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Something just occurred to me.
Something just occurred to me. (It can happen.) Maybe it's just Dubai dip part II. Remember, when Dubai announced its pending default, gold dropped fifty bucks before recovering rather quickly. Well, Dubai is back in the news. Maybe whoever got squeezed the first time is getting squeezed again.
That's easy, the elite have
That's easy, the elite have cranked up their major media propaganda machine and have the public believing we have recovered from the economic crisis. Haven't you heard? Everything is just peachy!
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Turn off the TV Propaganda.
Find out what's really going on!
www.Tru-News.com
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Turn off the TV Propaganda.
Find out what's really going on!
cause nothing goes in a
cause nothing goes in a straight line.
chart
GOLD vs $
This chart sez it all.
Well, maybe not all of it, but puts everything in the right perspective.
more sellers than buyers - people dumping to pay off loans
reducing debt.
http://www.mngop54b.org/
http://www.mnlg.org
http://www.therootsofchange.com
http://www.cc2009.us
maybe because the report
maybe because the report came out that we only lost 11,000 jobs in november. As oppose to 500,000 or 100,000 like it was.
The odds bernanke is not reappointed went up
from 1% to 2% today. Bernanke is good for gold........
http://www.marketwatch.co...
http://www.marketwatch.com/story/gold-futures-drop-as-much-a...
Frozen Concentrated Orange Juice Mortemer
For Freedom!
For Freedom!
STUGOTS! To the high and felutent establishment!
Paultian Powerhouse!
TURN THOSE MACHINES BACK ON!
TURN THOSE MACHINES BACK ON!
What do you think Winthorp?
For Freedom!
For Freedom!
STUGOTS! To the high and felutent establishment!
Paultian Powerhouse!
Just got it.
"What was taken from the boomers, it ain't there, what was taken from the X'ers it ain't there, what is being taken from their great, great, great squared grandchildren it ain't there. Some generation just has to have the guts to quit passing it on." Me
*May the only ones to touch your junk, be the ones you want to touch your junk.*
Markets NEVER move in one straight line
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"Blessed are the peacemakers, they shall be called the children of God." - Matthew 5:9
My liberty-minded home base of thought:
www.ponderthis.net
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Freedom - Peace - Prosperity
it's because....
Dubai isn't being bailed out as soon as we thought, possible default in play.
This combined with positive jobs report took the USDX up and commodities down.
This led to margin calls. The gold/oil markets are highly leveraged it appears.
Gold could face a severe correction in its long-term bull market if the dollar keeps going up.
Foreign central banks are coming together to strengthen the dollar and weaken their own respective currencies to help their exports.
Because of the just released farm reports - it'll go up again
Detective Krum Investigates:
http://victory1project.wordpress.com/
http://politicaltrackingnetwork.wordpress.com/
Detective Krum Investigates:
http://victory1project.wordpress.com/
we know where it's headed
Nothing has changed, govt spending is up, deficits continue, increased costs on expanded war in Afghanistan, this is another buying opportunity.
Steven Orrange
Although gold is down, look at the mark up on gold now: $110...
over spot/Toz. This is new. Althought the price is down, the brokerage fee is increasing. Ergo, the actual price of gold is THE SAME!!!!
Gold Updated: 12/4/2009 2:07:54 PM
Bid: 1,151.70 Ask: 1,152.70 Change: -65.10
Sell Price $1,262.65
20 - 99 for $1,257.65 ea
100 or more for $1,252.65 ea
http://www.apmex.com/Category/290/Gold_Eagles___1_oz_2009__P...
My take is that this is a normal, sharp correction not unusual.
My calculations show the price should reach $1,430 in January, 2010 before a pull back of any consequence (maybe back to $1,250 in April) only to be followed by a run up to $1,800 - $2,000 by October, 2010.
Once we reach October, 2010 gold will begin a long decline into 2015 and fall below $300 at which time the real long term bull move begins.
