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Go GOLD!!!!!!
Goldbully
Posts: 16,862 ✭✭✭✭✭
So many of my oil invested friends think gold is going back to $800.....I say, gold is not oil!!
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Goldbully
Posts: 16,862 ✭✭✭✭✭
Goldbully
Posts: 16,862 ✭✭✭✭✭
Goldbully
Posts: 16,862 ✭✭✭✭✭
Comments
I knew it would happen.
Actually, the drop in PM's, since 2011 hasn't been that drastic in Canadian dollars, as we were about at par with the USD at the peak of the gold price (1900 usd, 1900 CDN) and now our dollar has dropped to 1.41 of the USD (1100 USD: 1500 CDN).
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
That's fairly "iffy" as well, but we've been down this road before and if the financial system craps out, I'd rather have metals.
I knew it would happen.
We shall see what happens with PMs.
Often what happens is what was unexpected.
PMs could also deflate....the whole boat goes down.
So many of my oil invested friends think gold is going back to $800.....I say, gold is not oil!!
Your oil invested friends should better understand the correlation between oil prices and gold prices. For now, as indicated by the recent past, PMs will follow the price direction of oil. I have a contrarian view of oil and foresee it moving back up, especially as middle east worsening conditions threaten future supply. As the threat of violence moves closer to El Saud, so grows the uncertainty and the danger to oil supply.
One thing that has become clear to me is that gold does not influence price movements of other assets. Other assets, however, push and pull on the price of gold.
Keep an open mind, or get financially repressed -Zoltan Pozsar
I knew it would happen.
Too many positive BST transactions with too many members to list.
Looks like a bunch of stock selling going one. What are they going to buy next is the question. Metal? Oil? Corn? Hog? Circuit boards?
Looks like Treasuries is it.
–John Adams, 1826
That said, the dollar is strong, oil is low, and wage inflation is also low, while price inflation for necessities is arguably higher.
Is this a good environment for the prospect of gold continuing higher?
It's at a 9 week high today, (combination of short covering/flight to safety? ) however the longer term downtrend remains unbroken until gold gets significantly higher.
If/when 2000/2001 and 2008/2009 type pain returns to the markets (especially stocks) and we enter a recessionary crisis period and asset value crash
(which is due, if not overdue)
then we could easily see sub-$1000 gold.. and maybe even a lot lower than that.
I'd be a big buyer below about $900
Liberty: Parent of Science & Industry
I believe my oil buddy friends are commiserating with one another and would love to see gold follow along with oil.
So many of my oil invested friends think gold is going back to $800.....I say, gold is not oil!!
Your oil invested friends should better understand the correlation between oil prices and gold prices. For now, as indicated by the recent past, PMs will follow the price direction of oil. I have a contrarian view of oil and foresee it moving back up, especially as middle east worsening conditions threaten future supply. As the threat of violence moves closer to El Saud, so grows the uncertainty and the danger to oil supply.
One thing that has become clear to me is that gold does not influence price movements of other assets. Other assets, however, push and pull on the price of gold.
So gold is wimpy?
Knowledge is the enemy of fear
So many of my oil invested friends think gold is going back to $800.....I say, gold is not oil!!
Your oil invested friends should better understand the correlation between oil prices and gold prices. For now, as indicated by the recent past, PMs will follow the price direction of oil. I have a contrarian view of oil and foresee it moving back up, especially as middle east worsening conditions threaten future supply. As the threat of violence moves closer to El Saud, so grows the uncertainty and the danger to oil supply.
One thing that has become clear to me is that gold does not influence price movements of other assets. Other assets, however, push and pull on the price of gold.
So gold is wimpy?
Don't act naive. You know what gold is. It's insurance.
Keep an open mind, or get financially repressed -Zoltan Pozsar
–John Adams, 1826
I doubt if that statement still "holds water." Insurance against what? All the pat answers may have been true in the past, but I have my doubts if they are still applicable. Only time will tell.
Only time will tell.
Time saves us from having to experience everything at once.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Only time will tell.
Time saves us from having to experience everything at once.
Time keeps people from looking like fools for their entire life....usually; )
Knowledge is the enemy of fear
Only time will tell.
Time saves us from having to experience everything at once.
Time keeps people from looking like fools for their entire life....usually; )
only some of us. Others can't hide it.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Only time will tell.
Time saves us from having to experience everything at once.
Time keeps people from looking like fools for their entire life....usually; )
only some of us. Others can't hide it.
No you cant. Lol.
Knowledge is the enemy of fear
Up nicely today.
Global equities continue to suffer, safe haven being sought.
The punch bowl is being prepared.
Keep an open mind, or get financially repressed -Zoltan Pozsar
With oil/stocks/China etc., this is getting real interesting.... Fun times...Cheers, RickO
With all markets suffering...including the several year slide in PMs and a flight now to the safety of treasuries paying next to nothing in interest rates with the fall in equities....
These are far from "fun times".
Stackers have been hurt for years, now the Joe6pack 401K/IRAs of the middle class as well as the low fixed income returns that many retired folks depend on are in the gutter.
As often the case...the 99% are hurting and it is getting worse
I guess if you are a bank or corporate big wig still pulling in millions while your shareholders take it on the chin it may still feel like fun times.
Look around....lots of suffering occurring.
JMHO.
With oil/stocks/China etc., this is getting real interesting.... Fun times...Cheers, RickO
With all markets suffering...including the several year slide in PMs and a flight now to the safety of treasuries paying next to nothing in interest rates with the fall in equities....
These are far from "fun times".
Stackers have been hurt for years, now the Joe6pack 401K/IRAs of the middle class as well as the low fixed income returns that many retired folks depend on are in the gutter.
