Following a slow weak the PPT is back at work...with ground to make up. Note that rapidly dropping gold prices usually precede the FED chief speaking. Other than him being announced as a 6th grade spelling bee champion, I wasn't impressed with anything BB had to say, apparently neither were the markets.
MAN, this thread is starting to sound like a broken record! ! !
And I could go on and on with the little emoticons . . . but won't!
Stack'em High!
John
Need the following OBW rolls to complete my 46-64 Roosevelt roll set: 1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S. Any help locating any of these OBW rolls would be gratefully appreciated!
Now this is a cliff, it was up 15 minutes ago, down 40 15 minutes after NYSE opened, under 800. >>
And again!!!!!!!!!! >>
The well-known "Wounded Duck" hyper-parabola!!!!
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.
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.
Too many people were wrong about gold in 2008. So what that the prices went up and down at the $700-900 per ounce. Gold has been in a yearly upward trend, not a bubble that was destined to burst. Its been 2 years guys, and 2008 was the best time to spend all of your money on gold because the returns were excellent last year and even more so this year. How long will this bull run last? I don't know. Will gold drop anytime soon? Well, unemployment is still high and the FED is leaning towards quantitative easying in November, so it will stay this high for now. After November, I think we will have to see the world economy changes.
Keep in mind that in the 1920s, an ounce of gold bought you a really nice suit. Right now, an ounce of gold will buy a nice Armani or Hugo Boss suit, but you might have some change left over. I think there is some speculation built into the current gold price, but it can't go down to $800 soon. If it does, then prices for consumer products will also by very low.
"So many of our DREAMS at first seem impossible, then they seem improbable, and then, when we SUMMON THE WILL they soon become INEVITABLE "- Christopher Reeve
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Too many people were wrong about gold in 2008. So what that the prices went up and down at the $700-900 per ounce. Gold has been in a yearly upward trend, not a bubble that was destined to burst. Its been 2 years guys, and 2008 was the best time to spend all of your money on gold because the returns were excellent last year and even more so this year. How long will this bull run last? I don't know. Will gold drop anytime soon? Well, unemployment is still high and the FED is leaning towards quantitative easying in November, so it will stay this high for now. After November, I think we will have to see the world economy changes.
Keep in mind that in the 1920s, an ounce of gold bought you a really nice suit. Right now, an ounce of gold will buy a nice Armani or Hugo Boss suit, but you might have some change left over. I think there is some speculation built into the current gold price, but it can't go down to $800 soon. If it does, then prices for consumer products will also by very low. >>
One minute it was up +$5.00 and when I refreshed it was -$22.00. (Of course, I hadn't refreshed for a couple hours.) Gee, I suppose that the economy is better now. Something tells me that it's a non-event.
Q: Are You Printing Money? Bernanke: Not Literally
Positioning and profit taking in front of QE2 remarks @ 2:15pm......The dollar is pretty flat. A NICE shakeuot would be AWESOME. Don't forget QE2 is baked into the price of gold. How much QE2 is another matter. The Tea Parties victory yesterday and a demand for a strong dollar could be a SMALL issue as well............JMO.MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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.
FYI $20 up or down isn't a major move anymore with gold trading at $1300+. A 1.5% move really isn't much when you are talking about a thinly traded market like gold and especially silver. They can swing at a 3%-5% swing when they become really jumpy.............Hold onto your socks
MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
The Tea Parties victory yesterday and a demand for a strong dollar could be a SMALL issue as well............JMO
Yeah, MJ - I would expect volatility until reality sinks back in. The best thing about the election is that there will be fewer socialistic initiatives, but that doesn't mean there won't be shenanigans. And it will be awhile before the bleeding can be stopped and the wounds bandaged.
The CNBC pundits are all excited about expectations that QE2 won't have to be as large. Rick Santelli said a little earlier that he doesn't see the dollar being out of trouble.
I'm with Santelli.
Q: Are You Printing Money? Bernanke: Not Literally
Me too. I miss Santelli when I'm in China...............MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Temporary thing on misperception. Like reagan who ran on a "smaller" government platform and then proceeded to spend money like a drunken sailor to wherer we are still just making interest payments? Yeah well so much for smaller government. MOST of the glen beck type tea partiers including rubio here in Fla are merely neocons with a seemingly new pitch.
Rand Paul is the real deal but his "tea party " was started by his father. In fact there was a giant money bomb on the date of the actual Boston Tea Party for Dr Paul and that's when the tea party began. It has since been corrupted by the likes of sarah palin and glen beck who are FAR from libertarians and in fact neocons.
But the sheeple, too ignorant to do anything have cast their vote for these guys and watch the debt continue to mount. Sad really.
Make money. That's the best therapy there is. No matter what these lowlife's do, set your own course and be happy. Voting doesn't do sheet. If it could, they would quickly find a reason to ban it for either our safety or the children.