The action today is nothing unusual, just an emotional response to the previous good run up. The volatility in gold and silver is just something you need to deal with if you are going to play this game. Go out and take a walk in the woods and/or take your vitamins
"The deepest sin against the human mind is to believe things without evidence." Thomas H. Huxley
Consider this
If you accept the premise that gold is money, then if the price of gold were to fall from $1,400/oz to $300/oz, the amount of gold it would take to pay off all of the government's $75+ trillion unfunded liabilities, the $1 trillion per year military industrial complex and empire, the car companies, the banks, and likely the entire health care industry (16-18% of the entire economy) will go up by about 366%. If it was going to take 1,000 tons of gold, it would now take 3,660 tons. Do you think the country's gold reserves and/or oil conquests will go up by that much? Maybe if that Afghan pipeline comes on line but only if some portion of the benefit were to be shared with the public. What evidence do you have that the federal government is accumulating additional persistent assets to be used for the public's later benefit? I'd love for that to be true. It would take decades of disciplined fiscal and monetary conservatism to do something like that. Again, are you seeing that happening?
God I hope you are right. I
God I hope you are right. I would absolutely LOVE to be able to buy gold again at 300.
You Judge A Tree By It's Fruit, NOT its Flower
so you are saying that the
so you are saying that the fed gov and fed are going to get their house in order for gold to go 300.00?? don't hold your breath.
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
Seasonal decline
Historically, gold would rise in October due to Christmas buying, and then take a 10% plunge in early December. 2007 and 2008 kind of broke this pattern. Actually, ever since GLD came online, gold has been acting more like a stock than a precious metal -- and along with that comes volatility and unpredictability. But look in earlier years and you'll see that rock-solid pattern of seasonal buying. No one took advantage of it back then because gold was less liquid back then.
For the last time ...
Gold is not plummeting ...
The dollar is going up.
http://www.cnbc.com/id/34267016
Words mean things.
WAHOR!!
http://www.dailypaul.com/node/48994
WAHOR!!
http://www.dailypaul.com/node/48994
For the last time ...
The final word on ...
this topic is that Captain Beyond (see comment below) nailed it.
I agree.. A prudent man
I agree..
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
Optimism?
Misplaced, of course.
Inflation is here. It hasn't really hit home, yet, because everyone has stopped spending, but as soon as optimism gets into the public, they will start shopping and the true dollar devaluation will start showing up in prices.
Restaurants have been sending out 2 for 1 coupons, trying to stay afloat. Eventually, only the strong will survive, and many have closed already. Once people start going out to eat, again, the prices will rise due to increased costs (especially of food and gas/transportation) and reduced competition. The new norm will be reset at a higher level.
Same for furniture, cars, clothing, and gold. They're also living off their inventories and once they've gone through them, will have to buy at higher prices.
Inflation happens when the money supply increases. The effect on prices is only being held at bay because nobody is buying. Once they jump back into the markets, the prices will reflect the true devalued dollar.
Right now, the price of gold is increasing based on those of us "in the know" betting on inflation/dollar devaluation. Some of these people and some who are ignorant are simply taking profits, now. People with more insight into economics will step in and buy what they sell.
When inflation becomes headlines and breadlines, the rest of the population will turn to gold. You'll want to buy before then.
I've also been stocking up on toilet paper. You might as well buy anything you know you'll need, now. It won't be getting cheaper in most cases.
It's just a matter of time before the Chinese start buying real estate, here. Real estate is as good as gold (by which I mean, it is what it is and they ain't makin' anymore) with better tax rules (at least in California where we have Prop. 13 to keep property taxes under control). This is especially true if there's room to grow vegetables.
These things are like the laws of physics. You're asking about one day in what is a HUGE intricate system that plays out over time.
IMissLiberty
IMissLiberty
good post!
thats really something to think about.
Excellent reply, IML...
I think you are right on target!
O Captain! My Captain! Rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
Dollar is up for Bernanke!
That's all this is, to support his reappointment to the fed.
Just a coincidence, nothing to see here, move along.
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"The consolidation of the states into one vast republic, sure to be aggressive abroad and despotic at home, will be the certain precursor of the ruin which has overwhelmed all those that have preceded it."
- Robert E. Lee, 1866
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RON PAUL 2012