This page has been archived and commenting is disabled.
Gold Takes Out 200DMA...The Other Way
"Gold again proves it is not the safe haven many had hoped for, breaking the 200-day moving average, the first time since 2009 and signaling that prices may drop to US$1400/ounce." So begins a post by a "market strategist" from Roubini Global Economics as of less than a week ago. Well, since as the chart below shows gold just took out the 200-DMA, this time in the opposite direction upside, having proven the recent drop was nothing but a buying opportunity as was suggested by the non-Ph.D. community, we assume that using the author's logic, gold has proven that it is in fact a safe haven, and that since it is not going to $1400 it can only go to infinity.... Or is that us taking liberties with our lack of an economics Ph.D. a little too far?
Gold just took out the 200DMA (green dotted line).
Chart: Bloomberg
»
- 21813 reads
- Printer-friendly version
- Send to friend
- advertisements -
Jeez, I don't advocate violence... But somebody bitch slap this guy... (Deep, not fonzanoon)...
Here... need help?
"The Bond market sees this, what the BOND market is stupid, i dont think so..."
Umm... The fucking BOND MARKET are central banks buying up any & all govt paper... So YES, I think they're not only stupid, but criminal...
sell me all of your PMs
Prices are falling on the things that people can't buy. Yay!
To explain: The inflation numbers are skewed heavily by the items that people can't easily get in and out of today. (Read: Housing)
Who cares if homes are 20% cheaper than they were a year ago if you can't get out of your current underwater home? People are stuck, thus the inflation numbers are incorrectly weighting housing.
You really think we are all going to hunker down and chip in and pay off that 15 trillion? We will all hold hands, the rich and the poor and equally feel some pain to make sure we pay off our national debt? The unustainable pension systems will just voluntarily take some haircuts? You think Bush Jr. started printing 10 years ago only to get to this exact point to decide they screwed up?
YA. I do. Thus the 10-15 years of pain. I dont know why everyone here wants the whole system to crash, you guys will be the first to shit your pants. YA it aint perfect, but what we have built over the last few hundred years is amazing. We have over 50 trillion in wealth in the USA alone, and yes taxes on the rich will have to rise, we have to get some guy in their with balls to tax the rich, have consumption tax, tax corporations more for a limited time till over half of debt is payed off, freeze all gov. salaeires, ect ect, i could go on and on, we could pay down half of debt in 1 year if every billionaire gave 25% off wealth, or some guy with balls just taxed the super rich an extra 20% one time hit.
Dont give up my friend, you think all these people want to see society collapse, you may want to, but most dont. As i said, 10-15 years of pain, deleveraging, but we will get thru this.
Man... give me some of what he's smoking.
Me too..getting my bong out of the attic...must be really good sheeet...
He must've got ahold of some Hopium right out of O'boingo's stash.
Dude as someone who saved money for my downpayment on my house, pays my mortgage, pays my taxes, saves for my kids education etc. etc etc.....if other people made bad choices (banks, homeowner's...whoever) or got in over their heads the system needed to have them start over the hard way. Not bail them out and stick me with the bill.
WE DON'T WANT SOCIETY TO COLLAPSE WE WANT CAPITALISM TO RUN IT'S COURSE.
When you live in a society where everyone gets a bailout and the Gov't picks the winners and losers I say it has collapsed already.
Every time I think of that 9,000 home tax credit bullshit, it burns my butt.
WTF ever...
We have over 50 trillion in wealth in the USA alone
I could even give a rats ass about how you calculated that number... But all I have to say is that IF THERE IS $50 trillion of anything, it's all redeemable in FRN's... In the end, If it would make you happy, I'd be happy to dump them all on your front lawn...
I think I had a stroke and got carpel tunnell at the same time.
@fonzanoon
LOL
Thanks you gotta laugh at it. He or she is pretty confident we can knock that 15 trillion out. I am sure he figures the 75 trillion in unfunded liabilities is just a bump in the road too.
Potemkin Villag... That's exactly what I was thinking.
50 Trillion pieces of paper.
Well ... at least you would be able to make a papier mache house, wallpaper it, and never run out of dunny paper.
:-)
Deep, A little info for you below, enjoy.
Fed Provided $16 Trillion To Foreign Banks, Financial Houses
The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government’s first-ever audit of the central bank.
