Originally posted by: cohodk I don't think I've ever claimed everything is pretty. But things certainly are not as dire as portrayed by several on this forum.
Open your windows, let the sun shine in, give your wife a kiss, grab a beer and watch football. That's a much more realistic view of American life.
Nice, distracting picture. Since the topic of this thread is economic news, have a realistic view of the American economy:
Some interesting world gold charts at the Cafe Friday (scroll down). The one showing YTD Shanghai gold physical withdrawals at 2259 tonnes vs. Comex deliveries of 43 tonnes is pretty stark. 10,000 tonnes of gold flowing into China the past 6 years. What does it mean? At a minimum it shows gold flows from west to east for up to 8 years now. The GLD fund is often cited as a huge gold inventory loss. In comparison, its 400-450 tonnes drop in the past 3 years is not that large compared to other sources flowing East. Central Banks have been net buyers at 3X that amount. The WGC/Reuters supply/demand stats don't accurately represent these West to East flows/Central bank buys. A couple thousand tonnes are "unaccounted" for.
Update for Wed 11/25: Jesse added this article today which fits in with the same analysis. 25,600 tonnes of gold have flowed from West to East since 2000....a 450% increase just since 2008.
The gold demand shifts I mentioned back in late November apparently did forecast what was coming. Gold bottomed for that intermediate cycle about 1 week after that post ($1046).
"Earlier this morning, Draghi pulled out a Bazooka Package that was supposed to sink the Euro and save the eurozone from the alleged evils of deflation. Draghi's plan worked for all of 15 minutes. The market then had second thoughts on the Euro, on gold, on the German stock market, and on equities in general."
More loss of confidence. We know what this does to PM prices.
These threads are fun to go back and revisit. Especially to see the "concerns" we had, or didn't have, and how those concerns faded or expanded, and the prognosticatons based on those concerns.
Seems some forum members are no longer with us. Sad.
Comments
Open your windows, let the sun shine in, give your wife a kiss, grab a beer and watch football. That's a much more realistic view of American life.
Knowledge is the enemy of fear
I don't think I've ever claimed everything is pretty. But things certainly are not as dire as portrayed by several on this forum.
Open your windows, let the sun shine in, give your wife a kiss, grab a beer and watch football. That's a much more realistic view of American life.
Nice, distracting picture. Since the topic of this thread is economic news, have a realistic view of the American economy:
Recession Time
Washington has joined Tokyo on the road to Leningrad
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Knowledge is the enemy of fear
I am thankful to not fall into the trap of irrational discouragement.
Knowledge is the enemy of fear
I guess you don't know the economics behind the NFL and getting the honey-do list done on Saturday.
That's the difference between micro and macro. Widen your view - go beyond the pretty.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Knowledge is the enemy of fear
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Knowledge is the enemy of fear
The man of mystery. A legend.
Knowledge is the enemy of fear
Knowledge is the enemy of fear
COHO,
The man of mystery. A legend.
Don't forget to add the part: In his own mind.
There ain't no mystery when you love fiat unconditionally.
Never at a loss for over dramatization, are ya roadrunner? That's what emotions can do to you, but can't blame you.
Dont we have any disastrous econ news?
Knowledge is the enemy of fear
Jebus,
If you're going to post that many times in a row how bout changing your avatar to a young Kate Beckinsale.
Knowledge is the enemy of fear
White House says president will veto.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Some interesting world gold charts at the Cafe Friday (scroll down). The one showing YTD Shanghai gold physical withdrawals at 2259 tonnes vs. Comex deliveries of 43 tonnes is pretty stark. 10,000 tonnes of gold flowing into China the past 6 years. What does it mean? At a minimum it shows gold flows from west to east for up to 8 years now. The GLD fund is often cited as a huge gold inventory loss. In comparison, its 400-450 tonnes drop in the past 3 years is not that large compared to other sources flowing East. Central Banks have been net buyers at 3X that amount. The WGC/Reuters supply/demand stats don't accurately represent these West to East flows/Central bank buys. A couple thousand tonnes are "unaccounted" for.
Update for Wed 11/25: Jesse added this article today which fits in with the same analysis. 25,600 tonnes of gold have flowed from West to East since 2000....a 450% increase just since 2008.
Silk road gold demand
China has an official gold army!
We have the PPT, they have the Gold Army.
Dow 18 year expanding wedge/megaphone back in play?
Dow 8200? or even 6,000? Charts say its possible. But, nothing to fear here that the FED can't rescue with $3 TRILL more in a QE4 package.
Here comes the Red Swan
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
ECB's Shock and Aw Shucks' moment
"Earlier this morning, Draghi pulled out a Bazooka Package that was supposed to sink the Euro and save the eurozone from the alleged evils of deflation. Draghi's plan worked for all of 15 minutes. The market then had second thoughts on the Euro, on gold, on the German stock market, and on equities in general."
More loss of confidence. We know what this does to PM prices.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Why is this thread still alive?
um, cause it's not yet 2017?
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Why is this thread still alive?
um, cause it's not yet 2017?
Gotcha!
Weaker dollar equals stronger gold.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Sure it can.
Liberty: Parent of Science & Industry
These threads are fun to go back and revisit. Especially to see the "concerns" we had, or didn't have, and how those concerns faded or expanded, and the prognosticatons based on those concerns.
Seems some forum members are no longer with us. Sad.
Knowledge is the enemy of fear
FED incompetence is no longer a concern.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Federal deficit is no longer a concern.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Increasing personal and sovereign debt is no longer a concern.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
$250 trillion (and growing) in derivatives in the FDIC banking universe of 6,122 banks and savings associations is no longer a concern.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.