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Gold strategy in the current economy


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#2896 The Masked Tulip

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Posted 03 April 2012 - 06:31 PM

Gold and silver just fell off a cliff - don't worry, things will be back to normal soon.

http://www.zerohedge...market-reaction
The success or failure of your deeds does not add up to the sum of your life. Your spirit cannot be weighed. Judge yourself by the intention of your actions and by the strength you faced the challenges that have stood in your way.

The people closest to you have been trying to tell you that you have made a difference. That you did change things for the better. The Universe is vast and we are so small. There is really only one thing that we can ever truly control - whether we are good or evil.


The political triumph of the American Right has been to advance relentlessly the economic interests of the country's richest people, while emphasising a swath of moral, social and foreign policy issues that motivate and certainly distract middle-class and poor voters.

#2897 roman holiday

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Posted 04 April 2012 - 02:27 AM

silver...


http://theshortsideo...ong-silver.html

Good article on silver. Have the same thoughts on silver myself.

#2898 hotairmail

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Posted 04 April 2012 - 07:17 AM

Good article on silver. Have the same thoughts on silver myself.


Today's update....

http://theshortsideo...-pms-party.html

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#2899 R K

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Posted 04 April 2012 - 11:40 AM

Today's update....

http://theshortsideo...-pms-party.html


:D "It's Bernanke's fault"

errrrr.........no. It's his fault.

Tanzanian Gold's "I've had lunch with some big players and there's going to be a mid-March event with gold going to $2100" Sinclair will no doubt be blaming someone else for his woeful call too.

$500 wrong. I guess that's why he's a self-proclaimed guru.


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"We have now entered The Great Rebalancing 2007-20xx" - RK
"Gold will go to $1000, Silver to $18" - RK August 2011
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Carney announces the launch of Empire 2.0 - Rise of the Banksters Oct '13


#2900 Errol

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Posted 04 April 2012 - 11:45 AM

Same old, same old ...

Interesting (in a boring sort of way) to see how low it can go this time.

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#2901 Take Me Back To London!

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Posted 04 April 2012 - 03:02 PM

:D "It's Bernanke's fault"

errrrr.........no. It's his fault.

Tanzanian Gold's "I've had lunch with some big players and there's going to be a mid-March event with gold going to $2100" Sinclair will no doubt be blaming someone else for his woeful call too.

$500 wrong. I guess that's why he's a self-proclaimed guru.


I don't take notice of Jim Sinclair's views of what the market is going to do in the short term. IMO Sinclair never has a day off and is feeding people the get quick rich story, that so many want to hear.

I take note of the opinions of the likes of Dominic Frisby, who is a gold bull, but is very level headed, always looking for the chink in armour and is not constantly on about gold going up as Sinclair does. Frisby has been so right in the past about realistic targets and about the 12-18 month consolidation periods after a new high. He is expecting to see gold to hit $2,000 at the earliest by the end of the year.

Edited by Take Me Back To London!, 04 April 2012 - 09:34 PM.

Bankers may well have acted as if they’ve been sitting in the casino during the boom years. But it was a state-owned casino, with governments as the croupiers, and central bankers behind the bar giving out free booze.

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#2902 Democorruptcy

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Posted 04 April 2012 - 03:25 PM

Same old, same old ...

Interesting (in a boring sort of way) to see how low it can go this time.


I asked a question earlier that you missed....

So just to clarify.

Saying you "would really jump in" means you have access to either lots of cash, non gold things things you could turn into cash or you would leverage up, at £600 - but - you would need a 40% drop in price to get so excited about gold?

Do you have a house? If so, is it mortgage free?

Democorruptcy
If you say "Democorruptcy" quickly, it sounds a bit like "Democracy". In a "Democracy" people vote for politicians who represent their interests. In the UK's "Democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.

Governbankment
A "Governbankment" is a Government that has no line between itself and banks. It diverts public money (our taxes) to private companies (banks). George Osborne's Help to Buy Bail Banks, will see our taxes go to bankers to cover their losses on mortgages that default. The UK's Governbankment will even pay bankers "reasonable repossession fees" on Help to Bail Bank mortgages that default.

