being an election year, the pumps will get primed, so the economy will appear fine until somewhere around Nov. 30th. Gold will benefit from the liquidity, mostly from June through October & into November.
Q: Are You Printing Money? Bernanke: Not Literally
Agree with the prior posts but gold price are also affected by world events. Will the U.S. and Israel take out the nuclear facilities in Iran and what will happen afterwards? Gulf of Hormuz closed? Oil prices sky rocketing?
Worry is the interest you pay on a debt you may not owe.
When we have seen stocks weaken previously, seems that gold bugs (of the paper variety) bail to cover their margin calls or increase their liquidity so they can grab distressed symbols and the gold market gets very soft. So, if there is just weakness in the stock market then I would anticipate that the paper boys will drop the price of gold with their antics...JMHO, I'm not a wiz like some here, just an observer.
Some folks here talk about the weakness of the dollar, the gimmicked computer flash market trades, the fact that our gdp is lower than our national debt and we are paying interest out the yingyang eventhough we are taxing everything that moves. That topic seems to me to be the second stage of a stock market collapse, when the multi acronymed agencies can't keep the balls in the air any longer and the media can't pander their blue sky recovery BS to a populace that is watching the balls as they fall from the jugglers hands.
The trend of expatriating corporate cash to more tax friendly countries is not going to stop as long as corporations want to keep making a profit for stockholders and this may be the saving grace of the stock market...keeping the gov fingers outta yo pie so the companies can stay profitable. That is a whole different gold market scenario in which I believe that gold will actually be the last refuge of liquidity but that begs the question...who is going to give you cash for it and is the gov going to tax the bejezus out of any transaction? To answer my own question, I don't think too many folks will give you cash for gold as there just won't be any cash to give and yes, the gov will try and tax gold transactions into oblivion.
So, Where does gold go till December 2012...depends on how long they can keep the balls in the air.
Goldbully
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Give Me Liberty or Give Me Debt
being an election year, the pumps will get primed, so the economy will appear fine until somewhere around Nov. 30th. Gold will benefit from the liquidity, mostly from June through October & into November.
I knew it would happen.
Worry is the interest you pay on a debt you may not owe.
Some folks here talk about the weakness of the dollar, the gimmicked computer flash market trades, the fact that our gdp is lower than our national debt and we are paying interest out the yingyang eventhough we are taxing everything that moves. That topic seems to me to be the second stage of a stock market collapse, when the multi acronymed agencies can't keep the balls in the air any longer and the media can't pander their blue sky recovery BS to a populace that is watching the balls as they fall from the jugglers hands.
The trend of expatriating corporate cash to more tax friendly countries is not going to stop as long as corporations want to keep making a profit for stockholders and this may be the saving grace of the stock market...keeping the gov fingers outta yo pie so the companies can stay profitable. That is a whole different gold market scenario in which I believe that gold will actually be the last refuge of liquidity but that begs the question...who is going to give you cash for it and is the gov going to tax the bejezus out of any transaction? To answer my own question, I don't think too many folks will give you cash for gold as there just won't be any cash to give and yes, the gov will try and tax gold transactions into oblivion.
So, Where does gold go till December 2012...depends on how long they can keep the balls in the air.
type2,CCHunter.