Conventional and precious metals markets could all continue moving down
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Yes freefall and an avalanche of rock comin tumblin down.
Answer: Put on your tinfoil hat. Always wear protection.
No freefall for stock market.
That means my summer stock melt thesis will have only a four day window to play out between the 18th and the 22nd……we shall see.
And if your wrong …is it demerit time ?
So far boys and girls we have green shoots
Poppin up.
You ahead ..bet against me, my constituents
and Rick Rule.
I’ll BE YOUR HUCKBERRY !!!!!
go ahead….say when. !!!!
Thats…HUCKLEBERRY…
Doesn’t matter any how. ……the draw is all the same.
I have been wrong before HH. I just had a theory about a stock melt before summer was out and have been monitoring for a pulse but so far it has not arisen. Odds improve though if the market is hitting a peak now. It ain’t over until September 22nd! Then you can call me an idiot.
I respect that bird.
Hey, no one’s an idiot until your wrong. ..lol
Keep me updated though. I am not a stock bull.
My colleagues are shorting. I see it out of fuel.
Anyway, maybe I will see ya tonight sippin on a Chocooooo.laaaaaaa.teeeeeeeee
If you get this right we can still hand out the metal and guru status.
Remember, the old saying…think it applies here.
You never turn down money or women….ha..haaaaaaaa
HH…..I bet you liked Doc Holliday in TOMBSTONE, greatest western ever……
Ya ..Jerry don’t get me started.
We could post all day.
Now back to…Josie Wales…lol
I love the westerns too Jerry because
all the beautiful scenery. You just don’t
get that in movies.. rarely.
Hope your doing well BTW and your days are good.
:◆}
ditto……..on the scenery…….a lot of great westerns……
btw…hope you are doing well ….too………….
Boy! That MAD guy was right on with his 1224 call.
Oh SH*T !!! Doc is right….gold and stocks are going to go down together! Just looked in on markets and oh-oh….there is trouble this morning. Looks like I am going to get my summer melt after all.
XAU is up on the day!
Didn’t surprise me in the least.
But then again we got those that
play guru and use their snake oil
to predict outcomes.
They were all wrong in 12/2013
and again in 6/2014 .
Thats the smart record here.
The US dollar index is reaching strong and critical resistance levels.
Soon the 2013 high (84.75) may be reached, and if so, probably breached. The key down-trend line would then be next, and could become a tell for years to come. The time dependent range there is 85.00 to 85.50.
My Kentucky windage target is for 85.33 to hold, at least initially.
FWIW
Is that like a wind sock?
Wait until the FED starts QE 4 and 5 and 6 and 7 and what do you KNOW…the dollar is worthless and the debts will never be paid back…oh, what do you know..;)!
Well, think about the other way. If Japan and EU counters those with QE 4a, 5a, 6a, 7a, dollar may still be worth a lot of yens and euros. As for consumer goods, it is a different matter altogether .
SD……….WELL SAID……………….
I don’t think stock market is coming down significantly. It is the only game in town for Obama. I think FED may have reduced the QE officially but still doing other form of QE such as currency swaps with EU and buy each other’s bond. Otherwise bond market would have told us long ago. How can an entity used to buy over 100% of the new issue has no effect on bond after they set out.
I think both stock and gold market will head up this year. Stock may need a correction. It look ridiculous now without a correction.
Lawrence and ALL:
TRUE..but look how many Americans fall for the ridiculous! American IDOL, dancing with the indiots – um, stars, talk shows out the WAZOO..main-stream BS media….the stock market is just NOW a reflection of the ULTIMATE ILLUSION of American life and the absurdity of it all…the BRICS and their associate countries know what the end game is..and we are so drunk on American ‘pop culture” NOT to notice it!!…Brutal!
I’m an…… AMERICANO
I’m going down with The USSA ship.
I love this country. But I love gold too.
And thats not all I love. wink…wink…
LIFE IS A BEACH….around here. That’s for damn sure.
