What’s driving this gold market
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That is too funny, rearview mirror is always 100% correct
Diss HELPe https://www.youtube.com/watch?v=K7deL1eym9A
Spot on franky! The Bundy Ranch saga could be THE BLACK SWAN. China is unable to take Bundy’s land so it sells $1.2 trillion of U.S. debt instead.
http://usawatchdog.com/blm-selling-out-america-fabian-calvo/
Bundy contd….Nevada police told to go back to China.
http://intellihub.com/bundy-ranch-standoff-video-media-doesent-want-see/
yes MAN !!!!!!!!!
Total non event. It is a distraction Andrew. Pay it no heed.
Aaaaaagh! Homer Simpson slap to the forehead.
BIRDMAN DOW YOU NOW FARMERS ?
I was a farmer, Franky. Cattle ranching in my past and in the blood. I get the mindset of the guys who want to graze lands that are not theirs. It is called saving a buck and pocketing profits at somebody else’s expense. Sorry but I side with the government here. He is basically a trespasser and flouting environmental law while not paying the fees demanded. Lots of a$$holes in the country who think they are above the law. If they let him do it long enough he will acquire legal rights. That’s why they are stepping on it.
“Aaaaaagh! Homer Simpson slap to the forehead”.
————-
Say the city slicker who don’t know a mare from a coyote.
I now BIRDMAN ! Pay and liaisons and fees and rules ! Always lesser freedom and Bike bankers buy ALL EUROPE SAME GAME I Have same land and now farmers . Government and Bike Corp BUY ALL ! NO MORE FREEDOM !
Andrew de berry rev ! Bird talk a’s a farmer so ; You have A point Summating up MAN !
Are you guys going to “eat the crow” when Gary proves to be correct, yet again?
Or should we expect continued critisisms?
Free country (sorta) either way.
Finally some rational thinking in the tunnel ! BUY BUY BUY GOOD INTERVIEW OLD MAN REUL !!!!!!!!
Al people buy the paper gold and silver ..gld, slv and producer indices (gdx, gdxj) for short term trading but buy the physical for long term holding; there is no contradiction as far as I’m concerned…who doesn’t like capital gains?
Nasdaq goes negative late,then someone steps in to turn it positive.
The show goes on
I agree. Looking at the S&P and Dow, too, in the last hour of trading. It looks so artificial to me. Free markets don’t reverse sharply on a dime, do they. I don’t get it.
I was just looking at it too, James. The Nasdaq almost looks like it is forming a bottom which means if stocks head up sharply tomorrow it will make me the Monkeys Uncle for stock predictions this week.
On the other hand gold will probably get squashed. So all is not lost.
This market is anything but free.
It is as manipulated as could be.
I AGREE 100 % 100000000000000 % OK i hope you all now NOW !
That is why it easier to swim with current in the general market then against it in the pm’s. The fed has to ensure the gold price stays under control versus the dollar.
I, for one am not buying gold. I have sold some recently and will not buy any more.
You mean never, Dave? That makes no sense. The upside is still ahead of us.
Nahh, Bird. I have too much already, for my level of income. If I had massive positive cashflow, then it might be different. In fact, if I had positive cashflow, I would probably be buying something else, maybe some mining stocks or tangibles in other areas to get my portfolio more sensibly balanced.
BUY SAME ! ? SILVERBUG https://www.youtube.com/watch?v=E9UXictk5Lg
Gold went up 7 fold in the 2000-2011 period. Anyone who bought into gold after 2007 missed the boat already, Cory. I do not see the 7 fold performance of gold being repeated any time in my lifetime or at any time in the next decade or more. Seven times is a big increase in purchasing power for a non-income paying asset, especially in a relatively low inflation environment in the 2000s, shadowstats.com’s figures notwithstanding.
We have had nowhere like the inflation of 1970s, so a 1970s style move in gold is not in the cards. That means that the best gains are already in and it is time not to be anywhere near all-in on gold, in my personal opinion.
NR 1 You need money don’t buy ! NR 2 you have money buy money you no need ! NR 3 INJOIY YOUR LIVE !
That is really interesting Dave because I tend to think the biggest moves are still ahead. Perhaps not until 2015 though. You know, the other day I was talking about the Dow/Gold ratio. Keep in mind we have not quite bottomed on that scale yet but we are certainly headed there. Stocks will decline and gold will rise as the shift to hard assets gather strength.
Couldn’t agree more on that point, Bird.
And that is why we are all here, Richard. To be on that ship once she sets sail again. I am getting more optimistic over time as we are closing in on a reversal in equities and rotation into hard assets. The great mystery is just how it will play out.
I used to hold out the hope of Dow:Gold 1:1. Maybe it can still happen. The gold market seems to have a much slower pace then the 197s. That’s why I wonder if the current decline, if it is a mid-cycle decline will go on longer than 2 years f the 1974-76 decline.
However, I looked at the stockcharts gallery view trio today and I was surprised to see an almost perfect point and figure chart test of the breakout from the 18 month downtrend red line at the start of April where the ‘4’ is on the $1280 box.
Gold has been on the slide down….
I wonder Doc if this has anything to do with the World Gold Councils report put out today ? The report suggests a year of consolidation in 2014 for gold sales in China, followed by sustained in the coming years after that ?
The full report can be read here…
Cheers.
Good you’re making the interview with Gary Savage aka Toby Connor after the market close. He’s the perfect in hindsight trader.