Monday, March 31, 2008

Utter rubbish

Gold Fundamentals Are Being Ignored

John Handbury talks about supply and demand of gold. He says prices will fall. No mention of US M3 growing at 19pc. Garbage.

Posted by sold 2 rent 1 @ 08:36 PM (839 views)
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27 thoughts on “Utter rubbish

  • Anyone who is at all interested in these matters, and especially those who habitually label in-depth analysis that is critical of central banking as conspiracy theories, please read the following:

    http://www.kitco.com/ind/schoon/mar312008.html

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  • sold 2 rent 1 says:

    We are in the middle of an information war. This war as defined by Calleman’s model went into overdrive on March 19 with the publication of Labour’s security bill that is trying to have the 7/7 inquests held in secret.

    Back to the gold article.
    Who is John Handbury?
    He has no website,

    His 3 previous posts are:

    30 Mar 2008 – Gold Fundamentals Are Being Ignored
    25 Mar 2008 – Precipitous Drop in Eurodollars is not Sustainable
    22 Mar 2008 – Gold Trading has Changed Due to Impact of Gold ETF Holdings

    2 bearish gold articles and 1 on Eurodollars (what are Eurodollars, anyone?)

    We have to be careful of bogus articles on Market Oracle. This one is clearly intended to bring down the gold price and probably NWO sponsored.

    Market Oracle produces some of the best articles I read. This is because it is free from mainstream press restrictions laid down by the power elite.

    It is still worth posting these bogus articles, so we can all monitor how this information war is progressing.

    May will be the peak of the information war. The in-fighting that has already started on HPC will continue to grow.

    The truth will come out. The only thing left in question is WHEN you discover it.

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  • “The in-fighting that has already started on HPC will continue to grow.”@S2R1

    …I don’t feel there is any in-fighting, yes we have had a few VI guests join the blogs, but I still feel we are all still looking for the same thing and that is for the massively overinflated UK property market to correct to affordable levels. All this concern over the movement of gold/commodities is a distraction, IMHO, and alhtough I understand the correlation between a flight to safety during times of financial uncertanties and HPC, we all know that markets are volatile. This may well be an NWO conspiracy, but I believe it to be a correction in a commodities market that has swiftly overheated. That is not to say gold wont rise and break new records. personally I am more concerned with a devaluing pound. We all have our own concerns, but the majority of us I feel are , although I hate to use this phrase, “singing from the same hymn sheet”.

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  • Reminds me of the dissinfo about Gold in ’04 when Rothschild was referenced in the FT: “Rothschild turns its back on gold
    NM Rothschild, the investment bank, is to withdraw from the gold market, turning the page on two centuries of history.” http://search.ft.com/ftArticle?queryText=gold+rothschild&aje=true&id=040415000856&ct=0

    Hmmm

    As an aside one wonders why: “1999, Gordon Brown, then Chancellor of the Exchequer, (Brit Treasury Secretary), sold more than 450 tons of British gold for around $275 an ounce. ” (http://www.strike-the-root.com/81/herman/herman3.html). Why, why, why?

    I thought the UK was booming then – ‘Cool Britannia’ and all. How long have these [email protected] been robbing us? How was he allowed to do this in the first place? and was this deliberately done early on when no-one was watching – or even caring so that we can’t now bail out our budget deficit and keep the pound strong, ‘cos the cupboard is bare. He should be arrested over this!

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  • Layers, more importantly is the question: why did GB use the proceeds from the undervalued sale of 1/2 the country’s gold deposit to buy Euros? And what is he planning with regards to sterling? As is have said before, the UK currency is my personal bugbear, as I hate to think that a traitor like GB could be incharge of the destruction of the UK economy and its currency to fund his nefarious plans to join club med. Talk about conspiracy theories. Sterling currently at record lows agianst the Euro, AGAIN.

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  • S2R1 – well done on showing this ‘character’ up – ‘By their deeds you shall know them’.

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  • bystander, for sure the plan is economic integration with the Euro. They know that the British public will never vote for it, so economic circumstances will be manufacture that makes it a logical ‘necessity’.