Last year, the gross domestic product of the entire U.S. economy was $14.5 trillion.
Of the $16.1 trillion loaned out, $3.08 trillion went to financial institutions in the U.K., Germany, Switzerland, France and Belgium, the Government Accountability Office’s (GAO) analysis shows.
Additionally, asset swap arrangements were opened with banks in the U.K., Canada, Brazil, Japan, South Korea, Norway, Mexico, Singapore and Switzerland. Twelve of those arrangements are still ongoing, having been extended through August 2012.
http://www.rawstory.com/rs/2011/07/21/audit-fed-gave-16-trillion-in-emergency-loans/
Last year, the gross domestic product of the entire U.S. economy was $14.5 trillion.
Of the $16.1 trillion loaned out, $3.08 trillion went to financial institutions in the U.K., Germany, Switzerland, France and Belgium, the Government Accountability Office’s (GAO) analysis shows.
the debt can't be paid off...you don't understand the mechanics of creditmoney if you believe this stuff can be paid off.
Japan is your example of what happens when credit saturates...the CB is forced to periodically print to fund the coupon because there is no organic growth in credit.
The national debt is just the tip of a credit iceberg, dude.
check spelling. thanks.
we have built over the last few hundred years is amazing
The only thing "amazing" any more in America is the level of corruption and dishonesty throughout the entire society. Rome, the end of the USSR and now we are seeing the end of the EU-SSR. We are next.
hahahahahahahahahahahahaha Comedy! That has as much chance of happening as me, Blythe Masters and Ann Barnhardt having a 3-way.
No way can someone find their way to ZH, own gold and suddenly turn stupid. It's "Deep" alright. I'm still laughing. 'Pay back the debt.' math, who needs it!
If even ten % of the derivatives hanging over the system are cashed in, that's 70 trillion. Your 50 trillion doesn't even cover a wildly optimistic bailout scenario.
Thanks for responding. My .02...
As fanz pointed out: we're buy and hold and have been for some time. Yeah there might come a time when its okay to exchange your physical back into some currency (partially) but I'm not sure about that.
Do you have any proof of manipulation? Fuck me sideways! Didn't you get the MF Global memo? Don't you read the BIS reports? Didn't you listen to Jeffery Christians testamony at the CFTC hearing, haven't you heard of GATA. Are you blind, deaf and dumb or just a raving idiot?
If you were a trader you'd know by now, as I found out years ago, that the shares, as well as futures are manipulated. Jesus fucking wept! Even the brokers have the right to short your shares at 140%.Read the fine print of your savings account. You don't even have savings in a bank because your savings have been used by the bank as their capital for use by their trading desk. After they're finished with you there, they'll rehyopothicate your ass over to London City where they'll naked short your shares until the company folds and they buy it for pennies on the dollar. London, Frankfurt, New York, Chicago, Sydney, Tokyo. You name it, they are shorting the shares, without having to post margin.
You have succombed to the siren song of the fiat banshee. There is no protection from losses when you run with these dogs. Just ask the MF Global clients. No, there's no manipulation in the markets. Loan sharks and their government side-kicks are always working for your benefit.
Hi. I'm from Goldman Sachs. I'm here to help you financially grow.
Sheeeiiiitttt.
Excellent Al. Well said.
I hope your keyboard survived the angst!
ori
a few months ago, jpm sold 250 million ozs of silver, in one minute, in the access market.thats i/3 anual production. It doesn't get any more blatant than that .http://silverdoctors.blogspot.com/2011/04/blast-blythe.html
The behaving of gold is having me to be thinking when there is much confusion about what the things are that are valuable to be having when many peoples are having frights and being not knowing what is happening and are having no thinking about why bad things are happening gold is being just as much scaring to them as having no ideas about why other things are not being worth as much monies the same way. Not very many peoples are the peoples who are making the prices of golds go up or down but when also the peoples like who are having their lives here are being afraid to be buying more golds why is anybody thinking golds won't be falling with all the other things that are crashing?
I don't post much anymore but...lol...
And here I thought M.C. Escher only worked in drawings.
some thoughts:
so you think it's topped out. why? it sure as shit isn't because of fundamentals. did a little birdie tell you? hell, that's probably viable investing advice in today's marketplace!
