carbon junkie

Point & Figure chart for gold shows a double top breakout with a bullish target of $1770

 

Never really got those charts but reassuring to know as thats about my take.

Anywhere near 1700 and I am out of all my trading positions not core holdings though.

Cheers for that, its put a smile on my face.

We'll see.... but if you extrapolate the current trend it only gets to 1300 odd by January. You would have to see some special fireworks to get to 1650.... but then there are better than even odds at the moment of double dip deleveraging... just to keep things interesting.

Gold Dow Jones ratio is your friend, especially if you are long one and short the other

[neither has gold gone parabolic towards the 1650 that Sinclair was betting on for January next year]

How can you call a prediction wrong when the timescale hasn't been met?

I would say his timing is looking bang on at the mo.

Stellar peformance in gold, but silver is shouting LIQUIDITY! very loudly its got to be a warning not to be ignored.

I guess gold won't be going to the 900 "handle" then and I don't see any pied piper threads on here these days.

I hope at least some people loaded up when it was way cheaper as some of us urged.

RH, if you don't want to follow pix's charts just say why then shut the f up!

 

Why do you constantly add so much 'noise' to the forum.

 

Do you like the sound of your own voice or something?

Its just noise and drivel.

RH has infected this site by posting the same charts multiple times a day (why? what is the point?).

Its clueless ramblings.

I think many posters have just got fed up with this posters style the waffle covers up a distinct lack of knowledge.

There is no point coming here and having to wade thru this bilge just to find some common sense.

In case it escaped your attention, Iraq is now part of america

:lol:

You do come out with some classics, but sadly I know you actually believe it.

Iraq is a sovereign nation - fact.

Central banks hold gold because they believe it to be money - fact.

I can't believe some of the stuff you come out with it simply defies belief it really does make me wonder.

Mmmm.......

Most of us dont see gold as money.

Central banks see gold as money, if you can't see that then it is because you don't want to.

Machine guns, tinned food and a log cabin in the hills ?

Which is precisely why they will print like crazy, this action now is the markets asking for more printy.

Anyone think we won't see another bailout?

Anyone think the politicos in Washington are going to watch their power dribble away?

Not a chance, I'll bet Ben and Timmy are arm twisting and scaring the numpties on capitol hill as we speak.

I await the politicians response with trepidation.

I think Prechter is right.

Prechter is a fool if he thinks the Dow at 1,000 or anywhere near is possible.

He is nuts the whole system would implode everyone would be bankrupt pension funds, insurance companies, banks govts etc.

Guess what would be the only thing worth holding in that scenario - it has no liabilities has been used as currency for 99.99% of the last five thousand years.

Its a paper bubble not a gold bubble, everyone is using paper promises, when everyone is using and talking about gold then I'll concede it is a bubble.

If Prechter thinks he can just swan in and buy physical gold at $300 an oz he is delusional.

He is one stopped clock who will never be right.

The physical and paper gold and silver markets are disconnecting big time right now physical gold is in strong hands that is how bull markets work.

Even Goldfinger is short of money.

I think goldfinger has lots of money he probably just doesn't want to swap it for paper its called a strong hand.

The Indian Central Bank has a need for Gold they bought some.

To say nobody has a need for gold is crazy there is a market, its value now is higher than say six months ago its value is way higher than five or ten years ago.

Gold is one of the few things that has reached a nominal high since the start of the crisis.

Make a sensible point or ignore the facts its up to you!

Predictions of exponential growth always makes me feel uncomfortable. Positive feedback loops are inherently unstable and nature abhors instability and always seems to self-correct at the blow-out phase.

 

I think the graph to be found on Page 35 here: Unexpected Behaviors in Higher- more accurately represents real world systems.

 

Graph of Sustained Oscillations

 

Sorry, I cannot copy it to here - don't know how to.

 

.

LOL money printing isn't part of nature - politicians and central bankers can make anything go exponential.

I think GF handled that thread fairly tbh, all things considered. (& no I definetly haven't taken a pay off )

Its not GF who I have an issue with (apart from putting the idea into I have a big stick and I am going to use it - moderators head)

will the pog go below that Indian floor though, that's the question.

I am not worried in the slightest though. If you have put the relevant homework in, hold only physical then you understand the final outcome ??(or pretty much)

I just average in if the price is high I buy less than my quota if the price is low I buy more!

Saves trying to be a clever clogs picking up dimes in front of a steamroller.

Personally I like the miners you get volatility on steroids it's great fun and when this baby finally blows its gonna be spectacular.

