electroweak Posted October 8, 2009 Report Share Posted October 8, 2009 Indeed. Guess..... and then hedge. Totally agree. It does anger me that essentially political decisions move the goalposts for investors so much these days. I am firmly in the "Government realises it needs inflation and will create it over deflation anyday" camp. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 8, 2009 Author Report Share Posted October 8, 2009 Indeed. Guess..... and then hedge. But not with Over-The-Counter derivatives, please. Maybe you mean diversify. Link to comment Share on other sites More sharing options...
romans holiday Posted October 8, 2009 Report Share Posted October 8, 2009 But not with Over-The-Counter derivatives, please. Maybe you mean diversify. The mathematical geniuses who devised all these instruments for "managing risk" never grappled with uncertainty. In their conceit, they thought they could measure "risk" and thereby control it, manage it, with these financial instruments. What a tangled web they wove. In systematizing the risk, they didn't bother to look beyond the mathematical model, or stop to consider that the whole system itself, in the real world, was thereby put at risk. Ship of fools I say. Ummm, so yes, diversity it is.... in currencies. But the currencies chosen need to hedge each-other. The action in silver pretty much covers the commodity currencies and the inflation/ reflation trade while Yen, and dare I say it, the dollar covers deleveraging. Gold goes without saying of course as the bastion of stability. Link to comment Share on other sites More sharing options...
fitkid Posted October 8, 2009 Report Share Posted October 8, 2009 The mathematical geniuses who devised all these instruments for "managing risk" never grappled with uncertainty. In their conceit, they thought they could measure "risk" and thereby control it, manage it, with these financial instruments. What a tangled web they wove. In systematizing the risk, they didn't bother to look beyond the mathematical model, or stop to consider that the whole system itself, in the real world, was thereby put at risk. Ship of fools I say.Ummm, so yes, diversity it is.... in currencies. But the currencies chosen need to hedge each-other. The action in silver pretty much covers the commodity currencies and the inflation/ reflation trade while Yen, and dare I say it, the dollar covers deleveraging. Gold goes without saying of course as the bastion of stability. A calculated PONZI scheme in my opinion. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 8, 2009 Author Report Share Posted October 8, 2009 A calculated PONZI scheme in my opinion. Ah, fitkid, so you're still around. Link to comment Share on other sites More sharing options...
fitkid Posted October 8, 2009 Report Share Posted October 8, 2009 ok, fair point, (perhaps i could have worded that better) but it was meant as an overall 'I can see what's happening' pov, not that I am special. Remember though I have NO economic or financial training at all. Gom i think you do yourself a total injustice saying that.It is because of the fact that you are not formally trained that allows you the clear vision that you have.Whilst all the techies are scratching their heads looking into their charts asking themselves how the hell did that just happen you used common sense and a clear understanding, of the fundamentals. well done Link to comment Share on other sites More sharing options...
fitkid Posted October 8, 2009 Report Share Posted October 8, 2009 That is the big question anyone thinking of taking profit should be asking themselves, sell gold in exchange for what? IMO we are just getting started. +1 buckle your seat belts and enjoy the ride. Link to comment Share on other sites More sharing options...
FWIW Posted October 8, 2009 Report Share Posted October 8, 2009 Ah, fitkid, so you're still around. pheww - was worried that fitkid had gotten expelled too. School would never have been the same! Link to comment Share on other sites More sharing options...
fitkid Posted October 8, 2009 Report Share Posted October 8, 2009 At a party? No. But here? Yes. This isnt the end of the road, but kit could be the prelude to a correction. I continue to lighten up Link to comment Share on other sites More sharing options...
fitkid Posted October 8, 2009 Report Share Posted October 8, 2009 pheww - was worried that fitkid had gotten expelled too. School would never have been the same! Have i missed something has someone been shown the exit? Link to comment Share on other sites More sharing options...
marmite Posted October 8, 2009 Report Share Posted October 8, 2009 Gom i think you do yourself a total injustice saying that.It is because of the fact that you are not formally trained that allows you the clear vision that you have.Whilst all the techies are scratching their heads looking into their charts asking themselves how the hell did that just happen you used common sense and a clear understanding, of the fundamentals. well done This can be a very valid point, lack of formal training ( conditioning ) really lets the mind think freely. Link to comment Share on other sites More sharing options...
FWIW Posted October 8, 2009 Report Share Posted October 8, 2009 Have i missed something has someone been shown the exit? Yeah - Swampy been shown the door. Link to comment Share on other sites More sharing options...
FWIW Posted October 8, 2009 Report Share Posted October 8, 2009 This can be a very valid point, lack of formal training ( conditioning ) really lets the mind think freely. Very true - Also, I think the opposite has been happening in Financial Services for years. You see in the reall world when we count sugar cubes, we count them honestly. In the fiat world, the sugar cube is crumbled a little, formed back into a smaller cube, then the crumbly bits are compacted into a cube, and then recounted as a bigger number. Same amount of sugar, but more cubes. That keeps the acountants scratching their heads as to why their figures in Excel don't add up. 1+1=2 doesn't it? Computers don't make mistakes.. This is another reason why the common man gets screwed over by the financial elite. The only way we can fight back is via gold. That is a lot harder to crumble up and doesn't grow in fields. Link to comment Share on other sites More sharing options...
