Is this the beginning of the end or the end of the beginning?
stevek
Posts: 28,966 ✭✭✭✭✭
All bubbles normally end with frenzied buying from the public, and that could be happening now which would signal the beginning of the end in the upward movement of gold. However, if the US and world economy eventually collapses to a small or large degree, this seemingly frenzied buying now, would be looked back upon as just the end of a controlled upward buying pattern, with the significant high price rise still to come.
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"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
Fred, Las Vegas, NV
<< <i>Are national banks, banks, ETFs, investment funds, etc etc etc considered the buying "public"? I can't say that I think so. >>
Since they are buying on behalf of investors they are considered the buying public. Central banks, i.e the Fed, are not considered the buying public.
"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>They've kicked the can down the road it's only going to get worse globally and no one can pull anyone else out. I ask myself is it better now than when I saw this coming at $260 gold? IMO it's not even close it's multiples worse since we've squandered other peoples money. It wouldn't surprise me if they decide to put all of our 401k in Treasury's to protect us and giving them the income they need to continue the madness until the final failure of globalization. >>
The can kickers realize they are on a cul-de-sac. They are losing their ability to hide it from the public.
"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
Liberty: Parent of Science & Industry
Based on nothing I'd say it's the 3rd inning, heading for total anarchy,
as the dollar becomes best served as a$$wipe.
From talking with people the last week, no one is really concerned with anything.
Most don't follow PM's or the markets, and are more concerned with Jersey Shore,
the price of a Starbucks coffee and new apps. for their smart phone.
<< <i>until what? >>
the mark
<< <i>i see no "frenzy" in the general public, I know of no one who ownes or is thinking of buying gold yet. It appears to be just getting on their general radar. >>
I see "frenzy" in the general public...selling their gold and silver at these levels!
I have a couple of friends visiting from Italy and they were so proud they sold a bunch of silver and gold and made "good money".
Then they showed me a St.Gaudens and three Indians $10 and asked for their value.
My first sentence was: do not sell them where you sold your silver and gold!
IMHO, we are far from the end...
I stopped wondering and just follow my instincts. Those instincts presently are to "keep stacking". Now I am just adding gold as I have plenty of silver.
So far my instincts are serving me well.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
of a super train heading straight for us, at 100 miles an hour. Should be where
we are standing, a few short months from now. Lets say, 1/1/12.
Camelot
solution to the problem and we are on the cusp of a true depression. In 1929, almost 50%
of the Nation lived on small farms and grew their own food. Today, it is quite a different story.
We shall get thru this, however, before it is concluded, all will be harmed, all people will be hurt.
Some a little more, some a little less, but all will be hurt, in some manner.
It has always been that way and so shall it always be that way. Sad really, we never seem
to learn from history. Stupidity seems to be genetically passed from one generation to another.
Camelot
Depression Cooking
"This is not the end. This is not the beginning of the end. It is the end of the beginning" as the scene transitions to the sun rising above the clouds. The message implies the philosophical underpinnings of the story in that life is cyclical and starts anew with the death of the old, the true balance of universal existence.Millenium The Movie
Box of 20
Box of 20
"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
It's the continuation of the continuation
Liberty: Parent of Science & Industry
It was the worst of times (FOR MANY)
It was the spring of hope (Banksters,Captains of Industry and those of inherited wealth)
It was the winter of despair" ( Pretty much, most of the folks not included in the above)
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In the end, a flaming comet shall blaze across the heavens,
A very large bell will be heard to ring world wide
A heavy book will make the sound of a final closing
From the heavens above, will come a tortured sigh
As salty tears of tremendous size, fall to the oceans blue and green below.
We have failed the Maker, mankind has failed
Hope has diminished from a bright torch to a small faintly glowing ember
It is closing in on night and the darkness is falling
As if to hide all of the shame and the suffering and the fear!:
Perhaps, tomorrow, will be a little better and a little kinder, but tis a forlorn hope at best.
An Original work by bear
Camelot
<< <i>It's half time, get a beer and a hot dog. >>
And if it's the Pregame, it's a beer and a hot dog! Go Bears!
<< <i>It was the best of times (FOR SOME)
It was the worst of times (FOR MANY)
It was the spring of hope (Banksters,Captains of Industry and those of inherited wealth)
It was the winter of despair ( Pretty much, most of the folks not included in the above)
In the end, a flaming comet shall blaze across the heavens,
A very large bell will be heard to ring world wide
A heavy book will make the sound of a final closing
From the heavens above, will come a tortured sigh
As salty tears of tremendous size, fall to the oceans blue and green below.
We have failed the Maker, mankind has failed
Hope has diminished from a bright torch to a small faintly glowing ember
It is closing in on night and the darkness is falling
As if to hide all of the shame and the suffering and the fear!:
Perhaps, tomorrow, will be a little better and a little kinder, but tis a forlorn hope at best.
An Original work by bear >>
With intro by Dickens - thought for sure the rest was from Milton - Nice job Bear!
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