Not only US. It is around the world. People love nonsense and are too lazy to think. Anyone wonder why we have a mess.
Hey Corey and Doc,
If gold is in trouble and has breach such a critical number of $1242, can you tell me why is McEwen Mining (MUX) up 4+%, Gold Corp (G), and New Gold (NGD) +%2 if? None of these player has any new news out eirther.
GOOD QUESTION………….CONFUSED………
Confused; I believe they’re just consolidating on a short term basis. The technicals still say they should move a little lower. We may even get a short term bounce in some of these and then consolidation as they drift lower. Some of them actually look like they might not move appreciably lower.
XAU and HUI up on the day, even if physical PMs all down.
Yes, confusing
Not really. This is probably the bottom of the gold/silver decline for the moment. 1240 was key. Almost everyone will get that time is of the essence if you want to take profits off of prior short sales. The guys who were short have to buy back shares in hurry so it pushes up share values as buying commences in earnest. So stocks rise even as the underlying commodity falls.
Well said. Well said.
Explained like a champ.
Not chimp lol
Just like to say boys and girls, most of my gold and silver stocks have just posted bullish engulfing candles today. I hold around 15 stocks (mostly juniors), and 90% are nowhere near there lows of the beginning of the year. In fact one of them has just posted a new high for this year. So I personally think, that we are about to turn up in both gold and silver.
Or alternatively Lawrence, there are guys who are front running the next move back up in gold because they also sense this is the bottom of this decline. As gold fell below 1240 and started busting stops they rush in and bid stock prices back up as they attempt to catch the bottom. If all goes well they will sell before gold hits 1280 and cash out a tidy profit on what looks like an easy kill.
So two ways to push up stocks when gold is falling but both relate to this being what many think is the termination of a price downtrend that was getting long in the tooth. Only a real gambler would be going short at this late stage.
Thanks bird, it makes sense. Just don’t know how everyone realizes it is the bottom at the same time. I guess our retail investors know at the last
Again, well said Bird.
Maybe you can help James.
Its not your job, but I resigned.
HH you keep saying people were wrong in dec 2013 and again in June 2014
What on earth are you talking about?
You don’t remember the huge rallies in the miners that started on those dates?
You say you have an indicator that is flashing bright green.
Maybe you should get the batteries checked
Again James for the hundredth time.
I’m losing count.
Gold equities have handsomely appreciated
against the percentage gains in gold.
If gold was in trouble those gains would have
evaporated.
As of today those gains have even turned more
positive.
If you don’t want to believe it, then you are just
being arrogant ignoring the facts.
ITS HOPELESS. Go do some research on the
relationship on historical basis where gold
equities leads gold.
Also, you people are confused. About what.
Did you all go fishing. lol
If you want to ignore valuable information and
discredit it, I refuse to post it anymore.
To be honest I’m getting ready to lose this place.
Its very frustrating and plan on bouncing for good.
Your making it very difficult James. Its wears on a person.
Your receiving information you won’t find anywhere.
Either be an adult and accept it or believe in gold bear lies.
Seems thats what you want to do. Sorry
Also James I running Duracells the copper top batteries.
They never fail. The bright green light is so strong it
could light up a parking lot.
ALL SYSTEMS ARE GO>>>>>GO>>>>>GO
Green shoots must pop up everywhere.
HH – First off you are talking about someting that is very obvious and known by everyone, that being that gold stocks always out perform gold on the way up and do worse than gold on the way down. this is common knoweldge. This is not valuable information.
Now as far as stocks go – practically the whole sector is washed out
GDXJ is rolling over
GDX is rolling over
GDXJ OR GDX is not rolling over.
Not everyone understands the relationship
gold equities vs gold.
You said you do. Well Mr. James you don’t.
The gold equites have handsomely appreciated
since the bottom in June. Gold is now at 1240
and in June the bottom was 1240.
GDXJ AND GDX are about 13 percent ..guessing
here above the June lows. Go run the numbers
for yourself.
STOP LOOKING AT THE BOTTOM OF A….