The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR, interest rates swaps, etc. are being paid by savers so that bankers can keep pocketing bonuses. 

"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%

If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
http://classiclit.ab...en-Part-2_4.htm

I want to tell you my secret now.... I see debt people


#2903 Errol

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Posted 04 April 2012 - 03:46 PM

I asked a question earlier that you missed....

So just to clarify.

Saying you "would really jump in" means you have access to either lots of cash, non gold things things you could turn into cash or you would leverage up, at £600 - but - you would need a 40% drop in price to get so excited about gold?

Do you have a house? If so, is it mortgage free?


Too complicated (and personal) to go into detail here. But cash is key. Would never use leverage. Regular purchases all the way to zero if needs be.

And many believe the paper market will disconnect completely (see FOFOA), sending gold prices to next to nothing - but by that time actual physical will be impossible to get.

Edited by Errol, 04 April 2012 - 03:47 PM.

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#2904 Democorruptcy

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Posted 04 April 2012 - 04:12 PM

Too complicated (and personal) to go into detail here. But cash is key. Would never use leverage. Regular purchases all the way to zero if needs be.

And many believe the paper market will disconnect completely (see FOFOA), sending gold prices to next to nothing - but by that time actual physical will be impossible to get.


I was just trying to make sense of your "really jump in" and wondered what with, after seeing you as bullish about gold for so long. I couldn't understand why someone who I assumed had such a large position, was willing it to fall so much.

Just to be clear I am not knocking gold and have held some but don't hold any at the moment.

Democorruptcy
If you say "Democorruptcy" quickly, it sounds a bit like "Democracy". In a "Democracy" people vote for politicians who represent their interests. In the UK's "Democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.

Governbankment
A "Governbankment" is a Government that has no line between itself and banks. It diverts public money (our taxes) to private companies (banks). George Osborne's Help to Buy Bail Banks, will see our taxes go to bankers to cover their losses on mortgages that default. The UK's Governbankment will even pay bankers "reasonable repossession fees" on Help to Bail Bank mortgages that default.

The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR, interest rates swaps, etc. are being paid by savers so that bankers can keep pocketing bonuses. 

"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%

If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
http://classiclit.ab...en-Part-2_4.htm

I want to tell you my secret now.... I see debt people


#2905 roman holiday

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Posted 04 April 2012 - 08:05 PM

And many believe the paper market will disconnect completely (see FOFOA), sending gold prices to next to nothing - but by that time actual physical will be impossible to get.

Oh dear....

#2906 roman holiday

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Posted 04 April 2012 - 08:06 PM

Posted Image

#2907 FaFa!

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Posted 04 April 2012 - 11:44 PM

Too complicated (and personal) to go into detail here. But cash is key. Would never use leverage. Regular purchases all the way to zero if needs be.

And many believe the paper market will disconnect completely (see FOFOA), sending gold prices to next to nothing - but by that time actual physical will be impossible to get.

So basically you are a gold bull sitting on a load of cash. And you have such faith that gold will go to the moon as a one way bet you wouldn't want to use leverage. Which is bizarre, given you believe the leverage should be inflated away as gold rockets, right?
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#2908 Errol

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Posted 05 April 2012 - 09:17 AM

So basically you are a gold bull sitting on a load of cash. And you have such faith that gold will go to the moon as a one way bet you wouldn't want to use leverage. Which is bizarre, given you believe the leverage should be inflated away as gold rockets, right?


I said nothing of the sort. I would never use leverage because in this market gold volatility will be extreme (we've seen nothing yet - I'm talking drops/rises of $500 a day +) and I'm taking no risks.

Also, if the paper price drops to zero on the COMEX/paper exchanges it would create a large problem for those using debt/leverage to buy.

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#2909 Errol

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Posted 05 April 2012 - 03:13 PM

Interesting to see if this holds:

Posted Image

from - http://www.tfmetalsr...y-pieces-silver

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#2910 hotairmail

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Posted 06 April 2012 - 08:20 AM

Stockcharts on gld and gdx...


http://blogs.stockch...-the-trade.html

"The chicken is radiating disorder out into the wider universe."





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