Tell you what will jack up PM prices
Bear
Posts: 18,953 ✭✭✭
Some time between now and the end of the year
two things may happen:
The US and S. Korea, take out N. Korea nuclear, rocket and conventional forces
Israel at the same time, takes out the Iranian atomic plants, rocket sites and conventional
force assembly points such as navel, air and radical paramilitary forces.
If Syria does not take these developments to heart, it will be next on the list , completing
the demise of the dirty trio.
If this isn't enough to bring gold to 1700, then I don not know what will.
If this brings on Armageddon,....well......it' probably gonna happen in any event.
two things may happen:
The US and S. Korea, take out N. Korea nuclear, rocket and conventional forces
Israel at the same time, takes out the Iranian atomic plants, rocket sites and conventional
force assembly points such as navel, air and radical paramilitary forces.
If Syria does not take these developments to heart, it will be next on the list , completing
the demise of the dirty trio.
If this isn't enough to bring gold to 1700, then I don not know what will.
If this brings on Armageddon,....well......it' probably gonna happen in any event.
There once was a place called
Camelot
Camelot
0
Comments
I don't know if that would push gold to $1700 this year, but I'm betting on $1700 gold by 2011.
roadrunner
You're talking a long term PM strategy. Geopolitics are tricky. The rabbit has been known to pop out of the hat when you least expect it. The rabbit has also been known to be a perennial no show. I'm an old time patriot but I'm no longer convinced the US, or Israel, would win the world conflicts you postulate. N Korea is armed to the teeth, without the restraint of common sense. NK and the 'dear leader' won't likely fight with one hand tied behind their back, which seems to be the only way the US is allowed to do things.
If NK was to invade SK then there would be no choice.
and I believe gold is way overpriced; it is a matter of time before the gold buble is going to pop.
Where is there a bubble in Gold and or Silver.
Gold is simply knocking at basicaly the same door it knocked on in 1980. A bubble in gold is multiples away from its point at this time.
But when the actual bubble comes, you and others will probably be convinced its going even further, and it may, before it pops.
I'm not too sure about the "sliva" thing though.
the only thing that will push up gold is inflation.
now, another oil crisis could do that, and if any of the events listed above forces up oil prices then gold will shine.
www.AlanBestBuys.com
www.VegasBestBuys.com
Those who have tried to tie the movement of one item with another has always been disapointed over time. You can find support for the relationship at on time but not another
and when it don't play out the way they supposed, they either go silent or come up with a convoluted reason for the divergence. It happens over and over.
Greed, mania, just being convinced something is going to be a way forever, and mass media hyping etc, is all it takes. When this happens we always look for some connection to something else to help explain and rationalize the move. Its ever changing and if it were so easy to say that if B happens then C always does this. Forget the Always and Nevers and just follow the Bubbles, they are usually always irrational.
<< <i>when there is chaos, the US dollar soars, and that will push gold prices down.
the only thing that will push up gold is inflation.
now, another oil crisis could do that, and if any of the events listed above forces up oil prices then gold will shine. >>
I will differ with the comment when there is chaos, the US dollar soars. It didn't work in the late 70's when the first Carter administration got rolled by the Soviet invasion of Afghanistan. The current Carter 2 regime will drive gold to breathtaking highs with their fiscal & monetary policy.
<< <i>when there is chaos, the US dollar soars, and that will push gold prices down.
the only thing that will push up gold is inflation.
now, another oil crisis could do that, and if any of the events listed above forces up oil prices then gold will shine. >>
The dollar does well when the world is viewed as being less risky. As risk appetite decreases, money flows to where it is viewed to be safe. And that usually is the USA.
Knowledge is the enemy of fear
ie. inflation up/gold up inflation down/gold down compare your charts, there have been many divergences. I've been amazed through the years how the s&p was said to move in correlation to this or that and when this or that diverged they went silent and then found another item to peg it too and on and on.
<< <i>Whether it's the Middle East, Southeast Asia, both or elsewhere; we seem destined for a significant "conflict" in the 2nd half of 2009.
I don't know if that would push gold to $1700 this year, but I'm betting on $1700 gold by 2011. >>
I wouldn't consider Korea as South East Asia-
The Philippines, Viet Nam, Cambodia, Thiailand etc.... are South East Asia
Hong Kong, Taiwan, Macau etc.... are Central Asia
N. Korea, S. Korea, Japan etc.... are North East Asia