d2thdr Posted September 13, 2010 Report Share Posted September 13, 2010 Host: "so people should beware and understand that this [gold] is a commodity" Tom: "absolutely"... "gold is not a safe haven its correlated with the market" Jeezus - the WORLDS number one gold timer doesn't understand that gold is money As was mentioned by someone, ' all the excellent traders are having a good time in Bahamas'. He is just another trader who thinks he knows more than everyone else. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 14, 2010 Report Share Posted September 14, 2010 Big Tommy O'Brien still holding out for 1075 USD gold http://www.cnbc.com/id/15840232?video=1588378975&play=1 3mins 20 Gold getting competition from dollar and real estate. Buy a place for 100k, mortgage of 500 dollars per month rent it out for 600. - Good luck finding solvent and reliable tennants Tommy! Also make sure you don't incur 1000k in fees and repairs or you are at zero! 4mins 20 Host: "so people should beware and understand that this [gold] is a commodity" Tom: "absolutely"... "gold is not a safe haven its correlated with the market" Jeezus - the WORLDS number one gold timer doesn't understand that gold is money Thanks for that IMO the problem is that there are two basic paradigms, one paper currency based, the other gold based. It depends on what you choose as your reference. If you think the US$ is money, and measure everything with it, IMO you are blind to certain realities. Having switched paradigm I now think I see things more clearly, and people like Tom O'Brien appear blinkered and ignorant. A lot of time and currency has gone into promoting the paperbug paradigm, so it's hardly surprising so many have been sold on it. Link to comment Share on other sites More sharing options...
grumpy-old-man Posted September 14, 2010 Report Share Posted September 14, 2010 a quick little vid: From: Link to comment Share on other sites More sharing options...
Peace Posted September 14, 2010 Report Share Posted September 14, 2010 a quick little vid: From: good one lets get the gold and silver into the hands of the little guys Link to comment Share on other sites More sharing options...
G0ldfinger Posted September 14, 2010 Author Report Share Posted September 14, 2010 Sorta DOUBLE POST Congrats to Pixel8r for this massive call back in the days! http://gold.approximity.com/gold-silver_watch.html Link to comment Share on other sites More sharing options...
romans holiday Posted September 14, 2010 Report Share Posted September 14, 2010 Sorta DOUBLE POST Congrats to Pixel8r for this massive call back in the days! http://gold.approximity.com/gold-silver_watch.html Pixel8r is a perma-bull. This isn't really a criticism as if you'd bought gold anywhere along the way in the past few years you'd have done well. But this perma-bullishness can give rise to a mixed bag when it comes to calling the market [the below chart from April]. Hey gf, I notice neither of these charts are logarithmic..... http://www.greenenergyinvestors.com/index....st&p=161369 I expect gold to continue on it's breakout of the inverse head and shoulders to a target of $1350-$1400 over the next few months. Link to comment Share on other sites More sharing options...
G0ldfinger Posted September 14, 2010 Author Report Share Posted September 14, 2010 ... octogenarian James Dines ... I will listen to this later. Anyway, I think the pictures you can find of Dines online must be from 20-25 years ago. I knew he must be older since he always tells of that dinner with Greenspan in the 1960s. Link to comment Share on other sites More sharing options...
romans holiday Posted September 14, 2010 Report Share Posted September 14, 2010 1265.... All time record I believe. No rockets necessary. Link to comment Share on other sites More sharing options...
Wanderer Posted September 14, 2010 Report Share Posted September 14, 2010 At home today. Couldn't help checking Kitco and noticing a little 'rocketing' going on.... $1265! Link to comment Share on other sites More sharing options...
romans holiday Posted September 14, 2010 Report Share Posted September 14, 2010 At home today. Couldn't help checking Kitco and noticing a little 'rocketing' going on.... $1265! Beat ya! $20 odd rise.....biggest one day rise in 4 months. Link to comment Share on other sites More sharing options...
grumpy-old-man Posted September 14, 2010 Report Share Posted September 14, 2010 so no $800 or $600 gold then? not for a few years/decades anyway. Link to comment Share on other sites More sharing options...
electroweak Posted September 14, 2010 Report Share Posted September 14, 2010 so no $800 or $600 gold then? not for a few years/decades anyway. or $16 silver? Link to comment Share on other sites More sharing options...
romans holiday Posted September 14, 2010 Report Share Posted September 14, 2010 so no $800 or $600 gold then? not for a few years/decades anyway. Who knows. Gold will probably do the most unpredictable thing in the near term. It could revisit 3 digits, but it becomes more unlikely with the passage of time. In the long term it should continue to steadily strengthen. Personally, I don't see a parabolic break to the upside, just a continuation of a steady strengthening against the world's reserve currency...... unless we get deleveraging round 2 for some temporary excitement. Link to comment Share on other sites More sharing options...
G0ldfinger Posted September 14, 2010 Author Report Share Posted September 14, 2010 See you up theeeeeeeeeere! FFS, my bl00dy SIPP is not yet in place. Link to comment Share on other sites More sharing options...
nicejim Posted September 14, 2010 Report Share Posted September 14, 2010 $1268.70 now on Kitco :-) Link to comment Share on other sites More sharing options...
G0ldfinger Posted September 14, 2010 Author Report Share Posted September 14, 2010 so no $800 or $600 gold then? not for a few years/decades anyway. Does anyone know how Hugh Hendry is gonna find someone selling him $600 gold? Link to comment Share on other sites More sharing options...
romans holiday Posted September 14, 2010 Report Share Posted September 14, 2010 or $16 silver? Might still see that yet.... early days. Not that I have ever traded out of my core position in bullion of course. Link to comment Share on other sites More sharing options...
d2thdr Posted September 14, 2010 Report Share Posted September 14, 2010 Link to comment Share on other sites More sharing options...
PricedOutNative Posted September 14, 2010 Report Share Posted September 14, 2010 Anyone know what caused today's spike? Link to comment Share on other sites More sharing options...
G0ldfinger Posted September 14, 2010 Author Report Share Posted September 14, 2010 $1,270. "Gotta be in it to win it." Link to comment Share on other sites More sharing options...
azazel Posted September 14, 2010 Report Share Posted September 14, 2010 Anyone know what caused today's spike? 100 years of fiat money? Link to comment Share on other sites More sharing options...
d2thdr Posted September 14, 2010 Report Share Posted September 14, 2010 100 years of fiat money? So simple. Yet so complex. Nice one. Link to comment Share on other sites More sharing options...
romans holiday Posted September 14, 2010 Report Share Posted September 14, 2010 Anyone know what caused today's spike? Not sure. We're now into the season which is generally a one good for gold... and not so great for equity markets. Maybe some big players positioning themselves..... maybe O'Brien just got back in. Link to comment Share on other sites More sharing options...
warpig Posted September 14, 2010 Report Share Posted September 14, 2010 PMSL ... Looks to be partially dollar weakness. 100 years of fiat money? Link to comment Share on other sites More sharing options...
nicejim Posted September 14, 2010 Report Share Posted September 14, 2010 100 years of fiat money? 99 years 364 days just wouldn't be enough. Link to comment Share on other sites More sharing options...
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