Inflation adjusted gold made it s high in 1980. So this would not be a "peak" in real terms, just nominal, and fuck nominal when oil is still moving up due to supply constraints, food prices are still increasing, and fiat is being printed like wrapping paper for the holidays.
"You underestimate the POWER of the dark side!" - Roubini
Roubini doesn't wear a skivvy shirt under his dress shirt.
I don't like that, or his gold call.
I fucking hate Roubini
That's sick. Grudge-fucking Roubini? Really?
By the way, sell all your gold! Just wait, while I back up the truck!!
Yup! It's going down! Sell it to this guy!
Hooah! Shit, since it's worthless, just sell it to me for a few bucks an ounce. I'm buying!
We have a disorderly collapse going on - the end result on gold may be reasonably clear, but the immediate direction of anything depends upon the forces immediately acting upon it. While I agree gold is going to be a major beneficiary long term, I wouldn't be surprised to see it collapse in the near term to levels low enough to shake out a lot of gold bugs. Until I hear terrified squeaks from those getting burned by the fall in gold I'm going to be very careful about buying gold. So far all I hear is defiant roars.
Gold bugs don't get shaken. That's why their gold bugs.
A song that comes to mind, whenever I read the recommendations of the "financial experts."
"Know Your Enemy" - Rage Against the Macine
http://www.youtube.com/watch?v=4smim2MNvF8
Funny, on my MT4 it's still a ways off the 200. Exp and simple.
Anyone clarify this?
No. It broke the 200.
classy
.
but can you dance
I have an MA and two BA's and I can say that I have learned more from this website and you posters than I did at University.
I consider platinum and palladium and even silver, that devil's metal, safer for trading than gold.
The supply of gold to the market is not transparant and the revelations about large secret stockpiles, controlled by shadowy powers who can slam down the price at any time (after frontrunning themselves) start to become worrisome.
What holds up the gold price long term is the self-interest of these secret gold-holders. But short term, anything can happen. Hedge accordingly.
I have a sectret: The secret stockpiles are owned by aliens from other planets and they are shaking out the price so they can buy it all. True story.
+ 1
Buy them all: Au, Ag, Pt
Happy Christmas to all the Doctors of Economics:
Spreading some holiday silver cheer.
http://www.youtube.com/watch?v=aB0iemdCHZI
Newton's law: For every (manipulated monkey-hammering) action there is an equal and opposite (physical-driven, spring-loaded bounce-back) reaction. :D
I bought when it was in the 900's. $1400 looks good to me!
Bull markets climb a wall of worry.
Maybe, Roubini has finally found a buyer for his shop, ending his long search with a last 'independent' analysis as a welcome present to the new owner.
What does the paper price of gold have to do with the price of ass in Peoria?
Jim Willie's most recent price of gold in quantity is $1900.
Roubini keeps saying gold has topped. And if he keeps it up, one day eventually he will be right. But as long as the US government keeps ramping up its debt, I plan to keep on ramping up my PM holdings by buying at regular intervals. If gold collapses to $1400, or even $500, no problem! It will just mean that I'll be able to get more gold for my dollars.
I'm still waiting to break out my Dow 10,000 hat again...
DavidC
This sums up Roubini:
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
--Alan Greenspan, Gold & Economic Freedom (1966)
Deflation = every bank fails.
Thus, gold.
Ding Ding... We have a winner!
Deflation = EVERY BANK FAILS
Inflation = They keep the ponzi going by printing enough worthless fiat for themselves to keep paying the coupon whilst skimming the profits & using the proceeds to stack physical on pallettes for the day that they eventually decide to blow it all up & want to play banker again...
Gold, when priced in guns, is severly undervalued.
Twas the night before Christmas when all through the house,
no silver was selling, and I can’t find my mouse;
The stockings were hung by the chimney with care,
in the hope that a report for silver would soon be there.
The children were nestled all snug in their beds,
as I read the recent articles on Zerohedge.
And Mama in her kerchief, and I in my cap,
had just settled in to listen to the latest Bernanke crap.
When out on the intertubes there arose such a clatter,
I shorted the market to make my silver stack fatter.
Away to the websites I flew like a flash,
I knew in an instant it was time to dump paper cash.
The moon on the breast of the new fallen Euro,
gave lustre to my metals as I played with them in the snow.