HORSES ARSE. You complain far too much
and fail to do anything/research on your own.
I don’t want to hear anymore about it.
Go read Birds post on the matter.
I maintain we are in a soft gold bull.
With great gains ahead. Now go do your business.
HH – you are talking as if you are getting ready to sell something.
your indicator and your valuable information.
I repeat you havent given one iota of valuable information
I tell you one thing right now mister.
Not posting anymore of my information.
Go back to the horse races. Go pick up some
road apples ….your a miserable guy.
I don’t want to communicate with you.
Your attitude is negative and bad.
I’m done.
HH we are not in a soft gold bull as you claim
We are in a hard gold bear market.
Gold is going down more, the stocks will follow.
Why can’t you see the forest for the trees?
James….now your really brainwashed.
Sorry bud, I’m not going to keep you company
in zombie land.
Go find your way home and get professional advise
that will fall very short of what I’m telling you.
ITS ABSOLUTELY HOPELESS WITH YOU
I’M TERRIBLY SORRY !!!!!
We might even get to $1180 by tomorrow morning.
It is a waterfall now…
Your right James.
I can’t believe I’m agreeing with you.
What a genuis.
Let’s plan a celebration.
1180 JAMES GOLD CELEBRTION.
We can have a donkey love fest too
I rode a Donkey last month. Holy crap was that ever hard on my back. I don’t know how the Mexican gold miners could handle it back in the day. What a miserable ride!
Ah…Bird….big difference.
Someone stiffed you a jackarse and a donkey don’t ride the same.
They look the same but the ride is incredibly different.
When that happens its called….YOU GOT JACKED !!!!!!
HH there’s no resistance between &1240 and $1180
It’s a slam dunk.
Pop the cork, and celebrate.
The quicker we get to $1180, $1000 and maybe $700 the quicker we can begin the. Long long process of recovery
Where is your proof James.
Its all talk. I’m understanding your concern.
For now though my proof holds water.
Your isn’t holding but hot air.
Its the fear and you listen to the media.
Close your eyes..find a soft pillow and get rest.
ITS GOING TO BE OK…OK… :◆}
BTW…if we get to 1180 and the gold equites lose all their
gains.
I WILL BE OUT… the whole sector is in big trouble.
problem solved….we are not there yet.
I think the whole silver sector already in trouble at this price. All producers lose money. If people are eager to put money into this bleeding companies like high tech, these guys can go along for a long time but nobody wants to now. It is extremely difficult to get meaningful private placement or debt. It is very similar to year 2000 where only a few primary silver mines were there and most are produced by by-product. But demand was a lot lower and base metals made money and there was governments dumping their inventory. Lets see whether these miners can continue like this.
There is no fear here.
There is no emotion here.
I lived all my life learning how to net without fear and without emotion.
I know you want gold to go up and I know you want to stay positive.
That’s a good thing. Confidence breeds success.
I have two mottos I tell my young daughter all the time
Timing is everything and nothing succeeds like success.
I believe those to be true.
You want to stay positive and you are getting hit with what you think is negativity on this board. But really it is just another perspective that does not line up with yours.
Don’t press.
I will say it again – gold is going to do what gold is going to do.
We have crossed over the realm of investing into pure gambling at this point.
This is what has become of this market.
I watch it, and I let it play out. I don’t expect anything from it.
HH one thing that has not been spoken of lately on this board is EXACTLY WHAT IS AN OUNCE OF GOLD WORTH?
I struggle with that answer.
Many people will use the amount of money in circulation, but I think this is a fallacy
The question is what does it take to get an ounce of gold out of the ground.
Some estimates say $1200, so that is where we are.
Right now gold could be fair value, I don’t know.
$1900 was a bubble.
$1000 might be an overshoot.
I don’t know
Hang in there
I’m in the market James because I believe in
my experience and my skills being rigorously
tested for decades with success.
I HAVE COMPLETE CONFIDENCE !!!!!
No guarantees but I’m highly trained in the
way markets function.
I have given on this board valuable information.
