Collector Of All U.S. Gold Coinage! Antique Soda Bottles And Antique Soda Related Advertising, and many other collectables! Life is too short, I might as well buy Gold while I'm still around!
Gold has not broken out yet and the signs aren't all in place. I'm expecting more violent sideways moves.
Watch the dollar and bonds. When they set new lows, gold will be approaching the recent highs and ready for a sustained rally. This one will be longer lasting but more subdued than previous moves.
Fake GDP reports, increase in wages no where in sight. Increase in personal debt 9 trillion dollars up 40% in last 5 years alone. And what the heck is "a violent sideways move"? Fiat, fiat it's off to work we go. We are slaves to the government there is no freedom, no liberty, except that which we purchase by the toil of our labor to an opressive taxation in an outta control welfare state. Damm where are my Xanax.
Yes, it's all over for gold. How can anything that has been down for 20 years ever comeback? From here the stock market should reach 36,000 and gold return to $450 or under...at least that's what my stock broker told me.
Roadrunner -- that's what my broker said too. Stocks are way undervalued because of the misperception that they are risky. Once people realize that they are no riskier than short term instruments, there should be a one time correction up to 36,000.
After the next really successful terrorist attack- my guess would be an EMP bomb that knocks out all of our communications for a couple years- the stock market will plummett to less than 2000 and the price of gold will soar to above $5000 per ounce.
If we keep up our dependence on mid-eastern oil we'll only be funding the people who will want to carry out such a horrible catastrophy.
That sideways action is actually a descending triangle that ultimately breaks out strongly to the upside or downside. During that past 5 years, these breakouts have been upwards. This one apparently is doing the same thing. This would tend to support a still living bull.
Comments
For Technical Analysis of Gold I've enjoyed following www.tfnn.com
Growl Baby!
Don't even ask this little kid!
"Keep your malarkey filter in good operating order" -Walter Breen
Gold is zooming.
Antique Soda Bottles And Antique Soda Related
Advertising, and many other collectables!
Life is too short, I might as well buy Gold while I'm still around!
$20 Saint Gaudens Registry Set
Gold Rises to 7-Week High as Dollar Falls on Economy Concern ..............
Gold
<< <i>Gold Rises to 7-Week High as Dollar Falls on Economy Concern .............. >>
created by the skyrocketing national debt, housing market collapse and subsequent recession fueled by lower durable goods demand.
GO GOLD!!!
PCGS, ANACS, & NGC Certified Coins on My Website.
Watch the dollar and bonds. When they set new lows, gold will be approaching the recent highs and ready for a sustained rally. This one will be longer lasting but more subdued than previous moves.
morgans
in personal debt 9 trillion dollars up 40% in last 5 years alone.
And what the heck is "a violent sideways move"?
Fiat, fiat it's off to work we go. We are slaves to the government
there is no freedom, no liberty, except that which we purchase by
the toil of our labor to an opressive taxation in an outta control
welfare state. Damm where are my Xanax.
roadrunner
buy it near there and wait for the upswing. being patient will pay off.
If we keep up our dependence on mid-eastern oil we'll only be funding the people who will want to carry out such a horrible catastrophy.
Kitco
AJ
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
roadrunner
roadrunner,
Better words could not be spoken.
Bet a large number of forum members have at least one gold coin!!!!
In the interest of full disclosure, I will here and now admit to owning over 1 gold coin.
Anyone else catching a tad of 'gold fever?"