Meanwhile Gold...
While the pathetic lunatics and kleptocrats in Europe debate just who wants Greece to default more, gold has had enough of the endless BS. And while one would think that the plunge in the EUR, and the resultant surge in the USD would push gold lower. Wrong. After all a strong dollar means weak gold, conventional wisdom says. Apparently a continent on the verge of dissolution is gold beneficial. Strange.
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Other than Charles, Ponzi's dont have happy endings!
Exactly
"I'm sexy and I'm homeless!!!"
Unlike MillionDollarBonus below,
who is as sexy as a Galapagos turtle,
and is quite at home in his parent's basement.
look at the SPX priced in Gold daily chart over the last year. MAJOR wedge forming since the end of November. Breakout (aka crash) should happen between now and the end of Q1
Reso;ution is soon coming. SPX priced in ozs of gold shows where the USD is going.
Yet all those market cheer leaders with 'fat in the fire' don't realize that all those pretty pieces of paper don't mean diddly squat!
a lot of spx companies are pretty profitable though...
Not when you compare those so called profits against the devalued currency induced cost push inflation. If at best they are marking time, treading water, just keeping their noses above the water line. Unless they take their so called profits and diversify into tangibles, to safe guard their gains, they are lost.
Comay Mierda
Breakout (aka crash) should happen between now and the end of Q1
Thats exactly what I am waiting for.
Methinks we can expect Silver to get Monkey-hammered around Feb 23rd, it's silver options expiry.
https://www.kitcomm.com/showthread.php?t=100327
Apple bitchez.....gold is a bubble.
/SarcToInfinityAndBeyond
Run yellow dawg, run!
Its those gold buying extremists..
Thats the only explantation as the macro economic situation is no reason to buy gold.
Anyone without a PhD in Economics?
Bah, you edited your post. :)
Yes the economically illiterate people are buying gold.
Any smart economist with any brains knows that central banks printing money and buying all the goverment debt always works in the long run.
It works for them but not for you.
Who is the them?
. . . 200yrs later, take a wild ff--ing guess
http://www.theoccidentalobserver.net/articles/MacDonald-Solzhenitsyn-200-Years-Together-18.html
Leave the sarcastic posts to TrillionDollarAnus!
SEE BELOW!
Is this some kind of joke? Gold can't even regain the 10 day moving average, and you're gloating about a pathetic 5 point rally? The naivety and ignorance of doomer goldbugs is just astounding. And don't even get me started on silverbugs.
Please, please start on me. I really want your sharp wit and stinging comments filled with accurate information and...
I cant pull it off...sorry.
Haha
It is ahead of the "10 day moving average"
$1737 > $1728
http://www.google.com/finance?chdnp=0&chdd=0&chds=1&chdv=1&chvs=maximize...
math is hard......
Did you hear dat???
My man Carvelli, he say don't get him started on silverbugs.
I drink your milkshake.
Yeah silverbugs are doing so poorly right now. And boy oh boy gold sure has been a stupid investment. What fucking universe are you from and living in now? Your naivety and ignorance is actually a great source of amusement. You're like the comic relief on this board right?
you poor retard
Yeah what a stupid investment. Only 40% return on part of my investment over 12 months, to put as a down payment on my first property. Yeah did really bad. Oh well never mind
I know sarcasm doesn't transmit well through text, but really, toco and silver? Really?? You two just made me sad.
How has gold done over the past 10 years?
Silver Silver Silver Silver Silver Silver Silver
MillionDollarBonus_
What do YOU have your REAL money in?.
Because any form of paper is worthless,or soon will be.
So Mr. Money, tell us your Secret Plan to retaining your wealth, and success.
I have mine in an interesting collection of binary digits. Hopefully the ratio of ones to zeros will remain positive.
silverbugz are the worst, especially those that are "living off the grid" and encouraging everyone to do it by posting doomer crap on the internet (massive irony). Never understanding that the grid provides the means to pretend to live off of it. If everyone goes to silver and off the grid then nobody can.
JFC, the internet itself is impossible without a giant grid of supercomputers, nevermind semiconductors and all the rest of this. Instead of bragging about how checked out they are, silverbugz and doomers need to put down the canned hams and rejoin the rest of society.
You poor retard !!
Gold, Silver, pile of cash and freeze dried food (Diced sweet potatoes - new item). Never know exactly what you need to be prepared for. If you accumulate slowly, you don't have to leave society. You are just prepared, if you have to do without society for a while.
"You are not allowed to be self reliant and communicative within the same lifetime."
