Yeah, but you did say "inflation is a myth". I'm with the other guy... when's the last time you went to the store for ANYTHING? Don't know about you, but I'm paying more for just about everything vs. a year ago.
Gold's now in a clear downtrend, taking out new technical lows, hit by (3-month old) news big names are selling, and now the chart's starting to form the dreaded "death cross." All the gold bugs need for a perfect bullish setup would be Paul Krugman taking to the air to declare victory for all he believes ... check. GLD -1.7%. [View news story]
Most intelligent and succinct comment on this topic I've seen recently. Thanks, RONSWAD. Personally, I just sold my GDX shares because they hit my stop. Bad decision? Time will tell.
Still holding UGL and AGQ. It's painful at present, but long term, I'm still bullish.
Gold at $1,200 is among Saxo Bank's outrageous predictions for 2013. The reason: A strong economic recovery in the U.S. saps demand for the safe-haven investment. Eventually, central banks take advantage of the low price and buy (At the bottom? That would be a first). [View news story]
I've never heard of Saxo Bank either. Guess that makes it unanimous. But whoever they are, they're not alone. Harry Dent and co. are predicting the same thing, but worse. "Gold to go to $750..."
And since Dent is wrong virtually 100% of the time, gold should rise again in 2013. OK, I feel better now...
Golden Cross Points To New All Time Highs For Gold [View article]
Well, this is what I meant in my original comment, but I think I stated it much more succinctly. Pierre - if that is how you refer to yourself - no need to be rude. I'm sure your technical prowess is superior to mine, but one question: Do you agree or disagree with mrfisher's opinion(s) here?
Golden Cross Points To New All Time Highs For Gold [View article]
Jaimini, thanks for your thoughtful article. Obviously, you've done your homework. As you say, short term, I believe the PMs may correct further, or trade sideways, but intermediate to long term, I see them headed significantly higher.
What Will Happen To Silver This Quarter? [View article]
Looks like you're right, raykrv. Bargain hunting today in SLV and GLD bolstering prices. But looks as though they're both still correcting, medium-term.
War On Savers And Moral Hazard Cause Gold And Silver To Skyrocket [View article]
God forbid we should insult anyone. Just look at the support BO continues to receive. Who is his constituency? The 47%, just as Romney said. Those who now feel entitled, and expect the rest of us to support them, cradle to grave.
As someone else here so astutely pointed out, Romney wasn't "insulting" anyone. He was stating the facts. The 47% aren't going to support him anyway, so there's no point in going after them. The election will be won by wooing the "undecideds" in the middle.
Though God only knows how anyone could still be "undecided" in this election. These next few debates will cement the win for Romney, since the vast majority of the minions don't seem to pay much attention to anything else. Obama has been exposed as the empty suit - and total incompetent - as a leader that he really is.
Whether a Romney presidency will make a substantial long-term difference for the better remains to be seen.
War On Savers And Moral Hazard Cause Gold And Silver To Skyrocket [View article]
So, who is this "one [mysterious] dictator"? The Bernanke? Even he can be replaced - if we get a new administration. Will the new Fed chief be any better? Who knows...
Gold's Double Whammy Is In Play [View article]
You Can Bet On Gold Glittering Again [View article]
You Can Bet On Gold Glittering Again [View article]
The Coming Gold Bounce [View article]
The Coming Gold Bounce [View article]
Gold's now in a clear downtrend, taking out new technical lows, hit by (3-month old) news big names are selling, and now the chart's starting to form the dreaded "death cross." All the gold bugs need for a perfect bullish setup would be Paul Krugman taking to the air to declare victory for all he believes ... check. GLD -1.7%. [View news story]
Still holding UGL and AGQ. It's painful at present, but long term, I'm still bullish.
Gold at $1,200 is among Saxo Bank's outrageous predictions for 2013. The reason: A strong economic recovery in the U.S. saps demand for the safe-haven investment. Eventually, central banks take advantage of the low price and buy (At the bottom? That would be a first). [View news story]
And since Dent is wrong virtually 100% of the time, gold should rise again in 2013. OK, I feel better now...
Golden Cross Points To New All Time Highs For Gold [View article]
Golden Cross Points To New All Time Highs For Gold [View article]
What Will Happen To Silver This Quarter? [View article]
What Will Happen To Silver This Quarter? [View article]
The New Way To Trade GLD [View article]
... but where's the trade setup/recommendation? Would appreciate it if you could lay this out a little clearer for us "laypeople". Thanks!
iShares Silver Trust: 2 New Income Streams With The Potential To Earn An Extra 14.7% In Five Months [View article]
War On Savers And Moral Hazard Cause Gold And Silver To Skyrocket [View article]
As someone else here so astutely pointed out, Romney wasn't "insulting" anyone. He was stating the facts. The 47% aren't going to support him anyway, so there's no point in going after them. The election will be won by wooing the "undecideds" in the middle.
Though God only knows how anyone could still be "undecided" in this election. These next few debates will cement the win for Romney, since the vast majority of the minions don't seem to pay much attention to anything else. Obama has been exposed as the empty suit - and total incompetent - as a leader that he really is.
Whether a Romney presidency will make a substantial long-term difference for the better remains to be seen.
War On Savers And Moral Hazard Cause Gold And Silver To Skyrocket [View article]