Got gold?
cohodk
Posts: 19,095 ✭✭✭✭✭
http://blogs.stockcharts.com/chart*watchers/2013/02/gold-approaching-critical-support.html
Please copy and paste but remove the *
This is exactly what I have been saying for the last year regarding perceived fundamentals and realized expectations.
Please copy and paste but remove the *
This is exactly what I have been saying for the last year regarding perceived fundamentals and realized expectations.
Excuses are tools of the ignorant
Knowledge is the enemy of fear
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Comments
It only makes the ultimate debt problem worse, not better. The ultimate debt problem is basic math, but the endpoint will be dictated by human nature.
I want real assets, and not much of anything else. The dollars you currently want to accumulate will get whipsawed, in my opinion. The only question is "when?" This is the real problem with manipulation - you simply cannot know what is real.
Charts are historical artifacts and I will grant that they show how money is flowing or has flowed. But they don't show you where the waterfall is.
I knew it would happen.
<< <i>Charts are historical artifacts and I will grant that they show how money is flowing or has flowed. But they don't show you where the waterfall is. >>
The kung-fu is deep with this one.
Loves me some shiny!
<< <i>
<< <i>Charts are historical artifacts and I will grant that they show how money is flowing or has flowed. But they don't show you where the waterfall is. >>
The kung-fu is deep with this one. >>
"I have three treasures which I hold and keep. The first is mercy, for from mercy comes courage. The second is frugality, from which comes generosity to others. The third is humility, for from it comes leadership."
- Master po
The "weakness" aids my overall plan.
I've got a little gold right here.
Say hello to my little friend.
<< <i>That may well be the case. However - my contention is that the Fed's inflation of the money supply is only to fight the deflation required to re-funding of all bank losses since 2008 and that the money is going into a hole of unknown proportions. So be it.
It only makes the ultimate debt problem worse, not better. The ultimate debt problem is basic math, but the endpoint will be dictated by human nature.
I want real assets, and not much of anything else. The dollars you currently want to accumulate will get whipsawed, in my opinion. The only question is "when?" This is the real problem with manipulation - you simply cannot know what is real.
Charts are historical artifacts and I will grant that they show how money is flowing or has flowed. But they don't show you where the waterfall is. >>
I think you could well be proven correct. In the interim however, you may just lose 40% (or more) of your dollar value through another type of devaluation.
Knowledge is the enemy of fear
Oh, my friends - I can almost guarantee that. And the month after the capitulation, prices will jump another 50% beyond where they fell from.
To quote a good friend of mine,
The more scared you are the more willing you are to pay up. Fear usually leads to bad decisions
So, the answer is to not be afraid.
I knew it would happen.
"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>I think you could well be proven correct. In the interim however, you may just lose 40% (or more) of your dollar value through another type of devaluation.
Oh, my friends - I can almost guarantee that. And the month after the capitulation, prices will jump another 50% beyond where they fell from.
To quote a good friend of mine,
The more scared you are the more willing you are to pay up. Fear usually leads to bad decisions
So, the answer is to not be afraid.
I would encourage everyone to read the Hoisington report linked in the article. Dont just read it, but understand it.
Knowledge is the enemy of fear
"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
Its clear you didnt read the Hoisington report. I encourage you to do so. Also, read all the other quarterly reports. I challenge you to find where they have been wrong.
My point is, and always has been, that gold and silver are only assests whose values will rise and decline. Acquiring these assets at the wrong time can prove very detrimental to ones financial situation. Never assume a supposed outcome. For the past 2 years, good people have gotten hurt by investing PM because of fear. Gold and silver will not be good investments again until no one is afraid as they were in 1995-2000. They may sit in this trading range for a time period much greater than patience will allow.
Knowledge is the enemy of fear
To wit:
we have an unusual paradox whereby legislative
and regulatory changes elevate the cost of living,
yet with this inflation, there is no associated growth
in income and standards of living decline. In this
circumstance, real income falters, and purchases of
non-mandated and discretionary items decline in
value and price. Call it “the deflationary paradox
of legislated increases in the cost of living.”
And this is the reason that Bernanke is creating unprecedented levels of liquidity. Only it doesn't become liquid. And there's no other arrows in his quiver. They're gone.