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  • @bystander – I didn’t know that – thanks. And there you go, on one level it was the debencher these parasites paid (with our money) for their ticket to the United States of Europe (except this time it will be more successful!). I wonder, as I wrote on a previous response, so apologies to those who already read it, but us Euro-sceptic public are a fly in the ointment to the Euro shadow govt as they’re affraid we’ll vote No.

    Therefore, plan B could be to have juiced us all up on CR and cr*p, to only pull the rug from under our feet and the devaluation of the pound. The result is we all cry “how could this have happened? Who will save us? – Oh hello US of Europe, where can we sign? At least then we wont have to vote as they’ll be no need for that anymore.

    Problem, reaction, solution. Order out of chaos. Now who’s mottos are those I wonder?!?

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  • planning4acrash says:

    Those comments are in relation to Harold’s post.

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  • planning4acrash says:

    “Professor Henry Brubaker of the Institute for Studies said: “We conducted a detailed analysis of every major policy decision taken by every central banker in the world over the last 10 years and came to inescapable conclusion that they’re a collection of fuckin’ idiots.””

    http://www.thedailymash.co.uk/news/business/global-economy-now-run-by-f%2acknuts-20080123675/

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  • sold 2 rent 1 says:

    bystander,

    “We all have our own concerns, but the majority of us I feel are , although I hate to use this phrase, “singing from the same hymn sheet”.”

    I will have to disagree with you here. The majority on this site are of the view that we can expect a nice 20-30pc drop in house prices, a hardish recession (but not too bad that they lose their own job). They believe that the world economy has been mismanaged by a few greedy bankers and slightly corrupt politicians.

    My view, and I am in the minority right now, is that the world economy is being crashed at full speed on purpose by the power elite, who have planned this for quite some time. The reason: to enslave us into our own debt.

    As much as I have tried to post articles about this stuff, it regularly gets slagged off for being conspiracy theory tosh.
    It is sad to say that the only way people will discover the truth is after the carnage hits this summer.

    People naturally resist change, and only accept it when there is no other option.

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  • I am willing to heed your advice s2R1 and will do my best to prepare, but I hope you are wrong.

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  • @S2R1

    “My view, and I am in the minority right now, is that the world economy is being crashed at full speed on purpose by the power elite, who have planned this for quite some time. The reason: to enslave us into our own debt.”

    Putting aside the conspiracy/non-conspiracy argument, I am confused by your statement. Crashing the economy will cause a painful depression but it will also blow away a lot of bad debt out of the system. My understanding is that we should have regular small recessions to punish misallocation of resources; there is no other way, if you believe in capitalism. Economic failure has to be punished by letting imprudent banks and individuals fail. The problem we have at the moment is that the Federal Reserve kept cutting rates at the wrong time – leading to the massive house price bubble. To be sure, the next recession/depression will be nasty but that is because we have tried to hold off the day of reckoning for so long by borrowing instead of living within our means.

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  • planning4acrash says:

    S2R, people often resist it, because you post other people’s films, that often have half truths and are portrayed in ways that make the truths that are there or the very concept of conspiracy appear ridiculous to the uninformed. As I’ve suggested, many of these conspiracy theories are probably put out there with enough truth in to catch those susceptible to conspiracies (maybe 5% of the population), but with enough subtle self-ridicule to permanently turn off the remaining 95%. Hows about the 9/11 commentary video? Using hip hop and a young chap to voice over. All sounds made up in a bedroom. I bet you could find many other holes throughout, and these guys are very clever and subtle with their use of media. They can plant an idea one place, such as Al Fiyad, etc. (then disseminated to all Sun readers, etc), then a reminder of Fayad turns up in a 9/11 film, and the average Joe Bloggs, goes, oh, its another Fiyad, nothing to see here, move on people. That is just one example of a subtle network of propaganda that can occur. That TV Magician, can’t remember his name, Blain is it? Demonstrated that he can put a suggestion in a person’s mind that they connect with something else to wholly alter their perception of it.

    Read Island by Aldous Huxley. A mainstay of his Utopia, portrayed in the book, is identifying children susceptible to being manipulated, and teaching them to gain control over their faculties. He suggests in the novel that a reliable and critical percentage of the population can be manipulated, hypnotised, led on, etc. and that it is the duty of the education system to deal with that.

