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FWIW

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Everything posted by FWIW

  1. FWIW

    GOLD

    http://jsmineset.com/2009/11/11/the-battle-at-the-bridge/ The Battle At The Bridge Posted: Nov 11 2009 By: Jim Sinclair Post Edited: November 11, 2009 at 2:21 pm Filed under: General Editorial Dear CIGAs, The currency intervention, both real and oral, is a waste of time as the euro will trade well above the $1.50 level. This is not because it is worth it but it is another inverse to the US dollar which is headed considerably lower. The mistake that governments always makes in its assumed omnipotence is that intervention, certainly at a key number like $1.50, is that when the market realizes it is over moving momentum goes ballistic on the upside. That renders all the talk, skewed figures and wasted intervention money as not only useless but contra-productive. In a floating system governments should know they cannot not enforce currency parity rates. Parity rates are fixed currency highs and lows from the Bretton Woods days. All talking heads on this subject were gleams in the eyes of their parents back then, not even in diapers, but do claim expertise.
  2. FWIW

    SILVER

    I can always edit it out - just think twice before you post. thanks!
  3. FWIW

    SILVER

    There is no need for that language here. If you have to resort to that type of language to defend yourself, then you have already 'lost'.
  4. FWIW

    GOLD

    From: Fiat game gonna be flipped upside down.
  5. FWIW

    GOLD

    I must say that rubber duck video was excellent!
  6. FWIW

    GOLD

    Pierre Lassonde on Bloomberg right now! Basically he said gold is in a bull market and has 4-9 years left to run, he also said that gold production is flat and will be for at least 4 years or so. Not a great interview as was very rushed. Bloomberg seemed to want to get onto the next segment which was all about Call of Duty 4... I'm sure it's a great game, but FFS!
  7. FWIW

    GOLD

    Have you got a list of these miners that did this? They are very smart and I would use that info as a selection criteria!
  8. FWIW

    GOLD

    I'm glad that someone understands me! Remember there is lots of gold in the oceans (and I don't just mean treasure!)
  9. FWIW

    GOLD

    The production cost of gold is not something that I spend a lot of time thinking about. The market price is what concerns me. If a gold producer wants to spend effort, time and money on finding and digging up gold only to keep it in a warehouse so that he can sell it later, then that is up to them. If they pay their employees in newly minted fiat money from the government so that they can both keep this jig going, then they all deserve whats coming to them. Edit to add: entwine what Bubb says here to get a fuller picture of malinvestment: http://www.greenenergyinvestors.com/index....st&p=139845
  10. FWIW

    GOLD

    I think the commercials think that a gold making machine is just around the corner...if they only hang on a bit longer...I'm sure the hadron collider will be able to produce a spec of au.
  11. FWIW

    GOLD

    http://www.myiris.com/newsCentre/storyShow...;secID=livenews There seems to be no stopping for gold prices, due to weak dollar as it hovered near last week`s lifetime high above USD 1,100 after a weaker-than-expected US unemployment rate revived worries about the health of the global economy, reports Economic Times. Gold has gained as much as 25.2% in 2009, driven by persistent weakness in the US currency. Cash gold added USD 3.95 an ounce to USD 1,100.25 an ounce by 0306 GMT, having hit an intraday high of USD 1,100.40 - within striking distance of Friday`s record high of USD 1,100.90. US gold futures for December delivery rose USD 5.0 an ounce to USD 1,100.7 an ounce after striking a record of USD 1,101.90 last week. Japan`s foreign reserves rose to a record high for the third straight month in October partly as rising gold prices inflated the value of its gold holdings. Meanwhile, the International Monetary Fund (IMF) signaled that record low US interest rates are funding global carry trades and the dollar is still overvalued as concerns mount that new financial imbalances are forming. US government figures released on Friday showed that the nation`s unemployment rate topped 10.2% in October, lifting expectations that the Fed will keep interest rates near zero well into next year, and thus pressuring the dollar. The world`s largest gold-backed exchange-traded fund, SPDR Gold Trust, said its holdings stood at 1,108.344 tons as of Nov 6, unchanged from the previous business day. Noncommercial net long US gold futures positions fell 0.2% to 241,319 lots in the week to Nov. 3 from 241,777, a weekly report by the US Commodity Futures Trading Commission showed.
  12. FWIW

