Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Cramer talked some chartist's interpretation of gold's move.
said dollar is oversold, gold overbought. Cramer opined maybe there is another drop to 88 on DXY and 2200-2300 gold but more likely is a buy up of DXY and sell off of gold.
the segment will probably be online later tonight.
I don't embrace it. I just can't do anything about it. I think, now, most people on here are aghast at the rate of money creation.
I showed someone the 2019 expenditures then a headline about 2 tril of spending (50% of last year's spending) and the expression was of amazement at the money printing. I got the impression that it was a bad thing.
@morgansforever said:
When does the printing of money stop? I can't grasp how accruing all this debt is healthy for the country. Are we at the door of Titanic?
It won't until the people are back to work and the airlines are flying again.
While I understand the merits of getting cash into the hands of all the unemployed and broke residential tenants massively and quickly because of the pandemic, the final and complete desensitizing of politicians of all stripes to the happy prospect of spending money without caring where it's coming from is terrifying for the middle- and long-term.
As long as the people believe in a government and a fiat system the game can continue on forever. Debt is just a number, it could be 1 trillion, 100 trillion, 100 quadrillion, 100 quintillion doesn't matter, its all just a number and they can continue to create/print an unlimited supply of those numbers. The rest of the world is doing exactly the same thing. Everyone is onboard.
Comments
Where's Cohodk? Wasn't he one of the ones looking for $800 gold again? The bias runs strong in the gold deniers.
spoofer gone astray.
Keep an open mind, or get financially repressed -Zoltan Pozsar
How about changed tittle to 3K? Then you don't have to change it for a while.
I'll bet we see 2 grand by August 1st!
My YouTube Channel
Are we having fun yet?
Aside from kicking myself for not buying more two months ago and stressing about if/when to sell - I am enjoying this ride!
Certainly headed that way.
The whole worlds off its rocker, buy Gold™.
Nope. But in 2012 he expected gold to hit 1200 and silver to hit 15. Its all right here in these forums. He was right.
Knowledge is the enemy of fear
Looking for his sombrero?
Keep an open mind, or get financially repressed -Zoltan Pozsar
Don't want to pull the cake out of the oven before it's fully baked. I'm slightly superstitious.
The whole worlds off its rocker, buy Gold™.
It's moving back up nicely!
Cramer talked some chartist's interpretation of gold's move.
said dollar is oversold, gold overbought. Cramer opined maybe there is another drop to 88 on DXY and 2200-2300 gold but more likely is a buy up of DXY and sell off of gold.
the segment will probably be online later tonight.
Yep she responded to the first smackdown attempt nicely. Unfortunately there will be more to come but for now she's certainly got momentum.
As for Cramer.....lol.....He will be busy telling his faithful to load up on gold around $4,800 just prior to the magic $5,000 and beyond.
The whole worlds off its rocker, buy Gold™.
Cramer. Rhymes with that guy from Kitco. What was that pariahs name? Way back...
From APMEX quote:
GOLD $1,964.00
Very cool!
here is cramer!
https://www.cnbc.com/2020/07/28/jim-cramer-charts-show-gold-prices-are-nearing-a-peak.html
How many of you on the forum, like me, claim that number GOLD $1,964.00 as your birth year?
Smackdown? Sounds like a conspiracy theory.
Keep an open mind, or get financially repressed -Zoltan Pozsar
No conspiracy about it just real world drama.
The whole worlds off its rocker, buy Gold™.
Good, another believer.
Keep an open mind, or get financially repressed -Zoltan Pozsar
a word on overbought charts.
they can resolve by consolidation sideways.
DXY is 93.479, down .217 fwiw
93.262
I'm just along for the ride.
Here's a warning parable for coin collectors...
You don't need $2k gold, any oz. of gold in any form is well over $2k, if you can find a 1oz. bar, many/most are unavailable, or on back order.
92.755 down .266
The whole worlds off its rocker, buy Gold™.
I'd like to see 2K today...
My YouTube Channel
Agreed I thought this am was it but the yo yo continues.... Maybe today. If so time to reassess th stack.
I was hoping, would of been a good way to close out the month. Not looking like it but 3 1/2 hours to go. I guess anything is possible.
The whole worlds off its rocker, buy Gold™.
Good current gold/silver analysis
Keep an open mind, or get financially repressed -Zoltan Pozsar
Gold $1983.64 up $21.96 right now.
Soon ... Very soon.
I expect it will rest from time to time on it's run for a new all time high ... if you catch my drift.
I wonder when it will fall like it did in 2011. After the election?
That's the million dollar question!
This much I can tell you ... right now I'm enjoying the ride.
It matters not. All of our elected representatives (and ourselves) have now fully embraced MMT.
Knowledge is the enemy of fear
I don't embrace it. I just can't do anything about it. I think, now, most people on here are aghast at the rate of money creation.
I showed someone the 2019 expenditures then a headline about 2 tril of spending (50% of last year's spending) and the expression was of amazement at the money printing. I got the impression that it was a bad thing.
They have been given the Willie Wonka golden ticket. Sky is the limit. PMs are simply reacting.
Keep an open mind, or get financially repressed -Zoltan Pozsar
As are stocks, bonds, used car and boat prices, ect
Knowledge is the enemy of fear
When does the printing of money stop? I can't grasp how accruing all this debt is healthy for the country. Are we at the door of Titanic?
Geeze you ain't lying. Better add farm tractors to that list. lol
The whole worlds off its rocker, buy Gold™.
Wow ...let's not forget food ... water and ... toiletries ... let alone our pet supplies. etc.
It won't until the people are back to work and the airlines are flying again.
While I understand the merits of getting cash into the hands of all the unemployed and broke residential tenants massively and quickly because of the pandemic, the final and complete desensitizing of politicians of all stripes to the happy prospect of spending money without caring where it's coming from is terrifying for the middle- and long-term.
Here's a warning parable for coin collectors...
As long as the people believe in a government and a fiat system the game can continue on forever. Debt is just a number, it could be 1 trillion, 100 trillion, 100 quadrillion, 100 quintillion doesn't matter, its all just a number and they can continue to create/print an unlimited supply of those numbers. The rest of the world is doing exactly the same thing. Everyone is onboard.
The whole worlds off its rocker, buy Gold™.
gold and silver now appear to be on board.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Right back where we left off. North!
The whole worlds off its rocker, buy Gold™.
Spike to $1,991 after the markets opened today
$1,983 now
My Saint Set
Why gold will continue its pillage:
Dips will just be the market telling it to slow down.
Keep an open mind, or get financially repressed -Zoltan Pozsar
1989 right now
Fiat Fever=Gold Fever.