<< <i>Depending on today's Fed wording, "QE2" could morph into "Titanic." >>
Hopefully it will be more like the SS Minnow. A guy can dream can't he? MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
The correct move now is to raise rates. The economy isnt going to improve for years anyway, so why waste more money. Its time to reward the savers, as it is they who will pull the economy from the brink. Reward the savers Uncle Ben, stop punishing them.
<< <i>The correct move now is to raise rates. The economy isnt going to improve for years anyway, so why waste more money. Its time to reward the savers, as it is they who will pull the economy from the brink. Reward the savers Uncle Ben, stop punishing them. >>
I agree with you. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>The correct move now is to raise rates. The economy isnt going to improve for years anyway, so why waste more money. Its time to reward the savers, as it is they who will pull the economy from the brink. Reward the savers Uncle Ben, stop punishing them. >>
I agree with you. MJ >>
We were dreaming. The Fed basically said that they will never raise rates in our lifetimes. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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.
A potential test of the Tea Party's clout will come when the next "needed" raise in the national debt ceiling arrives.
I don't think it's likely that Congress will refuse outright, but they could attach some serious spending cuts to the bill to increase the debt ceiling.
<< <i>A potential test of the Tea Party's clout will come when the next "needed" raise in the national debt ceiling arrives.
I don't think it's likely that Congress will refuse outright, but they could attach some serious spending cuts to the bill to increase the debt ceiling. >>
That is one TUFF test for the many new freshman.
If they go for the cap, were sunk. If the extend the cap, were sunk...but down the road. It's lose now or lose later.
<< <i>"Only" $600Bln in QE initially? I though that the Gold market priced in $1T for $1350 Gold? >>
I believe the USD had priced in around $600B for QE2. QE2 came in about "as expected" and that drove gold over $1350. Remember that $600B only takes us to June 2011. QE3 will push The Fed over the $3 trillion mark with another $500B package that is all but certain by the 4Q11. Before the end of 2011, gold should exceed $1500 and silver $30.
Our friends at Goldman-Sachs stated we "need" $2 trillion more, on top of QE2, to really get things humming. You want to see $2000 gold in 2011? Follow Goldman's advice!
<< <i>"Only" $600Bln in QE initially? I though that the Gold market priced in $1T for $1350 Gold? >>
I believe the USD had priced in around $600B for QE2. QE2 came in about "as expected" and that drove gold over $1350. Remember that $600B only takes us to June 2011. QE3 will push The Fed over the $3 trillion mark with another $500B package that is all but certain by the 4Q11. Before the end of 2011, gold should exceed $1500 and silver $30.
Our friends at Goldman-Sachs stated we "need" $2 trillion more, on top of QE2, to really get things humming. You want to see $2000 gold in 2011? Follow Goldman's advice! >>
I don't want to see Gold at $2k by the end of 2011 ... Some basic food staples have almost doubled in the last year. Gasoline will hit $200 per gal. with Gold at $2K .... However, Silver may hit $30 before 2011.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Comments
deleveraging
profit taking
conspiracy
worthless yellow stuff
no faith in the paper trades
no physical settlements
take your pick more than one may be right
i would think that the carry traders would need another place to go, maybe they are "here", too?
roadrunner
Camelot
<< <i>PLOP! >>
Ker PLOP!
And I could go on and on with the little emoticons . . . but won't!
Stack'em High!
John
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
were not as scary as the ride with gold.
Camelot
<< <i>
<< <i>
<< <i>Here we go again!!!
Now this is a cliff, it was up 15 minutes ago, down 40 15 minutes after NYSE opened, under 800. >>
And again!!!!!!!!!! >>
The well-known "Wounded Duck" hyper-parabola!!!!
Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin
#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
<< <i>drop some more!!!
You said it. At least until after the Proof Buffs come out.
<< <i>
Dang, now that's a cliff!!!!!!!!!!!
<< <i>
<< <i>
Dang, now that's a cliff!!!!!!!!!!! >>
Is that a ski jump at the end?
<< <i>
<< <i>
<< <i>
Dang, now that's a cliff!!!!!!!!!!! >>
Is that a ski jump at the end? >>
Eddie the Eagle would think so.
Free Trial
..........As of 8:20pm EST anyway!!!!
edited to add: One of the best Thread Titles ever!!!!!!
Look Out Above!!
I knew it would happen.
roadrunner
Keep in mind that in the 1920s, an ounce of gold bought you a really nice suit. Right now, an ounce of gold will buy a nice Armani or Hugo Boss suit, but you might have some change left over. I think there is some speculation built into the current gold price, but it can't go down to $800 soon. If it does, then prices for consumer products will also by very low.
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Too many people were wrong about gold in 2008. So what that the prices went up and down at the $700-900 per ounce. Gold has been in a yearly upward trend, not a bubble that was destined to burst. Its been 2 years guys, and 2008 was the best time to spend all of your money on gold because the returns were excellent last year and even more so this year. How long will this bull run last? I don't know. Will gold drop anytime soon? Well, unemployment is still high and the FED is leaning towards quantitative easying in November, so it will stay this high for now. After November, I think we will have to see the world economy changes.