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  • @s2r1: I agree we’re where we are because of human greed propagated (the key bit disgreeing with you ) by the power elite that will jump ship to the next “project” as soon as revenues fall. They’re probably going to go into “declare bankrupt without pain” businesses so that they can sell you more credit.

    We need EFFECTIVE Government to totally sort the credit industry. Since most loans are secured on houses – regulate mortgage lending to what you’d see in Germany and end the bubbles very quickly. The UK is thoroughly riddled with the “must have mortgage” thing because the ups and downs of the property market makes everyone into amateur traders as they think they have a chance of making money. That “gain” is spent oon larging it – and in the process, all those who want a house to live in pay well over the odds for what in general is a poorly built pile of bricks.

    Remove the uniquely UK inflationary mortgage market to something like 75% max loan and 20 years max term and you’d see LONG TERM thinking – which is really what a house to live in ought to be.

    The lenders are usually laughing at their customers whilst letting them, talk themselves into more loans. Now, with this serious HPC coming, we can all do a MWAHH AHAHAHAHA HHAA at the lenders. But please, can it be the last time???

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  • Modern governments have sold their gold away as its relevance is purely nostalgic, like the traditional wax seal on an envelope. Times are a changing.

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  • planning4acrash says:

    Hmm, qualify that, yoyo, how is $1000/ounce nostalgia value?!

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  • planning4acrash says:

    1930’s dinner dresses are of considerable value nowadays if in good nick, and much of that is nostalgia value, but $1000/ounce?! hmm, let me think what sells for that based purely on nostalgia. Paper currency backed on houses? Well, that’s surely not as strong. Banks print money from thin air as a result, that is the source of all inflation. Your groceries are inflating by about 6% purely as a result of currency growth that is not backed by a rare fixed resource like gold or silver.

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  • planning4acrash says:

    But maybe you are right. Gold tends also to go into hands of wealthy, in this case, often the state. So maybe gold went out of fasion when bankers and corporations took over. Maybe the next phase will see something altogether different?

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  • p4ac
    Not $1000/ounce anymore, and heading South rapidly this pm.
    Market Oracle article may not be bogus afterall!!!

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  • This NWO and ‘new level of consciousness’ stuff is embarrassing. So the white middle class has ‘discovered’ poverty and oppression by the rich elite. Whoopee doo – get over yourselves.
    The rest of the world outside our comfortable bubble have known about it and felt the effect of it for decades, if not centuries. Some within the bubble have known about it for as long – trade unionists, socialists, charity workers, the church, environmentalists – all pointing at the injustice and widening wealth gap while we looked down at them and got on with watching TV.
    These are the people who realised that we are all interdependent and interconnected, quite a bit before Zeitgeist ‘revealed’ it to us – we have chosen to ignore them until our comfortable existence is threatened.
    So what’s the solution – buy gold? So much for ‘taking down the system’ – this looks distinctly like an ‘i’m alright jack’ solution to me.
    Meet the new consciousness, same as the old consciousness….
    If you really want to do something follow the example of those I mentioned above instead of pretending you are the keeper of the great secret – unfortunately it may require more effort than the purchase of gold and blogging.

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  • We can witter on all we like about ‘conspiracy theories’ and we can all pat ourselves on the back for seeing through the dastardly machinations of the elite, but as a solution, buying gold is laughable and about as far from seeing the world as it really is as you can get. We are so far from reality here in the UK it is tragic – people – entire families – die every day to provide us with what we have. The unseen with foreign names in far-away countries. Think about that for a minute, start to see them as fellow human beings and you may indeed start to see the reality of the world. You may wish to protect your wealth and avoid the slavery of debt, but unfortunately 90+% of the people on this plant will never get the chance.

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  • planning4acrash says:

    Ship builder, what was the solution you mentioned above?

    By the way, being against fascism doesn’t mean that we are anti-equality. Mugabe is doing this to his people too. The banks have a hold on Africa, saddling it with unpayable debt. We could go that way too. If we fight the banks here, it is possible that we can fight them there. Letting the banks take over this country completely is not a solution to the third world’s problems.

