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ltsgt1

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  • What It Really Costs To Mine Silver: The Pan American Silver Q2 Edition [View article]
    I learn something new every day. Thanks for the info.
    Sep 12 11:59 AM | Likes Like |Link to Comment
  • GLD: Key Week Coming Up [View article]
    charles,

    Try to imagine you are a rich citizen in the Roman Empire who own stocks in the coliseum, houses of prostitution, bath houses, gambling dens ......

    You'd be rich as long as the client states and the slaves remain loyal to the existing system. When the system broke, your stocks in these service oriented industries would be worthless.
    Sep 10 11:07 AM | Likes Like |Link to Comment
  • GLD: Key Week Coming Up [View article]
    Jeff,

    Not too many people know that Europe has purchased natural gas from Russia and paid for it in not euro or rubles but dollar until this month.
    Sep 10 10:56 AM | Likes Like |Link to Comment
  • GLD: Key Week Coming Up [View article]
    charles,

    "Our dollar is on a yuan standard or china is on the dollar standard"

    That is true but the Chinese bride (gold digger) has wandering eyes. She has learned enough that she no longer has to be a slave to any one master. She already have a few powerful boyfriends and many young ones in Africa.

    I think the wedding engagement would be voided when Germany becomes more intimate with the Chinese/Russian.
    Sep 10 10:49 AM | 2 Likes Like |Link to Comment
  • GLD: Key Week Coming Up [View article]
    bogi,

    I guess you don't know how the rich Vietnamese got out of Saigon when the communists marched in. Gold will always reveal its true worth when the value of the government papers become questionable.

    Many people, especially Americans, still don't see it or maybe they just don't want to see it. America is a collapsing empire since 1999. The seed was planted by Nixon and nurtured by everyone thereafter except Carter - I still think Carter is the most incompetent until now.
    Sep 10 10:37 AM | 1 Like Like |Link to Comment
  • GLD: Key Week Coming Up [View article]
    Charles,

    "why add "petro " when talking about the dollar"

    Petrodollar is back by its GLOBAL usage enforced by carrot and stick. Dollar by itself without the carrot and stick would be no different from any other regional currency such as ruble and yuan. If dollar were just another ordinary regional currency, our GDP is not even close to support the extraordinary debts/derivatives which are denominated in dollar.
    Sep 10 10:25 AM | 1 Like Like |Link to Comment
  • GLD: Key Week Coming Up [View article]
    CoinsK,

    "I do not have a problem understanding why some don't want to own PM's .I do have a problem with people thinking they are smarter than me because I do own it."

    That is exactly how I feel about owning PMs. I have sufficient monthly rental incomes that my pension money is used for vacation, charity and gambling. Trying to convey that idea to the liberal jesters is like any attempt to articulate Benghazi is not about Hillary but 4 dead Americans whom were not only betrayed but SET UP by their own country.
    Sep 10 10:14 AM | 1 Like Like |Link to Comment
  • Why The Plunge In Gold Is Justified And Why It Might Plunge Even More [View article]
    David,

    You should google "London Gold Pool" and learn some history of money. It took more than 6 years for that manipulated stability to collapse.
    Sep 8 09:25 AM | 1 Like Like |Link to Comment
  • Why The Plunge In Gold Is Justified And Why It Might Plunge Even More [View article]
    Central banks sell 10 tons of paper gold, buy 1 ton of physical and watch gold price plunge.
    Sep 6 08:21 PM | 4 Likes Like |Link to Comment
  • GLD: Market Bottom May Now Be Delayed [View article]
    fish,

    I agree anything is a conspiracy now because nobody ever reports on the full story anymore. The only thing which doesn't make sense is that if Egypt and the UAE want to help bring Libyan oil back to the petrodollar, why would they not notify the US in advance before they bomb away? The fact that they acted independently is indicative of a big rift between the US and her allies in the Mideast region.
    Sep 4 01:34 PM | Likes Like |Link to Comment
  • GLD: Market Bottom May Now Be Delayed [View article]
    fishfryer,
    I think ISIL already is part of the broader ongoing petrodollar war. The US has been worrying Europe increasing dependency on Russian's energy and the possibility of Europe, especially Germany, support of the new BRICS Development Bank.

