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GOLD SOARING!!!!
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Anonymous Coward
User ID: 797516
 United States
11/23/2009 5:38 PM | | Re: GOLD SOARING!!!! | Quote |
gold is set for an absolutely catastrophic crash.
Yes, but not before it has climbed to $15 000 dollar per ounce.....yeah baby......yeah! 
By that time, there will effectively BE no dollar.
Not sure if the horned hands of joy is exactly how I feel about that. |
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Anonymous Coward
User ID: 743646
United States
11/23/2009 5:40 PM | | Re: GOLD SOARING!!!! | Quote |
2005 anyone remember it.
btw if you hav not looked at what the most successful traders/crooks in the history of the world are doing with the shinny stuff might want to take a lookie here.
[ link to www.sec.gov]
I don't understand what goldman was investing in 6 months ago has to do with anything? |
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Enlilson
User ID: 808639
United States
11/23/2009 5:50 PM | | Re: GOLD SOARING!!!! | Quote |
2005 anyone remember it.
btw if you hav not looked at what the most successful traders/crooks in the history of the world are doing with the shinny stuff might want to take a lookie here.
[ link to www.sec.gov]
I don't understand what goldman was investing in 6 months ago has to do with anything?
I noticed that you seem to not see the 2005 part of the question and it points out that this is not new and in so many cases history repeats itself which I'll wager that GS is short on Gold again and like 05 it will come down which IMHO is the time to buy not now.
F'it go buy all you want no skin off my back. Someone has to be there to buy on the next dip.
Last Edited by Enlilson on 11/23/2009 at 5:55 PM
' " "'
__O__
_/_\_____
" """""""""""""""""""""""""""
carvin across the face you call life settin up for the green rm. |
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Anonymous Coward
User ID: 813855
United States
11/23/2009 5:51 PM | | Re: GOLD SOARING!!!! | Quote |
gold is set for an absolutely catastrophic crash.
----------------------------------------------------------
Yes, but not before it has climbed to $15 000 dollar per ounce.....yeah baby......yeah!
Wouldn't we all like to know which extreme.
But if you go by the record you're BOTH wrong. Gold is like the shock absorber that compensates for wild swings in other markets. It is something that modern currency is not (but is supposed to be) >A STABLE STORE OF VALUE<. It is 'money like' because because it is relatively liquid and transportable.
There is really no mystery. It's money, period.
Say gold price crashes. Well it turns out you bought it with junk currency anyway so whats the beef? If you bought low and you sell high then so what? Anybody can get lucky.
In the end, gold is as ~BORING!~ as a hard days work. |
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Anonymous Coward
User ID: 824562
United States
11/23/2009 6:06 PM | | Re: GOLD SOARING!!!! | Quote |
Git yer gold mining claims here folks - step right up...
credit cards are accepted...
Git em before they run out - quantities are limited...
[link to kachinarealproperty.com]
Why buy a few sheckles when you can get a crack at the whole damn mine...Park yer RV outside and have at it - clean pleasant weather and no crowds.
Family Gold mine claims make fer great holiday gift giving..
impress uncle Fred and give Aunt Martha somethin to talk about. |
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Anonymous Coward
User ID: 756585
United States
11/23/2009 6:20 PM | | Re: GOLD SOARING!!!! | Quote |
2005 anyone remember it.
btw if you hav not looked at what the most successful traders/crooks in the history of the world are doing with the shinny stuff might want to take a lookie here.
[ link to www.sec.gov]
I don't understand what goldman was investing in 6 months ago has to do with anything?
I noticed that you seem to not see the 2005 part of the question and it points out that this is not new and in so many cases history repeats itself which I'll wager that GS is short on Gold again and like 05 it will come down which IMHO is the time to buy not now.
F'it go buy all you want no skin off my back. Someone has to be there to buy on the next dip.
You 'wager' that GS is short gold and use unrelated material to back up your claim? |
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Anonymous Coward
User ID: 380667
United States
11/23/2009 6:31 PM | | Re: GOLD SOARING!!!! | Quote |
One other thing. If the fed. raises rates then gold will take a huge hit.
That's how Volcker destroyed the last gold bubble.
I'm thinking interest rates will eventually rise...and so
...be prepared, people.
Peter Schiff believes that such a rise in interest rates will destroy what's left of the economy.
Commercials on TV wanting to buy our gold, China recommending all their citizens buy gold and silver... it's going to the moon baby.
What people need to understand is that IT DOESN'T MATTER. Gold is not an investment. It merely protects your wealth in times of a currency crisis. An ounce of gold still buys the same amount of goods/services as it ever has. In 1930, an ounce of gold could buy, for example, a high quality man's suit. Today, an ounce of gold will still buy a high quality man's suit.
Yeah but a man's suit will be retailing at $10,000, at least the gold owner can afford to buy one. Quoting: Anonymous Coward 548111
Soooo....where ya gonna wear that suit...? |
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Anonymous Coward
User ID: 797516
United States
11/23/2009 6:32 PM | | Re: GOLD SOARING!!!! | Quote |
i bought coins.
because the goldline guy told me:
"If the shit hits the fan, the Federal Government can commandeer all of the official gold. They did so during world war II. Only gold collectable coins can survive this because of their inherent collector's value."
Gold plated tungsten bars would equal a Federal Government commandeering of your non collectible gold, that is what I remember the Goldline guy saying.
Thoughts ? |
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Anonymous Coward
User ID: 824562
United States
11/23/2009 6:33 PM | | Re: GOLD SOARING!!!! | Quote |
Select Gold Bug Out properties are still available - with No Money Down - Waterfront in nevada in gold prospecting country...
[link to kachinarealproperty.com] |
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Enlilson
User ID: 808639
United States
11/23/2009 6:51 PM | | Re: GOLD SOARING!!!! | Quote |
2005 anyone remember it.
btw if you hav not looked at what the most successful traders/crooks in the history of the world are doing with the shinny stuff might want to take a lookie here.
[ link to www.sec.gov]
I don't understand what goldman was investing in 6 months ago has to do with anything?
I noticed that you seem to not see the 2005 part of the question and it points out that this is not new and in so many cases history repeats itself which I'll wager that GS is short on Gold again and like 05 it will come down which IMHO is the time to buy not now.
F'it go buy all you want no skin off my back. Someone has to be there to buy on the next dip.
You 'wager' that GS is short gold and use unrelated material to back up your claim?
considering that they have been short on gold already and by unrelated if mean what happened to gold in 2005 yes I do.
' " "'
__O__
_/_\_____
" """""""""""""""""""""""""""
carvin across the face you call life settin up for the green rm. |
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Anonymous Coward
User ID: 824562
United States
11/23/2009 6:53 PM | | Re: GOLD SOARING!!!! | Quote |
You don't even have to own gold - just property near gold will be soon be GOLDEN.... |
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Anonymous Coward
User ID: 803157
United States
11/23/2009 6:57 PM | | Re: GOLD SOARING!!!! | Quote |
Gold: $1161 an ounce now.
Gold needs to go to about $7000 an ounce to be valued at the same value it was in the early 1970s -- the last time we had hyperinflation starting to kick in... |
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Anonymous Coward
User ID: 743646
United States
11/23/2009 7:03 PM | | Re: GOLD SOARING!!!! | Quote |
You 'wager' that GS is short gold and use unrelated material to back up your claim?
considering that they have been short on gold already and by unrelated if mean what happened to gold in 2005 yes I do. Quoting: Enlilson
I agree with your basic premise.
Someone is on the other side of all these, dollar short/gold long trades.
It is most likely GS and JPM. But things have changed.
In the big picture I do not think Gold will fall too much. We have the beijing put and several hundred trillion in derivatives for the banks to unload on us. |
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Enlilson
User ID: 808639
United States
11/23/2009 7:30 PM | | Re: GOLD SOARING!!!! | Quote |
You 'wager' that GS is short gold and use unrelated material to back up your claim?
considering that they have been short on gold already and by unrelated if mean what happened to gold in 2005 yes I do.
I agree with your basic premise.
Someone is on the other side of all these, dollar short/gold long trades.
It is most likely GS and JPM. But things have changed.
In the big picture I do not think Gold will fall too much. We have the beijing put and several hundred trillion in derivatives for the banks to unload on us. Quoting: Anonymous Coward 743646
In the long run it will go up this is not a crazy idea as for absolute crash of gold it is about as likely as the dollar dropping off the face of the earth.
It comes down to timing and market strategy and so many unknowns that even the most savvy investors I know are throwin there hands up. Yet many of them are short on gold --for now and now being less then 3 months.
' " "'
__O__
_/_\_____
" """""""""""""""""""""""""""
carvin across the face you call life settin up for the green rm. |
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TorontonianGuy
User ID: 794149
 Canada
11/23/2009 7:36 PM | | Re: GOLD SOARING!!!! | Quote |
I started buying about a year ago based on videos I had watched but more importantly my gut said it was the boy scout thing to do ... I expect sharp rises shortly. |
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goodintensions
User ID: 825708
 Australia
11/23/2009 9:54 PM | | Re: GOLD SOARING!!!! | Quote |
It would be good to investigate what money/gold/monetary economics is really about,
The history
the evolution
alternitive economic system structures
Money is the root of all "evil",
make's every man for him-self in a dogy/dog world.
 |
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Anonymous Coward
User ID: 802923
United States
11/23/2009 10:05 PM | | Re: GOLD SOARING!!!! | Quote |
I posted this one another thread about silver, but thought I'd throw it here too. Ridicule away...
quote:Anonymous Coward 802923]
Sorry to rain on the parade, but some thoughts I posted earlier..
[link to www.godlikeproductions.com]
You guys are all on the wrong side of this trade. Watching gold? It is forming a gravestone doji today.
I am long physical gold and silver, but as a trader, I just got short financial gold and silver today. I have stops (e.g just over $1200 in gold), but I subscribe to this view....
[link to www.zerohedge.com]
Especially the last sentence about the VW-escque short-covering. The market is SO bearish the dollar and SO bullish Gold that a reversal will be brutal. We are talking about a possible $100 day in gold.
I will only sell my physical metals if I need food money, but I think we have seen a pretty long-term top in gold today.
Nope.
$1,234 gold by Wednesday
$20 silver by Wednesday
buhmp
Ha ha ha.
You're so wrong.
Ok, I will give you one more tidbit of info.
Gold sentiment has been running 95% bullish for almost two weeks. That has never happened in the 22 years since this started being tracked. That kind of sentiment almost always precedes major reversals.
But don't listen to me. Wait and puke your position at $970. I will be there to buy it from you.
hey buddy... you aware of all the tungsten filled gold bricks (400oz bars) out there?
There is going to be a major major scramble for gold over the next few months. Major. We'll see $1,500 by Christmas for sure.
Yeah I have heard this rumor.
Guess what, rumors like this always come out at market tops. Remember people going berzerk over peak oil last summer? How often do you hear about it now?
Find me a tungsten filled bar owned by somebody of significance and show me some evidence. Otherwise, I think the rumor is ridiculous.
Anyway, on the extraordinarily unlikely chance that this rumor happens to be true, I will be stopped out of my financial position, EAT the loss, and cradle my physical.
But it's not. Gold topped today and will reverse. The dollar bottomed. It's over. The unwind begins.
This is exactly why the price of gold and silver will explode Wednesday. All the shorts will be caught with their pants down and their hands in the cookie jar.
hahaha
You don't get short-covering rallies at new market highs. The shorts have their "hands in the cookie jar"? How could that be? They've gotten clobbered.
I also like the endless laughter and abuse aimed at the shorts. Another market topping sign. When I was buying gold at $450, I was almost laughed out of the room.
That was less than 5 years ago, now we are up almost 3x, and as I am talking about hedging my long position to keep me flat, I am getting the same laughter.
The dollar is going to rally, and every other overpriced bubbly shitty asset is going to get clobbered. Gold, which funamentally probably doesn't deserve to get clobbered to the same extent, will go along with everything else. Whatever exuberance you are feeling as long this moment will be replaced by a feeling of fear that is several magnitudes worse. It is the nature of the markets.
Incidentally, gold did form a gravestone doji. A down day tomorrow would complete the bearish reversal formation.
Also, as another contrarian indicator, have you guys noticed your price targets? You guys aren't talking about making 10% over the next year. You are talking 1000s of percents. That is the talk of serious long-term tops.
When this reverses lower, I expect it to take at least 18 months to recover. By then, most of the bulls will be exhausted. |
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Anonymous Coward
User ID: 802923
United States
11/23/2009 10:06 PM | | Re: GOLD SOARING!!!! | Quote |
Screwed up the formatting...
Sorry to rain on the parade, but some thoughts I posted earlier..
[ link to www.godlikeproductions.com]
You guys are all on the wrong side of this trade. Watching gold? It is forming a gravestone doji today.
I am long physical gold and silver, but as a trader, I just got short financial gold and silver today. I have stops (e.g just over $1200 in gold), but I subscribe to this view....
[ link to www.zerohedge.com]
Especially the last sentence about the VW-escque short-covering. The market is SO bearish the dollar and SO bullish Gold that a reversal will be brutal. We are talking about a possible $100 day in gold.
I will only sell my physical metals if I need food money, but I think we have seen a pretty long-term top in gold today.
Nope.
$1,234 gold by Wednesday
$20 silver by Wednesday
buhmp
Ha ha ha.
You're so wrong.
Ok, I will give you one more tidbit of info.
Gold sentiment has been running 95% bullish for almost two weeks. That has never happened in the 22 years since this started being tracked. That kind of sentiment almost always precedes major reversals.
But don't listen to me. Wait and puke your position at $970. I will be there to buy it from you.
hey buddy... you aware of all the tungsten filled gold bricks (400oz bars) out there?
There is going to be a major major scramble for gold over the next few months. Major. We'll see $1,500 by Christmas for sure.
Yeah I have heard this rumor.
Guess what, rumors like this always come out at market tops. Remember people going berzerk over peak oil last summer? How often do you hear about it now?
Find me a tungsten filled bar owned by somebody of significance and show me some evidence. Otherwise, I think the rumor is ridiculous.