I can’t convey all my investing secrets but my
information I have provided here is second to
none.
May God lead you and guide you in the right direction.
Enjoy the rest of your evening. Not much left..lol
Heavy, this might be the end game scenario. I was listening to a couple of analysts a few years ago, I think it was John Embry who warned about end game. I just did not realize that it came so early. It may involve Force majeure of paper market and using central bank gold to rescue silver shorts.
Lawrence, I couldn’t agree more.
If this is the end game I don’t believe
precious metals will get hit this time
around.
Could be a quick down and up. A final flush.
So in that case its going to be impossible
to time.
No one will successfully time it. So best to be
in now. Well, if one isn’t they won’t get in.
Bust out the bad news. A flush and a big pop.
In the 08 crash gold equities and gold a where
not selling at the lows like now.
What I’m doing is what I believe in. END GAME
OR NO END GAME. I do have lots of courage.
So I’m not the cry baby type. Gold in my opinion
is in a soft bull market.
A fool and his money are easily parted, remember when Roosevelt confiscated the American citizens gold in 1932 and paid $20 an ounce. Once that had been done they raised the price to $35. Now The US has almost no gold, a huge debt, an economy on the skids and a stock market off the rails, investors better be aware that this could be a set up for those who hold physical.
DT,
There you go again making sense in a world that has lost all sense long ago. DT, forget about the confiscation angle, that ain’t happening in today’s world. They will tax the bullion to near worthlessness and make coin shops virtually illegal or impossible for owner/operators to comply with the FED/GOV/IRS red tape and Nazi harassment.
I’ve stated numerous times that the gov and their bureaucratic control and taxing agencies are not going to let gold and silver hoarders/lovers profit the way they think their going to.
Unfortunately, the over powering strength that the cult sphere places on the PM camp is formidable. It leaves life long scares and mental anguish that are very deep seated and can turn friends into enemies in the snap of a finger. Just look at the social construct you see here every day, there is not an ounce of give or take. Its a fight to the death.
It leaves most that are effected with few defense mechanisms, thus they rationalize away realistic draconian misadventures by their rulers. Most hard core folks live in a mental prison of sorts, unable to convince the mind that there are hundreds of other relevant and appropriate possibilities to consider.
Its just one of those tragic things that will have to happen and hit Mr. and Mrs. Bug right between the eyes.
I find no joy in saying these things because it will effect me as well. I’m a non-cult bug by nature that have come to grips with reality, but also fully understand the value of holding some physical for insurance.
But I choose at the risk of losing friends over this issue to remain realistic about my physical holdings and I will try my best to make my moves in a sensible fashion going forward and attempt to front run the draconian taxing legislation that will, at some point be passed into law.
Its as sure as the sun rises and sets everyday.
I decided to cancel all the other orders and concentrate on silver trust. It is too tempting. Silver has lost all the gains after QE and some. Money supply has grown by 5 times. Go figure. There is no free lunch.
We now have a gold market over the weeks ahead
with all the wheels greased..lubed for a huge rally.
Rick Rule is still very positive just about 5 days ago.
If Rick Rule is not on board odds are very less favorable.
The check list on indicators is predicting huge rally.
I think 1450 by start of holidays.
Gold equites will scream. IMVHO…
So the entire gold market rally depends on rick rule
This is such bs it’s getting absurd
And these charts do not show anything finding support
Rule, Sprott & most others were still sprouting higher prices at golds top too.
I’ve never picked a top (got out last time at $1750)…so missed the last gains….but anyhoo.
Started buying in again physical & miners at $1350….so I’m underwater.
I want gold going up.
But sub $1000 now looks a possibility.
I worry if I’ll lose more miners if so (lost one already Cobar Consolidated)
Still buying physical gold & silver each week (I’m must be a sucker for punishment )
Wont buy any more mining stocks though at present….not yet.
