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Never long enough, never short enough.
I smell Inflation3.
Time to fire up the ' Japanese lanterns'... I can't wait for the volatility to kick in on usd/jpy. I guess the exporters ( Real Money) are starting to get the clue
don't worry its just a transitory move. this also explains the little pop up gold just had
Buying dips in gold is for idiots. I have bought all time highs twice and made off good.
I have bought every short term peak since 1999.
Ya right! May of )(09?
Spitzer and Thomas are completely right! Just buy the gold when you have the money! I have bought mostly at peaks too, that then those peaks went on to recede into little bumps on the road to ever higher gold prices. It's OK to BTFS!
I have been buying gold in small amounts sionce the 1980s. It has ALWAYS seemed expensive. Maybe it is SUPPOSED to feel that way...
I believe that the ridicilous Debt Ceiling Agreement pretty much lock in a QED for much higher gold prices. It seems ludicrous to me to say that gold is in a Bubble at $1660 or so. It is CHEAP!
Oh the wailing and gnashing of teeth if we get FOFOA-like numbers in the price of gold among those who did not buy...
The one dip I bought was the big one, November 08 just below 800, the very last time premiums were actually cut.
But all the rest of my buying turned out to be short term 'peaks', always seemed 'expensive' but I bought anyway and always felt good to have it. Felt even better later.
And yes, gold is still cheap. We got a long way to go with this unfolding story for the ages. And consider this: if they really screw up with bad decisions, gold will be your only friend
I would buy a dip, but there aren't any, so....
So, you should buy gold anyway. Do it ASAP.
I have heard the following...
The Chineses are pushing the YEN higher and higher to make the Japanese companies not competitive and so to force them to delocalize their factories in China !
What do you think about it ?
Anti competitiveness is China's stock and trade, especially through currency manipulations.
That's the utter joke about free trade, there never is any nor will there be, as the big guys have stuffed so much investment into China that we'll never get the tariffs we need to try to bring any semblence of balance back to this game. We Americans are fighting this global war the wrong way, we're sending our youth and our resources to Iraq and Afghanistan to get chopped up and what we should have been doing was an open economic war on slave labor, polluters and tyrants who hypocritically cry global warming while destroying as much atmosphere as they could for this yankee buck. It would have required tremendous economic sacrafice and will to have waged this real war but in stead we tried to cheat and have our cake and eat it too, and we gave all of our enemies our money for cheaper crap that won't even last a few months of use.
Molodetz, Dostoevsky! And then there's funding the Sunnis against the Christian Serbs...for decades. That is particularly disgusting. We'll be caught with our pants down eventually....our youth on many front lines with dwindling supply lines. I want dual passports.
Well we slaughtered a Christian people and a new Islamic Republic was born in Europe of "our" efforts. I guess "we" have to occupy our efforts these days to wiping out any remaining Christians in Iraq and Syria.
Here we go beotchez!....currency war followed by trade war followed by war war.....those aztecs may have nailed it for 2012.
Outside of aliens intervening or the return of Hay-zoose, I think that about sums it up.
SO IF THE WORLD ENDS IN 2012.. LETS ASSUME A WORLD WAR iii FOLLOWED BY A FALLING ASTROID AND A TRANSCONTINENTAL OCCEAN WAVE ALL START IN 2012... THE QUESTION REMAIN.. SHOULD I THEN BE LOONG GOLD, OR SILVER. :(
Don't care, but you should be short your CAPSLOCK KEY!
Love the ZH comments.
PS I was tempted to write this in ALL CAPS to see if you would double junk the caps.
Man the choppers.
Instead of buying dollars to bury their currency, the Japanese should use their money to buy cement to bury Fukushima.
michio kaku's view exactly.
Black hole currency vortex bitchez!
let the games begin. japan can print as much fiat as anyone; . earn nothing and watch your "safe" and you'd think "scarce", (given the price trajectory) "prudent" investment wither under the waterfall of freshly printed nippon ginkos... why not as much as it takes ? ditto that for the land of alpenhorns and chocolate. did someone say "competitive devaluations". what to do with all that paper.. there's too much, and there's nothing can be done about it other than to watch the market face off against the central bankers. no prize for guessing the winnner.
JGB's? Good post though!
I thought all those Goldman Traders get big fat end of year prizes for picking ... ahem... pardon, guessing who wins.
I keep hearing about the Japanese suffering from the dreaded defaltion... can please someone explain to me why they don't just QE like crazy?
Race. To. The. Bottom.
First one to the bottom, reach out, grab the brass ring and .... pull the plug!
Did we, (US), not already win this event. LOL Round "?" has begun in this 10 round event. Is overtime allowed?
This is going to be fun!
Well, that intervention was the easiest money I've made in a hell of a long time. Thanks Japan...can take profits, put it into gold since that is what will ultimately benefit from these market interventions.
'Chairsatan' haha that's a good one.
Funny thing though, this time, this money printing FX war about to go mental. Equities won't rally hard. It's all China, the USD, EUR, CHF, YEN all weaken - money will flow into oil and gold...and food commodities. China will love that since the are a c-hair away from a major collpase. They go, chairsatan won't be able to do anything. The world crashes.
Noda is a [ Silver back " Wookie" in Disguise.]
hahahahhhaahaahaha..thanks for laugh YC
Japan has become wimpy. Their crappy politicians are weak and despicable, lying a-holes. Love to see some old school samurai dude come out of retirement and cut their f******* heads off
I'd watch that movie.
Plus Shirakawa was a Chicago boy.
To much TP thrown into the porclain god has turd busters written all over it.....this paper fiasco has everyone doing double time with the plunger.
That is one area I never tread in "currencies". Will not touch them but always pay attention to major currencies each day.
The key to playing currencies is to remember that fundamentals are completely irrelevant, the exchange rates go where the currency gods will them to go. Therefore it is a complete crap shoot whether you are right or wrong, much like red vs. black in roulette. (meant to be sarcasm but sadly not). Go against the common wisdom because the currency gods feed off of the positions of the crowd. I just put a small wager on the euro to devalue 6% against the dollar in the next two weeks. Everyone thinks the dollar is going to die so the gods smell their cash. It's kind of like putting a small wager on 00, most likely it just feeds the gods. More power to the ones who can do more than gamble it those waters.
That was an interesting post
Radioactive air, radioactive water, radioactive government paper.
Hadn't heard much myself about the progress of the clean up, so I did a bit of a search...
.. and it's not good.
Isn't Japan bringing a knife to a gun fight on this one? If I remember correctly there's some kind of saying about how that type of thing tends to go...
What is really frightening about nuclear power is; That on a scale from how safe it is proclaimed to be by the industry and government, and how it
is depicted on the Simpsons, reality puts it much closer to the Simpsons.
Whoops, posted this on wrong article.
An factually wrong comment on the wrong article. You sir are on a roll.
Good call. No one ever died a slow death from radiation poisoning on the Simpsons.
And furthermore, tangentially relevant points tied coincidentally by georgraphy will not be tolerated here, sir.
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