    GOLD

    Nice work Bubb! Any chance you could repeat with Silver? Should be crystal clear to people that following the so called 'smart' money, without analysis such as yours, is a fools errand. However, saying that I still would not sell any physical gold/silver in this economic environment!
  13. FWIW

    GOLD

    Pixel - everyone of your posts is top dollar gold! Thanks for posting that - I seem to skip over audio interviews but I am grateful that I had a chance to listen to Pierre.
  14. FWIW

    GOLD

    Ouch my lip! I think you mean Perma Gold Bear!
  15. FWIW

    GOLD

    Maybe he doesn't know how to spell equaldistance equidistant equally spaced apart channels? Calling them Fractal in nature sounds so important! Anyway, that gold one is much better than his recent Silver one where he predicts with great gusto that Silver will be going to $2.50 an oz!!!!!
  16. FWIW

    GOLD

    Is it only me that thinks Roubini has become irrelevant? I used to read a lot of his stuff but now a days I can't even be asred to get passed the headline! I think he is nore interested in becoming a celebrity...expect him in the jungle soon!
  17. FWIW

    GOLD

    I calculate that it took 26 days of Gold Bull effort to get from $1000 to $1100. In comparison it takes the Treasury and Congress 15 days of effort to go from $250bn to $350bn. Got Gold? ref from http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program The initial $250 billion can be increased to $350 billion upon the President’s certification to Congress that such an increase is necessary. The remaining $350 billion may be released to the Treasury upon a written report to Congress from the Treasury with details of its plan for the money. Congress then has 15 days to vote to disapprove the increase before the money will be automatically released.
  18. FWIW

    GOLD

    I am not ganging up against anyone! I thank RH for answering my direct question - it helps me understand what he is saying if i understand what a certain term means (to him). RH - rather than use the derogatory term gold 'bug', would you consider using Perma Gold Bulls? I think this definition would aid respectful debate. This will be my last post on this 'bug' issue - as I say I can go back to biting my lip. Regards, fwiw
  19. FWIW

    GOLD

    I agree RH seems to use the Gold Bug label a hell of a lot. Does seem at times that the 'gold bug' phrase is thrown around as a subtle attack to put gold investors down. I usually bite my lip when I read this, but I must agree with Mr P on this particular point. RH - could you let me know your actual definition/meaning of a gold bug? Most on this site are Gold Investors. I myself am a gold bull. I don't know anyone who would call themseleves a gold bug.
  20. FWIW

    GOLD

    Sometimes I wonder: Did the British Empire really collapse? We seem to have more lives than a cat!
  21. FWIW

    GOLD

    Gold decoupled from everything else? http://club.ino.com/trading/2009/11/the-decoupling-of-gold/
  22. FWIW

    GOLD

    Good read: http://www.marketoracle.co.uk/Article14712.html The Government Will Default on Its Debts Quote: The governments of every major nation are going to default on their debts. There are two relevant questions: (1) How? (2) When? Ultimately, it is either the great depression or the Zimbabwe option. Ludwig von Mises called this the crack-up boom. It means the destruction of money and the collapse of the division of labor. It would mean devastation. I think central banks will at some point refuse to fund governments any longer. They will bail out the largest banks instead. Foreign politicians may force hyperinflation on their central banks, as agents of the government. But as long as the Federal Reserve System maintains its selective independence, it will not adopt hyperinflation as a policy. That would not be in the interest of the largest banks. It would also not be in the interest of central bankers. Their retirement promises would die.
  23. FWIW

    GOLD

    You Sir, are a true gent! I thank you, my family thanks you and my local BMW garage thanks you!
  24. FWIW

    GOLD

    http://www.marketoracle.co.uk/Article14692.html
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