Skeeta, based on your words, I don’t think you listen to Eric Sprott and Rick Rule often enough. These guys are both fundamental investors. However, Sprott is more a financial person so he bases his decision on the financial situation and Rick Rule is a resource investor so he bases his decision on both big picture and fundamentals on the miners themselves. World financial situation has been terrible and this warrants higher gold price, so Eric recommended to hold on to gold, silver and miners when the price was high. I remember he considered gold/silver fair valued but money printing will push them higher in the future. However, Rick Rule felt miners especially junior were way overpriced when gold was high. He famously said that if you put all juniors together as one big company, this company loses 9 billion dollars. How do you price this thing? 10 times of the loss? 20 times the loss? So he did not recommend the miners at all at the high. I was surprised since this recommendation is against his own self interest as a money manager. So I developed great respect for this guy. He also recommend to take profit in gold/silver in general, saying if you don’t know to take profit when gold has been up 12 years in a row, you deserve to lose. Rick Rule recommended to buy gold and miners at much lower prices.
He first recommended to do private placement so it did not help me.
Anyway, I think both of them will be proven right but I think Rick Rule gets a more fine tuned timing. They are both self made billionaires so their opinion is worth more than others. I don’t think either of them will turn bearish on gold at this moment. It is against their characters. This is the time they make money. Otherwise they will not come this far.
Well said Lawrence. Both men are honest, but Rick got the timing better in 2011. He’s a real contrarian with a lot of experience.
Not based on Rick Rule at all.
You just can’t pull together.
Even with evidence and proof
Correction. Was not Rick.
That was Eric.
Just more horse manure.
When I listen to the arguments here I can say that most people have sound reasoning ie: Vortex and others, but what a lot of people don’t realize is that The US isn’t dominate anymore. China will move to back the yuan and The US will need to follow by buying physical gold. China has a history that predates western civilization by thousands of years and gold has always been the only real form of money for them and maybe we should include India the other rising superpower in this equation. America is in deep decline and will not be dictating the future as it had the past. China’s economy has collapsed many times over the centuries followed by serious destructive inflationary and deflationary pressures, they know that gold is what makes the difference. Now that The Chinese have hollowed out American industry they will not need to peg their yuan to the dollar and they will drop their fiat currency for one that is backed by gold.
China is highly reliant on export markets to keep the game going over there. Do not forget the majority of people are still quite poor which is why we still call it a developing country. Rural incomes are a dollar a day or even less and there are a few hundred million living extremely impoverished lives. Three or even four trillion is not all that much saved in the bank under such conditions.
America has a huge underclass being fed and sheltered by their government, The Chinese may not be driving around in cars they do not own but there is a thriving middle class that because of the size of their country is now bigger then it’s counter part in The US. The Chinese are savers, their country is the biggest producer of gold in the world and the gold they produce stays at home. Foreign gold is entering Hong Kong and mainland China and being stored. China is not a debtor nation. The US is still engaged in foreign wars and their treasury was depleted a long time ago. The Chinese might be poor in many peoples eyes but Western citizens are bankrupt and dependent on money printing to support their lifestyles all the while buying Chinese consumer goods.
Well there is a lot of truth to that at the consumer level, DT. Our debt based system is posing risks for a considerable number of people. It has always struck me as preposterous that almost 2/3 of the population cannot pull together a couple thousand dollars in savings in a pinch.
How stupid are people anyway?
They are therefore entirely reliant on a state that is itself effectively bankrupt. The great risk of course is that so many have hitched their star to a physical home as a savings scheme without understanding the long term implications of serious booms and busts in asset values. We are again nearing a point when we will see values reconcile with reality again but this next time it will almost certainly be global.
But these days the risks are so much higher than just housing. Even savers are up to their necks in bonds at the end of the credit cycle, investors are levered way out on limb with stocks and derivatives and lowly savers keep their money in zero rate accounts in banks that could easily become unstable again. Can it really get any worse from a risk perspective?
As you mention, the Chinese are good savers. I see it in Africa too as there are not state supports here. You cannot in other words expect anybody to bail you out if you fall through the cracks, get sick or become unemployed. So despite high inflation rates savings are still highly valued. They are utterly essential in fact and most people I know here have more liquid assets than the majority of people back in the States.
