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Listen to Roubini's opinions on the economy.
Don't listen to him on the market.
Stick to what you know.
Before the crash of September 2008, he was extremely good predicting the crash, he defined 12 steps to financial meltdown.
But later on something happened, he softened his voice, like someone from the government/FBI told him, if he doesn't support the economic outlook of this government and give bullish comments on economy and support the dollar we will kill you ?
I guess he is scared somehow and his tone is changed ...
I never read him anymore... i know that he will say something stupid like Gold will crash... i am not surprised..
For me he is possessed by the Goblin in Chief and his squid team .
Exactly!! He is playing the part of a schill spouting this off..
Anybody see Johnny Bravo other than on the side of a milk carton?
Let it go...
He's been bought. Spot on...
Roubini was 'corrected' by the appropriate people a couple years ago.
Here is my take:
Gold will temporarily go down so that the "ruling class" can reload:
Tomorrow is the smack down.
Buy farm land as you don't want to be in the city when ugly turns to rage...
Already done in 08. Peruvian Andes next to fresh water spring.
+ 1,000,000 Oracle!
As long as you get along well with your neighbors...
We have a business in Lima, no farmland though. Gets bad here it would be bad in Peru too. But, if we chose to go, we have lots of (her) family and we could live like Kings down there.
That's not very reasonable. Since there wasn't enough gold released on market from Japan. I'd look for gold to get close to 1280 tomorrow morning. Then without enough gold to work the transfers. I'd watch platinum and silver. When silver busts 21 and platinum busts 1720 the pressure on gold will become too intense and it should start jumping up big time. It just has to take out the support of it's cousins. Which platiunum can't take much pressure off because it's not 100 to 1 leveraged. If it spikes up to 2150 in october it's game over. It went from 1500 to 2250 in a matter of DAYS on last liquidity crunch.
Roubini's advice doesn't match his own chart. Looking at his chart you should buy gold in August and sell in December, not September. Why is he giving advice that his own charts disagree with?
Speaking of opinions, J Bravo, said he would not come back if Gold broke out....
I hate to say it, but i miss the guy....
Count your blessings and move on. He's not missed by many.
Just got an email from an unknown company selling gold, silver, etc. Bad omen here from a contrarian standpoint - in terms of short-term movements at least.
Wait for the time mag cover. Note the June 13, 2005 cover:
It will get worse.
Soon, everyone you know will be into gold stocks.
It will be like the internet stocks in the 1990s.
People will climb over each other pushing valuations higher and higher...
That is when you sell your PMs. This bubble is just starting to inflate.
That was 1978's bubble fool. Been there done that. Ya might see if Bunky Hunt has some internet stocks fer sale.
Gold is no yahoo im afraid, and when folks think it may be done, it will kick into yet another gear..Getting out of pm's at or near the top will be a feat like no other to try and time...
I don't think soon. I think part of the professional investor class will load up. Ma and Pa Investor know that something is way wrong, that big trouble is coming, but they will take more time to figure out what they want to do about it. This is ground floor time, when people are put off by negative comments like Roubini's while those who get it get in fairly early. This is a much longer ride than the dot.com bubble. That was yuppie fever. We are in a different ball game now.
...funny, that term : " we are in a different ball game now ". Heard it over and over from two formerly wealthy friends a decade ago who were deep into the dotcom scam.
Gold phys has been a part of my portfolio for over two decades. It is in my top 5 best investment categories for that period. Do I wish I owned more ?? YES. Is it in a bubble now ?? YES. Have I sold some recently ?? YES ( book profit and buy back cheaper later ). This is all that Rouibini is saying.
If it walks and quacks like a deflation-contrary bubble, then it's a ......... or it's a fear hedge that needs to work despite a firestorm of international manipulation to bring it down . The first rule in investing is " don't be greedy ". The second is " don't underestimate the enemy ". And you need to be real damn sure you're right when you come in big at what looks like a top .
Here Ive seen people going door to door buying gold and silver, from destitute retirees inside these homes I assume.
Trying to get every last scrap from the ignorant.
One cannot trust contrarian indicators anymore.
How many of these indicators told us not to buy in March 2009? These indicators assume a normalcy to the market that from my view point no longer exists. TI believe these indicators represent structural changes and not buy or sell signals. That is a very different message.
The only way to be contrarian is to not listen to anyone but yourself.
I imagine this would be bullish for gold, no?
It is a potential headache for buyers of gold. In the name of protecting the stupid we will get a more tightly regulated gold market.
Weiner and Waxman? Tell me it's a gay band.
Weiner and Waxman -- great band. Barney blows the sax.
^---- LOL, guys! I needed the laughs, thanks!
Instead of regulating the private gold companies, why doesn't Congress regulate the private Federal Reserve, and tell them to STOP monetizing the debt! No one would even buy gold if the FED wasn't printing money like mad, and forcing bond yeilds to negative real interest rates.
Oh, yeah, that's right. CONgress wants Bennie to monetize the debt....
"CONgress wants Bennie to monetize the debt...."
and there lies the irony of the audit the fed/ return to article 1 section 8 of the constitution argument.
They are treating the symptoms, not the disease. Nothing unusual there for either Congress or the Fed.
Weiner and Waxman trying to fuck the gold bugs, maybe they will bring up something important during the hearing like maybe HR 4248 but I doubt it...
Long term: buy gold. Take delivery. Don't sell. Live on something else.
Short term: play the lottery.
The price of gold would be a lot lower if it was concentrated in big vaults.
But now a lot of gold is distributed in comon people's vaults and are nearly untraceable.
They don't sell it that easy, makeing demand higher then the supply. And as we continue in time the remaining gold gets more scattered causing...
a much higher price.
Agreed. Gold in big vaults allow the owners to sell paper certificates agains the vault contents and/or lease it out. This results in fractional reserve gold banking....
It "is" concentraded in big vaults, "Knox", known and otherwise....
There you go again! lol! You make me laugh with your sarcastic statements about gold being in Fort Knox and/or the Fed reserve of new york...
Yeah but I said "is" and "Knox". Clear enough???
When it comes to bullion, Roubini knows shit, but he does has alot of company.
He certainly do, Stu.
Shhhhh, don't argue with the good doctor or anyone else with this view.
Allow them to continue to spread this message far and wide, to any and everyone that will listen.
In the mean time: I'll continue to accumulate.
He's not even that bearish, his downside is 10% and at the same time he thinks we have a 40% chance of a double dip.
He is being quite contradictory. If we have this MSM double dip, will the price of gold fall? - I think not.
If there is this fictitious double dip, by what percent does he feel equities will fall?
Agreed. Let all the mistaken money managers sell their gold, I'll be the one buying. Just give me one good dip to buy on, please.
Where is the intervention? I was hoping for a $20 drop to cover my shipping costs.
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