This today is still just noise.

edit - sorry I had to put this in the gold thread but the relevant post is now locked.

Wow, there is some tasty language on that thread GOM AND NOBODY GOT BANNED!!!!!!

Amazing, it leaves me even more gobsmacked that Romans Holiday banned me but has put up with some of those posts.

DOUBLE STANDARDS AHOY!!

What a shambles the moderating has become it is turning into a bit of a joke.

Back on topic just going to buy some more gold. The sales are on! Pound cost averagingand all that.

sack that.

I like my slaves.

Let's hope they like you when they find out.

Debt is slavery sounds fairly religious

 

Debt can be very empowering if it means you have at your disposal the power of your lifes work right now in front of you to do work far faster than you ever could without debt

 

It is an opportunity or a curse.

You are confusing debt with savings.

Why do people have to be in debt??

Because people who use credit will always outbid those who don't, until those who don't use credit are unable to access certain products services or assets unless they too use credit.

"Debt is slavery of the free"

If you want to run your own buisiness then do it.

I have been for over a decade

It is not possible to have things for nothing though.

Correct, which is why I didn't say it

Nah. Most doctors can't think outside the box.

 

Nick

Most of them can't even think inside the box IMO.

And it never occurred to you that house prices crashing was a good thing for the future?

Nah, you've got completely the wrong end of the stick, I believe house prices should be much much lower it's the people I was telling with a VI for high house prices who thought I was a pessimist.

Imagine what kind of life we could all have if we didn't have to pay bankers rent to live on our island we could all start small businesses spend more time with our family.

What a pessimistic fellow you are.

you sound like Malthus.

That is often the charge used against realists.

I got a similar response when I suggested house prices were going to crash a few years back.

Water off a ducks back.

I still cant work out if people who think we are going back to gold standards are genuine or if they work for the gold miners and and other industry folk who benefit from raising the profile of gold

 

Why would any group of people capable of controlling the world revert back to a gold standard???

 

If people want sound money and they control the world they can just raise interest rates.

Nice try at infering I am and others are trolls.

Fact is I personally have never advocated a gold standard I'm not even a gold bug but rather a father with two small children and a worry about the resources they will be left with and the debts they will be left with.

Paper claims on the future have brought forward consumption and have wasted vast resources on the misalocation of capital that my children will have to deal with.

A sound money system could be created from fiat money if there was total transparency and adequate laws but as history shows us no politicians can be trusted and the popularity contest always wins out as is the nature of democracy.

We will end up with a gold standard eventually as we simply cannot trust ourselves as a society.

If only the paper printers truly understood what havoc they have brought on the future.

"The emitting of paper money is wisely prohibited to the state governments and the spirit of the prohibition ought not to be disregarded by the United States Government." As a result of this and further abuses of paper money during the time of the Articles of the Confederation, Article I, Section 10 appears in our Constitution: "No state shall ... make anything but gold and silver coin a tender in payment of debts."

 

http://www.founderspatriots.org/articles/continental.htm

 

 

Written a while back, so maybe best forgotten

Why did Congress go on printing money for so long a time rather than attempt some sort of taxation? Just as today, there was a mindset among politicians which made them want to avoid the unpleasant. One member of the Continental Congress was quoted as saying: "Do you think, gentlemen, that I will consent to load my constituents with taxes, when we can send to our printer and get a wagon load of money, one quire of which will pay for the whole?".

I think the above is exactly where we are now.

I often find the things written a while back are the best things written. Thanks.

Hopefully this article will be of interest to you:

 

The Descent of Money By Bill Bonner

 

Note: scroll half way down the linked page to get to the article

 

 

 

 

 

Conclusion...

Cheers DS nice article I particularly like the Descent of Money title as an antedote to Fergusons ascent of money which seemed a bit in awe of the fiat regime. I suspect he would have written it differently if he was writing it today as he has dsicovered his bearishness.

Granted it will end in tears, but the authorities will not give up without a fight which brings us to where we are now!!

there are a few others like me who are also interested.

 

It's the fiat holders who appear to be getting very angry imo.

 

anger stage reached.

Yes its true I have noticed on a lot of other forums a real influx of angry merchants HPC had quite an episode.

I can't believe the authorities wouldn't use the internet and its forums to their advantage I know it certainly happens extensively in the commercial world it would be almost unthinkable for the authorities not to try to subvert the anti fiat message.

I am learning more about Kondratieff waves but I don't believe we have seen the spike or crack up boom which will lead to callapse.

Very interesting none the less I am always open to debate and any new information.