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  • 5 Terrifying Charts Driving Me To Gold [View article]
    Indeed, that hooker has a VERY powerful pimp, and you can't underestimate the ability of central banks to temporarily defy the massive fundamental forces push gold upward in order to cause fear, uncertainty, and doubt in the primary indicator of inflation and main competitor of fiat currencies. But despite their tripping technical levels, the manipulation does not change the reality of the currency evaporating. QE3 & QE4 are just now kicking in in terms of their impacting the inflation level. $85 billion of liquidity added each and every month simply can't be ignored. And with the economy continuing it's decline and the European banking system imploding and war with North Korea on the brink, it is insane to be a seller of gold now. That makes this sales price on gold the greatest deal in all of history, maybe second only to the current deal on silver.
    Apr 14, 2013. 10:45 AM | Likes Like |Link to Comment
  • 5 Terrifying Charts Driving Me To Gold [View article]
    "Only really safe haven is US Treasuries & Cash" said no non-Krugman fan ever. I'm not sure where you get off making this political. Krugman is not a politician, but an economist and pundit. You have no idea who "my guy" might be or whether or not he "lost". I think you will lose the bet that you made more than I did in 2008/2009 at least on a percentage basis. Gold was the stand-alone winner in that debacle. Did it get sold down as it served its insurance role as a lone remaining source of funds to pay off margin accounts? Sure. But it was the first and most rapid to recover as well. If you shorted the general market (esp. financials) in Q3 2008 and bought options on solid gold and silver miners in Q4 2008, you'd have made a mint too.
    Dec 10, 2012. 05:52 PM | Likes Like |Link to Comment
  • 5 Terrifying Charts Driving Me To Gold [View article]
    Saying "looks like Thnickster called it" implies that he was accurate in saying "1500/oz is the first good buying area". That clearly was not the case. If you followed his advice to "sell down to a real support... that is where you want to buy", then you sold out of your position and if you now want to participate in the massive upside in gold, you'll have to buy higher. So he didn't call it. You'd have been far better off holding if you had a position from last year, or buying along the way as it went lower and not holding out for 1500, which was never reached.
    Dec 8, 2012. 01:21 PM | Likes Like |Link to Comment
  • 5 Terrifying Charts Driving Me To Gold [View article]
    LOL, Treasuries and cash are insurance against currency collapse? Good luck with that! When the Dollar crashes, as it will due to continual QE, trillion+ deficits, and regulation-induced economic failure, gold will be what protects you from the fallout. As for performance to date, my gold account that I started in 2002 has WAY outperformed any stock market. I won't need luck, I've got gold. But go ahead and follow Krugman and see where that gets you.
    Dec 8, 2012. 01:15 PM | Likes Like |Link to Comment
  • 5 Terrifying Charts Driving Me To Gold [View article]
    If by "done nothing", you mean protected you from the massive risks inherent in fiat money, then you're right.
    Dec 7, 2012. 11:44 AM | 1 Like Like |Link to Comment
  • 5 Terrifying Charts Driving Me To Gold [View article]
    Hope you bought your entire position for the few hours that gold got to $1540 and didn't hold out for $1500. If you did hold out, you missed the entire run to almost $1800 again and you're SOL now. It'd have been better to simply hold since last year, or do as I do and sell a little after big run-ups and buy on big fall-offs while keeping a large core position.
    Dec 7, 2012. 11:43 AM | Likes Like |Link to Comment
  • 5 Terrifying Charts Driving Me To Gold [View article]
    I know my mortgage is a major part of my expenses, so if I could decrease it ten-fold (in proportion to my inflating income), then that would make up for an awful lot of other things increasing in price. And if that mortgage (home equity loan) has paid for capital improvements such as solar panels or a stash of gold, then that even further adds protection by decreasing costs or increasing savings. It's certainly not "lost in the fog".
    Dec 7, 2012. 11:35 AM | Likes Like |Link to Comment
  • Gold Poised for Imminent Breakout to $2150 [View instapost]
    Indeed, this is getting ridiculous. Each apparent breakout from the flag formation seems to just make a bigger, longer flag. It still hasn't turned bearish, but has simply failed to break out as it apparently should. Fundamentally, this is because of the problems in Europe and elsewhere causing people to treat the USD like a safe haven. So long as the Fed keeps saying they'll put off additional QE (despite the fact that they absolutely cannot stop QE), it seems to keep the gold market suppressed. If we get enough bearish indicators on the economy that the Fed has to add such language to their statements, then we'll see our massive breakout to the upside. That's the fundamentals. Technically, we're still in a flag formation. 6 months longer than expected.
    Jul 16, 2012. 09:45 AM | Likes Like |Link to Comment
  • Facts And Fiction Of Sovereign Debt Default [View article]
    Pennies are worth more than even the face value. They contain about 2 cents worth of copper and zinc (5 cents for pre-1982 pennies). So, yes, you should settle ALL debts in pennies.
    Jan 25, 2012. 03:43 PM | Likes Like |Link to Comment
  • Facts And Fiction Of Sovereign Debt Default [View article]
    All con games eventually collapse when confidence is lost. No fiat currency in history has survived for very long because it becomes obvious that debts won't be paid back, and so people stop agreeing to denominate their contracts (lending, wages, etc) in the fiat currency. It may be true that there is no inherent limit numerically speaking, but there is a sure limit in confidence.
    Jan 25, 2012. 03:41 PM | Likes Like |Link to Comment
  • Inflation Seems Contained For Now [View article]
    I think you need to differentiate velocity of money from inflation (growth of money supply). Prices react to both, but one doesn't invalidate or contain the other, it merely changes the timing. You also have to acknowledge that government reporting of inflation is extremely manipulated in order to downplay it. Read
    Jan 25, 2012. 03:36 PM | Likes Like |Link to Comment
  • Gold And Silver Break Out! [View instapost]
    I didn't really want to get into stocks with this article, but the GLDX tracks the Solactive Global Gold Explorers Index, which is composed of exploration companies, which are very small market cap and leveraged to making new discoveries. GDX is composed of large gold miners which mostly track the price of gold. I mentioned GLDX and GDXJ (junior producers) because they're more likely to benefit from M&A activity which is likely now since precious metals equities are so undervalued, especially as gold and silver climb in price again. The companies in GDX will be buying out the companies in GLDX and GDXJ.
    Jan 24, 2012. 08:30 PM | 1 Like Like |Link to Comment
  • Gold ETF Performance And Outlook [View article]
    The depth of the current correction is almost entirely due to currency flows from Europe into the U.S. That correction has now ended though and new highs are to be expected:
    Jan 24, 2012. 08:26 PM | Likes Like |Link to Comment
  • Hedge Your Bets: Use The Gold/VIX Ratio [View article]
    I would say that the instrument of choice should be precious metals seeing as how they are just exiting from massive consolidation patterns:
    Jan 24, 2012. 02:01 PM | Likes Like |Link to Comment
  • Facts And Fiction Of Sovereign Debt Default [View article]
    The trick, like in "hot potato", is to not be the one holding the bag at the end. Toward that goal, gold and silver are poised for imminent new highs again:
    Jan 24, 2012. 01:58 PM | Likes Like |Link to Comment