Steve Netwriter

I'd say it is nice to see that people start realizing that $1,000 is just a price like any other (e.g. $834). It's NOT either off to the moon or "all bets are off". IMO, people should get a grip.

It is, but for right or wrong it does have a huge psychological effect.

That's why everything I buy is xx.99

For gold that 1 dollar change makes it look much higher.

After a while people will get used to thinking in four digit prices.

WJ, some here trade gold as if it was Google or Enron (i.e. on "technical" grounds). Others accumulate steadily and don't worry much about the daily/monthly fluctuations (the more "fundamental" approach).

 

I am in the latter group. This is why I started the gold threads here on GEI (coming from HPC, where I "worked" on the original "super"-thread).

 

My stand is that this is the biggest financial crisis ever (in the history of mankind at least) and that we only just got started (2 years ago). As my main indicators when I will sell gold I use the house:gold index and the Dow:gold index (check out the charts linked to in my signature). The reason is that these are real things measured against other real things, and the things I might want to buy from my gold (and silver) in the end might be stocks and property.

 

We are far from lows in houses:gold or stocks:gold. So, I continue to accumulate precious metals in their physical(!) form.

 

EDIT: See also my thread over at GIM for some more technical considerations: http://goldismoney.info/forums/showthread.php?t=195370

 

DrBubb: I somehow thought you only had 1 oz of (physical!?) gold?

+10

http://www.safehaven.com/article-14325.htm

It had not occurred to me until I listened to Don Coxe today.

He hates "safe haven".

As he says, it should just be "haven". (that's what a haven is...safe !)

I wonder whether he can bring himself to look at that website

 

From past experience there is indeed a link between Steve's rockets and knock downs.

 

Superstition: no; A signal that bigger players are about to be taking profits: maybe

:lol:

I love it

The power of Steve :lol:

Nice work Steve

Since I'm banned from using rxxxxxs, I had to come up with something to mark the event

Swan dive? No comprende!

I was watching the US$JPY on 1 minute.

Jump up, and perfect dive down.

My score. 10/10

Waiting at airport for flight to Madagascar - $1000. Happy days. False breakout and soon to pop back down? Or is this the 'real deal' with a short-squeeze on up into $1200s?

IMO watch the currencies. Looking VERY good so far.

PS Wish I could do a perfect swan dive like that

That sounds odd given your deflation stance!. Gold sold off on fears of deflation last year along with equities but real deflation hasn't happened because the banks were saved, base rates were cut to virtually nothing and governments printed money.

 

So gold and equities recovered once the deflation scare passed but I don't think it's gone away - I see the economy bouncing back into the middle of next year taking equities, house prices and possibly gold to higher prices from where the problems begin again.

 

I think equities could be in a bull market until mid-2010 after which they enter a bear market that lasts until spring 2013 - this I feel is when and where we finally get real deflation (at least in the US) with 2011 and 2012 being the worst years.

 

But how is gold going to perform in such a scenario?. If gold is not money (ie, money has no backing with gold) then won't it perform the same way that it did last year and go well below 900 as everyone sells stocks to raise cash which causes the dollar to strengthen?

NO.

You waiting on the button as well

Paper Currencies Continue to Decline

Gold Hits $1000 again (GoldUS$ = 1000)

http://www.greenenergyinvestors.com/index....ic=7627&hl=

:D

Thanks for checking. Must be something at my end.

 

I just noticed there is a nice full moon out tonight. Clouds rushing across the sky and the moon as it's very windy today.

 

Anybody think this can affect the markets?

 

The moon, not the wind.

I think the wind has more effect. Can make people mad. Just check out the number of times the market falls when it's windy.

(not to be taken too seriously )

nice video here:

 

http://www.gracelandupdates.com/video/ucrisis3/ucrisis3.html

 

INO energy ball also mentioned Jesse!

 

We all live in interesting times! Got gold?

Fascinating video. Entertaining as well. "Knock knock"

A few points from me:

1. He lost me past the "buy gold". What's this "selling gold" idea? I don't get that

2. More seriously, just imagine what would happen if all gold traders followed his advice to sell on rises and buy on falls

I thought you said "enjoyed and rejected" your posts

 

It's my birthday for 11 more hours. Already I've seen gold go up to $996 and the return of Pluto and Cgnao, could it get any better?

Happy Birthday.

Switch to UK time at 12pm, and enjoy for a little longer

There is nothing magic about the 1000 line. Gold could easily breeze through it and fall below it again. Good to see the fanciful figures of 10000... 50000 are being dropped and the more reasonable ones of 1400... 2000 being envisaged.

 

imo these prices will be reached within a couple of years as capital flows from weakened currencies into gold. The price will remain meaningful because the weakened currencies will remain valuable to newly impoverished consumers. This is the inexorable logic of deflation.