So, Hoisington continues on to discuss why interest rates on bonds haven't gone up and likely won't. What they ignore is that market pressures are trying to push rates up. They acknowledge that the Treasury is created debt that is a serious problem, but they ignore the ramifications of that observation.
The only way to keep rates low is to keep creating money and that makes the debt problem worse. Bernanke said during his nomination hearings or soon after he became Fed Chairman that it really didn't matter what happens in the rest of the world, and that US citizens wouldn't be affected by his helicopter drops of money for the purpose of keeping rates down as long as needed.
I disagree. I think that we are going to be affected by what happens in the rest of the world whether we want to be affected or not. In terms of China still owning $800 billion of our debt, perhaps it means that we won't be able to get cheap crap from China anymore, at least not at bargain basement prices. No big loss there. But elsewhere, it might mean that our own price for F-16s and Abrahms tanks will have to quadruple, instead of giving them away free and in hopes that they are never used against our interests. oops on that.
You say that gold can't rise until there is fear, and I say not to have fear. The kicker is to have concern and to act rationally without fear. I think it's rational not to believe in much of what the government or the Fed says. Hoisington may like the Koolaid, but I lost my taste for it in about 2006.
When they stop manipulating the markets and the economy, and when some of the worst offenders are rounded up and tried in a non-partisan court of law, then we can talk. Why would anyone ever trust these people who play their clients for chumps and these people who mismanage $100s of billions and then get free bailout money, and these people who vote to give the cheats and charlatans a free pass?
Don't say you were never warned. Other than all that, how's your day goin'?
I knew it would happen.
<< <i>Charts are historical artifacts and I will grant that they show how money is flowing or has flowed. But they don't show you where the waterfall is. >>
The kung-fu is deep with this one. >>
<< <i>"I have three treasures which I hold and keep. The first is mercy, for from mercy comes courage. The second is frugality, from which comes generosity to others. The third is humility, for from it comes leadership."
- Master po
<< <i>
Pai Mei concurs emphatically. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Knowledge is the enemy of fear
<< <i>jmski52............JAPAN. >>
Speaking of Japan I like EWJ right here. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>http://blogs.stockcharts.com/chart*watchers/2013/02/gold-approaching-critical-support.html
Please copy and paste but remove the * >>
Not sure why that would be necessary. If it was left out, one would only need to highlight it, right click and choose open link in a new window.
<< <i>
<< <i>http://blogs.stockcharts.com/chart*watchers/2013/02/gold-approaching-critical-support.html
Please copy and paste but remove the * >>
Not sure why that would be necessary. If it was left out, one would only need to highlight it, right click and choose open link in a new window. >>
without the temporary asterisk, the forum's dirty word filter will not let the link be posted. Same problem occurs with any links to Market*watch.
"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>
<< <i>
<< <i>http://blogs.stockcharts.com/chart*watchers/2013/02/gold-approaching-critical-support.html
Please copy and paste but remove the * >>
Not sure why that would be necessary. If it was left out, one would only need to highlight it, right click and choose open link in a new window. >>
without the temporary asterisk, the forum's dirty word filter will not let the link be posted. Same problem occurs with any links to Market*watch. >>
gotchya
<< <i>
<< <i>jmski52............JAPAN. >>
Speaking of Japan I like EWJ right here. MJ >>
I liked it 4 months ago when I wrote that the Yen was about rollover. Could double over the next few years though.
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>jmski52............JAPAN. >>
Speaking of Japan I like EWJ right here. MJ >>
I liked it 4 months ago when I wrote that the Yen was about rollover. Could double over the next few years though. >>
Nah. No one has missed anything yet. There were much better trades 4 moths ago. BAC comes to mind
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Getting physical!
<< <i>
<< <i>
<< <i>
<< <i>jmski52............JAPAN. >>
Speaking of Japan I like EWJ right here. MJ >>
I liked it 4 months ago when I wrote that the Yen was about rollover. Could double over the next few years though. >>
Nah. No one has missed anything yet. There were much better trades 4 moths ago. BAC comes to mind
MJ >>
I think I told you to wait on that one as it was a little extended and needed to test a 50 day average. So what happened? It traded sideways for 6 weeks, tested the 50 day, then bounced.
It's all timing my thirsty friends
Knowledge is the enemy of fear