    Our strategy was to reduce Europe dependency on the Russian by opening up a new gas pipe line from Qatar to Europe which must go thru Syria. Assad refused to betray Russia. The Saudi, Turkey and Qatar were more than happy to assist financially and logistically in pursuance to unleash the mad dogs, with US as the dog trainer and handler, in Syria to make that happen. However, unlike Gaddafi, Assad has powerful friends whom stopped these mad dogs from repeating the success in Libya.

    When Obama got cold feet at the very last moment to a full scale invasion of Syria, many countries began to doubt the power of the US and the necessity of continuous support of the dollar. Maliki probably started contemplating shortly after that to follow his Iranian brothers, selling Iraqis' oil in not only the dollar but also ruble and yuan.

    The answer to the question of why the US didn't bomb these mad dogs when they traversed from city to city, the better question is why were these terrorists traveling in the open without fear of US's air power whatsoever - I still remember the highway of death between Kuwait and Iraq, is obvious to me.

    If you found this conspiracy theory plausible, then the answer to the question of why Egypt and the United Arab Emirates have jointly bombed Islamist militants in Libya without U.S. notification becomes obvious.
    Sep 4 09:40 AM | 1 Like Like |Link to Comment
  • GLD: Market Bottom May Now Be Delayed [View article]
    fishfryer,

    I suspect Obama is still defending the petrodollar. He is probably using ISIL to keep the Saudi and Iraqis from straying off the petrodollar system. If our suspicion were true, Bush was playing with fire and we are now playing with mad murderers.

    I agree they all spent too much. I'm not defending Obama but I really think whatever he spend or save wouldn't make much of a difference any more.
    Sep 3 02:22 PM | Likes Like |Link to Comment
  • GLD: Market Bottom May Now Be Delayed [View article]
    Charles,

    I can't speak for the other guys but I'm not pissed. I assume the ones who trade, long/short GLD or SLV for monetary gains are pissed but gold bugs who stack physical are doing that to retain wealth not monetary gain. A trader like you probably would never or would have a hard time to grasp that concept.

    I bought gold when I realized that neither Bush nor Obama should be blame for the eventual collapse. If I had to assign blames, it would be as follow:
    Nixon - 60%, Reagan (I love Reagan)- 20%, Bush - 5%, Clinton - 10%, Bush (the idiot)- 5%, Obama (the gardener in the movie, "Being There") - the fall guy.

    Liberal policies didn't stave off the financial crisis. The death of Saddam Hussein, Gaddafi and numerous unnamed Americans, Iraqis, Syrians, Ukrainians and many others staved off the financial crisis. You will see the forest when you stop looking at the waves and patterns.

    If you could comprehend why most gold bugs are stacking, you'd understand we are not mad that gold has languished. We are more than grateful for the extended normalcy which I personally didn't expect.

    If the expected never happened, I'd feel a little foolish but I'd be too happy to blame anybody at all.
    Sep 3 02:03 PM | 1 Like Like |Link to Comment
  • GLD: Market Bottom May Now Be Delayed [View article]
    Charles,

    - Our dollar is partially back by the productive power of Americans. When is the last time we didn't have a trade deficits?

    - Our markets are not stable nor transparent. Things are so convoluted that there is no price discovery in the market anymore.

    - Okay, we do have a stable and permanent form of government but I often wonder what would happen when folks rely on the EBT, SS and SSI can't keep up with inflation.

    - Our courts haven't prosecuted one single bankers who caused the financial crisis. DOJ admitted some banks are just too big to prosecute.

    - Our regulators like the IRS's Lois Lerner, the lawless lawman like the DOJ's Eric Holders or those faceless DEP regulators who are killing the coal industry?

    - I wonder why the number of Americans renouncing their citizenship spiked to over 3000 last year, up from about 500 from earlier years. One of them is a clown who always dresses like a king.
    Sep 2 07:46 AM | 1 Like Like |Link to Comment
  • GLD: Market Bottom May Now Be Delayed [View article]
    CoinsK,

    It's funny that some folks still think our dollar is back by goods or products while we have had trade deficits for as long as I can remember. Our dollar is back by our military and FX manipulation but things - Ukraine, Mideast, BRICS bank and Direct Currency trades - are fallen apart faster and faster now.

    Traders are like surfers who study and work the waves and patterns but fail to see the approaching tsunami.
    Sep 1 12:49 PM | 1 Like Like |Link to Comment
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