When what to my wandering eyes should appear,
a truck load of silver stuck in first gear.
With a little old driver, so lively and quick,
I chased him away with a QE3 stick.
Now the silver is mine, and I’ve got the truck,
Merry Christmas to all, the banks are shit out of luck!
BitcheZ
This is just VOLATILITY. Gold is (and has been for YEARS) medium and long-term bullish.
A price fluctuation from $1590 - $1620 is nothing.
As the global financial system continues to totter at the edge of a cliff, volatility in the currency price of gold is going to continue to climb.
5%-10% price swings will be *common* when things are getting serious. It'll be interesting to see just how great in magnitude those price swings get before the paper-gold market falls apart.
If gold ramps too high, the paper markets will decouple and it's game over, you won't be able to get any more, so you better buy into the ramp.
If gold sells off with the generalized ramp, they will have to step in and print at some point. There won't be any warning. You can't call that bottom, so you have to buy into the sell off.
For the first time in history, you don't have to use any brain power at all as long as you buy and don't sell.
Either way you win.
+1 Very good
I have been BTFSpike for over twenty years. Buy when you have extra FRNs. Feed the family, and preserve your wealth. It's very simple.
If you LIKE things more complicated than that, consider buying guns & ammo...
Gold will see $550 per ounce before it sees $2000 per ounce.
So will silver...
Wanna bet?
Hows that short working out for you? Nervous in the service?
You related to Johnny Bravo?
Smokey would be glad to service anyone for $5/blow job.
You can contact him via Jim Quinn's nasty little blog www.TheBestilityPlatform.com
They can print money all they want. This is the chart that counts:
http://research.stlouisfed.org/fred2/graph/?s[1][id]=M2V
Simply put -
The FED can control the supply of credit indefinately. What this chart tells you is that the demand for credit isn't there. Why isn't the demand for credit there? Because people can't pay the debt they currently have.
yes. Demand isn't there. Consequently, the Fed and the banking system has decreased the price of credit to attract more buyers. This is why prevailing interest rates are in decline.
Without growth in borrowing, there is no extra money to pay the interest owed in the future on the money of NOW. The CBs *must* print that until and unless PEOPLE step up to borrow it and then the financial parasite industry can lever and pyramid atop that.
.
The joke is on the paper speculation market. I have friends who have been buying physical gold and silver, for decades. It took a while to get through to them, some of them years. I tell them to ignore the spot price. "Huh?" is the response. First, I tell them to never allow themselves to be put in a position of having to sell their holdings. Second, if a dealer is on the phone, repeatedly trying to buy, tell him you want double spot price. The response is that no one would pay that price. I remind them that they don't have to sell their gold and silver. I remind them that they are being offered worthless paper for their real money. It is then that they understand that someone who has physical gold and silver is the bank. They have money, and the potential buyers want it. Just how badly they want it, is another story.
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
I'm an idot too. I loaded up at $750 an ounce 4 years ago and refused to believe all the TA people. My paid for contrarian indicator analysts sent out RED alerts yesterday to sell with both hands and gold is going to $1400 or $1,000. Actually, I'm sort of disappointed they must cover their shorts. I wanted the price to drop significantly with all the deflationary MOPE. I wanted buy more when capitulation and despondency set in.
.
I remain in the bearish camp.
How's that working out for ya?
Lots of sassy talk but honestly - how many fo you pulled the trigger last week?
I did and I said so. In since 1931 (grampy started way back when),
You see sports fans, the dollar profits form 71 shoudl have been transferred to gold last week.
did you?
Picked up 40 silver phils on Friday with my modest check.
Jesus's ransom, how undervalued for a "modest check"
It will be amusing when the paper market approaches zero while the physical market scrambles with supply shortages and dealers each trying to figure out a price independent of the paper market. people will arbitrage the differences for a while. The cost to arbitrage will be the counter party risk ala MF Global. Then, suddenly, just when it appears all will improve, everyone steps out of the paper market at once. Physical dealers will then set prices twice daily instead of tying them to a futures market.
Fun times are ahead. Sell your fiat paper. Ben can't proctect its value.
and to think. he used to be with us. but now he sold out to the darkside. what was it doctor doom? money, wine, women song........what?
Damn, damn, damm .... it takes a wageslave time to get to the coin shop.