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  • p4c said “But maybe you are right. Gold tends also to go into hands of wealthy, in this case, often the state. So maybe gold went out of fashion when bankers and corporations took over. Maybe the next phase will see something altogether different?” By Jove you’ve got it and very well put. Gold will always have some value for the jeweller’s and those who trade it, maybe it will go as high as $1600.It is the link to money that has been eroded, in the past people would run to gold in times of financial disaster but I don’t think that will be the case today as we are already into the “next phase”.

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  • s2r1 – I used to trade Eurodollars (well the short interest rate on them) they are merely dollars held outside USA. Used to be a very trendy market (the interest rate i mean) and was traded on LIFFE.

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  • shipbuilder says:

    quiet guy said –

    “This is just a shot in the dark: do you have anything to do with this? :

    http://www.youtube.com/user/housepricecrashUK

    Hilarious, but no. There may actually be more than one person in the world that holds similar opinions, you know.

    Try reading some of my posts – i’d like to think I come across as slightly more well-balanced than another youtube goon.

    I thought my views were fairly well explained – I enjoy the range of views expressed here. I have learnt a lot from what is posted here, both in the articles and by the contributors. Initially sympathetic anyway due to my socialist leanings, I saw through the hype 3 or 4 years ago now which is why I ended posting here – i’d like to see a return of house prices to reasonable levels.

    However, I have noticed that a number of contributors here who previously seemed to have reasonable opinions seem to have lost the run of themselves with a load of half-baked conspiracy nonsense. They claim to have ‘opened their minds to the reality’, yet strangely any point critical or not in agreement with the NWO theory is dismissed as ‘the establishment view’ or part of ‘the information war’.
    Of course, we all like to take sides, and what is more attractive than labelling oneself as the ‘contrarian’, ‘loner’ or keeper of the truth. There’s hundreds of 13 year old goths in Belfast city centre every weekend claiming the similar sentiments, for the same reasons.

    I’m simply pointing out the yawning gap between, on the one hand, middle-class internet bloggers in the last few years doing some research on recent events and coming up with a theory that ‘hey, guys, look, the western capitalist system is baaaaaaaad”, prompted by the fact that their prospective house may become quite expensive, and the reality, that GENERATIONS of social commentators have been saying this for HUNDREDS OF YEARS. People involved in direct action, people who have been jailed for their efforts, people who have written books and devoted their entire lives to fighting the rotten and corrupt reign of the greedy and powerful.
    My grandfather was a Labour party member and a campaigner for rights for the elderly – I remember asking him as a child why the elderly needed help when we all had so much. He said something similar to “because people are so wrapped up in their own problems, and the government don’t care about anyone but themselves and their rich friends.”
    That was 20 years ago – and you think this is NEW? You may find the writings of Noam Chomsky, for one, very familiar. No-one is trying to ‘cover up’ or ‘surpress’ his point of view.
    The collapse of communism demonstrated to all that obvious control does not work. For the last number of decades the tool of the rich and powerful has been the subtle advertisement and pushing of (their brand of) capitalism and simplification of socialism to ‘state control’ and has achieved much more.
    Of course, your ego may not be able to take the fact that this ‘just happened’ with your full agreement, so naturally, it must be an evil plan.

    However, what inspired my post here was not pointing out the intellectual egofest, but the suggestion that buying gold was the solution. Really, to suggest that you have reached a new level of consciousness, that you realise we are all one oppressed people and then pretend the solution is to behave EXACTLY like the greedy bankers and look after your own interests (as if gold would be worth ANYTHING without a financial system to back it up) is laugh-out-loud funny.

    I am not pretending that I have any great insight or that I am doing anything different (although I am trying). I’m simply pointing out the gap between the rhetoric and the actions. We would be much better served by doing something practical and focused toward helping others. What? who knows – according to our own skills, for a start.
    Try focusing your efforts toward the betterment of society rather than the hoarding of money and you will have achieved a REAL change of view, one that will make the NWO, if they exist, sh*t themselves. There are plenty of examples – THAT’s my solution.

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