So sayth the mighty Trav.
The only question is why has gold NOT skyrocketed in the last few years?
Because of the USD "perceived" strengthening compared to "weaker" currencies, when the FED has weakened/diluted/printed the heck out of it?
I switched my ENTIRE 401 to gold in Nov. 2008, and see NO reason to think it will go anywhere but UP.
After Greece- Portugal, Ireland, Italy, Spain......
wrong way to look at gold -- it will not go up in real terms-- gold will only retain its purchasing power !! Fiat at will continue to fall and continue to lose its purchasing power and that gives us a curious opportunity.
How can we start measuring growth in oz of gold?
The purchasing power of gold is up- oil priced in gold is down, houses priced in gold are down, most things are less expensive when priced in gold then they were. Pricing everything in gold, it looks like we're in a depression ...
Looks like?
And by "gold buying extremists" you mean "terrorists" according to the government
Well some of those are thinking hard, very hard, how to distribute imaginary "profits" from their "investments" in Greek bonds which have collapsed in "value"...
ECB Signals Plan to Disburse Greek Bond Profits to Governments (BBG)
Just when u thunk it couldn't get more surreal... LOL!
UPDATE:
Wait, waaait, waaaait, here's more, now from Gollum:
EU's Van Rompuy Says the Euro's Fundamentals Are Strong: EU Link
The big Iran news...
Report: Iran says has started using new advanced centrifuges at Natanz uranium enrichment siteOooo I'm scared...
/sarc
$1,738 is the swing low.
On edit; broken, longs are on atm.
Gold's strength simply means that the S & P 500 is gearing up to make yet another fantastic move to the upside.
Bears better brace themselves.
You're such a huge, pink, vein-y dick. They only tolerate you because of your avatar. Please don't make the mistake of thinking you're relevant.
I copied his and old geezer's together and now we snuggle together every night.
Mos' def. Geezer's avatar rocks.
It is a nice pragmatic counterpoint to the content on here. I agree with the great majority of what I read here, but I dont like the way the comments have become an echo chamber over the years. There is more value in Robo's posts than another "Gold Bitchez", at least. I am only usually tempted to post when I can play devil's advocate, for that reason (or if I have a joke I cant keep to myself).
Gold Bitchez!
Fine. Swell. Peachy. A big up arrow for you. But what you clearly don't understand is that Robo, and many before him, are simply textbook trolls, inciting wrath and vitriol wherever they go. There is no attempt at adding to the dialogue.
Having said that, I suppose I should take my own medicine and ignore him/her/ (her?). Its very hard. That's what she said.
there are separate discussions on ZH. one is econimics, err, i mean ponzinomics and the other is TA trading. Robo reminds some that even with the total farce that is ponzinomics, there is still a slight chance to make gains in trades (yeah it's quite risky). on the other hand, his "insight" is limited to "hindsight" and therefore pathetic.
I don't think there's any other way for the S & P to go. The gods of financial maneuvering, ALL Goldman Sucks employees present, past and future are going to assure that all those penson programs are at least somewhat funded.
36,000 on the Dow doesn't seem all that ludicrous anymore.
Robo sorry I mean Jon (the dick head) Nadler, you find yourself on the wrong website. Try again!
Don't be distracted by the static. The Euro is dead and is simply waiitng for its death certificate. As for gold's meanderings don't let them confuse you. In the end it will cross the line in first place. And that's where it matters.
HYPERINFLATION WILL DRIVE GOLD TO UNTHINKABLE HEIGHTS
We now live in a world where governments print worthless pieces of paper to buy other worthless pieces of paper that combined with worthless derivatives, finance assets whose values are totally dependent on all these worthless debt instruments. Thus most of these assets are also worth-less.
So the world financial system is a house of cards where each instrument’s false value is artificially supported by another instrument’s false value. The fuse of the world financial market time bomb has been lit. There is no longer a question of IF it will happen but only WHEN and HOW. The world lives in blissful ignorance of this.
More
http://www.mmnews.de/index.php/english-news/7063-hyperinflation-will-drive-gold-to-unthinkable-heights
What you write would certainly make sense in the vacuum of completely logical world.
Aye, though, there's the rub.
When you consider it from the angle of what 6 billion people believe to be true, i.e. there is a god and she's just, has a really great PERT plan, and that organized religion dominates 75% of the human beans on the planet, and has ever since fish learned to speak, emerging from the primordial ooze, it is not all that farfetched that your logic is a useless cry in the desert, on a totally dark night.