As often the case...the 99% are hurting and it is getting worse
I guess if you are a bank or corporate big wig still pulling in millions while your shareholders take it on the chin it may still feel like fun times.
Look around....lots of suffering occurring.
JMHO.
Sellers have been hurt for years. Stackers have been stacking at a cheaper cost. Stackers realize there are ups and downs and react to them accordingly. The current lack of a "quick profit" is not a detriment to a true stacker. Quick profits are made on the move up.
Keep an open mind, or get financially repressed -Zoltan Pozsar
With oil/stocks/China etc., this is getting real interesting.... Fun times...Cheers, RickO
With all markets suffering...including the several year slide in PMs and a flight now to the safety of treasuries paying next to nothing in interest rates with the fall in equities....
These are far from "fun times".
Stackers have been hurt for years, now the Joe6pack 401K/IRAs of the middle class as well as the low fixed income returns that many retired folks depend on are in the gutter.
As often the case...the 99% are hurting and it is getting worse
I guess if you are a bank or corporate big wig still pulling in millions while your shareholders take it on the chin it may still feel like fun times.
Look around....lots of suffering occurring.
JMHO.
Sellers have been hurt for years. Stackers have been stacking at a cheaper cost. Stackers realize there are ups and downs and react to them accordingly. The current lack of a "quick profit" is not a detriment to a true stacker. Quick profits are made on the move up.
The same can be said for equity holders over time!
With oil/stocks/China etc., this is getting real interesting.... Fun times...Cheers, RickO
With all markets suffering...including the several year slide in PMs and a flight now to the safety of treasuries paying next to nothing in interest rates with the fall in equities....
These are far from "fun times".
Stackers have been hurt for years, now the Joe6pack 401K/IRAs of the middle class as well as the low fixed income returns that many retired folks depend on are in the gutter.
As often the case...the 99% are hurting and it is getting worse
I guess if you are a bank or corporate big wig still pulling in millions while your shareholders take it on the chin it may still feel like fun times.
Look around....lots of suffering occurring.
JMHO.
Sellers have been hurt for years. Stackers have been stacking at a cheaper cost. Stackers realize there are ups and downs and react to them accordingly. The current lack of a "quick profit" is not a detriment to a true stacker. Quick profits are made on the move up.
The same can be said for equity holders over time!
Time (patience) is what separates the stacker from the investor.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Got Gold?
Interesting. It's just the same with stocks, real estate, and other asset classes!
BTW, the PM stackers who have been "stacking at a cheaper cost", pray tell, where are they getting their money to buy metals with?
Liberty: Parent of Science & Industry
Discretionary income
Stackers have been stacking at a cheaper cost. Stackers realize there are ups and downs and react to them accordingly. The current lack of a "quick profit" is not a detriment to a true stacker. Quick profits are made on the move up.
Interesting. It's just the same with stocks, real estate, and other asset classes!
BTW, the PM stackers who have been "stacking at a cheaper cost", pray tell, where are they getting their money to buy metals with?
I imagine most PM stackers have jobs that pay a salary or a pension if they are retired. They put a small part of their income toward PM's when ever they get paid.
Worry is the interest you pay on a debt you may not owe.
Stackers have been stacking at a cheaper cost. Stackers realize there are ups and downs and react to them accordingly. The current lack of a "quick profit" is not a detriment to a true stacker. Quick profits are made on the move up.
Interesting. It's just the same with stocks, real estate, and other asset classes!
Yes it is the same. But we don't refer to other asset class investors as stackers. Why is that?
Keep an open mind, or get financially repressed -Zoltan Pozsar
So many of my oil invested friends think gold is going back to $800.....I say, gold is not oil!!
Your oil invested friends should better understand the correlation between oil prices and gold prices. For now, as indicated by the recent past, PMs will follow the price direction of oil. I have a contrarian view of oil and foresee it moving back up, especially as middle east worsening conditions threaten future supply. As the threat of violence moves closer to El Saud, so grows the uncertainty and the danger to oil supply.
One thing that has become clear to me is that gold does not influence price movements of other assets. Other assets, however, push and pull on the price of gold.
I just heard on the radio that Social Security is going broke in 13 short years and that benefits are sure to be cut. Insurance against what, you say? Postage rates just went up the most ever, and yet "there is no inflation".
Which brings us to a simple, yet powerful premise. The government is incompetent to the max. If you really wanna trust what you're fed on CNBC or by gov.com, please be my guest. But be forewarned - neither Wall Street nor gov.com is your friend or protector. This has become all too obvious.
Cheerio good friends, carry on.
I knew it would happen.
Another short rally flop....Back to normalcy
ECB stays pat on interest rates, euro declines, dollar surges. . .and we know what that does to paper gold prices. And the dance continues.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Keep an open mind, or get financially repressed -Zoltan Pozsar
Peak Gold and Silver production is here
I just hope prices do not follow in the footsteps of oil after all the stories we heard about peak oil several years ago. My, how depressing that would be. I would also encourage folks to read the quarterly and annual reports of the mining companies to verify that the linked article does indeed have merit.
Knowledge is the enemy of fear
Keep an open mind, or get financially repressed -Zoltan Pozsar
I would encourage folks here to treat any linked information as only the first step in their search for truth and accuracy. Consider such links to be a door that has been opened. Do not get trapped by your pre-conceived opinions - allow them to mature in a changing world.
Bravo! !!!!
100 quadrillion likes. (For roadrunner)
Knowledge is the enemy of fear
Another short rally flop....Back to normalcy
Trying again to rise up!
Paul (a die-hard NE fan)
Another short rally flop....Back to normalcy
fortunes are made by the big paper players with these small but volatile moves.
It's almost as if they are behind them, making money in both directions.
Keep an open mind, or get financially repressed -Zoltan Pozsar