G0ldfinger

I totally disagree with you on that one. Indeed, if we come to a point where one working person has to support 2-3 pensioners, there will be a problem. The problem can not be solved by starving the working population, so you have to starve the pensioneers while your hyperinflating the currency to at least through the backdoor increase taxes (especially in the US). So, yes, all Western countries have this problem, which is why all their economies and all their currencies are basically doomed. The currencies more than the economies IMO. Speaking of bogus argument or bogeyman totally misses the point. It's time to face these problems without illusions. Seems your not yet ready for it. My advice: Get some gold, before the pensioners get it.

Cheers. I'lll read it tomorrow.

With $60tn in unfunded liabilities, I can't be too worried.

I read about it before. Everyone on GIM is crying their eyes out because no one is selling silver anymore.

I have to admit, I pretty much don't believe in TA anyway. But every now and then it seems to work. Superstition, everywhere!

Silver. Very naughty!

Here is a naive thought: 1971-1974: gold goes x6 and then /2. --> Result at interim bottom: x6/2 = x3 1999-2008: gold goes x4 and then x3/4. --> Result at interim bottom: x4x3/4 = x3. The bottom could therefore be $250x3 = $750. EDIT: The rise now has been more sustained/slower, therefore maybe also less volatile/deep correction. End result however is the same.

Another very good post: http://goldismoney.info/forums/showpost.ph...postcount=16380

http://goldismoney.info/forums/showthread....555#post1239555 Couldn't agree more. This things needs time.

You have the greatest pull-back since $1,000, and you still would not start buying at these levels? When WOULD you buy? $700, $600, or $500? The market not always moves in the direction the forwards predict.

I am sure the price will fall further. Clearly no demand here.

It looks like the 70s all over again, only much worse. No one wants deflation, especially not Bernanke. I have just posted about the collapsing tax income by the UK and the US. What do you think they will do? Decrease their national debt? Pay it back at a higher rate? Or, maybe, but just maybe, exactly the opposite? My bets are placed. Regarding some people's upset about the price swings, I wonder how they will do when gold plunges from $2,000 back to below $1,500, before it moves on to take out $3,000. My guess is, they won't be in this market anymore. And this is exactly what Jim Puplava tells everyone: if you can't stomach it, and if you're not enough convinced by the fundamentals, then put your money into a savings account. The fundamentals couldn't be any clearer than they are now.

Sure, and it also works the other way around. Have you realized how over the last year gas prices went down because the price of oil went up? Errh, uh, oh, wait ... mmmh, no, I think I really have to think about this again!

STC, old friend, at least one person here knows me. So, yes, sorry, I will worry very much about deflation as soon as I will have been able to cope with inflation (ooops, I said the word, INflation, INdeed). 35% here, 20% there, it seems to add up.

I am very worried about deflation too. Unfortunately, I have not so much time to spend on it, since I am busy working more so that I can keep up with the price increase by 35% from British Gas and the increased food prices, lunch has gotten 15-20% more expensive too recently. But yes, other than that, extremely worried about deflation.

http://www.bloomberg.com/apps/news?pid=206...&refer=home This will let UK and US budget deficits explode. The USD and GBP are now terminally ill.

Isn't it funny that GIM AND USAGold are dead since yesterday night/this morning?

OK, this looks like $750 and below today (just touched $775). The bullion banks ('Cartel') smell the blood now. Could become ugly. If anything, it's a time to buy, that's for sure. The question is, WHEN exactly? :lol:

I would say no, because the coiling pattern was so extreme too. But then, what do I know, really? My take is: (1) The fundamentals are better than ever. (2) I can buy silver at a less than 2/3 from the most recent top. (3) Is it worth to wait and see whether I can buy it 50% off the top? Maybe not!

If silver goes single digit, I will consider this. Calls might be the safer choice, though. Well, maybe it's going to be $11.XY then. Today I will buy some coins. I would only not do it if the downward momentum becomes really amazing.

I see a possibility that I will be buying silver at $12.XY tomorrow. Good night for now.

I more and more think that what we see is the psychological preparation of the markets (carried out by the PPT and global central bank collusion) for the strike on Iran.

I am soo going to buy silver tomorrow! I mean what is this? Is it Christmas already?

There is a discrepancy between USAGold and Kitco at the moment. The Kitco charts are still >800 and >14. In doubt, I trust USAGold more.

http://www.bloomberg.com/apps/news?pid=206...&refer=home Consumer Prices in U.S. Rise at Fastest Pace in 17 Years on Energy, Food Inflation two times higher than forecasted. Gold drops. Of course. :lol: