kernull

listen to this from minute 4:00 to 10:00:

http://www.tfnn.com/tog/TOG061208.mp3

he says the Irish will decide the price of currencies, gold and oil tomorrow. Looks like a BOMB!

I was searching on my forex calendars and cant see any event firday afternoon. Where can I get analysis about this? Nobody talks about this in any place. Anyone can comment on the subject? I want to estimate the impact of this in pips, and specialy how low or high gold can go.

Thanks!

Again interesting, if we break back above $864 and hold to the close there's the possibility of a bear trap and rally.

 

Very dangerous to be short here. Very stupid as well, the risk/reward is monumental.

I am in.

If oil passes 139.50 gold & silver probably to jump fast.

Moneyweek $8500 gold?, bonds in a bubble.

 

Link

 

EDIT: oops should read who wrote that...

more and more people are calling for multiple thousand gold, heres one from dailywealth I received today

20,000 gold:

http://www.dailywealth.com/archive/2008/jun/2008_jun_11.asp

since the last year, the highest top i seen announced for oil was 1,000 and for gold 50,000 , there seem to be no top to hard assets

Asia shows signs of liking precious metals and dumping dollar. Expecting them to cross 900 line for tomorrow. Silver thrown on the floor, good pick.

my count is to add another gold position when oil touches 135.50

that would be , 890 in gold? something like that.

this should happen the help of london for sure.

does someone know when bernanke will decide on interest rates? I heard it will be in june, but cant find when exactly

I've just gone long gold @865, and am now watching the price bounce around. Decided on that figure from approximately six months fairly amateurish observations (from myself), and chucking my hat in with Big Jim (sinclair), who called it as the low (second week of may or similar). Which if correct is rather impressive and also somewhat worrying (in that someone can get it that spot on), well here's hoping anyway.

me too. gold is thrown on the floor and nobody wants it. even shorting is miserable. just keep stop in profits and thats it

Regarding Gold : are you all BULLISH?

Is there anybody here who is bearish about it.

 

I am thinking of melting my "metalwork of arts" and selling the metal.

I am bullish. I see a an increasing slow (but stable) pattern in my charts,

oil is going to stay at 120 for a while, not much room for gold to go down as it became oil-resistant lately

Seems Bernanke speek can still unfluence the USD.

and what is amazing, is that it goes to the wrong side on bad news

Not quite sure about this. The 70s saw the oil (=energy) crisis. What did food stuff do back then? No inflation in food during the 70s?

I mean, there there were a lot of oil and it was cheap. The rising prices in oil and food during 70s were due to inflation only, now they are rising because of oil depletion. I agree that "now is different" is not likely, but only for inflation factor, not the oil depletion.

EDIT: With WTI crude oil at $129, gold could be at $1,900 without being more expensive than historical average since 1946.

you guys forget one thing. In the 1970s we didn't had food crisis , now we have one. and energy crisis. if in 1970s gold was competing only agaisnt inflation problem, today it competes against inflation, energy and agriculture.

1900 * 66% = 1,254/oz

Then he makes a specious argument that you are better getting Index calls. Yes, we all know that you can make a pile through leveraging.... if it was that cut and dried everyone would be doing it. He forgets that there is a little word "if" and within that little word there is implied the concept of RISK. And oh, how many discover that too late!

If you take an assumption that US is the only country on the planet, the risk for GOLD is the increase in interest rates. And if GOLD/DOW ratio is used to measure gold performance I think DOW may be some kind of substitution for gold as investment. But given global gold trading and coming deflation in the US this does not apply i believe. This is very simple, with no earnings , how much would stock market worth ?? Even not as a toilet paper when electronically traded.

History confirms it. Take a look at this beautiful hyperinflation in Germany and their relation to the US.

http://www.nowandfutures.com/us_weimar.html

November 14, 1923: "The value of the Daimler company was about $980 million and a car cost $3 million - the whole company was only worth 327 of its cars."

check this too:

"Suicides went up 30%"

"A bite to eat"

What if this happens again?

I was reading and kinda liked his stuff, but when I found this:

"There are also a number of people who believe, despite all the evidence above, that the government (or "The Fed") will "hyperinflate" to "save the economy" (or at least try.)"

What evidence ??? Dollar lost 40% of its value. The M3 is not longer reported. GDP is going to 0 . Bubble in tech, the bubble in housing, then bubbles in China, bubbles in India, bubbles in England, "bubble" in commodities.... this is US dollar bubble echoed all over the world. How can he not see this??? Also, what is tax on appreciation? I don't know what is this and don't want to. I think main error of this guy is that it focuses only on US as it would be the only country in the world, actually thousands of analysts make this mistake.