$1659 and change now

JCMhouston

Not a bad day for the PM's, the stock markets are getting clobbered though.

jeremym

What can we expect from here, is the question.

storm888

As expected, we are seeing the "debt deal" dividend.

A massive printing/spending spree is on the way.

2012 should be the "new 1980."

....................................


GAO numbers:


* 2011 - $2.4 Trillion Is The Largest Debt-Limit Hike In American History

* 2010 - $1.9 Trillion Is The Second Largest Debt-Limit Hike In American History

* 2003 - $984 billion lifted the limit from $6.4T to $7.384T

* 1990 - $915 billion lifted the limit from $3.2T to $4.154T

* 1987 - $448 billion lifted the limit from $2.352T to $2.8T

Coins101

<< <i>As expected, we are seeing the "debt deal" dividend.

A massive printing/spending spree is on the way.

2012 should be the "new 1980."

....................................


GAO numbers:


* 2011 - $2.4 Trillion Is The Largest Debt-Limit Hike In American History

* 2010 - $1.9 Trillion Is The Second Largest Debt-Limit Hike In American History

* 2003 - $984 billion lifted the limit from $6.4T to $7.384T

* 1990 - $915 billion lifted the limit from $3.2T to $4.154T

* 1987 - $448 billion lifted the limit from $2.352T to $2.8T >>

cladking

My short term outlook for gold remains unchanged at $2100.

Silver should be pushing $60 probably.

While gold is a juggernaut with lots of inertia silver could be anywhere between $24 and $240 early next year.

percyb

<< <i>What can we expect from here, is the question. >>



More of the same.

dragon

<<< While gold is a juggernaut with lots of inertia silver could be anywhere between $24 and $240 early next year. >>>





$240.00 sounds good to me Clad!

dbcoin

<< <i>My short term outlook for gold remains unchanged at $2100.

Silver should be pushing $60 probably.

While gold is a juggernaut with lots of inertia silver could be anywhere between $24 and $240 early next year. >>



If silver hits $60, where does that put common MS63,4,5 Morgans?

DennisH

Higher.

DorkGirl

<< <i>Higher. >>

DoubleEagle59

It's old news but the trend is for the Dow: Gold ratio to get to 1:1.

Year 2000 it was 40:1.

Today almost 7:1.

Sometime in the near future 1:1.

A day like today does not surprise me at all.

roadrunner

Just another run of the mill day in Baleyville.

roadrunner

OnlyGoldIsMoney

<< <i>As expected, we are seeing the "debt deal" dividend.

A massive printing/spending spree is on the way.

2012 should be the "new 1980."



....................................


GAO numbers:


* 2011 - $2.4 Trillion Is The Largest Debt-Limit Hike In American History

* 2010 - $1.9 Trillion Is The Second Largest Debt-Limit Hike In American History

* 2003 - $984 billion lifted the limit from $6.4T to $7.384T

* 1990 - $915 billion lifted the limit from $3.2T to $4.154T

* 1987 - $448 billion lifted the limit from $2.352T to $2.8T >>







All fine with me. Anyone remember November 4, 1980?

storm888

<< <i>All fine with me. Anyone remember November 4, 1980? >>



//////////////


Yup.

But, if it were to become "obvious" that a similar shift was in store
for 11-6-12, April/May/June would likely bring harsh downtrends
for PMs.

derryb

"It's A Tradition... It's A Religion...It's A Barbarous Relic... It's $1,650" - Tyler Durden at ZeroHedge



<< <i>Just another run of the mill day in Baleyville. >>


I suspect Baleyville is in the suburbs of D.C. - population 90% government employees.