Keep in mind that in the 1920s, an ounce of gold bought you a really nice suit. Right now, an ounce of gold will buy a nice Armani or Hugo Boss suit, but you might have some change left over. I think there is some speculation built into the current gold price, but it can't go down to $800 soon. If it does, then prices for consumer products will also by very low. >>
Listening to Jonathan Rose again, eh?
I knew it would happen.
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>What is this cliff you speak of?
MJ >>
You didn't get the cliff notes???
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Yeah, MJ - I would expect volatility until reality sinks back in. The best thing about the election is that there will be fewer socialistic initiatives, but that doesn't mean there won't be shenanigans. And it will be awhile before the bleeding can be stopped and the wounds bandaged.
The CNBC pundits are all excited about expectations that QE2 won't have to be as large. Rick Santelli said a little earlier that he doesn't see the dollar being out of trouble.
I'm with Santelli.
I knew it would happen.
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Rand Paul is the real deal but his "tea party " was started by his father. In fact there was a giant money bomb on the date of the actual Boston Tea Party for Dr Paul and that's when the tea party began. It has since been corrupted by the likes of sarah palin and glen beck who are FAR from libertarians and in fact neocons.
But the sheeple, too ignorant to do anything have cast their vote for these guys and watch the debt continue to mount. Sad really.
Make money. That's the best therapy there is. No matter what these lowlife's do, set your own course and be happy. Voting doesn't do sheet. If it could, they would quickly find a reason to ban it for either our safety or the children.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Depending on today's Fed wording, "QE2" could morph into "Titanic." >>
Hopefully it will be more like the SS Minnow. A guy can dream can't he? MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
What, am I the only one who likes a sale?
Knowledge is the enemy of fear
I knew it would happen.
Knowledge is the enemy of fear
<< <i>The correct move now is to raise rates. The economy isnt going to improve for years anyway, so why waste more money. Its time to reward the savers, as it is they who will pull the economy from the brink. Reward the savers Uncle Ben, stop punishing them. >>
I agree with you. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>The correct move now is to raise rates. The economy isnt going to improve for years anyway, so why waste more money. Its time to reward the savers, as it is they who will pull the economy from the brink. Reward the savers Uncle Ben, stop punishing them. >>
I agree with you. MJ >>
We were dreaming. The Fed basically said that they will never raise rates in our lifetimes. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Depending on today's Fed wording, "QE2" could morph into "Titanic." >>
Exactly. Our reliable friends at CNBC reported this afternoon that QE2 could end up at $3 trillion total by 2012.
roadrunner
I don't think it's likely that Congress will refuse outright, but they could attach some serious spending cuts to the bill to increase the debt ceiling.
My Adolph A. Weinman signature
<< <i>A potential test of the Tea Party's clout will come when the next "needed" raise in the national debt ceiling arrives.
I don't think it's likely that Congress will refuse outright, but they could attach some serious spending cuts to the bill to increase the debt ceiling. >>
That is one TUFF test for the many new freshman.
If they go for the cap, were sunk. If the extend the cap, were sunk...but down the road. It's lose now or lose later.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i>"Only" $600Bln in QE initially? I though that the Gold market priced in $1T for $1350 Gold? >>
I believe the USD had priced in around $600B for QE2. QE2 came in about "as expected" and that drove gold over $1350. Remember that $600B only takes us to June 2011. QE3 will push The Fed over the $3 trillion mark with another $500B package that is all but certain by the 4Q11. Before the end of 2011, gold should exceed $1500 and silver $30.
Our friends at Goldman-Sachs stated we "need" $2 trillion more, on top of QE2, to really get things humming.
<< <i>
<< <i>"Only" $600Bln in QE initially? I though that the Gold market priced in $1T for $1350 Gold? >>
I believe the USD had priced in around $600B for QE2. QE2 came in about "as expected" and that drove gold over $1350. Remember that $600B only takes us to June 2011. QE3 will push The Fed over the $3 trillion mark with another $500B package that is all but certain by the 4Q11. Before the end of 2011, gold should exceed $1500 and silver $30.
Our friends at Goldman-Sachs stated we "need" $2 trillion more, on top of QE2, to really get things humming.
I don't want to see Gold at $2k by the end of 2011 ... Some basic food staples have almost doubled in the last year. Gasoline will hit $200 per gal. with Gold at $2K .... However, Silver may hit $30 before 2011.
<< <i>
<< <i>
<< <i>Here we go again!!!
Now this is a cliff, it was up 15 minutes ago, down 40 15 minutes after NYSE opened, under 800. >>
And again!!!!!!!!!! >>
And again!!!!!!!!!!!!!!!!!!!!