Morning Thoughts on Gold from Rick
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That is why I keep repeating, Machine Gun, “stay as informed as you possibly can”!
Big Al
Al, to get more insight into what is going on with the markets, consider reading “Dying of Money” by Parssons. It is is a very helpful book. It gives the reader insight into the sequelae of money printing, including the soaring stock market, volatility, etc.
Okay, Tex, I will order it for my e-reader.
Thanks,
Big Al
If the August cantract slices thru $1354.20 and stays below for a couple days its look out below.
The manipulaters no that, they want to defend the $, they have limitless cash to pull it off with, think theyll do it? If I was the american government I would, interesting tho that JP Morgan has gone long from short, a “long trap” set maybe, could be bait?
The amount it costs them is meaningless if their goal is to take invester funds, they get it back in time.
I havnt listen to Mr.Savage yet but I really like R.Ackermans,Docs and TRs opinions.
Al excellent Al.
Whew benb……here’s to hoping there is Phyzz out there— to pick up on the cheep all summer long!
They do have limitless cash to pull it off, but it would take limitless gold to make it stick. The operation in April backfired as buying everywhere skyrocketed. With so much dumb money spanked and gone, I think another paper hit job would bring even less physical to market.
I still think gold will end this week higher and rally from there.
Hope you are correct, Matthew!
Big Al
I think Matthew is correct…..they were talking about, the failure of comex to deliver at Sinclair’s sight, as well as KWN………….
Many thanks, benb!
Big Al
Really, makes one comfortable to know that well paid , maybe respected, HEDGE FUND money managers,,,,are looking for a “jump in front” action…..of the next idiot,,,,
Tells me , they are all idiots…………..trading with idiots…..and how can anyone follow an idiot………………
.OVER THE CLIff, goeth those that follow idiots,hand in hand, like a sheep to the sheering cage,,be not afraid little one, for your fleece needith thee not,for the food of a fool,makeith much folic,……………..uncle vic….1908….
uncle vic…..said it should be not” folic” ,,but, frolic
First or Second “Testament”?
Big Al
You guys make good points, My thinking is/has been, the american government will hammer gold, they will take it down as far as they can to defend the dollar, the chinese recommended to their people to buy at around $1000. When it gets there the chinese will move with a trillion or so, so as not to lose face,they no currency is not money and its value is deteriorating, then we see how much the americans,japanese, brits print. Up go the markets in low value currency.
But ultimatly, the gold should run out and there will be a choice to be made. Right now Rickards figures a revaluation to around $7000 balances everything.
And lo and behold, everyone is happy, except the savers of course.
And on the american markets? a 50% haircut of american dollars? means1/2 the gold required to balance.
Bird is right, gold is a sideshow, canaries are small.
Interesting points, benb
Big Al
just another gold day that makes me insane…
Any idea how I feel, Robert!
Big Al
Are things going to get better or worse ? There are many differing opinions out there, there never has been a moment when the best financial opinion was unanimous. Few men like to take responsibility and spread alarm by making dire predictions.
Mass psychology with a good dose of money pumping has made the markets seem much brighter, but I would counsel extreme caution all this unpredictable market behavior is going to end very badly for the public. Lately it seems that a lot more people who don’t like to talk about a market crash are at least seeing it now. DT