Thought it was interesting that I ran across this just an hour ago on a blog I read. Always 2 sides to a story. >>
regardless which side one chooses, a valid question still remains: "Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?" My link asks it, yours does not dispel it.
Two sides are always better than one.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"I got 100% out of stocks because it is a totally rigged game. I'm into precious metals because I believe that they will protect me for the duration of this rat-infested Congress & Presidency"
Totally rigged? I'm sure there are some like minded on this particular forum that believe that, so you're not alone by any means.
It been my experience, over 30 years, that most fully reporting Nasdaq or big board stocks go up or down in the LONG RUN bases on there ability to make products, provide services or develop resources that people buy or don't buy at levels that are going top make that company profitable or not. In the sort run there is always manipulation buy shorts longs and shady dealings, no different than the metals market, real estate or baseball cards. I don't invest for the short run I know most on here don't as well, so I think the manipulation arguments are over exaggerated in almost any market over the longterm. Maybe I'm missing something but a vocal number of folks on here are always venting about manipulation in the metals market, but some on here apparently put virtually every long term investing dime in the same market they lament is being manipulated by the "banksters" or fed?
I have some physical metals and some mining stocks so I'm not anti metals, neither are most of the less than die-hard bugs on here. There is no perfect investment, there is no crystal ball, there are only less than brilliant humans, well most of us anyway , trying to not blow up our portfolios in the short run and prosper in the long run. I don't think making a undiversified all or nothing bet, in a less than liquid market (physical metals), is the best way to accomplish it....but that's just me.
The market went up today because of bad news. Investors are betting a weakening economy will prompt the Fed to continue QE, so the party could last a little longer.
A weak dollar should mean higher gold prices ... nothing makes sense anymore.
<< <i>The market went up today because of bad news. Investors are betting a weakening economy will prompt the Fed to continue QE, so the party could last a little longer.
A weak dollar should mean higher gold prices ... nothing makes sense anymore. >>
I wonder if the mainstream media will be taken to the task for their continuous propagating of propaganda?
Not really, five years of bad economic news are not being accurately reflected.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Unemployment is down, the dollar is stronger, the stock market and real estate market have been doing well.. >>
I didn't buy it in 2007 and see even less reason to buy it now. The dollar is the prettiest pig in an ugly pig contest. Doesn't mean the dollar is not ugly - only means it is not as ugly.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Maybe they can keep it going for a long, long time, fueled mainly on debt creation.
I don't think that we've earned any favors from anyone who matters lately so I'm not sure how they're going to continue the current ways of doing business much longer.
Bernanke said as much, that in terms of the dollar it really doesn't matter so much what happens outside our borders, only inside them. He had no real concern for trade or the costs of imports. I think he was dead wrong on that, but hey, I'm not the Fed chair.
Q: Are You Printing Money? Bernanke: Not Literally
There's not much difference between + 17 trillion and - 17 trillion that our leaders can't figure out live on C-Span. We raise the debt ceiling then sigh because nothing collapsed with the insertion of QE.
Of course, they (our leaders) are not underground digging in the mines, and those miners aren't being paid in "metal" or with much respect if it's a paper pay day. So thank the unions for protecting the workers.
There's a reason China called the U.S. " Paper Tiger." Our paper's pretty tough stuff in the world, and our pen is mightier than our nuclear teeth.
@tneig said:
I'm putting this on the refrigerator....
Another winnner from dbc, looks like Dow up 10,000 points from there, prolly qqq, spx and every other one also up big...
I tell ya the man is a genius...
must be, the trolls love him.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Hard to decide if good or bad news....but.... I personally expect China and India to be doing well ....VERY WELL... in the future.
I'm also seeing the US deteriorating in world power. Both China and India really like gold.
I hope you are right about China and India. I expect the United States to be doing well. China and India have the potential to do well, but face extraordinary political, environmental (especially water), and demographic issues.
Comments
Thought it was interesting that I ran across this just an hour ago on a blog I read. Always 2 sides to a story.