History suggests they are not fanciful. Just difficult to comprehend before they happen.

From:

The other side:

Green Day ''21st Century Breakdown'' (CD VERSION) - Lyrics

http://www.youtube.com/watch?v=7PcyQe3gmuw

Born into Nixon, I was raised in Hell.

A welfare child where the teamsters dwelled.

The last one born and the first one to run.

My town was blind from Refinery sun.

 

My generation is zero.

I never made it as a working class hero.

 

21st century breakdown.

I once was lost but never was found.

I think I'm losing what's left of my mind.

To the 20th century deadline.

 

I was made of poison and blood.

Condemnation is what I understood.

Videogames to the Tower's fall.

Homeland Security could kill us all.

 

My generation is zero.

I never made it as a working class hero.

 

21st century breakdown.

I once was lost but never was found.

I think I'm losing what's left of my mind.

To the 20th century deadline.

 

We are the cries of the Class of 13.

Born in the Era of Humility.

We are the desperate in the decline.

Raised by the bastards of 1969.

 

My name is no one.

The long lost son.

Born of the 4th of July.

 

Raised in an era of heroes and cons.

That left me for dead or alive.

 

I am a nation.

A worker of pride.

My debt to the Status Quo.

 

The scars on my hands.

And the means to an end.

Is all that I have to show.

 

I swallowed my pride.

And I choked on my faith.

I've given my heart and my soul.

I've broken my fingers.

And lied through my teeth.

The Pillar of damage control.

 

I've been to the edge.

And I've thrown the bouquet.

Of flowers left over the grave.

 

I sat in the waiting room.

Wasting my time.

And waiting for judgement day.

 

I praise Liberty.

The "Freedom to obey".

Is the song that strangles me.

Well don't cross the line.

 

Oh dream, America dream.

I can't even sleep.

From the lights early dawn.

Oh scream, America scream.

Believe what you see.

From heroes and cons?

Since I'm not allowed the "unmentionables"...

Swing Out Sister - Breakout (1986) ►STEREO

http://www.youtube.com/watch?v=Q99GdBdX4u4

Very interesting, thanks for posting.

 

Btw, is it just me, or do other people also assume everything they hear in an Australian accent is a wind-up?

I find the Kiwi accent quite amusing sometimes (no offence).

A serious news item could go like this:

"He was found did on his dick" (dead on his deck).

But today I had to laugh when a lady said "this is up for auction. It was signed by Michael Jackson before his death".

Before :lol:

After would presumably fetch more

I'm going to repeat this post from DoctorSolar near the end of the last thread

Hey guys, could anyone provide me with links to the threads where PM ETFs get discussed, i.e. why you shouldn't really invest with them?

 

Cheers.

Hi, GF I know you know all this already but for anyone new to this the following clip highlights all the dangers. No one in their right mind would consider these ETFs or futures an investment in gold or silver. Buy physical ONLY or shares in good mining companies.

From:

Dr Vince Hooper from the Australian School of Business at the Univ of NSW warns that a second economic shock wave is on its way

Listen here:

http://mpegmedia.abc.net.au/rn/podcast/200...090829_0732.mp3

Dr Vince Hooper from the Australian School of Business at the University of NSW warns that a second economic shock wave is on its way.

 

And this time it will emanate from Europe.

A little reminder why some people feel holding some gold is a good idea.

Also:

http://www.abc.net.au/pm/content/2008/s2662249.htm

Please use the next thread

http://www.greenenergyinvestors.com/index.php?showtopic=7588

A brilliant way to start the thread for September (thanks Diet Cola Addict)

End of last thread is here:

http://www.greenenergyinvestors.com/index....st&p=124415

Did someone say $1400 ?

I agree GF.

Awesome thread. Many thanks.

Hi d2thdr, glad you liked it

You got me reading it again

Quite amazing how much stuff I've forgotten that I've written on this thread

Interesting to see if it stands the test of time.

It got a mention a few weeks ago

 

http://www.greenenergyinvestors.com/index....mp;#entry119435

Thanks

It's still running:

China Is About to Buy a lot More Silver...

By Matt Badiali, editor, the S&A Resource Report

Thursday, August 20, 2009

http://www.dailywealth.com/archive/2009/aug/2009_aug_20.asp

Not sure if this got posted...

 

China has introduced its first-ever investment opportunity for silver bullion. The bars are available in 500 grams, 1 kilogram, 2 kilograms and 5 kilograms with a purity of 99.9 percent.

 

Have I missed the replies to this ?!

If there are none, I am amazed.

This is a HUGE story.

Is it just me, or does anyone else here think these fellas are just a bit . . . dopey?

From what I have read the so called "world gold council" far from what you might be led to believe are not the friend of the goldbug.

They are on a par with Jon Nadler.

IMO take what they say with a large pinch of salt.