It all be varmint putang.
I don't care if the ounce I bought at $1,600 last week goes down to $800; I'm voting.
BTW - I'm glad the world is populated with idiots. All that means for me is profit. Am I not supposed to say that??
paper siilver and gold are going to tank when the market tanks, which will no doubt happen some time in 2012. The question is, will physical follow them down, or will they disconnect? i don't have a clue...
Silver is already there, I mean come on £19 for silver (wraping) paper, and nearly £30 for the physical, that is no spread!
Central planning overkill re: santa rally.
Send in the (for real) commies
Problem is, Asia looks kinda topped out...already?
Why not make your physical gold and silver more valuable:
Bombs (The Ron Paul Song) - Golden State Band
Proceeds to the Ron Paul campaign. Let's see if we can raise the awareness.
I've just bought it on iTunes
http://www.roadtoroota.com/public/780.cfm?awt_l=OW6Rw&awt_m=3hajrWYlKRAZ...
Great song ... tnx for the link.
Didn't Roubini's company just go bankrupt or something just a couple months ago?
Oh no they just lost 2 million on 14 million in sales. " insert loud laughing sound here"
http://www.ibtimes.com/articles/230720/20111013/roubini-economics-firm-sale-dr-doom.htm
Thanks but I'll stick with the 59 kilos of silver hidden in my basement. :)
Bank of Japan says economic recovery 'paused'; keeps policy rate unchanged http://bit.ly/v4C78t
Interesting. "Paused" is not supposed to happen in a "boom". What, the recovery died after only 2 1/2 years? There's something weird going on. Very, very weird
Here in the land of the glowing sun, recent financial new has been talking about the debt.
It goes like this: Sure we've got 230% debt/gdp but if we get a five percent increase in sales tax, we're good. Also the debt is held by Japanese so we needn't fear foreign bondholders...
Sure.......... Right.......... Keep believing it.
Japan - a third world country in a rented Lexus.
Short this mofo.
Roubini's cash loses 12% purchasing power each year for the past several years and gold has doubled or tripled (you'll have to ask the Gold Bugs for the details). I prefer Black Gold (Oil) which has gone from 26 to 44 (USO) in this same time.
I like the way GB's think though...oil, slv and gld will all do well compared to almost any fiat....it'sa no brainer.
I feel sorry for Nouriel since his predictions of the gloom are pretty accurate but he does not know how to take advantage of thi sknowledge when it come sto what to invest in compared to, say, Kyle Bass.
imo, Kyle Bass is The Man to watch for analyses and investment strategy....
Don't worry, YOU IDIOT ROUBINI, you will see physical gold breach way beyond 3k USD in your lifetime soon......you moron.
Why can everybody, on here, not remember that we are talking about two different things when we are talking about gold. People say that the gold trade is going to unwind instead of saying that the GLD trade is going to unwind so everybody answers with "No. Gold is going to go up."
BOTH are true because we are talking about GLD and PHYSGOLD.
They have two different effects, uses, and projections.
We need to start using two different terms (Like GLD and PHYSGOLD, or something) so we stop arguing at cross purposes.
The two commodities, GLD and PHYSGOLD, have already decoupled and there is quite a large price difference between them already.
GLD is at about 1600 but PHYSGOLD is sitting at about 1800 - 2200.
This discrepancy is only going to get worse.
GLD will fall apart because it is only paper. And leveraged paper, at that.
PHYSGOLD will continue to rise in price because it is a safe haven commodity.
True in theory, as long as the metals move in conjunction to the rate of inflation. I see it paying off as a hedge against inflation. right now, it's not so much. I don't care if gasoline is $2.50 a gallon, (which it should be) but milk is $4.90 gal here in Jersey and a pack of smokes are $8.00 even.
So.. technically, Gold should be at least $2,400.00 + troy oz. adding in the % of inflation rate from 3 years ago for example.
What's the Feds first and foremost job to control? There you have it, not doing their job, why? Because it's an inflation tax trap to snare you into financial servitude, even having a highly valued PM price, your getting hammered left and right from local inflation of commodities, it's hard to split the two and say, "yea, glad I can cash some PM in once in a while to offset the rising rate of inflation when your PM's are stagnated in a pre-determined trading range by TPTB.