You may as well howl at the moon.
Buy the fucking Dip!!
Few realize just HOW stupid/ignorant/easily swayed the sheep truly are... They'll believe almost anything if presented properly. Imagine...a guy living in space and he knows everything everyone thinks...and people believe it...without question...some are willing to die for "him".
Praise the lord and pass the ammunition.
http://www.youtube.com/watch?v=lEl2xvs4RG8
It's our tradition and I like it.
Exactly They will need to buy gold to offset the printing.
To give the "appearance" of value to their fiat confetti.
Or maybe the new "safe haven" will be i-pods/pads/phones.
(Physical, not that worthless paper!)
SILVER !!!!
http://www.theonion.com/articles/iran-worried-us-might-be-building-8500t...
Iran concerned about u.s. buildup of nukes
kito
WHY?
The Muslim in Chief just announced a probsble 80% cutback in our Stockpiles.
No worries mate, we are in good Islamic hands.
Gold surges to exactly where it was this time yesterday. So what?
There must be a lot of domestic terrorists in Europe; I'm sure that Interpol is compiling lists.
Ahhh...I love my PM rising in the morning!
Why put your money in gold when you can get 540% in a 1 year greek bond.
/sarcasm
Got a point!
Greed gets a haircut.
Question, If I own enough Greek bonds and they default , can I get the Island of Corfu as collateral?
It's beginning to feel a lot, like, August...
http://www.youtube.com/watch?v=QYTnzNeTWmE
interesting change in character in gold if it holds early to say.
I feel sorry for the masses who still have their heads in their TeeVee sets... they're missing out. Reality is far more enthralling and surreal than any soap script or dead celebrity newz.
and more horrific
I blinked and I missed it. :(
The national mortgage delinquency rate rose during the fourth quarter of 2011, TransUnion reported Tuesday, marking only the second time since the end of 2009 the credit bureau has recorded an increase in past due mortgage payments. The first was during the third quarter of 2011, with the succession signaling what could be a troubling trend in the making. TransUnion calculates delinquencies as borrowers 60 or more days behind on payments but not in foreclosure. The rate increased from 5.88 percent in the third quarter to 6.01 percent in the fourth.
Yeah, things are getting better...bet on it
yes, and tyler, such a fair and balanced blogger, will also list all his hypothesis that were blown away in the past 3-4 months regarding equities
Why don't you get the list started for "him"? Include the links. Thanks in advance.
Please see my post directly above. Thank you.
This is actually a valid statement. While I own both Gold and Silver, Financials, along with a number of other sectors have far outpaced them YTD. Below I have included a chart with two of the stocks we beat up on here the most frequently: BAC and GS.
http://www.google.com/finance?q=GLD%2C+SLV%2C+BAC%2C+GS
If it's a valid statement then you should also have no problem simply listing some of the hypotheses Tyler et al have put forward in the past 3-4 months regarding the future performance of equities. Posting a chart of any stock outside of that context is meaningless.
I'll give you a hint since you missed it the first time around: detailing macro and micro fundamentals is not the same as saying, "this baby right here is going to 0 in approximately 2 months." At any rate, I'll be interested to read your and Mr. Buffett's findings.
Here is an example of what I'm asking you to do:
http://www.zerohedge.com/news/bank-america-back-under-8-and-why-bac-shareholders-should-be-selling-strength
Seems like a pretty damn good call, no?
How is it a good call when BAC is trading above 8?
Look at the date of the post and the timeline you requested! Geez do I have to smack you with a brick and speak slowly or something? BAC was trading at...tada...above $8 back in August of last year. Remind me again where it was 3 or 4 months later...
Have you started your list yet?
When you control the printing press you can buy all the gold in the world as long as people are willing to sell. Are you willing to sell at any price?? Until nobody wants to sell at any price for those beautiful reserve notes, gold can and will be manipulated. Last time I checked they still traded yummy cheese burgers at Mikkey Dees for FRN's, not gold..... Period.
But what you are missing here is the here in the USA we sell papaer gold...while Asia and Russia and other countries around the world are buying real gold...soon we will be left with only the paper gold...then it will fall apart,,,
Nah, what he is missing is those Micky Dee cheeseburgers are not really that yummy.
Real physical gold can still be purchased for FRNs in the USofA. Check with your local coin dealer if you don't believe it.
'Apparently a continent on the verge of dissolution is gold beneficial.'
Or maybe gold is now viewed as the "poor man's crude oil" -- LOL!