<< <i>Counterpoint to the above article
Thought it was interesting that I ran across this just an hour ago on a blog I read. Always 2 sides to a story. >>
regardless which side one chooses, a valid question still remains: "Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?"
My link asks it, yours does not dispel it.
Two sides are always better than one.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Totally rigged? I'm sure there are some like minded on this particular forum that believe that, so you're not alone by any means.
It been my experience, over 30 years, that most fully reporting Nasdaq or big board stocks go up or down in the LONG RUN bases on there ability to make products, provide services or develop resources that people buy or don't buy at levels that are going top make that company profitable or not. In the sort run there is always manipulation buy shorts longs and shady dealings, no different than the metals market, real estate or baseball cards. I don't invest for the short run I know most on here don't as well, so I think the manipulation arguments are over exaggerated in almost any market over the longterm. Maybe I'm missing something but a vocal number of folks on here are always venting about manipulation in the metals market, but some on here apparently put virtually every long term investing dime in the same market they lament is being manipulated by the "banksters" or fed?
I have some physical metals and some mining stocks so I'm not anti metals, neither are most of the less than die-hard bugs on here. There is no perfect investment, there is no crystal ball, there are only less than brilliant humans, well most of us anyway
Never underestimate the possibility that the game can continue longer than anyone thinks possible.
And even if the game plays itself out, there's no guarantees about what will maintain value. Lots of educated guesses, but no guarantees.
I knew it would happen.
You Only Live Once
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
A weak dollar should mean higher gold prices ... nothing makes sense anymore.
<< <i>The market went up today because of bad news. Investors are betting a weakening economy will prompt the Fed to continue QE, so the party could last a little longer.
A weak dollar should mean higher gold prices ... nothing makes sense anymore. >>
I wonder if the mainstream media will be taken to the task for their continuous propagating of propaganda?
Liberty: Parent of Science & Industry
is going to happen in Syria.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
but of course, PM holders 'know' that all that data is fake, the markets are wrong, and they, the PM bulls, are "not wrong, just not right yet"
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
<< <i>Unemployment is down, the dollar is stronger, the stock market and real estate market have been doing well.. >>
I didn't buy it in 2007 and see even less reason to buy it now. The dollar is the prettiest pig in an ugly pig contest. Doesn't mean the dollar is not ugly - only means it is not as ugly.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I don't think that we've earned any favors from anyone who matters lately so I'm not sure how they're going to continue the current ways of doing business much longer.
Bernanke said as much, that in terms of the dollar it really doesn't matter so much what happens outside our borders, only inside them. He had no real concern for trade or the costs of imports. I think he was dead wrong on that, but hey, I'm not the Fed chair.
I knew it would happen.
+ 17 trillion and
- 17 trillion that our leaders can't figure out live on C-Span. We raise the debt ceiling then sigh because nothing collapsed with the insertion of QE.
Of course, they (our leaders) are not underground digging in the mines, and those miners aren't being paid in "metal" or with much respect if it's a paper pay day. So thank the unions for protecting the workers.
There's a reason China called the U.S. " Paper Tiger." Our paper's pretty tough stuff in the world, and our pen is mightier than our nuclear teeth.
Is it still on the fridge 5 years later?
Liberty: Parent of Science & Industry
the way it moves, it would take some substantial news to keep gold aloft or down for extended periods.
Holders of PM have seen their purchasing power decline by 60-80% since this thread was started.
Maybe they (PMs) are a relative value now.
Knowledge is the enemy of fear
Another winnner from dbc, looks like Dow up 10,000 points from there, prolly qqq, spx and every other one also up big...
I tell ya the man is a genius...
must be, the trolls love him.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Hard to decide if good or bad news....but.... I personally expect China and India to be doing well ....VERY WELL... in the future.
I'm also seeing the US deteriorating in world power. Both China and India really like gold.
Ergo..... so do I.
I hope you are right about China and India. I expect the United States to be doing well. China and India have the potential to do well, but face extraordinary political, environmental (especially water), and demographic issues.