This is NOT about inflation. Hell, inflation is about as low as it was when gold was at $270.
It's about a primary commodity breaking out after a 21 year bear market. It's not abouot oil, the $$, inflation, global unrest.....we had all of that in the 90's and it did nothing to the price of gold.
The simple reason is that you have no Central Bank selling like you did all through the 80's until the very late 1990's. I believe the last CB's to sell were the stalwarts Great Britain, Switzerland and Germany. Talk about the biggest bulls doing the big puke.
This trend will last for another 3-5 years. Target $850. I'll wait before I ever say $1000. It's a bad mojo like "beans in the teens!". You know, that NEVER happened, yet the cry emits from the bean pit every 5 years or so for the last 100 years.
<< <i>This is NOT about inflation. Hell, inflation is about as low as it was when gold was at $270. >>
You don't think today's inflation report led to a short-covering rally?
In the long term the upward trend isn't specifically about inflation (at least not directly). Today's action, on the other hand, is surely influenced by it.
<< <i>The CPI is fiction, in case you guys didn't notice. >>
It's engineered to look more benign than it is. How many people really feel like their expenses are rising only 3% a year?
The weaker they make inflation look, the more confident they hope to make us feel about fiat currency, AND the less they have to pay out for interest on TIPS and the less they have to pay out in COLAs for Social Security and public pensions.
<< <i>The CPI is fiction, in case you guys didn't notice. >>
It's engineered to look more benign than it is. How many people really feel like their expenses are rising only 3% a year?
The weaker they make inflation look, the more confident they hope to make us feel about fiat currency, AND the less they have to pay out for interest on TIPS and the less they have to pay out in COLAs for Social Security and public pensions. >>
No reflection on you Darin, but Mensa is the biggest bunch of elitist snobs I have ever associated with... and quite frankly, their IQ's, for the most part, are not reflected in their real world accomplishments... Socially, they are a disaster. That being said, precious metals will continue to rise, albeit on a slower, but steady pace. SG is correct, there are minor blips due to market news.. but look at the overall trend. Darin is right about the percentage increase in relation to Gold/Silver. The trick is to have owned a large quantity before all the rise in price. Yes, I am smiling. Cheers, RickO
Comments
<< <i>Gold up $17 right now. Got breakout? >>
Had breakout on the first post here.
I made the call when it actually happened on the technicals.
NOW the doubters will start buying. I'm up $25/oz.
<< <i>
<< <i>Gold up $17 right now. Got breakout? >>
Had breakout on the first post here.
I made the call when it actually happened on the technicals.
NOW the doubters will start buying. I'm up $25/oz.
Let's just say the breakout needed confirmation, and today's action is doing just that.
<< <i>Gold up $17 right now. >>
Bad news on inflation will do that.
Then you watch as the "confirmation-needers" pile in.
<< <i>
<< <i>Gold up $17 right now. >>
Bad news on inflation will do that. >>
Shorts getting chased, no doubt about it.
<< <i>
<< <i>Gold up $17 right now. >>
Bad news on inflation will do that. >>
This is NOT about inflation. Hell, inflation is about as low as it was when gold was at $270.
It's about a primary commodity breaking out after a 21 year bear market. It's not abouot oil, the $$, inflation, global unrest.....we had all of that in the 90's and it did nothing to the price of gold.
The simple reason is that you have no Central Bank selling like you did all through the 80's until the very late 1990's. I believe the last CB's to sell were the stalwarts Great Britain, Switzerland and Germany. Talk about the biggest bulls doing the big puke.
This trend will last for another 3-5 years. Target $850. I'll wait before I ever say $1000. It's a bad mojo like "beans in the teens!". You know, that NEVER happened, yet the cry emits from the bean pit every 5 years or so for the last 100 years.
<< <i>This is NOT about inflation. Hell, inflation is about as low as it was when gold was at $270. >>
You don't think today's inflation report led to a short-covering rally?
In the long term the upward trend isn't specifically about inflation (at least not directly). Today's action, on the other hand, is surely influenced by it.
TheCPI wasn't that bad. It came in at .3% vs. expectations of .2%. We've seen much bigger surprises.
Wave 3 is alive and well.
<< <i>
TheCPI wasn't that bad. It came in at .3% vs. expectations of .2%. We've seen much bigger surprises.
>>
The CPI is fiction, in case you guys didn't notice.
<< <i>The CPI is fiction, in case you guys didn't notice. >>
It's engineered to look more benign than it is. How many people really feel like their expenses are rising only 3% a year?
The weaker they make inflation look, the more confident they hope to make us feel about fiat currency, AND the less they have to pay out for interest on TIPS and the less they have to pay out in COLAs for Social Security and public pensions.
<< <i>
<< <i>The CPI is fiction, in case you guys didn't notice. >>
It's engineered to look more benign than it is. How many people really feel like their expenses are rising only 3% a year?
The weaker they make inflation look, the more confident they hope to make us feel about fiat currency, AND the less they have to pay out for interest on TIPS and the less they have to pay out in COLAs for Social Security and public pensions. >>
Bingo. Give that man a prize.
<< <i>
<< <i>Gold up $17 right now. Got breakout? >>
Had breakout on the first post here.
I made the call when it actually happened on the technicals.
NOW the doubters will start buying. I'm up $25/oz.
check the posts, buddy..I called bottom at $605 and a brief retrace at $676.
I am the shizznit.
the smart money has been buying gold. But the mensa money has been buying silver.
I knew it would happen.
$690.....
<< <i>HELLO!!
$690..... >>
684.50