It is a crazy world when the poor are rich and the supposed rich are just debtors!
In Canada where I live, I haven’t run into a big saver who is immigrant from Africa. However, every Chinese immigrant I run into is big saver. I guess there is difference between you want to save and you have to save.
Bird,
I am sorry to say that your are very wrong on this. Please don’t argue with me since you truly don’t know about what you are talking about here. I see it from my own eyes instead through the western media. Western media is very biased and self-comforting on this. They do typical trick of telling you a truth and leading you to wrong conclusion. If you pick on something in such as large country, you can draw any conclusion the author wants you to.
If you go to any shop in China, you will be suppressed how much people spend. As a foreigner, my buying habit is nowhere close to my sister who buys anything she likes. My sons like to go out with their auntie since she will buy anything for them and take them anywhere they want. The income has been up about 50-100 times in the last 30 years. All the westerners who went to China were shocked by how much money people have, just looking from crowd of shoppers. Even in other countries, Chinese shoppers become more and more famous for their amount of spending. In my European trip, I see almost all the shoppers at the high end stores are Asians (I cannot tell where they are from but around 50% are Chinese). So the spending is less and less a problem in China. People do save but they have also realized that saving makes them losing money due to inflation, so they are trying everything they can to preserve the value including buying houses and gold. However, as some clear minded economists put it, it is not the spending which gets the economy going, it is the production. Keynesians have put the cart before the horse.
There are a lot of poor rural areas in China but they usually live on their own products so it is not that intolerable. Most of them should be way above dollar a day though. However, when they wake up, they have great desire to get rich. You never see people in any other country so eager to make money. There are countless stories that a poor guy or a poor village becomes rich by doing something, good or bad. You can see poor migrant areas in large cities where people come with a single purpose to make money, unlike other third world countries. None of them just want to sit there to survive. Their home is better suit for that. These people will be the future middle class or even high class like their predecessors have done. This is exactly the reason why I say China crash story will not materialize for a long time. There are too many people who have room and the desire to get rich. Even as a third world country, some key indicators like life expectancy, medical, infrastructure, manufacturing and education, etc. are comparable or better than the developed countries. These factors make China ready to move along. I visited Italy recently. I feel that the poor people in Italy are struggling and the cities outside the common tourist areas are worse than most Chinese towns.
I suggest you to spend some time in China.
I am not wrong. Chinese average annual wages were just a little over 8400 dollars for the last reporting season. Data was provided by Chinese firm Mohrss are tabulated by Trading Economics. A report on more typical incomes came from Peking University though and was written up on the Wall Street Journal. Check the link below. Poverty meanwhile is epidemic in rural areas and it has become well known that poor Chinese households are now even below those in many African countries as income inequality has widened over the years. Disposable median income in rural China was a measly 900 dollars per person in 2010 and even for the year 2013 it is estimated as much as 55% of the population is still rural. Please note that media incomes mean half the people earn less than that amount and half earn more so the statistic is dismal. You need to learn more about your country from the data and less from watching wealthy people in shopping malls.
Survey in China Shows a Wide Gap in Income — WSJ
http://www.nytimes.com/2013/07/20/world/asia/survey-in-china-shows-wide-income-gap.html?_r=0
No, you are still not seeing the picture. Without living there you may never understand it , in particular with your prejudice.
Chinese makes RMB not dollar. The price level is quite different among regions so people don’t have to buy at city price. They can make everything themselves instead of buying everything. This includes food and other daily stuff. I grew up in rural areas. I remember we did not need any money since we exchange what we grew with the merchants. At that time the income was 0.2 yuan a day. Now people there are fairly well off there. It is why statistics mean nothing since you compare apple with oranges. They don’t have the expense you consider mandatory here.
