This thread is dedicated to SIERRAHPBT
GOLD SUMMARY AS OF THE U.S. CLOSE ON TUESDAY, NOVEMBER 25)
[Snipped]
Gold was little changed today (Tuesday) following yesterday's relatively sharp rise. higher today (Monday), now trading at the highest point in a month, although the number of open contracts has fallen to near the lowest in over 2 years indicating that speculators (and other potential buyers) are less interested in buying gold than they were 2 years ago. The present global wide financial uncertainty has caused consumer confidence to fall in many or most commodity markets. (The Commodity Research Price Chart is at the lowest in 4 years).
The highest the gold price has been in the rally of the past year was close to $1,030 hit in March (8 months ago). A further decline could potentially take the gold price down significantly as the U. S. Dollar has been stronger and Crude Oil prices have fallen back, two factors which contributed to the rise in the gold price earlier in the year.
Gold, silver and platinum are in the midst of a steep decline at least partially due to the recent (relative) strength of the U.S. Dollar. The gold price could potentially fall to near $500 in a relatively short time. As an example, after gold rose sharply in 1979-1980 to $850, the price then dropped sharply, from its high near $850 to $500 in less than 2 months. Now that the gold has reversed its recent uptrend and is in a sharp decline along with other commodities and foreign currencies, it will not be surprising to see the gold price take a similar loss in a short time Click here for a long term chart > http://www.the-privateer.com/chart/usgmonth.html
Demand for physical gold (jewelry especially, the largest use for gold) has been declining to near the lowest point in the past decade. Along with slower economic conditions this is contributing to slower demand for gold.
The JANUARY Crude Oil contract (now the most active contract) settled today (Tuesday) at $50.77 from $54.50 yesterday. It was largely the rise in the Crude Oil price which helped bring gold to its recent high levels - now that the Crude Oil price is not rising but falling back instead, the precious metals have also been declining. The recent strength in the U.S. Dollar has also contributed to weakening the precious metals, gold, silver and platinum.
The number of long speculators in the New York gold market hit the highest point in history at 315 thousand contracts 3 months ago. Based on the latest weekly report (as of November 18), the number of long speculators was the same as last week at 147 thousand contracts, the lowest number of long speculators in a year and a sharp decline from the record of 315 thousand contracts hit just a few months ago, an indication of much diminished interest by gold speculators and investors.
SIERRAHPBT, Capitalism is all one big Parker Brothers Monopoly Game. The game has been won 1000 years ago by the multi-national industrialists and the multi-generational land barons, and they keep the game going by issuing credits for the rest of us to play. (Pass Go, collect $200)
Buy low sell high, it isn't different this time.
well richard..... where are
well richard..... where are we now?
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.
Silver is doing even better.
I thought you were more of a silver bug than a gold bug anyways.
WAHOR!!
http://www.dailypaul.com/node/48994
WAHOR!!
http://www.dailypaul.com/node/48994
I am.......... A prudent man
I am..........
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.
Be careful with gold ...
If recent reports are accurate, spot gold could plummet. Who wants to worry if what they got is real, when they can simply buy silver instead.
WAHOR!!
http://www.dailypaul.com/node/48994
WAHOR!!
http://www.dailypaul.com/node/48994
I'm thinking...
about that as well, since gold is due for a correction. That's why I went with platinum this time. Bought at about $50 above spot and made some of it back. Even though gold could reach $1200 oz. this year, it's bound to correct sooner or later.
Evil Grin...:o)
A year ago I read this thread as I trolled. Thank you for bumping it now that gold was over $1,170 today.
Gold, SIlver, Platinum and Palladium are all currencies.
Palladium bullion has ISO currency codes of XPD and 964. Palladium is one of only four metals to have such codes, the others being gold, silver and platinum.
Coincidently the same as my DailyPaul user number 964.
http://en.wikipedia.org/wiki/ISO_currency_code
grant
Real money =
peace
the manipulation is just
the manipulation is just about over!!!!! I HOPE YOU PEOPLE HAVE BOUGHT AS MUCH SILVER AS YOU CAN! WON'T BE LONG NOW!
http://news.silverseek.com/TedButler/1228248628.php
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Truely a wise decision to invest in Palladium
Palladium also has a Valence Electron Potential of (-eV): 33
Palladium has another use
Palladium has another use besides fuel cells. Like gold it is used in jewelry and used for money. The fact that it is a relatively new metal having been discovered in 1801 makes it very attractive as money since there is very little stored worldwide. Palladium is available in the earth's crust 3 times less than Gold. Making it 3 times rarer. Even rarer than Platinum, which is found in the earth's crust relatively equal to gold.
It is an option for those who can't afford Platinum or Gold or for those who want to diversify their investment.
grant
Just a note...
to say..that almost a year ago, and after reading so much of what SIERRA and Lisa explained to me, I bought.
I have no regrets since.
My many thanks to them.
(Sorry I haven't been in touch guys...I've been soooo busy.)
______________________
Kat read my links above...
Kat read my links above... and buy more!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Love you kat.
Email when you can.
Ron Paul "Sign Wave Across the USA" -- November 5th!
I am not saying that all
I am not saying that all cars would go to fuel cells, but enough money could be thrown in that direction. Remember government isn't logical, it is there to protect the interests of industry. The auto industry has thrown billions of dollars at fuel cell development. Do you honestly think they don't plan to use it in some way? Even if it is only to suck money away from the government.