Anyway, on the extraordinarily unlikely chance that this rumor happens to be true, I will be stopped out of my financial position, EAT the loss, and cradle my physical.
But it's not. Gold topped today and will reverse. The dollar bottomed. It's over. The unwind begins.
This is exactly why the price of gold and silver will explode Wednesday. All the shorts will be caught with their pants down and their hands in the cookie jar.
hahaha
You don't get short-covering rallies at new market highs. The shorts have their "hands in the cookie jar"? How could that be? They've gotten clobbered.
I also like the endless laughter and abuse aimed at the shorts. Another market topping sign. When I was buying gold at $450, I was almost laughed out of the room.
That was less than 5 years ago, now we are up almost 3x, and as I am talking about hedging my long position to keep me flat, I am getting the same laughter.
The dollar is going to rally, and every other overpriced bubbly shitty asset is going to get clobbered. Gold, which funamentally probably doesn't deserve to get clobbered to the same extent, will go along with everything else. Whatever exuberance you are feeling as long this moment will be replaced by a feeling of fear that is several magnitudes worse. It is the nature of the markets.
Incidentally, gold did form a gravestone doji. A down day tomorrow would complete the bearish reversal formation.
Also, as another contrarian indicator, have you guys noticed your price targets? You guys aren't talking about making 10% over the next year. You are talking 1000s of percents. That is the talk of serious long-term tops.
When this reverses lower, I expect it to take at least 18 months to recover. By then, most of the bulls will be exhausted. |
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Anonymous Coward
User ID: 787567
United States
11/23/2009 10:28 PM | | Re: GOLD SOARING!!!! | Quote |
It would be good to investigate what money/gold/monetary economics is really about,
The history
the evolution
alternitive economic system structures
Money is the root of all "evil",
make's every man for him-self in a dogy/dog world. Quoting: goodintensions
?
You've got to be joking. |
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Anonymous Coward
User ID: 774263
United States
11/24/2009 5:04 AM | | Re: GOLD SOARING!!!! | Quote |
i bought coins.
because the goldline guy told me:
"If the shit hits the fan, the Federal Government can commandeer all of the official gold. They did so during world war II. Only gold collectable coins can survive this because of their inherent collector's value."
Gold plated tungsten bars would equal a Federal Government commandeering of your non collectible gold, that is what I remember the Goldline guy saying.
Thoughts ? Quoting: Anonymous Coward 797516
Yes, but when Roosevelt confiscated gold, only 22% of gold owners actually relinquished their gold, even though heavy fines and imprisonment were levied. The ones that sold were were suckers. They sold at $20.67/ounce and then Roosevelt turned around raised the price to $35. The people that held onto their gold profited immensely.
[link to www.the-privateer.com] |
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mandle/honiker
User ID: 774263
United States
11/24/2009 5:08 AM | | Re: GOLD SOARING!!!! | Quote |
Quoting: Anonymous Coward 714662
Thanks for posting this!!! I totally had that record in the 80's. It's so great. |
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Anonymous Coward
User ID: 640526
 Austria
11/24/2009 7:45 AM | | Re: GOLD SOARING!!!! | Quote |
Git yer gold mining claims here folks - step right up...
credit cards are accepted...
Git em before they run out - quantities are limited...
[ link to kachinarealproperty.com]
Why buy a few sheckles when you can get a crack at the whole damn mine...Park yer RV outside and have at it - clean pleasant weather and no crowds.
Family Gold mine claims make fer great holiday gift giving..
impress uncle Fred and give Aunt Martha somethin to talk about.
or looking for a top retirement spot,
save your money here (top 11)
[link to www.naplesnews.com] |
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goodintensions
User ID: 826697
Australia
11/25/2009 5:35 AM | |
goodintensions
User ID: 826697
Australia
11/25/2009 5:37 AM | |
fred704
User ID: 826734
United States
11/25/2009 6:38 AM | | Re: GOLD SOARING!!!! | Quote |
i bought coins.
because the goldline guy told me:
"If the shit hits the fan, the Federal Government can commandeer all of the official gold. They did so during world war II. Only gold collectable coins can survive this because of their inherent collector's value."
Gold plated tungsten bars would equal a Federal Government commandeering of your non collectible gold, that is what I remember the Goldline guy saying.
Thoughts ?
Yes, but when Roosevelt confiscated gold, only 22% of gold owners actually relinquished their gold, even though heavy fines and imprisonment were levied. The ones that sold were were suckers. They sold at $20.67/ounce and then Roosevelt turned around raised the price to $35. The people that held onto their gold profited immensely.
[ link to www.the-privateer.com]
Gold was confiscated in the '30's because the dollar was backed basically had a linkage to gold. If you remove gold from being "LEGALLY" circulated. presto, ta-da I bring you fully functional reserve banking fiat paper. |
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