I am not saying that China is rich, far from it. There are a lot of poor areas but the key is they are getting better fast. To say China depends on export for everything is a myth. This is what western countries want to think and why they have been wrong again, again and again and surprised by China’s development repeatedly. I remember when China joined the WTO, companies in the west was talking about a market they can occupy and crash Chinese industry. Now people are talking about not get over run by China. One key deciding factor is that people strive to get rich and most of the country side has the great potential. The country has made huge progress in 30 years and continues to do so. The prosperity spreads from cities to rural areas and the momentum is not stopping. At same time, there is not a huge under class which depends on government for everything. Look to the future the country has much better sustainability than other countries.
I go to different places and I can see the real picture and the progress made in the last 30 years. I am truly shocked every time I went back.
It is those shameless western economists who keep talking about something they know nothing about. I never see some many arrogant people like them. Why can’t they be humble.
There is a wide gap between cities and poorer rural areas( some rural areas are richer than cities though). There is also gap between rich and poor. People are upset with this and trying to change it through peaceful and violent means. Even government is trying to solve the problem since it is a potential for riots. People don’t like inequality there. So they blame the government. It is better than people accepting the situation like some other places.
Thanks for sharing that, Lawrence. I have never agreed with the China bears even though some of them hold views I agree with on gold. China has far less household and government debt than the U.S. AND the people actually produce more than they consume.
It is absolutely ridiculous how many Americans believe that they have a special ability to spend other people’s money in order to consume what they can’t afford. On second thought, anyone who is willing to mortgage their future to consume as much as possible today, probably should be considered “special.”
Well except for the fact that Lawrence read a whole lot more into my comments than I actually wrote or even implied so it is a bit much to keep accusing me of being wrong and then talking about a whole lot of topics that were not even being discussed. Maybe it is just a language barrier. Chinese defensiveness is oppressive lately.
My comment was based only on what Lawrence posted and was not meant as a criticism or judgement of your comment.
Thank you for your understanding. However, I believe my post is targeting what you said, first one targeting your first post and second targeting your second. Also it is in the context of our discussion about China’s influence for the future gold market. More prosperous china gets, more influence it has on gold market since people are big savers and want to put money somewhere safe. I don’t buy gold safe haven theory. I have spent more time than I should so I will not put anything here today. If I have deviated from topic, my sincere apology here.
I agree with DT
Dollars are not even good temporary holdings never mind storing
wealth.
Its been.a hundred years approx. when gold standard was removed.
US war machine ever takes a hit on credibility because its a game of
confidence with dollars you won’t have time to sell your dollars quick
enough.
THE END GAME IS NEAR.
Dick Tracey, That makes sense unfortunately Goldman Saks and all other major banks around the world aren’t aligned with your thought process.
Who knows maybe China will peg the yuan to Theralase.
As predicted yesterday Best Buy has broken out and I am up over 2% already. It is above 33 and headed to 37 to 41 area. A 3rd good day for my stocks.
If I was you Paul I would be drivin that Porsche today and
enjoy yourself instead of in here.
whatever you do have fun.
I’ll be on the beach again today.
You lucky guy. I am in the Mississauga (Toronto suburb) and love the beach. So relaxing near water. Too far to travel as I work at my business 6 days a week and can’t take vacations even once a year.. My account is up well for the 3rd day despite the negative market. RIG is dirt cheap now. Have a loss on that.
Now I know why you have 2 porsches.
No beach. Anyway, your doing good man.
Good to hear it. Very negative on here.
Keep postin. :◆}
Oh so the doc finally realizes his predictions are a big waste of time as gold continues down…and the gold bugs keep saying it`s just a correction..it`s manipulated…BLAH BLAH BLAH going on year number 4….Really… just close up shop and stop searching for subscriptions to your Bullshit websites…HEY WHERE`S ROGER THESE DAYS…finally realized he knows F*&?% all as well..as he pumped up investors to buy gold silver and stocks
Freefall? OK, that perked up my ears Doc. Gary always says not before a Fed meeting though and he has frequently been correct. So not until after the FOMC meeting on the 16th and 17th of this month (next Tuesday and Wednesday).