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Don’t let them get you down!

Big Al
January 4, 2013

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Discussion
8 Comments
    Jan 04, 2013 04:33 PM

    Didnt rick ackerman say gold was going to 1625 two weeks ago. so why is very one so suprise?

      Jan 08, 2013 08:06 AM

      Yes he did and wasn’t he right!

    Jan 04, 2013 04:36 PM

    Rick also said we might see gold about 1560. It still could but time will tell.

      Jan 08, 2013 08:11 AM

      I have read Rick’s stuff since 2002 when he was a more ardent deflationist perhaps. I always thought he was a guy with a very balanced viewpoint. I think he is certainly a top tech analyst with a real feel for the markets too. Never arrogant either. Stockcharts gold daily chart shows a BIG hammer candle with a bottom at $1626. Rick hits tha mark again!

      I would like to ask him if he finds this hammer candle bullish.

    Jan 04, 2013 04:40 PM

    I would like to know what Americans think of Mexico, we get a lot of bad press about it here in Canada and I find it usually involves Canadians traveling there for vacations. We hear about corruption and crime and a number of Canadians have been murdered there even in 5 star hotels.

    But in the US there are many more people per capita that travel to Mexico than here,(besides the fact the population is 10 to 1) so I’m wondering if these news reports are published in The US and do people other then Canadians experience these sorts of problems, I don’t know whether this is a media problem here or are these situations not reported in The US. DT

    Jan 04, 2013 04:28 PM

    Al:

    If “ifs” and “buts” were candy and nuts, what a wonderful New Years it would be!

    PM demand will continue to increase when people realize that what is happening is all smoke and mirrors and I don’t believe that day is too far off……….. Without QE, we cannot balance anything when our government is spending more than 40% of their total revenue. Obama’s punitive tax increases will do nothing to solve the problem; but for the Fed, no one in their right mind would (will) purchase low interest Treasuries which almost certainly will be downgraded.

    Not a chance that the Fed and Treasury will stop QE; it is the path of least resistance and perhaps the best way to prevent a revolution……………at least short term.

    And it is not coincidential that Obama and Feinstein’s attempt to register and restrict transfership of firearms has no bearing. Canada tried this out on its citizens about ten years ago and there was only about a 50% compliance rate at least for rifles and shotguns; Ottawa budgeted 2-3 million cost but the latest figures are over a billion and Canadian Citizens don’t even have a 2nd Amendment right to even possess firearms or even enjoyfree speech under their 1972 Charter which is but a poor facsimile of our Constitution and our rights thereunder .

    inflation is already occuring and this will only continue to ramp up; simply go grocery shopping for the best proof of this.

    Just my 2 bits worth…………………………

    Jan 04, 2013 04:43 PM

    BTW:

    In some quarters at least…………….

    Our esteened, by some, leader of the free world, has just spent 20 million to enjoy at your expense, a 2 week holiday in Hawaii while Wahington burns. I say, impeach this pious, narcisittic SOB………….immediately!

      Jan 05, 2013 05:39 AM

      Hi DU, In his mind he’s probably saying “I’ve earned that 20 million dollar vacation,” what it really shows us is that what he does understand is contempt for the working man, black or white or might I also say all men and all women. DT