FWIW Posted October 8, 2009 Report Share Posted October 8, 2009 Well something strange happend to the gold price there...on my alpari account. Link to comment Share on other sites More sharing options...
fitkid Posted October 8, 2009 Report Share Posted October 8, 2009 This can be a very valid point, lack of formal training ( conditioning ) really lets the mind think freely. Absolutely Indoctrination reinforced into their professional training that creates an arrogance, that is needed to be seen to be believed,this is across all professional disciplines that the system so conveniently creates.I have very rarely been fortunate enough to meet FREE THINKING ,OPEN MINDED people from these areas. "YOUR MIND IS LIKE A PARACHUTE IT IS ONLY OF ANY USE IF IT IS OPEN" Anthony J. D΄Angelo Link to comment Share on other sites More sharing options...
fitkid Posted October 8, 2009 Report Share Posted October 8, 2009 Very true - Also, I think the opposite has been happening in Financial Services for years. You see in the reall world when we count sugar cubes, we count them honestly. In the fiat world, the sugar cube is crumbled a little, formed back into a smaller cube, then the crumbly bits are compacted into a cube, and then recounted as a bigger number. Same amount of sugar, but more cubes. That keeps the acountants scratching their heads as to why their figures in Excel don't add up. 1+1=2 doesn't it? Computers don't make mistakes.. This is another reason why the common man gets screwed over by the financial elite. The only way we can fight back is via gold. That is a lot harder to crumble up and doesn't grow in fields. Absolutely spot on "HONEST MONEY" Link to comment Share on other sites More sharing options...
fitkid Posted October 8, 2009 Report Share Posted October 8, 2009 Yeah - Swampy been shown the door. THAT IS RIDICULOUS !!!HE BROUGHT ALOT MORE TO THE TABLE THAN MOST. Where are the posts relating to him being booted to be found?? Link to comment Share on other sites More sharing options...
FWIW Posted October 8, 2009 Report Share Posted October 8, 2009 THAT IS RIDICULOUS !!!HE BROUGHT ALOT MORE TO THE TABLE THAN MOST. Where are the posts relating to him being booted to be found?? Here is the link fitkid. http://www.greenenergyinvestors.com/index....st&p=131945 Please keep calm and things will sort themselves out. I too am disapointed that swampy has gone again...but he did push it! Link to comment Share on other sites More sharing options...
marmite Posted October 8, 2009 Report Share Posted October 8, 2009 1059.65 Strong demand in the NY morning session, this really is a change of pattern. Link to comment Share on other sites More sharing options...
grumpy-old-man Posted October 8, 2009 Report Share Posted October 8, 2009 THAT IS RIDICULOUS !!!HE BROUGHT ALOT MORE TO THE TABLE THAN MOST. Where are the posts relating to him being booted to be found?? they have been deleted. Link to comment Share on other sites More sharing options...
grumpy-old-man Posted October 8, 2009 Report Share Posted October 8, 2009 1059.65 Strong demand in the NY morning session, this really is a change of pattern. people have been saying that the "TA only" guys will get caught with their pants down. Link to comment Share on other sites More sharing options...
electroweak Posted October 8, 2009 Report Share Posted October 8, 2009 1059.65 Strong demand in the NY morning session, this really is a change of pattern. Maybe this was a failed COMEX takedown today. Whoever the buyer is, they have been underestimated by TPTB, I think. Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 8, 2009 Author Report Share Posted October 8, 2009 Maybe this was a failed COMEX takedown today. Whoever the buyer is, they have been underestimated by TPTB, I think. If you want to understand the situation in gold, read this little article. Somali pirates = gold Cartel, commercial shorts French marine = China, physical buyers http://www.wect.com/Global/story.asp?S=11271385 Somali pirates attack French military vessel Posted: Oct 07, 2009 12:27 PM Updated: Oct 07, 2009 2:47 PM ... PARIS (AP) - Somali pirates in two skiffs fired on a French navy vessel early Wednesday after apparently mistaking it for a commercial boat, the French military said. The French ship gave chase and captured five suspected pirates. ... "They understood their mistake too late," Prazuck said. Link to comment Share on other sites More sharing options...
TrueNorth Posted October 8, 2009 Report Share Posted October 8, 2009 1060. I really didn't expect this this quickly. I mean, sans blantant geopolitical chaos. Link to comment Share on other sites More sharing options...
d2thdr Posted October 8, 2009 Report Share Posted October 8, 2009 That is the big question anyone thinking of taking profit should be asking themselves, sell gold in exchange for what? IMO we are just getting started. Could anyone post a graph or information about inflation adjusted current gold price ? Thank you in anticipation. Link to comment Share on other sites More sharing options...
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