I have always loved the value of PM's, I bought a brand new Harley with Silver alone and recognise trade in value over counter into FRN's, but I have had enough of this non performance, I still hold though, it's called Hope, Hope can quickley turn into desperation also if one panics.
My 2c -JP
I guess, the real question I ponder is, will TPTB ultimately release total power to the people in the form of value in Gold and Silver? Their F-ing us right now at every turn and I'm not confident,
I am a physical holder that has been de-leverageing since $31.30 and I just don't see the dividense of these metals when USDX is at .80 sorry, the USD is going nowhere, it will prevail over all currencies and will not collapse, even if we have to pillage another Country to ensure that. Iran next up in the cue box..
-JP
Just read this notice from GoldMoney:
Somehow I'm getting the feeling I'm supposed to pick up something between the lines here.
As G$ & similar companies are a first line of defense for some of us, comments are invited...are they going to be increasingly under pressure from TPTB to close the net on every one out there with a survival strategy? Is it time to back up the backup plan?
Roubini gold prediction from October 2009:
Roubini: I don’t believe in gold. Gold can go up for only two reasons. [One is] inflation, and we are in a world where there are massive amounts of deflation because of a glut of capacity, and demand is weak, and there’s slack in the labor markets with unemployment peeking above 10 percent in all the advanced economies. So there’s no inflation, and there’s not going to be for the time being.
The only other case in which gold can go higher with deflation is if you have Armageddon, if you have another depression. But we’ve avoided that tail risk as well. So all the gold bugs who say gold is going to go to $1,500, $2,000, they’re just speaking nonsense. Without inflation, or without a depression, there’s nowhere for gold to go. Yeah, it can go above $1,000, but it can’t move up 20-30 percent unless we end up in a world of inflation or another depression. I don’t see either of those being likely for the time being. Maybe three or four years from now, yes. But not anytime soon.
He said gold would never go to $1,500. He was wrong!
I think gold is going up because a relatively small number of people see the huge debts that governments are running up and realize that sooner or later they will lead to inflation. But the average man on the street doesn't understand this and hence has little interest in owning gold. When inflation finally hits, then everyone will want it. And only a few will have it! Get it while you can.
Like I said, Roubini is an idiot.
Economists don't understand money, banking, and finance, even though they have written the rules that govern them. Funny how that worked out
BTW people ... banks are liquidating everything as fast as they can. Quick!@#! Sell your gold ... to me!!!
Buying at $500 an ounce. Takers feel free to hit me up.
Beep, beep, beep. Back up you truck and load up.
Gold tracks the Euro dollar nearly tick for tick, Zero better hope that the ED goes to 200...
Hey, Nouriel, talk is cheap. Are you short gold? Or, are you just FOS?
Seriously, does anybody know whether he puts his money where his mouth is?
I don't think they understand the system. If they did understand the way the system works, if they understood that it is built on lies and deceit, they would be liabilities. TPTB do not want liabilites, they want dupes.
Most likely TPTB have found some deadringers of Keynes: a bunch of dupes who have been promised riches and fame as long as they go by the book. The dupes don't even question the system, they merely quote the lines they are told to remember, then they are paid and sent to the big parties. Thespians, the lot of 'em.
I've been, for some time now, getting this sickening feeling deep down in my stomach that we are all being played.
Many people believe that the main reason for the manipulation of the gold ( and to in extent silver) price is to prop up the dollar. I wonder if the real reason has more to do with allowing the owners of the world to buy up the majority of available metals in the anticipation of a gold standard.
I think there is a good chance that America will eventually return to a gold standard.. It makes me very nervous when the main street media starts talking about it.
Are we being setup? Think about it. They design a fiat system in order to steal real wealth and as the system nears it's end they start promoting a system to replace it that is completely dependent on commodity they have been buying up for 50 years.
As the fiat system implodes, the calls for a gold system increase and the media, who wouldn't touch gold and silver a couple of years ago, is now actively promoting a gold standard. All of this pushes the price of gold through the roof. Gold's at $10,000 and the Government must buy all of that gold from the banks and institutions who own most of the it. Once they sell all of their gold, the banks and institutions quickly spend all of the money buying buildings farmland, oil, food etc before the the gold backed dollar crashes.
Gold goes to $100 an ounce.
