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winningtrader

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  • China's True Plans For The Yuan And Gold [View article]
    Hard to argue against any of that. The only thing that is not clear is if China will have a hard landing. They have problems: inflation, a real estate bubble, social problems, some poor infrastructure (like their empty cities) and possible bank problems. Still, when compared to the West, their problems seem manageable. They have more than $3 trillion of FX reserves and this should help them if they have to help their banks, for example. Given the success that China has had over a relatively short period of time, I have to doubt that they plan to make their currency the reserve currency of the world. Also, I am sure that they plan to build the biggest gold reserves in the world.
    Oct 26, 2011. 03:43 PM | Likes Like |Link to Comment
  • Gold On The Verge Of A Major Collapse [View article]
    Well, they have been very successful at preventing the collapse of two assets: gold and silver. This is for sure. Does anybody have any idea what Greenspan invests in now? I am just curious. He understands all that very well. I think he is quite clever actually.
    Oct 26, 2011. 01:01 PM | Likes Like |Link to Comment
  • The Gold Price Fundamental In 2012 [View article]
    You worry too much ... they'll buy as well but they are waiting for it to get to 5000.
    Oct 26, 2011. 10:08 AM | Likes Like |Link to Comment
  • Gold On The Verge Of A Major Collapse [View article]
    Deflation has nothing to do with gold going down, maybe short term if the economy goes down. If there is deflation (which I consider highly unlikely), the FED is likely to print more money via some sort of a QE program and that will kill deflation. I think that they will do QE anyway and timing is within 3-6 months. This will be an orgy of money printing.
    Oct 26, 2011. 10:05 AM | 1 Like Like |Link to Comment
  • Gold's Haven Status Is Back On [View article]
    First, the price cannot be manipulated that much, even if there is any intervention. Second, your destiny is in your hands. You make your own decisions and live by them.
    Oct 26, 2011. 08:57 AM | 2 Likes Like |Link to Comment
  • Gold's Haven Status Is Back On [View article]
    The real question is how long government bonds, as in the US and Germany, will remain as safe havens. I personally think and hope it will be at least a few more years. I mean 2 years but I doubt it will be as much as 5 - could be a lot less.
    Oct 26, 2011. 04:36 AM | 5 Likes Like |Link to Comment
  • Gold's Haven Status Is Back On [View article]
    Gold is always a safe haven. A short term move will not change 5000 years of history. It is a save haven in good times and in difficult periods, like the current one, it is even more so. In my opinion, gold is also undervalued which makes the whole thing great - save haven + it is cheap.
    The answer to your question is very simple. Gold will always be a safe haven. The question really is how traders are likely to trade it short term and this is more difficult to predict. Medium term the trend is up and up.
    Oct 26, 2011. 04:27 AM | 5 Likes Like |Link to Comment
  • Central Bank Buying Will Continue To Be Bullish For Gold [View article]
    This methodology is very good because it looks at the movements of the moon to predict gold prices in the next 10 years. The problem is that the population of the moon doesn't trade dollars and that is why it is hard for the moon to make a good prediction for the price of gold in dollar terms.
    Oct 26, 2011. 04:04 AM | Likes Like |Link to Comment
  • Gold Market Update: The Impact Of CFTC Position Limits On Silver [View article]
    and I suggest you short some gold instead of just talking. then we can talk again in 6 months.
    Oct 26, 2011. 04:01 AM | 1 Like Like |Link to Comment
  • The Gold Price Fundamental In 2012 [View article]
    Sorry, didn't see that you said coins. For coins it was possibly Croesus about the time that you mentioned. Still, gold was valued and mined well before that.
    Oct 25, 2011. 03:49 PM | Likes Like |Link to Comment
  • The Gold Price Fundamental In 2012 [View article]
    you are badly mistaken.
    http://bit.ly/vsQOpS
    it has actually been more than 5000 years
    Oct 25, 2011. 03:38 PM | Likes Like |Link to Comment
  • Gold spikes higher over the past 90 minutes, threatening to push past $1,700/oz. for the first time since it plummeted under that level in September. There's no particular news other than the continuing idea that Western governments have little choice but to continue bailing, which has to be good for the metal. Dec. Gold is at $1,694. GLD +2.3%.  [View news story]
    Of course it goes in the economy. The FED buys government bonds, effectively funding the budget deficit, the government spends the money and the money goes in the economy. There is no doubt about it which is why you see inflation. What happens to the money later is another question.
    Oct 25, 2011. 03:15 PM | Likes Like |Link to Comment
  • Gold On The Verge Of A Major Collapse [View article]
    This is of course correct but this is also true about paper money or anything else. I view gold as an alternative currency (feel free to disagree). It has the following characteristics:
    - medium of exchange (even if you have to sell it for paper money first this is just an FX conversion similar to what you do when you use $'s in Europe).
    - store of value.
    - unit of account.

    Food and water cannot work as money. They have value but are not money. Gold is a good currency, in my opinion, because it cannot be printed and the amounts mined are very predictable - supply is pretty easy to determine. This is all.
    Oct 25, 2011. 01:39 PM | 1 Like Like |Link to Comment
  • Gold spikes higher over the past 90 minutes, threatening to push past $1,700/oz. for the first time since it plummeted under that level in September. There's no particular news other than the continuing idea that Western governments have little choice but to continue bailing, which has to be good for the metal. Dec. Gold is at $1,694. GLD +2.3%.  [View news story]
    Clearly we are going to have more money printing on both sides of the Atlantic. Europe cannot solve its mess without more money printing but the same is true about the US. If you start counting all the debt out there, you get a headache. I suspect that gold is going up because one more FED official spoke in support of QE3 - Dudley from the NY FED. I think QE3 (or something equivalent) is a done deal and only a matter of time really. Size should be big, not like the last small one, I think more that $1 trillion this time.
    Oct 25, 2011. 11:57 AM | Likes Like |Link to Comment
  • Gold On The Verge Of A Major Collapse [View article]
    John, have you seen the move today? Is this the imminent collapse? To be honest, I didn't expect this big move up today but this kind of thing is hard to time and of course, it can come down as well. Long term trend is up and up. By the way, a 4th FED official spoke in support of QE3. This is Dudley from the NY FED (formerly from Goldman). He is a voting member of the committee and Ben's right hand man. He wouldn't say that without discussing it with Ben first, just my opinion.
    Oct 25, 2011. 11:51 AM | 1 Like Like |Link to Comment
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