will stay strong because it somehow 'should'. why? Safe haven? Please, the Eurozone is just as 'safe' as our zone. Because we are in better shape than they are? Who says! Thats total spin by FED shills on TV! We are the bubble capital of the universe!
we can NEVER repay the debt we already have and the holders of our worthless treasury notes are all afraid to cry wolf? guess what, the emperor has no clothes and the world is beginning to find out. the dollar must and will fall, more than anybody can guess right now. it is even in our own interest. read up on bernanke's 2002 speeches on deflation if you don't believe me...
Will We See a Big Upward Move in Gold? [View article]
hey hedgeman,
like your statement: Bubble "order" - Equity - Realestate - Commodity - Precious Metals
this came to my mind yesterday although i thought that a precious metals bubble will come first, then commodities. as always, the time to get out of each is when housewife's start to have meetings to discuss their various 'strategies' and 20/20 runs a show on how college dropouts are getting rich with something :-)
Negative Real Rates Will Drive Gold Prices Up [View article]
The dollar must go down!
Read Bernanke's past speeches on deflation. If injected massive amounts of money does not work, the next step is to devalue the dollar to get inflation going. Because with inflation, keeping you money sitting in a bank is the last thing you want to do. Won't take long now is my guess, and when the dollar goes down, commodities, incl. gold, go up!
Another Call for the Gold Standard in the WSJ [View article]
Some readers here fail to miss the real point of the article. Only when you peg a currency to something of value that cannot be produced out of thin air do you have a truly 'valuable' currency. Anybody remember the DeutschMark? While not backed by gold, the policy was "hard" in relation to the policies of certain other central banks in Europe. The "hard" and "soft" was in respect to the aims of inflation and political interference. The German population would have NEVER agreed to abandoning it. Chancellor Kohl and his party did that without any direct referendum. And in this respect the Dollar is about as soft as it can get. Don't be fooled, the Dollar will take a big hit. Today was the beginning of the end.
But getting back on track, even many economists do not understand that you can have a nice party for a while on borrowed money, eventually the sugar daddies will say enough is enough., now that they need the cash themselves... What Obama and the Fed are planning to do is just like giving an alcoholic some booze in the morning to make the hangover go away.
Four Commonsense Clues to a Genuine Market Bottom [View article]
i actually predicted the market top of oil within 5 bucks a couple months in advance. the way i call a top or bottom is when so-called 'experts' start coming up with outlandish predictions. with oil it was 200-400 dollars a barrel.....
i think a general market bottom is near now, simply because i hear more and more 'experts' saying that we will be in a deflationary phase for a long time and oil could go to 5 (yes, FIVE) dollars....
i am buying dips on oil etfs these days... (and commodities)... will double my money or more within 2 years the latest...
Sort by:
Latest | Highest ratedThis Is Just the Beginning [View article]
Make It or Break It Week for Gold [View article]
once the ATM's stop spitting out money its too late to protect your ass, so better safe than sorry.... just ask anybody in iceland...
The Fed's Big Gamble [View article]
The founding fathers are spinning in their graves.....
Will We See a Big Upward Move in Gold? [View article]
On Dec 15 02:14 PM Jake2 wrote:
> "Last Thursday we highlighted consensus analyst estimates for the
> price of crude oil. Below we provide the consensus price target for
> gold through 2012. These target prices are based on the median of
> 21 gold analysts surveyed by Bloomberg.
>
> "As shown, analysts currently aren't expecting a big rally or a big
> decline in gold over the next few years. By mid-year 2009, analysts
> are expecting gold to be at $825/ounce, which is less than $10 from
> its current price of $816. At the end of 2011, analysts expect gold
> to be down to $790, and then down to $762 by the end of 2012."
>
> Excert from a post by Bespoke Investment Group
>
Dollar vs. Gold - Can We Trust This Change? [View article]
we can NEVER repay the debt we already have and the holders of our worthless treasury notes are all afraid to cry wolf? guess what, the emperor has no clothes and the world is beginning to find out. the dollar must and will fall, more than anybody can guess right now. it is even in our own interest. read up on bernanke's 2002 speeches on deflation if you don't believe me...
Will We See a Big Upward Move in Gold? [View article]
like your statement: Bubble "order" - Equity - Realestate - Commodity - Precious Metals
this came to my mind yesterday although i thought that a precious metals bubble will come first, then commodities. as always, the time to get out of each is when housewife's start to have meetings to discuss their various 'strategies' and 20/20 runs a show on how college dropouts are getting rich with something
:-)
Negative Real Rates Will Drive Gold Prices Up [View article]
Read Bernanke's past speeches on deflation. If injected massive amounts of money does not work, the next step is to devalue the dollar to get inflation going. Because with inflation, keeping you money sitting in a bank is the last thing you want to do. Won't take long now is my guess, and when the dollar goes down, commodities, incl. gold, go up!
Another Call for the Gold Standard in the WSJ [View article]
But getting back on track, even many economists do not understand that you can have a nice party for a while on borrowed money, eventually the sugar daddies will say enough is enough., now that they need the cash themselves... What Obama and the Fed are planning to do is just like giving an alcoholic some booze in the morning to make the hangover go away.
U.S. Dollar Index Has 5th Biggest Decline Ever [View article]
U.S. Dollar Index Has 5th Biggest Decline Ever [View article]
Four Commonsense Clues to a Genuine Market Bottom [View article]
i think a general market bottom is near now, simply because i hear more and more 'experts' saying that we will be in a deflationary phase for a long time and oil could go to 5 (yes, FIVE) dollars....
i am buying dips on oil etfs these days... (and commodities)... will double my money or more within 2 years the latest...