If you sold your gold at the top and did'nt spend it fast enough you have a huge pile of toilet paper. If you held on to your gold.. you are still left with virtually nothing. The banks, Government and instituions now own 70% of everything on earth that's worth anything instead of 40%.
Just a thought.
of course we're being played. the factor you've left out of the equation, however, is that the intrinsic value of gold will hold against all other prices. gold's high of ~1,900$ is a far cry from 10,000$. and if gold were 100$/oz, rest assured bread will not still be five bucks a loaf. there simply isn't even enough to as close that much gold around.
How does one crash a gold backed dollar? It's gold backed.
XAU? Hell I want to see the " ponzi" uptake, on the last minute " ECB", submission called the " EURO Merry GO Round"...<
I want a "ACRONYM" , for X-MAS. The Hell with Credit Cards! They are soooo Paseee'. >>>> Spend on can kickers.
Some Christmas Cheer...Johnny Cash and Silver....Perfect!
Merry Christmas! Johnny Cash/Silver
Could also be that paper gold is being frontrun to offload a whack load of gold mining paper certs.
Keep a close eye on paper. Japan " BoJ ,Mof, Kampo,", moving paper into Euro notes to devalue the yen. Bonds & local /reginal Soverigns. I just shorted the "yen" , s/t.<
I guess that's Harakiri for the Yen and throwing support behind the Euro. There's something about the Euro that makes me go hmmm.... No matter how hard Washington is trying to destroy the Euro, they are out of luck. China and Russia and now Japan throwing their support behind the Euro can only mean one thing. The days of the USD as reserve currency are numbered. Which is probably the reason behind this silly and expensive exercise in the Mideast. Also, the US calling on their ally the UK to try and cripple the Eurozone. The more things change, the more they stay the same.
Axis Nations my friend.. Axis against USD, Wall Street and Rothschilds.
Load up on some eur/swissie. 1.2125. You are welcome. Fuck the Roth/Gates/ A-tiil of the 'HUN' trade. Be carefull, the " liquidity is light".>
liquidity or volume is virtually non-existent. try to offload any larger stock positions in this market.. good luck. banks control markets tighter than a you know what. why rally market up 3% today in Frankfurt? makes no sense! retail is not coming back - for good!
Thanks for the news. Have fun in London. Banks, or the Interbank trade? real money or Leveraged $?
Don't attempt to trade unless you do it " FULL TIME"!
rock on tommy lets put the phd cert's with the rest of the paper shite lol
Nice! +1
This looks like a leg 4/5 in a down Elliot Wave. Could go to 1635-1638, then down.
Elliot wave hahaha
Exactly. Risk off. Buy gold.
Grab your ankles people :
http://www.haaretz.com/misc/breaking-news
U.S. Chief-of-Staff tells CNN U.S. preparing for attack on Iran (Ch. 10)
"Gold again proves it is not the safe haven many had hoped for"
Roubini proves again that he is not the authority he has hoped for.
Watch, and mark the moves , during the light moves! 2016 , FUCK the M/E.
If Otool wins the next election My Shot Gun comes out. if the >GOV thinks they can restrain the population? Idiots!
Kaboom, if Otool wins the election. I'm going Gangster hunting!
Gold is money and in a world drowning in debt I know where my bread is buttered!
Ph.D. = Piles of Hubris on Display
http://vegasxau.blogspot.com
Doesn't look good people. Takes reall balls to play this game this deep in the choke pit.
All I gotta say is sucks to be settling bank. You're going to get fuckin bear stearned.
The Arab has been wrong on every call except the odvious housing bubble that my poodle predicted right too.
and back below the 200dma like a surfer ripped off a board by a shark
This is only a temperary, end of year, push higher for Gold, equities, and commodities. "Risk" to find support and continue higher. Here is a look at the ES, DX, and TNX. http://bit.ly/uYmE8m
The paper action is irrelevant, especially in this liquidity and funding crisis.
Gold is the ultimate safe haven and it doesn't need herd mentality to confirm that.
You shouldn't be a buyer of gold to seek short term gain in this schizophrenic market.
Buy it for when the risk on/risk off trade finally breaks.
Corruption will not breathe stinky on my golden tricycle.
DAH!
WHAT'S THING PHD
DAH!
WHAT'S THING PHD
That was a Hugh Short Squeeze, glad it is over...