Of course this assumes that the auto industry gets the bailout and the subs. I'll take that bet too. Regardless of that fact that it is wrong and I disagree with throwing money at the auto industry.
grant
peace
peace
I know it is a gamble, but
I know it is a gamble, but imagine if the automobile industry manages to get the bailout with a prevision that they must produce cars with alternative fuel systems. Fuel cells are on the top of the list. And with Obama in office it is likely that together with congress there will be addition subsidies not to mention the 25 billion already available to the industry for alternative fuels. Palladium is selling for a good price, that is all I am pointing out. It is an option for those who want to diversify, since you can use an ounce of Gold and get around 4 ounces of Palladium.
grant
Bad gamble
To assume that automobiles are going to go to fuel cells is directionally wrong.
Fuel cells will not be the future. The answer will simply be batteries.
We already have a car capable of going 200 miles on a single charge. It isn't a huge leap of faith to think that we could double that range and develop a quick charge system to charge it in a few minutes.
All that stands in the way, is the price...and it will be far cheaper than a fuel cell.
What do you think about the war on drugs?
How about Operation Wall Street?
Shout it today!
http://www.youshouts.com/index.php
Batteries suck
They are heavy, they wear out after five years (if you are lucky) and must be replaced at great expense, and they are toxic. Unless there is a fundamental revolution in chemical batteries, they are going to be obsolete in the auto biz within ten years.
There has been
There has been a fundamental revolution in battery technology. A little over a year ago at Stanford, they used nanotechnology with lithium ion batteries to get 10X the power storage in a comparable area and weight.
Must be replaced at great expense? It's negated when you consider it costs you an average of 10-20 cents per mile driven on gasoline, and it would likely cost you 1-2 cents on a battery. Over 100,000 miles, it would save you about 15-20k.
They're about to get lighter, more powerful, and eventually cheaper than a gasoline engine.
What do you think about the war on drugs?
How about Operation Wall Street?
Shout it today!
http://www.youshouts.com/index.php
Well one thing for sure is
Well one thing for sure is that when auto industry gets the bailout, the government is not going to allow them to spend the money on gas guzzling SUVs regardless of how low the price of gasoline falls. I expect Al Gore will probably be called up to serve as environmental secretary or some such Statist job. Ford is heavily invested in fuel cell technology as well as Palladium.
http://en.wikipedia.org/wiki/Palladium
grant
peace
peace
update: silver delivered 1st 3 days!
according to comex delivery report! 4814 silver contracts x 5000 ounces = 24 million ounces have been delivered in only the first 3 days of this delivery month.. this eclipes, in the first 3 days alone, what was delivered in October! the comex or better yet the CRIMEx only has around 80 million ounces (registered available for shipping) that is set as deliverable! 129 million total... 49 million ounces as eligible to be registered for shipping..
.
if the comex defaults it will be in silver not gold.. there are billions of ounces of gold sitting in bank vaults which can flow to the comex warehouse... there is no silver in bank vaults!
just wait till the industrial users start to see this and panic and move to hoard silver to keep there factories open! THINK CHINA... THE LARGEST MANUFACTURER OF electronics products in the world! with a 2 trillion dollar reserve! which is devaluing! no silver- the production lines stop! as I have said before and people called me an idiot for it!..
there is only 1 billion ounces of silver above ground that can be traded at anytime. there are 6 billion ounces of gold.. silver is more rare then gold right now at this time in history. this is why silver is a much better investment then gold! it is money, it is used in 1000's of products and is much more important to the world then gold! just because the US economy is imploding, does not mean the rest of the world will go down with us. They may slow and hit recession but they will not collapse like the US economy will! if you have not bought your silver yet, you better buy quickly! the next delivery month is February... that could get real interesting.. the spot price has been manipulated down to let the big criminal banks exclude themselves from the short side of the futures market. Once they have covered this thing will get real interesting!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Like I've always said SierraHPBT...
Every "cloud" has a silver lining!!!!!!!
here ya
here ya go!
http://news.silverseek.com/TedButler/1228248628.php
by the way were you with the teams in the navy?
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
READ what Butler said
READ what Butler said above!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Try Palladium as an option.
The dollar is strong against foreign currencies because Central Banks around the world have been buying up Treasury bonds. They exchange their FRNs for Treasury notes eliminating the need for the Federal Reserve to print. But when the Fed eventually has to print there will be tons of paper or easier yet, it will just add a zero on FRNs.
I still say food is a man's best investment, Silver and Gold are good stores, but I still like Palladium. I think it is the wisest choice. You can get 4 ounces for the price of one ounce of Gold.
Buying Palladium will stimulate it's production, which is good because it is useful for fuel cell production. It is very good for absorbing and storing hydrogen.
grant
the problem with palladium
the problem with palladium is this Grant.. it is used in the manufacture of cateletic converters in autobobiles in the US and Canada.. it is not used for anything else! with auto sale killed the demand for palladium is nil!
China and all those countries do not use cateletic converters! Silver is your best bet!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Food is the safest investment, but I'd gamble on Palladium.
I know it is a gamble, but imagine if the automobile industry manages to get the bailout with a prevision that they must produce cars with alternative fuel systems. Fuel cells are on the top of the list. And with Obama in office it is likely that together with congress there will be addition subsidies not to mention the 25 billion already available to the industry for alternative fuels. Palladium is selling for a good price, that is all I am pointing out. It is an option for those who want to diversify, since you can use an ounce of Gold and get around 4 ounces of Palladium.
grant
the more I think about it
the more I think about it Grant I think you are right.. Food is the first priority!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